Overview
What is Bonnet Springs Park Inc?
Bonnet Springs Park Inc is a nonprofit organization based in Lakeland, Florida, with a walking distance proximity to the urban core. With a mission to enrich the community through nature, culture, recreation, and education, they offer engaging and diverse opportunities for residents and visitors. The organization maintains and operates the park grounds, facilities, equipment, and structures, providing a blended urban/natural space for escape, engagement, and exploration. Through community outreach and education, Bonnet Springs Park Inc offers free educational and cultural programming to spread awareness about the beautiful history of Central Florida. The organization employs a team of 120 individuals.
Official website here: www.bonnetspringspark.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 44%, Zero-Star out of Four Star rating.
Bonnet Springs Park Inc has received a low score of 44% from Charity Navigator, reflecting significant concerns regarding its financial management and operational transparency. While the organization demonstrates a strong level of independence among its board members and adheres to several important governance policies, critical financial metrics such as its program expense ratio and fundraising efficiency are notably poor.
The organization excels in governance aspects, with a fully independent board and comprehensive policies in place for conflict of interest, whistleblower protections, and document retention. However, the absence of key financial documents on its website raises questions about its transparency and accountability. Despite having a solid framework for board oversight, the lack of public access to its tax forms and audit reports limits trustworthiness.
Financially, Bonnet Springs Park Inc faces challenges, as indicated by its liabilities to assets ratio and fundraising efficiency ratio, which significantly detract from its overall performance score. While there are positive governance practices in place, the organization must address its financial practices and improve transparency to enhance its rating and build greater confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bonnet Springs Park Inc legitimate?
Bonnet Springs Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bonnet Springs 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: $359,511
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,867,332
For more financial information, click here
Official website here: www.bonnetspringspark.com
What is the mission statement of Bonnet Springs Park Inc?
Bonnet Springs Park Inc strives to enhance its community through nature, culture, recreation, and education. By providing engaging opportunities in these areas, the organization caters to the needs of various residents and visitors. The park offers a unique blend of urban and natural spaces where people can escape, engage, and explore with each other and nature. It serves as a hub for learning about the rich history of Central Florida. The mission of Bonnet Springs Park Inc extends to the maintenance and operations of its grounds, facilities, equipment, and structures, as well as community outreach and educational programming. Free educational and cultural events are offered to spread awareness about the park.
Official website here: www.bonnetspringspark.com
Who is the CEO of Bonnet Springs Park Inc?
Josh Henderson is the Chairman of Bonnet Springs Park Inc. The CEO's salary of Bonnet Springs Park Inc is $206,472 and their total compensation is $219,032.
Official website here: www.bonnetspringspark.com
What is the revenue of Bonnet Springs Park Inc?
Bonnet Springs Park Inc's revenue in 2022 was $52,422,835.
Official website here: www.bonnetspringspark.com
Who are the executives of Bonnet Springs Park Inc and what are their salaries?
The average compensation at Bonnet Springs Park Inc during 2022 was $18,557. There are 120 employees and 200 volunteers at Bonnet Springs Park Inc.
Here are 21 key members and their salaries (Bonnet Springs Park Inc's CEO's salary is $206,472 and their total compensation is $219,032):
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- Compensation: $206,472
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- Other: $10,923
Official website here: www.bonnetspringspark.com
Where can I find the form 990 for Bonnet Springs Park Inc?
Bonnet Springs Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bonnetspringspark.com
Learn more at the official website: www.bonnetspringspark.com
Mission Statement of Bonnet Springs Park Inc
Bonnet Springs Park Inc, a community enrichment organization, strives to enhance the lives of residents and visitors through nature, culture, recreation, and education. The mission of this nonprofit is multifaceted, aiming to unify the diverse population by offering engaging and varied opportunities in education and recreation.
Bonnet Springs Park serves as a beacon of engagement and learning, providing public spaces that cater to the needs of many. These spaces allow individuals to escape, engage, and explore together, while experiencing the beautiful history of Central Florida. The park's unique blend of urban and natural elements creates an environment where art, recreation, fun, and tranquility intersect by design.
Bonnet Springs Park Inc's commitment to its community extends beyond the provision of engaging opportunities. The organization also focuses on the upkeep and maintenance of its grounds, facilities, equipment, and structures. This dedication ensures that the park remains a clean, safe, and inviting space for all.
Moreover, community outreach and education are essential components of Bonnet Springs Park Inc's mission. The organization offers free educational and cultural programming to visitors, raising awareness about the park and the various opportunities it provides. By doing so, Bonnet Springs Park not only enriches the lives of its visitors but also fosters a strong sense of community.
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Impact
October, 2024
Bonnet Springs Park Inc has a significant impact on the community by enriching the lives of residents and visitors through its diverse offerings in nature, culture, recreation, and education. The park serves as a unifying space for Lakeland's varied population, fostering connections among individuals from different backgrounds.
Its location near the urban core enhances accessibility, allowing people to engage with both the natural environment and cultural activities seamlessly. The park offers a blend of recreational opportunities, educational programs, and tranquil spaces for relaxation, making it a vital part of community life.
In addition to its recreational and educational programming, Bonnet Springs Park is dedicated to the upkeep of its facilities and grounds, ensuring a clean and welcoming environment for all. By providing free cultural events and educational outreach, the park invites the community to explore the rich history and natural beauty of Central Florida, further deepening its impact. Through its thoughtful design and diverse programming, Bonnet Springs Park Inc contributes meaningfully to the quality of life in Lakeland, promoting a sense of belonging and community engagement.
This information is meant to be a general summary of Bonnet Springs 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.
- Investment Income: $5,652,794
- Gross Receipts: $57,079,986
Assets and Liabilities:
- Total Assets: $146,735,492
- Total Liabilities: $4,392,601
- Net Assets: $142,342,891
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Organization Details
Founding Year
2015
Phone
(863) 732-7000Principal Officer
Josh Henderson
Main Address
400 BONNET SPRINGS BLVD, LAKELAND, FL, 33815
Website
www.bonnetspringspark.comNTEE Category
Code: N32 - Recreation
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