Overview
What is Parks Forever Inc?
Parks Forever Inc, situated in Cold Spring, Minnesota, is a dedicated nonprofit organization that focuses on raising and distributing funds to enhance and preserve public parks within Avon, Minnesota, and potentially adjacent regions. Their primary mission is to support projects that aim to improve the condition and amenities of these communal green spaces. Notably, Parks Forever has collaborated with the sports lighting authority to execute lighting projects at Central Park and has granted funding to the city of Avon for the installation of pickleball courts within the same park.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Parks Forever Inc has received a Two-Star rating from Charity Navigator, indicating a score of 73%. This rating is primarily derived from its Accountability & Finance score, which reflects the organization's management of its resources, suggesting that it generally practices sound financial practices. The score is based on the most recent fiscal year data, FY2023.
The organization shows strong accountability features with a fully independent board, comprising four members, and has demonstrated a commendable commitment to transparency by documenting board meeting minutes. Furthermore, it maintains a zero liability to assets ratio and has a very high program expense ratio of 99.42%, indicating that most of its financial resources are directed towards its mission-related activities.
However, while Parks Forever Inc scores well in these areas, the overall Two-Star rating suggests there may be areas for improvement to enhance its financial health or operational effectiveness further. Donors might want to consider these factors when deciding on their support.
This AI summary has been generated from information found on Charity Navigator.
Is Parks Forever Inc legitimate?
Parks Forever Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parks Forever 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
For more financial information, click here
What is the mission statement of Parks Forever Inc?
Parks Forever Inc's mission involves raising funds to enhance and preserve public parks, potentially extending to nearby areas beyond Avon, Minnesota. They actively solicit and donate funds for projects aimed at maintaining and improving these green spaces. One of their notable contributions is providing funding for the sports lighting authority in Central Park, as well as supporting the installation of pickleball courts at the same location. Their activities primarily focus on enhancing the quality of public parks, contributing to the overall well-being and recreational opportunities of the community.
Who is the CEO of Parks Forever Inc?
Unavailable
What is the revenue of Parks Forever Inc?
Parks Forever Inc's revenue in 2022 was $11,000.
Who are the executives of Parks Forever Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Parks Forever Inc?
Parks Forever Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Parks Forever Inc
Parks Forever Inc is dedicated to raising funds for projects aimed at enhancing and preserving public parks within Avon, Minnesota, and potentially neighboring areas. Their primary mission is to contribute financially to initiatives that improve the condition of these green spaces, ensuring they remain accessible and enjoyable for the community. Through their efforts, Parks Forever has supported lighting projects at Central Park, as well as provided funds for the installation of pickleball courts at the same location. By donating to such projects, Parks Forever plays a significant role in maintaining the attractiveness and functionality of Avon's parks, promoting the overall well-being and enjoyment of its residents.
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Impact
August, 2024
Parks Forever Inc's impact is significant in maintaining and enhancing public parks in Avon, Minnesota, and potentially in neighboring areas. They play a crucial role in soliciting and donating funds for projects that benefit the community, such as contributing to sports lighting projects and supporting the development of pickleball courts at Central Park. Their efforts help to ensure that these outdoor recreational spaces are well-maintained, accessible, and enjoyable for residents and visitors alike.
This information is meant to be a general summary of Parks Forever 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.
- Gross Receipts: $11,000
Assets and Liabilities:
- Total Assets: $9,273
- Total Liabilities: $0
- Net Assets: $9,273
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Organization Details
Founding Year
2008
Main Address
PO BOX 417, COLD SPRING, MN, 56320
NTEE Category
Code: N32 - Recreation
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