Overview
What is Hershey Charitable Trust?
Hershey Charitable Trust is a nonprofit organization based in Denver, Colorado. Its primary mission is to offer financial assistance to individuals who have been members of a local Zonta club for over a decade or have been current Zonta members for more than five years, and fall under the category of 'elderly, ill, or needy.' Due to not finding suitable recipients during the year, the trust has set aside the scholarship funds to be transferred to Metropolitan State University for use in providing scholarships. The trust operates with a restricted net asset until it is utilized.
Official website here: www.zontadenver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Hershey Charitable Trust has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of financial health and accountability. This rating is based entirely on the Accountability & Finance beacon, which highlights the organization's strength in maintaining an independent board and managing its assets without any material diversions. The trust scored perfectly in areas such as board independence and the liabilities to assets ratio, reflecting strong financial integrity.
However, the organization has notable gaps in its governance practices. Specifically, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are all critical for transparency and ethical operations. These omissions contributed to lower scores in those particular categories, suggesting areas for improvement in governance.
Overall, while the Hershey Charitable Trust demonstrates commendable fiscal responsibility and a commitment to its programs, addressing the governance policy gaps could enhance its accountability and potentially improve its overall rating in the future. The organization shows promise but would benefit from bolstering its operational policies to ensure comprehensive oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Hershey Charitable Trust legitimate?
Hershey Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hershey Charitable 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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For more financial information, click here
Official website here: www.zontadenver.org
What is the mission statement of Hershey Charitable Trust?
The Hershey Charitable Trust's mission is centered around providing financial assistance to elderly, ill, and needy individuals who have been active members of a local Zonta club for over ten years, or current Zonta members with a membership of more than five years. The primary objective of this trust is to offer financial aid to these individuals in need. However, due to a lack of identified recipients during the year, the designated scholarship amount has been set aside to be transferred to an alternate beneficiary, Metropolitan State University, for use in scholarship programs. This fund is being held as a restricted net asset, awaiting its utilization.
Official website here: www.zontadenver.org
Who is the CEO of Hershey Charitable Trust?
Dawn Bali is the President of Hershey Charitable Trust.
Official website here: www.zontadenver.org
What is the revenue of Hershey Charitable Trust?
Hershey Charitable Trust's revenue in 2022 was $15,641.
Official website here: www.zontadenver.org
Who are the executives of Hershey Charitable Trust and what are their salaries?
Here are 10 key members and their salaries:
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Official website here: www.zontadenver.org
Where can I find the form 990 for Hershey Charitable Trust?
Hershey Charitable Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zontadenver.org
Learn more at the official website: www.zontadenver.org
Mission Statement of Hershey Charitable Trust
The Hershey Charitable Trust is an organization committed to providing financial assistance to individuals in need. More specifically, it targets elderly, ill, and financially struggling individuals who have been members of a local Zonta club for over ten years, or current Zonta members who have been members for over five years. The primary objective of the Hershey Charitable Trust is to offer financial aid to these eligible individuals. However, in a recent year, no individuals fitting this category were identified. As a result, the designated scholarship amount was set aside to be transferred to an alternate beneficiary, Metropolitan State University, for use in granting scholarships. This sum is being held as a restricted net asset until it is utilized.
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Impact
October, 2024
The Hershey Charitable Trust has a focused mission of providing financial assistance to elderly, ill, and needy individuals who have long-standing ties to local Zonta Clubs. This commitment supports those who have been club members for over ten years, as well as current members with a minimum of five years of membership.
In instances where no eligible individuals are identified within this demographic, the Trust adapts its approach by reallocating scholarship funds to benefit students at Metropolitan State University. This investment in education through scholarships ensures that resources are utilized effectively, affirming the Trust's commitment to community empowerment and support beyond its primary objective.
By facilitating financial assistance and scholarships, the Hershey Charitable Trust plays a significant role in enhancing the lives of individuals and supporting educational opportunities in Denver, CO.
This information is meant to be a general summary of Hershey Charitable 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: $15,641
- Gross Receipts: $15,641
Assets and Liabilities:
- Total Assets: $612,778
- Total Liabilities: $0
- Net Assets: $612,778
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Organization Details
Principal Officer
Dawn Bali
Main Address
PO BOX 2665, DENVER, CO, 80201
Website
www.zontadenver.orgNTEE Category
Code: T00 - Philanthropy
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