Overview
What is Faust Park Foundation Fka Friends Of The Carousel?
Faust Park Foundation, formerly known as Friends of the Carousel, is a nonprofit organization located in Chesterfield, Missouri. With a team of 15 dedicated individuals, their primary mission is to operate the St. Louis Carousel, a vintage attraction featuring 60 hand-carved horses and four deer. This carousel, housed in a climate-controlled building within Faust Park, offers both public rides and private rentals. The foundation's purpose is to raise funds and provide support for the carousel's continuous maintenance and restoration, ensuring its preservation for the benefit of St. Louis County residents.
Official website here: www.stlouiscarousel.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Faust Park Foundation, formerly known as Friends of the Carousel, holds a solid Three-Star rating with an overall score of 83%. This rating reflects the foundation's strong accountability and financial management practices, indicating a commitment to transparency and effective use of resources. The organization boasts an independent board with 100% independent members, which enhances its governance and decision-making processes.
Strengths of the Faust Park Foundation include a commendable program expense ratio of 83.52%, showcasing its dedication to prioritizing programmatic expenditures over administrative costs. Additionally, the absence of material diversion of assets and the presence of a conflict of interest policy further contribute to its strong accountability framework. The foundation also effectively maintains documentation, such as board meeting minutes, which is crucial for ongoing governance practices.
However, the foundation is noted to be missing policies related to whistleblower protections and document retention and destruction. Addressing these gaps could enhance its governance framework and ensure more robust risk management practices going forward. Overall, the Faust Park Foundation demonstrates reliability and effectiveness in its operations while identifying areas for potential improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Faust Park Foundation Fka Friends Of The Carousel legitimate?
Faust Park Foundation Fka Friends Of The Carousel is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faust Park Foundation Fka Friends Of The Carousel 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: $52,849
For more financial information, click here
Official website here: www.stlouiscarousel.com
What is the mission statement of Faust Park Foundation Fka Friends Of The Carousel?
The Faust Park Foundation, formerly known as Friends of the Carousel, has a mission to operate an antique carousel for the benefit of St. Louis County residents. The foundation was established with the purpose of raising funds and various forms of support for the carousel's continuous maintenance and restoration. The St. Louis Carousel, located in a climate-controlled building within Faust Park, offers rides and private rentals with its 60 hand-carved horses and four deer. The foundation's activities are aimed at ensuring the carousel's preservation and continued enjoyment for the community.
Official website here: www.stlouiscarousel.com
What is the revenue of Faust Park Foundation Fka Friends Of The Carousel?
Faust Park Foundation Fka Friends Of The Carousel's revenue in 2023 was $136,171.
Official website here: www.stlouiscarousel.com
Who are the executives of Faust Park Foundation Fka Friends Of The Carousel and what are their salaries?
The average compensation at Faust Park Foundation Fka Friends Of The Carousel during 2023 was $5,265. There 34 volunteers at Faust Park Foundation Fka Friends Of The Carousel.
Here are 7 key members and their salaries:
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Official website here: www.stlouiscarousel.com
Where can I find the form 990 for Faust Park Foundation Fka Friends Of The Carousel?
Faust Park Foundation Fka Friends Of The Carousel's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stlouiscarousel.com
Learn more at the official website: www.stlouiscarousel.com
Mission Statement of Faust Park Foundation Fka Friends Of The Carousel
The Faust Park Foundation, formerly known as Friends Of The Carousel, has a mission to operate an antique carousel for the benefit of St. Louis County residents. Established with the purpose of raising funds and securing support for the carousel's continuous maintenance and restoration, this organization plays a significant role in preserving this historical attraction. The St. Louis Carousel, housed within a climate-controlled building in beautiful Faust Park, offers rides and the opportunity for private rentals, featuring 60 hand-carved horses and four deer. The Faust Park Foundation's mission is to ensure that this cherished piece of St. Louis County's heritage continues to delight and engage its residents for generations to come.
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Impact
October, 2024
Faust Park Foundation, formerly known as Friends Of The Carousel, has a significant impact on the community of St. Louis County by operating a cherished antique carousel that provides joy and entertainment to residents and visitors alike. The St. Louis Carousel, with its 60 beautifully hand-carved horses and four deer, is a unique attraction housed in a climate-controlled building within the picturesque Faust Park in Chesterfield.
By offering rides and private rentals, the carousel serves as a gathering place for families, children, and special events, fostering community connections and creating lasting memories. The foundation's efforts ensure the continual maintenance and restoration of this historic treasure, preserving it for future generations to enjoy. Furthermore, the organization plays a vital role by engaging the community in arts and culture, enhancing the overall cultural landscape of St. Louis County.
This information is meant to be a general summary of Faust Park Foundation Fka Friends Of The Carousel. 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 2023.
- Investment Income: $402
- Program Service Revenue: $121,694
- Gross Receipts: $164,289
Assets and Liabilities:
- Total Assets: $549,218
- Total Liabilities: $9,008
- Net Assets: $540,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAROUSEL RIDES
Revenue
$115,257
CAMPS
Revenue
$6,437
Organization Details
Founding Year
1982
Principal Officer
Robert Hoffman
Website
www.stlouiscarousel.comNTEE Category
Code: A82Z - Arts
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