Overview
What is Madison Square Park Conservancy Inc?
Madison Square Park Conservancy Inc is a nonprofit organization, based in New York City, that raises funds to maintain and enhance the historic Madison Square Park. Their mission involves nurturing the park's horticulture, providing park security, and organizing a variety of free cultural programs for all ages. The organization covers approximately 98% of the cost of park maintenance and 100% of the cost of security and cultural programs. Madison Square Park Conservancy is committed to keeping the park a bright, beautiful, and active public space for everyone's recreation, respite, and reflection. As stewards, they engage visitors through visionary contemporary art, beautiful gardens, inviting amenities, and thought-provoking programming. Approximately 60,000 pedestrians flow through the park on a given weekday, making it a vibrant and lively urban green space. The Conservancy currently employs around 45 individuals.
Official website here: www.madisonsquarepark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Madison Square Park Conservancy Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its outstanding performance in accountability and finance. The charity’s overall score is based entirely on its perfect 100% Accountability & Finance score. This indicates a strong commitment to transparency and responsible management of its financial resources.
The organization demonstrates significant strengths, including an entirely independent board, effective audit practices, and comprehensive policies that address conflicts of interest and whistleblower protections. With a program expense ratio of 80.40%, the majority of its expenditures are allocated directly to program services, underscoring its focus on fulfilling its mission and serving the community effectively.
While the data does not highlight specific limitations, the exceptional financial ratios and adherence to best practices suggest a well-managed organization that is dedicated to its cause. The low liabilities to assets ratio, along with efficient fundraising practices, further enhance its financial stability and operational efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Madison Square Park Conservancy Inc legitimate?
Madison Square Park Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Square Park Conservancy 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: $210,280
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,021,909
For more financial information, click here
Official website here: www.madisonsquarepark.org
What is the mission statement of Madison Square Park Conservancy Inc?
The Madison Square Park Conservancy Inc, a non-profit organization, is committed to maintaining the historic Madison Square Park as a vibrant, attractive, and active public space. As stewards, they strive to engage visitors through contemporary art installations, beautiful gardens, inviting amenities, and thought-provoking programming, aiming to provide opportunities for recreation, respite, and reflection for everyone. The Conservancy raises all the funds needed to operate and program the park on behalf of the City of New York.
Official website here: www.madisonsquarepark.org
Who is the CEO of Madison Square Park Conservancy Inc?
Holly Leicht-Weinstein is the Chair of Madison Square Park Conservancy Inc.
Official website here: www.madisonsquarepark.org
What is the revenue of Madison Square Park Conservancy Inc?
Madison Square Park Conservancy Inc's revenue in 2022 was $4,955,961.
Official website here: www.madisonsquarepark.org
Who are the executives of Madison Square Park Conservancy Inc and what are their salaries?
The average compensation at Madison Square Park Conservancy Inc during 2022 was $49,604. There are 45 employees and 293 volunteers at Madison Square Park Conservancy Inc.
Here are 40 key members and their salaries:
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Official website here: www.madisonsquarepark.org
Where can I find the form 990 for Madison Square Park Conservancy Inc?
Madison Square Park Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madisonsquarepark.org
Learn more at the official website: www.madisonsquarepark.org
Mission Statement of Madison Square Park Conservancy Inc
The Madison Square Park Conservancy, a nonprofit organization, is committed to maintaining the Historic Madison Square Park as a vibrant, beautiful, and active public space. As the steward of the park, the Conservancy aims to engage visitors through contemporary art, stunning gardens, inviting amenities, and thought-provoking programming. In line with their mission, they strive to provide a space that allows for recreation, respite, and reflection, believing that everyone deserves access to such a park. The Madison Square Park Conservancy is dedicated to enhancing the park experience for all, fostering an environment that encourages engagement, tranquility, and intellectual stimulation.
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Impact
June, 2024
Madison Square Park Conservancy Inc's impact lies in its dedication to keeping historic Madison Square Park a bright, beautiful, and active public park. The organization raises funds that support horticulture, park maintenance, security, and a variety of free cultural programs for all ages. Madison Square Park Conservancy funds approximately 98% of the cost of park maintenance and 100% of the cost of security and cultural programs.
With around 60,000 pedestrians flowing through Madison Square Park on a given weekday, the Conservancy's mission is to protect, nurture, and enhance the dynamic seven-acre public green space, creating an environment that fosters moments of inspiration. By engaging the community through beautiful gardens, inviting amenities, and world-class programming, Madison Square Park Conservancy ensures that everyone, regardless of background, deserves access to a park that allows for recreation, respite, and reflection in an urban setting. Their commitment to maintaining and enhancing this public space reflects a dedication to creating a vibrant and inclusive community in the heart of New York City.
This information is meant to be a general summary of Madison Square Park Conservancy 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: $205,921
- Program Service Revenue: $1,333,958
- Gross Receipts: $7,802,434
Assets and Liabilities:
- Total Assets: $14,189,903
- Total Liabilities: $1,344,612
- Net Assets: $12,845,291
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARK ACTIVITY LICENSES
Revenue
$880,208
PARK USAGE EVENT FEES
Revenue
$360,000
ARTWORK FEES
Revenue
$56,250
OTHER EVENTS
Revenue
$37,500
Organization Details
Founding Year
2002
Phone
(212) 520-7600Principal Officer
Holly Leicht-Weinstein
Main Address
ELEVEN MADISON AVENUE 15FL, NEW YORK, NY, 10010
Website
www.madisonsquarepark.orgNTEE Category
Code: C124 - Environment
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