Overview
What is Fonner Park Exposition & Events Center Inc?
Fonner Park Exposition & Events Center Inc is a nonprofit organization based in Grand Island, Nebraska. Their primary goal is to plan, develop, construct, and manage an exposition and events center in the area. This center aims to serve as a hub for various events, providing a space for community gatherings, exhibitions, and entertainment. The organization's mission is centered around enhancing Grand Island's cultural and social landscape through the operation of this multi-purpose facility.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
Fonner Park Exposition & Events Center Inc has received a Three-Star rating based on its robust accountability and finance practices. The organization shows a commitment to transparency and strong governance, reflected in its 100% independent board members and effective financial oversight. This dedication is further emphasized by its impressive program expense ratio, indicating that a significant majority of its funds are directly allocated to fulfilling its mission.
The organization scored well across various metrics, including maintaining no material diversion of assets and documenting board meeting minutes, which points to a high level of operational integrity. Its liabilities to assets ratio of 38.42% suggests a stable financial position, allowing for sustainable operations and future growth.
However, while the overall rating is commendable, it is based solely on accountability and finance metrics, which may not provide a complete picture of its programmatic impact or community engagement. Stakeholders and potential donors may want to consider these aspects alongside the financial score when evaluating the organization's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fonner Park Exposition & Events Center Inc legitimate?
Fonner Park Exposition & Events Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fonner Park Exposition & Events Center 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: $0
For more financial information, click here
What is the mission statement of Fonner Park Exposition & Events Center Inc?
The mission of Fonner Park Exposition & Events Center Inc is centered around planning, developing, constructing, and operating an exposition and events center. This mission aims to provide a platform for various events and expositions, contributing to the overall community and event-related activities. The organization's primary goal is to successfully manage and operate such a center, which can cater to a wide range of events and activities.
Who is the CEO of Fonner Park Exposition & Events Center Inc?
Chris Kotulak is the Director of Fonner Park Exposition & Events Center Inc. The CEO's salary of Fonner Park Exposition & Events Center Inc is $0 and their total compensation is $0.
What is the revenue of Fonner Park Exposition & Events Center Inc?
Fonner Park Exposition & Events Center Inc's revenue in 2022 was $2,556,428.
Who are the executives of Fonner Park Exposition & Events Center Inc and what are their salaries?
There 20 volunteers at Fonner Park Exposition & Events Center Inc.
Here are 7 key members and their salaries (Fonner Park Exposition & Events Center Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Fonner Park Exposition & Events Center Inc?
Fonner Park Exposition & Events Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fonner Park Exposition & Events Center Inc
Fonner Park Exposition & Events Center Inc is an organization dedicated to a specific mission. This mission involves planning, developing, constructing, and operating an exposition and events center in an unspecified location. In simpler terms, Fonner Park Exposition & Events Center Inc is committed to bringing together various events and expositions under one roof, providing a centralized venue for numerous activities. By undertaking this mission, the center aims to cater to the diverse needs of its community, offering a platform for a wide range of events and expositions.
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Impact
July, 2024
Fonner Park Exposition & Events Center Inc has made a significant impact on Grand Island, Nebraska, by providing a venue for various events and exhibitions. Through its activities, it has contributed to the cultural and artistic scene of the city, offering opportunities for artists, performers, and the community to come together. The center has become a hub for creativity, entertainment, and community engagement, enhancing the quality of life for residents and visitors alike. Its presence has helped to stimulate economic development, attract tourism, and foster a vibrant arts scene in the region.
This information is meant to be a general summary of Fonner Park Exposition & Events Center 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: $31,769
- Program Service Revenue: $1,980,729
- Gross Receipts: $2,556,428
Assets and Liabilities:
- Total Assets: $2,837,627
- Total Liabilities: $1,295,840
- Net Assets: $1,541,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE SALES
Revenue
$1,216,458
CONCESSION INCOME
Revenue
$314,051
ARENA RENTAL FEES
Revenue
$187,442
FACILITY USE FEES
Revenue
$119,483
COMMISSION INCOME
Revenue
$53,967
Organization Details
Founding Year
1998
Phone
(308) 382-8345Principal Officer
Chris Kotulak
Main Address
PO BOX 490, GRAND ISLAND, NE, 688020490
NTEE Category
Code: A61 - Arts
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