Kettering Parks Foundation
- Assets
- $2.7m
- Revenue
- $46.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Kettering, OH
- Founding
- 03/1983
- Data as of
- 01/2022
- EIN
- 31-1050162
Organization Overview
Kettering Parks Foundation is located in Kettering, OH. The organization was established in 1983. 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. Kettering 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 01/2022, Kettering Parks Foundation generated $46.0k 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 (11.3%) each year. All expenses for the organization totaled $30.5k during the year ending 01/2022. As we would expect to see with falling revenues, expenses have declined by (9.5%) 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
IMPROVING THE QUALITY OF LIFE FOR ALL KETTERING, OHIO RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CONTRIBUTE TO THE QUALITY OF LIFE IN KETTERING, OHIO BY PROVIDING FINANCIAL ASSISTNCE FOR THE IMPLEMENTATION AND/OR DEVELOPMENT OF CULTURAL, RECREATIONAL, AND EDUCATIONAL ENRICHMENT PROGRAMS, ACTIVITIES, AND FACILITIES THAT BENEFIT THE HEALTH AND INDIVIDUAL LEISURE NEEDS OF PERSONS LIVING IN THE KETTERING COMMUNITY.
TO CONTRIBUTE TO THE QUALITY OF LIFE IN KETTERING, OHIO BY PROVIDING ASSISTANCE FOR COMMUNITY PROJECTS THAT ENHANCE THE LIVES OF ITS RESIDENTS.
TO CONTRIBUTE TO THE QUALITY OF THE URBAN SETTING IN KETTERING, OHIO BY PROVIDING FINANCIAL ASSISTANCE IN THE ACQUISITION, IMPROVEMENT, PRESERVATION, CONSERVATION, AND REHABILITATION OF PUBLIC OPEN SPACES, FACILITIES, GARDENS, PARKS, AND OTHER NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neil Smalley President | OfficerTrustee | 2 | $0 |
Mary Beth O'dell Secretary | OfficerTrustee | 2 | $0 |
Linda Hadley Treasurer | OfficerTrustee | 2 | $0 |
David Bodary Board Member | Trustee | 1 | $0 |
Mike Eckley Board Member | Trustee | 1 | $0 |
Jim Leakas Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,143 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,994 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,137 |
| Total Program Service Revenue | $0 |
| Investment income | $15,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,946 |
| Net Income from Fundraising Events | $1,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,560 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $645 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,645 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,497 |
| Information technology | $5,750 |
| 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 | $0 |
| Insurance | $1,359 |
| All other expenses | $0 |
| Total functional expenses | $30,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,195 |
| Savings and temporary cash investments | $821,626 |
| Pledges and grants receivable | $219,057 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,424,614 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,742,492 |
| Accounts payable and accrued expenses | $2,264,983 |
| 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 | $2,264,983 |
| Net assets without donor restrictions | $106,462 |
| Net assets with donor restrictions | $371,047 |
| 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 | $2,742,492 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Kettering Parks Foundation has recieved totaling $436,800.
| Awarding Organization | Amount |
|---|---|
The Schiewetz Foundation Inc Dayton, OH PURPOSE: GENERAL FUND | $300,000 |
Greene County Community Foundation Xenia, OH PURPOSE: CAPITAL PROJECT GRANTS | $50,000 |
Kettering Family Foundation Dayton, OH PURPOSE: SPECIAL PROGRAM/PROJECT | $50,000 |
Fred And Alice Wallace Charitable Memorial Foundation Springboro, OH PURPOSE: EDUCATION | $26,800 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Buhl Park Corporation Hermitage, PA | $630,019 | $2,157,285 |
Smith Memorial Playgrounds Philadelphia, PA | $1,191,513 | $1,180,108 |
21st Century Parks Endowment Inc Louisville, KY | $74,704,243 | $16,831,658 |