Overview
What is James A Leta M Chapman Endowment Trust 486012Ac1?
The James A Leta M Chapman Endowment Trust 486012Ac1 is a philanthropic entity, specifically a trust, with its mailing address in Tulsa, Oklahoma. Its primary mission is to provide sustained and direct financial assistance to the designated beneficiary, Saint Simeon's Episcopal Home Foundation. The trust's activities are focused on offering long-term support to the beneficiary, thereby contributing to its ongoing operations and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The James A Leta M Chapman Endowment Trust received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The score is based solely on the Accountability & Finance category, which reflects the organization's transparency and governance. Notably, the trust has no independent board members, which raises questions about oversight and potential conflicts of interest.
Despite the issues highlighted, the organization demonstrates a commendable commitment to program expenses, with an impressive program expense ratio of 87.85%. This suggests that the majority of its funds are being directed towards its intended charitable activities rather than administrative costs. However, the absence of essential governance policies, such as a conflict of interest policy and whistleblower protections, detracts from its overall effectiveness and credibility.
The trust's failure to provide certain required documentation and policies, such as a website linked on its tax form and transparency regarding board meeting minutes, further compounds its accountability concerns. While the material diversion of assets is noted as none, the other governance shortcomings may hinder the trust's reputation and future fundraising efforts. Overall, the organization could benefit significantly from improving its governance practices to enhance stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is James A Leta M Chapman Endowment Trust 486012Ac1 legitimate?
James A Leta M Chapman Endowment Trust 486012Ac1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. James A Leta M Chapman Endowment Trust 486012Ac1 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: $7,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of James A Leta M Chapman Endowment Trust 486012Ac1?
The James A Leta M Chapman Endowment Trust 486012Ac1 is committed to providing direct and permanent financial support to its named beneficiaries. This support is aimed at ensuring the beneficiaries have ongoing resources at their disposal. Specifically, the trust provides financial assistance to the Saint Simeon's Episcopal Home Foundation. The trust's mission is centered around providing steady and enduring financial aid, thereby enhancing the well-being and stability of its beneficiaries.
Who is the CEO of James A Leta M Chapman Endowment Trust 486012Ac1?
Bokf Na is the Corporate Trustee of James A Leta M Chapman Endowment Trust 486012Ac1.
What is the revenue of James A Leta M Chapman Endowment Trust 486012Ac1?
James A Leta M Chapman Endowment Trust 486012Ac1's revenue in 2022 was $58,404.
Who are the executives of James A Leta M Chapman Endowment Trust 486012Ac1 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $8,294
- Related: $0
- Other: $0
Where can I find the form 990 for James A Leta M Chapman Endowment Trust 486012Ac1?
James A Leta M Chapman Endowment Trust 486012Ac1's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of James A Leta M Chapman Endowment Trust 486012Ac1
The James A. Leta M. Chapman Endowment Trust 486012Ac1 is dedicated to providing direct and lasting support to its named beneficiaries. In essence, this trust's mission is to offer financial aid with a permanent commitment to its designated recipients. The support provided by this trust essentially serves as a foundation for the beneficiaries, ensuring their ongoing needs are met. The specific beneficiary in this case is Saint Simeon's Episcopal Home Foundation, which likely receives financial assistance from the trust for its charitable activities.
The James A. Leta M. Chapman Endowment Trust 486012Ac1 does not disclose its strategies or methods of support, but its primary objective is to ensure the continued well-being of its designated beneficiaries. By providing direct and permanent financial aid, the trust allows its beneficiaries to focus on their core missions, without the constraint of financial constraints. This support can empower the beneficiaries to expand their reach, improve their services, and ultimately, make a greater impact in the communities they serve.
In summary, the James A. Leta M. Chapman Endowment Trust 486012Ac1 is a philanthropic organization that offers direct and enduring financial support to its beneficiaries. By doing so, it enables its beneficiaries, such as Saint Simeon's Episcopal Home Foundation, to carry out their charitable activities effectively and sustainably.
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Impact
October, 2024
The James A Leta M Chapman Endowment Trust 486012Ac1 provides direct and permanent financial support to beneficiaries, significantly impacting the Saint Simeon's Episcopal Home Foundation in Tulsa, OK. Through this endowment, the trust plays a critical role in ensuring that housing and care resources are available for individuals in need, enhancing the quality of life for residents. The ongoing support facilitates a stable environment that fosters dignity and community for those it serves. By maintaining a focus on housing, this endowment helps address essential needs, contributing to the overall well-being and comfort of its beneficiaries.
This information is meant to be a general summary of James A Leta M Chapman Endowment Trust 486012Ac1. 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: $45,210
- Gross Receipts: $165,258
Assets and Liabilities:
- Total Assets: $1,346,171
- Total Liabilities: $0
- Net Assets: $1,346,171
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Organization Details
Founding Year
1966
Phone
(918) 619-1526Principal Officer
Bokf Na
Main Address
PO BOX 1620, TULSA, OK, 741011620
NTEE Category
Code: L22 - Housing
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