Bushnell Park Foundation Inc
- Assets
- $1.0m
- Revenue
- $420.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Hartford, CT
- Founding
- 04/1981
- Data as of
- 12/2021
- EIN
- 06-1039083
Organization Overview
Bushnell Park Foundation Inc is located in Hartford, CT. The organization was established in 1981. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bushnell Park Foundation 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 12/2021, Bushnell Park Foundation Inc generated $420.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $413.8k during the year ending 12/2021. While expenses have increased by 20.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE AND PRESERVATION OF BUSHNELL PARK IN HARTFORD, CT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BUSHNELL PARK FOUNDATION INC.'S MISSION IS TO SERVE AS AN ADVOCATE FOR THE CITY OF HARTFORD'S HISTORICAL PARK, TO HELP THE HARTFORD AREA CITIZEN'S PRESERVE, ENHANCE AND MAINTAIN THE PARKS LANDSCAPE DESIGN, HISTORICAL FEATURES AND LANDMARKS SO THAT CHILDREN AND FAMILIES, RESIDENTS AND VISITORS WILL CONTINUE TO ENJOY THE PARK AS A PLACE FOR A QUIET REFLECTION, A PLACE FOR NATURE AND BEAUTY, AND A PLACE IN WHICH THE CITY'S RICH AND DIVERSE HISTORY AND CULTURE ARE CELEBRATED AND REMEMBERED. THE PARK BOASTS OVER 1 MILLION VISITORS EACH YEAR. MORE THAN 20,000 CHILDREN AND FAMILIES CONTINUE TO VISIT THE CHILDREN'S PLAY AND LEARNING ENVIRONMENT AND WINTER SKATING RINK. IN ADDITION, IN ITS 20-YEAR HISTORY, THE FOUNDATION HAS RAISED AND EXPENDED MORE THAN $7 MILLION TO RESTORE AND PRESERVE THE PARK, ITS LANDSCAPE AND LANDMARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Karam President | OfficerTrustee | 2 | $0 |
Richard Lotstein Secretary | OfficerTrustee | 2 | $0 |
Angela Quick Treasurer | OfficerTrustee | 2 | $0 |
Tom Baptist Director | Trustee | 2 | $0 |
Sue Barrett Director | Trustee | 2 | $0 |
Liz Banco Director | Trustee | 2 | $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 | $350,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,793 |
| Total Program Service Revenue | $0 |
| Investment income | $54,120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,664 |
| 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 | $0 |
| Fees for services: Accounting | $6,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,458 |
| Advertising and promotion | $0 |
| Office expenses | $73,191 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,645 |
| All other expenses | $266,154 |
| Total functional expenses | $413,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,125 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $877,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,017,345 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $146,433 |
| Net assets with donor restrictions | $870,912 |
| 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 | $1,017,345 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bushnell Park Foundation Inc has recieved totaling $38,100.
| Awarding Organization | Amount |
|---|---|
J Walton Bissell Foundation Inc West Hartford, CT PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Katherine K Mclane And Henry K Mclane Charitable Tr Hartford, CT PURPOSE: UNRESTRICTED | $8,000 |
Vandeventer Foundation Vero Beach, FL PURPOSE: NON-RESTRICTED FUNDING FOR GENERAL OPERATIONS | $3,000 |
The Betty Knox Foundation Inc Hartford, CT PURPOSE: SUMMER PROGRAMMING | $1,500 |
Eversource Energy Foundation Inc Hartford, CT PURPOSE: BUSHNELL CAROUSEL RENTAL FOR 2 HOURS ON HARTFORD M | $600 |
Endowment Analysis
| Beg. Balance | $733,569 |
| Earnings | $123,305 |
| Ending Balance | $856,874 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
Riverfront Recapture Inc Hartford, CT | $5,471,440 | $4,320,239 |