Elings Park Foundation
- Assets
- $8.5m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Santa Barbara, CA
- Founding
- 10/1980
- Data as of
- 12/2021
- EIN
- 95-3500475
Organization Overview
Elings Park Foundation is located in Santa Barbara, CA. The organization was established in 1980. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Elings Park Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elings 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, Elings Park Foundation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELINGS PARK IS THE LARGEST RECREATIONAL COMPLEX IN SANTA BARBARA PROVIDING OUTDOOR RECREATIONAL NEEDS AND CREATING A HEALTHIER AND MORE VIBRANT COMMUNITY. THE FOUNDATION MAINTAINS 230 ACRES, PROVIDING OPEN SPACE, GARDENS, SPECIAL EVENT VENUES AND RECREATIONAL FACILITIES IN AN EXCEPTIONAL SETTING FOR THE BENEFIT OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELINGS PARK IS THE LARGEST RECREATIONAL COMPLEX IN SANTA BARBARA, PROVIDING OUTDOOR RECREATIONAL NEEDS AND CREATING A HEALTHIER AND MORE VIBRANT COMMUNITY. THE FOUNDATION'S PURPOSE IS TO DEVELOP AND OPERATE A 230-ACRE PARK FOR THE PUBLIC TO ENJOY. THE PARK SERVES OVER 216,000 PEOPLE ANNUALLY AND MAINTAINS SPECIAL EVENT VENUES HOSTING OVER 100 GROUPS ANNUALLY FOR WEDDINGS, GRADUATIONS, MEMORIAL SERVICES AND OTHER REVENUE-GENERATING EVENTS. THE PARK IS A DESTINATION WEDDING VENUE AND WINNER OF THE PRESTIGOUS KNOT BEST OF WEDDING AWARD. THE TWO MULTI-USE NATUARL TURF FIELDS SERVE OVER 5,000 SOCCER, RUGBY AND LACROSSE PLAYERS, BOTH YOUTH AND ADULT GROUPS. THE THREE LIGHTED SOFTBALL/BASEBALL FIELDS ARE HOME TO THE LARGEST ADULT SOFTBALL LEAGUE IN SANTA BARBARA AND TOURNAMENTS THAT SERVE OVER 5,000 PLAYERS. THE SUMMER DAY CAMP PROGRAM IS RATED ONE OF THE BEST PROGRAMS IN THE COUNTY, WITH OVER 900 CHILDREN PARTICIPATING, IN WHICH MANY CHILDREN RECEIVE SCHOLARSHIPS. OTHER CHILDREN'S PROGRAMS, SUCH AS THE GREAT EGG HUNT SERVE AN ADDITIONAL 1,000 CHILDREN. THE PARK PROVIDES THE ONLY BICYCLE MOTOR CROSS (BMX) AND REMOTE CONTROL CAR TRACK ON THE CENTRAL COAST AND SERVES NEARLY 500 EACH YEAR. THE PARAGLIDING/HANG GLIDING HILL SERVES MORE THAN 500 ANNUALLY. THE VETERANS MEMORIAL RECOGNIZES THOSE FROM SANTA BARBARA WHO DIED SERVING THEIR COUNTRY AND IS HOME FOR MANY MEMORIAL AND VETERAN DAY EVENTS. ELINGS PARK OFFERS THE LARGEST OFF-LEASH DOG PARK IN THE REGION AND THE ELINGS PARK DOG OWNER GROUP CURRENTLY HAS OVER 650 REGISTERED MEMBERS. THE PARK IS AVAILABLE TO MOUNTAIN BIKERS, HIKERS AND WALKERS WHO ENJOY THE MORE THAN SEVEN MILES OF ESTABLISHED TRAILS FOR ALL AGES AND SKILL LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Noble Executive Director | Officer | 40 | $115,000 |
John Britton Treasurer | OfficerTrustee | 5 | $0 |
Patty Bryant President | OfficerTrustee | 1 | $0 |
Dallas Verhagen Legal Secretary | OfficerTrustee | 1 | $0 |
Lew Venegas Director | Trustee | 1 | $0 |
Jennifer Oakley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evans Construction Construction | 12/30/21 | $353,458 |
Granite Construction Construction | 12/30/21 | $798,856 |
Oshan Trees Inc Construction | 12/30/21 | $104,101 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,885,030 |
| Noncash contributions included in lines 1a–1f | $47,908 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,001,623 |
| Total Program Service Revenue | $584,580 |
| Investment income | $45,970 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $124,472 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,756,645 |
