Overview
What is Harold N & Thelma G Lenker Charitable Income Trust?
Harold N & Thelma G Lenker Charitable Income Trust is a philanthropic entity, based in Pottsville, Pennsylvania. As specified in their will, their primary objective is to extend financial support to various charitable organizations. This trust seeks to make a significant impact by channeling resources towards the causes they have chosen. The trust's mission is clear and focused, dedicating its efforts towards the betterment of charitable organizations and the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%)
The Harold N & Thelma G Lenker Charitable Income Trust has received a two-star rating from Charity Navigator, indicating areas needing improvement, particularly in accountability and governance. The trust’s accountability and finance score stands at 67%, reflecting some positive aspects like a program expense ratio of 83.18%, which suggests that a significant portion of its funds is directed towards its programs.
However, the organization has notable deficiencies in board independence and transparency. There are no independent board members, which raises concerns about oversight. Additionally, the trust's website is missing from its tax form, and it lacks a whistleblower policy, further highlighting potential gaps in governance practices.
On a positive note, the organization has a solid track record concerning material diversion of assets and has implemented a conflict of interest policy. Despite these strengths, the lack of independent oversight and transparency measures could affect its credibility and effectiveness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Harold N & Thelma G Lenker Charitable Income Trust legitimate?
Harold N & Thelma G Lenker Charitable Income Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harold N & Thelma G Lenker Charitable Income 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: $40,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Harold N & Thelma G Lenker Charitable Income Trust?
The Harold N & Thelma G Lenker Charitable Income Trust is committed to providing support for designated charitable organizations, as stipulated in their will. The primary mission of this trust is to allocate resources to these specific charitable organizations, contributing to their various causes and initiatives. The trust's activities are guided by the intentions outlined in the will, providing financial assistance to these chosen charities. The trust does not engage in any independent mission or activities beyond this specified support for charitable organizations.
What is the revenue of Harold N & Thelma G Lenker Charitable Income Trust?
Harold N & Thelma G Lenker Charitable Income Trust's revenue in 2024 was $214,245.
Who are the executives of Harold N & Thelma G Lenker Charitable Income Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $40,821
- Related: $0
- Other: $0
Where can I find the form 990 for Harold N & Thelma G Lenker Charitable Income Trust?
Harold N & Thelma G Lenker Charitable Income Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Harold N & Thelma G Lenker Charitable Income Trust
The Harold N & Thelma G Lenker Charitable Income Trust is established with a mission to offer financial support to various charitable organizations. This mission, as outlined in their will, dictates the trust's primary activity. In simpler terms, the trust is designed to aid and uplift the causes and initiatives of the specified charitable organizations. The trust does not specify the nature or number of organizations it intends to support, leaving room for flexibility and adaptability in its charitable endeavors.
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Impact
October, 2024
Harold N & Thelma G Lenker Charitable Income Trust plays a significant role in enhancing the well-being of the community through targeted financial support to various charitable organizations as specified in their will. By focusing on philanthropy, the trust helps sustain and advance initiatives that align with the values and intentions of its founders.
Based in Pottsville, PA, the trust provides essential funding to organizations that address diverse needs, fostering social betterment and improving quality of life for residents. The trust’s commitment to supporting designated charities ensures that resources are allocated effectively to further meaningful projects and services in the area. This impact is felt across various sectors, reinforcing the importance of community engagement and philanthropy in creating a positive societal influence.
This information is meant to be a general summary of Harold N & Thelma G Lenker Charitable Income 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 2024.
- Investment Income: $128,863
- Gross Receipts: $214,245
Assets and Liabilities:
- Total Assets: $3,806,739
- Total Liabilities: $0
- Net Assets: $3,806,739
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Organization Details
Founding Year
2003
NTEE Category
Code: T220 - Philanthropy
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