Overview
What is Park National Bank Employees' Community Service Fund?
Park National Bank Employees' Community Service Fund is a charitable organization that operates within Newark, Ohio. Its primary mission is to support various community service organizations by collecting donations from its employees. The raised funds are then distributed to these designated organizations, contributing to their operations within the geographical areas where Park National Bank operates. The sole activity undertaken by this nonprofit is to promote and facilitate charitable giving, aiming to positively impact its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Park National Bank Employees' Community Service Fund has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating indicates some strengths, particularly in governance, as the organization boasts 100% independent board members and maintains a strong program expense ratio of 99.85%, demonstrating a commitment to effectively allocating funds toward its mission.
However, the organization faces significant challenges in accountability and transparency. It has not provided financial statements, which greatly impacts its score in this area. Additionally, there are several missing policies, including those related to conflict of interest and whistleblower protections, which suggests potential gaps in operational governance that could affect donor confidence.
While the fund exhibits strong programmatic focus and solid governance structure, the lack of essential financial transparency and missing policies are notable limitations. Improving these areas could enhance the organization's overall rating and strengthen trust with stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Park National Bank Employees' Community Service Fund legitimate?
Park National Bank Employees' Community Service Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park National Bank Employees' Community Service Fund 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Park National Bank Employees' Community Service Fund?
The Park National Bank Employees' Community Service Fund's mission is centered around collecting charitable contributions from its employees. These contributions are then utilized to support various community service organizations. The organization's primary objective is to fund these organizations, thereby contributing to their causes and bettering the communities they operate in. The Park National Bank Employees' Community Service Fund does not engage in any activities beyond this program, focusing solely on the distribution of collected funds to designated charitable organizations.
Who is the CEO of Park National Bank Employees' Community Service Fund?
Ralph Root is the Chairman of Park National Bank Employees' Community Service Fund.
What is the revenue of Park National Bank Employees' Community Service Fund?
Park National Bank Employees' Community Service Fund's revenue in 2022 was $519,540.
Who are the executives of Park National Bank Employees' Community Service Fund and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Park National Bank Employees' Community Service Fund?
Park National Bank Employees' Community Service Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park National Bank Employees' Community Service Fund
The Park National Bank Employees' Community Service Fund is an organization that plays a significant role in supporting charitable initiatives. Its mission, in essence, involves collecting contributions from its fellow employees. These contributions are then utilized to fund various community service organizations, primarily in the areas where the employer operates. The primary program undertaken by this organization is its dedication to funding charitable organizations, with all collected funds eventually distributed to designated recipients. By doing so, the Park National Bank Employees' Community Service Fund contributes to the betterment of the communities it serves, demonstrating its commitment to philanthropy and community development.
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Impact
July, 2024
The impact of Park National Bank Employees' Community Service Fund reaches far and wide, as it collects contributions from fellow employees to fund community service organizations in the areas where their employer operates. By supporting charitable organizations through this fund, essential services and resources are provided to those in need. This support helps create a positive difference in communities, promotes philanthropy, and fosters a culture of giving back and making a meaningful impact on society.
This information is meant to be a general summary of Park National Bank Employees' Community Service Fund. 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: $1,030
- Gross Receipts: $519,540
Assets and Liabilities:
- Total Assets: $538,299
- Total Liabilities: $0
- Net Assets: $538,299
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Organization Details
Founding Year
1972
Phone
(740) 349-8451Principal Officer
Ralph Root
Main Address
50 N THIRD ST PO BOX 3500, NEWARK, OH, 430583500
NTEE Category
Code: T70Z - Philanthropy
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