Overview
What is Pilot Mountain Foundation Inc?
Pilot Mountain Foundation Inc is a nonprofit organization based in Pilot Mountain, North Carolina. Their primary mission is to contribute to the improvement of their local community and the surrounding area in partnership with the City of Pilot Mountain. In November 2022, they transferred the title and loans of a recreation center to the city. This move could potentially enable them to acquire a grant to pay off any outstanding loan. The foundation's activities encompass various programs aimed at benefiting the community, working in close collaboration with the city.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, Pilot Mountain Foundation Inc has received a Two-Star out of Four Star rating with an overall score of 73%. This rating indicates a need for improvement, particularly in certain governance and transparency areas, despite an excellent score in accountability and finance.
The organization demonstrates strong governance through a fully independent board and no material diversion of assets. They also maintain a solid program expense ratio, which reflects effective allocation of funds towards their mission. However, deficiencies in transparency are notable, as the foundation lacks key policies and documentation, including a conflict of interest policy and whistleblower policy, which are critical for fostering a trustworthy environment.
While the foundation shows promise in its financial stewardship, the missing elements in governance and transparency highlight areas that require urgent attention. Addressing these gaps could improve their overall rating and enhance public trust in the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Pilot Mountain Foundation Inc legitimate?
Pilot Mountain Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pilot Mountain 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Pilot Mountain Foundation Inc?
The Pilot Mountain Foundation Inc is committed to improving the well-being of Pilot Mountain and its surrounding area. They achieve this by collaborating with the City of Pilot Mountain. In November 2022, the foundation transferred title and loans to the city. There's a possibility of obtaining a grant to settle the loan. The foundation's efforts led to the transfer of the Armfield Recreation Center to the city, which is now debt-free, and the foundation no longer holds a mortgage on the property. The foundation's mission revolves around enhancing the community in partnership with local authorities.
Who is the CEO of Pilot Mountain Foundation Inc?
Paula Stanley is the President of Pilot Mountain Foundation Inc.
What is the revenue of Pilot Mountain Foundation Inc?
Pilot Mountain Foundation Inc's revenue in 2022 was -$3,234,322.
Who are the executives of Pilot Mountain Foundation Inc and what are their salaries?
There 6 volunteers at Pilot Mountain Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Pilot Mountain Foundation Inc?
Pilot Mountain Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pilot Mountain Foundation Inc
Pilot Mountain Foundation Inc is committed to improving the well-being of Pilot Mountain and its surrounding area in collaboration with the City of Pilot Mountain. This mission involves undertaking various programs aimed at benefiting the community. In November 2022, the Foundation transferred the title and loans to the City of Pilot Mountain. There's a possibility that they could secure a grant to pay off the loan. The Armfield Recreation Center, previously under the Foundation's management, was transferred to the City of Pilot Mountain. As a result, the Recreation Center no longer has a mortgage, and Pilot Mountain Foundation Inc is no longer liable for it. The Foundation's activities are geared towards enhancing the quality of life in the community, working in close partnership with the City of Pilot Mountain.
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Impact
October, 2024
Pilot Mountain Foundation Inc plays a pivotal role in enhancing the quality of life in Pilot Mountain and its surrounding areas. By collaborating closely with the City of Pilot Mountain, the organization undertakes various programs aimed at the community's betterment. A significant achievement includes the transfer of the Armfield Recreation Center to the city, which alleviated the financial burdens associated with a mortgage, enabling more resources to be allocated towards community programs.
This strategic transition not only facilitates potential grants to pay off existing loans but also lays the groundwork for an expanded range of recreational activities. The foundation's efforts contribute to a more vibrant community life, promote health and wellness, and foster a sense of community engagement. Overall, Pilot Mountain Foundation Inc's initiatives reflect a strong commitment to sustainable development, supporting both immediate and long-term improvements within the region.
This information is meant to be a general summary of Pilot Mountain 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 2022.
- Investment Income: -$3,242,293
- Gross Receipts: $1,018,187
Assets and Liabilities:
- Total Assets: $13,865
- Total Liabilities: $0
- Net Assets: $13,865
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Organization Details
Founding Year
1993
Principal Officer
Paula Stanley
Main Address
CO PO BOX 486, Pilot Mountain, NC, 27041
NTEE Category
Code: T31 - Philanthropy
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