Overview
What is South Lake Preserve Inc?
South Lake Preserve Inc, located at 12155 Monnie Ave, Conneaut Lake, PA, is a nonprofit organization dedicated to enhancing the natural beauty of Conneaut Lake. Their mission is to establish a public park area near the historic site of ice houses, preserving the lake's unique qualities for the enjoyment of residents and tourists alike. To achieve this, they provide dock rentals to the general public. The organization aims to make the park a permanent part of the town, ensuring perpetual access for all to appreciate the lake's charm. With a small team of one dedicated individual, South Lake Preserve Inc works tirelessly to create a welcoming and picturesque environment for everyone to enjoy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
South Lake Preserve Inc received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. The overall score of 70% reflects strengths in governance, such as having an independent board and no material diversion of assets, which are important for accountability and transparency. The organization also maintains a good liabilities-to-assets ratio and a decent program expense ratio, indicating effective financial management.
However, there are significant limitations that have impacted the organization's rating. Key policies such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, which raises concerns about governance practices. Additionally, the nonprofit fails to provide its tax form on its website, which diminishes transparency and accessibility for potential donors and stakeholders.
Overall, while South Lake Preserve Inc demonstrates some strong financial indicators, the absence of essential policies and documentation leads to a lower rating. Addressing these gaps could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Lake Preserve Inc legitimate?
South Lake Preserve Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Lake Preserve 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: $1,838
For more financial information, click here
What is the mission statement of South Lake Preserve Inc?
The mission of South Lake Preserve Inc is to establish a public park area near an historic site of ice houses, enhancing the beauty of the lake and reflecting its unique qualities. This park is intended to become a permanent part of the town, ensuring continuous enjoyment by both residents and tourists alike. The organization aims to promote and support this mission by offering dock rentals to the public, contributing to the overall development and maintenance of the park.
Who is the CEO of South Lake Preserve Inc?
Jeffrey Millin is the Past President of South Lake Preserve Inc.
What is the revenue of South Lake Preserve Inc?
South Lake Preserve Inc's revenue in 2022 was $124,698.
Who are the executives of South Lake Preserve Inc and what are their salaries?
The average compensation at South Lake Preserve Inc during 2022 was $1,838. There is 1 employee at South Lake Preserve Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for South Lake Preserve Inc?
South Lake Preserve Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South Lake Preserve Inc
South Lake Preserve Inc, a nonprofit organization, aims to create a public park area near a historic site of ice houses on Conneaut Lake. Their mission is to enhance the lake's unique qualities and establish a permanent park that offers continuous enjoyment for town residents and tourists alike. By developing this park, South Lake Preserve Inc seeks to add to the town's beauty, reflecting the lake's distinct attributes in a setting that is both captivating and enduring. Through their efforts, they hope to ensure that the park becomes an integral part of the town, providing a space for recreation and relaxation for all. In addition to creating the park, South Lake Preserve Inc also provides dock rentals to the general public, further contributing to the lake's appeal and promoting its use for leisure activities.
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Impact
June, 2024
South Lake Preserve Inc has had a significant impact in creating a public park area near the historic site of ice houses on Conneaut Lake. By enhancing the beauty of the lake in a setting that reflects its unique qualities, the organization has provided a permanent space for town residents and tourists to enjoy. Additionally, through initiatives like providing dock rentals to the general public, South Lake Preserve Inc has contributed to the preservation and promotion of the natural environment in Conneaut Lake, PA.
This information is meant to be a general summary of South Lake Preserve 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: $89
- Program Service Revenue: $43,275
- Gross Receipts: $124,698
Assets and Liabilities:
- Total Assets: $1,746,746
- Total Liabilities: $0
- Net Assets: $1,746,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC DOCK RENTALS
Revenue
$43,275
Organization Details
Founding Year
2007
Phone
(814) 382-3688Principal Officer
Jeffrey Millin
Main Address
12155 MONNIE AVE, CONNEAUT LAKE, PA, 16316
NTEE Category
Code: C27 - Environment
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