Greenpark Foundation Inc is located in Valhalla, NY. The organization was established in 1964. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenpark Foundation 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, Greenpark Foundation Inc generated $825.3k in total revenue. All expenses for the organization totaled $739.8k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE GREENPARK FOUNDATION, INC. OWNS AND OPERATES PALEY PARK, LOCATED AT 3-5 EAST 53RD STREET IN NEW YORK CITY. THE PARK OPENED IN 1967 AND IS SET ASIDE FOR THE ENJOYMENT OF THE GENERAL PUBLIC.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William C Paley President/dir | 1 | $0 | |
Daniel L Mosley Vp/ Sec/dir | 1 | $0 | |
Patrick S Gallagher Treasurer/dir | 5 | $50,580 | |
Samuel C Paley Member | 1 | $0 | |
David S Finkelstein Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $825,000 |
| Interest on Savings | $281 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $825,281 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,580 |
| Other employee salaries and wages | $50,729 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $47,237 |
| Occupancy | $57,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $466,165 |
| Total operating and administrative expenses | $739,787 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $739,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,596 |
| Savings and temporary cash investments | $64,865 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,495 |
| Prepaid expenses and deferred charges | $9,013 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,186,716 |
| Other assets | $20,855,216 |
| Total assets | $22,242,901 |
| Accounts payable and accrued expenses | $173,077 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $472,617 |
| Total liabilities | $645,694 |