Thousand Island Park Foundation Inc
- Assets
- $572.6k
- Revenue
- $74.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Thousand Island Park, NY
- Founding
- 12/2013
- Data as of
- 12/2023
- EIN
- 46-2819724
Organization Overview
Thousand Island Park Foundation Inc is located in Thousand Island Park, NY. 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. Thousand Island Park 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 12/2023, Thousand Island Park Foundation Inc generated $74.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.8% each year . All expenses for the organization totaled $90.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT CULTURAL AND EDUCATIONAL PROGRAMS IN THOUSAND ISLAND PARK, NEW YORK, AND TO ENHANCE AND REVITALIZE THE HISTORIC INFRASTRUCTURE OF THE PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THOUSAND ISLAND PARK FOUNDATION, INC. SUPPORTS AND FACILITATES A GREATER LIFE EXPERIENCE FOR ALL WHO RESIDE AND VISIT THOUSAND ISLAND PARK, N.Y. IN 2023 THE FOLLOWING GRANTS WERE AWARDED BY THOUSAND ISLAND PARK FOUNDATION, INC.:A. TABERNACLE COMMUNITY ASSOCIATION $1,350B. LANDMARK SOCIETY $1,100D. FRIENDS OF ROCK RIDGES $1,100E. THOUSAND ISLAND PARK HISTORICAL ASSOCIATION & MUSEUM $1,500F. THOUSAND ISLAND PARK LIBRARY $1,050G.FRIENDS OF ROCK RIDGES - TREEHOUSE MATCHING GRANT $10,000H.LANDMARK SOCIETY - GRANT FOR 150TH ANNIVERSARY BOOK $7,000I.THOUSAND ISLAND PARK YACHT CLUB $2,800K.SUSAN G. KOMEN BREAST CANCER FOUNDATION, INC $500EVENTS:THROUGHOUT THE SUMMER SEASON, ACTIVITIES INCLUDED THE THREE FUNDRAINING EVENTS OF THE ANNUAL RIVER BALL, THE DUNK TANK FOR BREAST CANCER, AND THE BOTTLES & CANS COLLECTION. FREE EVENTS INCLUDED THE DANCING IN THE STREET COMMUNITY MUSIC EVENT, THE ORCHESTRA OF NNY CONCERT WAS POSTPONED DUE TO WEATHER TO 2024, MULTIPLE CHILDREN'S ACTIVITIES INCLUDING ASTRONOMY AND WILDLIFE EDUCATIONAL EVENTS, JULY 4TH PARADE AND CARNIVAL, TWO FISHING DERBIES, WEEKLY FAMILY MOVIE NIGHTS, A SAVE THE RIVER SHORELINE CLEANUP AND RED CROSS BLOOD DRIVE. THERE WERE TWO TICKETED MUSICAL PERFORMANCES GENERATING $3,745 IN TICKET SALES.IN 2023, BOTH MUSICAL PERFORMANCE EVENTS WITH TICKET SALES WERE HANDLED THROUGH AN ONLINE SERVICE COMPANY WITH SUCH SERVICES PAID BY ATTENDEES AS SERVICE CHARGES AND RECORDED AS BANK FEES PAID. ALL EVENTS' COSTS PAID BY THE TIPF AMOUNTED TO $12,852. THE RIVER BALL TICKETS WERE ALSO ACQUIRED BY ATTENDEES ONLINE WITH SERVICE FEES PAID DIRECTLY BY ATTENDEES.IN ADDITION TO $25,900 IN MINI-GRANTS TO TIP COMMUNITY ORGANIZATIONS, THE FOUNDATION DONATED $500 TO THE SUSAN G. KOMEN BREAST CANCER FOUNDATION, INC. THAT WAS RAISED WITH THE DUNK TANK EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Brasser Director | Trustee | 2 | $0 |
Richard Hansinger Director | Trustee | 2 | $0 |
Kent Humphries Director | Trustee | 2 | $0 |
Daniel Keane Director | Trustee | 2 | $0 |
David Lake Chairperson / President | OfficerTrustee | 2 | $0 |
Kate Turri Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $3,929 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,066 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,995 |
| Total Program Service Revenue | $0 |
| Investment income | $9,330 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $15,771 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,096 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $26,400 |
| 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 | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,050 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $11,314 |
| Insurance | $690 |
| All other expenses | $1,190 |
| Total functional expenses | $90,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101 |
| Savings and temporary cash investments | $118,677 |
| 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 | $0 |
| Net Land, buildings, and equipment | $81,671 |
| Investments—publicly traded securities | $372,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61 |
| Total assets | $572,599 |
| Accounts payable and accrued expenses | $13,500 |
| 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 | $20,102 |
| Total liabilities | $33,602 |
| Net assets without donor restrictions | $0 |
| 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 | $572,599 |
Grants Awarded
Over the last fiscal year, Thousand Island Park Foundation Inc has awarded $19,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF ROCK RIDGES NATURE TRAIL INC PURPOSE: TREEHOUSE MATCHING GRANT | $11,100 |
THOUSAND ISLAND PARK PRESERVATION COMPANY INC ( TIP LANDMARK SOCIETY) PURPOSE: GRANT FOR 150TH ANNIVERSARY BOOK | $8,100 |