Overview
What is Prudence Conservancy Inc?
Prudence Conservancy Inc is a nonprofit organization situated on Prudence Island, Rhode Island. Their primary purpose encompasses preserving open spaces, educating the local residents about various environmental issues, and maintaining historic lighthouses and buildings. The organization's mission extends to informing and educating the residents of Prudence Island on diverse environmental concerns, thereby ensuring the conservation and protection of their natural surroundings. Additionally, they are dedicated to the maintenance of historic structures, including lighthouses, to preserve the island's rich history and architectural heritage.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90% (Four-Star out of Four Star rating)
Prudence Conservancy Inc has achieved a strong Four-Star rating from Charity Navigator, primarily due to its impressive accountability and finance score of 90%. This high score demonstrates the organization's commitment to transparency and responsible financial management, which is crucial for maintaining donor trust and ensuring effective use of resources.
The organization excels in several areas, including having a fully independent board, which enhances governance and oversight. With no material diversion of assets reported and a robust conflict of interest policy in place, Prudence Conservancy Inc shows a commitment to ethical practices. Additionally, the organization's program expense ratio of 96.75% indicates that a significant majority of its spending directly supports its mission, maximizing the impact of donor contributions.
While the organization has demonstrated strong fiscal responsibility, ongoing transparency and continued focus on its mission will be essential for sustaining its positive reputation. The high accountability score reflects well on Prudence Conservancy Inc, and it positions the nonprofit as a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Prudence Conservancy Inc legitimate?
Prudence Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prudence Conservancy 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.
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What is the mission statement of Prudence Conservancy Inc?
The Prudence Conservancy Inc is dedicated to preserving open spaces and fostering environmental awareness among its community. They strive to educate residents of the island about various environmental concerns. One of their key responsibilities includes maintaining historic lighthouses and buildings. Their mission encompasses both environmental conservation and historical preservation.
Who is the CEO of Prudence Conservancy Inc?
Michael Sheehan is the Treasurer of Prudence Conservancy Inc.
What is the revenue of Prudence Conservancy Inc?
Prudence Conservancy Inc's revenue in 2022 was $45,462.
Who are the executives of Prudence Conservancy Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Prudence Conservancy Inc?
Prudence Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prudence Conservancy Inc
The Prudence Conservancy Inc, a dedicated nonprofit organization, is committed to preserving open spaces and fostering environmental awareness among the residents of Prudence Island. One of their primary goals is to educate the community on various environmental concerns. In addition to this, they are responsible for maintaining historic lighthouses and buildings, contributing to the preservation of the island's rich heritage. By undertaking these tasks, the Prudence Conservancy Inc plays a significant role in promoting a sustainable and historically-informed environment for all.
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Impact
June, 2024
Prudence Conservancy Inc plays a crucial role in preserving open spaces, educating residents of Prudence Island on environmental issues, and maintaining historic landmarks like lighthouses and buildings. Through its efforts, the organization contributes significantly to the conservation of the natural environment, the promotion of environmental awareness, and the preservation of important historical sites. The impact of Prudence Conservancy Inc is evident in the enhanced sustainability and cultural heritage of Prudence Island.
This information is meant to be a general summary of Prudence Conservancy 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: $2,468
- Program Service Revenue: $9,562
- Gross Receipts: $45,462
Assets and Liabilities:
- Total Assets: $5,565,518
- Total Liabilities: $3,771
- Net Assets: $5,561,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMP AND GROUND FEES
Revenue
$6,272
THEATRE CAMP TUITION
Revenue
$3,290
Organization Details
Founding Year
1987
Principal Officer
Michael Sheehan
Main Address
PO BOX 115, PRUDENCE ISLAND, RI, 02872
NTEE Category
Code: C300 - Environment
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