Overview
What is Lake Hopatcong Foundation?
Lake Hopatcong Foundation is a dedicated nonprofit organization based in Landing, New Jersey. With a team of nine individuals, its mission is centered around enhancing the Lake Hopatcong environment and experience. This includes efforts in water quality, public safety, lake education, community cohesion, historical preservation, environmental protection, public information, and arts and culture. The foundation executes this mission through various programs such as outreach initiatives on aquatic invasive species protection and lake ecology, environmental education field trips, public safety, and the B-SAFE dock number program. It also builds a sense of community by hosting annual events like the Lake Hopatcong Block Party and improving recreational opportunities with guided hiking and paddle trips. Notably, the foundation is restoring the historical Lake Hopatcong Train Station in Landing, transforming it into a cultural and environmental center offering community programs and serving as the organization's office. The foundation also maintains 11 miles of the Lake Hopatcong Trail and works towards expanding it to 40 miles around the lake.
Official website here: www.lakehopatcongfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating
The Lake Hopatcong Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a robust accountability and finance score of 91%. This high score indicates a strong commitment to transparency and responsible financial practices, which is essential for fostering trust with donors and stakeholders. The charity's overall score is entirely derived from its performance in the Accountability & Finance category.
Strengths of the organization include a fully independent board with 12 members, ensuring diverse perspectives and accountability in governance. Additionally, the foundation has measures in place such as a whistleblower policy and a conflict of interest policy, both of which reinforce its dedication to ethical standards. The absence of any material diversion of assets further emphasizes the organization's sound financial practices.
However, while the program expense ratio is notable at approximately 66%, it has received a slightly lower score in this area, indicating there may be room for improvement in the allocation of funds towards programmatic activities. Overall, the Lake Hopatcong Foundation demonstrates a strong financial footing and commitment to accountability, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Lake Hopatcong Foundation?
100% of 20 reviewers on Facebook recommend the Lake Hopatcong Foundation. Here is a summary of their reviews:
Supporters express immense gratitude for the dedication and hard work of the volunteers involved in various projects organized by the foundation. Many recognize the countless hours that these individuals devote to enhancing the community and promoting the beauty of Lake Hopatcong.
Overall, the sentiment towards the Lake Hopatcong Foundation is overwhelmingly positive, with numerous users applauding the foundation's commitment to preserving and improving the lake's environment and community engagement.
This AI summary has been generated from reviews found on Facebook.
Is Lake Hopatcong Foundation legitimate?
Lake Hopatcong Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Hopatcong 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: $81,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,821
For more financial information, click here
Official website here: www.lakehopatcongfoundation.org
What is the mission statement of Lake Hopatcong Foundation?
The Lake Hopatcong Foundation's mission is centered around enhancing the environment and experience of a specific lake, involving various aspects such as water quality, public safety, lake education, community cohesion, historical preservation, environmental protection, public information, and arts and culture. Their activities span across outreach programs on aquatic invasive species protection and lake ecology, educational field trips, public safety initiatives, and public education cruises. They also strive to build a sense of lake community and support local businesses. Moreover, they aim to improve recreational opportunities by offering guided hikes and paddle trips, maintaining trails, and expanding the trail network. Additionally, the foundation is restoring and repurposing a historical train station to serve as a cultural and environmental center, offering community programs and acting as their office space.
Official website here: www.lakehopatcongfoundation.org
Who is the CEO of Lake Hopatcong Foundation?
Martin Kane is the Trustee of Lake Hopatcong Foundation.
Official website here: www.lakehopatcongfoundation.org
What is the revenue of Lake Hopatcong Foundation?
Lake Hopatcong Foundation's revenue in 2022 was $818,317.
Official website here: www.lakehopatcongfoundation.org
Who are the executives of Lake Hopatcong Foundation and what are their salaries?
The average compensation at Lake Hopatcong Foundation during 2022 was $30,648. There are 9 employees and 234 volunteers at Lake Hopatcong Foundation.
Here are 13 key members and their salaries:
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- Compensation: $73,205
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- Other: $7,819
Official website here: www.lakehopatcongfoundation.org
Where can I find the form 990 for Lake Hopatcong Foundation?
Lake Hopatcong Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakehopatcongfoundation.org
Learn more at the official website: www.lakehopatcongfoundation.org
Mission Statement of Lake Hopatcong Foundation
The Lake Hopatcong Foundation is committed to enhancing the environment and experience of Lake Hopatcong, with initiatives spanning various domains such as water quality, public safety, lake education, community cohesion, historical preservation, environmental protection, public information, and arts and culture. The organization's mission is multifaceted, encompassing efforts to improve the lake's health, ensure public safety, foster community engagement, preserve historical sites, protect the environment, disseminate information, and promote arts and culture.
In practical terms, the Lake Hopatcong Foundation executes its mission through several key strategies. One of its key focuses is on educational outreach and public information, implementing programs on aquatic invasive species protection and lake ecology, environmental education field trips, public education cruises, and public safety initiatives like the B-Safe Dock Number program. The organization also seeks to build a sense of community around Lake Hopatcong by supporting local businesses and hosting events like the annual Lake Hopatcong Block Party. Additionally, the Lake Hopatcong Foundation works to improve and enhance recreational opportunities by offering guided hiking and paddle trips, maintaining the Lake Hopatcong Trail, and aiming to expand it to 40 miles around the lake.
In terms of environmental and cultural preservation, the Lake Hopatcong Foundation has undertaken the restoration and repurposing of the historic Lake Hopatcong Train Station in Landing. This station now serves as the Lake Hopatcong Cultural Environmental Center, offering community programming and acting as the headquarters for the Lake Hopatcong Foundation. The center's presence not only preserves a piece of local history but also contributes to the organization's mission of promoting arts and culture around the lake.
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Impact
July, 2024
Lake Hopatcong Foundation's impact can be seen in various aspects of the Lake Hopatcong community. They work tirelessly to enhance the lake environment and experience for residents and visitors alike. Through their focus on water quality, public safety, lake education, community cohesion, historical preservation, environmental protection, public information, and arts and culture, the foundation plays a critical role in preserving the natural beauty and cultural heritage of the area.
Their educational outreach and public information services help raise awareness about important issues such as aquatic invasive species protection and lake ecology. By organizing environmental education field trips and public education cruises, they are actively engaging the community in understanding and protecting the lake ecosystem.
Furthermore, the foundation's efforts to build a sense of lake community through events like the annual Lake Hopatcong Block Party contribute to local businesses and recreational opportunities. Their work on maintaining and expanding the Lake Hopatcong Trail demonstrates a commitment to providing accessible outdoor recreational spaces for all.
The plans to restore and repurpose the historical Lake Hopatcong Train Station in Landing into the Lake Hopatcong Cultural Environmental Center further showcase their dedication to preserving the area's history and offering community programming.
Overall, Lake Hopatcong Foundation's impact is significant in shaping a sustainable and vibrant future for Lake Hopatcong and its surrounding communities through their multifaceted initiatives.
This information is meant to be a general summary of Lake Hopatcong 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: $327
- Program Service Revenue: $79,055
- Gross Receipts: $854,643
Assets and Liabilities:
- Total Assets: $2,769,353
- Total Liabilities: $61,411
- Net Assets: $2,707,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BLOCK PARTY
Revenue
$62,467
FLOATING CLASSROOM AND
Revenue
$15,643
DOCK NUMBERS
Revenue
$945
Organization Details
Founding Year
2012
Phone
(973) 663-2500Principal Officer
Martin Kane
Main Address
125 LANDING ROAD, LANDING, NJ, 07850
NTEE Category
Code: N32 - Recreation
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