Overview
What is Petit Jean Regional Foundation?
Petit Jean Regional Foundation is a nonprofit organization situated in Booneville, Arkansas. Its primary objective is to offer a workspace for the local Development Center and the Chamber of Commerce. Additionally, the foundation holds the ownership of vacant buildings until they can be utilized for community development purposes, either through sale or rental. The foundation's mission is centered around supporting the local development center and the Chamber of Commerce, as well as contributing to the betterment of the community by utilizing industrial development buildings effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating.
The Petit Jean Regional Foundation has received a Two-Star rating due to its overall score of 63% based entirely on its Accountability & Finance metrics. This rating reflects a focus on financial practices, highlighting strengths in areas such as a low liabilities to assets ratio and full program expense allocation. However, the foundation has room for improvement, particularly in governance practices related to board independence and policy documentation.
One of the notable strengths of the foundation is its independent board size, which includes four independent members. Additionally, there are no reported material diversions of assets, indicating sound financial management. However, the lack of a conflict of interest policy, whistleblower policy, and proper website documentation raises concerns regarding governance and transparency.
In summary, while the Petit Jean Regional Foundation demonstrates strong financial accountability, the absence of key governance policies and website disclosures detracts from its overall score. Addressing these shortcomings could enhance its effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Petit Jean Regional Foundation legitimate?
Petit Jean Regional Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petit Jean Regional Foundation 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 Petit Jean Regional Foundation?
The Petit Jean Regional Foundation's mission is centered around serving the community. It aims to provide a functional space for the local Development Center and the Chamber of Commerce. Additionally, the foundation holds ownership of vacant buildings, with the intention of utilizing them for community development when the optimal use is identified. This could involve selling or renting the buildings once the best use has been determined.
Who is the CEO of Petit Jean Regional Foundation?
John T Hampton is the President of Petit Jean Regional Foundation.
What is the revenue of Petit Jean Regional Foundation?
Petit Jean Regional Foundation's revenue in 2022 was $69,165.
Who are the executives of Petit Jean Regional Foundation and what are their salaries?
There 9 volunteers at Petit Jean Regional Foundation.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Petit Jean Regional Foundation?
Petit Jean Regional Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Petit Jean Regional Foundation
The Petit Jean Regional Foundation is committed to serving its community by providing a building that serves as a home for the local Chamber of Commerce. Beyond this, the foundation also maintains ownership of vacant structures, with the ultimate goal of utilizing them for the betterment of the community. In more specific terms, the foundation's mission is to offer an office space for the local Development Center and the Chamber of Commerce. Furthermore, the foundation holds the title to industrial development buildings, with the intention of finding the most suitable use for them, be it through sale or rental, at a later stage.
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Impact
August, 2024
Petit Jean Regional Foundation’s impact in Booneville, AR, is significant as it provides a building for the local Development Center and Chamber of Commerce. Additionally, the foundation holds ownership of empty buildings until they can be utilized for the benefit of the community, such as for development purposes. This supports the local economy and fosters growth and prosperity in the region.
This information is meant to be a general summary of Petit Jean Regional Foundation. 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: -$15,825
- Program Service Revenue: $56,390
- Gross Receipts: $335,110
Assets and Liabilities:
- Total Assets: $914,045
- Total Liabilities: $0
- Net Assets: $914,045
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY HANGER RENT
Revenue
$5,800
COMM SPLASH PAD
Revenue
$12,790
REVITALIZATION
Revenue
$24,000
COLE installme sale
Revenue
$8,024
inst sale interest
Revenue
$5,476
Organization Details
Founding Year
1999
Principal Officer
John T Hampton
Main Address
P O BOX 238, Booneville, AR, 72927
NTEE Category
Code: T99 - Philanthropy
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