Overview
What is Ellis Acres Park Inc?
Ellis Acres Park Inc is a nonprofit organization that transforms a former school property into a park. Their mission extends beyond just creating a park; they also work on improving the old school building and preserving its history through oral stories. This initiative aims to provide a new recreational space for the community while maintaining a connection to its past.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Ellis Acres Park Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The charity's overall score is solely based on the Accountability & Finance category, where it achieved a score of 50%. This score reflects a lack of independent board members and missing essential governance documents, which are critical for transparency and accountability.
The organization did excel in some financial metrics, reporting a high program expense ratio of 97.68%, suggesting that it allocates a significant portion of its resources towards its charitable programs. Additionally, it has demonstrated a low liabilities to assets ratio of 0.00%, indicating a strong financial position in terms of asset management. However, the absence of a conflict of interest policy and other foundational governance documents undermines its overall rating.
Overall, while Ellis Acres Park Inc shows promise with its financial allocation towards programs, the glaring deficiencies in governance practices and transparency raise concerns for potential donors and stakeholders. Addressing these issues will be crucial for improving its rating and enhancing trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Ellis Acres Park Inc legitimate?
Ellis Acres Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ellis Acres Park 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ellis Acres Park Inc?
Ellis Acres Park Inc's mission revolves around transforming a former school property into a park. They aim to not only develop the park but also refurbish the old school building. Furthermore, Ellis Acres Park Inc is committed to preserving the area's history through oral history development. This endeavor is a testament to their dedication to revitalizing the space while maintaining its historical significance.
Who is the CEO of Ellis Acres Park Inc?
Unavailable
What is the revenue of Ellis Acres Park Inc?
Ellis Acres Park Inc's revenue in 2022 was $53,342.
Who are the executives of Ellis Acres Park Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ellis Acres Park Inc?
Ellis Acres Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ellis Acres Park Inc
Ellis Acres Park Inc, a nonprofit organization, is committed to transforming a former school property into a vibrant park. Beyond just developing the park, this organization also focuses on enhancing the old school building and preserving its history. To achieve this, Ellis Acres Park Inc endeavors to gather and share oral histories associated with the site. By doing so, the organization aims to honor the past while creating a welcoming and engaging space for the community.
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Impact
August, 2024
Ellis Acres Park Inc's impact lies in the transformation of a former school property into a recreational park that serves the community of Dillwyn, Virginia. By revitalizing the old school building and creating a space for outdoor activities, Ellis Acres Park Inc has provided a valuable resource for local residents to enjoy. Additionally, their work in developing oral history adds a cultural and historical aspect to the park, enriching the community's understanding of its past. Through their efforts, Ellis Acres Park Inc contributes to the well-being and quality of life of those in Dillwyn.
This information is meant to be a general summary of Ellis Acres Park 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.
- Investment Income: $6
- Gross Receipts: $53,342
Assets and Liabilities:
- Total Assets: $452,655
- Total Liabilities: $0
- Net Assets: $452,655
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Organization Details
Founding Year
2008
Phone
(434) 983-9418Main Address
PO Box 111, Dillwyn, VA, 23936
NTEE Category
Code: N32 - Recreation
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