Friends Of@martins Park Inc
- Assets
- $5.3m
- Revenue
- $677.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dorchester, MA
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 81-4844083
Organization Overview
Friends Of@martins Park Inc is located in Dorchester, MA. The organization was established in 2017. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of@martins 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 12/2021, Friends Of@martins Park Inc generated $677.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (25.5%) each year. All expenses for the organization totaled $217.3k 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
TO RAISE FUNDS FOR CONSTRUCTION AND MAINTENANCE OF A UNIVERSALLY ACCESSIBLE PARK AND PLAYGROUND TO HONOR MARTIN RICHARD AND HIS LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATIONS AND MAINTENANCE OF MARTIN'S PARK TO HONOR THE MEMORY OF MARTIN RICHARD. THE PARK OPENED TO THE PUBLIC IN JUNE 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Richard President | OfficerTrustee | 10 | $0 |
Thomas Crohan Treasurer | OfficerTrustee | 2 | $0 |
Charlayne Murrell-Smith Secretary | OfficerTrustee | 2 | $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 | $487,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,095 |
| Total Program Service Revenue | $0 |
| Investment income | $160,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,916 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $677,726 |
| 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 | $7,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,514 |
| Fees for services: Other | $140 |
| Advertising and promotion | $16,000 |
| Office expenses | $1,637 |
| 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 | $217,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,263,012 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,263,012 |
| Accounts payable and accrued expenses | $38,308 |
| 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 | $38,308 |
| Net assets without donor restrictions | $4,854,198 |
| Net assets with donor restrictions | $370,506 |
| 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 | $5,263,012 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of@martins Park Inc has recieved totaling $38,053.
| Awarding Organization | Amount |
|---|---|
Martin W Richard Charitable Dorchester, MA PURPOSE: UNRESTRICTED | $25,000 |
Boston Bruins Charitable Foundation Inc Boston, MA PURPOSE: COMMUNITY SUPPORT | $13,053 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
African Parks Foundation Of America New York, NY | $103,077,494 | $19,003,499 |
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Green Mountain Club Inc Waterbury Center, VT | $15,141,741 | $4,420,217 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
United States Sailing Foundaton Bristol, RI | $2,170,181 | $586,414 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |
Camp Dudley Foundation Inc Westport, NY | $16,516,671 | $1,683,317 |
Beaverdale Memorial Park Inc New Haven, CT | $1,525,229 | $1,030,865 |