Overview
What is The Forest Park Trust Inc?
The Forest Park Trust Inc is a nonprofit organization based in Woodhaven, New York, specifically at Oak Ridge One Forest Park Drive. Its mission is centered around community outreach and public programs, aiming to disseminate knowledge and promote educational activities about Forest Park and related cultural events. With a workforce of six individuals, the organization actively works towards achieving this goal, fostering an appreciation for the park and its cultural heritage within the community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
The Forest Park Trust Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The charity's score is derived entirely from its accountability and finance practices, underscoring its operational transparency and effective management of resources. This rating indicates that the organization maintains a strong financial health, with a program expense ratio of over 90%, which signifies that the majority of its funds are directed towards its mission-related activities.
One of the standout strengths of The Forest Park Trust Inc is its fully independent board, which contributes significantly to its governance. The organization has a conflict of interest policy, a whistleblower policy, and a solid document retention and destruction policy, all of which are indicators of robust operational practices. The board's independence and size further enhance the charity's credibility, as evidenced by its high scores across various governance metrics.
However, while the financial and governance aspects are commendable, the summary does not delve into the specific programs or impact of the charity's work. Potential donors and stakeholders may wish to seek additional information regarding the tangible outcomes of the charity’s initiatives to get a comprehensive view of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Forest Park Trust Inc legitimate?
The Forest Park Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Forest Park Trust 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: $75,420
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What is the mission statement of The Forest Park Trust Inc?
The Forest Park Trust Inc is dedicated to promoting education and sharing information about Forest Park and its cultural activities. Their mission is centered around public programs, aimed at increasing awareness and appreciation for the park and its associated activities. By doing so, they strive to engage and educate the community, fostering a sense of unity and shared appreciation for this significant cultural asset.
Who is the CEO of The Forest Park Trust Inc?
Michael Palermo is the President of The Forest Park Trust Inc.
What is the revenue of The Forest Park Trust Inc?
The Forest Park Trust Inc's revenue in 2022 was $297,428.
Who are the executives of The Forest Park Trust Inc and what are their salaries?
The average compensation at The Forest Park Trust Inc during 2022 was $12,570. There are 6 employees and 11 volunteers at The Forest Park Trust Inc.
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Where can I find the form 990 for The Forest Park Trust Inc?
The Forest Park Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Forest Park Trust Inc
The Forest Park Trust Inc, a nonprofit organization, is dedicated to the promotion of education and information about Forest Park and various cultural activities. Specifically, their mission is centered around community outreach and public programs, aiming to disseminate knowledge and foster engagement in the park's cultural activities. By doing so, the Forest Park Trust Inc contributes to a deeper appreciation and understanding of the park, enriching the experiences of its visitors and the local community.
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Impact
June, 2024
The Forest Park Trust Inc's impact lies in its dedication to promoting education and information on Forest Park and cultural activities. By offering community outreach and public programs, this organization plays a vital role in enhancing public awareness of the park's significance and encouraging community engagement in environmental preservation efforts. Through their initiatives, The Forest Park Trust Inc fosters a sense of stewardship among residents, ensuring the park's beauty and ecological value are preserved for future generations.
This information is meant to be a general summary of The Forest Park Trust 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: $12,963
- Gross Receipts: $297,428
Assets and Liabilities:
- Total Assets: $367,399
- Total Liabilities: $7,788
- Net Assets: $359,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISCELLANEOUS
Revenue
$3
RENTAL FEES
Revenue
$12,960
Organization Details
Founding Year
1997
Phone
(718) 235-4100Principal Officer
Michael Palermo
Main Address
OAK RIDGE ONE FOREST PARK DRIVE, WOODHAVEN, NY, 11421
NTEE Category
Code: C500 - Environment
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