Overview
What is Des Moines Heritage Trust?
Des Moines Heritage Trust is a dedicated nonprofit organization situated in Des Moines, Iowa, specifically at 120 5th Street. Their primary mission is to preserve historical properties by renovating them into historic and community centers. This endeavor aims to safeguard the properties' heritage for the benefit of the Des Moines community and future generations. The organization rents out the renovated spaces at cost to various community organizations that share charitable, educational, and social welfare objectives. This approach enables the preservation of historical sites while promoting community engagement and development.
Official website here: www.desmoinesheritagetrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Des Moines Heritage Trust has achieved an outstanding 100% rating on Charity Navigator, which reflects its strong commitment to accountability and financial health. The organization is noted for having an independent board, with all ten members being independent, and shows no material diversion of assets, indicating a high level of trustworthiness and integrity in its operations.
Significant strengths include a very high program expense ratio of 96.45%, indicating that a large portion of its resources is directly utilized for its charitable programs. The organization also demonstrates transparency by maintaining policies on conflict of interest, whistleblower protections, and document retention, all of which contribute to its overall strong governance.
While the rating showcases exemplary performance, it is essential for potential supporters to continue monitoring any future reports or updates to ensure the organization maintains its high standards. Overall, the Des Moines Heritage Trust's strong financial practices and governance make it a commendable choice for donors looking to support a reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Des Moines Heritage Trust legitimate?
Des Moines Heritage Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Des Moines Heritage 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:
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Official website here: www.desmoinesheritagetrust.org
What is the mission statement of Des Moines Heritage Trust?
The Des Moines Heritage Trust's mission is centered around preserving historical properties for the benefit of the community. They achieve this by purchasing and renovating these properties, transforming them into historic and community centers. This endeavor ensures that the properties' history is preserved for future generations to appreciate. The refurbished spaces are then rented out at cost to community organizations that align with charitable, educational, and social welfare objectives.
Official website here: www.desmoinesheritagetrust.org
Who is the CEO of Des Moines Heritage Trust?
Tim R Waddell is the Chair of Des Moines Heritage Trust.
Official website here: www.desmoinesheritagetrust.org
What is the revenue of Des Moines Heritage Trust?
Des Moines Heritage Trust's revenue in 2022 was $21,863.
Official website here: www.desmoinesheritagetrust.org
Who are the executives of Des Moines Heritage Trust and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.desmoinesheritagetrust.org
Where can I find the form 990 for Des Moines Heritage Trust?
Des Moines Heritage Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desmoinesheritagetrust.org
Learn more at the official website: www.desmoinesheritagetrust.org
Mission Statement of Des Moines Heritage Trust
Des Moines Heritage Trust is committed to preserving the rich history of its community for future generations. To accomplish this, the organization purchases and restores historic properties, transforming them into both historic and community centers. By doing so, these landmarks are not only preserved but also repurposed to serve the community's needs. The trust then rents out space in these restored properties to organizations that promote charitable, educational, and social welfare goals at a reasonable cost. This strategy enables the Des Moines Heritage Trust to contribute to the community's cultural and social fabric while ensuring that historic properties remain an integral part of the city's heritage.
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Impact
August, 2024
Des Moines Heritage Trust has significantly impacted the Des Moines community by purchasing and renovating historic properties into historic and community centers. This initiative preserves the properties' history for current residents and future generations to enjoy. Additionally, the Trust rents out space at cost to community organizations that promote charitable, educational, and social welfare goals, further contributing to the local community's well-being.
This information is meant to be a general summary of Des Moines Heritage 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 2022.
- Investment Income: $127
- Program Service Revenue: $487
- Gross Receipts: $21,863
Assets and Liabilities:
- Total Assets: $34,218
- Total Liabilities: $0
- Net Assets: $34,218
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DMHC services
Revenue
$487
Organization Details
Founding Year
2016
Principal Officer
Tim R Waddell
Main Address
120 5th Street, Des Moines, IA, 50309
NTEE Category
Code: A54 - Arts
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