Park Central Inc
- Assets
- $2.6m
- Revenue
- $267.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Waterbury, CT
- Founding
- 08/1939
- Data as of
- 06/2023
- EIN
- 06-0646950
Organization Overview
Park Central Inc is located in Waterbury, CT. The organization was established in 1939. According to its NTEE Classification (O22) the organization is classified as: Girls Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Park Central Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Central 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 06/2023, Park Central Inc generated $267.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $493.6k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 8 years. 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 INSPIRE ALL GIRLS TO BE STRONG, SMART AND BOLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE NATIONALLY RESEARCHED AND LOCALLY DEVELOPED PROGRAMS, INCLUDING OUT OF SCHOOL, SUMMER AND VACATION DAY CAMPS, DANCE, GYMNASTICS, KARATE, SEWING/FASHION DESIGN, COOKING, ROBOTICS AND MORE. PROGRAMS ARE FOR ALL GIRLS AGE 5-18. APPROXIMATELY 300 GIRLS PARTICIPATED IN THE ORGANIZATION'S PROGRAMS DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Kiely Board Chair | OfficerTrustee | 2 | $0 |
Karen Diebolt Vice Chair | OfficerTrustee | 2 | $0 |
Valita Luckett Treasurer | OfficerTrustee | 2 | $0 |
Charles E Green Jr ESQ Trustee | Trustee | 1 | $0 |
Diane Garafola Trustee | Trustee | 1 | $0 |
Jennifer Putetti Trustee | Trustee | 1 | $0 |
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 | $99,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,483 |
| Total Program Service Revenue | $59,469 |
| Investment income | $55,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,264 |
| Net Income from Fundraising Events | $2,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $267,489 |
| 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. | $65,520 |
| Compensation of current officers, directors, key employees. | $10,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,525 |
| Payroll taxes | $17,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,504 |
| Fees for services: Accounting | $11,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,661 |
| Fees for services: Other | $11,311 |
| Advertising and promotion | $24,874 |
| Office expenses | $13,299 |
| Information technology | $6,825 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,531 |
| Interest | $51,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,346 |
| Insurance | $26,373 |
| All other expenses | $1,611 |
| Total functional expenses | $493,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $91,488 |
| 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 | $24,950 |
| Net Land, buildings, and equipment | $680,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,098,894 |
| Intangible assets | $0 |
| Other assets | $683,446 |
| Total assets | $2,621,792 |
| Accounts payable and accrued expenses | $43,920 |
| Grants payable | $0 |
| Deferred revenue | $17,696 |
| 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 | $731,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $792,674 |
| Net assets without donor restrictions | $74,503 |
| Net assets with donor restrictions | $1,754,615 |
| 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 | $2,621,792 |