Overview
What is The Lincoln Park Society?
The Lincoln Park Society is a nonprofit organization situated in Chicago, Illinois, specifically at 1601 North Clark Street. Their primary mission is to offer urban aid to the City of Chicago, alleviating governmental burdens. This is accomplished through the operation of a public parking facility. Additionally, The Lincoln Park Society extends its reach by providing urban planning assistance to the City of Chicago.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Lincoln Park Society has achieved a 78% rating from Charity Navigator, reflecting a solid performance in both accountability and financial health. The organization boasts a fully independent board, with 100% of its members meeting independence standards. It also demonstrates strong governance practices, including policies for conflicts of interest and whistleblowing, which are crucial for maintaining transparency and trust.
Financially, the charity has a program expense ratio of 69.39%, indicating that a significant portion of its funds is directed towards its programs. Additionally, the organization has received full marks for its audit and oversight committee, highlighting its commitment to rigorous financial oversight. However, it faces a concern with a liabilities-to-assets ratio of 105.11%, which points to potential financial risks that could affect its stability.
Overall, while The Lincoln Park Society exhibits commendable governance and programmatic focus, its financial liabilities raise some concerns that may warrant future attention. Continued transparency and strong financial management will be essential for sustaining its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Lincoln Park Society legitimate?
The Lincoln Park Society is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lincoln Park Society 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 The Lincoln Park Society?
The Lincoln Park Society was established with a dual purpose: firstly, to manage a public parking facility within the city, and secondly, to offer urban planning assistance to the city government. In essence, the organization aims to alleviate some of the administrative burdens faced by the city by operating a public parking facility, while simultaneously providing urban planning advice to enhance the city's infrastructure and development. By doing so, The Lincoln Park Society contributes to the overall improvement of the urban environment and the efficiency of city operations.
Who is the CEO of The Lincoln Park Society?
Steven Holloway is the Trustee of The Lincoln Park Society.
What is the revenue of The Lincoln Park Society?
The Lincoln Park Society's revenue in 2022 was $733,731.
Who are the executives of The Lincoln Park Society 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 The Lincoln Park Society?
The Lincoln Park Society's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Lincoln Park Society
The Lincoln Park Society, a nonprofit organization, was established with a dual purpose. Primarily, it was intended to manage a public parking facility within Chicago's city limits. Beyond this, the society also dedicated itself to offering urban planning assistance to the city, aiming to alleviate some of the government's responsibilities in this area. In essence, the Lincoln Park Society's mission was to combine the operation of a public parking facility with urban planning assistance, aiming to contribute positively to the city's overall development.
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Impact
October, 2024
The Lincoln Park Society plays a crucial role in enhancing urban infrastructure and community development in Chicago. By owning and operating a public parking facility, it alleviates parking challenges in a bustling urban area, thereby improving access to local businesses and services. This operational support not only facilitates smoother traffic flow but also boosts the local economy by encouraging more visitors to the area.
In addition to parking management, the Society provides essential urban planning assistance, collaborating with city officials to address land use and development needs. This involvement helps streamline governmental processes and fosters more sustainable urban growth, reflecting a commitment to community improvement. Ultimately, the Lincoln Park Society fosters a more navigable, accessible, and vibrant city, positively impacting residents and visitors alike.
This information is meant to be a general summary of The Lincoln Park Society. 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.
- Investment Income: $271
- Program Service Revenue: $733,460
- Gross Receipts: $733,731
Assets and Liabilities:
- Total Assets: $4,473,048
- Total Liabilities: $4,982,784
- Net Assets: -$509,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Parking Revenue
Revenue
$733,460
Organization Details
Founding Year
1995
Phone
(312) 799-2230Principal Officer
Steven Holloway
Main Address
1601 North Clark Street, Chicago, IL, 606146099
NTEE Category
Code: S31 - Community improvement
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