Overview
What is Friends Of The Parks?
Friends of the Parks is a nonprofit organization situated in Chicago, Illinois, specifically at 67 East Madison Suite 1817. Their primary mission is to improve neighborhood parks, playgrounds, and open spaces by partnering with park advisory councils, community organizations, and citizens. This collaboration aims to enhance the quality of these areas for the benefit of Chicago's residents. Friends of the Parks inspires, equips, and mobilizes a diverse Chicago community to ensure an equitable park system, contributing to the overall health and well-being of the city. With a team of 10 dedicated individuals, they work tirelessly to achieve this mission.
Official website here: www.fotp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)
Friends Of The Parks has received a commendable rating of 84%, indicating a solid performance in terms of accountability and finance. The organization boasts a substantial percentage of independent board members (90%), which enhances its governance structure. Additionally, it has scored full points for its audit and oversight practices, as well as for its policies on conflict of interest and whistleblower protections.
The nonprofit demonstrates a strong commitment to transparency, with its financial statements properly documented and accessible on its tax form. The program expense ratio of 66.65% suggests that a significant portion of funds is directed towards its programs, reflecting a focus on its mission. However, the liabilities to assets ratio at 60.56% may raise some concerns about the organization’s financial stability.
Overall, Friends Of The Parks shows a well-managed operation with robust governance practices and effective program spending. While its financial leverage may require monitoring, the charity's commitment to accountability and transparency enhances its credibility within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Parks legitimate?
Friends Of The Parks is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Parks 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: $313,420
For more financial information, click here
Official website here: www.fotp.org
What is the mission statement of Friends Of The Parks?
Friends of the Parks inspires, equips, and mobilizes a diverse Chicago community to ensure an equitable park system for a healthy city. Their mission is to improve neighborhood parks, playgrounds, and open spaces by partnering with park advisory councils, community organizations, and citizens. This non-profit organization aims to make a positive impact on the city's parks, promoting equality and contributing to the overall well-being of the community.
Official website here: www.fotp.org
What is the revenue of Friends Of The Parks?
Friends Of The Parks's revenue in 2023 was $346,594.
Official website here: www.fotp.org
Who are the executives of Friends Of The Parks and what are their salaries?
The average compensation at Friends Of The Parks during 2023 was $62,684. There are 5 employees and 7 volunteers at Friends Of The Parks.
Here are 8 key members and their salaries:
- Compensation: $149,366
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Official website here: www.fotp.org
Where can I find the form 990 for Friends Of The Parks?
Friends Of The Parks's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fotp.org
Learn more at the official website: www.fotp.org
Mission Statement of Friends Of The Parks
Friends of the Parks, a nonprofit organization, inspires, equips, and mobilizes a diverse Chicago community to ensure an equitable park system for a healthy city. The mission of Friends of the Parks is to engage and empower the city's residents in improving neighborhood parks, playgrounds, and open spaces. By partnering with park advisory councils, community organizations, and citizens, the organization aims to enhance the quality of these public spaces, promoting a healthier and more inclusive city for all its residents.
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Impact
July, 2024
Friends Of The Parks inspires, equips, and mobilizes a diverse Chicago to ensure an equitable park system for a healthy Chicago. Through their Neighborhood Parks Program, they partner with and educate park advisory councils, community organizations, and citizens to improve neighborhood parks, playgrounds, and open spaces. Their impact is felt in the tangible improvements made to Chicago's park system, creating healthier and more accessible recreational spaces for all residents.
This information is meant to be a general summary of Friends Of The Parks. 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 2023.
- Investment Income: $2,404
- Gross Receipts: $346,594
Assets and Liabilities:
- Total Assets: $1,315,588
- Total Liabilities: $796,729
- Net Assets: $518,859
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Organization Details
Founding Year
1975
Principal Officer
Juanita Irizarry
Website
www.fotp.orgNTEE Category
Code: N32I - Recreation
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