Overview
What is Lititz Springs Park Inc?
Lititz Springs Park Inc, based in Lititz, Pennsylvania, serves as a community hub, maintaining the grounds of the park and Memorial Square for public use. Their mission encompasses operating, maintaining, developing, and improving these public spaces, including Memorial Square and the Lititz Welcome Center situated on the park grounds. The organization's activities extend to hosting events like the July 4th program, as evidenced by the in-kind contributions received for this event. With six dedicated employees, Lititz Springs Park Inc plays an essential role in enhancing community spirit and offering a serene space for local residents and visitors alike.
Official website here: www.lititzspringspark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Lititz Springs Park Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 84% overall, with its evaluation based entirely on the Accountability & Finance beacon. This score reflects the charity's strong practices in financial transparency and governance.
The organization demonstrates significant strengths, particularly in its governance structure, with 100% of its board members being independent. It has also excelled in areas such as financial statements, asset management, and program spending, achieving a notable 91.90% in program expenses relative to total expenses. These factors contribute positively to the charity's reputation and operational effectiveness.
However, the charity does have limitations in terms of its compliance with some governance policies, as it lacks a documented conflict of interest policy and whistleblower policy. Despite these gaps, the absence of material diversion of assets highlights a level of integrity in financial management. Overall, Lititz Springs Park Inc maintains a commendable standing in terms of accountability, though enhancing its governance policies could further bolster its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Lititz Springs Park Inc legitimate?
Lititz Springs Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lititz Springs Park 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: $53,558
For more financial information, click here
Official website here: www.lititzspringspark.org
What is the mission statement of Lititz Springs Park Inc?
Lititz Springs Park Inc's mission is centered around operating, maintaining, developing, and improving public park grounds. This encompasses Memorial Square as well as the Lititz Welcome Center situated within the park premises. The organization's primary objective is to maintain the park and Memorial Square, making them accessible for public use. It should be noted that Lititz Springs Park Inc received in-kind contributions of materials and services worth $73,725 for its July 4th program, specifically in advertising, audio and lighting, rent, and other related services.
Official website here: www.lititzspringspark.org
Who is the CEO of Lititz Springs Park Inc?
Jeff Rinehimer is the Trustee of Lititz Springs Park Inc.
Official website here: www.lititzspringspark.org
What is the revenue of Lititz Springs Park Inc?
Lititz Springs Park Inc's revenue in 2022 was $531,045.
Official website here: www.lititzspringspark.org
Who are the executives of Lititz Springs Park Inc and what are their salaries?
The average compensation at Lititz Springs Park Inc during 2022 was $8,926. There are 6 employees at Lititz Springs Park Inc.
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Official website here: www.lititzspringspark.org
Where can I find the form 990 for Lititz Springs Park Inc?
Lititz Springs Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lititzspringspark.org
Learn more at the official website: www.lititzspringspark.org
Mission Statement of Lititz Springs Park Inc
Lititz Springs Park Inc, a nonprofit organization, is committed to operating, maintaining, developing, and improving public park grounds. This encompasses not only the park itself but also Memorial Square and the Lititz Welcome Center, which is situated within the park premises. The mission of Lititz Springs Park Inc is to ensure that these facilities remain accessible and well-maintained for the benefit of everyone. The organization has received various in-kind contributions, including advertising, audio and lighting, rent, and other services, contributing significantly to their July 4th program.
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Impact
July, 2024
Lititz Springs Park Inc's impact is felt through its dedication to operating, maintaining, developing, and improving public park grounds in Lititz, PA. By preserving areas like Memorial Square and the Lititz Welcome Center, the organization ensures that these spaces are available for everyone to enjoy. Through in-kind contributions and support, such as advertising, audio & lighting equipment, and rental services for events like the July 4th program, Lititz Springs Park Inc enhances the community's recreational opportunities and fosters a sense of belonging and community pride.
This information is meant to be a general summary of Lititz Springs Park 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: $63,020
- Gross Receipts: $782,281
Assets and Liabilities:
- Total Assets: $1,642,180
- Total Liabilities: $0
- Net Assets: $1,642,180
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Organization Details
Founding Year
1957
Phone
(717) 626-1469Principal Officer
Jeff Rinehimer
Main Address
24 NORTH BROAD STREET, LITITZ, PA, 17543
Website
www.lititzspringspark.orgNTEE Category
Code: N32Z - Recreation
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