Park Foundation Inc
- Assets
- $505.5m
- Revenue
- $75.1m
- Investments
- $455.7m
- Employees
- 0
- Location
- Ithaca, NY
- Founding
- 01/1967
- Data as of
- 12/2021
- EIN
- 16-6071043
Organization Overview
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 12/2021, Park Foundation Inc generated $75.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $37.6m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 4 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.
Since 2020, Park Foundation Inc has awarded 1,062 individual grants totaling $81,306,299. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Leon Executive Director | 35 | $243,800 | |
Amy B Panek Sr. Program Officer | 35 | $104,013 | |
Roberta M Norman CFO | 35 | $92,129 | |
Sue D Kittel Sr. Program Officer | 35 | $89,198 | |
Michael J Connor Sr. Program Officer | 35 | $83,154 | |
Tania Y Cornish Grants Manager | 35 | $81,449 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,381,499 |
| Interest on Savings | $1,383,320 |
| Dividends & Interest | $2,623,797 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,654,184 |
| Capital Gain Net Income | $56,120,038 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,284 |
| Total Revenue | $75,092,084 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $250,000 |
| Other employee salaries and wages | $935,196 |
| Pension plans, employee benefits | $313,592 |
| Interest | $0 |
| Taxes | $1,284,248 |
| Depreciation | $65,521 |
| Occupancy | $165,558 |
| Travel, conferences, and meetings | $57,921 |
| Printing and publications | $0 |
| Other expenses | $126,200 |
| Total operating and administrative expenses | $7,796,897 |
| Contributions, gifts, grants paid | $29,777,733 |
| Total expenses and disbursements | $37,574,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,396 |
| Savings and temporary cash investments | $17,933,038 |
| Net Accounts receivable | $695,762 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,934,718 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,350 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $602,850 |
| Other assets | $27,435,203 |
| Total assets | $505,545,130 |
| Accounts payable and accrued expenses | $414,269 |
| Grants payable | $8,505,187 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $29,923,087 |
| Total liabilities | $38,842,543 |
Grants Awarded
Over the last fiscal year, Park Foundation Inc has awarded $40,264,748 in support to 562 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH CAROLINA STATE UNIVERSITY-PARK SCHOLARSHIPS PROGRAM PURPOSE: GENERAL OPERATING SUPPORT | $4,300,000 |
NORTH CAROLINA STATE UNIVERSITY-PARK SCHOLARSHIPS PROGRAM PURPOSE: PARK SCHOLARS 2019 - 2023 | $2,150,000 |
Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $2,000,000 |
Arlington, VA PURPOSE: KEN BURNS - THE HOLOCAUST AND THE UNITED STATES, THE AMERICAN REVOLUTION, EMANCIPATION TO EXODUS | $1,000,000 |
Boston, MA PURPOSE: FRONTLINE 2022 SERIES SUPPORT | $600,000 |
TIDES FOUNDATION PURPOSE: VOTER ACTION FUND | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Park Foundation Inc has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Appalachian Regional Healthcare Foundation Boone, NC PURPOSE: OPERATIONAL SUPPORT | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
J E Barbey 8 Tenacre Foundation Pittsburgh, PA | $817,905 | $68,136,758 |
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Steven & Alexandra Cohen Foundation Inc Stamford, CT | $524,605,658 | $98,007,018 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |