Overview
What is Packard Motor Car Foundation?
The Packard Motor Car Foundation is a nonprofit organization located in Shelby Township, Michigan. Their primary focus is on preserving the legacy of the Packard Motor Car Company. This includes restoring and renovating the Packard Proving Grounds in Shelby Township. The foundation's mission is deeply rooted in preserving the company's products, history, and properties. With a team of five dedicated individuals, they work tirelessly to uphold this mission, contributing to the conservation of an important piece of automotive history.
Official website here: www.packardprovinggrounds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Packard Motor Car Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived solely from their Accountability & Finance metrics, indicating strong financial health and commitment to transparency. The foundation's high score in various categories, such as a 100% independent board and no material diversion of assets, showcases its solid governance structure.
The foundation excels in its program expense ratio, which stands at an impressive 95.84%, demonstrating a commitment to allocating resources towards its mission rather than administrative costs. Additionally, the presence of well-defined policies on conflict of interest, whistleblowing, and document retention indicates a high level of accountability and ethical management.
Despite the positive ratings, the foundation's overall score is based solely on finance-related beacons, which may not provide a complete picture of its impact or effectiveness in achieving its mission. However, the transparency and governance practices highlighted in their ratings suggest a reliable organization for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Packard Motor Car Foundation legitimate?
Packard Motor Car Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Packard Motor Car Foundation 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: $121,698
For more financial information, click here
Official website here: www.packardprovinggrounds.org
What is the mission statement of Packard Motor Car Foundation?
The Packard Motor Car Foundation's mission is centered around preserving the legacy of the Packard Motor Car Company. This includes safeguarding the company's products, historical records, and properties. In practical terms, they focus on restoring and renovating the Packard Proving Grounds in Michigan. Their primary goal is to maintain and celebrate the rich heritage of the Packard Motor Car Company.
Official website here: www.packardprovinggrounds.org
Who is the CEO of Packard Motor Car Foundation?
Dr Mark Smucker is the President of Packard Motor Car Foundation.
Official website here: www.packardprovinggrounds.org
What is the revenue of Packard Motor Car Foundation?
Packard Motor Car Foundation's revenue in 2022 was $806,422.
Official website here: www.packardprovinggrounds.org
Who are the executives of Packard Motor Car Foundation and what are their salaries?
The average compensation at Packard Motor Car Foundation during 2022 was $24,340. There are 5 employees and 125 volunteers at Packard Motor Car Foundation.
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Official website here: www.packardprovinggrounds.org
Where can I find the form 990 for Packard Motor Car Foundation?
Packard Motor Car Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.packardprovinggrounds.org
Learn more at the official website: www.packardprovinggrounds.org
Mission Statement of Packard Motor Car Foundation
The Packard Motor Car Foundation is dedicated to preserving the legacy of the Packard Motor Car Company. This encompasses safeguarding the company's products, history, and properties. The organization's mission is to ensure that the rich heritage of Packard is maintained and passed on to future generations. To achieve this, the Packard Motor Car Foundation focuses on restoration and renovation projects, particularly on the Packard Proving Grounds located in Shelby Township, Michigan. Through these efforts, the foundation is committed to preserving the physical reminders and historical significance of the Packard Motor Car Company.
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Impact
October, 2024
The Packard Motor Car Foundation plays a significant role in preserving the rich history and legacy of the Packard Motor Car Company. By restoring and renovating the Packard Proving Grounds in Shelby Township, Michigan, the foundation ensures that the contributions of this iconic automotive manufacturer are not forgotten. This initiative not only protects the physical sites and artifacts associated with Packard but also promotes an appreciation for the craftsmanship and innovation that defined the brand. The foundation’s efforts contribute to the cultural heritage of the automotive industry and foster community engagement through education and outreach programs focused on the history of automotive engineering and design.
This information is meant to be a general summary of Packard Motor Car Foundation. 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: $576
- Gross Receipts: $806,422
Assets and Liabilities:
- Total Assets: $5,584,467
- Total Liabilities: $13,979
- Net Assets: $5,570,488
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Organization Details
Founding Year
1997
Phone
(586) 739-4800Principal Officer
Dr Mark Smucker
Main Address
49965 VAN DYKE AVE, SHELBY TWP, MI, 48317
NTEE Category
Code: A80 - Arts
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