Overview
What is The Lutheran Park Corporation Inc?
The Lutheran Park Corporation Inc, situated in Fort Wayne, Indiana, is a nonprofit organization with a mission to promote religious, charitable, scientific, literacy, and educational projects. Its primary objective is to establish, maintain, and operate a neighborhood park, known as Lutheran Park and Gardens, covering approximately twelve acres. The corporation also leases the park and the building within it to organizations that meet specific criteria, including being tax-exempt and operating for religious, charitable, scientific, literacy, or educational purposes. Furthermore, The Lutheran Park Corporation Inc contributes to similar organizations to support their initiatives. This organization's activities are centered around community development, education, and charitable support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Lutheran Park Corporation Inc has achieved an impressive Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, which reflect its commitment to transparency and responsible financial management.
Noteworthy strengths include a 100% independent board, regular documentation of board meeting minutes, and adherence to key policies such as conflict of interest and whistleblower protections. The organization also maintains a remarkable program expense ratio of 91.23%, indicating that the vast majority of its expenditures directly support its charitable mission.
Despite its strong performance, the nonprofit should continue to monitor financial practices and maintain high standards of governance to sustain its positive reputation and effectiveness in service delivery. Overall, The Lutheran Park Corporation Inc exemplifies solid financial health and transparency within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Lutheran Park Corporation Inc legitimate?
The Lutheran Park Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lutheran Park Corporation 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
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What is the mission statement of The Lutheran Park Corporation Inc?
The Lutheran Park Corporation Inc's mission is centered around promoting various religious, charitable, scientific, literacy, and educational projects. One of its primary objectives is to establish, maintain, and operate a neighborhood park, known as Lutheran Park and Gardens, which was formerly the site of the Lutheran Hospital of Fort Wayne, Inc. The corporation leases this park and its building to organizations that operate exclusively for religious, charitable, scientific, literacy, or educational purposes, exempt from federal income tax under Section 501(C)(3) of the Internal Revenue Code. Additionally, The Lutheran Park Corporation Inc makes contributions to other corporations, foundations, funds, and community chests that share the same exempt purposes.
What is the revenue of The Lutheran Park Corporation Inc?
The Lutheran Park Corporation Inc's revenue in 2021 was $150,186.
Who are the executives of The Lutheran Park Corporation Inc and what are their salaries?
There 3 volunteers at The Lutheran Park Corporation Inc.
Here are 3 key members and their salaries:
- 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 The Lutheran Park Corporation Inc?
The Lutheran Park Corporation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Lutheran Park Corporation Inc
The Lutheran Park Corporation Inc serves a multifaceted purpose, primarily aimed at promoting religious, charitable, scientific, literacy, and educational projects. This organization strives to establish, maintain, and operate a neighborhood park, known as Lutheran Park and Gardens, on a twelve-acre site that previously housed the Lutheran Hospital of Fort Wayne, Inc. The corporation also leases the park and its building to corporations, foundations, funds, and community chests that are exclusively focused on religious, charitable, scientific, literacy, or educational purposes and are exempt from federal income tax. Furthermore, The Lutheran Park Corporation Inc extends contributions to other organizations that share similar objectives and tax-exempt status.
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Impact
October, 2024
The Lutheran Park Corporation Inc significantly impacts the Fort Wayne community by promoting a diverse array of initiatives focused on religious, charitable, scientific, literacy, and educational projects. By establishing and maintaining a twelve-acre neighborhood park, known as Lutheran Park and Gardens, the organization creates a vital green space that fosters community engagement and enhances the quality of life for local residents.
Additionally, the Corporation facilitates collaboration among various tax-exempt organizations by leasing the park and its facilities to entities dedicated to similar missions. This not only maximizes the use of the park but also supports numerous community-focused projects. Through contributions to corporations and foundations aligned with its mission, Lutheran Park Corporation further amplifies its impact, ensuring that essential services and programs continue to thrive in the area.
The organization also plays a critical role in preserving the historical significance of the site, formerly home to the Lutheran Hospital of Fort Wayne, while transforming it into a resource that benefits the community today. Overall, The Lutheran Park Corporation Inc serves as a catalyst for positive change, supporting the growth of civic engagement and educational opportunities within Fort Wayne.
This information is meant to be a general summary of The Lutheran Park Corporation 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 2021.
- Investment Income: $186
- Program Service Revenue: $150,000
- Gross Receipts: $150,186
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED RENTAL INCOME
Revenue
$150,000
Organization Details
Founding Year
2007
Principal Officer
Marcia Haaff
NTEE Category
Code: A80 - Arts
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