The Parks System Trust Fund Of Wheeling

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 556000663 ✦ Wheeling, WV ✦ Designated as a 501(c)(3)

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Overview

What is The Parks System Trust Fund Of Wheeling?

The Parks System Trust Fund of Wheeling is a nonprofit organization, specifically the Wheeling Park Commission, located in Wheeling, West Virginia (WV). Their primary objective is to ensure the continued operation and upkeep of the public park system in Wheeling, Ohio County, benefiting the local community. They aim to support and maintain the public parks, contributing to the overall well-being and enjoyment of the general public.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.

The Parks System Trust Fund Of Wheeling has received a solid score of 79%, which categorizes it as a Three-Star charity. This rating emphasizes its strong performance in the area of Accountability & Finance, contributing significantly to the overall assessment. The organization has shown effective management of its financial resources, ensuring transparency and responsible practices.

One of the notable strengths of this nonprofit includes its impressive Program Expense Ratio of 98.18%, indicating that the vast majority of its funds are directed towards programmatic activities rather than administrative costs. Additionally, the organization has a strong framework for governance, evidenced by full scores in key areas such as the Audit and Oversight Committee, conflict of interest policy, and whistleblower policy, all of which reinforce its commitment to ethical standards.

While the organization has demonstrated robust financial practices, the rating is based solely on the Accountability & Finance beacon, which provides a narrow view of its overall impact. User feedback and broader programmatic effectiveness evaluations would help to further understand the full scope of the nonprofit’s contributions to the community.


This AI summary has been generated from information found on Charity Navigator.

Is The Parks System Trust Fund Of Wheeling legitimate?

The Parks System Trust Fund Of Wheeling is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Parks System Trust Fund Of Wheeling 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

For more financial information, click here

What is the mission statement of The Parks System Trust Fund Of Wheeling?

The mission of The Parks System Trust Fund is centered around supporting public parks. Specifically, its objective is to ensure the continuation of the Wheeling Park Commission and its goal of maintaining a comprehensive park system for the benefit of the public. This involves providing the necessary resources to keep the parks in good condition, ultimately enriching the community and promoting a shared sense of enjoyment and recreation for all.

Who is the CEO of The Parks System Trust Fund Of Wheeling?

Karl Radaker is the Chairman of The Parks System Trust Fund Of Wheeling. The CEO's salary of The Parks System Trust Fund Of Wheeling is $0 and their total compensation is $0.

What is the revenue of The Parks System Trust Fund Of Wheeling?

The Parks System Trust Fund Of Wheeling's revenue in 2022 was $1,149,663.

Who are the executives of The Parks System Trust Fund Of Wheeling and what are their salaries?


Here are 6 key members and their salaries (The Parks System Trust Fund Of Wheeling's CEO's salary is $0 and their total compensation is $0):


R Gregory Mcdermott (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan C Stamp (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David H Mckinley (Secretary-Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gene Fahey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Seibert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Peckenpaugh (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Parks System Trust Fund Of Wheeling?

The Parks System Trust Fund Of Wheeling's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Parks System Trust Fund Of Wheeling

The Parks System Trust Fund, in its mission, is dedicated to supporting the public parks in Wheeling, West Virginia. This organization's primary objective is to ensure the continued existence of the Wheeling Park Commission and its aim to maintain a public park system that benefits the general public. By providing the necessary resources, The Parks System Trust Fund contributes significantly to preserving and enhancing the park facilities, thereby enriching the community's recreational experiences. This nonprofit organization plays a crucial role in fostering a sense of community and promoting the well-being of its residents through its support of the local park system.

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Impact




July, 2024

The Parks System Trust Fund of Wheeling plays a crucial role in supporting the public parks of Wheeling, Ohio County, West Virginia. By providing resources and funding, the Trust Fund ensures the ongoing existence of the Wheeling Park Commission and its mission to maintain a public park system for the benefit of the general public. This impact directly contributes to the community's access to recreational opportunities and the preservation of green spaces for residents and visitors to enjoy.




This information is meant to be a general summary of The Parks System Trust Fund Of Wheeling. 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.

Revenue
$1,149,663 (2022)
Expenses
$1,940,660 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $280,783
  • Gross Receipts: $1,149,663

Assets and Liabilities:

  • Total Assets: $18,140,801
  • Total Liabilities: $1,500
  • Net Assets: $18,139,301

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Organization Details

Founding Year

1945

Principal Officer

Karl Radaker

Main Address

OGLEBAY PARK, WHEELING, WV, 26003

NTEE Category

Code: N32 - Recreation

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