Overview
What is Lake Heritage Parks Foundation Inc?
The Lake Heritage Parks Foundation Inc, based in Crown Point, IN, is a nonprofit organization primarily focused on supporting the Lake County Parks Department. The foundation is engaged in awarding and providing funds to its employees and other entities, such as the Lake County Veterans Committee. A key aspect of their operations involves compensating an Executive Director and Project Manager. To further their mission, the foundation also attends conferences and conventions. The foundation's activities extend to attending such events, where they can share insights, network, and learn from others in the field, ultimately contributing to the betterment of the parks department and the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Stars)
The Lake Heritage Parks Foundation Inc has earned a Two-Star rating from Charity Navigator, which indicates a need for improvement in certain operational areas. While the organization shows strong governance features, such as a fully independent board and well-documented board meeting minutes, it lacks crucial policies that are essential for transparency and accountability.
Strengths of the foundation include a solid liabilities to assets ratio and a decent program expense ratio, which suggests that it is effectively utilizing its resources for its mission. However, the absence of a conflict of interest policy, whistleblower policy, and other key governance documents points to gaps in operational best practices that could affect stakeholder trust.
Overall, while the foundation demonstrates some commendable practices, the missing elements highlight areas where it can enhance its credibility and accountability. Improving these aspects may help strengthen its overall rating and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Heritage Parks Foundation Inc legitimate?
Lake Heritage Parks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Heritage Parks Foundation 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: $14,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,413
For more financial information, click here
What is the mission statement of Lake Heritage Parks Foundation Inc?
The Lake Heritage Parks Foundation, in its mission, supports the Lake County Parks Department. It provides funds to both the department's employees and external entities such as the Lake County Veterans Committee. The foundation plays a role in compensating an Executive Director and Project Manager. Additionally, the organization engages in attending conferences and conventions, working towards the betterment of the parks department.
Who is the CEO of Lake Heritage Parks Foundation Inc?
Christopher Landgrave is the President of Lake Heritage Parks Foundation Inc.
What is the revenue of Lake Heritage Parks Foundation Inc?
Lake Heritage Parks Foundation Inc's revenue in 2022 was $442,065.
Who are the executives of Lake Heritage Parks Foundation Inc and what are their salaries?
There 5 volunteers at Lake Heritage Parks Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $14,170
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- Compensation: $8,413
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Where can I find the form 990 for Lake Heritage Parks Foundation Inc?
Lake Heritage Parks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Heritage Parks Foundation Inc
The Lake Heritage Parks Foundation is a charitable organization that plays a significant role in supporting the Lake County Parks Department. In essence, it funds various initiatives and personnel within the department, extending its reach to include the Lake County Veterans Committee as well. The foundation is instrumental in providing resources for its employees, including an Executive Director and Project Manager. Furthermore, the foundation actively participates in conferences and conventions, showcasing its commitment to staying updated and informed in its field. In summary, the Lake Heritage Parks Foundation is a driving force behind the success of the Lake County Parks Department, contributing funds and personnel to ensure the smooth operation and growth of the department.
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Impact
June, 2024
Lake Heritage Parks Foundation Inc's impact is seen through its support of the Lake County Parks Department and the Lake County Veterans Committee. The foundation awards and provides funds to employees of these organizations, contributing to the improvement and maintenance of local parks and supporting veterans in the community. Additionally, the foundation compensates an Executive Director and Project Manager, demonstrating a commitment to efficient leadership and project management. By attending conferences and conventions, the foundation stays informed about best practices and innovations in the field, further enhancing its impact on the environment and community in Crown Point, IN.
This information is meant to be a general summary of Lake Heritage Parks Foundation 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: $2,938
- Gross Receipts: $443,131
Assets and Liabilities:
- Total Assets: $1,099,819
- Total Liabilities: $0
- Net Assets: $1,099,819
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Organization Details
Founding Year
1977
Phone
(219) 945-0543Principal Officer
Christopher Landgrave
Main Address
PO Box 753, Crown Point, IN, 46307
NTEE Category
Code: C30 - Environment
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