Overview
What is Fort Wayne Park Foundation?
The Fort Wayne Park Foundation is a nonprofit organization based in Fort Wayne, Indiana, with a single employee. Their primary mission is to preserve the city's green spaces, foster a lasting legacy for Fort Wayne and Allen County residents, and offer free and affordable leisure activities for all age groups. In 2022, they continued their support for the Fort Wayne Parks Department's renovation and revitalization of Franke Park, securing initial grants totaling $1.107M towards the $3.007M goal. Additionally, they initiated the review of another potential revitalization project linked to Foster Park. The foundation has received positive feedback for the Promenade Park Pavilion and appreciates the continuing public interest in this park.
Official website here: www.fwparkfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Fort Wayne Park Foundation has received an 81% rating from Charity Navigator, indicating a solid level of accountability and finance management. The score is derived entirely from the Accountability & Finance beacon, reflecting the organization’s commitment to transparency and responsible fiscal practices. The foundation’s independent board structure, with 100% independent members, contributes positively to its governance score.
Strengths of the Fort Wayne Park Foundation include a high program expense ratio of 91.60%, demonstrating that a significant portion of its funds is directed towards its programs and initiatives rather than administrative costs. The organization has also established robust policies in areas such as conflict of interest and whistleblower protection, which are important for maintaining ethical standards. Additionally, the foundation's liabilities to assets ratio is commendable, indicating sound financial health.
While the organization shows strong accountability and program management, there are no notable weaknesses highlighted in the data. Overall, the Fort Wayne Park Foundation is positioned well in terms of governance and financial responsibility, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Wayne Park Foundation legitimate?
Fort Wayne Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Wayne Park 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $882
For more financial information, click here
Official website here: www.fwparkfoundation.org
What is the mission statement of Fort Wayne Park Foundation?
The Fort Wayne Park Foundation's mission is centered around preserving urban green spaces, aiming to establish a lasting legacy for the community's residents. This organization strives to provide free and affordable leisure opportunities for individuals of all ages. In 2022, the foundation supported the Fort Wayne Parks Department's plan to renovate and revitalize Franke Park, securing initial grants totaling $1.107M towards the $3.007M project cost. Additionally, they are reviewing a potential revitalization project associated with Foster Park. The foundation's efforts, notably its work on the Promenade Park Pavilion, have received positive feedback and continue to attract public attention.
Official website here: www.fwparkfoundation.org
What is the revenue of Fort Wayne Park Foundation?
Fort Wayne Park Foundation's revenue in 2023 was $430,425.
Official website here: www.fwparkfoundation.org
Who are the executives of Fort Wayne Park Foundation and what are their salaries?
The average compensation at Fort Wayne Park Foundation during 2023 was $882. There is 1 employee and 14 volunteers at Fort Wayne Park Foundation.
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Official website here: www.fwparkfoundation.org
Where can I find the form 990 for Fort Wayne Park Foundation?
Fort Wayne Park Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fwparkfoundation.org
Learn more at the official website: www.fwparkfoundation.org
Mission Statement of Fort Wayne Park Foundation
The Fort Wayne Park Foundation is committed to preserving the city's green spaces, aiming to leave a lasting legacy for the citizens of Fort Wayne and Allen County. This esteemed organization also focuses on providing free and affordable leisure opportunities for individuals of all ages. By managing projects related to the renovation and revitalization of parks, such as Franke Park, and securing necessary grants, the foundation contributes to the enhancement of the community's outdoor spaces and recreational facilities. The Fort Wayne Park Foundation's efforts to improve the city's parks not only enrich the environment but also offer cost-effective leisure activities for residents of all ages, fostering a sense of community and well-being.
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Impact
July, 2024
Fort Wayne Park Foundation, through its efforts to preserve the city's green spaces and provide free and affordable leisure opportunities for all ages, has had a significant impact on the community. In 2022, the foundation played a crucial role in managing the renovation and revitalization of Franke Park, securing substantial grants to support this project. Additionally, they have initiated the review of another potential revitalization project at Foster Park. The foundation's work, including the success of projects like the Promenade Park Pavilion, has garnered praise and attention from the public, further enriching the recreational offerings in Fort Wayne.
This information is meant to be a general summary of Fort Wayne Park 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 2023.
- Investment Income: $331,568
- Gross Receipts: $5,995,601
Assets and Liabilities:
- Total Assets: $13,115,388
- Total Liabilities: $473,525
- Net Assets: $12,641,863
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Organization Details
Founding Year
1985
Principal Officer
Richard L Phillips Jr
Website
www.fwparkfoundation.orgNTEE Category
Code: N32 - Recreation
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