Overview
What is Friends Of Hudson River Park Inc?
Friends of Hudson River Park Inc. is a nonprofit organization situated in New York City, specifically at 353 West Street Pier 40 2nd Floor, with a mission to support the construction funding for Hudson River Park. This four-mile long waterfront park, stretching from 59th Street to Chambers Street, encompasses 550 acres of green space, recreational piers, and a marine sanctuary. The organization hosts numerous free public events, including fitness activities, cultural events, and family entertainment, attracting approximately 17 million visitors annually. In addition, they conduct environmental education and marine science programs, history and nature tours, and community-based sustainability initiatives. Friends of Hudson River Park raises funds to maintain the park's public events, landscapes, gardens, and family-friendly activities, ensuring the park's financial self-sustainability. Their work primarily includes fundraising, marketing, communication, and public policy advocacy for the Hudson River Park.
Official website here: www.hudsonriverpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
Friends Of Hudson River Park Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in governance, with a fully independent board and strong oversight practices, reflected in perfect scores for their audit and conflict-of-interest policies. These factors contribute positively to their overall rating.
However, while the organization shows strength in governance and fundraising efficiency, there are significant concerns regarding their financial ratios. Their liabilities to assets ratio is notably low, which may indicate potential financial instability. Additionally, their program expense ratio is decent, yet there is room for improvement to ensure a greater portion of expenses directly supports their mission.
Overall, Friends Of Hudson River Park Inc demonstrates solid governance and transparency, but prospective donors may want to consider their financial ratios and overall program expense efficiency when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Hudson River Park Inc legitimate?
Friends Of Hudson River Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Hudson River Park 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: $315,061
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,306,338
For more financial information, click here
Official website here: www.hudsonriverpark.org
What is the mission statement of Friends Of Hudson River Park Inc?
Friends of Hudson River Park Inc is a non-profit organization devoted to the completion, maintenance, and enhancement of Hudson River Park. The organization's primary activities include hosting a vast array of free public programs, catering to fitness, sports, recreation, cultural events, and family entertainment. They also offer environmental education, marine science, history, and nature tours, as well as community-based sustainability initiatives. In terms of mission, Friends of Hudson River Park focuses on fundraising, marketing, and communication efforts to support the park's operations and maintenance. Additionally, they engage in public policy to secure construction funding for the park, including drafting position papers, recruiting supporting groups, meeting with public officials, media work, and analyzing development plans.
Official website here: www.hudsonriverpark.org
Who is the CEO of Friends Of Hudson River Park Inc?
Connie Fishman is the Chair of Friends Of Hudson River Park Inc.
Official website here: www.hudsonriverpark.org
What is the revenue of Friends Of Hudson River Park Inc?
Friends Of Hudson River Park Inc's revenue in 2023 was $5,224,563.
Official website here: www.hudsonriverpark.org
Who are the executives of Friends Of Hudson River Park Inc and what are their salaries?
The average compensation at Friends Of Hudson River Park Inc during 2023 was $77,209. There are 21 employees and 1200 volunteers at Friends Of Hudson River Park Inc.
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Official website here: www.hudsonriverpark.org
Where can I find the form 990 for Friends Of Hudson River Park Inc?
Friends Of Hudson River Park Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hudsonriverpark.org
Learn more at the official website: www.hudsonriverpark.org
Mission Statement of Friends Of Hudson River Park Inc
Friends of Hudson River Park Inc, a non-profit organization, is committed to the completion, maintenance, and enhancement of Hudson River Park. The organization's mission extends beyond just managing the four-mile-long waterfront park that spans Manhattan's west side, from 59th Street to Chambers Street. It also includes hosting an array of free public programs, catering to fitness, sports, recreation, cultural events, and family entertainment. Further, Friends of Hudson River Park provides environmental education and marine science, history, and nature tours, and supports community-based sustainability initiatives.
Beyond its operational duties, Friends of Hudson River Park Inc plays a significant role in funding the public events, landscapes, gardens, playgrounds, and family activities within the park. The organization's mission in the realm of public policy is particularly noteworthy. It supports the construction funding for the park, which involves preparing position papers, recruiting supportive groups, meeting with public officials, engaging in media work, and studying development plans. By doing so, Friends of Hudson River Park Inc is instrumental in ensuring the park's continued growth and development.
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Impact
October, 2024
Friends of Hudson River Park plays a crucial role in enhancing the experience and sustainability of Hudson River Park, a key green space in New York City. With 550 acres of parkland spanning four miles along the west side waterfront, it brings together millions of visitors annually who engage in a wide array of free public programs. These include fitness and recreational activities, cultural events like concerts and film screenings, educational programs focused on the environment and marine science, and community initiatives promoting sustainability.
By raising funds and advocating for public policy, Friends of Hudson River Park supports the park's construction, operations, and maintenance. Their efforts ensure the continued provision of vibrant public spaces, well-maintained gardens, and family-friendly activities, significantly contributing to the park’s accessibility and appeal. Through this work, Friends of Hudson River Park not only enriches the local community but also helps preserve an essential ecosystem along the Hudson River.
This information is meant to be a general summary of Friends Of Hudson River Park 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 2023.
- Investment Income: $18,446
- Gross Receipts: $6,367,933
Assets and Liabilities:
- Total Assets: $3,496,865
- Total Liabilities: $2,687,522
- Net Assets: $809,343
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Organization Details
Founding Year
1999
Phone
(212) 757-0981Principal Officer
Connie Fishman
Main Address
353 West Street Pier 40 2nd Floor, New York, NY, 10014
Website
www.hudsonriverpark.orgNTEE Category
Code: N32 - Recreation
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