Overview
What is Friends Of Horseshoe Park?
Friends of Horseshoe Park is a nonprofit organization based in Queen Creek, Arizona. Their primary focus is to support the Horseshoe Park HPEC within the town, by investing in capital items for the center, representing it at town events, and organizing events at the HPEC. Besides this, they also back agricultural-related organizations to uphold Queen Creek's rural heritage. The organization's main fundraising mechanism is the Roots N Boots Queen Creek event, where all proceeds from the event are allocated to cover expenses.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
Friends Of Horseshoe Park has received a low rating of 53% from Charity Navigator, resulting in a One-Star out of Four Stars designation. This rating highlights significant concerns in the areas of accountability and finance, which are critical for donor trust and transparency. The charity's score stems entirely from its Accountability & Finance score, indicating that other performance metrics were not evaluated or are lacking.
One of the major weaknesses identified is the absence of independent board members, as the organization currently has none. This lack of independence can raise concerns about governance and decision-making processes. Moreover, several key policies, such as conflict of interest, whistleblower, and document retention policies, are missing, which are essential for ensuring ethical operations and protecting both the organization and its stakeholders.
On a positive note, the organization has a good program expense ratio, indicating that it allocates all its expenses towards its programs rather than administrative costs. However, the missing policies and lack of independent oversight present significant limitations that potential donors may want to consider before contributing. Overall, these factors contribute to a low level of confidence in the organization's financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Horseshoe Park legitimate?
Friends Of Horseshoe Park is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Horseshoe Park 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:
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What is the mission statement of Friends Of Horseshoe Park?
Friends of Horseshoe Park's mission is centered around supporting the local equestrian park and fostering rural heritage. Specifically, they aim to contribute to the Town of Queen Creek's Horseshoe Park HPEC by purchasing necessary capital items. They also play a role in representing the park during town events and supporting events held by the park itself. Additionally, they provide and support events at the park, and offer their assistance to agricultural-related organizations. The primary means through which they fund these activities is by organizing the Roots N Boots Queen Creek event, serving as their primary fundraising mechanism.
Who is the CEO of Friends Of Horseshoe Park?
Jon Wooten is the President of Friends Of Horseshoe Park.
What is the revenue of Friends Of Horseshoe Park?
Friends Of Horseshoe Park's revenue in 2022 was $316,154.
Who are the executives of Friends Of Horseshoe Park and what are their salaries?
There 150 volunteers at Friends Of Horseshoe Park.
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Where can I find the form 990 for Friends Of Horseshoe Park?
Friends Of Horseshoe Park's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Horseshoe Park
Friends of Horseshoe Park is a corporation dedicated to supporting the Horseshoe Park HPEC (Horseshoe Park Equestrian Center) in various ways. Their mission is multifaceted, encompassing several key areas.
First and foremost, Friends of Horseshoe Park invests in the HPEC by purchasing necessary capital items. This investment ensures the center's continued operation and growth, thereby fostering its role in the community.
Second, the corporation represents HPEC at town events, serving as an advocate for the center and promoting its activities. This representation helps strengthen the center's presence within the town, fostering a sense of community and support.
Third, Friends of Horseshoe Park assists in organizing and supporting events hosted by the HPEC. These events serve to bring the community together, celebrating the rural heritage of the town while also raising funds for the center.
Lastly, the corporation supports agricultural-related organizations. This support likely extends the impact of the HPEC, helping to strengthen the agricultural community as a whole. By doing so, Friends of Horseshoe Park contributes to the preservation and promotion of rural traditions in the town.
In summary, Friends of Horseshoe Park plays a vital role in supporting the Horseshoe Park Equestrian Center, advocating for its interests, organizing events, and supporting agricultural organizations. Their primary fundraising mechanism is the Roots N Boots Queen Creek event, which covers all expenses incurred during the year.
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Impact
June, 2024
Friends Of Horseshoe Park's impact can be seen through its support of the Town of Queen Creek's Horseshoe Park HPEC, backing town events, organizing events at HPEC, and assisting agricultural-related organizations. The organization's primary fundraising event, Roots N Boots Queen Creek, helps cover all expenses throughout the year. By purchasing capital items for HPEC, representing the park at town events, and fostering Queen Creek's rural heritage, Friends Of Horseshoe Park plays a crucial role in supporting the community and its environmental initiatives.
This information is meant to be a general summary of Friends Of Horseshoe Park. 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: $316,154
- Gross Receipts: $316,154
Assets and Liabilities:
- Total Assets: $163,768
- Total Liabilities: $0
- Net Assets: $163,768
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
All Other Travel Arrangement and Reservation Services
Revenue
$128,744
Drinking Places Alcoholic Beverages
Revenue
$53,922
Parking Lots and Garages
Revenue
$15,318
Organization Details
Founding Year
2022
Phone
(602) 679-5144Principal Officer
Jon Wooten
Main Address
PO BOX 1062, QUEEN CREEK, AZ, 851421822
NTEE Category
Code: C50 - Environment
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