Overview
What is Mount Vernon Place Conservancy Inc?
Mount Vernon Place Conservancy Inc is a nonprofit organization based in Baltimore, Maryland, with a postal address at PO Box 2394. Their primary mission is to manage, restore, and maintain the historic Washington Monument and the four parks surrounding it. They carry out this task by serving as the sole management entity, ensuring the monument's historical preservation and protection. In the parks, they collaborate with a professional landscaper to maintain the grass, urns, plantings, and hanging baskets. Additionally, they utilize various contracted services for internet and systems repair at the monument. The organization is staffed by a small team of five individuals.
Official website here: www.mvpconservancy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Mount Vernon Place Conservancy Inc has received a solid rating of 77%, reflecting a commendable level of accountability and financial health. The organization demonstrates strong governance, with 94% of its board members being independent, and maintains transparency in its financial practices, as indicated by its excellent program expense ratio of 85.30%.
While the Conservancy excels in many areas, it has notable gaps in its policies. Specifically, it lacks a whistleblower policy and a document retention and destruction policy, which are critical for ensuring best practices in organizational governance and accountability. These missing elements could limit the overall effectiveness of its governance framework.
Overall, the Mount Vernon Place Conservancy Inc shows strong financial stewardship and governance indicators, suggesting it responsibly manages its resources to further its mission. However, addressing the identified policy deficiencies could enhance its overall operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Vernon Place Conservancy Inc legitimate?
Mount Vernon Place Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Vernon Place Conservancy 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: $80,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,889
For more financial information, click here
Official website here: www.mvpconservancy.org
What is the mission statement of Mount Vernon Place Conservancy Inc?
The Mount Vernon Place Conservancy Inc. is dedicated to serving as the full-time, sole entity responsible for the historical restoration, maintenance, management, and programming of the Washington Monument and the parks squares in Mount Vernon Place. Their mission encompasses overseeing and protecting the Washington Monument, ensuring its upkeep, and taking charge of the maintenance and management of Mount Vernon Place. The conservancy is also in charge of maintaining the Washington Monument and employing contracted services for internet and system repairs. In the parks, they have a contract with a professional landscaper to maintain the grass, urns, plantings, and hanging baskets.
Official website here: www.mvpconservancy.org
Who is the CEO of Mount Vernon Place Conservancy Inc?
Lance Humphries is the Executive Director of Mount Vernon Place Conservancy Inc.
Official website here: www.mvpconservancy.org
What is the revenue of Mount Vernon Place Conservancy Inc?
Mount Vernon Place Conservancy Inc's revenue in 2022 was $576,214.
Official website here: www.mvpconservancy.org
Who are the executives of Mount Vernon Place Conservancy Inc and what are their salaries?
The average compensation at Mount Vernon Place Conservancy Inc during 2022 was $39,778. There are 5 employees and 122 volunteers at Mount Vernon Place Conservancy Inc.
Here are 19 key members and their salaries:
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Official website here: www.mvpconservancy.org
Where can I find the form 990 for Mount Vernon Place Conservancy Inc?
Mount Vernon Place Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvpconservancy.org
Learn more at the official website: www.mvpconservancy.org
Mission Statement of Mount Vernon Place Conservancy Inc
Mount Vernon Place Conservancy Inc is committed to serving as the full-time, single management entity responsible for the historic restoration, maintenance, management, and programming of the Washington Monument and the parks squares of Mount Vernon Place. The organization's mission encompasses overseeing and protecting the Washington Monument, ensuring its preservation for future generations. In addition, Mount Vernon Place Conservancy Inc is tasked with maintaining the four parks squares surrounding the monument, keeping the area pristine and well-maintained. To achieve these objectives, the conservancy utilizes various contracted services for tasks such as internet and systems repair at the monument. In the parks, the conservancy has a contract with a professional landscaper who takes care of the grass, urns, plantings, and hanging baskets.
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Impact
July, 2024
Mount Vernon Place Conservancy Inc's impact can be seen through its dedication to the historic restoration, maintenance, and programming of the Washington Monument and the surrounding parks squares of Mount Vernon Place. By serving as the full-time single management entity for these significant landmarks, the Conservancy is instrumental in preserving the historical and cultural significance of the area. Through various contracted services and partnerships, the organization ensures the upkeep and beautification of the Washington Monument and the surrounding park spaces, contributing to the overall aesthetic appeal and accessibility of the area. This commitment to maintaining and managing these iconic sites not only enhances the community's cultural heritage but also provides a welcoming environment for residents and visitors to enjoy.
This information is meant to be a general summary of Mount Vernon Place Conservancy 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.
- Program Service Revenue: $129,412
- Gross Receipts: $576,214
Assets and Liabilities:
- Total Assets: $547,708
- Total Liabilities: $9,154
- Net Assets: $538,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FLOWER MART
Revenue
$91,994
ADMISSION
Revenue
$37,418
Organization Details
Founding Year
2008
Phone
(410) 962-5070Principal Officer
Lance Humphries
Main Address
PO BOX 2394, BALTIMORE, MD, 21210
Website
www.mvpconservancy.orgNTEE Category
Code: A80 - Arts
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