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Madison Parks Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 331047992 ✦ Madison, WI ✦ Designated as a 501(c)(3)

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Overview

What is Madison Parks Foundation Inc?

Madison Parks Foundation Inc, based in Madison, Wisconsin, serves as a dedicated nonprofit partner for the local parks system. Their primary mission is to conserve, promote, and enhance the city's parks, engaging with various park projects and initiatives. This includes assisting in the development of new parks, as well as the restoration and renewal of playground equipment. With a small team of two dedicated individuals, the foundation is committed to contributing to the well-being and enjoyment of their community through its work with Madison Parks.


Official website here: www.madisonparksfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 93%, Four-Star out of Four Star Rating

Madison Parks Foundation Inc has received a commendable Four-Star rating from Charity Navigator, indicating strong overall performance and financial health. The organization boasts an impressive Leadership & Adaptability Score of 100 and maintains a high Accountability & Finance Score of 92. With a program expense ratio of 89.62%, it demonstrates a commitment to directing funds towards its mission.

The foundation's governance structure is robust, featuring a fully independent board with 11 members, ensuring unbiased oversight. The organization has also performed exceptionally well in financial transparency and accountability, receiving full points in areas such as its audit and oversight committee and the absence of material diversion of assets. However, it is noted that the organization lacks a whistleblower policy, which could be a point for improvement in its governance practices.

Overall, the Madison Parks Foundation Inc shows a strong commitment to its mission and is well-managed in terms of finances and governance. The absence of a whistleblower policy is a limitation, but the organization's high scores in other areas suggest a solid framework for accountability and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Madison Parks Foundation Inc?

100% of 7 reviewers on Facebook recommend the Madison Parks Foundation Inc. Here is a summary of their reviews:

The Madison Parks Foundation is highly regarded for its efforts in enhancing the city’s park system, which is already recognized as one of the best in the country. Reviewers appreciate the organization's commitment to inclusivity and accessibility, highlighting that it actively works to make parks more accommodating for all members of the community.

Overall, the sentiment surrounding the Madison Parks Foundation is overwhelmingly positive, with patrons feeling confident in the impactful work being done to improve local parks for everyone.


This AI summary has been generated from reviews found on Facebook.

Is Madison Parks Foundation Inc legitimate?

Madison Parks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Parks Foundation 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: $91,027
Professional Fundraising Fees: $256
Other Salaries and Wages: $19,231

For more financial information, click here


Official website here: www.madisonparksfoundation.org

What is the mission statement of Madison Parks Foundation Inc?

Madison Parks Foundation Inc, serving as the non-profit partner for various parks, is committed to preserving, promoting, and enhancing these community spaces. Their mission involves assisting in the conservation and improvement of parks, fostering their development, and refurbishing playground equipment. By doing so, they contribute to the betterment of their community's green spaces.


Official website here: www.madisonparksfoundation.org

Who is the CEO of Madison Parks Foundation Inc?

Stephanie Franklin is the Executive Director of Madison Parks Foundation Inc.


Official website here: www.madisonparksfoundation.org

What is the revenue of Madison Parks Foundation Inc?

Madison Parks Foundation Inc's revenue in 2022 was $921,608.


Official website here: www.madisonparksfoundation.org

Who are the executives of Madison Parks Foundation Inc and what are their salaries?

The average compensation at Madison Parks Foundation Inc during 2022 was $55,129. There are 2 employees and 11 volunteers at Madison Parks Foundation Inc.


Here are 12 key members and their salaries:


Maureen Lokrantz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ty Beck (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Bogle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Engelke (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catie Mcdonald (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Iverson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristin Kupres (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Clausius (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Oleksiak (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pierce Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sam Sullivan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Franklin (Executive Director)
  • Compensation: $84,700
  • Related: $0
  • Other: $6,327


Official website here: www.madisonparksfoundation.org

Where can I find the form 990 for Madison Parks Foundation Inc?

Madison Parks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.madisonparksfoundation.org

Learn more at the official website: www.madisonparksfoundation.org

Mission Statement of Madison Parks Foundation Inc

Madison Parks Foundation Inc, serving as the non-profit partner of Madison Parks, is dedicated to helping the community preserve, promote, and enhance their parks. Its mission is centered around conserving the natural beauty and recreational spaces within the community, and enhancing their overall utility and accessibility for all residents. The foundation contributes to various park projects, aiding in the development of new parks and the restoration and renewal of playground equipment to ensure these spaces remain enjoyable and safe for all.

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Impact




October, 2024

Madison Parks Foundation Inc significantly enhances the community by advocating for the conservation, promotion, and improvement of local parks in Madison, WI. Through various projects, the organization has played a vital role in the development and restoration of park facilities, including playground equipment upgrades, ensuring safe and enjoyable spaces for families and individuals. By fostering a greater appreciation for outdoor recreational areas, the Madison Parks Foundation contributes to the overall well-being of the community, encouraging outdoor activities, environmental stewardship, and community engagement.




This information is meant to be a general summary of Madison Parks Foundation 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.

Revenue
$921,608 (2022)
Expenses
$812,970 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $56,928
  • Gross Receipts: $996,649

Assets and Liabilities:

  • Total Assets: $4,055,724
  • Total Liabilities: $693,211
  • Net Assets: $3,362,513

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Organization Details

Founding Year

2003

Principal Officer

Stephanie Franklin

Main Address

PO BOX 259336, MADISON, WI, 53725

NTEE Category

Code: W24 - Public benefit

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