Dte Beacon Park Foundation
- Assets
- $12.0m
- Revenue
- $120.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 82-3539884
Organization Overview
Dte Beacon Park Foundation is located in Detroit, MI. The organization was established in 2018. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Dte Beacon Park Foundation 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, Dte Beacon Park Foundation generated $120.7k 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 (51.3%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENRICHMENT - DTE BEACON PARK MAINTAINS A LARGE GREEN SPACE FOR COMMUNITY BENEFIT AND HOSTS VARIOUS EVENTS YEAR-ROUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn P Patterson Director | 0.5 | $0 | |
Lynette M Dowler President And Director | 2 | $0 | |
Jodi Frisicaro Treasurer And Director | 0.5 | $0 | |
Anthony J Tomczak Secretary And Director | 0.5 | $0 | |
Angie Pizzuti Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $112 |
| Net Rental Income | $72,912 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $107,145 |
| Pension plans, employee benefits | $50,086 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $13,204 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,121,366 |
| Total operating and administrative expenses | $2,306,142 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,306,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,776,656 |
| Net Accounts receivable | $16,675 |
| Net Pledges Receivable | $0 |
| Grants receivable | $5,268,333 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $501,201 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,390,000 |
| Other assets | $0 |
| Total assets | $11,952,865 |
| Accounts payable and accrued expenses | $35,129 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $21,727 |
| Total liabilities | $56,856 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Dte Beacon Park Foundation has recieved totaling $2,015,000.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $2,015,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |
Camp Jorn Young Mens Christian Association Manitowish Waters, WI | $14,142,692 | $2,178,716 |
Lake Minehaha Owners Association Inc Portage, IN | $1,097,994 | $1,270,955 |
Kalamazoo County Parks And Recreation Development Foundation Kalamazoo, MI | $588,846 | $1,070,772 |