Park Acquisition Corporation
- Assets
- $2.4m
- Revenue
- $59.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodville, MS
- Founding
- 06/2005
- Data as of
- 10/2020
- EIN
- 20-2523471
Organization Overview
Park Acquisition Corporation is located in Woodville, MS. The organization was established in 2005. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Acquisition Corporation 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 10/2020, Park Acquisition Corporation generated $59.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.9%) each year. All expenses for the organization totaled $157.5k during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE RECREATIONAL ACTIVITIES IN WILKINSON CO., MS AND THE ECONOMY OF WILKINSON CO.,MS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OPERATION AND CONTINUED IMPROVEMEMT OF A RECREATIONAL PARK TO BENEFIT THE CITIZENS OF WILKINSON COUNTY AND ENCOURAGE ECONOMIC GROWTH IN THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward D Anthony Vice-President | Officer | 2 | $0 |
Stephen Seal President | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,964 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,324 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| 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 | $7,314 |
| 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 | $48,826 |
| Insurance | $15,125 |
| All other expenses | $0 |
| Total functional expenses | $157,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,013 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,063 |
| Total assets | $2,421,648 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,421,648 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Acquisition Corporation has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Wilkinson County Industrial Development Authority Woodville, MS PURPOSE: TO HELP THE CONSTRUCTION OF A RECREATIONAL PARK IN WILKINSON COUNTY, MS. | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alabama Pals Inc-People Against A Littered State Inc Montgomery, AL | $331,724 | $591,520 |
Transportation Energy Partnership Knoxville, TN | $433,928 | $746,719 |
Keep Athens-Limestone Beautiful Inc Athens, AL | $404,262 | $443,842 |
Operation Green Team Foundation Huntsville, AL | $394,390 | $102,611 |
Greater Eastover Foundation Inc Jackson, MS | $91,053 | $259,440 |
River Region Trails Inc Montgomery, AL | $273,212 | $500,150 |
Friends Of False River Park Inc New Roads, LA | $162,831 | $385,750 |
Keep Alabama Beautiful Inc Meridianville, AL | $0 | $209,981 |
Proud Louisiana Llc Lafayette, LA | $153,260 | $347,934 |
Friends Of Shelby Park Inc Nashville, TN | $289,378 | $271,071 |
Keep Etowah Beautiful Inc Gadsden, AL | $29,456 | $205,325 |
Friends Of Mill Ridge Park Antioch, TN | $173,832 | $169,101 |