Overview
What is Park Management Company Inc?
Park Management Company Inc serves as a nonprofit organization, providing executive oversight and management for Myriad Gardens Foundation and Scissortail Park Foundation in a public-private partnership with the City of Oklahoma City. With a team of 21 employees, their roles primarily involve administrative, financial, and event support, as well as managing financials, budgeting, insurance coverage, staff benefits, human resources, IT, and safety for both foundations. The executive staff collaborates closely with the city staff, ensuring the foundations effectively manage funding and maintain infrastructure at their respective locations. By overseeing these two 501(C)3 foundations, Park Management Company Inc facilitates fundraising efforts to support these valuable community spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (64%)
Park Management Company Inc has received a two-star rating from Charity Navigator, indicating that the organization has significant areas for improvement. With an overall score of 64%, it demonstrates strong accountability in certain aspects, such as having 100% independent board members and a well-structured conflict of interest and whistleblower policies. However, the organization falls short in financial transparency, as it has not made its financial statements available and lacks a listed website on its tax form.
The nonprofit showcases a high program expense ratio at 98.59%, reflecting a commitment to using funds for its intended charitable purpose. Nevertheless, the complete absence of financial documentation raises concerns regarding its fiscal management. The liabilities to assets ratio is notably low at 100%, indicating potential financial risks that could impact the organization's sustainability.
Despite some positive attributes such as documented board meeting minutes and a robust governance framework, the lack of publicly accessible financial records may hinder donor trust and confidence. Overall, while Park Management Company Inc has a solid foundation in governance, it must address its financial transparency issues to enhance its operational credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Park Management Company Inc legitimate?
Park Management Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Management Company 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: $371,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $641,553
For more financial information, click here
What is the mission statement of Park Management Company Inc?
Park Management Company Inc's mission is centered around overseeing two 501(c)3 foundations, Myriad Gardens Foundation and Scissortail Park Foundation. Their role primarily involves facilitating fundraising efforts for these foundations. The company provides executive oversight and management, ensuring the proper financial management, budgeting, insurance coverage, staff benefits, human resources, IT, and safety for both foundations. The CEO, CFO, and supporting staff, primarily in administrative, financial, and event support roles, play a crucial part in this operation. The executive staff also collaborates closely with the city staff to ensure the foundations are managing funding effectively and maintaining infrastructure at each location. This arrangement allows for staffing efficiencies and cost savings through consolidated administrative and long-term planning work for both entities.
Who is the CEO of Park Management Company Inc?
Maureen Heffernan is the President An of Park Management Company Inc.
What is the revenue of Park Management Company Inc?
Park Management Company Inc's revenue in 2022 was $1,285,834.
Who are the executives of Park Management Company Inc and what are their salaries?
The average compensation at Park Management Company Inc during 2022 was $48,249. There are 21 employees and 3 volunteers at Park Management Company Inc.
Here are 6 key members and their salaries:
- Compensation: $218,565
- Related: $0
- Other: $13,628
- Compensation: $119,175
- Related: $0
- Other: $9,652
- Compensation: $29,229
- Related: $0
- Other: $4,589
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Park Management Company Inc?
Park Management Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Park Management Company Inc
Park Management Company Inc, as a nonprofit entity, is entrusted with overseeing two 501(c)3 foundations: Myriad Gardens Foundation and Scissortail Park Foundation. Their primary mission involves facilitating fundraising efforts for these organizations, ensuring efficient and effective use of resources. The company's role encompasses managing financials, budgeting, insurance coverage, staff benefits, human resources, IT, and safety for both foundations. By assuming this administrative and long-term planning role, Park Management Company Inc promotes staffing efficiencies and cost savings, consolidating these responsibilities for the benefit of both foundations. The company's executives and staff work closely with the city government in a public-private partnership, ensuring that the foundations manage their funding appropriately and maintain infrastructure at each location.
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Impact
July, 2024
Park Management Company Inc's impact is substantial in overseeing the Myriad Gardens Foundation and Scissortail Park Foundation, both crucial entities within the public/private partnership with the City of Oklahoma City. By providing executive oversight and management, Park Management Company ensures proper financial stewardship, budgeting, insurance coverage, human resources, IT, and safety for these foundations. This streamlined management arrangement not only promotes efficiency and cost savings but also helps in maintaining infrastructure and managing funding effectively for these recreational spaces. The facilitation of fundraising activities further solidifies the impact of Park Management Company Inc in sustaining these vital foundations for the community.
This information is meant to be a general summary of Park Management Company 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: $155
- Program Service Revenue: $1,285,474
- Gross Receipts: $1,285,834
Assets and Liabilities:
- Total Assets: $143,066
- Total Liabilities: $143,066
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,285,474
Organization Details
Founding Year
2016
Phone
(405) 445-7083Principal Officer
Maureen Heffernan
Main Address
301 WEST RENO AVE, OKLAHOMA CITY, OK, 73102
NTEE Category
Code: N02 - Recreation
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