Overview
What is Drew Foundation C/O Cypress Trust Company?
The Drew Foundation C/O Cypress Trust Company is a nonprofit organization that generously donates funds to three notable entities: the humane society, Mayo Clinic, and St. John's Church. Their primary objective is to support these organizations in their community service initiatives. Their contributions help these institutions carry out their humanitarian work more effectively, contributing to the betterment of their respective communities. The Drew Foundation's mission is centered around providing financial assistance to these organizations, enabling them to make a positive impact in areas such as animal welfare, healthcare, and religious outreach.
Official website here: www.cypressbanktrust.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
The Drew Foundation, rated at 56% by Charity Navigator, has received a One-Star rating, indicating significant shortcomings in its accountability and financial practices. While the organization has a solid program expense ratio of 79.36%, demonstrating a commitment to its mission, it lacks independent board members and has not established several essential governance policies, including conflict of interest and whistleblower policies.
The lack of independent oversight is a notable concern, as it poses risks to the charity's transparency and accountability. Additionally, the absence of a tax form on the nonprofit's website further limits public access to critical financial information. Despite these weaknesses, the organization has no reported material diversion of assets, indicating that funds are likely being utilized for intended purposes.
Overall, while the Drew Foundation demonstrates effective program spending, its governance and financial accountability practices need significant improvement. Potential donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Drew Foundation C/O Cypress Trust Company legitimate?
Drew Foundation C/O Cypress Trust Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drew Foundation C/O Cypress Trust Company 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.cypressbanktrust.com
What is the mission statement of Drew Foundation C/O Cypress Trust Company?
The Drew Foundation, under the management of Cypress Trust Company, supports three organizations by providing financial assistance. This aid is intended to strengthen the community service initiatives of the Humane Society, Mayo Clinic, and St. John's Church. The Drew Foundation's mission, in essence, is to contribute financially to these organizations, thereby empowering them to carry out their humanitarian and healthcare services more effectively within their communities.
Official website here: www.cypressbanktrust.com
Who is the CEO of Drew Foundation C/O Cypress Trust Company?
Rebecca Y Belt is the Trustee of Drew Foundation C/O Cypress Trust Company.
Official website here: www.cypressbanktrust.com
What is the revenue of Drew Foundation C/O Cypress Trust Company?
Drew Foundation C/O Cypress Trust Company's revenue in 2022 was $55,705.
Official website here: www.cypressbanktrust.com
Who are the executives of Drew Foundation C/O Cypress Trust Company and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $17,259
- Other: $0
Official website here: www.cypressbanktrust.com
Where can I find the form 990 for Drew Foundation C/O Cypress Trust Company?
Drew Foundation C/O Cypress Trust Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cypressbanktrust.com
Learn more at the official website: www.cypressbanktrust.com
Mission Statement of Drew Foundation C/O Cypress Trust Company
The Drew Foundation, as depicted in the provided information, is an entity that extends financial aid to three notable organizations: the Humane Society, Mayo Clinic, and St. John's Church. This philanthropic organization's mission lies in supporting these institutions as they carry out their community service initiatives. By providing financial resources, Drew Foundation C/O Cypress Trust Company enables these organizations to further their respective missions and make a significant impact in their respective fields. The Humane Society, for instance, focuses on animal welfare, while Mayo Clinic is renowned for its medical research and patient care. St. John's Church, on the other hand, contributes to spiritual and community development. In this capacity, the Drew Foundation serves as a vital partner, strengthening the capacity and reach of these organizations.
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Impact
October, 2024
The Drew Foundation C/O Cypress Trust Company significantly impacts the community by providing financial support to key local organizations. Through its contributions, it helps strengthen the operations of the Humane Society, enabling better animal care and adoption services. Support for the Mayo Clinic aids in advancing healthcare services, enhancing patient care and community health initiatives. Additionally, funding for St. John’s Church facilitates a range of community services, fostering social cohesion and support among community members. The foundation's efforts bolster these institutions, allowing them to expand their reach and effectiveness in serving the Jacksonville community.
This information is meant to be a general summary of Drew Foundation C/O Cypress Trust Company. 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: $55,705
- Gross Receipts: $241,992
Assets and Liabilities:
- Total Assets: $1,477,227
- Total Liabilities: $0
- Net Assets: $1,477,227
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Organization Details
Founding Year
1979
Phone
(904) 301-2266Principal Officer
Rebecca Y Belt
Main Address
1910 SAN MARCO BLVD, JACKSONVILLE, FL, 32207
Website
www.cypressbanktrust.comNTEE Category
Code: T90Z - Philanthropy
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