Overview
What is Penna Elks Legacy Trust Fund?
The Penna Elks Legacy Trust Fund is a nonprofit organization that accepts bequests, memorial gifts, and other donations from Pennsylvania Elks members. These contributions support the Home Service Program, part of the PA Elks Major Projects, Inc. This program aims to promote the independence of individuals with developmental disabilities. Located in Somerset, Pennsylvania, the organization's primary mission is to provide assistance to this specific group, ensuring they can live with the necessary care and support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
The Penna Elks Legacy Trust Fund has received a Two-Star rating from Charity Navigator, with an overall score of 64%. This rating reflects a focus solely on the accountability and finance metrics, indicating potential issues in transparency and governance. The organization shows a strong program expense ratio of 78.72%, suggesting that a significant portion of its funds is directed towards its charitable programs.
However, the Trust Fund has several areas of concern. Notably, the board of directors lacks independent members, which may impact governance and decision-making processes. Additionally, the organization has not provided financial statements or posted its tax form online, raising questions about financial transparency. While it has established policies for conflicts of interest and whistleblower protections, the absence of independent oversight and financial documentation is a significant shortcoming.
Despite these issues, the Trust Fund does maintain a strong liabilities to assets ratio of 0.00%, indicating financial stability. The presence of meeting minutes and a documented retention policy further reflects a level of organizational diligence. Overall, while the Trust Fund demonstrates commitment to its charitable mission, improvements in governance and transparency are necessary to foster greater trust and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Penna Elks Legacy Trust Fund legitimate?
Penna Elks Legacy Trust Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penna Elks Legacy Trust 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $46,898
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Penna Elks Legacy Trust Fund?
The Penna Elks Legacy Trust Fund's mission is to receive bequests, memorial gifts, and other donations from Pennsylvania Elks members. This support is then allocated to the Pennsylvania Elks Major Projects, Inc. Home Service Program, which in turn aids in promoting the independence of individuals with developmental disabilities. The Trust Fund does not provide its own services but rather channels funds to this program, thereby contributing to enhancing the living conditions and self-reliance of those with developmental disabilities.
What is the revenue of Penna Elks Legacy Trust Fund?
Penna Elks Legacy Trust Fund's revenue in 2024 was $410,358.
Who are the executives of Penna Elks Legacy Trust Fund and what are their salaries?
There 700 volunteers at Penna Elks Legacy Trust Fund.
There is 1 key member and their salary:
- Compensation: $46,898
- Related: $0
- Other: $0
Where can I find the form 990 for Penna Elks Legacy Trust Fund?
Penna Elks Legacy Trust Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Penna Elks Legacy Trust Fund
The Penna Elks Legacy Trust Fund is a charitable organization that primarily accepts bequests, memorial gifts, and other donations from Pennsylvania Elks members. Its main objective is to provide financial support to the PA Elks Major Projects, Inc. Home Service Program. This program is specifically designed to enhance the independence of individuals with developmental disabilities. By offering such support, the Penna Elks Legacy Trust Fund plays a vital role in improving the quality of life for these individuals, enabling them to live more independently and with greater self-reliance.
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Impact
October, 2024
The Penna Elks Legacy Trust Fund significantly impacts the lives of individuals with developmental disabilities in Pennsylvania by providing vital financial support through bequests, memorial gifts, and contributions from Elk members. It directly funds the PA Elks Major Projects Home Service Program, which is dedicated to promoting the independence of these individuals. This program offers essential services that enhance quality of life, foster autonomy, and help individuals integrate more fully into their communities. By mobilizing resources and engaging the Elk community, the Trust Fund plays a crucial role in ensuring that those with developmental disabilities receive the assistance they need to thrive.
This information is meant to be a general summary of Penna Elks Legacy Trust 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 2024.
- Investment Income: $180,941
- Gross Receipts: $2,208,262
Assets and Liabilities:
- Total Assets: $6,365,611
- Total Liabilities: $0
- Net Assets: $6,365,611
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Organization Details
Founding Year
1979
Principal Officer
Bny Mellon N A
NTEE Category
Code: Y40I - Mutual benefit
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