Foundation Of Shalom Park Inc
- Assets
- $33.0m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Charlotte, NC
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 58-1477833
Organization Overview
Foundation Of Shalom Park Inc is located in Charlotte, NC. The organization was established in 1982. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Foundation Of Shalom Park Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Of Shalom Park 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, Foundation Of Shalom Park Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN, OPERATE, MAINTAIN, RENOVATE AND CONSTRUCT THE PROPERTIES & FACILITIES OF SHALOM PARK ON BEHALF OF THE JEWISH COMMUNITY.
Describe the Organization's Program Activity:
PROVIDES FACILITIES FOR THE RELIGIOUS, EDUCATIONAL, AND RECREATIONAL BENEFIT OF MEMBERS OF THE JEWISH COMMUNITY AND OTHER LOCAL RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Glaser Prior President | OfficerTrustee | 25 | $0 |
Annie Lord Vice President | OfficerTrustee | 1 | $0 |
Jack Levinson Director | Trustee | 1 | $0 |
Alan Blumenthal Director | Trustee | 1 | $0 |
Jennifer Collman Treasurer | OfficerTrustee | 1 | $0 |
Amy Udoff Director | 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 | $1,730,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,730,312 |
| Total Program Service Revenue | $4,267,732 |
| Investment income | $40,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,768 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,042,849 |
| 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 | $2,736,885 |
| 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 | $0 |
| 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 | $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 | $39,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,901,327 |
| Insurance | $204,884 |
| All other expenses | $47,248 |
| Total functional expenses | $6,265,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,620,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $578,643 |
| 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 | $31,123 |
| Net Land, buildings, and equipment | $20,541,792 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,240,532 |
| Total assets | $33,012,921 |
| Accounts payable and accrued expenses | $493,631 |
| Grants payable | $0 |
| Deferred revenue | $98,028 |
| 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 | $838,148 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,429,807 |
| Net assets without donor restrictions | $26,524,733 |
| Net assets with donor restrictions | $5,058,381 |
| 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 | $33,012,921 |