Overview
What is South Venice Beach Endowment Trust?
The South Venice Beach Endowment Trust is a nonprofit organization that is committed to preserving its assets indefinitely. Their primary goal is to utilize these holdings for the benefit of the public and the enjoyment of local community residents. They achieve this objective through the provision of essential services such as boat launch ramps and ferry services. The trust's mission is to maintain and manage its assets in perpetuity, ensuring that the community can continue to derive enjoyment from them.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The South Venice Beach Endowment Trust has achieved a commendable score of 94%, reflecting strong accountability and financial management. This rating is based solely on its performance in the Accountability & Finance category, where it scored a perfect 100% in areas such as independent board member representation and the absence of material asset diversion.
The organization boasts an entirely independent board with five members, ensuring robust governance. Additionally, it has established several critical policies, including conflict of interest and whistleblower protections, which contribute to its transparency and integrity. However, it's noteworthy that while the charity's program expense ratio is high at nearly 80%, specific details about its programs and overall impact are less publicly detailed.
This AI summary has been generated from information found on Charity Navigator.
Is South Venice Beach Endowment Trust legitimate?
South Venice Beach Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Venice Beach Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,000
For more financial information, click here
What is the mission statement of South Venice Beach Endowment Trust?
The South Venice Beach Endowment Trust is dedicated to preserving its trust holdings indefinitely. Its primary objective is to utilize these holdings for the betterment of the public and the enjoyment of the local community. This is achieved through the provision of essential services such as boat launch ramps and ferry services. The trust's mission is essentially to ensure the continued availability of these facilities for the benefit of the community.
Who is the CEO of South Venice Beach Endowment Trust?
Julie Packard is the Trustee of South Venice Beach Endowment Trust.
What is the revenue of South Venice Beach Endowment Trust?
South Venice Beach Endowment Trust's revenue in 2022 was $169,135.
Who are the executives of South Venice Beach Endowment Trust and what are their salaries?
The average compensation at South Venice Beach Endowment Trust during 2022 was $16,000. There is 1 employee at South Venice Beach Endowment Trust.
Here are 5 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for South Venice Beach Endowment Trust?
South Venice Beach Endowment Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Venice Beach Endowment Trust
The South Venice Beach Endowment Trust is a dedicated organization with a mission to preserve and manage its trust holdings perpetually. Its primary objective is to utilize these resources for the benefit of the public and the enjoyment of the community residents. The Trust achieves this goal by providing essential services such as boat launch ramp facilities and ferry services, contributing positively to the community's well-being. These services not only enhance the quality of life for community residents but also foster a sense of shared enjoyment and appreciation for the Trust's resources.
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Impact
October, 2024
The South Venice Beach Endowment Trust has a significant impact on the local community by ensuring access to recreational resources and enhancing the quality of life for residents. By holding, managing, and maintaining trust holdings in perpetuity, the Trust safeguards valuable assets that support public enjoyment.
One of the primary services provided is the operation of boat launch ramps and ferry services, which facilitate residents' access to waterways and promote a vibrant coastal lifestyle. This not only encourages outdoor activities and community engagement but also strengthens social ties among residents.
Overall, the Trust plays a crucial role in maintaining and improving community infrastructure, ensuring these resources are available for public benefit and fostering a sense of communal pride and enjoyment in the natural beauty of the South Venice area.
This information is meant to be a general summary of South Venice Beach Endowment 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: $7,417
- Program Service Revenue: $161,080
- Gross Receipts: $333,726
Assets and Liabilities:
- Total Assets: $885,485
- Total Liabilities: $2,814
- Net Assets: $882,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RAMP & FERRY FEES
Revenue
$161,080
Organization Details
Phone
(941) 493-0006Principal Officer
Julie Packard
Main Address
720 ALLIGATOR DRIVE, VENICE, FL, 34293
NTEE Category
Code: S99 - Community improvement
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