Overview
What is Treasures Of History Inc?
Treasures of History Inc is a nonprofit organization based in Atlanta, Georgia, with a specific focus on supporting Roman Catholic organizations that prioritize the preservation and enhancement of historically significant artifacts and documents related to the Catholic Church. Their mission encompasses aspects of universal governance, diplomacy, and related writings, in addition to other religious purposes approved by their Board of Directors. The organization serves as a conduit for financial contributions, aiming to advance these religious and historical pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Treasures Of History Inc has received a two-star rating from Charity Navigator, indicating the organization has notable areas for improvement, particularly in governance and financial transparency. The charity scored 67% overall, with significant weaknesses identified in its accountability practices. Notably, there are no independent board members, and several key policies related to conflict of interest and document retention are missing, which are essential for effective oversight.
The organization does show strength in its program expense ratio, which is exceptionally high at 97.23%, suggesting that the majority of its funds are directed towards its mission-related activities. Additionally, its liabilities to assets ratio stands at an impressive 0.00%, indicating a strong financial position in terms of debt management. However, the lack of a website listed on the tax form and the absence of publicly available financial documents is concerning for potential donors seeking transparency.
While Treasures Of History Inc demonstrates a commitment to its programs, the overall lack of governance structures and financial disclosure raises caution. Potential supporters should consider these factors when evaluating their contributions, as improving accountability and financial practices could enhance the charity's credibility and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Treasures Of History Inc legitimate?
Treasures Of History Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Treasures Of History 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.
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What is the mission statement of Treasures Of History Inc?
Treasures Of History Inc is dedicated to supporting Roman Catholic organizations that meet certain criteria. These organizations are required to be exclusively religious and focused on collecting, preserving, and studying historically significant artifacts or documents related to the Catholic Church. The collection encompasses aspects of universal governance, diplomacy, and related writings, with additional religious purposes approved by the organization's board of directors. The purpose of Treasures Of History Inc is to allocate contributions to these eligible organizations, aiming to support and enhance their missions.
Who is the CEO of Treasures Of History Inc?
Michael Hayde is the President of Treasures Of History Inc.
What is the revenue of Treasures Of History Inc?
Treasures Of History Inc's revenue in 2022 was $5,257,225.
Who are the executives of Treasures Of History Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Treasures Of History Inc?
Treasures Of History Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Treasures Of History Inc
Treasures of History Inc is a nonprofit organization with a distinctive mission. Its primary purpose is to gather and distribute contributions to any Roman Catholic organizations that meet specific criteria. These organizations must be operating exclusively for religious purposes, as defined by the Internal Revenue Code Section 501(c)(3), and must be committed to the preservation and enhancement of historically significant artifacts or documents related to the Catholic Church. The focus of these artifacts and documents extends beyond the church itself, encompassing aspects of universal governance, diplomacy, and related writings. The Board of Directors has the authority to approve other religious purposes that align with Treasures of History Inc's mission. This organization's mission is to support and promote the collection, organization, and study of these historically significant religious artifacts and documents, aiming to contribute to their preservation and enhancement.
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Impact
July, 2024
Treasures of History Inc has made a significant impact through its support of the Vatican Apostolic Archives in their storage annex project. By providing grants for this initiative, the organization has played a crucial role in preserving and enhancing historically significant artifacts and documents related to the Catholic Church. This support contributes to the collection, organization, and study of materials that shed light on aspects of universal governance, diplomacy, and religious writings. Through its focused mission and strategic grant-making, Treasures of History Inc is actively contributing to the preservation of valuable historical resources for future generations.
This information is meant to be a general summary of Treasures Of History 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 2022.
- Gross Receipts: $5,257,225
Assets and Liabilities:
- Total Assets: $5,373,505
- Total Liabilities: $0
- Net Assets: $5,373,505
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Organization Details
Founding Year
2020
Phone
(404) 550-7961Principal Officer
Michael Hayde
Main Address
FIVE CONCOURSE PARKWAY 200, ATLANTA, GA, 30328
NTEE Category
Code: X22 - Religion related
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