Overview
What is Norwood Park Foundation?
The Norwood Park Foundation, based in Austin, Texas, is a dedicated nonprofit organization with a mission to preserve and restore the historic Norwood House. By restoring the building's exterior and rehabilitating the surrounding grounds and gardens, the foundation aims to repurpose the property as a self-sustaining rental venue and community meeting space. Since its inception, the foundation's significant activities have included stabilizing the Norwood House, managing the Norwood site, completing design work, obtaining necessary permits, and raising funds to complete the project. The Norwood Park Foundation's goal is to share this public park asset with the Austin community.
Official website here: www.norwoodparkfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Norwood Park Foundation has been rated as a two-star organization by Charity Navigator, indicating that the foundation requires improvement in its operations and transparency. With an overall score of 68%, the foundation demonstrates strengths in board governance, scoring full points for having a majority of independent board members and maintaining a robust conflict of interest policy. However, there are significant areas of concern, particularly in the management of financial liabilities and the absence of essential policies like whistleblower protections and document retention.
While the program expense ratio is notably high at 99.66%, suggesting effective allocation of funds towards programs, the liabilities to assets ratio raises red flags, standing at an alarming 1638.82%. This indicates potential financial instability, which could impact the foundation's long-term viability and its ability to fulfill its mission. Additionally, the lack of transparency is evident with missing tax forms and policies that are crucial for accountability.
Overall, while the Norwood Park Foundation shows promise in some governance aspects and program funding, the significant financial concerns and gaps in policy documentation highlight the need for substantial improvements to enhance accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Norwood Park Foundation?
While the Norwood Park Foundation has not yet received an extensive number of ratings, the existing reviews reflect a strong appreciation for its efforts. One reviewer highlighted the foundation's dedicated commitment to preserving a valuable property, praising the leadership of Wolf Sittler and the collective teamwork involved in the project.
The sentiment towards the foundation is very positive, emphasizing the impressive consistency and perseverance displayed in their mission. The efforts to maintain and protect the property have resonated well with those familiar with the foundation's work.
Overall, it appears that the Norwood Park Foundation is seen as a vital organization that truly cares about its cause and invests significant effort into achieving its goals.
This AI summary has been generated from reviews found on Facebook.
Is Norwood Park Foundation legitimate?
Norwood Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norwood 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:
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For more financial information, click here
Official website here: www.norwoodparkfoundation.org
What is the mission statement of Norwood Park Foundation?
The Norwood Park Foundation's mission is centered around restoring the Norwood House to its historical exterior, rehabilitating the surrounding grounds and gardens, and repurposing the property to serve as a premier, self-sustaining rental venue and community meeting space. Since its establishment, the foundation has significantly contributed through activities such as stabilizing the historic Norwood House, managing the Norwood site, completing design work for the project, obtaining necessary permits, and raising funds to complete the restoration project. The foundation aims to serve the public in Austin, ultimately providing a valuable resource for the community.
Official website here: www.norwoodparkfoundation.org
Who is the CEO of Norwood Park Foundation?
Colleen Theriot is the President of Norwood Park Foundation.
Official website here: www.norwoodparkfoundation.org
What is the revenue of Norwood Park Foundation?
Norwood Park Foundation's revenue in 2021 was $3,828.
Official website here: www.norwoodparkfoundation.org
Who are the executives of Norwood Park Foundation and what are their salaries?
There 25 volunteers at Norwood Park Foundation.
Here are 8 key members and their salaries:
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Official website here: www.norwoodparkfoundation.org
Where can I find the form 990 for Norwood Park Foundation?
Norwood Park Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.norwoodparkfoundation.org
Learn more at the official website: www.norwoodparkfoundation.org
Mission Statement of Norwood Park Foundation
The Norwood Park Foundation, a nonprofit organization, aims to revitalize the Norwood House to its original historic exterior, restore the surrounding historic grounds and gardens, and repurpose the property to serve the people of Austin as a self-sustaining rental venue and community meeting space. Since its inception, the organization has focused on stabilizing the historic Norwood House, maintaining the Norwood site, completing all design work for the project, obtaining necessary permits, and raising funds to complete the restoration efforts. The Norwood Park Foundation's mission is to preserve this historical landmark and provide a versatile space that serves the community, fostering a sense of unity and cultural appreciation.
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Impact
August, 2024
Norwood Park Foundation's impact lies in its efforts to restore the historic Norwood House to its original exterior appearance, revitalize the surrounding grounds and gardens, and repurpose the property as a premier rental venue and community meeting space in Austin. Key activities include stabilizing the Norwood House, managing the site, completing design work, securing permits, and raising funds for the project. Their mission is to preserve this historic asset and provide a space for public events, thereby contributing to the cultural heritage and community spirit of Austin.
This information is meant to be a general summary of Norwood 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 2021.
- Investment Income: $3
- Gross Receipts: $3,828
Assets and Liabilities:
- Total Assets: $29,731
- Total Liabilities: $487,238
- Net Assets: -$457,507
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Organization Details
Founding Year
2012
Phone
(512) 476-4902Principal Officer
Colleen Theriot
Main Address
PO BOX 5682, AUSTIN, TX, 78763
NTEE Category
Code: A80 - Arts
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