Overview
What is Town Branch Park Inc?
Town Branch Park Inc is a nonprofit organization situated in Lexington, Kentucky, specifically at 249 EAST MAIN STREET 201. Their mission is to enhance the city's quality of life by transforming a nine-acre asphalt parking lot into a high-quality urban park and open space. This new park will offer recreational and educational facilities and amenities, allowing residents and visitors to enjoy the natural beauty of the countryside within the city. The organization is dedicated to achieving this goal through exceptional design and thoughtful park programming, which sets it apart as uniquely Lexington.
Official website here: www.townbranchpark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 47% - Zero-Star out of Four Star rating
Town Branch Park Inc has received a rating of 47% from Charity Navigator, which translates to a Zero-Star rating. While the organization demonstrates strong accountability and governance with perfect scores in areas such as board independence, conflict of interest policies, and the documentation of board meeting minutes, its overall financial health appears to be concerning.
The nonprofit's financial metrics highlight significant weaknesses, particularly in its program expense ratio and fundraising efficiency. With a program expense ratio of only 46.15% and a fundraising efficiency ratio of $0.03, these figures indicate that a substantial portion of its resources may not be allocated effectively towards its mission. Additionally, a long working capital ratio of 29.35 years raises questions about the organization’s operational sustainability.
On a positive note, Town Branch Park Inc excels in community engagement and feedback mechanisms, scoring 100% in culture and community, as well as feedback collection and usage. This reflects a strong commitment to involving stakeholders in its mission and operations, but the financial challenges noted must be addressed to improve its overall effectiveness and sustainability as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Town Branch Park Inc legitimate?
Town Branch Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Town Branch Park 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: $226,013
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.townbranchpark.org
What is the mission statement of Town Branch Park Inc?
Town Branch Park Inc's mission is centered around enhancing the quality of life for its citizens by bringing the natural beauty of the countryside into the city. This is achieved through exceptional park design and thoughtful programming, making it unique and distinctive. The organization is currently transforming a nine-acre asphalt parking lot into a high-quality urban park and open space, complete with facilities and amenities, for the recreational and educational use of local residents and visitors.
Official website here: www.townbranchpark.org
Who is the CEO of Town Branch Park Inc?
Allison Lankford is the Chair of Town Branch Park Inc.
Official website here: www.townbranchpark.org
What is the revenue of Town Branch Park Inc?
Town Branch Park Inc's revenue in 2022 was $5,677,827.
Official website here: www.townbranchpark.org
Who are the executives of Town Branch Park Inc and what are their salaries?
There 11 volunteers at Town Branch Park Inc.
Here are 12 key members and their salaries:
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- Compensation: $226,013
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Official website here: www.townbranchpark.org
Where can I find the form 990 for Town Branch Park Inc?
Town Branch Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.townbranchpark.org
Learn more at the official website: www.townbranchpark.org
Mission Statement of Town Branch Park Inc
Town Branch Park Inc is committed to bringing the untouched beauty of the countryside into the city, thereby enhancing the quality of life for its citizens. To achieve this, the organization focuses on exceptional design and thoughtful park programming that sets it apart as uniquely Lexington. In a notable initiative, Town Branch Park Inc is transforming a nine-acre asphalt parking lot into a high-quality urban park and open space, complete with related facilities and amenities. This new park will provide a recreational and educational space for the residents and visitors of Lexington to enjoy.
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Impact
July, 2024
Town Branch Park Inc's impact is significant in transforming a nine-acre asphalt parking lot in Lexington, Kentucky into a high-quality urban park and open space. This initiative aims to bring the unparalleled beauty of the countryside to the city, elevating the quality of life for residents and visitors through exceptional design and thoughtful park programming. By providing recreational and educational opportunities, Town Branch Park Inc is enhancing the local community's access to green spaces and fostering a more vibrant and engaging urban environment.
This information is meant to be a general summary of Town Branch Park 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.
- Investment Income: $7,770
- Gross Receipts: $5,677,827
Assets and Liabilities:
- Total Assets: $26,106,013
- Total Liabilities: $12,335,638
- Net Assets: $13,770,375
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Organization Details
Founding Year
2019
Phone
(859) 281-8420Principal Officer
Allison Lankford
Main Address
249 EAST MAIN STREET 201, LEXINGTON, KY, 40507
Website
www.townbranchpark.orgNTEE Category
Code: N32 - Recreation
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