Fund For Park Avenue New York Inc
- Assets
- $3.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 08/1999
- Data as of
- 12/2021
- EIN
- 13-4061153
Organization Overview
Fund For Park Avenue New York Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 12/2021, Fund For Park Avenue New York Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Park Avenue New York 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 12/2021, Fund For Park Avenue New York Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND BEAUTIFY PARK AVENUE IN NEW YORK CITY BY BEAUTIFICATION ACTIVITIES THAT WILL CONTRIBUTE TO THE VISUAL, AESTHETIC AND ARCHITECTURAL INTEREST OF PARK AVENUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK AVENUE MALL PLANTING PROJECT-BEAUTIFICATION ACTIVITIES SUCH AS LANDSCAPING WHICH CONTRIBUTES TO THE ARCHITECTURAL INTEREST OF PARK AVENUE.
HOLIDAY LIGHTING PROJECT-BEAUTIFICATION ACTIVITIES SUCH AS TREES AND LIGHTS ON PARK AVENUE FOR THE HOLIDAY SEASONS
SCULPTURE PROGRAM- EXHIBITIONS CREATED BY ARTISTS ARE DISPLAYED ON PARK AVENUE,WHICH CONTRIBUTES TO THE ARCHITECTURAL INTEREST OF PARK AVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mclaughlin President | OfficerTrustee | 40 | $85,000 |
Ronald D Spencer ESQ Chairman | Trustee | 0 | $0 |
Martha Vietor Glass Treasurer | Trustee | 0 | $0 |
Marc B Porter Director | Trustee | 0 | $0 |
Mary Davidson Director | Trustee | 0 | $0 |
Eugenie Niven Goodman Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,014,093 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,014,093 |
| Total Program Service Revenue | $0 |
| Investment income | $123,283 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,878 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,156,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,000 |
| Compensation of current officers, directors, key employees. | $68,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,500 |
| Pension plan accruals and contributions | $8,000 |
| Other employee benefits | $5,924 |
| Payroll taxes | $15,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,468 |
| All other expenses | $22,550 |
| Total functional expenses | $1,053,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $579,775 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,644 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,336,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,839 |
| Total assets | $3,933,284 |
| Accounts payable and accrued expenses | $125,262 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $125,262 |
| Net assets without donor restrictions | -$430,313 |
| Net assets with donor restrictions | $4,238,335 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,933,284 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Fund For Park Avenue New York Inc has recieved totaling $78,633.
| Awarding Organization | Amount |
|---|---|
Via Art Fund Inc Boston, MA PURPOSE: CARRIE MAE WEEMS: THE SHAPE OF THINGS | $50,000 |
The Bessemer Giving Fund Woodbridge, NJ PURPOSE: GENERAL SUPPORT | $15,000 |
May And Samuel Rudin Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $5,000 |
Beverly Blank Perry Foundation Urbandale, IA PURPOSE: GENERAL OPERATING BUDGET | $2,500 |
The Endeavor Foundation Inc New York, NY PURPOSE: HOLIDAY LIGHTING | $1,500 |
Caroline M Lowndes Foundation Inc Wilmington, DE PURPOSE: CHARITABLE EVENT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairmount Park Conservancy Philadelphia, PA | $18,681,659 | $13,830,460 |
Keep America Beautiful Inc Stamford, CT | $6,867,452 | $5,357,757 |
New York Restoration Project New York, NY | $17,760,231 | $5,638,155 |
Nurture Nature Foundation New York, NY | $30,506,291 | $2,642,254 |
The Greenwood Gardens & Nature Short Hills, NJ | $30,406,289 | $2,445,108 |
Friends Of Derry Township Parks & Recreation Hershey, PA | $223,882 | $913,516 |
Greater Newark Conservancy Inc Newark, NJ | $13,066,036 | $2,115,520 |
Wethersfield Foundation Inc Amenia, NY | $44,341,605 | $3,639,809 |
Terracorps Inc Lowell, MA | $871,956 | $1,570,866 |
Friends Of The Pittsburgh Urban Forest Pittsburgh, PA | $3,690,341 | $1,725,352 |
Design Trust For Public Space Inc New York, NY | $2,416,344 | $3,238,139 |
Rockaway Waterfront Alliance Inc Far Rockaway, NY | $3,824,993 | $1,308,844 |