Pine Banks Park Foundation
- Assets
- $3.2m
- Revenue
- $822.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 07/2001
- Data as of
- 06/2022
- EIN
- 04-3507028
Organization Overview
Pine Banks Park Foundation is located in Malden, MA. The organization was established in 2001. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Banks 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 06/2022, Pine Banks Park Foundation generated $822.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $551.8k during the year ending 06/2022. While expenses have increased by 9.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE OPERATION OF THE PINE BANKS PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A PLACE FOR PEOPLE OF ALL AGES TO ENJOY OUTDOOR ACTIVITIES AND COMMUNITY INVOLVEMENT. TO IMPROVE AND MAINTAIN PINE BANKS PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard R Burns Jr Treasurer/director | OfficerTrustee | 0 | $0 |
C Henry Kezer ESQ President/director/clerk | OfficerTrustee | 0 | $0 |
Gary Christenson Director | Trustee | 0 | $0 |
Peter Carroll Director | Trustee | 0 | $0 |
John W Lynch Director | Trustee | 0 | $0 |
Richard C Rudolph Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $314,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $578,284 |
| Total Program Service Revenue | $53,593 |
| Investment income | $210 |
| 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 | $822,137 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $35,643 |
| Fees for services: Accounting | $60,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $143,375 |
| Advertising and promotion | $2,938 |
| Office expenses | $10,442 |
| Information technology | $3,771 |
| Royalties | $0 |
| Occupancy | $8,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $139,345 |
| Insurance | $19,503 |
| All other expenses | $21,303 |
| Total functional expenses | $551,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $353,911 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $0 |
| 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 | $2,705,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,209,592 |
| Accounts payable and accrued expenses | $19,000 |
| 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 | $1,625,531 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,644,531 |
| Net assets without donor restrictions | $1,415,061 |
| Net assets with donor restrictions | $150,000 |
| 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 | $3,209,592 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pine Banks Park Foundation has recieved totaling $33,018.
| Awarding Organization | Amount |
|---|---|
Piccolo Family Charitable Foundation Inc Malden, MA PURPOSE: PROVIDE FUNDS TO SUPPORT THE ENTITY'S CHARITABLE WORK | $32,500 |
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic Concourse Village Corporation New York, NY | $28,206,759 | $2,332,033 |
Boston Impact Initiative Fund Jamaica Plain, MA | $9,324,957 | $1,483,915 |
Circulo Real Property Holding Corporation Garden City, NY | $14,540,047 | $1,206,514 |
Bartlett Place Land Inc Roxbury, MA | $22,793,078 | $357,748 |
Downtown Committee Of Syracuse Inc Syracuse, NY | $1,105,419 | $1,527,939 |
Helen Schuyler Tr Uw Bo Community Foundation Elmira, NY | $20,149,017 | $3,771,137 |
H-C Management Services Inc Holyoke, MA | $16,982,979 | $190,019 |
Pine Banks Park Foundation Malden, MA | $3,209,592 | $822,137 |
Park Side 104 Housing Development Fund Company Inc New York, NY | $2,165,362 | $410,244 |
Schuyler County Human Servicesdevelopment Corporation Watkins Glen, NY | $3,537,005 | $364,575 |
King Street Center Foundation Burlington, VT | $0 | $1,865,379 |
South Burlington Library Foundation Inc South Burlington, VT | $221,192 | $309,750 |