Overview
What is Friends Of Franklin Parks Inc?
Friends of Franklin Parks Inc. is a nonprofit organization situated in Franklin, Tennessee. Their primary mission is to enhance the utilization of the community's natural and historic resources by supplementing government-funded services and amenities. This nonprofit aims to bridge the gap, enabling residents to fully appreciate the area's unique offerings. With a dedicated team of three individuals, Friends of Franklin Parks Inc. works towards enriching the local environment and enlivening community experiences.
Official website here: www.friendsoffranklinparks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Friends Of Franklin Parks Inc has demonstrated strong organizational performance, particularly in areas of impact and community engagement. With a perfect score of 100 in Impact & Measurement, Culture & Community, and Leadership & Adaptability, the organization shows a robust commitment to its mission and effective program delivery. The charity also boasts 100% independent board members, which enhances its governance and accountability.
However, the organization faces some challenges, particularly in its Accountability & Finance score, which is 66. The Program Expense Ratio is notably low at 52.16%, indicating that a smaller portion of its budget is dedicated to program services compared to administrative costs. Additionally, the absence of a whistleblower policy and document retention guidelines were noted as limitations, which could affect transparency and operational integrity.
Overall, Friends Of Franklin Parks Inc presents a solid profile with strengths in leadership and community feedback mechanisms, while also needing to address certain governance practices to enhance its financial accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Franklin Parks Inc legitimate?
Friends Of Franklin Parks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Franklin Parks 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: $79,078
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,156
For more financial information, click here
Official website here: www.friendsoffranklinparks.org
What is the mission statement of Friends Of Franklin Parks Inc?
Friends of Franklin Parks Inc's mission is to bridge the gap between the services and amenities provided by government funding and those that enable the community to fully utilize the remarkable natural and historic resources at their disposal. Their objective is to enhance the quality of life for the community by supplementing the offerings of government funding, thereby maximizing the enjoyment and preservation of these valuable resources. By doing so, they aim to foster a stronger connection between the community and its natural and historical heritage.
Official website here: www.friendsoffranklinparks.org
Who is the CEO of Friends Of Franklin Parks Inc?
Katie Spence is the Executive Director of Friends Of Franklin Parks Inc.
Official website here: www.friendsoffranklinparks.org
What is the revenue of Friends Of Franklin Parks Inc?
Friends Of Franklin Parks Inc's revenue in 2022 was $702,345.
Official website here: www.friendsoffranklinparks.org
Who are the executives of Friends Of Franklin Parks Inc and what are their salaries?
The average compensation at Friends Of Franklin Parks Inc during 2022 was $46,078. There are 3 employees and 50 volunteers at Friends Of Franklin Parks Inc.
Here are 24 key members and their salaries:
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Official website here: www.friendsoffranklinparks.org
Where can I find the form 990 for Friends Of Franklin Parks Inc?
Friends Of Franklin Parks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsoffranklinparks.org
Learn more at the official website: www.friendsoffranklinparks.org
Mission Statement of Friends Of Franklin Parks Inc
Friends of Franklin Parks Inc, as a nonprofit organization, strives to bridge the gap between the services and amenities provided by government funding and those that enable the community to fully utilize the remarkable natural and historic resources at their disposal. By bridging this gap, Friends of Franklin Parks aims to enhance the overall experience of the community in appreciating and enjoying these resources. Their mission is to ensure that the community can fully take advantage of the rich natural and historical assets that are available to them, thereby enriching their lives and fostering a stronger sense of community.
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Impact
July, 2024
Friends Of Franklin Parks Inc plays a vital role in enhancing the recreational opportunities and preserving the natural and historic resources in the Franklin community. Their efforts help bridge the gap between government funding and the services and amenities needed to fully enjoy the area's natural beauty. Through their work, they contribute to a higher quality of life for residents and visitors by providing access to and maintaining these valuable assets.
This information is meant to be a general summary of Friends Of Franklin Parks 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: $11,097
- Program Service Revenue: $33,325
- Gross Receipts: $778,837
Assets and Liabilities:
- Total Assets: $1,945,248
- Total Liabilities: $2,851
- Net Assets: $1,942,397
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ARENA EVENTS
Revenue
$32,945
MERCHANDISE SALES
Revenue
$380
Organization Details
Founding Year
2016
Principal Officer
Katie Spence
Main Address
PO BOX 549, FRANKLIN, TN, 37065
NTEE Category
Code: N12 - Recreation
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