Overview
What is Railroad Park Foundation?
Railroad Park Foundation is a dedicated nonprofit organization based in Birmingham, Alabama, focusing on enhancing the city's downtown area. Situated along 1st Avenue South, the foundation manages a 19-acre green space known as Railroad Park, a significant hub for recreation, cultural events, and family activities. In 2022, the park welcomed over half a million visitors, contributing to the city's growth and development. The foundation's mission includes promoting economic development, supporting families and community, fostering health and wellness, and preserving the park's environment. They achieved this by showcasing local businesses, hosting community events, offering free financial workshops, collaborating with city officials for The 99 Neighborhood Rally, and providing access to health and fitness programs. The foundation also aimed to maintain the park's infrastructure, ensuring it remained a thriving and welcoming space for the community.
Official website here: www.railroadpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Railroad Park Foundation has received a commendable Four-Star rating from Charity Navigator. This high score reflects the organization’s strong commitment to accountability and financial transparency, with a perfect score in several key areas, including having a majority independent board and a robust audit and oversight committee. The foundation's financial health is further highlighted by a low liabilities to assets ratio, indicating effective management of its resources.
One of the significant strengths of the Railroad Park Foundation is its focus on program expenses, which make up 78.41% of its total expenses. This suggests that the majority of funds raised are directed toward fulfilling the organization’s mission rather than administrative costs. Additionally, the presence of thorough policies, such as conflict of interest and document retention, demonstrates a commitment to ethical governance.
However, the foundation does have a noted limitation in that it is missing a whistleblower policy, which scored zero out of four points. While this does not detract significantly from its overall accountability score, it indicates an area for potential improvement to enhance transparency and encourage reporting of any unethical behavior within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Railroad Park Foundation legitimate?
Railroad Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Railroad 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,509
Professional Fundraising Fees: $0
Other Salaries and Wages: $526,987
For more financial information, click here
Official website here: www.railroadpark.org
What is the mission statement of Railroad Park Foundation?
The Railroad Park Foundation's mission is to stimulate cultural, economic, and social activity in a given city by revitalizing a public green space. By doing so, they aim to inspire energy and a sense of place, attracting a large number of visitors and acting as a catalyst for urban development. The organization promotes economic growth by supporting local businesses and new construction projects, while also providing opportunities for community engagement and family activities. They further focus on health and wellness, offering fitness classes and events, and preserving the park's environment to foster a thriving ecosystem and promote mental health.
Official website here: www.railroadpark.org
Who is the CEO of Railroad Park Foundation?
Camille Spratling is the Director of Railroad Park Foundation.
Official website here: www.railroadpark.org
What is the revenue of Railroad Park Foundation?
Railroad Park Foundation's revenue in 2022 was $1,679,583.
Official website here: www.railroadpark.org
Who are the executives of Railroad Park Foundation and what are their salaries?
The average compensation at Railroad Park Foundation during 2022 was $55,208. There are 12 employees and 226 volunteers at Railroad Park Foundation.
Here are 21 key members and their salaries:
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Official website here: www.railroadpark.org
Where can I find the form 990 for Railroad Park Foundation?
Railroad Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.railroadpark.org
Learn more at the official website: www.railroadpark.org
Mission Statement of Railroad Park Foundation
The Railroad Park Foundation, with its mission, aims to stimulate vitality, renovation, and a sense of belonging in Birmingham by catalyzing cultural, economic, and social activities within and around the Park. This 19-acre green space, located in the heart of Birmingham, serves as a testament to the city's industrial and artistic heritage, offering a venue for local recreation, family activities, concerts, and cultural events. The Foundation's work extends beyond the Park, connecting downtown Birmingham with the Southside and UAB's campus, thereby playing a significant role in revitalizing the area.
Railroad Park Foundation's mission is multifaceted, focusing on four primary areas: Economic Development, Families and Community, Health and Wellness, and Maintaining and Preserving the Park. In the realm of Economic Development, the Foundation promotes local businesses, attracts investments, and encourages development within the City and Parkside District. By hosting events, showcasing local merchants, and garnering media attention, the Foundation contributes to Birmingham's overall growth and prosperity.
In the domain of Families and Community, the Foundation provides diverse programming to engage residents, fostering a sense of unity and belonging. By hosting community events, financial forums, and collaborating with city organizations, the Foundation strengthens the bonds within the community and offers valuable resources to its members.
Health and Wellness is another crucial aspect of the Foundation's mission. Through initiatives like Get Healthy on the Railroad, cooking classes, and Senior Fit Health Fairs, the Foundation encourages physical activity, healthy eating, and overall well-being.
Lastly, Railroad Park Foundation is committed to preserving and maintaining the Park, ensuring it remains a world-class greenspace for visitors and local wildlife. By offering a diverse ecosystem, supporting the thriving habitat for various species, and maintaining the walking trails, the Foundation provides a sanctuary for relaxation, exercise, and rejuvenation.
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Impact
July, 2024
Railroad Park Foundation's impact can be seen in the significant revitalization and cultural resurgence it has brought to Birmingham. By serving as a vibrant green space that celebrates the city's industrial and artistic heritage, Railroad Park has become a focal point for community engagement, economic development, and social activity. With over 500,000 visitors in 2022 alone, the park has not only provided a platform for recreation, concerts, and cultural events but has also catalyzed positive change in Birmingham's downtown area and beyond.
Through initiatives focused on economic development, families and community engagement, health and wellness, and park maintenance, Railroad Park Foundation has played a crucial role in promoting local businesses, supporting community programs, enhancing public health, and preserving the park's natural environment. From hosting financial education workshops and community events to providing fitness programs and maintaining green spaces, the foundation's impact extends to various facets of Birmingham's social and economic landscape.
Overall, Railroad Park Foundation's dedication to creating a vibrant, inclusive, and sustainable urban space has transformed the perception of Birmingham and continues to inspire a sense of energy and pride within the community.
This information is meant to be a general summary of Railroad 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: $1,451
- Program Service Revenue: $235,037
- Gross Receipts: $1,727,857
Assets and Liabilities:
- Total Assets: $1,756,048
- Total Liabilities: $5,422
- Net Assets: $1,750,626
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Facility usage fees
Revenue
$143,881
Park operations
Revenue
$91,156
Organization Details
Founding Year
2008
Phone
(205) 521-9933Principal Officer
Camille Spratling
Main Address
1600 1st Avenue South, Birmingham, AL, 35233
Website
www.railroadpark.orgNTEE Category
Code: N32 - Recreation
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