Overview
What is The Foundation Of Shalom Park?
The Foundation of Shalom Park is a nonprofit organization situated in Charlotte, North Carolina, specifically at 5007 Providence Road. Its primary role is to serve the religious, educational, and recreational needs of the Jewish community and local residents in the area. The foundation is responsible for managing and maintaining the properties and facilities of Shalom Park, aiming to benefit its Jewish community members. With a team of 33 employees, the foundation works diligently to ensure the proper operation, renovation, and construction of these properties.
What are the reviews and ratings of this charity?
Charity Navigator rates The Foundation Of Shalom Park with a score of 82%, which translates to a Three-Star out of Four Star rating. This rating reflects a solid performance in accountability and finance, indicating that the organization is well-managed and transparent in its financial practices.
The Foundation excels in various areas, including having a highly independent board, with 96% of its members being independent. Additionally, the organization scores well in financial oversight, showing no material diversion of assets and maintaining a low liabilities to assets ratio of 4.33%. The high program expense ratio of 73.87% suggests that a substantial portion of its funds is directed towards its programs rather than administrative costs.
While the organization demonstrates strong financial health and governance, the Three-Star rating does imply some room for improvement. Potential donors may wish to explore specific program outcomes to better understand the impact of their contributions. Overall, The Foundation Of Shalom Park shows a commitment to accountability and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of Shalom Park legitimate?
The Foundation Of Shalom Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of Shalom Park 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: $2,380,629
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What is the mission statement of The Foundation Of Shalom Park?
The Foundation of Shalom Park is committed to managing and enhancing the properties and facilities of Shalom Park for the benefit of the Jewish community and local residents. Its mission involves owning, operating, maintaining, renovating, and constructing these facilities, catering to their religious, educational, and recreational needs. The foundation serves as a hub for the Jewish community, offering resources that enrich their lives and foster a sense of community.
Who is the CEO of The Foundation Of Shalom Park?
Richard Glaser is the President of The Foundation Of Shalom Park.
What is the revenue of The Foundation Of Shalom Park?
The Foundation Of Shalom Park's revenue in 2022 was $5,338,586.
Who are the executives of The Foundation Of Shalom Park and what are their salaries?
The average compensation at The Foundation Of Shalom Park during 2022 was $72,140. There are 33 employees and 38 volunteers at The Foundation Of Shalom Park.
Here are 26 key members and their salaries:
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Where can I find the form 990 for The Foundation Of Shalom Park?
The Foundation Of Shalom Park's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation Of Shalom Park
The Foundation of Shalom Park is committed to serving the Jewish community and local residents by overseeing, preserving, and enhancing the properties and facilities within Shalom Park. This nonprofit organization's mission is to ensure that Shalom Park remains a valuable resource for religious, educational, and recreational activities, benefiting the Jewish community and beyond. By managing the upkeep, renovations, and construction of these properties, The Foundation of Shalom Park maintains a welcoming and functional environment where members of the Jewish community can come together to engage in various activities. This dedication to the Jewish community and its wellbeing is the driving force behind The Foundation of Shalom Park's mission.
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Impact
July, 2024
The Foundation Of Shalom Park plays a vital role in providing facilities for the religious, educational, and recreational benefit of the Jewish community and local residents in Charlotte, NC. Their impact is seen in the ownership, operation, maintenance, renovation, and construction of properties and facilities within Shalom Park, ensuring a space where community members can come together for various activities and events. Through their dedicated mission, The Foundation Of Shalom Park serves as a hub for cultural, social, and religious gatherings, fostering a sense of belonging and connection among individuals in the local area.
This information is meant to be a general summary of The Foundation Of Shalom Park. 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: $438
- Program Service Revenue: $4,012,568
- Gross Receipts: $5,338,586
Assets and Liabilities:
- Total Assets: $32,483,749
- Total Liabilities: $1,408,589
- Net Assets: $31,075,160
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other
Revenue
$1,293,058
Rental Income
Revenue
$2,719,510
Organization Details
Founding Year
1980
Phone
(704) 944-6841Principal Officer
Richard Glaser
Main Address
5007 Providence Road, Charlotte, NC, 28226
NTEE Category
Code: N500 - Recreation
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