Overview
What is Luray Park Association?
The Luray Park Association is a nonprofit organization situated in Luray, Virginia. Their primary mission is to establish, maintain, and provide public parks, cultural facilities, and recreational facilities for the benefit of the local community. One of their notable achievements includes supporting the installation of a Carillon of 47 bells, enhancing the community's cultural landscape. The association also serves as a venue for the local Center for Performing Arts, contributing to the region's artistic scene.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
The Luray Park Association has received a low rating of 58%, primarily due to concerns regarding its accountability and financial practices. While the organization excels in areas such as having a fully independent board and a high program expense ratio of 75.14%, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and proper documentation for record retention. These deficiencies contribute to its overall low score.
Strengths of the organization include its independent board composition, which consists entirely of 100% independent members, and the absence of material diversions of assets. These factors indicate a commitment to governance and responsible financial stewardship. However, the organization needs to address its missing policies to improve transparency and accountability.
Despite some positive aspects, the significant shortcomings in organizational policies and documentation practices highlight critical areas for improvement. To enhance its rating and overall effectiveness, Luray Park Association should prioritize developing and implementing the missing governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Luray Park Association legitimate?
Luray Park Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Luray Park Association 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: $0
For more financial information, click here
What is the mission statement of Luray Park Association?
The Luray Park Association's mission is centered around establishing, providing, and maintaining public parks, cultural facilities, and recreational facilities for the benefit of the general public. This non-profit organization is dedicated to enhancing community life by supporting initiatives such as the Carillon of 47 bells and offering a venue for local performing arts centers.
Who is the CEO of Luray Park Association?
Lowell B Baughan is the Director of Luray Park Association.
What is the revenue of Luray Park Association?
Luray Park Association's revenue in 2022 was $17,460.
Who are the executives of Luray Park Association and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Luray Park Association?
Luray Park Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Luray Park Association
The Luray Park Association is committed to fulfilling a significant mission. They strive to establish, provide, and maintain public parks, cultural facilities, and recreational facilities for the benefit of the general public. This nonprofit organization is dedicated to enriching the community by offering spaces that cater to various leisure activities and cultural experiences. An exemplary demonstration of their mission is their support of the Carillon of 47 bells, a community asset, and providing a venue for the local Center for Performing Arts. By undertaking these initiatives, the Luray Park Association contributes to the overall well-being and enjoyment of the community.
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Impact
August, 2024
The Luray Park Association has significantly enhanced the community by supporting the Carillon of 47 bells and providing a venue for the local Center for Performing Arts. This has enriched the cultural landscape of Luray, Virginia, by promoting music and arts in the area. Additionally, the association's efforts in establishing and maintaining public parks and recreational facilities have provided valuable spaces for the general public to enjoy and engage in outdoor activities. Overall, the Luray Park Association has made a positive impact on the community by fostering a vibrant cultural scene and promoting the well-being of its residents through accessible recreational opportunities.
This information is meant to be a general summary of Luray Park Association. 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: $5,114
- Gross Receipts: $32,710
Assets and Liabilities:
- Total Assets: $650,991
- Total Liabilities: $473,281
- Net Assets: $177,710
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Organization Details
Founding Year
1918
Phone
(540) 743-6493Principal Officer
Lowell B Baughan
Main Address
P O BOX 151, LURAY, VA, 228350151
NTEE Category
Code: A84 - Arts
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