Park Foundation Inc is located in Ithaca, NY. The organization was established in 1967. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2022, Park Foundation Inc generated $14.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.3%) each year. All expenses for the organization totaled $34.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Park Foundation Inc has awarded 1,568 individual grants totaling $119,165,280. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adelaide P Gomer President | 10.06 | $50,000 | |
Alicia P Wittink Vice President | 9.26 | $50,000 | |
Donna F Edwards Director | 4.17 | $50,000 | |
Jay R Halfon Secretary/treasurer | 4.26 | $50,000 | |
Jerome B Libin Director | 3.47 | $50,000 | |
Rachel Leon Executive Director | 35 | $250,835 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $100 |
Interest on Savings | $1,416,641 |
Dividends & Interest | $2,229,141 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | $9,049,990 |
Capital Gain Net Income | $9,762,641 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $1,504,494 |
Total Revenue | $14,200,366 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $250,000 |
Other employee salaries and wages | $1,012,069 |
Pension plans, employee benefits | $323,741 |
Interest | $0 |
Taxes | $163,591 |
Depreciation | $72,557 |
Occupancy | $182,532 |
Travel, conferences, and meetings | $273,006 |
Printing and publications | $0 |
Other expenses | $180,756 |
Total operating and administrative expenses | $5,397,817 |
Contributions, gifts, grants paid | $29,344,575 |
Total expenses and disbursements | $34,742,392 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $324,415 |
Savings and temporary cash investments | $11,155,792 |
Net Accounts receivable | $593,963 |
Net Pledges Receivable | $0 |
Grants receivable | $0 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $3,804,915 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $50,083 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $562,495 |
Other assets | $25,160,486 |
Total assets | $374,209,039 |
Accounts payable and accrued expenses | $379,918 |
Grants payable | $6,473,637 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $25,602,865 |
Total liabilities | $32,456,420 |
Over the last fiscal year, Park Foundation Inc has awarded $37,858,981 in support to 506 organizations.
Grant Recipient | Amount |
---|---|
100REPORTERS PURPOSE: DOUBLE EXPOSURE INVESTIGATIVE FILM FESTIVAL AND SYMPOSIUM | $10,000 |
ACCELERATE CHANGE PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ACTION CENTER ON RACE AND THE ECONOMY INSTITUTE PURPOSE: THE CLIMATE ORGANIZING HUB | $20,000 |
ACTION FOR THE CLIMATE EMERGENCY PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
ADVANCEMENT PROJECT PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
ADVOCACY CENTER PURPOSE: GENERAL OPERATING SUPPORT | $300 |