Overview
What is Lafayette Central Park Inc?
Lafayette Central Park Inc is a dedicated nonprofit organization, located at 2851 Johnston Street 164, Lafayette, LA 70503. Their primary mission is to develop, maintain, and operate a public park by securing funds for its design, construction, and perpetual upkeep. This community park, leased from the City of Lafayette on approximately 100 acres, is their main project, aimed at benefiting the city and its surrounding area. With a workforce of 28 individuals, Lafayette Central Park Inc is committed to enhancing local recreational spaces and fostering a sense of community.
Official website here: www.moncuspark.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Lafayette Central Park Inc has earned a strong Four-Star rating from Charity Navigator, with a notable score of 91%. This high score reflects the organization's commitment to accountability and financial practices, indicating that it manages its resources effectively and transparently. The metrics used to calculate this score are impressive, particularly the 100% independent board and the absence of material asset diversions, showcasing a dedication to governance and oversight.
Strengths of the organization include a solid program expense ratio of 67.5%, which suggests that a significant portion of its budget is allocated directly to its programs and services. The fundraising efficiency ratio is also commendable, demonstrating that the organization raises funds effectively with minimal costs. While the financial health appears robust, with a working capital ratio of 12.59 years, the absence of key policies such as a whistleblower policy and a document retention and destruction policy indicates areas for improvement in governance practices.
Overall, Lafayette Central Park Inc shows strong performance in financial management and accountability, supported by an independent board structure. However, addressing the noted limitations in policy documentation could enhance its governance and further strengthen trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lafayette Central Park Inc legitimate?
Lafayette Central Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Central Park 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: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $768,622
For more financial information, click here
Official website here: www.moncuspark.org/
What is the mission statement of Lafayette Central Park Inc?
Lafayette Central Park Inc's mission is centered around planning, designing, constructing, and maintaining a community park on a 100-acre plot leased from the City. Their primary objective is to enhance the local area by developing and operating a public park. They raise funds for the park's design, construction, and long-term maintenance, ensuring the park's sustainability and continuous upkeep. The organization's work aims to provide a recreational space for the community, fostering a sense of unity and enjoyment.
Official website here: www.moncuspark.org/
Who is the CEO of Lafayette Central Park Inc?
Rodney Savoy is the Treasurer of Lafayette Central Park Inc.
Official website here: www.moncuspark.org/
What is the revenue of Lafayette Central Park Inc?
Lafayette Central Park Inc's revenue in 2022 was $4,663,046.
Official website here: www.moncuspark.org/
Who are the executives of Lafayette Central Park Inc and what are their salaries?
The average compensation at Lafayette Central Park Inc during 2022 was $32,272. There are 28 employees and 202 volunteers at Lafayette Central Park Inc.
Here are 17 key members and their salaries:
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Official website here: www.moncuspark.org/
Where can I find the form 990 for Lafayette Central Park Inc?
Lafayette Central Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moncuspark.org/
Learn more at the official website: www.moncuspark.org/
Mission Statement of Lafayette Central Park Inc
Lafayette Central Park Inc, a nonprofit organization, is committed to planning, designing, constructing, and maintaining a community park spanning approximately 100 acres in a location provided by the City. Their primary mission is to develop, manage, and sustain this public space, ensuring its long-term maintenance through the accumulation of funds for design and construction, as well as establishing a perpetual upkeep fund. The nonprofit is dedicated to enriching the community by providing a well-maintained and beautiful park for local residents and visitors.
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Impact
July, 2024
Lafayette Central Park Inc has significantly impacted the community by planning, designing, building, and maintaining a community park for the City of Lafayette and its surrounding area. Through their efforts, they have created a space for recreational activities, community gatherings, and outdoor enjoyment for the residents of Lafayette and its neighboring areas. Their work has enhanced the quality of life for many individuals and families by providing a beautiful and accessible green space for all to enjoy. Additionally, they have succeeded in raising funds for the design and construction of the park, ensuring its sustainability for future generations.
This information is meant to be a general summary of Lafayette Central Park 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 2022.
- Investment Income: $18,493
- Program Service Revenue: $687,186
- Gross Receipts: $4,663,046
Assets and Liabilities:
- Total Assets: $20,513,183
- Total Liabilities: $318,831
- Net Assets: $20,194,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHRISTMAS 2022
Revenue
$142,361
GALA
Revenue
$210,507
MEMBERSHIPS
Revenue
$95,432
OTHER SPECIAL EVENTS
Revenue
$56,951
PARKING
Revenue
$76,826
Organization Details
Founding Year
2013
Phone
(337) 500-1177Principal Officer
Rodney Savoy
Main Address
2851 Johnston Street 164, Lafayette, LA, 70503
Website
www.moncuspark.org/NTEE Category
Code: N32 - Recreation
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