Overview
What is Richardson Improvement Corporation?
Richardson Improvement Corporation is a nonprofit organization, headquartered in Richardson, Texas. Its primary mission is to support the City of Richardson by aiding in the acquisition, establishment, improvement, and maintenance of public parks and recreational facilities. They specialize in grant writing, ensuring the city can secure necessary funds for these initiatives. Their role is critical in enhancing the community's recreational spaces, benefiting the local residents. The corporation offers its services at a lower cost compared to obtaining them on the open market, demonstrating their commitment to budget-conscious community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 27%
Richardson Improvement Corporation received a low score of 27%, corresponding to a Zero-Star out of Four Star rating. This rating reflects significant concerns regarding the organization's accountability and financial health. The lack of independent board members and insufficient transparency measures, like a missing website and tax documents, further contribute to its overall assessment.
While the organization demonstrates some strengths, such as having a conflict of interest policy and documenting board meeting minutes, these do not sufficiently offset the critical areas of concern. The absence of independent oversight and the lack of essential policies raise questions about governance practices. Additionally, the financial ratios indicate minimal program expenses, which may suggest ineffective resource allocation.
Overall, the Richardson Improvement Corporation's low rating serves as a caution for potential donors, highlighting the need for improved governance and financial management. The organization must address these weaknesses to enhance its credibility and operational effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Richardson Improvement Corporation legitimate?
Richardson Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richardson Improvement Corporation 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 Richardson Improvement Corporation?
The mission of Richardson Improvement Corporation is to assist a specific city, not specified in the information, with the acquisition, establishment, improvement, and maintenance of public parks, open spaces, and community recreational facilities. This is done primarily for the benefit of the public. The corporation provides professional assistance to the city in various forms, including consulting services, planning processes, grant writing, and parks and recreation services, all at a cost below market rates. The corporation is notably responsible for writing and submitting major grant requests for the city's Parks and Recreation Department's facilities.
Who is the CEO of Richardson Improvement Corporation?
Unavailable
What is the revenue of Richardson Improvement Corporation?
Richardson Improvement Corporation's revenue in 2022 was $0.
Who are the executives of Richardson Improvement Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $384,148
- Other: $42,263
- Compensation: $0
- Related: $263,939
- Other: $25,232
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,170
- Other: $11,487
Where can I find the form 990 for Richardson Improvement Corporation?
Richardson Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Richardson Improvement Corporation
Richardson Improvement Corporation, a nonprofit organization, is dedicated to assisting cities in enhancing and maintaining public parks, open spaces, and recreational facilities. Specifically, its mission is to provide professional assistance to the City of Richardson, Texas, in the areas of consulting services, planning processes, grant writing, and parks and recreation services. The corporation operates with the objective of offering these services at a cost that is lower than what the city would incur if procured through open market means. In this capacity, Richardson Improvement Corporation plays a significant role in contributing to the betterment of community recreational facilities for the benefit of the public.
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Impact
October, 2024
Richardson Improvement Corporation plays a crucial role in enhancing the quality of life for residents in Richardson, Texas, by focusing on the acquisition, improvement, and maintenance of public parks and recreational facilities. By assisting the City of Richardson's Parks and Recreation Department, the organization ensures that the community has access to well-planned and maintained green spaces that promote public health, social interaction, and environmental sustainability.
One of their key contributions is writing and submitting significant grant requests, which helps secure funding for various projects and initiatives. This strategic approach enables the city to undertake substantial improvements without the financial burden typically associated with such endeavors. By providing consulting services and planning processes at a reduced cost, Richardson Improvement Corporation helps maximize the effectiveness of public resources, ensuring that residents enjoy high-quality recreational facilities.
Through its efforts, the organization not only bolsters community recreational opportunities but also fosters a sense of pride and ownership among residents, encouraging them to engage with their local environment and participate in community activities. Ultimately, the impact of Richardson Improvement Corporation is reflected in the vibrant, accessible, and well-maintained public spaces that enhance the overall well-being of the community.
This information is meant to be a general summary of Richardson Improvement Corporation. 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.
Assets and Liabilities:
- Total Assets: $1,641,546
- Total Liabilities: $8,500
- Net Assets: $1,633,046
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Organization Details
Founding Year
2002
Phone
(972) 744-4074Main Address
PO Box 830309, Richardson, TX, 750830309
NTEE Category
Code: N113 - Recreation
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