Oaks Park Association
- Assets
- $21.2m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 387
- Location
- Portland, OR
- Founding
- 08/1983
- Data as of
- 12/2023
- EIN
- 93-0825821
Organization Overview
Oaks Park Association is located in Portland, OR. The organization was established in 1983. 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, Oaks Park Association employed 387 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oaks Park Association 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, Oaks Park Association generated $10.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $8.6m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT, PRESERVATION AND OPERATION OF A PUBLIC PARK AND RECREATION FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DEVELOPMENT, PRESERVATION, AND OPERATION OF A PUBLIC PARK AND RECREATION FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gustafson Director | Trustee | 0 | $0 |
Ronald Beltz Director | Trustee | 0 | $0 |
Patrick L Lacrosse Director | Trustee | 0 | $0 |
Larry Walter Director | Trustee | 0 | $0 |
Debbie Chow Director | Trustee | 0 | $0 |
Martha Bailey Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Walker Macy Landscape Architecture And Design | 12/30/23 | $524,876 |
Shiels Obletz Johnsen Inc Project Management Consulting | 12/30/23 | $162,415 |
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 | $360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360 |
| Total Program Service Revenue | $9,471,767 |
| Investment income | $242,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $232,573 |
| Net Gain/Loss on Asset Sales | -$31,202 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $105,048 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,021,152 |
| 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. | $391,297 |
| Compensation of current officers, directors, key employees. | $391,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,824,659 |
| Pension plan accruals and contributions | $68,578 |
| Other employee benefits | $344,493 |
| Payroll taxes | $426,533 |
| 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 | $0 |
| Fees for services: Other | $304,181 |
| Advertising and promotion | $157,435 |
| Office expenses | $87,967 |
| Information technology | $128,508 |
| Royalties | $0 |
| Occupancy | $455,179 |
| Travel | $41,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,412,190 |
| Insurance | $412,768 |
| All other expenses | $51,171 |
| Total functional expenses | $8,627,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,726 |
| Savings and temporary cash investments | $4,225,546 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,088 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $325,168 |
| Prepaid expenses and deferred charges | $207,601 |
| Net Land, buildings, and equipment | $11,646,315 |
| Investments—publicly traded securities | $4,310,848 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,166,292 |
| Accounts payable and accrued expenses | $581,007 |
| Grants payable | $0 |
| Deferred revenue | $55,555 |
| 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 | $879,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,620 |
| Total liabilities | $1,645,252 |
| Net assets without donor restrictions | $19,465,485 |
| Net assets with donor restrictions | $55,555 |
| 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 | $21,166,292 |