Overview
What is Millennium Park Foundation?
The Millennium Park Foundation (MPF) is a nonprofit organization located in Chicago, Illinois, specifically at 201 East Randolph. Their primary mission involves supporting the City of Chicago in the operation and programming of Millennium Park. This entails providing annual funding in various forms, such as curating and maintaining public art installations like Cloud Gate and the Crown Fountain, maintaining public sculpture exhibitions in the Boeing Galleries, and enhancing the park's landscape. MPF also maintains the Lurie Garden and supports summer and winter exercise programs, ensuring Millennium Park remains one of Chicago's most popular attractions. Furthermore, MPF contributes to a multitude of free arts and culture programs at the park. With a team of six dedicated individuals, MPF plays a crucial role in preserving and enriching Chicago's cultural scene.
Official website here: www.millenniumparkfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Millennium Park Foundation has achieved a high rating of 95%, reflecting strong accountability and financial management. The charity's score is solely based on the Accountability & Finance beacon, indicating a robust financial structure and governance. With an independent board consisting of 100% independent members and a solid commitment to transparency, the foundation demonstrates a commitment to ethical practices.
The foundation's financial ratios also illustrate its efficiency, with an impressive program expense ratio of 81.25% and low fundraising costs. This indicates that a significant portion of the funds is directed toward its programs rather than administrative costs, which is a positive indicator for potential donors. Additionally, the foundation maintains a very low liabilities-to-assets ratio, demonstrating strong financial health.
However, a noted limitation is the absence of a whistleblower policy, which may raise concerns regarding internal accountability. Despite this, the overall financial practices and governance of Millennium Park Foundation position it as a trustworthy charity that effectively utilizes its resources for its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Millennium Park Foundation legitimate?
Millennium Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millennium Park Foundation 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: $76,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $235,516
For more financial information, click here
Official website here: www.millenniumparkfoundation.org
What is the mission statement of Millennium Park Foundation?
The Millennium Park Foundation's mission is to support the City of Chicago in operating and programming Millennium Park, acting as its curators. The organization provides annual support in various ways, such as curating and maintaining public art installations like Cloud Gate and the Crown Fountain, maintaining the Lurie Garden, offering summer and winter exercise programs, and enhancing the park's landscape. Furthermore, the Millennium Park Foundation supports the City of Chicago with various free arts and culture programs at the park, ensuring that Millennium Park remains one of Chicago's most popular attractions, maintained at the highest standards.
Official website here: www.millenniumparkfoundation.org
Who is the CEO of Millennium Park Foundation?
Christine Zrinsky is the Chair & Acting President of Millennium Park Foundation.
Official website here: www.millenniumparkfoundation.org
What is the revenue of Millennium Park Foundation?
Millennium Park Foundation's revenue in 2022 was $2,026,396.
Official website here: www.millenniumparkfoundation.org
Who are the executives of Millennium Park Foundation and what are their salaries?
The average compensation at Millennium Park Foundation during 2022 was $51,924. There are 6 employees and 25 volunteers at Millennium Park Foundation.
Here are 17 key members and their salaries:
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Official website here: www.millenniumparkfoundation.org
Where can I find the form 990 for Millennium Park Foundation?
Millennium Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millenniumparkfoundation.org
Learn more at the official website: www.millenniumparkfoundation.org
Mission Statement of Millennium Park Foundation
The Millennium Park Foundation (MPF) is dedicated to aiding the City of Chicago in maintaining and enriching the operation and programming of Millennium Park. Serving as the park's curators, the organization plays a pivotal role in ensuring the park retains its status as one of Chicago's most popular attractions. MPF provides annual support in various ways, such as curating and preserving public art installations, like Cloud Gate and the Crown Fountain, as well as public sculpture exhibitions in the Boeing Galleries. Additionally, MPF maintains the Lurie Garden and supports summer and winter exercise programs, while enhancing the park's landscape. Beyond these efforts, Millennium Park Foundation contributes to the city by offering a plethora of free arts and culture programs at the park. This comprehensive support provided by MPF is crucial for the park to remain at its highest standards and continue capturing the interest of visitors.
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Impact
October, 2024
The Millennium Park Foundation significantly enhances the vitality and appeal of Millennium Park, one of Chicago's most cherished attractions. By providing essential support for the park's operation and programming, it plays a critical role in curating and maintaining iconic public art installations such as Cloud Gate and the Crown Fountain, as well as the Jay Pritzker Pavilion.
The foundation is also instrumental in organizing and maintaining dynamic public sculpture exhibitions in the Boeing Galleries and ensuring the beauty of the Lurie Garden. Through its efforts, the Millennium Park Foundation enriches the cultural landscape of the park by supporting a variety of free arts and culture programs, summer and winter exercise initiatives, and ongoing landscape enhancements.
This multifaceted support not only preserves the park’s status as a premier destination for locals and tourists alike but also fosters community engagement and promotes a vibrant outdoor space for recreation and cultural experiences. As a result, the foundation’s impact is felt throughout the city, reinforcing Millennium Park’s role as a vital hub for the arts and public life in Chicago.
This information is meant to be a general summary of Millennium Park Foundation. 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: $982,396
- Gross Receipts: $38,956,344
Assets and Liabilities:
- Total Assets: $44,371,110
- Total Liabilities: $61,661
- Net Assets: $44,309,449
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Organization Details
Founding Year
1998
Phone
(312) 605-8580Principal Officer
Christine Zrinsky
Main Address
201 EAST RANDOLPH, CHICAGO, IL, 60601
NTEE Category
Code: N320 - Recreation
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