Overview
What is Parks Foundation Of Burlington Inc?
The Parks Foundation of Burlington Inc., located at 645 Pine Street B, Burlington, VT 05401, is a dedicated nonprofit organization. Its primary mission is to foster a sense of stewardship and philanthropy towards Burlington's cherished parks and recreational assets, benefiting both local residents and visitors. In the fiscal year ending June 30, 2023, the foundation made project disbursements totaling 527,440 dollars. Their activities encompass developing, maintaining, improving, and expanding public parks and recreational facilities owned and operated by the City of Burlington, VT, for the overall public benefit.
Official website here: www.parksfoundationburlington.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Parks Foundation of Burlington Inc has received a solid Three-Star rating from Charity Navigator, indicating a respectable level of accountability and finance management. This rating is based entirely on their performance in the Accountability & Finance beacon, where they scored highly in several key areas, such as having a fully independent board and no material diversion of assets.
The organization demonstrates strong governance practices, with a board comprised entirely of independent members and a high program expense ratio of 97.94%, suggesting effective allocation of funds towards its mission. However, there are notable gaps in their policies, particularly the absence of a whistleblower policy and a document retention and destruction policy, which could be areas for improvement.
Overall, while the Parks Foundation of Burlington Inc shows positive financial stewardship and transparency, addressing policy gaps could enhance their accountability standards further. This effort would not only strengthen their governance framework but also build greater trust with stakeholders and the community they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Parks Foundation Of Burlington Inc legitimate?
Parks Foundation Of Burlington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parks Foundation Of Burlington 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:
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Official website here: www.parksfoundationburlington.org
What is the mission statement of Parks Foundation Of Burlington Inc?
The Parks Foundation of Burlington aims to foster a sense of stewardship and philanthropy towards the community's cherished parks and recreational assets. Their primary mission is to develop, maintain, improve, and expand public parks and recreational facilities that are owned and operated by the city of Burlington, benefiting the general public. In the fiscal year ending June 30, 2023, the foundation distributed a total of 527,440 dollars in project disbursements.
Official website here: www.parksfoundationburlington.org
Who is the CEO of Parks Foundation Of Burlington Inc?
Gordon Macfarland is the Chair of Parks Foundation Of Burlington Inc.
Official website here: www.parksfoundationburlington.org
What is the revenue of Parks Foundation Of Burlington Inc?
Parks Foundation Of Burlington Inc's revenue in 2023 was $139,468.
Official website here: www.parksfoundationburlington.org
Who are the executives of Parks Foundation Of Burlington Inc and what are their salaries?
There 12 volunteers at Parks Foundation Of Burlington Inc.
Here are 12 key members and their salaries:
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Official website here: www.parksfoundationburlington.org
Where can I find the form 990 for Parks Foundation Of Burlington Inc?
Parks Foundation Of Burlington Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.parksfoundationburlington.org
Learn more at the official website: www.parksfoundationburlington.org
Mission Statement of Parks Foundation Of Burlington Inc
The Parks Foundation of Burlington, a dedicated organization, is committed to fostering a sense of stewardship and philanthropy towards the community's cherished parks and recreational assets. Their mission, in essence, is to actively develop, maintain, improve, and expand public parks and recreational facilities that are owned and operated by the city of Burlington, VT, for the benefit of the general public. By providing project disbursements to the tune of 527,440 dollars in the fiscal year ending June 30, 2023, the foundation demonstrates its unwavering commitment to improving and enhancing the community's recreational spaces.
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Impact
October, 2024
The Parks Foundation of Burlington Inc. plays a crucial role in enhancing the community’s recreational spaces and parks. By inspiring a spirit of stewardship and philanthropy, the foundation ensures that Burlington's parks and recreational assets are well-maintained and accessible for both residents and visitors.
In the fiscal year ending June 30, 2023, the foundation significantly impacted the community by providing $527,440 in project disbursements. This funding contributes to the development, maintenance, improvement, and expansion of public parks and recreational facilities owned and operated by the city. The foundation's efforts not only preserve treasured natural spaces but also foster community engagement, encourage an active lifestyle, and promote environmental stewardship among residents.
Overall, the Parks Foundation of Burlington Inc. is essential for elevating the quality of life in Burlington through its dedication to enhancing recreational opportunities and ensuring that the parks remain a vibrant part of the community for generations to come.
This information is meant to be a general summary of Parks Foundation Of Burlington 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.
- Investment Income: $755
- Gross Receipts: $139,468
Assets and Liabilities:
- Total Assets: $1,346,296
- Total Liabilities: $0
- Net Assets: $1,346,296
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Organization Details
Founding Year
2011
Phone
(802) 864-0123Principal Officer
Gordon Macfarland
Main Address
645 PINE STREET B, BURLINGTON, VT, 05401
NTEE Category
Code: N32 - Recreation
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