Overview
What is Grindstone Lake Foundation Inc?
Grindstone Lake Foundation Inc is a nonprofit organization, headquartered in Cedar Rapids, Iowa, with an additional property in Hayward, Bass Lake Township, Sawyer County, Wisconsin. Originally established to acquire an inactive cranberry bog covering 57 acres, the Foundation has since shifted its focus. Now, its primary mission is to raise funds for the protection, preservation, and restoration of the water quality and conservation values of Grindstone Lake in Sawyer County, Wisconsin. This commitment extends to ensuring the lake's long-term health and beauty, likely contributing to the local ecosystem and community.
Official website here: www.grindstonelake.org/foundation
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 36%, Zero-Star out of Four Star rating.
Grindstone Lake Foundation Inc has received a low rating of 36% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board and has no material diversion of assets, it lacks essential policies such as conflict of interest, whistleblower, and document retention policies, which are critical for good governance and transparency.
The foundation's financial metrics raise additional red flags, particularly with a reported program expense ratio of 0.00%, suggesting that no funds are being allocated to its intended programs. Furthermore, the absence of the tax form on the nonprofit's website limits public access to financial details that could help in assessing its operations and impact.
Overall, the combination of missing policies and financial accountability issues contributes to the organization’s low rating. Prospective donors and stakeholders should carefully consider these factors before engaging with the foundation, as they reflect a lack of commitment to transparency and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Grindstone Lake Foundation Inc legitimate?
Grindstone Lake Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grindstone Lake 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
Official website here: www.grindstonelake.org/foundation
What is the mission statement of Grindstone Lake Foundation Inc?
The Grindstone Lake Foundation's mission is dedicated to ensuring the protection, preservation, and restoration of the water quality and other conservation values within a specific lake, without mentioning the location for clarity. The organization aims to secure funding for these purposes, working towards the overall betterment of the lake's ecosystem. Initially, the foundation acquired an inactive cranberry bog as part of their efforts, though it's worth noting that the grant mentioned is actually a loan with the property serving as collateral.
Official website here: www.grindstonelake.org/foundation
Who is the CEO of Grindstone Lake Foundation Inc?
Cynthia Am Parker is the Director of Grindstone Lake Foundation Inc.
Official website here: www.grindstonelake.org/foundation
What is the revenue of Grindstone Lake Foundation Inc?
Grindstone Lake Foundation Inc's revenue in 2022 was $632,774.
Official website here: www.grindstonelake.org/foundation
Who are the executives of Grindstone Lake Foundation Inc and what are their salaries?
There 8 volunteers at Grindstone Lake Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.grindstonelake.org/foundation
Where can I find the form 990 for Grindstone Lake Foundation Inc?
Grindstone Lake Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grindstonelake.org/foundation
Learn more at the official website: www.grindstonelake.org/foundation
Mission Statement of Grindstone Lake Foundation Inc
The Grindstone Lake Foundation, a nonprofit organization, is dedicated to the protection, preservation, and restoration of the water quality and conservation values of a specific lake, Grindstone Lake. This charitable entity seeks to ensure the lake's long-term health and sustainability, working towards maintaining its natural beauty and ecological balance.
Initially, the Grindstone Lake Foundation acquired an inactive cranberry bog, spanning 57 acres, as a means to further their mission. The Foundation operates with a unique approach, providing loans rather than grants, with the property itself serving as collateral for these loans. This strategic move demonstrates the organization's commitment to safeguarding the lake's future.
In summary, the Grindstone Lake Foundation is an organization that prioritizes the protection and preservation of Grindstone Lake. By focusing on its water quality and other conservation values, the Foundation strives to maintain the lake's health and sustainability, ensuring its beauty and ecological balance for generations to come.
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Impact
July, 2024
Grindstone Lake Foundation Inc's impact is significant in the realm of environmental conservation, particularly in the protection, preservation, and restoration of the water quality and conservation values of Grindstone Lake in Sawyer County, Wisconsin. Through its efforts and funding initiatives, the foundation plays a crucial role in maintaining the health of the lake ecosystem and ensuring the sustainability of this natural resource for future generations. By focusing on these conservation objectives, the foundation contributes to the overall well-being of the environment and promotes awareness of the importance of preserving natural habitats.
This information is meant to be a general summary of Grindstone Lake 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: $31,643
- Gross Receipts: $653,334
Assets and Liabilities:
- Total Assets: $755,350
- Total Liabilities: $0
- Net Assets: $755,350
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Organization Details
Founding Year
2018
Principal Officer
Cynthia Am Parker
Main Address
2720 GRANITE CT NE, CEDAR RAPIDS, IA, 52402
NTEE Category
Code: C60 - Environment
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