Overview
What is Aksarben Future Trust?
Aksarben Future Trust is a nonprofit organization situated in Omaha, Nebraska, with an address at 2285 South 67th Street 250. Their primary objective is to facilitate the development of certain real estate in Douglas County, Nebraska, thereby alleviating the responsibilities of local governments. By coordinating the development of land from a public charity perspective, they aim to contribute positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that Aksarben Future Trust has met basic accountability and financial standards but has significant areas for improvement. The score is based solely on accountability and finance, where it performed well in several areas, such as maintaining an independent board and having no material diversion of assets.
The organization excelled in independent board members, achieving full points in that category, and also showed a strong program expense ratio of 97.74%, indicating effective use of funds towards its mission. However, the nonprofit struggles with transparency and governance, as it lacks essential policies such as a conflict of interest policy and a whistleblower policy, resulting in zero points in those categories.
Additionally, Aksarben Future Trust's website is missing important documents, including tax forms, which detracts from its overall accountability. While the organization shows strengths in financial management, the lack of transparency raises concerns for potential donors who prioritize governance practices. Overall, improvements in these areas could enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Aksarben Future Trust legitimate?
Aksarben Future Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aksarben Future 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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Professional Fundraising Fees: $0
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What is the mission statement of Aksarben Future Trust?
Aksarben Future Trust was established with a mission to coordinate the development of certain real estate, acting as a public charity. This initiative aims to alleviate the burdens on local governments. The organization's primary objective is to manage the development of land in a manner that reduces the responsibilities and financial strain on local administrative bodies. This mission contributes to the efficient use of resources and the overall betterment of the community.
Who is the CEO of Aksarben Future Trust?
Kenneth Stinson is the Chairman of Aksarben Future Trust.
What is the revenue of Aksarben Future Trust?
Aksarben Future Trust's revenue in 2022 was $15,719.
Who are the executives of Aksarben Future Trust and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Aksarben Future Trust?
Aksarben Future Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aksarben Future Trust
Aksarben Future Trust, a public charity, is committed to coordinating the development of real estate with the aim of reducing the burdens on local governments. By managing the development of land, this nonprofit organization seeks to alleviate the pressures on local authorities, thereby contributing positively to its community. The mission of Aksarben Future Trust is rooted in its dedication to enhancing the overall welfare of its community by managing the development of real estate in a coordinated manner, thereby lessening the responsibilities of local governments.
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Impact
August, 2024
Aksarben Future Trust's impact lies in its efforts to coordinate the development of certain real estate in Douglas County, Nebraska, with the aim of lessening the burdens of local government. By taking on this responsibility, the organization contributes to the efficient and effective use of land resources for recreational purposes in the city of Omaha. Through its mission to coordinate the development of real estate as a public charity, Aksarben Future Trust plays a crucial role in supporting the local community and enhancing recreational opportunities for residents.
This information is meant to be a general summary of Aksarben Future 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.
- Program Service Revenue: $15,719
- Gross Receipts: $15,719
Assets and Liabilities:
- Total Assets: $2,600,923
- Total Liabilities: $15,000
- Net Assets: $2,585,923
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT REIMBURSEM
Revenue
$15,719
Organization Details
Founding Year
1997
Phone
(402) 697-8000Principal Officer
Kenneth Stinson
Main Address
2285 SOUTH 67TH STREET 250, OMAHA, NE, 68106
NTEE Category
Code: N30 - Recreation
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