Overview
What is Park Club Historic Foundation?
The Park Club Historic Foundation is a nonprofit organization situated in Kalamazoo, Michigan, with a specific focus on preserving historically significant buildings. They manage and distribute funds for this purpose, with a notable project being the restoration of the historic building located at 219 West South Street in the city. Their mission encompasses safeguarding structures of historical importance, ensuring their longevity and continued appreciation for future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)
The Park Club Historic Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement based on its Accountability & Finance score of 67%. This score is particularly influenced by the absence of important financial documentation and policies, which are critical for transparency and accountability. Despite these shortcomings, the foundation has a strong governance structure with 100% independent board members, ensuring that there is no conflict of interest in decision-making.
Strengths of the organization include a high program expense ratio of 99.33%, suggesting that nearly all of its expenditures are directed towards fulfilling its mission. Additionally, the foundation demonstrates a solid liability to assets ratio of 0.00%, indicating a stable financial position without significant debt. However, the lack of publicly accessible financial statements and key policies—such as conflict of interest and whistleblower protections—are notable gaps that could undermine trust and operational effectiveness.
Overall, while the Park Club Historic Foundation shows promise through its governance and financial stability, it must address its deficiencies in transparency and policy documentation to enhance its credibility and effectiveness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Park Club Historic Foundation legitimate?
Park Club Historic Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Club Historic 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.
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What is the mission statement of Park Club Historic Foundation?
The Park Club Historic Foundation's mission involves receiving and managing funds to preserve buildings of historical significance. One of its primary objectives is the restoration of a particular historic building, though the exact location is not specified in the provided information. The organization's activities are geared towards preserving the historical charm and importance of such structures. By administering funds, it contributes to the conservation and upkeep of these historical buildings, ensuring they continue to stand as testaments to our past.
Who is the CEO of Park Club Historic Foundation?
James Marquardt is the Director of Park Club Historic Foundation.
What is the revenue of Park Club Historic Foundation?
Park Club Historic Foundation's revenue in 2022 was $1,072,875.
Who are the executives of Park Club Historic Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Park Club Historic Foundation?
Park Club Historic Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Club Historic Foundation
The Park Club Historic Foundation, as an organization, is committed to collecting and managing funds for the purpose of preserving structures of historical significance. One of its primary objectives is the restoration of a specific historic building situated at 219 West South Street in Kalamazoo, Michigan. By gathering and utilizing these financial resources, the foundation works tirelessly to protect and maintain the architectural heritage of such buildings, ensuring they continue to stand as testaments to our past.
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Impact
October, 2024
The Park Club Historic Foundation plays a pivotal role in preserving the rich architectural heritage of Kalamazoo, Michigan. By focusing on the restoration and maintenance of historical buildings, particularly the landmark at 219 West South Street, it ensures that the unique stories and cultural significance embedded in these structures are not lost to time. This effort not only enhances the aesthetic appeal of the community but also promotes local history and fosters a deeper appreciation for the arts among residents and visitors alike. The foundation’s activities generate tangible benefits, such as increased tourism, community engagement, and economic revitalization connected to heritage conservation. Through its commitment to preserving historical sites, the Park Club Historic Foundation strengthens the cultural fabric of Kalamazoo, making it a vibrant and historically rich environment for future generations.
This information is meant to be a general summary of Park Club Historic 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.
- Gross Receipts: $1,072,875
Assets and Liabilities:
- Total Assets: $275,517
- Total Liabilities: $0
- Net Assets: $275,517
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Organization Details
Founding Year
2011
Phone
(269) 381-0876Principal Officer
James Marquardt
Main Address
219 WEST SOUTH STREET, KALAMAZOO, MI, 49007
NTEE Category
Code: A90 - Arts
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