| 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. | $117,160 |
| Compensation of current officers, directors, key employees. | $46,864 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $396,942 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,189 |
| Payroll taxes | $38,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $122,300 |
| Fees for services: Investment Management | $22,792 |
| Fees for services: Other | $60,637 |
| Advertising and promotion | $4,936 |
| Office expenses | $88,145 |
| Information technology | $5,842 |
| Royalties | $0 |
| Occupancy | $147,107 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,804 |
| Interest | $3,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,904 |
| Insurance | $28,833 |
| All other expenses | $1,126 |
| Total functional expenses | $1,711,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,148 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $414,914 |
| 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 | $10,511 |
| Net Land, buildings, and equipment | $4,827,481 |
| Investments—publicly traded securities | $2,612,045 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,528,099 |
| Accounts payable and accrued expenses | $85,254 |
| Grants payable | $0 |
| Deferred revenue | $205,988 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $441,242 |
| Net assets without donor restrictions | $4,413,789 |
| Net assets with donor restrictions | $3,673,068 |
| 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 | $8,528,099 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Elings Park Foundation has recieved totaling $640,505.
| Awarding Organization | Amount |
|---|---|
The Godric Foundation South Pasadena, CA PURPOSE: CHALLENGE GRANT $1M FOR TENNIS CTR & $1M FOR ELLINGS PARK | $334,505 |
Wood-Claeyssens Foundation Santa Barbara, CA PURPOSE: ELINGS PARK FOUNDATION EPIC! | $150,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $72,700 |
Trek Foundation Inc Waterloo, WI PURPOSE: TO SUPPORT ELINGS PARK FOUNDATION IN PROVIDING, PROTECTING, AND DEVELOPING LAND FOR PUBLIC USE BY BIKE RIDERS. | $60,000 |
June G Outhwaite Irrv Charitable Tr 010298 Santa Barbara, CA PURPOSE: ELINGS PARK TRAIL BEAUTIFICATION AND ACCESS PROJECT | $12,500 |
Santa Barbara Foundation Santa Barbara, CA PURPOSE: HUMAN SERVICES | $7,300 |
Endowment Analysis
| Beg. Balance | $3,169,527 |
| Earnings | $257,281 |
| Net Contributions | $366,260 |
| Other Expense | $120,000 |
| Ending Balance | $3,673,068 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Hills Memorial Park Endowment Care Trust Fund Rancho Palos Verdes, CA | $83,462,233 | $9,095,852 |
Reno-Tahoe Open Foundation Reno, NV | $100,630 | $4,549,050 |
Valley Of The Sun Bowl Foundation Scottsdale, AZ | $1,083,776 | $4,579,117 |
Outward Bound California San Francisco, CA | $5,260,897 | $5,231,373 |
Los Angeles Parks Foundation Los Angeles, CA | $6,042,813 | $2,779,556 |
The Scga Foundation Studio City, CA | $5,068,543 | $2,522,992 |
Truckee Meadows Parks Foundation Reno, NV | $433,381 | $1,831,292 |
Youth Tennis San Diego San Diego, CA | $3,088,296 | $1,446,054 |
Elings Park Foundation Santa Barbara, CA | $8,528,099 | $3,756,645 |
Vegas Jr Golden Knights Foundation Inc Las Vegas, NV | $277,565 | $1,461,319 |
Kukuiolono Park Trust Estate Honolulu, HI | $5,322,093 | $1,327,983 |
Death Valley Conservancy Pasadena, CA | $30,770,823 | $2,218,729 |