Overview
What is Castle Alpha Tau Foundation?
The Castle Alpha Tau Foundation is a nonprofit organization situated in Troy, New York, specifically at 49 2nd Street. Its primary mission is to restore and preserve the historical significance of this building, which is registered with the New York State Historical Preservation registry. They have undertaken renovations and repairs, including exterior masonry work and interior historical restoration, amounting to over $83,000. In addition, the foundation engages in educational activities, hosting lectures and displays for local historical groups, and building cash reserves for future projects like re-roofing. By doing so, Castle Alpha Tau Foundation aims to promote historical preservation awareness within the community.
Official website here: www.castleatf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Castle Alpha Tau Foundation has received a solid rating of 86%, reflecting good accountability and financial health. The organization boasts a fully independent board, which is a strong indication of transparency and governance. Additionally, it shows a commendable program expense ratio of over 83%, suggesting that a significant portion of its funds is directed towards its mission-related programs.
However, there are some areas for improvement, particularly in governance practices. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are essential for maintaining operational integrity and protecting the organization and its members. These missing elements point to potential risks in terms of accountability, despite its overall commendable performance in other areas.
In summary, while Castle Alpha Tau Foundation demonstrates strong financial management and governance through its independent board and high program expenses, addressing the identified gaps in its policies could enhance its overall accountability and build further trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Castle Alpha Tau Foundation legitimate?
Castle Alpha Tau Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castle Alpha Tau Foundation 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.
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Official website here: www.castleatf.org
What is the mission statement of Castle Alpha Tau Foundation?
The Castle Alpha Tau Foundation is dedicated to renovating and preserving the historical significance of a specific building, commonly known as 49 Second Street, and registered with the New York State Historical Preservation registry. The organization aims to enhance historical preservation awareness within the community through educational programs that are open to the public. So far, they have invested over $83,000 in renovations and repairs to the historic structure, including exterior masonry work and interior historical restoration. Additionally, the foundation organizes events, historical lectures, and displays for local historical groups, and works on building cash reserves for future major projects, such as re-roofing.
Official website here: www.castleatf.org
Who is the CEO of Castle Alpha Tau Foundation?
Wyatt Nordstrom is the Principal Officer of Castle Alpha Tau Foundation.
Official website here: www.castleatf.org
What is the revenue of Castle Alpha Tau Foundation?
Castle Alpha Tau Foundation's revenue in 2022 was $162,591.
Official website here: www.castleatf.org
Who are the executives of Castle Alpha Tau Foundation and what are their salaries?
There 50 volunteers at Castle Alpha Tau Foundation.
Here are 10 key members and their salaries:
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Official website here: www.castleatf.org
Where can I find the form 990 for Castle Alpha Tau Foundation?
Castle Alpha Tau Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.castleatf.org
Learn more at the official website: www.castleatf.org
Mission Statement of Castle Alpha Tau Foundation
The Castle Alpha Tau Foundation is dedicated to preserving the historical and architectural significance of a building, commonly known as 49 Second Street, while also raising awareness for historical preservation within the community. To achieve this mission, the foundation has undertaken renovation and repair projects on the structure, investing over $83,000 in exterior masonry work and interior historical restoration. In addition to physical renovations, the Castle Alpha Tau Foundation has organized historical lectures, displays, and events for local historical groups, further promoting historical preservation education. The organization also seeks to secure financial reserves for future major projects, such as re-roofing, ensuring the long-term preservation of the building.
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Impact
October, 2024
Castle Alpha Tau Foundation has made a significant impact on preserving the architectural and historic integrity of 49 Second Street in Troy, NY. With over $83,000 dedicated to renovations and repairs, the Foundation has undertaken extensive work on both the building's exterior masonry and interior historical restoration, ensuring that this landmark maintains its civic and cultural significance.
The Foundation's efforts extend beyond physical renovation; it actively promotes historical preservation awareness within the community. Through educational programs, events, lectures, and displays, they engage local residents and historical groups, fostering a deeper appreciation for the region’s heritage.
By establishing cash reserves for future projects like re-roofing, the Foundation is committed to the long-term sustainability of this historic site. Overall, Castle Alpha Tau Foundation plays a crucial role in revitalizing and preserving Troy's architectural landscape while enriching the community's connection to its own history.
This information is meant to be a general summary of Castle Alpha Tau Foundation. 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: $1,490
- Gross Receipts: $192,631
Assets and Liabilities:
- Total Assets: $152,749
- Total Liabilities: $0
- Net Assets: $152,749
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Organization Details
Founding Year
2016
Phone
(919) 909-8010Principal Officer
Wyatt Nordstrom
Main Address
49 2nd Street, Troy, NY, 12180
Website
www.castleatf.orgNTEE Category
Code: A80 - Arts
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