Lititz Springs Park Inc
- Assets
- $1.5m
- Revenue
- $399.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Lititz, PA
- Founding
- 10/1958
- Data as of
- 11/2021
- EIN
- 23-1509339
Organization Overview
Lititz Springs Park Inc is located in Lititz, PA. The organization was established in 1958. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 11/2021, Lititz Springs Park Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lititz Springs Park 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 11/2021, Lititz Springs Park Inc generated $399.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $222.9k during the year ending 11/2021. While expenses have increased by 2.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LITITZ SPRINGS PARK IS TO OPERATE, MAINTAIN, DEVELOP AND IMPROVE PUBLIC PARK GROUNDS. THIS INCLUDES MEMORIAL SQUARE, AS WELL AS THE LITITZ WELCOME CENTER, WHICH IS LOCATED ON THE PARK GROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE GROUNDS OF THE PARK AND MEMORIAL SQUARE THAT ARE AVAILABLE FOR USE BY EVERYONE. THE ORGANIZATION RECEIVED THE FOLLOWING IN-KIND CONTRIBUTIONS OF MATERIALS AND SERVICES RELATED TO THE JULY 4TH PROGRAM: ADVERTISING - 22,500 AUDIO & LIGHTING - 15,500 TOTAL = 38,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Gelatka Executive Se | Officer | 4 | $0 |
Richard Motz Trustee | Officer | 4 | $0 |
Jeff Rinehimer President | Officer | 6 | $0 |
Andrea Villarreal Treasurer | Officer | 6 | $0 |
William Armstrong Trustee | Trustee | 2 | $0 |
Ken Arnold Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $103,410 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,164 |
| Noncash contributions included in lines 1a–1f | $156,064 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,574 |
| Total Program Service Revenue | $0 |
| Investment income | $8,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,325 |
| Net Income from Fundraising Events | -$32,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $399,725 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,385 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,465 |
| Fees for services: Management | $3,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,270 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $818 |
| Office expenses | $6,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,698 |
| 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 | $44,709 |
| Insurance | $8,878 |
| All other expenses | $27,380 |
| Total functional expenses | $222,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,203 |
| Savings and temporary cash investments | $188,022 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,875 |
| 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 |
| Net Land, buildings, and equipment | $357,157 |
| Investments—publicly traded securities | $727,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,545,718 |
| 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 | $1,159,692 |
| Net assets with donor restrictions | $386,026 |
| 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 | $1,545,718 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lititz Springs Park Inc has recieved totaling $10,945.
| Awarding Organization | Amount |
|---|---|
Lancaster County Community Foundation Lancaster, PA PURPOSE: DESIGNATED FOR GENERAL OPERATING SUPPORT | $10,945 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
Goodwill Industries International Inc Rockville, MD | $67,550,943 | $66,436,715 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |