Overview
What is Tryon Palace Foundation Inc?
Tryon Palace Foundation Inc is a supporting organization based in New Bern, North Carolina. With a focus on preserving and promoting historical sites, the foundation assists Tryon Palace, a historic site owned and operated by the state of North Carolina. Utilizing grants and contributions, the foundation maintains the buildings, grounds, museum, and educational programming at Tryon Palace. Additionally, it funds cultural and historical exhibits, such as the recent completion of the Garden Cottage in 2022. The mission of Tryon Palace Foundation is to protect, preserve, and develop the legacy of the historical site, achieving this through educational programs for children and visitors from around the world, as well as serving as responsible stewards for the site's future.
Official website here: www.tryonpalacefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Tryon Palace Foundation Inc has achieved an impressive 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is derived entirely from its strong performance in the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of resources.
Strengths of the organization include a fully independent board, which scored 100% for the majority of its members, alongside a robust financial oversight framework. The foundation has demonstrated sound financial practices, including a very low liability-to-assets ratio of 2.72% and a high program expense ratio of 77.94%, indicating that most of its resources are directed towards its mission-related activities.
While the data highlights the foundation's solid governance and financial metrics, there are no significant limitations noted in the feedback. Overall, the Tryon Palace Foundation Inc exemplifies best practices in nonprofit management, making it a reputable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Tryon Palace Foundation Inc legitimate?
Tryon Palace Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tryon Palace Foundation 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tryonpalacefoundation.org
What is the mission statement of Tryon Palace Foundation Inc?
The Tryon Palace Foundation's mission is centered around supporting the historical site of Tryon Palace, which is under the ownership and operation of the State of North Carolina. The foundation's primary objective is to preserve and develop the historical legacy of Tryon Palace by educating both local and international visitors, acting as responsible stewards, and ensuring the site's continued existence for future generations. The foundation achieves this mission through various means, including promoting historical education, safeguarding the site, and fostering its longevity.
Official website here: www.tryonpalacefoundation.org
Who is the CEO of Tryon Palace Foundation Inc?
Jeannie Tyson is the Director of Tryon Palace Foundation Inc.
Official website here: www.tryonpalacefoundation.org
What is the revenue of Tryon Palace Foundation Inc?
Tryon Palace Foundation Inc's revenue in 2022 was $781,725.
Official website here: www.tryonpalacefoundation.org
Who are the executives of Tryon Palace Foundation Inc and what are their salaries?
There 182 volunteers at Tryon Palace Foundation Inc.
Here are 28 key members and their salaries:
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Official website here: www.tryonpalacefoundation.org
Where can I find the form 990 for Tryon Palace Foundation Inc?
Tryon Palace Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tryonpalacefoundation.org
Learn more at the official website: www.tryonpalacefoundation.org
Mission Statement of Tryon Palace Foundation Inc
Tryon Palace Foundation Inc is committed to supporting the activities and purpose of Tryon Palace, a historic site owned and operated by the state of North Carolina. The mission of this organization is to protect, preserve, and develop the legacy of Tryon Palace's historical past. They accomplish this by educating children and visitors from around the globe, acting as good stewards of what has been entrusted to them, and ensuring its future for present and future generations. By doing so, Tryon Palace Foundation Inc contributes to the preservation of this significant historical site and its gardens, ensuring that its rich history is not lost but rather, passed on to future generations.
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Impact
July, 2024
Tryon Palace Foundation Inc's impact is centered around supporting the activities and purpose of Tryon Palace, a historic site in New Bern, North Carolina. By utilizing funds from grants and contributions, the foundation helps maintain the buildings, grounds, museum, and educational programming at Tryon Palace. Additionally, the organization provides funding for cultural and historical exhibits at the site, enhancing the visitor experience. The completion of the Garden Cottage in 2022 is a tangible example of the foundation's commitment to preserving and developing the historical legacy of Tryon Palace. Through its mission of protecting, preserving, and developing the site's historical past, Tryon Palace Foundation ensures that this significant piece of history is safeguarded for present and future generations, while also educating visitors from around the globe about the rich heritage of Tryon Palace.
This information is meant to be a general summary of Tryon Palace Foundation 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.
- Investment Income: $19,072
- Program Service Revenue: $250
- Gross Receipts: $3,984,112
Assets and Liabilities:
- Total Assets: $5,996,950
- Total Liabilities: $163,704
- Net Assets: $5,833,246
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$250
Organization Details
Founding Year
1992
Phone
(252) 639-3611Principal Officer
Jeannie Tyson
Main Address
PO BOX 1007, NEW BERN, NC, 28563
NTEE Category
Code: A82 - Arts
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