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Friends Of Martin's Park Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 814844083 ✦ Dorchester, MA ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Martin's Park Inc?

Friends of Martin's Park Inc is a nonprofit organization located at 39 Caruth Street, Dorchester, Massachusetts 02124. Their primary mission is to honor the memory of Martin Richard by raising funds for the construction and maintenance of a universally accessible park and playground. Established in 2019, the park was opened to the public, and the organization continues to dedicate its efforts to preserving Martin Richard's legacy. The nonprofit's activities encompass fundraising events and initiatives, ensuring the park remains accessible and well-maintained for the community.


Official website here: www.martinsparkboston.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)

Friends Of Martin's Park Inc has received a rating of "Needs Improvement," indicating that while the organization shows strong accountability and finance practices, there are several areas requiring attention. The organization boasts a 100% score in accountability and finance, reflecting good governance practices such as having a majority of independent board members and no material diversion of assets.

However, there are notable limitations in the nonprofit's transparency and policies. The absence of a whistleblower policy and document retention practices, as well as a missing tax form on their website, have contributed to the lower rating. These weaknesses suggest a need for the organization to enhance its operational protocols and improve public trust through better transparency. Overall, while the organization demonstrates solid financial health, it must address these gaps to achieve a higher rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Friends Of Martin's Park Inc legitimate?

Friends Of Martin's Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Martin's 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


Official website here: www.martinsparkboston.org

What is the mission statement of Friends Of Martin's Park Inc?

The mission of Friends Of Martin's Park Inc is centered around raising funds for the construction and maintenance of a universally accessible park and playground. This initiative is undertaken to honor Martin Richard, a legacy that the organization aims to uphold. Their primary objective is to ensure the park is accessible to all, promoting inclusivity and recreational opportunities for everyone. The organization's activities revolve around raising funds to maintain the park, which was opened to the public in June 2019, as a tribute to Martin Richard's memory.


Official website here: www.martinsparkboston.org

Who is the CEO of Friends Of Martin's Park Inc?

William Richard is the President of Friends Of Martin's Park Inc.


Official website here: www.martinsparkboston.org

What is the revenue of Friends Of Martin's Park Inc?

Friends Of Martin's Park Inc's revenue in 2022 was $51,473.


Official website here: www.martinsparkboston.org

Who are the executives of Friends Of Martin's Park Inc and what are their salaries?


Here are 3 key members and their salaries:


William Richard (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Crohan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlayne Murrell-Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.martinsparkboston.org

Where can I find the form 990 for Friends Of Martin's Park Inc?

Friends Of Martin's Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.martinsparkboston.org

Learn more at the official website: www.martinsparkboston.org

Mission Statement of Friends Of Martin's Park Inc

Friends of Martin's Park Inc is dedicated to raising funds for the construction and maintenance of a universally accessible park and playground. This initiative is undertaken to honor Martin Richard, whose legacy is commemorated through this project. The mission of this nonprofit organization is to ensure the creation and upkeep of a park that is inclusive and welcoming to all, providing a space for community engagement and remembrance of Martin Richard. After years of fundraising efforts, the park was officially opened to the public in June 2019. The operations and maintenance of Martin's Park continue to be a priority for Friends of Martin's Park Inc, ensuring that the park remains a lasting tribute to Martin Richard's life and legacy.

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Impact




August, 2024

Friends Of Martin's Park Inc's impact is realized through the creation and maintenance of Martin's Park, a universally accessible park and playground dedicated to honoring the memory and legacy of Martin Richard. By raising funds for the construction and upkeep of this special place, the organization provides a safe and inclusive space for children and families to enjoy recreational activities. Through their ongoing efforts, Friends Of Martin's Park Inc ensures that Martin's legacy lives on by fostering community engagement and unity in Dorchester, MA.




This information is meant to be a general summary of Friends Of Martin's 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.

Revenue
$51,473 (2022)
Expenses
$250,449 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $48,828
  • Gross Receipts: $866,322

Assets and Liabilities:

  • Total Assets: $4,187,005
  • Total Liabilities: $37,036
  • Net Assets: $4,149,969

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Organization Details

Founding Year

2016

Principal Officer

William Richard

Main Address

39 CARRUTH STREET, DORCHESTER, MA, 02124

NTEE Category

Code: N11 - Recreation

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