Overview
What is River Park Community Foundation Inc?
River Park Community Foundation Inc is a nonprofit organization that generously contributes a community park to the city of Cold Spring. Their primary function lies in the realm of parks and playgrounds, and their mission is centered around donating such facilities. By doing so, they enhance the local community's recreational opportunities, fostering a sense of togetherness and promoting a healthier lifestyle for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star Rating
The River Park Community Foundation Inc has received a low rating of 55% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has demonstrated strengths in governance, with a fully independent board and no indications of material diversion of assets. However, the absence of key policies and transparency measures has heavily impacted its overall score.
Significant weaknesses include the lack of a website listed on its tax form, missing conflict of interest and whistleblower policies, and failure to provide meeting minutes. Additionally, the nonprofit's high liabilities to assets ratio of 72.61% raises concerns about its financial stability. While the organization has a perfect program expense ratio, suggesting that all funds are directed toward its programs, the lack of transparency and proper governance frameworks is troubling.
Overall, while the River Park Community Foundation Inc may be effectively utilizing its funds for programs, its operational practices require substantial improvements to foster trust and accountability among donors and stakeholders. Addressing these issues will be crucial for enhancing its standing and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is River Park Community Foundation Inc legitimate?
River Park Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Park Community Foundation 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 River Park Community Foundation Inc?
The River Park Community Foundation Inc, as a specialized organization, is dedicated to donating a community park. Their primary mission is to contribute a park to cities, focusing on enhancing communal spaces and promoting recreational activities. Through their initiatives, they aim to enrich local communities by providing high-quality parks and playgrounds.
Who is the CEO of River Park Community Foundation Inc?
Timothy A Kraemer is the Vice President of River Park Community Foundation Inc.
What is the revenue of River Park Community Foundation Inc?
River Park Community Foundation Inc's revenue in 2023 was $121,543.
Who are the executives of River Park Community Foundation Inc and what are their salaries?
There 14 volunteers at River Park Community Foundation Inc.
Here are 3 key members and their salaries:
- 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 River Park Community Foundation Inc?
River Park Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of River Park Community Foundation Inc
River Park Community Foundation Inc is a nonprofit organization that dedicates its mission to enriching communities by donating a community park. With a focus on parks and playgrounds, this foundation plays a significant role in enhancing the livability of cities by providing a space for recreation and social interaction. The organization's primary activity is donating a community park to the city, making it an expert in this field. The River Park Community Foundation Inc's contribution not only brings a new green space but also fosters a sense of community by offering a place for people to gather, play, and connect.
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Impact
October, 2024
River Park Community Foundation Inc significantly enhances the quality of life in Cold Spring, MN, by donating community parks to the city. Their initiative is centered on the creation and enhancement of public recreational spaces, which fosters community engagement and promotes outdoor activities. By focusing on parks and playgrounds, they provide vital green spaces where residents can gather, connect, and enjoy leisure activities.
The foundation's efforts not only beautify the community but also contribute to the physical and mental well-being of its residents. Access to parks encourages outdoor exploration, physical fitness, and social interactions, thus enriching the community fabric. With a mission centered on the betterment of human services through the development of recreational areas, River Park Community Foundation Inc plays a crucial role in creating a healthier and more vibrant environment for all citizens of Cold Spring.
This information is meant to be a general summary of River Park Community Foundation 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 2023.
- Gross Receipts: $121,543
Assets and Liabilities:
- Total Assets: $64,724
- Total Liabilities: $47,000
- Net Assets: $17,724
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Organization Details
Founding Year
2017
Principal Officer
Timothy A Kraemer
Main Address
PO BOX 443, COLD SPRING, MN, 56320
NTEE Category
Code: P20 - Human services
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