Petaluma River Park Foundation Inc
- Assets
- $10.1m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Petaluma, CA
- Founding
- 09/2019
- Data as of
- 12/2023
- EIN
- 84-2431277
Organization Overview
Petaluma River Park Foundation Inc is located in Petaluma, CA. The organization was established in 2019. 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 12/2023, Petaluma River Park Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petaluma River 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 12/2023, Petaluma River Park Foundation Inc generated $8.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.2% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET OUR VITAL NEED FOR SHARED SPACE THAT CONNECTS PEOPLE, ART, AND NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, PETALUMA RIVER PARK FOUNDATION CONTINUED PUBLIC PROGRAMMING AND PREPARED FOR PLANNING THE FUTURE OF THE PARK:- CONVENED A "DREAM TEAM" TO LEAD THE EQUITABLE AND INCLUSIVE PROCESS OF CO-CREATING THE DESIGN OF THE FUTURE PARK- COLLECTED PLANNING DATA FROM THE PUBLIC, FOCUSING EFFORTS TO GATHER DREAMS, HOPES, AND DESIRES FROM COMMUNITY MEMBERS WHO HAVE HISTORICALLY BEEN LEFT OUT OF PLANNING PROCESSES FOR PUBLIC SPACES- INSTALLED A SCULPTURE CALLED, "HURU" BY MARK DI SUVERO ON THE PARK PROPERTY- HELD "FIRST SATURDAY" PROGRAMS AT THE RIVER PARK, INCLUDING STORYTELLING, FAMILY DAY, AFRICAN DRUMMING AND PRINTMAKING, DIA DE LOS MUERTOS, AND OTHER EVENTS- HIRED AND ONBOARDED OUR A COMMUNITY ENGAGEMENT MANAGER AND AN ADMINISTRATIVE AND MARKETING ASSOCIATE)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Duskin President/chair | OfficerTrustee | 10 | $0 |
Deborah Smith Vice Chair | OfficerTrustee | 5 | $0 |
Jorge Servin Treasurer | OfficerTrustee | 1 | $0 |
Sean Paul Lorentz Secretary | OfficerTrustee | 5 | $0 |
Ana Cordova Belik Board Member | Trustee | 2 | $0 |
Darling Gonzalez Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $212,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,278,243 |
| Noncash contributions included in lines 1a–1f | $65,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,490,736 |
| Total Program Service Revenue | $0 |
| Investment income | $170,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,661,125 |
| 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. | $301,716 |
| Compensation of current officers, directors, key employees. | $103,306 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,616 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,216 |
| Payroll taxes | $26,481 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,256 |
| Fees for services: Accounting | $27,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,625 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,519 |
| Advertising and promotion | $81,383 |
| Office expenses | $14,523 |
| Information technology | $22,987 |
| Royalties | $0 |
| Occupancy | $17,944 |
| Travel | $6,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,843 |
| All other expenses | $108,901 |
| Total functional expenses | $1,025,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,132 |
| Savings and temporary cash investments | $8,066,274 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $105,915 |
| 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 | $17,234 |
| Net Land, buildings, and equipment | $1,540,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $100,000 |
| Total assets | $10,061,394 |
| Accounts payable and accrued expenses | $146,007 |
| 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 | $146,007 |
| Net assets without donor restrictions | $1,898,232 |
| Net assets with donor restrictions | $8,017,155 |
| 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 | $10,061,394 |