Overview
What is The Tower Grove Park Foundation?
The Tower Grove Park Foundation is a nonprofit organization situated in Saint Louis, Missouri, specifically at 4257 Northeast Drive. Its primary role is to manage the investment and distribution of endowment funds on behalf of Tower Grove Park, a quasi-governmental entity that has a close affiliation with the City of Saint Louis. The foundation's mission aligns with supporting Tower Grove Park's mission and programs, ensuring the long-term success and well-being of this cherished public space.
Official website here: www.towergrovepark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating
The Tower Grove Park Foundation has received an impressive 97% score from Charity Navigator, indicating a strong commitment to accountability and financial management. The foundation's rating is solely based on its accountability and finance score, reflecting their efficient use of funds and transparency in operations.
Notably, the organization boasts a fully independent board, which enhances its credibility and governance. All board members are independent, and there is a robust audit and oversight committee ensuring proper financial practices. The foundation has no reported issues related to material diversion of assets, indicating a high level of integrity in handling its resources.
Financially, the foundation demonstrates exceptional performance with a program expense ratio of 99.81%, meaning nearly all funds are directed towards its mission. Additionally, the fundraising efficiency ratio is remarkably low at $0.002, signifying effective fundraising strategies. Overall, the Tower Grove Park Foundation exemplifies a well-managed nonprofit that prioritizes its mission and financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Tower Grove Park Foundation legitimate?
The Tower Grove Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tower Grove 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
Official website here: www.towergrovepark.org
What is the mission statement of The Tower Grove Park Foundation?
The Tower Grove Park Foundation's mission is to aid in the mission and programs of Tower Grove Park. Specifically, it manages the investment and disbursement of endowment funds on behalf of Tower Grove Park, a quasi-governmental entity affiliated with the City of St. Louis, Missouri. The foundation's role is to support the park's initiatives, ensuring its continued growth and development. This involves managing financial resources to fund various projects and programs that align with the park's mission. The foundation's work contributes to the preservation and enhancement of Tower Grove Park, benefiting the community and visitors who enjoy its resources.
Official website here: www.towergrovepark.org
Who is the CEO of The Tower Grove Park Foundation?
Thomas Helm is the Director of The Tower Grove Park Foundation.
Official website here: www.towergrovepark.org
What is the revenue of The Tower Grove Park Foundation?
The Tower Grove Park Foundation's revenue in 2022 was $2,038,196.
Official website here: www.towergrovepark.org
Who are the executives of The Tower Grove Park Foundation and what are their salaries?
There 7 volunteers at The Tower Grove Park Foundation.
Here are 7 key members and their salaries:
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Official website here: www.towergrovepark.org
Where can I find the form 990 for The Tower Grove Park Foundation?
The Tower Grove Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.towergrovepark.org
Learn more at the official website: www.towergrovepark.org
Mission Statement of The Tower Grove Park Foundation
The Tower Grove Park Foundation, in its mission, aids Tower Grove Park in achieving its objectives and programs. Specifically, the foundation is responsible for managing and disbursing endowment funds on behalf of Tower Grove Park, a quasi-governmental entity that is affiliated with the city of St. Louis, Missouri. In essence, the foundation plays a crucial role in supporting Tower Grove Park's mission, ensuring its financial stability and enabling it to continue providing essential services to its community.
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Impact
July, 2024
The Tower Grove Park Foundation's impact is focused on managing investment and disbursement of endowment funds to support the mission and programs of Tower Grove Park in St. Louis, Missouri. Through its role as a quasi-governmental entity affiliated with the city, the Foundation plays a key role in ensuring the sustainability and enhancement of this iconic park, ultimately contributing to the community's access to recreation and green spaces.
This information is meant to be a general summary of The Tower Grove 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: $341,082
- Gross Receipts: $2,038,196
Assets and Liabilities:
- Total Assets: $12,360,546
- Total Liabilities: $0
- Net Assets: $12,360,546
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Organization Details
Founding Year
1986
Phone
(314) 771-2679Principal Officer
Thomas Helm
Main Address
4257 NORTHEAST DRIVE, SAINT LOUIS, MO, 63110
Website
www.towergrovepark.orgNTEE Category
Code: N11 - Recreation
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