Friends Of City Park
- Assets
- $3.4m
- Revenue
- $2.9m
- Investments
- $262.9k
- Employees
- 7
- Location
- New Orleans, LA
- Founding
- 03/1980
- Data as of
- 09/2021
- EIN
- 72-0875507
Organization Overview
Friends Of City Park is located in New Orleans, LA. The organization was established in 1980. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Friends Of City Park employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of City Park 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 09/2021, Friends Of City Park generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.8m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Friends Of City Park has awarded 19 individual grants totaling $11,341,405. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT AND IMPROVE CITY PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK OPERATIONS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Mcneil Legal Chair | Trustee | 1 | $0 |
Ron Stone At-Large Member | Trustee | 1 | $0 |
Dr James Meza Jr At-Large Member | Trustee | 1 | $0 |
Leigh Morgan Thorpe Cpia Appointee | Trustee | 1 | $0 |
Jackie Palumbo At-Large Member | Trustee | 1 | $0 |
Jackie Shreves At-Large Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,682,530 |
| Investment income | $3,117 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,543 |
| Net Income from Fundraising Events | $139,045 |
| Net Income from Gaming Activities | $57,704 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,890,459 |
| Statement of Expenses | |
|---|---|
| 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. | $86,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,671 |
| Pension plan accruals and contributions | $17,789 |
| Other employee benefits | $1,939 |
| Payroll taxes | $16,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,405 |
| Office expenses | $2,591 |
| Information technology | $2,468 |
| 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 | $1,465 |
| Insurance | $7,683 |
| All other expenses | $0 |
| Total functional expenses | $1,765,317 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,676,171 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $445,918 |
| 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 | $28,827 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $262,902 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,039 |
| Total assets | $3,426,223 |
| Accounts payable and accrued expenses | $19,264 |
| Grants payable | $0 |
| Deferred revenue | $92,400 |
| 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 | $36,430 |
| Total liabilities | $148,094 |
| Net assets without donor restrictions | $1,545,547 |
| Net assets with donor restrictions | $1,732,582 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $3,278,129 |
Grants Awarded
Over the last fiscal year, Friends Of City Park has awarded $1,369,717 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY PARK IMPROVEMENT ASSOCIATION PURPOSE: TO BENEFIT AND IMPROVE CITY PARK NEW ORLEANS | $287,638 |
CITY PARK NEW ORLEANS PURPOSE: TO BENEFIT AND IMPROVE CITY PARK NEW ORLEANS | $1,082,079 |