Overview
What is Tesh Wickard Endowment Inc?
Tesh Wickard Endowment Inc is a nonprofit organization situated in Nashville, Indiana, with its postal address at 205 Locust Lane, PO Box 8, 47448. The primary purpose of this organization is to carry out the wishes of the late Tesh Wickard by administering a bequest from his estate, as outlined in his will. The endowment's activities primarily focus on capital expenditures and ensuring adequate insurance coverage for its directors and officers. The organization's work is solely dedicated to this purpose, without any additional missions or activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Tesh Wickard Endowment Inc has achieved an impressive score of 94%, reflecting strong accountability and financial health. This rating signifies the organization's commitment to transparency and effective governance, with a fully independent board comprised of four members. Their policies on conflict of interest, whistleblowing, and document retention are all established and well-documented, further supporting their accountability framework.
Financially, the endowment demonstrates a robust program expense ratio of nearly 79%, indicating that a significant majority of their resources are directed towards their programs rather than administrative costs. Additionally, the organization shows no liabilities in relation to its assets, highlighting a solid financial footing. These strengths contribute to the charity's overall effectiveness and reliability in fulfilling its mission.
While the organization excels in various aspects of governance and financial management, continuous monitoring of their operational impact and program outcomes would be beneficial. This would not only enhance transparency but also reinforce donor confidence in the charity's long-term effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Tesh Wickard Endowment Inc legitimate?
Tesh Wickard Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tesh Wickard Endowment Inc 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: $4,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tesh Wickard Endowment Inc?
Tesh Wickard Endowment Inc's primary mission is to manage a bequest from the estate of Tesh Wickard, in accordance with the terms of his will. This organization is responsible for overseeing the allocation of these funds for capital expenditures and providing necessary insurance coverage for its directors and officers. The endowment does not have a broader public mission or focus on specific causes or communities, as its main purpose is to administer the bequest according to the deceased's wishes.
What is the revenue of Tesh Wickard Endowment Inc?
Tesh Wickard Endowment Inc's revenue in 2024 was $299,218.
Who are the executives of Tesh Wickard Endowment Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tesh Wickard Endowment Inc?
Tesh Wickard Endowment Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Tesh Wickard Endowment Inc
Tesh Wickard Endowment Inc, as per its mission, is tasked with managing a bequest left in the will of Tesh Wickard. This endowment's primary objective is to administer the funds according to the specific terms outlined in Mr. Wickard's will. The endowment's activities primarily focus on capital expenditures and providing insurance coverage for its directors and officers. This organization's role is crucial in ensuring that the bequest's intentions are carried out faithfully and efficiently, thereby honoring the legacy of Tesh Wickard.
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Impact
October, 2024
Tesh Wickard Endowment Inc plays a crucial role in managing and administering the bequest from the estate of Tesh Wickard, ensuring that the funds are utilized effectively for capital expenditures and for providing insurance for directors and officers. The organization not only facilitates the allocation of financial resources but also aligns with a mission focused on supporting educational initiatives. By overseeing the execution of the bequest under the terms of the will, the endowment contributes to the enhancement of educational opportunities within the community, fostering growth and development in Nashville, IN. Through responsible stewardship of its assets, Tesh Wickard Endowment Inc impacts the local landscape, providing support that can lead to meaningful educational advancements.
This information is meant to be a general summary of Tesh Wickard Endowment Inc. 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: $76,668
- Gross Receipts: $831,389
Assets and Liabilities:
- Total Assets: $2,442,064
- Total Liabilities: $0
- Net Assets: $2,442,064
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Organization Details
Founding Year
2016
NTEE Category
Code: B19 - Education
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