Overview
What is Mcp Foundation Inc F/K/A Vpark Foundation Inc?
Mcp Foundation Inc, formerly known as Vpark Foundation Inc, is a Georgia-based nonprofit organization situated at 864 Spring Street NW, Atlanta, GA 30308. Its primary mission is to develop and manage a transformative green space and transportation solution in Midtown Atlanta, one of the most densely populated and diverse regions in the Southeast. The project aims to address the area's green space deficit and provide a much-needed transportation solution around a congested and outdated transportation scenario. The foundation serves as the governing body responsible for planning, engineering, development, programming, and operation of this comprehensive project. With a workforce of five individuals, Mcp Foundation Inc is dedicated to enhancing the quality of life in Midtown Atlanta through its innovative initiative.
Official website here: www.mcpfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The MCP Foundation, formerly known as the Vpark Foundation, has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The organization excels in areas such as having a majority independent board and maintaining comprehensive policies on conflict of interest and whistleblower protection. Additionally, it has demonstrated a low liabilities-to-assets ratio and a significant program expense ratio, indicating effective resource allocation towards its mission.
However, the foundation has notable limitations, particularly in its board size and the distribution of financial statements, which received no points. This suggests a lack of independent oversight in governance aspects. The fundraising efficiency ratio is also concerning, reported as zero, which may indicate challenges in fundraising efforts or potentially high costs associated with fundraising activities.
Overall, while the MCP Foundation shows promise with its financial management and accountability practices, it could benefit from improvements in governance structure and fundraising strategies to enhance its operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mcp Foundation Inc F/K/A Vpark Foundation Inc legitimate?
Mcp Foundation Inc F/K/A Vpark Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcp Foundation Inc F/K/A Vpark 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: $336,375
Professional Fundraising Fees: $0
Other Salaries and Wages: $277,624
For more financial information, click here
Official website here: www.mcpfound.org
What is the mission statement of Mcp Foundation Inc F/K/A Vpark Foundation Inc?
The McP Foundation Inc, formerly known as Vpark Foundation Inc, was established with a mission to oversee the planning, engineering, development, programming, and operation of a comprehensive transformative greenspace and transportation solution. This project, aimed at the densely populated and diverse region of Midtown Atlanta, is intended to create a world-class recreational and entertainment destination. The primary goal is to provide much-needed public green space in an area currently in a greenspace deficit, while also addressing the congested and outdated transportation scenario. The foundation serves as the primary non-profit entity responsible for all activities and efforts associated with this project, aiming to stitch together Midtown Atlanta, connecting the Georgia Tech campus to the east and adjacent neighborhoods to the west.
Official website here: www.mcpfound.org
Who is the CEO of Mcp Foundation Inc F/K/A Vpark Foundation Inc?
Taylor Morison is the Former Chairman, Ceo, Director of Mcp Foundation Inc F/K/A Vpark Foundation Inc. The CEO's salary of Mcp Foundation Inc F/K/A Vpark Foundation Inc is $0 and their total compensation is $0.
Official website here: www.mcpfound.org
What is the revenue of Mcp Foundation Inc F/K/A Vpark Foundation Inc?
Mcp Foundation Inc F/K/A Vpark Foundation Inc's revenue in 2022 was $2,447,604.
Official website here: www.mcpfound.org
Who are the executives of Mcp Foundation Inc F/K/A Vpark Foundation Inc and what are their salaries?
The average compensation at Mcp Foundation Inc F/K/A Vpark Foundation Inc during 2022 was $122,800. There are 5 employees at Mcp Foundation Inc F/K/A Vpark Foundation Inc.
Here are 7 key members and their salaries (Mcp Foundation Inc F/K/A Vpark Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $297,000
- Related: $0
- Other: $39,375
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $180,000
- Related: $0
- Other: $15,000
- Compensation: $216,000
- Related: $0
- Other: $18,000
- Compensation: $195,833
- Related: $0
- Other: $0
Official website here: www.mcpfound.org
Where can I find the form 990 for Mcp Foundation Inc F/K/A Vpark Foundation Inc?
Mcp Foundation Inc F/K/A Vpark Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcpfound.org
Learn more at the official website: www.mcpfound.org
Mission Statement of Mcp Foundation Inc F/K/A Vpark Foundation Inc
The McP Foundation Inc., formerly known as VPark Foundation Inc., was established with a mission to oversee the planning, engineering, development, programming, and operation of a transformative green space and transportation solution in the densely populated and diverse region of Midtown Atlanta. This nonprofit organization serves as the governing body responsible for creating a world-class recreational and entertainment destination, spanning from North Avenue to 10th Street. The project aims to "stitch" Midtown Atlanta back together, connecting the central campus of Georgia Tech to the west and Tech Square and adjacent Midtown neighborhoods to the east.
The primary objective of the McP Foundation Inc. is to address the significant green space deficit in the area while providing a much-needed transportation solution in one of the state's most congested and outdated transportation scenarios. By developing this comprehensive green space and transportation solution, the foundation aims to contribute to the revitalization of Midtown Atlanta, enhancing the quality of life for its residents and visitors alike. The McP Foundation Inc. plays a crucial role in this endeavor, serving as the primary non-profit responsible for all activities and efforts associated with the project.
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Impact
July, 2024
Mcp Foundation Inc F/K/A Vpark Foundation Inc's impact lies in its ambitious endeavor to create a transformative greenspace and transportation solution in Midtown Atlanta. By planning, engineering, developing, and programming a comprehensive project spanning over the I-75/85 "Connector," this organization aims to stitch back together a densely populated and diverse region, creating a world-class recreational and self-sustaining destination.
The foundation's primary mission is to address the severe greenspace deficit in the area while providing a much-needed transportation solution for one of the most congested and outdated transportation scenarios in the state. By serving as the governing body responsible for all activities associated with this project, Mcp Foundation Inc F/K/A Vpark Foundation Inc plays a crucial role in enhancing the community and improving the overall quality of life in Midtown Atlanta.
This information is meant to be a general summary of Mcp Foundation Inc F/K/A Vpark 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 2022.
- Gross Receipts: $2,447,604
Assets and Liabilities:
- Total Assets: $6,215,161
- Total Liabilities: $0
- Net Assets: $6,215,161
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Organization Details
Founding Year
2018
Phone
(404) 861-9647Principal Officer
Taylor Morison
Main Address
864 SPRING STREET NW, ATLANTA, GA, 30308
Website
www.mcpfound.orgNTEE Category
Code: S20 - Community improvement
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