Park Foundation Inc
- Assets
- $19.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 01/1995
- Data as of
- 12/2021
- EIN
- 58-2139088
Organization Overview
Park Foundation Inc is located in Little Rock, AR. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Park Foundation Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 0.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED TO SOLICIT FUNDS AND SUPPORT FOR POSITIVE ATMOSPHERE REACHES KIDS, INC. ("P.A.R.K., INC.") ANOTHER 501(C)(3) TAX EXEMPT ORGANIZATION. DONATIONS RECEIVED WILL BE SUBMITTED TO P.A.R.K., INC. AS REQUESTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS ESTABLISHED TO SOLICIT FUNDS AND SUPPORT FOR POSITIVE ATMOSPHERE REACHES KIDS, INC. ("P.A.R.K., INC.") ANOTHER 501(C)(3) TAX EXEMPT ORGANIZATION. DONATIONS RECEIVED WILL BE SUBMITTED TO P.A.R.K., INC. AS REQUESTED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Duncan Secretary | OfficerTrustee | 1 | $0 |
Walter E Hussman Jr President | OfficerTrustee | 1 | $0 |
Dora Jane Flesher Controller | Officer | 10 | $0 |
Keith Jackson Executive Di | Officer | 40 | $0 |
Bud Weststone Director | Trustee | 1 | $0 |
Jeff Fox 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 | $986,610 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,610 |
| Total Program Service Revenue | $0 |
| Investment income | $449,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $843,127 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,279,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,032,103 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,696 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,083,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,455,474 |
| Pledges and grants receivable | $446,577 |
| 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 | $0 |
| Investments—publicly traded securities | $17,498,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,400,497 |
| 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 | $6,699,749 |
| Net assets with donor restrictions | $12,700,748 |
| 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 | $19,400,497 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Park Foundation Inc has recieved totaling $163,554.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: SUPPORT | $30,000 |
Brown Foundation Inc Houston, TX PURPOSE: SUMMER ENRICHMENT PROGRAM | $30,000 |
Brown Foundation Inc Houston, TX PURPOSE: OPERATING FUNDS | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $21,600 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Endowment Analysis
| Beg. Balance | $10,280,347 |
| Earnings | $536,788 |
| Other Expense | $536,788 |
| Ending Balance | $10,280,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taylor Family Foundation St Louis, MO | $115,528,397 | $6,188,310 |
Austin Police Operation Blue Santa Austin, TX | $480,325 | $1,395,382 |
Clayton Dabney Foundation For Kids With Cancer Dallas, TX | $1,108,391 | $1,238,762 |
Park Foundation Inc Little Rock, AR | $19,400,497 | $2,279,307 |
A Soldiers Child Inc Murfreesboro, TN | $854,539 | $1,143,994 |
Azle Caring Center Azle, TX | $1,793,064 | $2,065,618 |
B I G Love Cancer Care Services Lake Jackson, TX | $687,441 | $1,005,161 |
Star Telegram Charities Inc Fort Worth, TX | $1,700,491 | $991,633 |
Generation Next Inc Branson, MO | $381,853 | $602,003 |
The Marion & Robert Rosenthal Family Foundation New Orleans, LA | $2,205,879 | $668,435 |
Helping Hand Me Downs Ballwin, MO | $0 | $542,427 |
Defenders Of Freedom Coppell, TX | $31,242 | $521,336 |