Overview
What is Park Foundation Inc?
Park Foundation Inc is a nonprofit organization situated in Little Rock, Arkansas, with an address at 6915 Geyer Springs Road. Its primary purpose is to gather funds and aid Positive Atmosphere Reaches Kids, Inc. (P.A.R.K., Inc.), another 501(C)(3) tax-exempt organization. Park Foundation Inc collects donations and subsequently forwards them to P.A.R.K., Inc., as per the donor's request. This collaborative initiative supports the mission and activities of P.A.R.K., Inc., contributing to its overall objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Park Foundation Inc has received a two-star rating from Charity Navigator, indicating areas that require significant enhancement. With an overall score of 69%, the nonprofit shows strong performance in program spending with a program expense ratio of 96.15%. This suggests a dedicated focus on its mission-related activities, but the lack of independent board members raises questions about governance and oversight.
While the foundation excels in its culture and community engagement with a perfect score of 100, there are notable deficiencies in accountability and financial transparency. Key policies such as conflict of interest and whistleblower protections are missing, which could hinder trust and confidence among stakeholders. Additionally, the foundation has not adequately posted required tax forms and disclosures on its website.
Overall, while Park Foundation Inc demonstrates a commitment to its programs and community, its governance practices and financial transparency need considerable improvement to enhance its ratings and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Park Foundation Inc legitimate?
Park Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park 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.
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What is the mission statement of Park Foundation Inc?
The Park Foundation Inc. was established with the purpose of soliciting funds and providing support for Positive Atmosphere Reaches Kids, Inc. (P.A.R.K., Inc.), a separate 501(c)(3) tax-exempt organization. The organization collects donations, which are then submitted to P.A.R.K., Inc., as per the request of the donors. However, the specific mission or objectives of P.A.R.K., Inc. are not provided in the given information, and therefore, cannot be included in the summary of the Park Foundation Inc.'s mission statement.
Who is the CEO of Park Foundation Inc?
Walter E Hussman Jr is the President of Park Foundation Inc.
What is the revenue of Park Foundation Inc?
Park Foundation Inc's revenue in 2022 was $2,437,590.
Who are the executives of Park Foundation Inc and what are their salaries?
There 150 volunteers at Park Foundation Inc.
Here are 21 key members and their salaries:
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- Related: $120,000
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Where can I find the form 990 for Park Foundation Inc?
Park Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Foundation Inc
Park Foundation Inc, as a 501(c)(3) tax-exempt organization, was established with the mission to solicit funds and offer support for Positive Atmosphere Reaches Kids, Inc. (P.A.R.K., Inc.). By doing so, the Foundation aims to channel these donations directly to P.A.R.K., Inc., in accordance with the requests made. The primary objective of Park Foundation Inc is to contribute financially and otherwise to P.A.R.K., Inc., which is another non-profit organization dedicated to its mission. Although the specific activities and objectives of P.A.R.K., Inc. are not provided in the information given, the Park Foundation Inc's mission suggests its role in raising funds and providing support for this organization.
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Impact
July, 2024
Park Foundation Inc's impact is evident in its efforts to solicit funds and support for Positive Atmosphere Reaches Kids, Inc. (P.A.R.K., Inc.), a 501(c)(3) tax-exempt organization focused on human services. By raising donations and providing crucial support to P.A.R.K., Inc., Park Foundation Inc plays a vital role in creating a positive atmosphere for children in need. This impact contributes to fostering a better future for youth and enhancing the well-being of communities.
This information is meant to be a general summary of Park 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: $1,084,147
- Gross Receipts: $12,598,581
Assets and Liabilities:
- Total Assets: $17,983,533
- Total Liabilities: $0
- Net Assets: $17,983,533
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Organization Details
Founding Year
1993
Phone
(501) 562-5223Principal Officer
Walter E Hussman Jr
Main Address
6915 GEYER SPRINGS ROAD, LITTLE ROCK, AR, 72209
NTEE Category
Code: P58 - Human services
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