Overview
What is Monroe Park Conservancy?
Monroe Park Conservancy is a nonprofit organization, based in Richmond, Virginia, with a primary mission to restore and enhance Monroe Park, a significant historical, cultural, environmental, and recreational landmark for the city, VCU, and local residents and businesses. The organization was established as a collaboration between the City of Richmond and Virginia Commonwealth University, with the objective of raising funds for the park's restoration. As of June 30, 2019, construction on the park was completed, and it is now open to the public. The Monroe Park Conservancy's efforts contribute to the preservation and improvement of this vital community space.
Official website here: www.monroepark.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Monroe Park Conservancy has achieved a solid Three-Star rating, reflecting a strong focus on accountability and finance. The organization is noted for its outstanding governance, with 100% of its board members being independent, and it has effective policies in place, such as a conflict of interest and whistleblower policy. The charity also demonstrates transparency by listing its website on the tax form and documenting board meeting minutes.
However, the rating is significantly impacted by its liabilities to assets ratio of 310.14%, which received no points in that category. While the program expense ratio is commendable at 72.53%, indicating that a large majority of funds are directed towards programs, the high liability ratio may raise concerns about the organization's financial stability. Overall, while Monroe Park Conservancy shows strong governance practices, potential donors may want to consider the implications of its financial indicators.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Park Conservancy legitimate?
Monroe Park Conservancy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Park Conservancy 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: $244
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.monroepark.com
What is the mission statement of Monroe Park Conservancy?
The Monroe Park Conservancy's mission is centered around the restoration, enhancement, and operation of Monroe Park, a historically significant park in Richmond. This park holds cultural, environmental, and recreational importance for the city, Virginia Commonwealth University, local residents, and businesses. The conservancy was established with the aim of raising funds to restore Monroe Park. Following a public-private partnership with the City of Richmond and Virginia Commonwealth University, construction on the park was completed by 2019, and it was subsequently opened to the public. The Conservancy's activities are focused on preserving and maintaining Monroe Park, ensuring it continues to serve as a vital community space.
Official website here: www.monroepark.com
Who is the CEO of Monroe Park Conservancy?
Thomas Lisk is the President; Director of Monroe Park Conservancy.
Official website here: www.monroepark.com
What is the revenue of Monroe Park Conservancy?
Monroe Park Conservancy's revenue in 2022 was $64,488.
Official website here: www.monroepark.com
Who are the executives of Monroe Park Conservancy and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.monroepark.com
Where can I find the form 990 for Monroe Park Conservancy?
Monroe Park Conservancy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.monroepark.com
Learn more at the official website: www.monroepark.com
Mission Statement of Monroe Park Conservancy
The Monroe Park Conservancy, a distinguished organization, was established with the primary goal of overseeing the restoration, enhancement, and operation of Monroe Park. This historical landmark holds cultural, environmental, and recreational significance for the city of Richmond, Virginia Commonwealth University, and the local community and businesses. The Conservancy's main mission is to secure funding for the restoration of Monroe Park, a collaborative effort between the city of Richmond and Virginia Commonwealth University. As of June 30, 19, construction on the park has been completed, and the park is now open to the public, enabling the community to enjoy its renovated beauty.
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Impact
August, 2024
Monroe Park Conservancy has had a significant impact on the restoration, enhancement, and operation of Richmond's Monroe Park. The organization has played a crucial role in revitalizing this historic landmark, which holds cultural, environmental, and recreational significance for the city of Richmond, Virginia Commonwealth University, area residents, and businesses. By raising funds and working in partnership with the city of Richmond and VCU, Monroe Park Conservancy has successfully completed the renovation and operation of Monroe Park, making it accessible to the public once again.
This information is meant to be a general summary of Monroe Park Conservancy. 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: $36
- Program Service Revenue: $1,352
- Gross Receipts: $64,488
Assets and Liabilities:
- Total Assets: $136,276
- Total Liabilities: $422,648
- Net Assets: -$286,372
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$1,352
Organization Details
Founding Year
2011
Phone
(804) 788-8408Principal Officer
Thomas Lisk
Main Address
P O BOX 25926, RICHMOND, VA, 23260
Website
www.monroepark.comNTEE Category
Code: N32 - Recreation
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