Overview
What is Pennsylvania Lake Management Society?
The Pennsylvania Lake Management Society (PALMS) is a nonprofit organization based in Mertztown, Pennsylvania. Their mission is to foster a comprehensive understanding and management of lakes, reservoirs, and their watersheds. They aim to promote the protection, restoration, and management of these water bodies, focusing on improving and maintaining their ecological health. PALMS achieves their goals by distributing state grant funds to public and private entities within Pennsylvania. This collaborative approach enables a broader impact on the maintenance and enhancement of the state's lakes and ponds.
Official website here: www.palakes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Pennsylvania Lake Management Society has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The charity has achieved a score of 76%, primarily reflecting its strong performance in areas such as the independence of its board members and the absence of material diversion of assets. The organization has a 100% independent board, which is a significant strength as it enhances governance and transparency.
However, there are notable limitations in the organization's policies that could impact its overall score. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy suggests areas for improvement in governance practices. These missing components may raise concerns about operational transparency and risk management, which are critical for donor confidence and effective organizational management.
On a positive note, the Pennsylvania Lake Management Society shows a high program expense ratio of 98.44%, indicating that the majority of its resources are directed towards its mission-related activities. This commitment to programmatic focus, coupled with excellent financial indicators such as a zero liabilities to assets ratio, positions the organization well for future growth and impact, despite the need to strengthen its governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Lake Management Society legitimate?
Pennsylvania Lake Management Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Lake Management Society 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.palakes.org
What is the mission statement of Pennsylvania Lake Management Society?
The Pennsylvania Lake Management Society (PALMS) is dedicated to promoting the comprehensive management and understanding of lakes, reservoirs, and their watersheds. Their mission encompasses fostering a greater understanding of ponds, lakes, reservoirs, and impoundments, including their ecosystems, and advocating for their protection, restoration, and management. They distribute state grant funds to public and private entities for the maintenance and improvement of lakes and ponds within Pennsylvania.
Official website here: www.palakes.org
Who is the CEO of Pennsylvania Lake Management Society?
Gretchen Schatschneider is the Regional Director of Pennsylvania Lake Management Society.
Official website here: www.palakes.org
What is the revenue of Pennsylvania Lake Management Society?
Pennsylvania Lake Management Society's revenue in 2022 was $127,843.
Official website here: www.palakes.org
Who are the executives of Pennsylvania Lake Management Society and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.palakes.org
Where can I find the form 990 for Pennsylvania Lake Management Society?
Pennsylvania Lake Management Society's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.palakes.org
Learn more at the official website: www.palakes.org
Mission Statement of Pennsylvania Lake Management Society
The Pennsylvania Lake Management Society, or PALMS, is dedicated to fostering a comprehensive understanding and management of lakes, reservoirs, and their watersheds. Their mission is multifaceted, encompassing the study of these aquatic ecosystems, their protection, restoration, and sustainable management.
By channeling state grant funds to various public and private sources, PALMS aims to support the maintenance and improvement of lakes and ponds within Pennsylvania. This financial assistance is instrumental in ensuring these water bodies remain healthy and well-maintained, contributing to the overall ecological balance of the region.
In essence, the Pennsylvania Lake Management Society serves as a beacon for the protection, restoration, and responsible management of lakes and reservoirs, fostering a greater understanding of these vital ecosystems and their role in our environment.
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Impact
June, 2024
The Pennsylvania Lake Management Society, through its mission to promote understanding and comprehensive management of lakes and reservoirs along with their watersheds, has a significant impact on the maintenance and improvement of lakes and ponds in Pennsylvania. By passing through state grant funds to public and private sources, PALMS plays a crucial role in the protection, restoration, and management of these vital aquatic ecosystems. Their work helps preserve the environmental health of these water bodies and ensures they remain sustainable for future generations.
This information is meant to be a general summary of Pennsylvania Lake Management Society. 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: $13
- Program Service Revenue: $19,212
- Gross Receipts: $127,843
Assets and Liabilities:
- Total Assets: $151,309
- Total Liabilities: $0
- Net Assets: $151,309
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL CONFERENCE
Revenue
$19,212
Organization Details
Founding Year
1989
Phone
(215) 345-7577Principal Officer
Gretchen Schatschneider
Main Address
PO BOX 171, MERTZTOWN, PA, 19539
Website
www.palakes.orgNTEE Category
Code: C32 - Environment
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