Overview
What is Lincoln Park Foundation?
The Lincoln Park Foundation is a nonprofit organization that is dedicated to the development of community parks and playgrounds. Their primary mission is to initiate the construction of a new community park, showcasing their commitment to enhancing public spaces for recreation and enjoyment. Beyond park development, the foundation also provides programs that support the growth and improvement of existing parks and playgrounds, contributing to the overall well-being and engagement of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 30%
The Lincoln Park Foundation has received a low score of 30%, resulting in a Zero-Star out of Four Star rating. This rating reflects serious concerns regarding its accountability and financial practices. While the foundation benefits from an entirely independent board and has not diverted any assets, it lacks several essential governance policies, which significantly impacts its overall score.
Specifically, the foundation's website is not listed on its tax form, and it is missing key policies such as conflict of interest and whistleblower protections. Additionally, the absence of documented board meeting minutes and failure to post required tax documents on its website further contribute to its poor accountability assessment.
Financially, the foundation has a concerning liability to assets ratio of 0.00%, indicating potential financial instability. There are also no program expenses reported, which raises questions about the foundation's operational activities and programmatic impact. Overall, while the Lincoln Park Foundation has some strengths in board independence, it faces significant challenges in governance and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Lincoln Park Foundation legitimate?
Lincoln Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lincoln 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Lincoln Park Foundation?
The Lincoln Park Foundation's mission revolves around the development of a new community park and providing programs that foster the growth and improvement of parks and playgrounds. They actively work towards creating these communal spaces, contributing to the overall betterment of their community.
Who is the CEO of Lincoln Park Foundation?
Michael A Alexander is the President of Lincoln Park Foundation.
What is the revenue of Lincoln Park Foundation?
Lincoln Park Foundation's revenue in 2022 was $100.
Who are the executives of Lincoln Park Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lincoln Park Foundation?
Lincoln Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lincoln Park Foundation
The Lincoln Park Foundation, a nonprofit organization, is dedicated to the development of a brand-new community park. Beyond this primary mission, the foundation also engages in initiatives to foster the growth and improvement of parks and playgrounds within the community. By undertaking these projects, the Lincoln Park Foundation aims to contribute to the overall well-being and enjoyment of the community members.
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Impact
October, 2024
The Lincoln Park Foundation significantly impacts the community in Mt. Vernon, IL by spearheading the development of a new community park. This initiative not only provides essential recreational spaces but also enhances the overall quality of life for residents. Through various programs dedicated to the development of parks and playgrounds, the foundation fosters community engagement, encourages healthy living, and creates opportunities for social interaction. The establishment of this park serves as a vital resource, promoting outdoor activities and supporting the well-being of families in the area.
This information is meant to be a general summary of Lincoln 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: $45
- Gross Receipts: $645
Assets and Liabilities:
- Total Assets: $678,146
- Total Liabilities: $0
- Net Assets: $678,146
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Organization Details
Founding Year
1994
Phone
(618) 244-3000Principal Officer
Michael A Alexander
Main Address
1 DOCTORS PARK ROAD SUITE A, MT VERNON, IL, 62864
NTEE Category
Code: N32 - Recreation
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