Overview
What is Marianna Historic Trust?
Marianna Historic Trust is a dedicated nonprofit organization based in Marianna, Arkansas. Their primary mission is to preserve and restore endangered historic buildings in the city's downtown area. They have successfully renovated seven such properties, which are now occupied by retail businesses. The trust's efforts have not only revitalized these historic sites but also boosted the local economy by creating jobs and increasing foot traffic in the downtown district. In addition, the trust has spearheaded the potential designation of downtown Marianna as a historic district on the National Register. They also aim to educate the public about the city's history and architectural heritage. To ensure the maintenance of a community house, a national register property owned by the City of Marianna, the trust has established an endowment fund. The fund, which currently stands at 12,000, has been supported by both public donations and a matching contribution from the Marianna Historic Trust itself.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Marianna Historic Trust has demonstrated solid financial management and accountability, particularly highlighted by a program expense ratio of 96.48%, indicating a strong commitment to its mission. Additionally, the organization boasts a fully independent board, which is a positive aspect for governance.
However, the organization has notable areas for improvement, particularly in transparency and adherence to best practices. The absence of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy reflects gaps in governance that could hinder trust and accountability. Furthermore, the lack of a website listed on their tax form and failure to post their tax forms on their website also detracts from their transparency.
While the financial health and operational integrity of the Marianna Historic Trust are commendable, the significant shortcomings in policy documentation and online presence suggest that potential donors and stakeholders should consider these factors when evaluating their engagement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Marianna Historic Trust legitimate?
Marianna Historic Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marianna Historic 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: $0
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What is the mission statement of Marianna Historic Trust?
The Marianna Historic Trust is committed to preserving the historical and architectural significance of various buildings in an unspecified location. One of their aims is to work towards the designation of a historic area as a historic district on the National Register. They also strive to save endangered historic buildings and preserve their character through the acquisition and restoration of historically or architecturally significant properties. Furthermore, the trust seeks to educate the public about the area's rich history and architectural heritage.
Who is the CEO of Marianna Historic Trust?
Nancy Apple is the Secretary-Tr of Marianna Historic Trust.
What is the revenue of Marianna Historic Trust?
Marianna Historic Trust's revenue in 2023 was $31,641.
Who are the executives of Marianna Historic Trust and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Marianna Historic Trust?
Marianna Historic Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Marianna Historic Trust
The Marianna Historic Trust is dedicated to preserving the historic character of its community. This nonprofit organization has a threefold mission. Firstly, it endeavors to safeguard endangered historic buildings in the downtown area. Secondly, it works towards the designation of a historic district in downtown Marianna on the National Register. Lastly, the Trust aims to preserve the historic and architectural significance of Marianna by acquiring and restoring historically or architecturally notable properties. Furthermore, the Marianna Historic Trust strives to educate the public about the history of the area and its architectural heritage. By undertaking these tasks, the Trust plays a vital role in preserving the city's rich history and cultural heritage.
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Impact
August, 2024
Marianna Historic Trust has significantly impacted the community of Marianna by saving endangered historic buildings in downtown Marianna, Arkansas. Through their efforts, they have worked towards the designation of a historic area as an historic district on the National Register. The Trust currently owns seven buildings in downtown Marianna, all of which are National Register properties. Their restoration projects have not only preserved historic properties but have also contributed to the economic revitalization of the downtown historic district by attracting businesses, creating jobs, and increasing foot traffic in the area. Additionally, the Trust has played a role in educating the public about the history and architectural heritage of Marianna. Their work in acquiring, restoring, and maintaining historically and architecturally significant properties has helped in preserving the unique character of Marianna for future generations.
This information is meant to be a general summary of Marianna Historic 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 2023.
- Investment Income: $1,877
- Program Service Revenue: $4,800
- Gross Receipts: $31,641
Assets and Liabilities:
- Total Assets: $994,173
- Total Liabilities: $0
- Net Assets: $994,173
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMERCIAL PROPERTY
Revenue
$4,800
Organization Details
Founding Year
2000
Phone
(870) 295-2821Principal Officer
Nancy Apple
Main Address
1 MISSION AVENUE, MARIANNA, AR, 72360
NTEE Category
Code: A20 - Arts
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