College Park City-University Partnership Inc
- Assets
- $1.7m
- Revenue
- $510.3k
- Investments
- $0.0
- Employees
- 3
- Location
- College Park, MD
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 52-2063054
Organization Overview
College Park City-University Partnership Inc is located in College Park, MD. The organization was established in 1998. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, College Park City-University Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Park City-University Partnership 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 06/2022, College Park City-University Partnership Inc generated $510.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $377.5k during the year ending 06/2022. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE PARK CITY-UNIVERSITY PARTNERSHIP RECOGNIZES THAT THE SUCCESS OF THE CITY OF COLLEGE PARK AND THE UNIVERSITY OF MARYLAND ARE LINKED TOGETHER. IT WORKS IN DYNAMIC COLLABORATION TO CREATIVELY AND EFFECTIVELY FACILITATE COOPERATIVE EFFORTS THAT ACHIEVE SHARED COMMUNITY PURPOSES. THE PARTNERSHIP ADVANCES INITIATIVES AND POLICIES TO MAKE COLLEGE PARK A MORE THRIVING, EQUITABLE AND SUSTAINABLE COMMUNITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH OUR PARTNERS THE CITY OF COLLEGE PARK AND THE UNIVERSITY OF MARYLAND AS WELL AS PRINCE GEORGE'S COUNTY, THE STATE OF MARYLAND, AND THE MANY STAKEHOLDERS OF RESIDENTS, BUSINESS OWNERS, LANDOWNERS, AND MORE, WE HAVE CONTINUED TO MAKE GREAT PROGRESS IN RECENT YEARS TO TRANSFORM COLLEGE PARK AS OUTLINED IN THE UNIVERSITY COMMUNITY VISION 2030. THIS YEAR THE PARTNERSHIP'S FOUR STRATEGIC AREAS INCLUDE NEIGHBORHOOD PRESERVATION AND DEVELOPMENT, TRANSPORTATION, PRE-K-12 EDUCATION, AND PUBLIC HEALTH AND SAFETY. THESE EACH ARE REQUIRED TO RUN EQUITY AND SUSTAINABILITY THROUGH. THESE COMMITTEES SUPPORT INITIATIVES SUCH AS THE PARTNERSHIP'S HOMEOWNERSHIP PROGRAM, THE PRESERVATION OF RETAIL STORES AND RESTAURANTS, RIVERWALKS, NEW MURALS, AND CONTINUED IMPLEMENTATION OF PEDESTRIAN AND BICYCLIST SAFETY INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Olson Executive Director/secretary (thru March 2022) | Officer | 40 | $135,589 |
Valerie Woodall Interim Executive Director | Officer | 40 | $48,762 |
Edward J Maginnis Treasurer | OfficerTrustee | 7 | $0 |
Richard Wagner Chair | OfficerTrustee | 10 | $0 |
Carlo Colella Vice Chair | OfficerTrustee | 3 | $0 |
Stephen Brayman Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $510,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $510,100 |
| Total Program Service Revenue | $0 |
| Investment income | $165 |
| 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 | $510,265 |
| 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. | $188,926 |
| Compensation of current officers, directors, key employees. | $22,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $950 |
| Payroll taxes | $14,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,560 |
| Fees for services: Accounting | $15,451 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,524 |
| Advertising and promotion | $0 |
| Office expenses | $6,126 |
| 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 | $2,285 |
| All other expenses | $120,250 |
| Total functional expenses | $377,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $673,698 |
| Savings and temporary cash investments | $107,033 |
| Pledges and grants receivable | $30,000 |
| 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 | $4,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $902,250 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,717,781 |
| Accounts payable and accrued expenses | $22,976 |
| 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 | $22,976 |
| Net assets without donor restrictions | $552,555 |
| Net assets with donor restrictions | $1,142,250 |
| 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 | $1,717,781 |
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