Overview
What is Park Lawn Foundation Inc?
Park Lawn Foundation Inc. is a nonprofit organization situated in Oak Lawn, Illinois, with a specific mission. Its primary function is to manage and oversee assets, generating income, which is then distributed to two other organizations: Park Lawn Association Inc. and Park Lawn School and Activity Center Inc. These recipient organizations are dedicated to providing essential services such as education, housing, daycare, and sheltered employment opportunities for individuals with developmental and intellectual disabilities. The Park Lawn Foundation plays a crucial role in supporting these crucial institutions, contributing to the betterment of lives within its community.
Is Park Lawn Foundation Inc legitimate?
Park Lawn Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Park Lawn 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Park Lawn Foundation Inc?
The mission of Park Lawn Foundation Inc. revolves around supporting its affiliated organizations, Park Lawn Association Inc. and Park Lawn School and Activity Center Inc. The primary objective of the foundation is to serve developmentally and intellectually disabled individuals. It achieves this by holding assets on behalf of the Park Lawn Association Inc., collecting income from these assets, and distributing it to the associated institutions. This financial support enables Park Lawn Association Inc. and Park Lawn School and Activity Center Inc. to provide essential services such as education, housing, day care, and sheltered employment to this vulnerable population.
What is the revenue of Park Lawn Foundation Inc?
Park Lawn Foundation Inc's revenue in 2024 was $237,901.
Who are the executives of Park Lawn Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Park Lawn Foundation Inc?
Park Lawn Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Park Lawn Foundation Inc
Park Lawn Foundation Inc, as a supporting organization, plays a crucial role by holding title to assets on behalf of Park Lawn Association Inc., a 501(C)(3) organization. Its primary objective is to collect income from these assets and subsequently distribute them to Park Lawn. The Foundation's mission is to financially support the operations of Park Lawn Association Inc. and Park Lawn School and Activity Center Inc., which are institutions dedicated to serving developmentally and intellectually disabled citizens. These institutions provide essential services such as education, housing, day care, and sheltered employment, aiming to empower and improve their quality of life.
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Impact
October, 2024
Park Lawn Foundation Inc plays a crucial role in enhancing the quality of life for developmentally and intellectually disabled citizens. By securing and managing assets, the Foundation generates the necessary funds to support the operations of Park Lawn Association Inc. and Park Lawn School and Activity Center Inc. These organizations provide vital services, including education, housing, day care, and sheltered employment, fostering an inclusive environment that empowers individuals with disabilities.
The Foundation's strategic management of assets ensures a continuous flow of resources, making it possible for these institutions to thrive and expand their offerings. By facilitating access to essential services, Park Lawn Foundation Inc significantly contributes to the well-being and independence of those it serves, ensuring that individuals with developmental and intellectual challenges receive the support and opportunities they need to lead fulfilling lives.
This information is meant to be a general summary of Park Lawn 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 2024.
- Investment Income: $172,393
- Gross Receipts: $365,488
Assets and Liabilities:
- Total Assets: $5,874,723
- Total Liabilities: $0
- Net Assets: $5,874,723
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Organization Details
Founding Year
2001
Principal Officer
Maureen Reilly
NTEE Category
Code: P118 - Human services
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