Overview
What is Park Acquisition Corporation?
The Park Acquisition Corporation is a nonprofit organization based in Woodville, Mississippi. Their primary mission is to enhance recreational activities and stimulate economic growth within Wilkinson County, MS. By taking on various projects, they aim to alleviate some of the government's responsibilities in this area, focusing on improving recreational facilities and fostering a more prosperous local economy. The organization's work is geared towards benefiting the citizens of Wilkinson County and promoting a better quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating.
Park Acquisition Corporation has received a moderate rating of 63%, indicating some strengths in its operations but also notable areas of concern. The organization has a fully independent board, which is a positive sign for accountability. However, there are significant shortcomings in governance and transparency, as reflected in their low scores for having an independent board size, conflict of interest policy, and essential operational policies.
The financial metrics show a strong program expense ratio and a favorable liabilities to assets ratio, suggesting that the organization allocates a good portion of its resources towards its mission. Despite these strengths, the lack of transparency, demonstrated by the absence of key documents on its website and poor governance policies, raises questions about its accountability practices. Overall, while there are positive aspects to its financial management, the organization needs to improve its governance and transparency to enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Park Acquisition Corporation legitimate?
Park Acquisition Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Acquisition Corporation 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
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What is the mission statement of Park Acquisition Corporation?
Park Acquisition Corporation's mission is geared towards enhancing recreational activities and promoting economic growth. Specifically, the organization aims to alleviate the burden on the local government by taking on activities that will improve recreational facilities and boost the economy. One of their main projects involves the operation and continuous improvement of a recreational park, which is designed to benefit the local community and stimulate economic development in the area.
Who is the CEO of Park Acquisition Corporation?
Edward D Anthony Jr is the President of Park Acquisition Corporation.
What is the revenue of Park Acquisition Corporation?
Park Acquisition Corporation's revenue in 2022 was $69,361.
Who are the executives of Park Acquisition Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Park Acquisition Corporation?
Park Acquisition Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Acquisition Corporation
The Park Acquisition Corporation, a dedicated organization, is committed to enhancing recreational activities and stimulating economic growth. The mission of this corporation is to alleviate the burden on the government by assuming responsibilities that will improve recreational activities and boost the economy. The primary objective is to oversee and continuously improve a recreational park, with the ultimate goal of benefiting the citizens of the community and promoting economic growth in the area.
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Impact
June, 2024
Park Acquisition Corporation's impact can be seen in the significant improvement of recreational activities in Wilkinson County, MS, as well as the boost to the local economy in the area. By operating and continuously enhancing a recreational park, the organization has directly benefited the citizens of Wilkinson County by providing them with recreational opportunities and facilities. Additionally, their efforts have contributed to encouraging economic growth in the region, ultimately lessening the burden on the local government. Overall, Park Acquisition Corporation's work has had a positive impact on the community, promoting outdoor activities and fostering economic development in Wilkinson County, MS.
This information is meant to be a general summary of Park Acquisition Corporation. 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: $46,190
- Gross Receipts: $69,361
Assets and Liabilities:
- Total Assets: $2,192,750
- Total Liabilities: $3,662
- Net Assets: $2,189,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKS FEES AND RENTALS
Revenue
$46,190
Organization Details
Founding Year
2002
Phone
(601) 888-4253Principal Officer
Edward D Anthony Jr
Main Address
POST OFFICE BOX 1918, WOODVILLE, MS, 396691918
NTEE Category
Code: C50 - Environment
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