Overview
What is Park Springs Foundation?
The Park Springs Foundation is a charitable organization situated in Stone Mountain, Georgia, with the address 500 Springhouse Circle. Its primary mission is to provide a tax-deductible means for contributing to the educational and physical needs of employees and members of the Park Springs facility. This is accomplished through various programs, including scholarships for employees and their families to promote educational advancement and offer special needs assistance to members and employees. The foundation's purpose extends to helping employees' family members with special needs, as well.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Park Springs Foundation has received a two-star rating from Charity Navigator, indicating areas for improvement despite strong performance in accountability and finance. The organization boasts a perfect score of 100% in this category, highlighting their commitment to transparency and effective governance. Key strengths include a fully independent board and a favorable liabilities-to-assets ratio, showcasing their solid financial health.
However, the foundation faces significant challenges related to policy documentation. Concern arises from missing essential governance documents, such as a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which contribute to their lower overall score. Additionally, the nonprofit's tax forms are not available on their website, further impacting their transparency and trustworthiness.
In summary, while the Park Springs Foundation demonstrates strong financial practices and governance structures, they must address the gaps in their policy documentation and improve their public transparency to enhance their overall rating and trust among donors.
This AI summary has been generated from information found on Charity Navigator.
Is Park Springs Foundation legitimate?
Park Springs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Springs Foundation 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
For more financial information, click here
What is the mission statement of Park Springs Foundation?
The Park Springs Foundation's mission is to offer a tax-deductible platform for members and others to donate funds or property, aiming to support the educational and physical needs of its employees and members. This is achieved through various programs, including scholarships for employees and their families to encourage further education and special needs assistance for members and employees of the Park Springs facility.
Who is the CEO of Park Springs Foundation?
Patricia Shea is the President of Park Springs Foundation.
What is the revenue of Park Springs Foundation?
Park Springs Foundation's revenue in 2022 was $94,995.
Who are the executives of Park Springs Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- 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 Park Springs Foundation?
Park Springs Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Springs Foundation
The Park Springs Foundation serves as a tax-deductible mechanism, encouraging contributions from members and others towards the educational and physical needs of Park Springs employees and members. Its mission is to provide assistance in various forms, including scholarships for employees and their families to foster educational advancement. Additionally, the foundation offers special needs assistance to Park Springs members and employees, aiming to support them in their personal and professional growth. The programs administered by Park Springs Foundation are designed to empower its members and employees, ensuring they have the resources necessary to thrive.
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Impact
October, 2024
The Park Springs Foundation significantly impacts the lives of employees and their families at Park Springs by providing essential financial support for education and special needs assistance. Through its scholarship programs, the foundation encourages educational advancement for employees and their family members, enabling them to pursue further academic opportunities. Additionally, it offers special needs assistance to members and employees, addressing diverse physical and educational requirements, which helps foster a supportive and inclusive community. This mechanism for contributions ensures that both employees and their families receive the necessary resources to thrive, ultimately enhancing the overall well-being of the Park Springs community in Stone Mountain, GA.
This information is meant to be a general summary of Park Springs Foundation. 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: $22,910
- Gross Receipts: $94,995
Assets and Liabilities:
- Total Assets: $458,662
- Total Liabilities: $0
- Net Assets: $458,662
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Organization Details
Founding Year
2007
Phone
(678) 684-3512Principal Officer
Patricia Shea
Main Address
500 SPRINGHOUSE CIRCLE, STONE MOUNTAIN, GA, 30087
NTEE Category
Code: B820 - Education
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