Frank Newhall Look Memorial Park Inc is located in Florence, MA. The organization was established in 2002. 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 12/2022, Frank Newhall Look Memorial Park Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank Newhall Look Memorial Park Inc 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 12/2022, Frank Newhall Look Memorial Park Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 0.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A PUBLIC PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC PARK WITH RELATED ATTRACTIONS, E.G. A ZOO, MINIATURE TRAIN, PEDAL BOATS, BUMPER BOATS, TENNIS COURTS, AND PICNIC AREAS.
OPERATION OF A BANQUET FACILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Justin Pelis Executive Dir. | Officer | 40 | $89,650 |
Jilian Larkin Former Ed | 40 | $62,329 | |
Sharianne Walker Chair | OfficerTrustee | 3 | $0 |
Scott Keiter Trustee | Trustee | 3 | $0 |
Michael Wall Treasurer | OfficerTrustee | 5 | $0 |
William Hogan III Trustee | Trustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Keiter Builders Construction | 12/30/19 | $108,271 |
Playground Equipment | 12/30/19 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $101,156 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $198,456 |
Noncash contributions included in lines 1a–1f | $25,035 |
Total Revenue from Contributions, Gifts, Grants & Similar | $299,612 |
Total Program Service Revenue | $883,363 |
Investment income | $104,006 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $50,114 |
Net Income from Fundraising Events | -$5,809 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $190,271 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,804,416 |
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. | $75,523 |
Compensation of current officers, directors, key employees. | $75,523 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $755,281 |
Pension plan accruals and contributions | $71,896 |
Other employee benefits | $45,995 |
Payroll taxes | $85,977 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,787 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $31,164 |
Fees for services: Other | $27,312 |
Advertising and promotion | $6,981 |
Office expenses | $73,139 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $112,180 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $80,052 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $190,598 |
Insurance | $51,361 |
All other expenses | $2,637 |
Total functional expenses | $1,784,336 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $256,598 |
Savings and temporary cash investments | $25,404 |
Pledges and grants receivable | $0 |
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 | $28,598 |
Net Land, buildings, and equipment | $3,600,298 |
Investments—publicly traded securities | $4,926,936 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $770,248 |
Total assets | $9,608,082 |
Accounts payable and accrued expenses | $70,354 |
Grants payable | $0 |
Deferred revenue | $194,937 |
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 | $2,333,046 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $303,175 |
Total liabilities | $2,901,512 |
Net assets without donor restrictions | $6,652,766 |
Net assets with donor restrictions | $53,804 |
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 | $9,608,082 |