Overview
What is Legacy Parks Foundation?
Legacy Parks Foundation is a nonprofit organization based in Knoxville, Tennessee, located at 900 Volunteer Landing Lane. Their primary mission is to create public spaces, promote recreational opportunities, and preserve natural resources. The foundation has made significant strides in this area, such as establishing three new public parks, constructing multi-use trails and boat launches, and safeguarding the French Broad River's shoreline. Legacy Parks Foundation is committed to ensuring that future generations can enjoy the community's exceptional recreational opportunities, natural beauty, and open spaces. With a team of six dedicated individuals, the foundation is actively working to maintain and improve these vital assets for the community.
Official website here: www.legacyparks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Legacy Parks Foundation has received an overall score of 81% from Charity Navigator, indicating a strong performance in terms of accountability and finance. This score reflects the organization's commitment to transparency and effective financial management, with all eight board members being independent and a solid structure in place to address potential conflicts of interest.
The foundation has demonstrated excellent governance, with no material diversion of assets and a high program expense ratio of over 82%, suggesting a significant portion of their funding is directed toward their programs. Additional policies like whistleblower protection and document retention have been well implemented, further enhancing their accountability standards.
However, while the foundation's financial practices are commendable, the rating is solely based on the accountability and finance beacon, which means other factors such as impact and effectiveness are not reflected in this score. This focus may limit a comprehensive understanding of the organization's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Parks Foundation legitimate?
Legacy Parks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Parks 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: $154,837
Professional Fundraising Fees: $0
Other Salaries and Wages: $188,122
For more financial information, click here
Official website here: www.legacyparks.org
What is the mission statement of Legacy Parks Foundation?
The Legacy Parks Foundation is committed to ensuring that communities have access to exceptional recreational opportunities, natural beauty, and open spaces, with the aim of preserving these assets for future generations. The foundation works towards this goal by creating public spaces, promoting recreational opportunities, and helping conserve natural resources. Notable achievements include the establishment of three new public parks, construction of multi-use trails and boat launches, and protection of the French Broad River shoreline.
Official website here: www.legacyparks.org
Who is the CEO of Legacy Parks Foundation?
Carol Evans is the Chairman of Legacy Parks Foundation.
Official website here: www.legacyparks.org
What is the revenue of Legacy Parks Foundation?
Legacy Parks Foundation's revenue in 2022 was $1,273,267.
Official website here: www.legacyparks.org
Who are the executives of Legacy Parks Foundation and what are their salaries?
The average compensation at Legacy Parks Foundation during 2022 was $57,160. There are 6 employees and 13 volunteers at Legacy Parks Foundation.
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Official website here: www.legacyparks.org
Where can I find the form 990 for Legacy Parks Foundation?
Legacy Parks Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.legacyparks.org
Learn more at the official website: www.legacyparks.org
Mission Statement of Legacy Parks Foundation
Legacy Parks Foundation, as a nonprofit organization, is committed to ensuring that communities can enjoy exceptional recreational opportunities, appreciate natural beauty, and preserve open spaces for future generations. In pursuit of this mission, the foundation works tirelessly to create public spaces, promote recreational activities, and help conserve natural resources.
Through its efforts, Legacy Parks Foundation has accomplished significant feats. For instance, it has played a crucial role in the establishment of three new public parks, providing communities with much-needed green spaces. Additionally, the foundation has constructed new multi-use trails and boat launches, enhancing the accessibility and enjoyment of outdoor activities. Furthermore, Legacy Parks Foundation has taken steps to protect the shoreline of the French Broad River, safeguarding this natural resource for future generations.
In essence, Legacy Parks Foundation is dedicated to preserving and enhancing the recreational and natural assets of communities, ensuring that these resources can be enjoyed for generations to come. By creating public spaces, promoting recreational opportunities, and conserving natural resources, the foundation is making a significant impact on the quality of life in the communities it serves.
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Impact
October, 2024
Legacy Parks Foundation has significantly enhanced the community by ensuring access to exceptional recreational opportunities, promoting natural beauty, and preserving open spaces. Its impact is evident through the establishment of three new public parks, the construction of multi-use trails and boat launches, and the protection of the French Broad River’s shoreline. These initiatives not only provide residents and visitors with enjoyable outdoor experiences but also contribute to the conservation of vital natural resources for future generations. The organization's work fosters a deeper appreciation for the environment and encourages an active lifestyle among community members.
This information is meant to be a general summary of Legacy Parks 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: $7,609
- Gross Receipts: $1,358,621
Assets and Liabilities:
- Total Assets: $2,817,666
- Total Liabilities: $57,423
- Net Assets: $2,760,243
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Organization Details
Founding Year
2005
Phone
(865) 525-2585Principal Officer
Carol Evans
Main Address
900 VOLUNTEER LANDING LANE, KNOXVILLE, TN, 37915
Website
www.legacyparks.orgNTEE Category
Code: N112 - Recreation
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