Overview
What is 21st Century Parks Endowment Inc?
21st Century Parks Endowment Inc is a charitable organization based in Louisville, Kentucky, specifically at 471 West Main Street, Suite 202, with a mission to preserve, protect, and maintain parks, park facilities, and green spaces in Jefferson County. In line with their objectives, they granted $1,400,000 to 21st Century Parks, Inc. for park maintenance and operating costs. Their primary focus is to support organizations like 21st Century Parks, Inc., Louisville Metro Parks, and other public charities, ensuring the upkeep and sustainability of open green spaces and parks within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star Rating
21st Century Parks Endowment Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid score of 80% primarily based on its Accountability and Finance. The organization demonstrates strong governance practices, including a fully independent board and robust conflict of interest and whistleblower policies, which contribute positively to its operational integrity.
In terms of financial health, the Endowment has performed well in several key metrics, such as maintaining a favorable liabilities to assets ratio and program expense ratio, indicating effective management of resources towards its mission. However, the fundraising efficiency ratio is notably low, suggesting there may be challenges in generating revenue compared to expenses incurred for fundraising efforts.
While the organization excels in governance and financial accountability, the low fundraising efficiency could be a concern for future sustainability. Overall, the strengths in policy and financial metrics show a commitment to transparency and responsible management, but attention may be needed to improve fundraising outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is 21st Century Parks Endowment Inc legitimate?
21st Century Parks Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 21st Century Parks Endowment 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
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What is the mission statement of 21st Century Parks Endowment Inc?
The 21st Century Parks Endowment Inc is dedicated to preserving, protecting, and maintaining open green spaces, parks, and park facilities. Through financial and other forms of support, the organization aims to ensure the longevity and upkeep of these vital communal areas. The entities it assists include 21st Century Parks Inc, Louisville Metro Parks, and various public charities. The Endowment granted $1.4 million to 21st Century Parks Inc for maintaining and covering operating costs of the parks.
Who is the CEO of 21st Century Parks Endowment Inc?
Daniel H Jones is the President And Director of 21st Century Parks Endowment Inc.
What is the revenue of 21st Century Parks Endowment Inc?
21st Century Parks Endowment Inc's revenue in 2022 was $16,831,658.
Who are the executives of 21st Century Parks Endowment Inc and what are their salaries?
There 4 volunteers at 21st Century Parks Endowment Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $287,586
- Other: $18,573
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- Other: $0
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- Other: $0
Where can I find the form 990 for 21st Century Parks Endowment Inc?
21st Century Parks Endowment Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 21st Century Parks Endowment Inc
21st Century Parks Endowment Inc is a nonprofit organization dedicated to preserving, protecting, and maintaining open green spaces, parks, and park facilities in and around Jefferson County, Kentucky. The primary goal of this endowment is to provide financial and other forms of support to various organizations, including 21st Century Parks, Inc., and Louisville Metro Parks, among others.
Through its mission, 21st Century Parks Endowment Inc aims to ensure the longevity and vitality of these valuable community spaces. By granting funds to the supported organizations, the endowment enables them to focus on park maintenance and operating costs. This, in turn, allows these spaces to remain accessible to the public and continue to contribute to the overall wellbeing of the community.
In a recent example of its commitment to this cause, 21st Century Parks Endowment Inc granted $1,400,000 to 21st Century Parks, Inc. This substantial contribution supported the essential work of maintaining and operating parks in Jefferson County, ensuring that these spaces remain an integral part of the community for generations to come.
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Impact
August, 2024
21st Century Parks Endowment Inc's impact is significant in preserving, protecting, and maintaining green spaces and parks primarily in and around Jefferson County, Kentucky. The organization plays a crucial role in raising funds to support its mission of preserving park facilities and green spaces in the region. One notable contribution is a $1,400,000 grant awarded to 21st Century Parks, Inc. to support park maintenance and operating costs. By providing financial and other forms of support to organizations like 21st Century Parks, Inc. and Louisville Metro Parks, 21st Century Parks Endowment Inc ensures the continued availability and accessibility of open green spaces and recreational areas for the community.
This information is meant to be a general summary of 21st Century Parks Endowment 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: $1,221,837
- Gross Receipts: $17,115,840
Assets and Liabilities:
- Total Assets: $74,704,243
- Total Liabilities: $207,500
- Net Assets: $74,496,743
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Organization Details
Founding Year
2007
Phone
(502) 584-0350Principal Officer
Daniel H Jones
Main Address
471 WEST MAIN STREET SUITE 202, LOUISVILLE, KY, 40202
NTEE Category
Code: N32 - Recreation
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