Norwood Park Foundation
- Assets
- $29.7k
- Revenue
- $3.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 45-4891853
Organization Overview
Norwood Park Foundation is located in Austin, TX. The organization was established in 2013. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norwood 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 12/2021, Norwood Park Foundation generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (52.3%) each year. All expenses for the organization totaled $31.8k during the year ending 12/2021. 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 MISSION OF THE NORWOOD PARK FOUNDATION IS TO RESTORE THE NORWOOD HOUSE TO ITS HISTORIC EXTERIOR APPEARANCE, REHABILITATE THE SURROUNDING HISTORIC GROUNDS AND GARDENS, AND REPURPOSE THE PROPERTY TO SERVE THE PEOPLE OF AUSTIN AS A PREMIER, NONPROFIT AND SELF-SUSTAINING RENTAL VENUE AND COMMUNITY MEETING SPACE. THE MOST SIGNIFICANT ACTIVITIES OF THE NORWOOD PARK FOUNDATION SINCE ITS INCORPORATION HAVE BEEN THE STABILIZATION OF THE HISTORIC NORWOOD HOUSE, STEWARDING OF THE NORWOOD SITE IN AN ONGOING MANNER, ACCOMPLISHING ALL DESIGN WORK FOR THE PROJECT, PERMITTING THE PROJECT, AND RAISING MONEY TO COMPLETE THE PROJECT. FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE NORWOOD PARK FOUNDATION IS TO RESTORE THE NORWOOD HOUSE TO ITS HISTORIC EXTERIOR APPEARANCE, REHABILITATE THE SURROUNDING HISTORIC GROUNDS AND GARDENS, AND REPURPOSE THE PROPERTY TO SERVE THE PEOPLE OF AUSTIN AS A PREMIER, NONPROFIT AND SELF-SUSTAINING RENTAL VENUE AND COMMUNITY MEETING SPACE. FORM 990, PART VI, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A PUBLIC/PRIVATE PARTNERSHIP WITH THE CITY OF AUSTIN, RESTORE AND MAINTAIN AUSTIN'S HISTORIC NORWOOD HOUSE, WITH THE VISION OF HOSTING EVENTS TO SHARE THE PUBLIC PARK ASSET WITH THE COMMUNITY IN A SELF-SUSTAINING FASHION, AND ENSURE ITS FUTURE PROTECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Theriot President | OfficerTrustee | 30 | $0 |
Charles Di Piazza Vice-Preside | OfficerTrustee | 3 | $0 |
Teri O'glee Vice Chair | Trustee | 5 | $0 |
Suzy Fields At-Large | Trustee | 1 | $0 |
Mary Love Henderson At-Large | Trustee | 1 | $0 |
Chris Riley At-Large | Trustee | 3 | $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 | $3,825 |
| Noncash contributions included in lines 1a–1f | $630 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,825 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,828 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $666 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $160 |
| Information technology | $184 |
| 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 | $631 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,290 |
| All other expenses | $0 |
| Total functional expenses | $31,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,600 |
| Savings and temporary cash investments | $20,072 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $1,059 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,731 |
| Accounts payable and accrued expenses | $2,238 |
| 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 | $485,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $487,238 |
| Net assets without donor restrictions | -$457,507 |
| Net assets with donor restrictions | $0 |
| 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 | $29,731 |