Overview
What is Lake Mcmurtry Friends Inc?
Lake Mcmurtry Friends Inc is a nonprofit organization based in Stillwater, Oklahoma, primarily dedicated to the management and enhancement of the park at Lake Mcmurtry, a city property. Their mission is to promote and operate this park for the benefit and enjoyment of city residents. They strive to ensure the park is well-maintained, accessible, and offers an enriching experience for all who visit. With a workforce of 22 employees, Lake Mcmurtry Friends Inc plays a crucial role in preserving and improving a cherished community space for recreation and relaxation.
Official website here: www.lakemcmurtry.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Lake Mcmurtry Friends Inc has received a Two-Star rating from Charity Navigator, indicating that there are some areas of concern regarding accountability and transparency. The organization excels in several areas such as having a fully independent board and no material diversion of assets, which reflects positively on its governance practices.
However, the nonprofit has notable shortcomings, particularly in its absence of key policies such as a whistleblower policy and document retention and destruction procedures. Additionally, the failure to post its tax form on its website raises concerns about the organization's commitment to transparency. Despite these limitations, the organization demonstrates a strong program expense ratio, allocating nearly all of its resources towards its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Mcmurtry Friends Inc legitimate?
Lake Mcmurtry Friends Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Mcmurtry Friends Inc 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: $287,701
For more financial information, click here
Official website here: www.lakemcmurtry.com
What is the mission statement of Lake Mcmurtry Friends Inc?
Lake Mcmurtry Friends Inc is dedicated to enhancing and promoting the operation of the park at Lake Mcmurtry, a city-owned property. Their mission is to manage this park for the benefit and enjoyment of city residents. Their primary goal is to oversee the park's daily operations, ensuring it serves as a welcoming and enjoyable space for all. Through their work, they aim to contribute to the city's recreational offerings and community life.
Official website here: www.lakemcmurtry.com
Who is the CEO of Lake Mcmurtry Friends Inc?
Janet Stewart is the Treasurer of Lake Mcmurtry Friends Inc.
Official website here: www.lakemcmurtry.com
What is the revenue of Lake Mcmurtry Friends Inc?
Lake Mcmurtry Friends Inc's revenue in 2023 was $518,097.
Official website here: www.lakemcmurtry.com
Who are the executives of Lake Mcmurtry Friends Inc and what are their salaries?
The average compensation at Lake Mcmurtry Friends Inc during 2023 was $13,077. There are 22 employees at Lake Mcmurtry Friends Inc.
Here are 5 key members and their salaries:
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Official website here: www.lakemcmurtry.com
Where can I find the form 990 for Lake Mcmurtry Friends Inc?
Lake Mcmurtry Friends Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lakemcmurtry.com
Learn more at the official website: www.lakemcmurtry.com
Mission Statement of Lake Mcmurtry Friends Inc
Lake McMurtry Friends Inc, a non-profit organization, is dedicated to enhancing and promoting the operation of the park at Lake McMurtry, a property owned by the City of Stillwater. The mission of this organization is to manage this park for the benefit and enjoyment of city residents. By doing so, Lake McMurtry Friends Inc strives to contribute to the community by maintaining a welcoming and well-maintained space for all to enjoy.
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Impact
July, 2024
Lake McMurtry Friends Inc's impact is focused on enhancing and promoting the park at Lake McMurtry, a property of the city of Stillwater, Oklahoma. Through their dedicated management of the park, they provide city residents with a space for recreation, relaxation, and enjoyment. By maintaining and operating this natural environment, Lake McMurtry Friends Inc contributes to the well-being and quality of life for the community. Their efforts align with their mission to ensure that the park is a valuable asset for residents to appreciate and benefit from.
This information is meant to be a general summary of Lake Mcmurtry Friends Inc. 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.
- Program Service Revenue: $264,958
- Gross Receipts: $518,097
Assets and Liabilities:
- Total Assets: $139,593
- Total Liabilities: $45,307
- Net Assets: $94,286
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCESSIONS
Revenue
$6,914
EVENT INCOME
Revenue
$49,154
HAY INCOME
Revenue
$2,013
PROGRAM INCOME
Revenue
$206,877
Organization Details
Phone
(405) 747-8085Principal Officer
Janet Stewart
Main Address
PO BOX 1058, Stillwater, OK, 74074
Website
www.lakemcmurtry.comNTEE Category
Code: C11 - Environment
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