Summit Park Line Foundation Inc
- Assets
- $858.9k
- Revenue
- $128.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Summit, NJ
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3753496
Organization Overview
Summit Park Line Foundation Inc is located in Summit, NJ. The organization was established in 2015. 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 itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Summit Park Line 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, Summit Park Line Foundation Inc generated $128.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $23.5k 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 FOUNDATION HAS COMPLETED AN ENGINEERING FEASIBILITY STUDY AND A STRUCTURAL FEASIBILITY STUDY AS IT PERTAINS TO BUILDING A BRIDGE THAT SPANS OVER MORRIS AVENUE AND HAS RECEIVED APPROVALS TO PROCEED. THE FOUNDATION HAS HIRED A CONTRACTOR TO BUILD THE BRIDGE. THE PROJECT WAS STARTED IN SEPTEMBER OF 2022 AND WILL BE COMPLETED ON OCTOBER 22, 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHASE 1 - THE FOUNDATION COMPLETED THE ENGINEERING FEASIBILITY STUDY AND IT'S STRUCTURAL FEASIBILIY STUDY HAS BEEN APPROVED.PHASE 2 -PLANS FOR A BRIDGE THAT SPANS MORRIS AVENUE IN SUMMIT, NJ. PHASE 3 - THE FOUNDATION FUNDED $100,000 FOR AN ENGINEERING PLAN WITH THE SUMMIT COMMON COUNCIL TO INSTALL A BRIDGE OVER MORRIS AVENUE IN SUMMIT NEW JERSEY TO CONNECT THE TRAIL TO BRYANT PARK.PHASE 4 - THE FOUNDATION HAS HIRED A CONTRACTOR TO BUILD THE BRIDGE THAT SPANS MORRIS AVENUE TO CONNECT THE TRAIL TO BRYANT PARK. THE FOUNDATION HAS PAID THE CITY OF SUMMIT $590,000 TO PAY THE CONTRACTOR. THE PROJECT BEGAN IN SEPTEMBER OF 2022 AND WILL BE COMPLETED ON OCTOBER 22, 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Rubino MD President | OfficerTrustee | 5 | $0 |
Frank Macioce Vice President | OfficerTrustee | 2 | $0 |
James J Brinkerhoff Vice President | OfficerTrustee | 3 | $0 |
Debra Karrat Secretary | OfficerTrustee | 2 | $0 |
Keith Langworthy Treasurer | OfficerTrustee | 2 | $0 |
Susan Rubino Trustee | Trustee | 1 | $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 | $127,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,400 |
| Total Program Service Revenue | $0 |
| Investment income | $657 |
| 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 | $128,057 |
| 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 | $19,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $254 |
| Office expenses | $22 |
| 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 | $0 |
| Insurance | $1,666 |
| All other expenses | $244 |
| Total functional expenses | $23,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,862 |
| Savings and temporary cash investments | $0 |
| 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 | $756,020 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $858,883 |
| 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 | $858,883 |
| 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 | $858,883 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Summit Park Line Foundation Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Langworthy Foundation Carson City, NV PURPOSE: GENERAL SUPPORT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
New York-New Jersey Trail Conference Inc Mahwah, NJ | $13,527,646 | $5,458,789 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
The Brandywine Creek State Park Trust Delaware Community Foundation Inc Ttee Wilmington, DE | $0 | $168 |
Childrens Beach House Inc Wilmington, DE | $14,014,176 | $2,446,544 |
Brooklyn Bridge Park Conservancy Inc Brooklyn, NY | $1,828,447 | $2,751,779 |
Buhl Park Corporation Hermitage, PA | $630,019 | $2,157,285 |