Overview
What is Midland Downtown Park Conservancy?
The Midland Downtown Park Conservancy is a dedicated nonprofit organization, situated in Midland, Texas. Its primary mission is to manage and operate Centennial Park, a high-quality urban park, providing a premier green space and social gathering place for local residents and visitors. This park offers recreational and educational facilities, contributing to the beautification of Downtown Midland and attracting businesses. The Conservancy aims to enrich the quality of life for the community, acting as a catalyst for social and economic growth. The organization operates out of 201 W WALL ST SUITE 200, Midland, TX 79701.
Official website here: www.centennialparkmidland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Midland Downtown Park Conservancy has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization achieved an impressive 88% in their Accountability & Finance score, reflecting effective oversight and governance practices. Notably, the board is entirely independent, which enhances its credibility and decision-making integrity.
The conservancy demonstrates responsible financial management, with a program expense ratio of 91.53%, signifying that the majority of expenditures are directly allocated to its mission-related activities. Furthermore, it has successfully addressed key governance elements, such as maintaining a conflict of interest policy and providing necessary documentation for board meetings and financial statements.
However, there are some areas for improvement, particularly the absence of a whistleblower policy, which could enhance transparency and accountability. Overall, the Midland Downtown Park Conservancy showcases a solid commitment to its mission, but addressing the noted limitations could strengthen its operational framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Midland Downtown Park Conservancy legitimate?
Midland Downtown Park Conservancy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland Downtown Park Conservancy 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: $322,375
For more financial information, click here
Official website here: www.centennialparkmidland.org
What is the mission statement of Midland Downtown Park Conservancy?
The Midland Downtown Park Conservancy is dedicated to providing a superior green space and gathering spot within the city center, enhancing the living experience for local residents and visitors. By doing so, it aims to stimulate social and economic growth in the area. The conservancy operates, manages, and programs Centennial Park, a high-quality urban park and open space with facilities and amenities designed for recreational and educational use by city residents and visitors, as well as to attract businesses and their patrons to the downtown area.
Official website here: www.centennialparkmidland.org
Who is the CEO of Midland Downtown Park Conservancy?
Scott Kidwell is the President of Midland Downtown Park Conservancy.
Official website here: www.centennialparkmidland.org
What is the revenue of Midland Downtown Park Conservancy?
Midland Downtown Park Conservancy's revenue in 2022 was $1,289,049.
Official website here: www.centennialparkmidland.org
Who are the executives of Midland Downtown Park Conservancy and what are their salaries?
There 25 volunteers at Midland Downtown Park Conservancy.
Here are 8 key members and their salaries:
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Official website here: www.centennialparkmidland.org
Where can I find the form 990 for Midland Downtown Park Conservancy?
Midland Downtown Park Conservancy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centennialparkmidland.org
Learn more at the official website: www.centennialparkmidland.org
Mission Statement of Midland Downtown Park Conservancy
The Midland Downtown Park Conservancy is dedicated to providing a superior green space and gathering place in downtown Midland. This mission aims to enhance the quality of life for local residents and visitors, serving as a catalyst for social and economic growth. The organization privately operates, manages, and programs Centennial Park, a high-quality urban park and open space with related facilities and amenities. This park is designed for the recreational and educational use and enjoyment of Midland's residents and visitors. The park's beauty and offerings are also intended to attract businesses and their patrons to downtown Midland.
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Impact
July, 2024
The Midland Downtown Park Conservancy has significantly enhanced the quality of life in Downtown Midland through the development and management of Centennial Park. This premier green space serves as a vital gathering place for residents and visitors, offering recreational and educational opportunities. By beautifying the area and providing amenities, the Conservancy has catalyzed social and economic growth, attracting businesses and patrons to Downtown Midland. Overall, the impact of the Conservancy extends beyond just providing a park; it has transformed the downtown area into a vibrant hub for the community.
This information is meant to be a general summary of Midland Downtown Park Conservancy. 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: $6,800
- Program Service Revenue: $104,511
- Gross Receipts: $1,289,049
Assets and Liabilities:
- Total Assets: $1,658,205
- Total Liabilities: $6,270
- Net Assets: $1,651,935
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT RENTAL
Revenue
$104,511
Organization Details
Founding Year
2018
Phone
(432) 683-5226Principal Officer
Scott Kidwell
Main Address
201 W WALL ST SUITE 200, MIDLAND, TX, 79701
NTEE Category
Code: N20 - Recreation
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