Buffalo Grove Friends Of The Park Foundation
- Assets
- $103.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo Grove, IL
- Founding
- 08/1995
- Data as of
- 04/2023
- EIN
- 36-3952923
Organization Overview
Buffalo Grove Friends Of The Park Foundation is located in Buffalo Grove, IL. The organization was established in 1995. 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. Buffalo Grove Friends Of The Park 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 04/2023, Buffalo Grove Friends Of The Park Foundation generated $52.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $37.0k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED FUNDS FOR VARIOUS COMMUNITY EVENTS INVOLVING PARK DISTRICT AND VILLAGE RESIDENTS, AND FOR VARIOUS RECOGNITION AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Novak President | 1 | $0 | |
Erika Strojinc Secretary | 1 | $0 | |
Sara Lambert Vice President | 1 | $0 | |
Lynne Schneider Treasurer | 1 | $0 | |
Robert Giddens Director | 1 | $0 | |
Steven Antman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,165 |
| Total Program Service Revenue | $36,571 |
| Membership dues | $0 |
| Investment income | $774 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $52,510 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $9 |
| Other expenses | $15,922 |
| Total expenses | $37,031 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $103,359 |
| Other assets | $0 |
| Total assets | $103,359 |
| Total liabilities | $0 |
| Net assets or fund balances | $103,359 |