Overview
What is Spring River Corridor Foundation?
The Spring River Corridor Foundation is a nonprofit organization based in Roswell, New Mexico. Their primary focus is the continued development of the Spring River Corridor, a trail system, within the city. The Foundation's mission encompasses various aspects, including raising funds and managing expenses for the ongoing development of this trail system. By doing so, they aim to contribute to the community of Roswell, enhancing its outdoor spaces and promoting recreational activities for its residents and visitors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Spring River Corridor Foundation has received a two-star rating from Charity Navigator, indicating that there are several areas needing improvement within the organization. While it has achieved a strong score in several key areas related to accountability and finance, such as having a fully independent board and a perfect program expense ratio, it falls short in several important governance practices.
The organization scored particularly well in areas such as the material diversion of assets and liabilities to asset ratios, both of which reflect sound financial management. However, significant deficiencies were noted regarding governance policies, including the absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy. Additionally, the foundation's website is missing critical information, such as its tax form and links to its governing documents.
Overall, while the Spring River Corridor Foundation demonstrates strong financial health, the lack of essential governance policies and transparency measures may hinder its effectiveness and public trust. Addressing these shortcomings could enhance its credibility and operational effectiveness moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Spring River Corridor Foundation legitimate?
Spring River Corridor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring River Corridor Foundation 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: $0
For more financial information, click here
What is the mission statement of Spring River Corridor Foundation?
The Spring River Corridor Foundation focuses on the development of a trail system, specifically the Spring River Corridor, with the aim of continuous improvement. Their mission is to enhance and preserve this trail system for the benefit of everyone, promoting outdoor recreation and community engagement. Through their efforts, they strive to create a connected and enjoyable network of trails for all to enjoy. They raise funds and manage expenses to support the ongoing development and maintenance of the Spring River Corridor.
Who is the CEO of Spring River Corridor Foundation?
Steve Smith is the President of Spring River Corridor Foundation.
What is the revenue of Spring River Corridor Foundation?
Spring River Corridor Foundation's revenue in 2022 was $37,235.
Who are the executives of Spring River Corridor Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Spring River Corridor Foundation?
Spring River Corridor Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spring River Corridor Foundation
The Spring River Corridor Foundation, a non-profit organization, is dedicated to the continuous development of the Spring River Corridor, a trail system. Their mission is focused on enhancing and expanding this trail system, located in Roswell, New Mexico. The Foundation's primary objective is to contribute to the improvement and growth of the Spring River Corridor, aiming to create an enjoyable and accessible outdoor recreational space for the community. The Foundation manages and funds various expenses related to the development of the Spring River Corridor, ensuring its continued progress and upkeep.
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Impact
June, 2024
Spring River Corridor Foundation's impact lies in the continued development of the Spring River Corridor, a trail system located in Roswell, New Mexico. Through their efforts, they contribute to the enhancement of public recreational spaces, promote environmental conservation, and foster community engagement. Their work not only improves the quality of life for residents but also attracts visitors to experience the beauty of the natural surroundings. Overall, their dedication to the development of the Spring River Corridor positively impacts the local environment and community in Roswell, New Mexico.
This information is meant to be a general summary of Spring River Corridor Foundation. 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: $37,235
- Gross Receipts: $37,235
Assets and Liabilities:
- Total Assets: $1,206,771
- Total Liabilities: $0
- Net Assets: $1,206,771
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Organization Details
Founding Year
1986
Phone
(575) 622-5863Principal Officer
Steve Smith
Main Address
PO BOX 2527, ROSWELL, NM, 882022527
NTEE Category
Code: C015 - Environment
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