The Fund For Parks And Recreation In Boston
- Assets
- $23.4m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 115
- Location
- Boston, MA
- Founding
- 08/2007
- Data as of
- 06/2022
- EIN
- 04-2784811
Organization Overview
The Fund For Parks And Recreation In Boston is located in Boston, MA. The organization was established in 2007. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Fund For Parks And Recreation In Boston employed 115 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Parks And Recreation In Boston 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 06/2022, Fund For Parks And Recreation In Boston generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTS AND VISITORS WITH CLEAN, GREEN, SAFE, AND ACCESSIBLE OPEN SPACE IN MORE THAN 2,300 ACRES OF PARK LAND THROUGHOUT THE CITY INCLUDING PARKS, PLAYGROUNDS, ATHLETIC FACILITIES, CITY SQUARES, URBAN WILDS, STREET TREES, THREE ACTIVE CEMETERIES, SIXTEEN HISTORIC BURYING GROUNDS, AND TWO GOLF COURSES. OUR DEPARTMENT IS RESPONSIBLE FOR 217 CITY PARKS, PLAYGROUNDS AND ATHLETIC FIELDS, TWO GOLF COURSES, 65 SQUARES, 17 FOUNTAINS, 75 GAME COURTS, 16 HISTORIC AND THREE ACTIVE CEMETERIES, URBAN WILDS, FOUR HIGH SCHOOL ATHLETIC FIELDS, AND APPROXIMATELY 125,000 TREES,ALL COVERING 2,346 ACRES, 1,000 OF WHICH COMPRISE THE HISTORIC EMERALD NECKLACE. WE ARE ALSO RESPONSIBLE FOR MORE THAN 35,000 STREET TREES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS, GRANTS OR CONTRIBUTIONS ARE USED TO PROVIDE BOSTON RESIDENTS WITH RECREATIONAL PROGRAMS AS DESCRIBED ABOVE.
FUNDS, GRANTS OR CONTRIBUTIONS ARE USED TO PROVIDE BOSTON RESIDENTS WITH RECREATIONAL PROGRAMS AT THE FRANKLIN PARK GOLF COURSE.
FUNDS, GRANTS OR CONTRIBUTIONS ARE USED TO PROVIDE BOSTON RESIDENTS WITH RECREATIONAL PROGRAMS AT THE GEORGE WRIGHT GOLF COURSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Woods Commissioner | Trustee | 1 | $0 |
Maureen Garceau First Asst. Collector/treasurer | Trustee | 1 | $0 |
Inez Foster Director Of Resource Development | OfficerTrustee | 1 | $0 |
John Romano Deputy Director | OfficerTrustee | 1 | $0 |
Kevin Tran Cultural Liason | Trustee | 1 | $0 |
Dion Irish Chief Of Operations | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fleming Bros Inc Construction | 6/29/22 | $2,277,150 |
Us Army Corps Of Engineers New England Phragmites Removal | 6/29/22 | $3,255,000 |
Rad Corporation Contruction | 6/29/22 | $508,849 |
David W White & Son Construction | 6/29/22 | $747,637 |
Stoss Arictecture And Design | 6/29/22 | $426,254 |
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 | $7,189,761 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,189,761 |
| Total Program Service Revenue | $3,554,325 |
| Investment income | $1,502,163 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $52,614 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,298,863 |
| 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 | $1,799,681 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $202,638 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,414 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $94,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $426,894 |
| 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 | $4,811,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,588,937 |
| Savings and temporary cash investments | $541,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $268,725 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,398,937 |
| Accounts payable and accrued expenses | $443,601 |
| 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 | $157,081 |
| Total liabilities | $600,682 |
| Net assets without donor restrictions | $78,672 |
| Net assets with donor restrictions | $22,719,583 |
| 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 | $23,398,937 |
Grants Awarded
Over the last fiscal year, The Fund For Parks And Recreation In Boston has awarded $3,434,400 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
BANK OF AMERICA CHARITABLE FOUNDATION PURPOSE: DOROTHY CURRAN WEDNESDAY NIGHT CONCERT SERIES | $30,000 |
BANK OF AMERICA CHARITABLE FOUNDATION PURPOSE: ROSE GARDEN PARTY SPONSORSHIP | $15,000 |
BARR FOUNDATION PURPOSE: MARTIN'S PARK | $1,000,000 |
EASTERN BANK PURPOSE: ROSE GARDEN PARTY SPONSORSHIP | $5,000 |
THE RANDS FOUNDATION PURPOSE: MARTIN'S PARK MAINTENANCE ENDOWMENT | $100,000 |
RICHARD & SUSAN SMITH FAMILY FOUNDATION PURPOSE: MARTIN'S PARK | $500,000 |