Overview
What is Elizabeth Cooke Foundation Trust?
The Elizabeth Cooke Foundation Trust, located in Tupelo, Mississippi, is a nonprofit organization dedicated to continuing the charitable, literary, and educational pursuits of the First Regional Library. Their mission encompasses these three areas, aiming to positively impact their community. The specific activities and initiatives they undertake in support of this mission remain undisclosed in the provided information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Elizabeth Cooke Foundation Trust has received a low score primarily due to significant weaknesses in its governance and transparency practices. With a One-Star rating, it is clear that the charity struggles in areas such as board independence, where it scored 0% due to a lack of independent board members. Furthermore, critical policies, including those for conflict of interest and whistleblower protection, are missing, which raises concerns about accountability.
On a positive note, the foundation does exhibit strong financial health, with a program expense ratio of 78.23%, indicating that a large portion of its funds is directed toward its charitable programs. Additionally, it shows no material diversion of assets, scoring 10 out of 10 in that category. However, the absence of essential governance documents and policies detracts from its overall credibility and could impact donor trust.
The charity's lack of a website listed on its tax form and the failure to post its tax documents online further highlight the transparency issues. These factors together contribute to the overall low rating, suggesting that potential donors should consider these governance deficiencies before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Elizabeth Cooke Foundation Trust legitimate?
Elizabeth Cooke Foundation Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elizabeth Cooke Foundation Trust 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: $10,695
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Elizabeth Cooke Foundation Trust?
The Elizabeth Cooke Foundation Trust is committed to continuing the charitable, literary, and educational endeavors initiated by the first regional library. Their mission aims to uphold and expand upon the legacy of this pioneering library, thereby contributing to various learning and literacy-related initiatives. The trust seeks to promote a love for reading, knowledge acquisition, and intellectual growth within their community. By carrying out these activities, the Elizabeth Cooke Foundation Trust strives to foster an environment that encourages lifelong learning and personal development.
Who is the CEO of Elizabeth Cooke Foundation Trust?
Cadence Bank Fka Bancorpsouth Ban is the Trustee of Elizabeth Cooke Foundation Trust.
What is the revenue of Elizabeth Cooke Foundation Trust?
Elizabeth Cooke Foundation Trust's revenue in 2022 was $93,767.
Who are the executives of Elizabeth Cooke Foundation Trust and what are their salaries?
There 5 volunteers at Elizabeth Cooke Foundation Trust.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $10,695
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Elizabeth Cooke Foundation Trust?
Elizabeth Cooke Foundation Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elizabeth Cooke Foundation Trust
The Elizabeth Cooke Foundation Trust is committed to carrying forward the charitable, literary, and educational initiatives of the First Regional Library. This nonprofit organization's mission is to uphold and expand upon the legacy of the First Regional Library, aiming to continue its beneficial work in these three crucial areas. By doing so, the Elizabeth Cooke Foundation Trust seeks to make a positive impact on its community and beyond, fostering learning and literacy for all.
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Impact
October, 2024
The Elizabeth Cooke Foundation Trust significantly impacts the community by supporting charitable, literary, and educational activities associated with the First Regional Library. By fostering access to literature and education, the Trust plays a vital role in enhancing cultural enrichment, promoting literacy, and providing resources for lifelong learning. Its commitment to these initiatives in Tupelo, MS, helps to cultivate a more informed and engaged population, ultimately contributing to the overall development of the region. The Trust serves as a critical resource for individuals seeking knowledge and growth, ensuring that the legacy of the First Regional Library continues to thrive.
This information is meant to be a general summary of Elizabeth Cooke Foundation Trust. 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: $93,767
- Gross Receipts: $336,144
Assets and Liabilities:
- Total Assets: $1,157,922
- Total Liabilities: $0
- Net Assets: $1,157,922
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Organization Details
Founding Year
1991
Phone
(601) 545-5090Principal Officer
Cadence Bank Fka Bancorpsouth Ban
Main Address
2910 WEST JACKSON ST BLDG A, TUPELO, MS, 38801
NTEE Category
Code: T30Z - Philanthropy
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