Overview
What is The Springs Improvement Society Inc?
The Springs Improvement Society Inc, established in New York in 1966, is a dedicated nonprofit organization. Their primary mission involves preserving and enhancing historical properties in The Springs community. They achieve this by organizing various fundraising events, the income from which is utilized for maintaining Ashawagh Hall, a hub for local events, and its surroundings. Additionally, the society allots funds for monument restorations, annually awards scholarships, and serves as a meeting place for local groups. Their activities are geared towards upholding the historical significance and beautifying the community of Springs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Springs Improvement Society Inc has received a low rating primarily due to its lack of accountability and transparency practices. While the organization boasts a fully independent board with no material diversion of assets, it fails to meet several key standards such as having a conflict of interest policy, a whistleblower policy, and proper financial document retention practices. These gaps significantly impact its overall score.
The charity's program expense ratio of 29.70% suggests that a relatively low portion of its budget is allocated towards its programs, which is a concern for potential donors who look for effective use of funds. Additionally, the liabilities to assets ratio is reported at 0.34%, indicating potential financial instability.
Despite the strengths of having a majority independent board and documented board meeting minutes, the absence of essential operational policies and low program spending highlight significant limitations that may deter support from the community and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Springs Improvement Society Inc legitimate?
The Springs Improvement Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Springs Improvement Society 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 The Springs Improvement Society Inc?
The Springs Improvement Society Inc, established in 1966, is a not-for-profit organization with a mission to preserve and enhance historical properties in an unspecified location. Their primary activities involve raising funds through various events. The earnings from these events are utilized for maintaining Ashawagh Hall, a community center, and its surrounding grounds. The society also funds monument restoration, awards annual scholarships, and serves as a meeting place for local groups. Their mission extends beyond property maintenance, as they also provide educational opportunities and support for the community.
What is the revenue of The Springs Improvement Society Inc?
The Springs Improvement Society Inc's revenue in 2024 was $82,962.
Who are the executives of The Springs Improvement Society Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for The Springs Improvement Society Inc?
The Springs Improvement Society Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Springs Improvement Society Inc
The Springs Improvement Society Inc, established in 1966, is a not-for-profit organization with a mission to preserve and enhance historical properties in an unspecified locale. The organization's primary activities involve raising funds through various events, which are then utilized for the maintenance and improvement of these historical properties. In addition to this, The Springs Improvement Society Inc also awards scholarships annually. Furthermore, Ashawagh Hall, operated by the organization, serves as a hub for community activities in the Springs. This center hosts a variety of events, sponsored and managed by the society itself, contributing to the upkeep of the hall and its surroundings. The organization also undertakes monument restoration projects and offers a venue for local groups to meet.
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Impact
August, 2024
The Springs Improvement Society Inc makes a significant impact by raising funds for the maintenance and improvement of historical properties in Springs, NY. These funds are also used to provide scholarships for the community and support various community activities. The organization plays a vital role in preserving local heritage, supporting education, and fostering community engagement. Its efforts contribute to the overall improvement and wellbeing of the Springs community.
This information is meant to be a general summary of The Springs Improvement Society 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 2024.
- Investment Income: $18
- Gross Receipts: $88,962
Assets and Liabilities:
- Total Assets: $347,574
- Total Liabilities: $1,205
- Net Assets: $346,369
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Organization Details
Principal Officer
Edward Michels
NTEE Category
Code: S00 - Community improvement
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