Overview
What is Janet Johnston Housenick And William D Housenick Memorial Founda?
The Janet Johnston Housenick and William D. Housenick Memorial Foundation is a philanthropic organization based in Bethlehem, Pennsylvania. Established with the aim of promoting and preserving public parks, specifically the Janet Johnston Housenick and William D. Housenick Memorial Park and the County Park, the Foundation provides grants to Bethlehem Township in Northampton County, Pennsylvania. Additionally, they may extend grants to organizations that qualify as exempt under certain sections of the Internal Revenue Code. In 2018, the Foundation pledged 1.3 million dollars over ten years to fund the exterior renovation of a mansion, with the majority of the work completed by 2019. In 2019-2020, discussions were held with the Township to plan interior renovations of the mansion. The architect's report was delivered in December 2020, and the Foundation is currently engaged in discussions to commence the interior work.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star Rating. This rating reflects the charity's strong performance in the Accountability & Finance category, indicating effective financial management and transparency. The organization has achieved a high score in areas such as independent board governance and a favorable liabilities to assets ratio, showcasing a solid financial foundation.
Strengths of the Janet Johnston Housenick and William D Housenick Memorial Foundation include a fully independent board and a high program expense ratio, with 84.09% of its expenditures directed towards programs. This suggests a strong commitment to its mission and effective use of resources. Additionally, the charity has no recorded material diversion of assets, reinforcing its accountability.
However, there are notable limitations, such as the absence of a whistleblower policy and document retention and destruction policy, which could impact the organization's overall governance framework. While the charity excels in several areas, addressing these missing policies may enhance its accountability further and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Janet Johnston Housenick And William D Housenick Memorial Founda legitimate?
Janet Johnston Housenick And William D Housenick Memorial Founda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Janet Johnston Housenick And William D Housenick Memorial Founda 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: $13,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.none
What is the mission statement of Janet Johnston Housenick And William D Housenick Memorial Founda?
The Janet Johnston Housenick and William D. Housenick Memorial Foundation's primary purpose is to make grants to promote, protect, preserve, conserve, maintain, and enhance a specific park, referred to as the Memorial Park. This park is situated in Bethlehem Township, and a portion of it was previously gifted by Janet J. Housenick and William D. Housenick during their lifetimes. The foundation also aims to integrate this park with another public park, referred to as the County Park, to enhance their overall beauty for public enjoyment. Additionally, the foundation can extend its principal and income to organizations that qualify as exempt under specific Internal Revenue Code sections, with the purpose of promoting and protecting various causes.
Official website here: www.none
Who is the CEO of Janet Johnston Housenick And William D Housenick Memorial Founda?
William Leeson is the Vp & Sec of Janet Johnston Housenick And William D Housenick Memorial Founda.
Official website here: www.none
What is the revenue of Janet Johnston Housenick And William D Housenick Memorial Founda?
Janet Johnston Housenick And William D Housenick Memorial Founda's revenue in 2022 was $73,662.
Official website here: www.none
Who are the executives of Janet Johnston Housenick And William D Housenick Memorial Founda and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
- Compensation: $4,500
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Janet Johnston Housenick And William D Housenick Memorial Founda
The Janet Johnston Housenick and William D. Housenick Memorial Foundation exists with the primary goal of making grants to promote, protect, preserve, conserve, maintain, and enhance the Janet Johnston Housenick and William D. Housenick Memorial Park and the County Park, which were gifted by the Housenicks during their lifetimes. The foundation's mission also involves encouraging the integration of these two parks to enhance their overall beauty and enjoyment by the public. Additionally, under the will, the foundation's principal and income may be extended for grants to organizations that qualify as exempt under sections 170(C), 2055(A), and 2522(A) of the Internal Revenue Code of 1986, as amended, for the purposes of promoting, protecting, preserving, and conserving similar public parks. In summary, the foundation's mission revolves around supporting and improving public parks, with a focus on enhancing the beauty and public enjoyment of the Janet Johnston Housenick and William D. Housenick Memorial Park and the County Park.
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Impact
October, 2024
The Janet Johnston Housenick and William D Housenick Memorial Foundation plays a significant role in enhancing the local community through its dedicated efforts to maintain and improve the Janet Johnston Housenick and William D. Housenick Memorial Park and the surrounding County Park in Bethlehem Township, Pennsylvania. By making substantial grants, including a pledge of $1.3 million for the mansion's exterior renovation project, the Foundation has already facilitated vital upgrades that benefit residents and visitors alike.
In addition to the exterior renovations completed in 2019, the ongoing collaboration with local authorities to plan and fund interior updates demonstrates a commitment to preserving the cultural and historical significance of the parks. The Foundation's work not only improves the aesthetic appeal of these spaces but also ensures their integration for public enjoyment, thereby fostering community engagement and appreciation for nature.
By supporting outdoor spaces that encourage public gatherings and recreational activities, the Foundation significantly contributes to the well-being and quality of life for residents in the area. Its impact can be seen in the ongoing beautification and functionality of the parks, paving the way for future community events and eco-friendly initiatives.
This information is meant to be a general summary of Janet Johnston Housenick And William D Housenick Memorial Founda. 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: $73,662
- Gross Receipts: $329,505
Assets and Liabilities:
- Total Assets: $1,451,024
- Total Liabilities: $0
- Net Assets: $1,451,024
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Organization Details
Founding Year
2008
Phone
(610) 691-3320Principal Officer
William Leeson
Main Address
70 EAST BROAD STREET, BETHLEHEM, PA, 18018
Website
www.noneNTEE Category
Code: W123 - Public benefit
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