Overview
What is Ragged Mountain Rec Area Foundation?
The Ragged Mountain Rec Area Foundation is a nonprofit organization situated in Camden, Maine. Its primary focus is to support and enhance the Camden Snow Bowl, a winter sports facility owned by the town. The foundation aims to establish and maintain an endowment fund, drawing income to assist the Camden Snow Bowl. Additionally, they raise funds for designated capital projects and campaigns to bolster the Ragged Mountain Recreation Area and the Camden Snow Bowl as required. This support includes purchasing snow-making equipment, lift equipment, trail work, and redevelopment costs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star Rating
The Ragged Mountain Rec Area Foundation has received a score of 70%, placing it in the Two-Star category. This rating reflects an average level of accountability and financial health. Strengths include a fully independent board and a solid liabilities to assets ratio, indicating sound financial management in terms of assets versus obligations.
However, the organization has several notable weaknesses that impact its overall rating. It scored zero points in critical governance areas such as having a conflict of interest policy, a whistleblower policy, and documentation practices related to board meeting minutes. Additionally, the absence of its website on the tax form and lack of transparency in posting tax documents on its website further detract from its accountability.
These limitations suggest a need for improvement in governance and transparency practices to enhance public trust and ensure organizational effectiveness. The foundation may benefit from addressing these issues to elevate its rating and strengthen its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Ragged Mountain Rec Area Foundation legitimate?
Ragged Mountain Rec Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ragged Mountain Rec Area 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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What is the mission statement of Ragged Mountain Rec Area Foundation?
The Ragged Mountain Rec Area Foundation's primary mission is to establish and maintain an endowment fund. The income generated from this endowment is intended to aid the public facility known as the Camden Snow Bowl. Additionally, the foundation raises funds for designated capital projects and campaigns to support the Ragged Mountain Recreation Area and the Camden Snow Bowl as necessary. The organization's goal is to ensure the continued operation and improvement of these facilities for public use.
Who is the CEO of Ragged Mountain Rec Area Foundation?
Robert Gordon is the President of Ragged Mountain Rec Area Foundation.
What is the revenue of Ragged Mountain Rec Area Foundation?
Ragged Mountain Rec Area Foundation's revenue in 2022 was $19,348.
Who are the executives of Ragged Mountain Rec Area Foundation and what are their salaries?
There 25 volunteers at Ragged Mountain Rec Area Foundation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Ragged Mountain Rec Area Foundation?
Ragged Mountain Rec Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ragged Mountain Rec Area Foundation
The Ragged Mountain Rec Area Foundation, in its mission, aims to establish and maintain an endowment fund. This fund serves as a source of income, primarily used to assist the public facility known as the Camden Snow Bowl. Beyond this, the organization also raises funds for designated capital projects and campaigns. These initiatives are intended to support both the Ragged Mountain Recreation Area and the Camden Snow Bowl, ensuring their continued operation and development as needed. The primary goal of the foundation is to contribute to the preservation and enhancement of these recreational facilities.
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Impact
August, 2024
Ragged Mountain Rec Area Foundation's impact is primarily focused on supporting the Camden Snow Bowl, a public winter sports facility in Camden, Maine. The organization works to establish and maintain an endowment fund to assist the Snow Bowl, raising funds for designated capital projects and campaigns as needed. Through contributions of cash and equipment, the foundation has helped with the purchase of snowmaking equipment, ski lift equipment, trail work, and redevelopment costs at the Camden Snow Bowl. In doing so, Ragged Mountain Rec Area Foundation plays a crucial role in sustaining and enhancing recreational opportunities at the Ragged Mountain Recreation Area for the benefit of the community.
This information is meant to be a general summary of Ragged Mountain Rec Area 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: $19,043
- Gross Receipts: $19,348
Assets and Liabilities:
- Total Assets: $1,263,361
- Total Liabilities: $0
- Net Assets: $1,263,361
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Organization Details
Founding Year
1991
Phone
(207) 236-0734Principal Officer
Robert Gordon
Main Address
PO Box 438, Camden, ME, 04843
NTEE Category
Code: N113 - Recreation
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