Overview
What is Friends Of Indian Lake Peninsula?
Friends of Indian Lake Peninsula is a nonprofit organization based in Hendersonville, Tennessee. Their primary mission is to preserve, protect, and steward green space within the city for use as passive parks. They have successfully secured half of a 73-acre land area and persuaded the city to purchase the remaining half for the development of a passive park. The organization now focuses on funding improvements through grants and donations to ensure safe public access to the entire area, offering educational and healthy lifestyle opportunities for both young and old. In addition to these efforts, they organize events such as clean-up days and cycling events to engage the community and maintain the natural beauty of the area.
Official website here: www.fofilp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating.
Friends Of Indian Lake Peninsula has received a mixed evaluation with a score of 65%, indicating moderate performance in their accountability and finance practices. They excel in key areas such as having a fully independent board with a proper size and no material diversion of assets, which reflects positively on their governance structure. However, the organization's missing policies, including conflict of interest and whistleblower policies, raise concerns about their adherence to certain best practices.
The organization shows a reasonable program expense ratio of 61.32%, suggesting that a significant portion of their funds is directed toward their programs. Nevertheless, the absence of a tax form on their website and other crucial documentation points may hinder transparency and accountability. These factors contribute to their overall score, indicating room for improvement in their operational transparency and policy framework.
In summary, while Friends Of Indian Lake Peninsula demonstrates solid governance through its independent board and financial stability, the lack of key policies and documentation signifies areas where the organization could enhance its accountability and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Indian Lake Peninsula legitimate?
Friends Of Indian Lake Peninsula is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Indian Lake Peninsula 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.fofilp.org
What is the mission statement of Friends Of Indian Lake Peninsula?
Friends of Indian Lake Peninsula is committed to preserving and protecting green spaces, aiming to transform them into passive parks for public use. The organization works tirelessly to safeguard the natural and historical integrity of the area by promoting public access, maintaining and enhancing its features, and expanding its legacy for future generations. They have successfully achieved their initial goal, purchasing half of a 73-acre land and convincing the city to acquire the other half for park development. Currently, their main focus is to provide funding through grants and donations for improvements to the land. These enhancements will ensure the community can safely access the entire 73 acres, offering educational and healthy lifestyle opportunities for both young and old.
Official website here: www.fofilp.org
Who is the CEO of Friends Of Indian Lake Peninsula?
Jeff Cundiff is the Chairman of Friends Of Indian Lake Peninsula.
Official website here: www.fofilp.org
What is the revenue of Friends Of Indian Lake Peninsula?
Friends Of Indian Lake Peninsula's revenue in 2022 was $43,644.
Official website here: www.fofilp.org
Who are the executives of Friends Of Indian Lake Peninsula and what are their salaries?
There 43 volunteers at Friends Of Indian Lake Peninsula.
Here are 9 key members and their salaries:
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Official website here: www.fofilp.org
Where can I find the form 990 for Friends Of Indian Lake Peninsula?
Friends Of Indian Lake Peninsula's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fofilp.org
Learn more at the official website: www.fofilp.org
Mission Statement of Friends Of Indian Lake Peninsula
Friends of Indian Lake Peninsula is committed to preserving, protecting, and maintaining green spaces for passive parks, ensuring their natural and historical integrity. The organization strives to support public access, improve and enhance the features of these parks, and expand their legacy for future generations. The nonprofit has successfully achieved its initial goal by purchasing half of a 73-acre area and convincing the city to purchase the remaining half for the development of a passive park. Currently, Friends of Indian Lake Peninsula focuses on providing funding through grants and donations to improve the land, making it safe for the community to access all 73 acres. This will offer educational and healthy lifestyle opportunities for individuals of all ages.
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Impact
August, 2024
Friends Of Indian Lake Peninsula has had a significant impact on the preservation, protection, and stewardship of green space in Hendersonville, TN. The organization has successfully purchased half of the 73 acres of land and convinced the city to purchase the other half for the development of a passive park. This accomplishment has ensured the conservation of natural and historical integrity in the area for future generations.
Additionally, the efforts of Friends Of Indian Lake Peninsula have provided opportunities for the community to access and enjoy the green space through activities such as clean-up events, trail maintenance, and the development of new mountain bike trails. These initiatives not only promote a healthy lifestyle but also offer educational opportunities for individuals of all ages.
Overall, Friends Of Indian Lake Peninsula's dedication to preserving green space and expanding its legacy in Hendersonville has made a positive impact on the environment, community health, and recreational opportunities available to residents and visitors.
This information is meant to be a general summary of Friends Of Indian Lake Peninsula. 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.
- Gross Receipts: $43,644
Assets and Liabilities:
- Total Assets: $1,088,981
- Total Liabilities: $0
- Net Assets: $1,088,981
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Organization Details
Founding Year
2018
Phone
(615) 259-1373Principal Officer
Jeff Cundiff
Main Address
170 E MAIN ST STE D-187, HENDERSONVILLE, TN, 37075
Website
www.fofilp.orgNTEE Category
Code: T50 - Philanthropy
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