Overview
What is Capitol Historic Trust Inc?
Capitol Historic Trust Inc is a dedicated nonprofit organization located in Washington, D.C., specifically at 2424 Tracy Place NW, 20008. Their primary mission is to contribute to the preservation of the nation's architectural heritage. They achieve this by supporting the protection and conservation of historically significant properties. The organization carries out this mission by monitoring properties protected with its preservation easement annually. During these inspections, they document the property's condition, track changes, and recommend necessary actions to the property owners. Over the years, Capitol Historic Trust Inc has benefited hundreds of historic properties through this process.
Official website here: www.2424 tracy place nw
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Capitol Historic Trust Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and finance practices. This rating is solely based on the organization's Accountability & Finance score, which currently stands at 50%. While the trust shows some strengths, such as having a majority of independent board members and no reported material diversion of assets, these positives are overshadowed by critical weaknesses in other areas.
The trust lacks a whistleblower policy, which is essential for ensuring transparency and protecting individuals who report unethical practices. Additionally, it fails to post its Tax Form on its website, a requirement that negatively impacts its score. The liabilities to assets ratio stands at 0.00%, indicating potential financial risks that could hinder its operations.
Moreover, the program expense ratio is relatively low at 41.02%, suggesting that a significant portion of its funds may not be directed towards its programs. This raises concerns regarding the overall effectiveness of the organization in fulfilling its mission. Overall, while there are some positive aspects, the identified limitations highlight the need for improvement in financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Capitol Historic Trust Inc legitimate?
Capitol Historic Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capitol Historic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.2424 tracy place nw
What is the mission statement of Capitol Historic Trust Inc?
Capitol Historic Trust Inc's mission is centered around preserving the nation's architectural heritage. They achieve this by providing support for the protection and conservation of historically significant properties. The organization undertakes annual onsite inspections of properties protected by their preservation easements to monitor compliance with terms. Any changes made to these properties are documented, and necessary actions are recommended or required if needed. Their efforts have benefited numerous historic properties across the country.
Official website here: www.2424 tracy place nw
Who is the CEO of Capitol Historic Trust Inc?
Mario Leonel is the President of Capitol Historic Trust Inc.
Official website here: www.2424 tracy place nw
What is the revenue of Capitol Historic Trust Inc?
Capitol Historic Trust Inc's revenue in 2022 was $38,709.
Official website here: www.2424 tracy place nw
Who are the executives of Capitol Historic Trust Inc and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $22,099
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Official website here: www.2424 tracy place nw
Where can I find the form 990 for Capitol Historic Trust Inc?
Capitol Historic Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.2424 tracy place nw
Learn more at the official website: www.2424 tracy place nw
Mission Statement of Capitol Historic Trust Inc
Capitol Historic Trust Inc, a nonprofit organization, is dedicated to preserving the nation's architectural heritage. They accomplish this mission by supporting the protection and preservation of historically significant properties. The trust takes an active role in this endeavor, conducting annual onsite inspections of each property protected under its preservation easement. These inspections are crucial in monitoring compliance with the easement terms by the property owner. The findings of these inspections are documented in photographs and field reports, which are then entered into the organization's database for comparison with baseline and prior year documentation. Any alterations made to the properties are noted, and recommendations or required actions for the owner are outlined. Through this meticulous process, hundreds of historic properties have benefited from Capitol Historic Trust Inc's preservation efforts.
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Impact
August, 2024
Capitol Historic Trust Inc has had a substantial impact on the preservation of the nation's architectural heritage. By supporting the protection and preservation of historically important properties, the organization plays a crucial role in maintaining these cultural landmarks for future generations. Its monitoring of easement-protected properties through annual onsite inspections ensures compliance with preservation easement terms, documenting property conditions and tracking any alterations made over time. With hundreds of historic properties benefiting from its initiatives, Capitol Historic Trust Inc actively contributes to safeguarding our architectural legacy in Washington, DC, and beyond.
This information is meant to be a general summary of Capitol Historic 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.
- Investment Income: $38,709
- Gross Receipts: $389,255
Assets and Liabilities:
- Total Assets: $2,072,188
- Total Liabilities: $0
- Net Assets: $2,072,188
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Organization Details
Founding Year
2003
Phone
(202) 328-5260Principal Officer
Mario Leonel
Main Address
2424 Tracy Place NW, Washington, DC, 20008
Website
www.2424 tracy place nwNTEE Category
Code: A80 - Arts
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