Overview
What is Hanover Tavern Foundation?
The Hanover Tavern Foundation, based in Hanover, Virginia, is a dedicated nonprofit organization with a mission to preserve, interpret, and utilize the Hanover Tavern as a historical, educational, community, and cultural resource center. They offer a variety of activities, including exhibits, tours, speaker series, family events, and educational programming, catering to the enjoyment of all. With a team of 69 dedicated individuals, the foundation is committed to maintaining the tavern's historical significance while also providing opportunities for community engagement and learning.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Hanover Tavern Foundation holds a Three-Star rating from Charity Navigator, indicating an overall score of 77%. This score reflects a strong focus on Accountability & Finance, with the organization excelling in areas such as having a fully independent board and comprehensive financial oversight. Its commitment to transparency is further affirmed with policies on conflicts of interest, whistleblower protections, and documented board meeting minutes.
Strengths of the Hanover Tavern Foundation include a well-structured board comprised entirely of independent members and robust financial management practices, including a low liabilities-to-assets ratio of 2.39%. The charity is also recognized for not having any material diversion of assets, underscoring its financial integrity and responsible governance.
However, the foundation's program expense ratio of 56.15% suggests that a significant portion of its expenses may be allocated to administrative costs rather than direct program services. This aspect may raise questions among potential donors regarding the effectiveness of its spending in achieving its mission. Overall, while the organization demonstrates strong accountability, there is room for improvement in its program funding.
This AI summary has been generated from information found on Charity Navigator.
Is Hanover Tavern Foundation legitimate?
Hanover Tavern Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hanover Tavern Foundation 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: $104,954
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,559
For more financial information, click here
What is the mission statement of Hanover Tavern Foundation?
The Hanover Tavern Foundation's mission is centered around preserving, interpreting, and utilizing the Hanover Tavern as a valuable historical, educational, community, and cultural resource center. This resource center is intended for the enjoyment of all, promoting an inclusive environment. The foundation's activities include the continuation of exhibits, historic tours, speakers series, family events, and educational programming, aiming to engage and educate a wide audience about the historical significance of the Hanover Tavern.
Who is the CEO of Hanover Tavern Foundation?
David Deal is the Director of Hanover Tavern Foundation.
What is the revenue of Hanover Tavern Foundation?
Hanover Tavern Foundation's revenue in 2022 was $507,119.
Who are the executives of Hanover Tavern Foundation and what are their salaries?
The average compensation at Hanover Tavern Foundation during 2022 was $2,181. There are 69 employees and 50 volunteers at Hanover Tavern Foundation.
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Where can I find the form 990 for Hanover Tavern Foundation?
Hanover Tavern Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hanover Tavern Foundation
The Hanover Tavern Foundation is committed to preserving, interpreting, and utilizing the Hanover Tavern as a valuable historical, educational, community, and cultural resource center. This center aims to cater to the enjoyment of all individuals. Through its mission, the foundation aims to maintain the Hanover Tavern's historical significance, provide insightful interpretations, and utilize it as a versatile space for various purposes.
The Hanover Tavern Foundation's primary objective is to uphold the Hanover Tavern in its original form, ensuring it retains its historical charm and significance. Additionally, the foundation strives to educate visitors about the tavern's rich history and its role in the community and culture. By offering exhibits, historic tours, speakers series, family events, and educational programming, the foundation ensures the Hanover Tavern remains a vibrant and engaging center for the public. The Hanover Tavern Foundation serves as a vital link between the past and the present, allowing people to appreciate the historical context of their community while also enjoying a wide range of cultural and educational experiences.
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Impact
July, 2024
Hanover Tavern Foundation's impact lies in preserving, interpreting, and utilizing Hanover Tavern as a historic, educational, community, and cultural resource center for the enjoyment of all. Through exhibits, historic tours, speaker series, family events, and educational programming, the foundation ensures that the rich history and significance of Hanover Tavern are accessible to the public. This contributes to the enrichment of arts and cultural experiences in the community while also fostering a sense of connection to the past.
This information is meant to be a general summary of Hanover Tavern Foundation. 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.
- Investment Income: $4,317
- Program Service Revenue: $2,140
- Gross Receipts: $549,961
Assets and Liabilities:
- Total Assets: $5,007,435
- Total Liabilities: $142,493
- Net Assets: $4,864,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$2,140
Organization Details
Founding Year
1990
Phone
(804) 537-5050Principal Officer
David Deal
Main Address
P O BOX 487, HANOVER, VA, 23069
NTEE Category
Code: A82Z - Arts
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