Overview
What is Friends Of Lake Forest Parks & Recreatio?
Friends of Lake Forest Parks & Recreation is a nonprofit organization located at 400 Hastings Road, Lake Forest, Illinois 60045. Its primary mission is to provide financial support for programs, facilities, and events beyond the city of Lake Forest's budget, enriching the Lake Forest Parks and Recreation Department. To accomplish this, the organization raises funds, such as for the Deerpath Golf Course Renovation Project. By doing so, Friends of Lake Forest Parks & Recreation aims to enhance the recreational experiences and facilities available to the community, contributing to a more vibrant and engaged local lifestyle.
Official website here: www.lfparksandrec.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Friends of Lake Forest Parks & Recreation has achieved a strong rating of 92% from Charity Navigator, reflecting a solid commitment to accountability and financial health. This high score is derived entirely from their Accountability & Finance beacon, showcasing their effective governance practices and transparent financial operations.
The organization excels in maintaining an independent board, with 100% of its board members being independent. It has a well-structured oversight committee and demonstrates strong financial ratios, such as a 95.15% program expense ratio, indicating that a significant portion of its funds is directed towards its mission-related activities.
However, the organization has been noted for lacking a whistleblower policy, which is an area for potential improvement. Despite this limitation, the overall financial practices and organizational integrity of Friends of Lake Forest Parks & Recreation indicate a robust framework aimed at fulfilling its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Lake Forest Parks & Recreatio legitimate?
Friends Of Lake Forest Parks & Recreatio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Lake Forest Parks & Recreatio 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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Official website here: www.lfparksandrec.com
What is the mission statement of Friends Of Lake Forest Parks & Recreatio?
The organization known as Friends Of Lake Forest Parks & Recreatio has a mission to support the programs, facilities, and events of the Lake Forest Parks and Recreation Department. This mission extends beyond the city of Lake Forest's budget. Specifically, the organization aims to provide financial support for initiatives that fall outside the department's allocated funds. One of their significant endeavors is funding the construction project for the renovation of the Deerpath Golf Course. This renovation is expected to enhance the quality and accessibility of recreational activities in the community.
Official website here: www.lfparksandrec.com
Who is the CEO of Friends Of Lake Forest Parks & Recreatio?
Jackie Greca is the President of Friends Of Lake Forest Parks & Recreatio.
Official website here: www.lfparksandrec.com
What is the revenue of Friends Of Lake Forest Parks & Recreatio?
Friends Of Lake Forest Parks & Recreatio's revenue in 2022 was $618,206.
Official website here: www.lfparksandrec.com
Who are the executives of Friends Of Lake Forest Parks & Recreatio and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.lfparksandrec.com
Where can I find the form 990 for Friends Of Lake Forest Parks & Recreatio?
Friends Of Lake Forest Parks & Recreatio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lfparksandrec.com
Learn more at the official website: www.lfparksandrec.com
Mission Statement of Friends Of Lake Forest Parks & Recreatio
Friends of Lake Forest Parks & Recreation, as an organization, is dedicated to supporting the programs, facilities, and events of the Lake Forest Parks and Recreation Department. Its mission is to provide financial assistance for initiatives that fall outside the city of Lake Forest's budget. Specifically, Friends of Lake Forest Parks & Recreation has undertaken a significant project by funding the construction of the Deerpath Golf Course renovation project. This nonprofit organization plays a crucial role in enhancing the recreational experiences and facilities within its community, ensuring that a wider range of programs and events can be offered to the public.
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Impact
July, 2024
Friends Of Lake Forest Parks & Recreation has a significant impact on the Lake Forest community by providing vital support for programs and facilities that enhance the quality of life for residents. Their mission to fund construction projects like the Deerpath Golf Course renovation ensures that the community has access to well-maintained and modern recreational spaces. By filling funding gaps and supporting events that may not be covered by the city's budget, Friends Of Lake Forest Parks & Recreation plays a crucial role in enhancing recreational opportunities for individuals of all ages. Overall, their work contributes to the vibrancy and enjoyment of the community's parks and recreation offerings.
This information is meant to be a general summary of Friends Of Lake Forest Parks & Recreatio. 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: $74
- Gross Receipts: $963,690
Assets and Liabilities:
- Total Assets: $756,834
- Total Liabilities: $25,336
- Net Assets: $731,498
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Organization Details
Founding Year
2000
Phone
(847) 234-6700Principal Officer
Jackie Greca
Main Address
400 HASTINGS ROAD, LAKE FOREST, IL, 60045
Website
www.lfparksandrec.comNTEE Category
Code: N110 - Recreation
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