Friends of Fair Park Inc

Nonprofit profile at a glance

EIN
752007688
IRS 990-EZ coverage
2009–2021
Forms available
Form 990 2020, Form 990-EZ 2021
Location
Dallas, TX, USA
Phone
2146588027
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$131,670
Expenses
$85,772
Assets
$128,815
Liabilities
$45,580

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • Matthew C Wood (President)

People named in this filing

  • Matthew C Wood (President)
  • Mark Blaquiere CPA (Treasurer)
  • David Berryman (Office Manager)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the year round use of Fair Park; to support the Fair Park Museums and their progrms; encourage thoughtful planning for Fair Park's future; and to preserve the significant buildings and period art.

What it reported doing in 2021

During year ended June 30, 2021 Friends of Fair Park supported the Fair Park museums_and encouraged year round use of the park._We fund fairpark.org_and other social media efforts topromote events,_programs and daily attendance, which resulted in over 70,000 Website visits,_

Operating model

Revenue model
Other-operating. 66% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 94
  • Sustainability: 61
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.3%; rating input score 38
  • Program expense ratio: 56.2%; rating input score 56

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 2nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 34.9%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.5; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: -13.7% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -9.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 38.3% of revenue deployed · 56.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $48K in reported program spending
  • Leadership: top reported pay $0 · 21 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2009 to 2021
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.