Overview
What is Museum Center Park Inc?
Museum Center Park Inc, situated in Milwaukee, Wisconsin, serves to alleviate governmental responsibilities by overseeing, maintaining, and leasing the plazas, pavilions, and parking facilities at O'Donnell Park. This nonprofit organization plays a significant role in enhancing the local artistic and cultural identity of the Greater Milwaukee area by ensuring adequate parking for residents and visitors. By maintaining the park for public use and enjoyment, Museum Center Park Inc also increases public access to Lake Michigan's lakefront and surrounding areas. The organization supports Milwaukee Art Museum, Inc. by carrying out its charitable, educational, and scientific purposes, and works in cooperation with public entities to preserve, protect, and maintain county-owned buildings, city property, and lakefront lands. Ultimately, Museum Center Park Inc aims to improve the environment and safety of the park and surrounding areas by renovating and maintaining the parking structure for the benefit of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Museum Center Park Inc demonstrates a strong commitment to accountability and finance, as reflected in its impressive 94% score. This rating, derived solely from the organization’s financial practices, signifies a high level of transparency and responsible management of resources. The charity has a fully independent board, which enhances its governance structure and ensures that decisions align with the organization's mission.
The organization excels in various financial metrics, including a program expense ratio of 96.14%, indicating that a significant majority of its expenditures directly support its programs. With no material diversion of assets and comprehensive policies in place for conflict of interest, whistleblowing, and document retention, Museum Center Park Inc has established robust safeguards for its operations.
While the organization has received high marks for its financial integrity, the singular focus on the Accountability & Finance score may limit broader assessments of its overall impact and effectiveness in the community. However, the strengths highlighted suggest a well-managed nonprofit dedicated to its mission and responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Museum Center Park Inc legitimate?
Museum Center Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Museum Center Park 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 Museum Center Park Inc?
Museum Center Park Inc's mission is primarily focused on supporting the Milwaukee Art Museum Inc. This is achieved by managing and maintaining property, investing funds, and making expenditures for the benefit of the museum. The organization also assumes maintenance obligations for plazas, pavilions, and parking facilities in O'Donnell Park. It operates as an integral part of the Milwaukee Art Museum, working to preserve, protect, and maintain public buildings and properties. Additionally, Museum Center Park Inc enhances the local artistic and cultural identity by providing adequate parking for patrons of nearby cultural institutions. Furthermore, the organization aims to improve the environment and safety of the park and surrounding areas by renovating and maintaining the parking structure, benefiting the local community. Overall, the mission is to lessen government burdens and support the Milwaukee Art Museum's purpose of enhancing the local artistic and cultural landscape.
Who is the CEO of Museum Center Park Inc?
Marcelle Polednik is the President of Museum Center Park Inc.
What is the revenue of Museum Center Park Inc?
Museum Center Park Inc's revenue in 2022 was $1,759,615.
Who are the executives of Museum Center Park Inc and what are their salaries?
There 3 volunteers at Museum Center Park Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $448,541
- Other: $21,903
- Compensation: $0
- Related: $183,376
- Other: $10,270
- Compensation: $0
- Related: $117,536
- Other: $13,629
Where can I find the form 990 for Museum Center Park Inc?
Museum Center Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Museum Center Park Inc
Museum Center Park Inc, in its mission, assumes various responsibilities aimed at benefiting Milwaukee Art Museum Inc. This includes managing and dealing with property for the enjoyment of the museum and its patrons. The organization also takes on the maintenance obligations of plazas, pavilions, and parking facilities located in O'Donnell Park, operating as an integral part of Milwaukee Art Museum Inc.
One of Museum Center Park Inc's primary objectives is to support Milwaukee Art Museum Inc's purpose of preserving and maintaining county-owned buildings, city property, and lakefront lands. By providing adequate parking to patrons of nearby cultural institutions such as the Milwaukee Art Museum, War Memorial Center, and Betty Brinn Children's Museum, Museum Center Park Inc contributes to enhancing the local artistic cultural identity of the Greater Milwaukee Area.
Furthermore, Museum Center Park Inc strives to improve the environment and safety of the park and surrounding areas by renovating and maintaining the park's parking structure. This commitment to the community aligns with Milwaukee County's long-term plans of providing greater public access to Lake Michigan's lakefront. By assuming these maintenance obligations, Museum Center Park Inc plays a crucial role in upholding and enriching the cultural landscape of the area.
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Impact
July, 2024
Museum Center Park Inc, operating as an integral part of the Milwaukee Art Museum, lessens the burdens of government by assuming maintenance obligations for plazas, pavilions, and parking facilities at O'Donnell Park. By providing adequate parking for patrons of nearby cultural institutions and enhancing the local artistic and cultural identity of the Greater Milwaukee area, MCP contributes to the community's environmental safety and access to Lake Michigan lakefront. Through its philanthropic efforts, MCP supports Milwaukee County's plans for public access and contributes to the overall well-being of the community.
This information is meant to be a general summary of Museum Center Park 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.
- Program Service Revenue: $1,313,291
- Gross Receipts: $1,865,808
Assets and Liabilities:
- Total Assets: $13,979,898
- Total Liabilities: $2,482,158
- Net Assets: $11,497,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARKING FEES
Revenue
$1,313,291
Organization Details
Founding Year
2015
Phone
(414) 224-3200Principal Officer
Marcelle Polednik
Main Address
700 N ART MUSEUM DRIVE, MILWAUKEE, WI, 53202
NTEE Category
Code: T11 - Philanthropy
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