Stanley Park Of Westfield Inc
- Assets
- $11.9m
- Revenue
- $1.2m
- Investments
- $6.1m
- Employees
- 0
- Location
- Westfield, MA
- Founding
- 10/1950
- Data as of
- 12/2022
- EIN
- 04-2131404
Organization Overview
Stanley Park Of Westfield Inc is located in Westfield, MA. The organization was established in 1950. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stanley Park Of Westfield Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Stanley Park Of Westfield Inc generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN A REFUGE OF PHYSICAL AND SPIRITUAL BEAUTY WHERE PEOPLE MAY ENJOY GARDENS, TRAILS, MUSIC, EDUCATIONAL, SPORTING, AND CULTURAL ACTIVITIES AND RETAIN WILDLIFE HABITAT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Derouin President | 1 | $0 | |
Mark Morin Treasurer | 1 | $0 | |
Jonathan Caswell Director | 1 | $0 | |
Frederick Stecher Director | 1 | $0 | |
W Rockne Palmer Director | 1 | $0 | |
Peter Weston Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,050,062 |
| Interest on Savings | $4,876 |
| Dividends & Interest | $99,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$95,685 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $107,982 |
| Total Revenue | $1,167,224 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $115,171 |
| Other employee salaries and wages | $762,664 |
| Pension plans, employee benefits | $76,486 |
| Interest | $0 |
| Taxes | $97,797 |
| Depreciation | $270,799 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,569 |
| Printing and publications | $0 |
| Other expenses | $327,427 |
| Total operating and administrative expenses | $1,670,913 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,670,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,032,457 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $1,375 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,871 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,297,336 |
| Other assets | $438,998 |
| Total assets | $11,912,408 |
| Accounts payable and accrued expenses | $8,926 |
| Grants payable | $0 |
| Deferred revenue | $13,545 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $91,732 |
| Total liabilities | $114,203 |