Overview
What is Texas Cultural Trust Council?
The Texas Cultural Trust Council is a dedicated nonprofit organization situated in Texas. Their primary focus lies in enhancing public awareness and fostering support for the arts within the state. They achieve this by soliciting contributions from various sources, such as corporations, foundations, and the general public. Their mission extends beyond mere promotion; it aims to improve the standard of public education and stimulate economic growth through strategic public arts funding. The council also actively raises funds to support their objectives.
Official website here: www.txculturaltrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Texas Cultural Trust Council has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. A score of 94% indicates a high level of transparency and effective governance, with 100% of its board members being independent. The organization excels in various metrics, including a perfect score for its audit and oversight committee, and maintains a solid financial position with a liabilities to assets ratio of just 6.41%.
The Trust Council demonstrates a commitment to responsible financial management, as evidenced by its impressive fundraising efficiency ratio of $0.05, meaning it spends very little to raise funds. Additionally, the organization allocates a significant portion of its budget to program expenses, although the program expense ratio of 65.44% may suggest room for improvement in this area. Overall, its policies on conflict of interest, whistleblower protection, and document retention are well-established and documented.
Despite its strengths, the organization should continue to focus on enhancing its program expense ratio to ensure that a greater share of its resources directly benefits its mission. Nevertheless, the Texas Cultural Trust Council has proven itself as a financially sound and accountable nonprofit, worthy of support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Cultural Trust Council legitimate?
Texas Cultural Trust Council is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Cultural Trust Council 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: $207,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $326,171
For more financial information, click here
Official website here: www.txculturaltrust.org
What is the mission statement of Texas Cultural Trust Council?
The Texas Cultural Trust Council's mission is centered around enhancing public education and fostering economic growth. They achieve this by developing services and securing financial support from various sources, including corporations, foundations, and the public. This support is primarily aimed at promoting arts in Texas. Their mission also includes funding public arts, which serves as a catalyst for this goal. The organization's activities are primarily focused on increasing awareness and support for the arts, ultimately contributing to the betterment of Texas's educational and economic landscape.
Official website here: www.txculturaltrust.org
Who is the CEO of Texas Cultural Trust Council?
Heidi M Smith is the Chair of Texas Cultural Trust Council.
Official website here: www.txculturaltrust.org
What is the revenue of Texas Cultural Trust Council?
Texas Cultural Trust Council's revenue in 2022 was $1,761,025.
Official website here: www.txculturaltrust.org
Who are the executives of Texas Cultural Trust Council and what are their salaries?
The average compensation at Texas Cultural Trust Council during 2022 was $41,052. There are 13 employees and 40 volunteers at Texas Cultural Trust Council.
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Official website here: www.txculturaltrust.org
Where can I find the form 990 for Texas Cultural Trust Council?
Texas Cultural Trust Council's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.txculturaltrust.org
Learn more at the official website: www.txculturaltrust.org
Mission Statement of Texas Cultural Trust Council
The Texas Cultural Trust Council, a dedicated nonprofit organization, is committed to advancing public arts funding as a means to enhance the quality of public education and stimulate economic growth. Their mission involves creating and promoting services, while also soliciting contributions from various sources such as corporations, foundations, and the general public. By doing so, the Texas Cultural Trust Council aims to raise awareness and garner support for the arts in Texas, ultimately contributing to the betterment of the state's educational system and economic development.
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Impact
July, 2024
The Texas Cultural Trust Council's impact includes improving the quality of public education and stimulating economic growth through public arts funding. They work to increase awareness and support for the arts in Texas by developing services, soliciting contributions from corporations, foundations, and the public, and raising funds for this purpose. Their efforts contribute to a more vibrant arts scene in Texas and support the development of creative talent, ultimately benefiting communities across the state.
This information is meant to be a general summary of Texas Cultural Trust Council. 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: $84,147
- Program Service Revenue: $192,130
- Gross Receipts: $3,645,183
Assets and Liabilities:
- Total Assets: $6,702,014
- Total Liabilities: $943,368
- Net Assets: $5,758,646
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TX Women for the Arts
Revenue
$184,350
Partners in the Arts
Revenue
$7,780
Organization Details
Founding Year
1995
Phone
(512) 478-5289Principal Officer
Heidi M Smith
Main Address
901 S Mopac Expy Bldg 2, Austin, TX, 78746
Website
www.txculturaltrust.orgNTEE Category
Code: T99 - Philanthropy
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