Overview
What is Pikesville Armory Foundation Inc?
Pikesville Armory Foundation Inc is a not-for-profit organization, founded in December 2020, with a primary focus on the renovation and revitalization of the historic Pikesville, Maryland Armory facilities. This foundation aims to actively participate in the acquisition, restoration, and future operation of these historic buildings. The organization's mission is to preserve the armory's heritage and potentially repurpose it for future use, contributing to the local community's development. It seeks funding from private and governmental sources, both local and federal, to support its mission.
Official website here: www.pikesvillearmoryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Pikesville Armory Foundation Inc has received a moderate score, with the rating primarily reflecting its Accountability & Finance metrics. While the organization shows strengths in having a fully independent board and a significant program expense ratio, indicating that a large majority of its funds are directed towards its programs, there are notable gaps in its governance policies.
The foundation boasts a fully independent board with 16 members, which enhances its accountability. It also has no material diversion of assets and maintains a low liabilities-to-assets ratio, showcasing financial stability. However, the lack of a whistleblower policy and missing documentation regarding retention and destruction are significant weaknesses that could affect its governance practices.
In summary, while the Pikesville Armory Foundation Inc demonstrates strong financial management and a commitment to programmatic spending, it needs to address its governance deficiencies to improve its overall rating and public trust. The absence of some key policies detracts from its accountability efforts, suggesting that further improvements are necessary.
This AI summary has been generated from information found on Charity Navigator.
Is Pikesville Armory Foundation Inc legitimate?
Pikesville Armory Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pikesville Armory 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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Official website here: www.pikesvillearmoryfoundation.org
What is the mission statement of Pikesville Armory Foundation Inc?
The Pikesville Armory Foundation Inc was established in December 2020 with a mission to oversee the future renovation and revitalization of an historic armory facility. The corporation aims to play an active role in acquiring, renovating, and managing these facilities. The foundation's primary objective is to breathe new life into these historic structures. To achieve this, they apply for both private and government grants to fund their restoration efforts.
Official website here: www.pikesvillearmoryfoundation.org
Who is the CEO of Pikesville Armory Foundation Inc?
Shelley Morhaim is the President of Pikesville Armory Foundation Inc.
Official website here: www.pikesvillearmoryfoundation.org
What is the revenue of Pikesville Armory Foundation Inc?
Pikesville Armory Foundation Inc's revenue in 2022 was $1,452,171.
Official website here: www.pikesvillearmoryfoundation.org
Who are the executives of Pikesville Armory Foundation Inc and what are their salaries?
There 16 volunteers at Pikesville Armory Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.pikesvillearmoryfoundation.org
Where can I find the form 990 for Pikesville Armory Foundation Inc?
Pikesville Armory Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pikesvillearmoryfoundation.org
Learn more at the official website: www.pikesvillearmoryfoundation.org
Mission Statement of Pikesville Armory Foundation Inc
The Pikesville Armory Foundation Inc, established in December 2020, is committed to the restoration and revitalization of historic armory facilities. The organization's primary objective is to actively participate in the acquisition, renovation, and future operation of these facilities. The foundation's mission is centered around the future renovation and revitalization of the Pikesville, MD armory, aiming to breathe new life into these historic structures. To achieve this, the foundation is actively seeking grants from both private and public sources at the local, state, and federal levels.
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Impact
July, 2024
Pikesville Armory Foundation Inc is making a significant impact in the restoration and revitalization of the historic Pikesville, Maryland Armory facilities. The organization, established in December 2020, is actively involved in the acquisition, renovation, and future operation of this important piece of local history. By securing private and government grants, the foundation is working towards preserving and enhancing the cultural heritage of Pikesville for the benefit of the community and future generations.
This information is meant to be a general summary of Pikesville Armory 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: $1,171
- Gross Receipts: $1,452,171
Assets and Liabilities:
- Total Assets: $1,341,292
- Total Liabilities: $5,500
- Net Assets: $1,335,792
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Organization Details
Founding Year
2020
Phone
(443) 253-3001Principal Officer
Shelley Morhaim
Main Address
PO BOX 212, STEVENSON, MD, 21153
NTEE Category
Code: W99 - Public benefit
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