Overview
What is Thurgood Marshall Center Trust Inc?
Thurgood Marshall Center Trust Inc is a nonprofit organization situated in Washington D.C., specifically at 1816 12th Street NW, dedicated to serving the community, particularly the Shaw area in Northwest DC. Their primary mission is to preserve, renovate, and manage the historic Anthony Bowen Landmark Building for the social and cultural enrichment of the district's residents. Established with this purpose, the organization aims to contribute positively to the local community, promoting cultural activities and benefiting the Shaw community in particular. With a workforce of eight dedicated individuals, Thurgood Marshall Center Trust Inc strives to foster a sense of unity and development within its vicinity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Thurgood Marshall Center Trust Inc has received an 80% rating from Charity Navigator, indicating a solid level of accountability and finance management. This score is derived primarily from the charity's strong performance in various financial metrics, showcasing their commitment to transparency and responsible stewardship of funds.
The organization boasts a fully independent board, consisting of 13 members, and has received perfect scores in several governance areas, including having a conflict of interest policy and a whistleblower policy in place. Additionally, their program expense ratio is notably high at 87.87%, suggesting that the majority of their expenditures are dedicated to their mission-driven activities.
However, the charity faces challenges in its liabilities to assets ratio, scoring only 1 out of 15 points in this area, which may indicate financial risk that could affect its long-term sustainability. Overall, while the Thurgood Marshall Center Trust demonstrates strong governance and mission focus, stakeholders should remain mindful of their financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Thurgood Marshall Center Trust Inc legitimate?
Thurgood Marshall Center Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thurgood Marshall Center Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,575
For more financial information, click here
What is the mission statement of Thurgood Marshall Center Trust Inc?
The Thurgood Marshall Center Trust Inc was established with a mission to preserve, rehabilitate, develop, and operate the Anthony Bowen Landmark Building for the social and cultural betterment of a specific community. This organization aims to serve the District of Columbia and its residents, particularly those residing in the Shaw community in Northwest DC, by utilizing the Landmark Building for their social and cultural needs. The Trust's goal is to contribute positively to the community's well-being through the operation of this landmark building.
Who is the CEO of Thurgood Marshall Center Trust Inc?
Thomasina Yearwood is the President/Ceo of Thurgood Marshall Center Trust Inc. The CEO's salary of Thurgood Marshall Center Trust Inc is $100,000 and their total compensation is $100,000.
What is the revenue of Thurgood Marshall Center Trust Inc?
Thurgood Marshall Center Trust Inc's revenue in 2022 was $869,876.
Who are the executives of Thurgood Marshall Center Trust Inc and what are their salaries?
The average compensation at Thurgood Marshall Center Trust Inc during 2022 was $24,697. There are 8 employees and 19 volunteers at Thurgood Marshall Center Trust Inc.
Here are 20 key members and their salaries (Thurgood Marshall Center Trust Inc's CEO's salary is $100,000 and their total compensation is $100,000):
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Where can I find the form 990 for Thurgood Marshall Center Trust Inc?
Thurgood Marshall Center Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Thurgood Marshall Center Trust Inc
The Thurgood Marshall Center Trust Inc, named after the renowned civil rights advocate, was established with a mission to preserve, rehabilitate, develop, and operate the Anthony Bowen Landmark Building. This mission is driven by a desire to contribute positively to the social and cultural well-being of the District of Columbia's residents, particularly those residing in the Shaw community. The Landmark Building serves as a hub for these individuals, offering opportunities for social and cultural engagement. The Thurgood Marshall Center Trust Inc's operations aim to enhance the quality of life for the local community, fostering a sense of unity and shared experiences.
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Impact
July, 2024
Thurgood Marshall Center Trust Inc's impact lies in its effort to preserve, rehabilitate, develop, and operate the Anthony Bowen Landmark Building for the social and cultural benefit of the District of Columbia and the Shaw community residents. By utilizing the Landmark Building for social and cultural purposes, especially for the residents of the District of Columbia and the Shaw community in Northwest DC, the organization contributes to the improvement of the community.
This information is meant to be a general summary of Thurgood Marshall Center Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $753,186
- Gross Receipts: $880,583
Assets and Liabilities:
- Total Assets: $4,260,445
- Total Liabilities: $2,953,278
- Net Assets: $1,307,167
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$753,186
Organization Details
Founding Year
1988
Phone
(202) 462-8314Principal Officer
Thomasina Yearwood
Main Address
1816 12TH STREET NW, WASHINGTON, DC, 20009
NTEE Category
Code: S112 - Community improvement
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