Overview
What is Sioux City Parks And Recreation Foundation Inc?
Sioux City Parks and Recreation Foundation Inc is a 501(C)3 nonprofit organization based in Sioux City, Iowa. Its primary mission is to collect and distribute funds for enhancing and maintaining the facilities of the Parks and Recreation Department in Sioux City, specifically the Iowa Riverfront. The foundation has raised funds for various projects, including general improvements, memorial benches, mountain bike trails, plywood trails, and the Big Sioux Crossing. By supporting this organization, individuals contribute to the betterment of the city's recreational spaces, fostering community engagement and enjoyable experiences for residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Sioux City Parks And Recreation Foundation Inc has achieved a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability and Finance with a score of 75%. The rating is entirely based on this beacon score, indicating an emphasis on financial transparency and responsible management practices. The organization has demonstrated effective policies in areas such as conflict of interest, whistleblower protections, and asset management.
The foundation scored highly in several key metrics, including a perfect score for material diversion of assets, liabilities to assets ratio, and program expense ratio. These indicators suggest that the nonprofit is well-managed, with a commitment to maintaining financial integrity. The organization’s ability to distribute tax forms to its board prior to filing and its effective document retention policies further bolster its accountability.
However, a notable limitation arises from the fundraising efficiency ratio, which received a low score of 0.0025 out of 25. This may indicate challenges in generating revenue through fundraising efforts, which could impact the nonprofit's sustainability and growth. Overall, while the foundation is strong in governance and financial practices, addressing its fundraising efficiency could enhance its operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux City Parks And Recreation Foundation Inc legitimate?
Sioux City Parks And Recreation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux City Parks And Recreation Foundation 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
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What is the mission statement of Sioux City Parks And Recreation Foundation Inc?
The Sioux City Parks and Recreation Foundation Inc operates with a mission aligned with section 501(C)3 of the Internal Revenue Code, aiming to collect and provide funds for the maintenance and improvement of recreational facilities. Specifically, their mission includes soliciting donations for various projects such as maintaining general facilities, installing memorial benches, constructing mountain bike trails, building plywood trails, and funding the Big Sioux Crossing. The foundation's primary goal is to enhance the recreational facilities in an effort to serve the community better.
Who is the CEO of Sioux City Parks And Recreation Foundation Inc?
Fran Palmersheim is the Director of Sioux City Parks And Recreation Foundation Inc.
What is the revenue of Sioux City Parks And Recreation Foundation Inc?
Sioux City Parks And Recreation Foundation Inc's revenue in 2022 was $1,449,775.
Who are the executives of Sioux City Parks And Recreation Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Sioux City Parks And Recreation Foundation Inc?
Sioux City Parks And Recreation Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sioux City Parks And Recreation Foundation Inc
The Sioux City Parks and Recreation Foundation Inc is dedicated to operating exclusively for scientific purposes, adhering to the provisions outlined in section 501(C)3 of the Internal Revenue Code of 1986 or any subsequent United States Internal Revenue law. In essence, this nonprofit organization's mission is to collect, solicit, and provide funds for the purpose of maintaining and improving the facilities managed by the Parks and Recreation Department within the City of Sioux City. This includes various projects such as general upkeep, memorial benches, mountain bike trails, plywood trails, and specific projects like the Big Sioux Crossing. The Foundation's efforts contribute significantly to enhancing the overall quality and accessibility of recreational facilities within the community, thereby promoting a healthier and more engaging lifestyle for its residents.
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Impact
July, 2024
Sioux City Parks And Recreation Foundation Inc has a significant impact on the community by soliciting, collecting, and providing funds for maintaining and improving facilities of the parks and recreation department of the City of Sioux City, Iowa. They have contributed to various projects such as the development of riverfront areas, general park enhancements, memorial benches, mountain bike trails, plywood trails, and the Big Sioux Crossing. Through their efforts, they have helped to create and maintain recreational spaces that benefit the residents of Sioux City and promote outdoor activities and a healthy lifestyle.
This information is meant to be a general summary of Sioux City Parks And Recreation Foundation 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: $2,492
- Gross Receipts: $1,449,775
Assets and Liabilities:
- Total Assets: $4,414,568
- Total Liabilities: $0
- Net Assets: $4,414,568
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Organization Details
Founding Year
2015
Principal Officer
Fran Palmersheim
Main Address
P O BOX 447, Sioux City, IA, 511023207
NTEE Category
Code: N30 - Recreation
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