Friends Of Banning Park Corporation
- Assets
- $2.6m
- Revenue
- $455.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Wilmington, CA
- Founding
- 10/1974
- Data as of
- 06/2022
- EIN
- 23-7401609
Organization Overview
Friends Of Banning Park Corporation is located in Wilmington, CA. The organization was established in 1974. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Friends Of Banning Park Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Banning Park 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 06/2022, Friends Of Banning Park Corporation generated $455.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $271.3k during the year ending 06/2022. While expenses have increased by 0.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE HISTORY, PROMOTE EDUCATION, AND INSPIRE ENTREPRENEURIAL SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION, CONSERVATION, PROMOTION AND SUPPORT OF THE GENERAL PHINEAS BANNING MUSEUM AND THE HISTORICAL ASPECTS OF BANNING PARK, IN WHICH THE MUSEUM IS LOCATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Winthrop Banning Treasurer | OfficerTrustee | 2 | $0 |
Steve Hockett Board Member | OfficerTrustee | 2 | $0 |
John Meek Board Member | OfficerTrustee | 2 | $0 |
Simie Seaman Board Member | OfficerTrustee | 2 | $0 |
Julia Sheldon Banning President | OfficerTrustee | 5 | $0 |
Russell Mohberg Board Member | OfficerTrustee | 2 | $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 | $148,131 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,131 |
| Total Program Service Revenue | $0 |
| Investment income | $240,677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,727 |
| Net Income from Fundraising Events | $37,026 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $220 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,781 |
| 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 | $140,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,429 |
| Payroll taxes | $10,973 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,715 |
| Advertising and promotion | $16,797 |
| Office expenses | $3,544 |
| Information technology | $8,541 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $635 |
| Insurance | $2,701 |
| All other expenses | $6,061 |
| Total functional expenses | $271,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,840 |
| Savings and temporary cash investments | $351,852 |
| 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 | $8,520 |
| Prepaid expenses and deferred charges | $2,602 |
| Net Land, buildings, and equipment | $1,103 |
| Investments—publicly traded securities | $2,152,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,649,135 |
| Accounts payable and accrued expenses | $7,524 |
| 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 | $7,524 |
| Net assets without donor restrictions | $662,644 |
| Net assets with donor restrictions | $1,978,967 |
| 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 | $2,649,135 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Banning Park Corporation has recieved totaling $35,200.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $35,200 |
Endowment Analysis
| Beg. Balance | $1,610,123 |
| Ending Balance | $1,610,123 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Henry E Huntington Library & Art Gallery San Marino, CA | $965,906,123 | $108,580,757 |
Simon Wiesenthal Center Inc Los Angeles, CA | $83,162,323 | $27,772,617 |
Autry Museum Of The American West Los Angeles, CA | $221,261,500 | $7,406,490 |
Computer History Museum Mountain View, CA | $71,401,475 | $10,596,016 |
Bishop Museum Honolulu, HI | $80,582,452 | $14,106,624 |
Foundation Of The American Academy Of Ophthalmology San Francisco, CA | $169,457,779 | $13,944,505 |
Walt Disney Family Museum San Francisco, CA | $56,560,090 | $13,004,601 |
Contemporary Jewish Museum San Francisco, CA | $89,973,935 | $6,215,554 |
Wjo Foundation Los Angeles, CA | $40,838,683 | $19,917,813 |
Council On American-Islamic Relations California Anaheim, CA | $15,557,872 | $7,778,802 |
Pacific Battleship Center San Pedro, CA | $7,123,238 | $6,518,959 |
Swc Museum Corp Los Angeles, CA | $185,291,567 | $7,296,634 |