Overview
What is Fair Park First?
Fair Park First is a Dallas-based nonprofit organization, established to manage and preserve Fair Park, a 277-acre city park and National Historic Landmark in Dallas, Texas (ZIP code 75210, located at 3809 Grand Avenue). This charitable entity operates for educational, scientific, literary, and charitable purposes, supervising historic landmarks, public parks, and entertainment venues, and related educational facilities. Fair Park First engages in various activities to further these objectives, with a significant attendance of 315,780 participants annually, hosting approximately 67 separate events.
Official website here: www.fairparkfirst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
Fair Park First has received a Three-Star rating from Charity Navigator, reflecting a solid score of 77% based primarily on its Accountability and Finance practices. The organization excels in areas such as having a fully independent board and strong financial oversight, which demonstrates a commitment to responsible governance and transparency.
While Fair Park First shows strength in its program expense ratio and fundraising efficiency, there are notable areas for improvement. The lack of a whistleblower policy and a document retention and destruction policy has been highlighted as a limitation. Additionally, the organization's liabilities to assets ratio suggests potential concerns about financial stability that may require attention.
Overall, Fair Park First's high program expenditure indicates that a significant portion of resources is directed towards its mission. However, addressing the identified weaknesses in governance policies could bolster its rating and reinforce trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Fair Park First legitimate?
Fair Park First is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fair Park First 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: $153,471
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,437,306
For more financial information, click here
Official website here: www.fairparkfirst.org
What is the mission statement of Fair Park First?
Fair Park First is a non-profit organization established for charitable, educational, scientific, and literary purposes, as defined by Section 501(C)(3) of the Internal Revenue Code. The organization's primary role is to oversee the management and stewardship of historic and architecturally significant landmarks, public parks, and public entertainment venues, as well as related educational facilities. Fair Park First engages directly in supporting these purposes and makes distributions to other organizations to further these goals. The corporation also participates in any lawful activities that are ancillary to its primary objectives but will not make these ancillary activities a substantial part of its activities.
Official website here: www.fairparkfirst.org
Who is the CEO of Fair Park First?
Brian Luallen is the President And Chair of Fair Park First. The CEO's salary of Fair Park First is $153,471 and their total compensation is $153,471.
Official website here: www.fairparkfirst.org
What is the revenue of Fair Park First?
Fair Park First's revenue in 2022 was $21,746,910.
Official website here: www.fairparkfirst.org
Who are the executives of Fair Park First and what are their salaries?
There 12 volunteers at Fair Park First.
Here are 17 key members and their salaries (Fair Park First's CEO's salary is $153,471 and their total compensation is $153,471):
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Official website here: www.fairparkfirst.org
Where can I find the form 990 for Fair Park First?
Fair Park First's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fairparkfirst.org
Learn more at the official website: www.fairparkfirst.org
Mission Statement of Fair Park First
Fair Park First, a renowned non-profit organization, is dedicated to managing and preserving Fair Park, a 277-acre city park and National Historic Landmark in Dallas. The mission of Fair Park First encompasses several charitable, educational, scientific, and literary objectives.
First and foremost, Fair Park First engages directly in supporting these purposes or distributes funds to other organizations for use in furtherance of such objectives. The organization's primary focus lies in overseeing the operations and management of historically and architecturally significant landmarks, public parks, public entertainment venues, and related educational facilities.
Moreover, Fair Park First partakes in any lawful activities that are incidental to its foregoing purposes, except as restricted. The corporation's commitment to its objectives is unwavering, with a passion for ensuring the continued success and vitality of the historic Fair Park and its numerous cultural institutions. By overseeing the park's management, Fair Park First not only preserves its rich history but also contributes to the educational, scientific, and literary pursuits of the community.
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Impact
October, 2024
Fair Park First plays a crucial role in the management and stewardship of Fair Park, a significant 277-acre urban park and national historic landmark in Dallas. By overseeing its operations, Fair Park First ensures that the park remains a vibrant hub for cultural and community events. Hosting 67 separate events that attract over 315,000 participants annually, the organization fosters a sense of community and engagement through diverse programming.
The impact of Fair Park First extends beyond mere event management; it preserves the park's architectural and historical integrity, contributing to the cultural richness of Dallas. Their commitment to the stewardship of Fair Park supports educational and artistic initiatives, creating opportunities for community members to engage with the arts and history. By enhancing the park's offerings and accessibility, Fair Park First strengthens the connection between residents and their cultural heritage, ultimately enriching the quality of life in the Dallas area.
This information is meant to be a general summary of Fair Park First. 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: -$158,502
- Gross Receipts: $24,671,688
Assets and Liabilities:
- Total Assets: $15,328,548
- Total Liabilities: $10,247,743
- Net Assets: $5,080,805
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Organization Details
Founding Year
2018
Phone
(214) 670-8400Principal Officer
Brian Luallen
Main Address
3809 GRAND AVENUE, DALLAS, TX, 75210
Website
www.fairparkfirst.orgNTEE Category
Code: A02 - Arts
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