Freeport Parks Foundation
- Assets
- $396.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Freeport, IL
- Founding
- 04/2009
- EIN
- 20-8120204
Organization Overview
Freeport Parks Foundation is located in Freeport, IL. The organization was established in 2009. 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. Freeport Parks Foundation 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 undefined, Freeport Parks Foundation generated $27.6k 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 (5.0%) each year. All expenses for the organization totaled $18.2k during the year ending undefined. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
THE FREEPORT PARKS FOUNDATION IS TO SUPPORT THE FREEPORT PARK DISTRICT'S RECREATIONAL GOALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coral Lamm Vice President | 1 | $0 | |
Adam Holder Director | 1 | $0 | |
Connie Witte Director | 1 | $0 | |
Tom Jungen Treasurer | 1 | $0 | |
Susanne Borchert President | 1 | $0 | |
Millie Keith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,663 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,951 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,614 |
| Statement of Expenses | |
|---|---|
| Total expenses | $18,248 |
| Balance Sheet | |
|---|---|
| Total assets | $396,414 |
| Total liabilities | $0 |
| Net assets or fund balances | $396,414 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |
Millennium Park Foundation Chicago, IL | $52,901,717 | $12,169,207 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Little Village Environmental Justice Organization Chicago, IL | $4,634,641 | $3,681,003 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |