Overview
What is Lake Parks Foundation?
The Lake Parks Foundation is a charitable organization based in Wickliffe, Ohio. Established with a mission to improve the quality of life in Lake County, the Foundation aims to promote the development of parks, recreation, and leisure services. They strive to preserve land, environment, and natural heritage, and create opportunities for conservation, education, recreation, and relaxation through their activities. They achieve this either directly or by contributing to other organizations that meet the criteria for tax-exempt status under Section 501 (c) (3) of the Internal Revenue Code. Currently, they are focusing on Phase 3 of the Come and Play exhibit and display at the Penitentiary Glen.
Official website here: www.lakeparksfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%
The Lake Parks Foundation has achieved a four-star rating on Charity Navigator, indicating a strong commitment to accountability and finance. Their overall score is notably high, reflecting excellent practices in governance and transparency. The organization has a fully independent board and demonstrates effective management of its resources, with a program expense ratio of 95.36%, signifying that a large portion of its funding goes directly to its programs.
Among the strengths highlighted, the foundation scores full points for having no material diversion of assets and for its policies regarding conflicts of interest and document retention. These factors suggest that the organization operates with a high level of integrity and oversight. The foundation also maintains proper documentation practices, which further supports its credibility and reliability as a nonprofit entity.
However, there is a noted limitation in the absence of a whistleblower policy, which may raise concerns regarding internal reporting mechanisms. Despite this gap, the overall financial health and governance structure of the Lake Parks Foundation are commendable, showcasing a commitment to ethical practices and efficient use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Parks Foundation legitimate?
Lake Parks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Parks 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.lakeparksfoundation.org
What is the mission statement of Lake Parks Foundation?
The Lake Parks Foundation aims to foster the growth of parks, recreation, and leisure services within a given region. The organization seeks to elevate the quality of life by preserving natural environments and landscapes, thereby creating opportunities for conservation, education, recreation, and relaxation. This can be achieved either directly or by providing financial support to organizations that meet the criteria of being tax-exempt under Section 501 (c) (3) of the Internal Revenue Code. The foundation's mission is to enhance the quality of life and create significant opportunities through its efforts in conservation, education, recreation, and relaxation.
Official website here: www.lakeparksfoundation.org
Who is the CEO of Lake Parks Foundation?
Robert Dakes is the Treasurer & Trustee of Lake Parks Foundation.
Official website here: www.lakeparksfoundation.org
What is the revenue of Lake Parks Foundation?
Lake Parks Foundation's revenue in 2022 was -$4,281.
Official website here: www.lakeparksfoundation.org
Who are the executives of Lake Parks Foundation and what are their salaries?
There 5 volunteers at Lake Parks Foundation.
Here are 5 key members and their salaries:
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Official website here: www.lakeparksfoundation.org
Where can I find the form 990 for Lake Parks Foundation?
Lake Parks Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakeparksfoundation.org
Learn more at the official website: www.lakeparksfoundation.org
Mission Statement of Lake Parks Foundation
The Lake Parks Foundation, a nonprofit organization, is dedicated to the advancement of parks, recreation, and leisure services in various regions. Its primary mission is to elevate the quality of life by preserving the environment, natural heritage, and land in these areas. The organization strives to create meaningful opportunities for conservation, education, recreation, and relaxation, either directly or through contributions to other qualified charities under Section 501 (c) (3) of the Internal Revenue Code. By doing so, the Lake Parks Foundation aims to make a significant impact, enhancing the overall well-being of communities.
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Impact
June, 2024
Lake Parks Foundation's impact is evident in its efforts to promote the development of parks, recreation, and leisure services in Lake County. By enhancing the quality of life in the county through the preservation of land, environment, and natural heritage, the foundation creates significant opportunities for conservation, education, recreation, and relaxation. One notable initiative is the Come and Play exhibit and display at Penitentiary Glen, showcasing the foundation's commitment to engaging the community in outdoor activities and environmental awareness. Through its mission to support exempt organizations under Section 501(c)(3) of the Internal Revenue Code, Lake Parks Foundation contributes to a more sustainable and vibrant environment in Lake County.
This information is meant to be a general summary of Lake Parks 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: -$23,824
- Gross Receipts: $920,882
Assets and Liabilities:
- Total Assets: $993,789
- Total Liabilities: $14,975
- Net Assets: $978,814
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Organization Details
Founding Year
1989
Phone
(440) 709-6205Principal Officer
Robert Dakes
Main Address
29440 Ridge, Wickliffe, OH, 44092
Website
www.lakeparksfoundation.orgNTEE Category
Code: C32Z - Environment
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