Overview
What is Los Angeles Parks Foundation?
The Los Angeles Parks Foundation is a nonprofit organization situated in LOS ANGELES, CA 90027, dedicated to improving and expanding public recreational spaces and open areas for the city's diverse population. The foundation carries out this mission through various significant projects, such as refurbishing basketball courts with the Los Angeles Clippers, providing training for female coaches and referees through Nike, and donating a playground courtesy of the Werner Family Foundation. The organization's workforce comprises 5 individuals, striving to enhance the quality of life for the people of Los Angeles by preserving and promoting their parks and open spaces.
Official website here: www.laparksfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% - Four-Star out of Four Star Rating
The Los Angeles Parks Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The foundation has achieved perfect scores in several key areas, including a fully independent board and effective financial oversight, which contribute to its high overall score. This rating suggests that donors can trust the organization to use their contributions wisely and effectively.
Strengths noted in the evaluation include a high program expense ratio of 85.14%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, the foundation demonstrates a healthy financial position with a low liabilities-to-assets ratio and a working capital ratio that suggests it has more than a year’s worth of operational funds readily available. These factors highlight the organization's operational efficiency and stability.
However, there are a few limitations identified in the rating. The foundation is marked down for the absence of a whistleblower policy and a document retention and destruction policy, which could improve its governance framework. Additionally, its fundraising efficiency ratio is low, suggesting that fundraising efforts may not be as effective as they could be, which could be a point of concern for potential donors focused on maximizing impact.
This AI summary has been generated from information found on Charity Navigator.
Is Los Angeles Parks Foundation legitimate?
Los Angeles Parks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles 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: $146,907
Professional Fundraising Fees: $0
Other Salaries and Wages: $264,422
For more financial information, click here
Official website here: www.laparksfoundation.org
What is the mission statement of Los Angeles Parks Foundation?
The Los Angeles Parks Foundation's mission is centered around enhancing, expanding, preserving, and promoting public recreation, parks, and open spaces for the diverse population of Los Angeles. They strive to make these facilities more accessible and appealing to a wide range of people, thereby enriching their community. As part of their activities, they support significant projects within the Los Angeles City Parks, such as refurbishing basketball courts with the Los Angeles Clippers and providing coach and referee training for girls' youth sports, funded by the Nike Foundation. Another notable initiative is the donation of a playground by the Werner Family Foundation.
Official website here: www.laparksfoundation.org
Who is the CEO of Los Angeles Parks Foundation?
Tony Budrovich is the Director, Exec Dir, Secretary of Los Angeles Parks Foundation.
Official website here: www.laparksfoundation.org
What is the revenue of Los Angeles Parks Foundation?
Los Angeles Parks Foundation's revenue in 2022 was $3,209,734.
Official website here: www.laparksfoundation.org
Who are the executives of Los Angeles Parks Foundation and what are their salaries?
The average compensation at Los Angeles Parks Foundation during 2022 was $82,266. There are 5 employees and 10 volunteers at Los Angeles Parks Foundation.
Here are 17 key members and their salaries:
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Official website here: www.laparksfoundation.org
Where can I find the form 990 for Los Angeles Parks Foundation?
Los Angeles Parks Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laparksfoundation.org
Learn more at the official website: www.laparksfoundation.org
Mission Statement of Los Angeles Parks Foundation
The Los Angeles Parks Foundation is dedicated to enhancing, expanding, preserving, and promoting public recreation, parks, and open spaces for the diverse population of Los Angeles. This mission aims to improve the city's parks and green spaces, providing opportunities for recreation and enjoyment for all its residents.
To fulfill this mission, the foundation implements various projects and programs. One of its significant initiatives involves refurbishing basketball courts in partnership with the Los Angeles Clippers. This project not only upgrades the facilities but also encourages community engagement and sports activities. Another program is the Nike Coach and Referee Training for Girls Youth Sports, which empowers young girls by providing them with the necessary skills to excel in sports and fostering a supportive environment. Additionally, the Werner Family Foundation playground donation contributes to creating safe and enjoyable play areas for children, promoting outdoor activities and social interaction.
In essence, the Los Angeles Parks Foundation works tirelessly to enhance the city's parks and open spaces, catering to the diverse needs and interests of its residents. Through special projects and programs, it strives to improve the quality of life by providing recreational opportunities, encouraging physical activity, and fostering community engagement.
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Impact
October, 2024
The Los Angeles Parks Foundation significantly enhances, expands, preserves, and promotes public recreation, parks, and open spaces, fostering inclusive access for the diverse communities of Los Angeles. Through its various special projects, the foundation actively rejuvenates city parks, as demonstrated by major initiatives like the refurbishment of basketball courts for the Los Angeles Clippers, the training programs for coaches and referees to support girls' youth sports, and contributions to playground infrastructure through the Werner Family Foundation. These efforts not only improve the quality of recreational facilities but also encourage community engagement and active lifestyles among residents. By providing these valuable resources, the foundation plays a crucial role in enriching the urban environment and promoting recreational opportunities for all Angelenos.
This information is meant to be a general summary of Los Angeles 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: $55,467
- Gross Receipts: $12,551,901
Assets and Liabilities:
- Total Assets: $5,614,340
- Total Liabilities: $316,811
- Net Assets: $5,297,529
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Organization Details
Founding Year
2008
Phone
(310) 472-1990Principal Officer
Tony Budrovich
Main Address
2650 N COMMONWEALTH AVENUE, LOS ANGELES, CA, 90027
Website
www.laparksfoundation.orgNTEE Category
Code: N113 - Recreation
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