Norwood Park Foundation

Nonprofit profile at a glance

EIN
454891853
IRS 990 coverage
2017–2021
Forms available
Form 990 2021, Form 990-N 2016
Location
Austin, TX, USA
Phone
5124764902
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$3,828
Expenses
$31,801
Assets
$29,731
Liabilities
$487,238

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

Leadership & pay

8 people listed

Executive titles in this filing

  • COLLEEN THERIOT (PRESIDENT)

People named in this filing

  • COLLEEN THERIOT (PRESIDENT)
  • CHARLES DI PIAZZA (VICE-PRESIDE)
  • TERI O'GLEE (VICE CHAIR)

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

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

Overview

Mission

The mission of the norwood park foundation is to restore the norwood house to its historic exterior appearance, rehabilitate the surrounding historic grounds and gardens, and repurpose the property to serve the people of austin as a premier, nonprofit and self-sustaining rental venue and community meeting space. The most significant activities of the norwood park foundation since its incorporation have been the stabilization of the historic norwood house, stewarding of the norwood site in an ongoing manner, accomplishing all design work for the project, permitting the project, and raising money to complete the project. Form 990 - organization's mission the mission of the norwood park foundation is to restore the norwood house to its historic exterior appearance, rehabilitate the surrounding historic grounds and gardens, and repurpose the property to serve the people of austin as a premier, nonprofit and self-sustaining rental venue and community meeting space. Form 990, part vi, line 1

What it reported doing in 2021

In a public/private partnership with the city of austin, restore and maintain austin's historic norwood house, with the vision of hosting events to share the public park asset with the community in a self-sustaining fashion, and ensure its future protection.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 16
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -730.7%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 16.39; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 10.8% per year; rating input score 100; 79th percentile among comparable filings
  • Revenue growth: -23.6% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: -13.3% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $31K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2017 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 6/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.