Overview
What is Lake Lanier Olympic Park Foundation?
Lake Lanier Olympic Park Foundation is a nonprofit organization based in Gainesville, Georgia. Originally responsible for renovations and maintaining the physical upkeep of Lake Lanier Olympic Park, the foundation has since shifted its focus to assisting the city in its successful operation. The organization primarily achieves this through fundraising efforts for capital improvements at the park. Notably, in the year ending June 30, 2020, the foundation installed street lights and completed a major project: an Olympic Ring Plaza featuring a sculpture crafted from structural steel from the 1996 Olympics. Lake Lanier Olympic Park continues to host various rowing, kayaking, and canoe events, as well as dragon boat races and championships. The foundation supports these competitive events and community gatherings at the venue, often by providing volunteers.
Official website here: www.lakelanierolympicvenue.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Lake Lanier Olympic Park Foundation has achieved an impressive 97% rating from Charity Navigator, indicating a high level of accountability and financial health. This score is derived solely from its strong performance in Accountability & Finance, highlighting the organization’s commitment to transparency and responsible management of its resources.
The foundation boasts an entirely independent board, consisting of 17 members, which reflects a robust governance structure. It has received top scores in areas such as material diversion of assets, conflict of interest policies, and overall program expense ratio, with 93.91% of its expenses dedicated to program activities. These strengths contribute to its reputation as a well-managed nonprofit.
While the data indicates significant strengths, the focus on financial metrics means that other aspects of the organization’s impact or community engagement are not reflected in this score. Nonetheless, the foundation’s strong fiscal practices and governance are commendable and provide a solid foundation for its ongoing mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lake Lanier Olympic Park Foundation legitimate?
Lake Lanier Olympic Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Lanier Olympic Park Foundation 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.
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For more financial information, click here
Official website here: www.lakelanierolympicvenue.org
What is the mission statement of Lake Lanier Olympic Park Foundation?
The Lake Lanier Olympic Park Foundation serves as an advisory board, with its mission primarily focused on providing assistance to facilitate the successful operation of Lake Lanier Olympic Park. This is primarily achieved through fundraising efforts for capital improvements at the park. The activities are carried out by volunteers. Historically, the foundation was responsible for renovations and maintaining the physical upkeep of the venue, including buildings and grounds. Recently, they installed street lights and completed a major project, an Olympic Ring Plaza, featuring an Olympic rings sculpture. The foundation supports competitive events held at the park, such as rowing, sprint kayak, canoe events, and dragon boat races, as well as community events, often by providing volunteers.
Official website here: www.lakelanierolympicvenue.org
Who is the CEO of Lake Lanier Olympic Park Foundation?
Mark Bell is the Director of Lake Lanier Olympic Park Foundation.
Official website here: www.lakelanierolympicvenue.org
What is the revenue of Lake Lanier Olympic Park Foundation?
Lake Lanier Olympic Park Foundation's revenue in 2022 was $928,730.
Official website here: www.lakelanierolympicvenue.org
Who are the executives of Lake Lanier Olympic Park Foundation and what are their salaries?
There 50 volunteers at Lake Lanier Olympic Park Foundation.
Here are 18 key members and their salaries:
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Official website here: www.lakelanierolympicvenue.org
Where can I find the form 990 for Lake Lanier Olympic Park Foundation?
Lake Lanier Olympic Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakelanierolympicvenue.org
Learn more at the official website: www.lakelanierolympicvenue.org
Mission Statement of Lake Lanier Olympic Park Foundation
The Lake Lanier Olympic Park Foundation serves as an advisory board with a mission to assist the city in the successful operation of Lake Lanier Olympic Park. Primarily, they achieve this goal through fundraising efforts for capital improvements at the park. The foundation operates solely through the dedication of volunteers. In the past, the foundation was responsible for renovations at the park and maintaining the physical upkeep of the venue's property and facilities.
During the period ending June 30, 2020, the foundation installed street lights and completed a significant project to enhance the park - the Olympic Ring Plaza. The plaza features a prominent Olympic rings sculpture, crafted from structural steel originally used in the support beams of the floating grandstands erected for the 1996 Olympics. The Lake Lanier Olympic Park continues to host local, national, and international rowing, sprint kayak, and canoe events, as well as dragon boat races and championships. The foundation supports these competitive events, in addition to community events held at the venue, typically by providing volunteers.
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Impact
July, 2024
Lake Lanier Olympic Park Foundation's impact includes providing assistance to the city of Gainesville in the successful operation of Lake Lanier Olympic Park. The foundation has been involved in the renovation and maintenance of the park's physical property and facilities. Notably, they have installed street lights and completed major projects like the Olympic Ring Plaza, featuring a sculpture made from structural steel used in the floating grandstands of the 1996 Olympics. The park continues to host various local, national, and international rowing, sprint kayak, canoe events, as well as dragon boat races and championships. Additionally, the foundation supports these competitive events and community activities by providing volunteers. Their mission is to fundraise for capital improvements at the park, primarily through volunteer-driven activities.
This information is meant to be a general summary of Lake Lanier Olympic Park Foundation. 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: $198
- Gross Receipts: $928,730
Assets and Liabilities:
- Total Assets: $1,206,153
- Total Liabilities: $3,561
- Net Assets: $1,202,592
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Organization Details
Founding Year
1994
Phone
(770) 540-6307Principal Officer
Mark Bell
Main Address
PO BOX 369, GAINESVILLE, GA, 30503
NTEE Category
Code: N67 - Recreation
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