Presque Isle Partnership Inc
- Assets
- $273.3k
- Revenue
- $237.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Erie, PA
- Founding
- 08/1994
- Data as of
- 12/2022
- EIN
- 25-1737521
Organization Overview
Presque Isle Partnership Inc is located in Erie, PA. The organization was established in 1994. 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 12/2022, Presque Isle Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presque Isle Partnership 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, Presque Isle Partnership Inc generated $237.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $260.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. 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
TO IMPROVE AND PROMOTE PRESQUE ISLE STATE PARK AND TO PROVIDE ENVIRONMENTAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK PROJECTS - IMPROVEMENTS AND RENOVATIONS TO ENHANCE THE QUALITY OF PRESQUE ISLE STATE PARK FOR ALL USERS.
PARK AND SPECIAL EVENTS. - TO PROMOTE THE ENJOYMENT OF PRESQUE ISLE STATE PARK THROUGH EDUCATIONAL AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Watts Vice-President | OfficerTrustee | 1 | $0 |
Pat Davis Secretary | OfficerTrustee | 1 | $0 |
John Kuhn Treasurer | OfficerTrustee | 1 | $0 |
Paul Burroughsesq Board Member | Trustee | 1 | $0 |
Bill Dunbar Board Member | Trustee | 1 | $0 |
Charlie Yazembiak Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,005 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,941 |
| Total Program Service Revenue | $111,840 |
| Investment income | $1,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,185 |
| 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. | $67,854 |
| Compensation of current officers, directors, key employees. | $67,854 |
| Compensation to disqualified persons | $10,398 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,758 |
| Payroll taxes | $7,219 |
| 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 | $1,132 |
| Fees for services: Other | $15,367 |
| Advertising and promotion | $9,866 |
| Office expenses | $0 |
| Information technology | $3,261 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,073 |
| 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 | $6,300 |
| Insurance | $3,064 |
| All other expenses | $20,423 |
| Total functional expenses | $260,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,019 |
| Savings and temporary cash investments | $24,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,078 |
| 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 | $8,348 |
| Investments—publicly traded securities | $75,847 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $273,254 |
| Accounts payable and accrued expenses | $974 |
| 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 | $974 |
| Net assets without donor restrictions | $197,318 |
| Net assets with donor restrictions | $74,962 |
| 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 | $273,254 |