Valparaiso Parks And Recreation Foundation Inc
- Assets
- $491.8k
- Revenue
- $384.3k
- Investments
- $96.5k
- Employees
- 0
- Location
- Valparaiso, IN
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 35-1756907
Organization Overview
Valparaiso Parks And Recreation Foundation Inc is located in Valparaiso, IN. The organization was established in 1990. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Valparaiso Parks And Recreation Foundation 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 12/2021, Valparaiso Parks And Recreation Foundation Inc generated $384.3k 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 (10.2%) each year. All expenses for the organization totaled $162.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.3%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VALPARAISO PARKS FOUNDATION PROVIDES OPPORTUNITIES FOR THE COMMUNITY TO SUPPORT THE CONTINUING LEGACY OF HIGH QUALITY EXPERIENCES PROVIDED BY VALPO PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT FOR THE VALPARAISO PARKS DEPARTMENT AND OTHER VALPARAISO DEPARTMENTS RELATED TO COMMUNITY PARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandi Anstine Treasurer | OfficerTrustee | 1 | $0 |
Tim Verschure Immediate Past President | OfficerTrustee | 1 | $0 |
Jim Cunningham President | OfficerTrustee | 1 | $0 |
Melanie Trowbridge Vice President | OfficerTrustee | 1 | $0 |
John Seibert Executive Director | Officer | 1 | $0 |
Rob Behrend Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $114,555 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $423,300 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,956 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $384,344 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,268 |
| 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 | $0 |
| Fees for services: Legal | $4,262 |
| Fees for services: Accounting | $7,965 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,969 |
| Fees for services: Other | $1,030 |
| Advertising and promotion | $2,390 |
| Office expenses | $5,752 |
| Information technology | $150 |
| 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 | $593 |
| All other expenses | $0 |
| Total functional expenses | $162,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,269 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,070 |
| 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 | $0 |
| Investments—other securities | $96,507 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $491,846 |
| 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 | $151,563 |
| Net assets with donor restrictions | $340,283 |
| 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 | $491,846 |
Grants Awarded
Over the last fiscal year, Valparaiso Parks And Recreation Foundation Inc has awarded $1,601,891 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VALPARAISO PARKS DEPARTMENT PURPOSE: TO PROVIDE SUPPORT TO THE VALPARAISO PARKS DEPARTMENT | $996,891 |
VALPARAISO REDEVELOPMENT COMMISSION PURPOSE: TO PROVIDE SUPPORT FOR CENTRAL PARK PLAZA | $605,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Valparaiso Parks And Recreation Foundation Inc has recieved totaling $87,354.
| Awarding Organization | Amount |
|---|---|
Porter County Community Foundation Inc Valparaiso, IN PURPOSE: TO ASSIST THE ORGANIZATION IN FURTHERING ITS EXEMPT PURPOSE | $62,342 |
John W Anderson Foundation Valparaiso, IN PURPOSE: OPERATING/CAPITAL | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Endowment Analysis
| Beg. Balance | $77,104 |
| Earnings | $15,017 |
| Admin Expense | $1,074 |
| Net Contributions | $8,660 |
| Grants | $3,200 |
| Ending Balance | $96,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Of Greater Waukesha County Inc New Berlin, WI | $45,522,336 | $21,339,242 |
Edward Health And Fitness Center Naperville, IL | $10,693,945 | $6,619,207 |
National Institute For Fitness And Sport Inc Indianapolis, IN | $3,388,339 | $6,121,753 |
Washington Area Community Center Inc Washington, IL | $16,748,598 | $3,867,978 |
World Baseball Academy Inc Fort Wayne, IN | $7,537,804 | $1,941,151 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
South Suburban Special Recreation Association Tinley Park, IL | $2,126,834 | $1,231,235 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |