Park Family Foundation
- Assets
- $5.0m
- Revenue
- $913.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Myers, FL
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-2210340
Organization Overview
Park Family Foundation is located in Fort Myers, FL. The organization was established in 2007. 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 Family Foundation 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 Family Foundation generated $913.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $661.1k during the year ending 12/2021. While expenses have increased by 0.5% 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.
Since 2015, Park Family Foundation has awarded 12 individual grants totaling $422,725. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING THE ALPENA APLEX, FORMERLY KNOWN AS THE THUNDER BAY RECREATION CENTER(PROVIDING ECONOMICAL RECREATION TO THE COMMUNITY). THIS INCLUDES A VENUE FOR THE ALPENA TENNIS ASSOCIATION TEAMS, GYMNASTICS PROGRAM, WORKOUT FACILITIES AND GROUP EXERCISE FOR THE COMMUNITY AT LARGE, A VENUE FOR LOCAL ROTARY CLUB MEETINGS,AND BALLROOM AVAILABILITY FOR LARGE COMMUNITY EVENTS AND WEDDINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James C Park Pres / Secre | 2 | $0 | |
Philip Scott Park Vp/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,903 |
| Interest on Savings | $186 |
| Dividends & Interest | $28,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,490 |
| Capital Gain Net Income | $82,490 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $450,689 |
| Total Revenue | $913,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,993 |
| Depreciation | $124,517 |
| Occupancy | $153,085 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $375,159 |
| Total operating and administrative expenses | $657,569 |
| Contributions, gifts, grants paid | $3,500 |
| Total expenses and disbursements | $661,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,913 |
| Savings and temporary cash investments | $1,294,770 |
| Net Accounts receivable | $650 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $37,033 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,201,970 |
| Other assets | $11,344 |
| Total assets | $5,003,680 |
| Accounts payable and accrued expenses | $31,643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $433 |
| Total liabilities | $32,076 |
Grants Awarded
Over the last fiscal year, Park Family Foundation has awarded $68,848 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALPENA PUBLIC SCHOOLS PURPOSE: HIGH SCHOOL FOOTBALL FIELD TURF | $43,848 |
Alpena, MI PURPOSE: ATHLETIC ARENA SCOREBOARD | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
The Frederick A Deluca Foundation Inc Pompano Beach, FL | $724,648,898 | $109,039,821 |
Ted Arison Family Found Aventura, FL | $489,424,665 | $63,628,275 |
Arison Arts Foundation Coral Gables, FL | $423,071,215 | $88,937,143 |
Poses Family Foundation Miami Beach, FL | $501,022,398 | $55,408,716 |
Jim Moran Foundation Inc Deerfield Beach, FL | $191,270,194 | $47,763,594 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Kovner Foundation Jupiter, FL | $0 | $19,441,586 |
Naples Children And Education Naples, FL | $64,560,487 | $12,642,425 |
Pentecost Foundation Bradenton, FL | $91,770,712 | $23,508,587 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Micky And Madeleine Arison Family Foundation Coral Gables, FL | $232,510,515 | $23,555,348 |