Pine Banks Park Foundation
- Assets
- $3.0m
- Revenue
- $687.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 07/2001
- Data as of
- 06/2023
- 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 06/2023, Pine Banks Park Foundation generated $687.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $676.6k during the year ending 06/2023. While expenses have increased by 11.0% 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
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 | 0.5 | $0 |
C Henry Kezer ESQ President/director/clerk | OfficerTrustee | 0.5 | $0 |
Peter Carroll Director | Trustee | 0.5 | $0 |
John W Lynch Director | Trustee | 0.5 | $0 |
Gary Christenson Director | Trustee | 0.5 | $0 |
Richard C Rudolph Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $367,804 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,303 |
| Total Program Service Revenue | $43,302 |
| Investment income | $0 |
| 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 | $687,105 |
| 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 | $28,738 |
| Fees for services: Accounting | $63,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $206,201 |
| Advertising and promotion | $3,795 |
| Office expenses | $17,061 |
| Information technology | $3,642 |
| Royalties | $0 |
| Occupancy | $9,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,576 |
| Insurance | $25,427 |
| All other expenses | $19,296 |
| Total functional expenses | $676,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| 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 | $2,742,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,984,834 |
| Accounts payable and accrued expenses | $21,000 |
| 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 | $1,388,270 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,409,270 |
| Net assets without donor restrictions | $1,475,564 |
| Net assets with donor restrictions | $100,000 |
| 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 | $2,984,834 |