Overview
What is Trezevant Manor Foundation?
Trezevant Manor Foundation, established in 1981, is a nonprofit organization situated in Memphis, Tennessee. The foundation's primary mission is to enhance the quality of life for current and future residents of Trezevant, a community offering both independent and assisted living facilities. It provides crucial financial support to residents who can no longer meet the financial requirements, ensuring their continued care. Additionally, the foundation serves as a collection source for designated gifts, offering assistance to local non-profits in Memphis. Moreover, Trezevant Manor Foundation invests in the educational advancement of its staff members by providing necessary resources. With a dedicated workforce of three individuals, the foundation plays a significant role in strengthening the community's social fabric.
Official website here: www.trezevantmanor.org/donate/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Trezevant Manor Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall financial health and accountability. The foundation has a high percentage of independent board members, and its governance policies are well-documented, which reflects positively on its organizational structure. However, the low rating is primarily attributed to financial inefficiencies, particularly a low program expense ratio of 29.10%, suggesting that only a small portion of its funds is directed towards its charitable activities.
The foundation appears to have strong oversight mechanisms in place, including an audit committee and various conflict of interest policies. Nonetheless, the concerning liabilities to assets ratio of 1.54% raises flags about its financial stability. Additionally, the absence of the tax form on its website is a notable shortcoming that affects transparency and accessibility of financial information to donors and stakeholders.
Overall, while Trezevant Manor Foundation demonstrates good governance practices, the significant issues related to financial operations limit its effectiveness in fulfilling its mission. Potential donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Trezevant Manor Foundation legitimate?
Trezevant Manor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trezevant Manor 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: $0
Professional Fundraising Fees: $64,750
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.trezevantmanor.org/donate/
What is the mission statement of Trezevant Manor Foundation?
The Trezevant Manor Foundation's mission is centered around improving the quality of life for current and future residents, as well as offering support to staff seeking further education. Established in 1981, this foundation serves as a source for designated gifts, providing assistance to residents, staff, families, and local non-profit organizations in Memphis, Tennessee. In instances where residents are unable to meet financial requirements, the foundation offers crucial support through donations. The Trezevant Foundation also contributes to enhancing the functions and activities within the Trezevant community, which includes both independent and assisted living facilities.
Official website here: www.trezevantmanor.org/donate/
Who is the CEO of Trezevant Manor Foundation?
Kent Phillips is the Chairman of Trezevant Manor Foundation. The CEO's salary of Trezevant Manor Foundation is $0 and their total compensation is $258,722.
Official website here: www.trezevantmanor.org/donate/
What is the revenue of Trezevant Manor Foundation?
Trezevant Manor Foundation's revenue in 2022 was $4,997,757.
Official website here: www.trezevantmanor.org/donate/
Who are the executives of Trezevant Manor Foundation and what are their salaries?
There are 3 employees and 45 volunteers at Trezevant Manor Foundation.
Here are 8 key members and their salaries (Trezevant Manor Foundation's CEO's salary is $0 and their total compensation is $258,722):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $257,918
- Other: $32,345
- Compensation: $0
- Related: $225,297
- Other: $33,425
- Compensation: $0
- Related: $48,153
- Other: $3,142
Official website here: www.trezevantmanor.org/donate/
Where can I find the form 990 for Trezevant Manor Foundation?
Trezevant Manor Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trezevantmanor.org/donate/
Learn more at the official website: www.trezevantmanor.org/donate/
Mission Statement of Trezevant Manor Foundation
Trezevant Manor Foundation, established in 1981, serves as a dedicated repository for gifts intended for various purposes. Its primary mission is to improve the quality of life for both current and future residents while offering support to staff members seeking educational advancement. The foundation upholds Trezevant's commitment to each lifecare resident, providing financial assistance to residents, staff, families, and local non-profit organizations in Memphis, Tennessee.
In instances where residents can no longer meet the required financial obligations, Trezevant Manor Foundation extends financial aid through its donations. The foundation's role extends beyond direct resident support, as it also serves to enhance the functionality and activities within the Trezevant community, which includes both independent and assisted living facilities. By doing so, Trezevant Manor Foundation strives to create a nurturing environment for its residents and to foster ongoing growth and development among its staff members.
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Impact
July, 2024
Trezevant Manor Foundation enhances the quality of life for current and future residents by providing support for educational advancement to staff. Additionally, the foundation supports residents who are no longer able to meet financial requirements through donations. This organization also extends its assistance to families and area nonprofits in Memphis, Tennessee. Overall, Trezevant Manor Foundation plays a crucial role in enriching the Trezevant community, which comprises both independent and assisted living facilities.
This information is meant to be a general summary of Trezevant Manor 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: $62,441
- Gross Receipts: $4,997,757
Assets and Liabilities:
- Total Assets: $10,694,335
- Total Liabilities: $102,471
- Net Assets: $10,591,864
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Organization Details
Founding Year
1980
Phone
(901) 325-4000Principal Officer
Kent Phillips
Main Address
177 NORTH HIGHLAND STREET, MEMPHIS, TN, 38111
NTEE Category
Code: E91I - Health
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