Partners for Parks Inc

Nonprofit profile at a glance

EIN
562004107
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
7049055546
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$192,598
Expenses
$121,146
Assets
$1,435,338
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • Beth Poovey (President)

People named in this filing

  • Greg Austin (Director)
  • Lorna Allen (Director)
  • James Derrick (Director)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Partners for Parks promotes Parks, Greenways, Recreation Centers, Nature Centers, Open Spaces and recreation in neighborhoods throughout Charlotte, Mecklenburg County and the surrounding Region.

What it reported doing in 2024

During 2024, Partners for Parks partnered with MCP&R and the City of Charlotte on multiple projects to enhance Parks and Recreation in Mecklenburg County. For many years we have supported the Annual MCP&R Senior Games held each Spring at various Park and Rec Facilities. Our support for the Senior Games in 2024 was $8,353 (income of $5,244). Also, during 2024, we worked with the City of Charlotte to establish a management organization to continue the enrichment of the Five Points Neighborhood and the Annual Five Points 5K Race in the underserved westside. We made a donation of $48,873 (the net proceeds that we had collected over the years) to establish this Neighborhood Management Non-Profit group.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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 a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 85
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 78.6%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: 37.1%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 11.85; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 24.9% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 30.8% per year; rating input score 100; 93rd percentile among comparable filings
  • Asset growth: -28.7% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 78.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 7 filing controls reported
  • Programs: 4 filed program accomplishments · $95K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 40 of 40 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.