Arlington Recreational & Park Committee Inc
- Assets
- $541.9k
- Revenue
- $25.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VT
- Founding
- 12/1973
- Data as of
- 03/2023
- EIN
- 23-7183942
Organization Overview
Arlington Recreational & Park Committee Inc is located in Arlington, VT. The organization was established in 1973. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Arlington Recreational & Park Committee 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 03/2023, Arlington Recreational & Park Committee Inc generated $25.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (37.9%) each year. All expenses for the organization totaled $84.8k during the year ending 03/2023. 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
PROVIDE FINANCIAL AND VOLUNTEER SUPPORT FOR ITS OWN AND/OR TO COLLABORATE WITH LOCAL GOVERNING BODIES AND NON-PROFIT ORGANIZATIONS FOR RECREATIONAL PROGRAMS AND ACTIVITIES AS WELL AS OVERSIGHT AND MANAGEMENT TO PROTECT THE ENDOWMENT FUND TO ENSURE FUTURE AVAILABILITY OF FUNDS FOR IDENTIED RECREATIONAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL AND VOLUNTEER SUPPORT FOR ITS OWN PROJECTS AND/OR TO COLLABORATE WITH LOCAL GOVERNING BODIES AND NON- ORGANIZATIONS FOR RECREATIONAL PROGRAMS AND ACTIVITIES AS WELL AS THE OVERSIGHT AND MANAGEMENT TO PROTECT AND GROW ITS ENDOWMENT FUND TO ENSURE FUTURE AVAILABILITY FOR FUNDS FOR IDENTIFIED RECREATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Bailey Executive Director | Trustee | 1 | $0 |
Dave Naaktgeboren Executive Director | Trustee | 1 | $0 |
Laraine Naaktgeboren Director | Trustee | 1 | $0 |
June Onorato Director | Trustee | 1 | $0 |
Ron Weber President | Officer | 2 | $0 |
Chris Barlow Vice President | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $23,728 |
| Investment income | $10,467 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,708 |
| 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 | $2,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,518 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,495 |
| 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 | $752 |
| All other expenses | $0 |
| Total functional expenses | $84,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,655 |
| 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 | $458,226 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $541,881 |
| 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 | $436,738 |
| Total liabilities | $436,738 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $105,143 |
| Total liabilities and net assets/fund balances | $541,881 |
Grants Awarded
Over the last fiscal year, Arlington Recreational & Park Committee Inc has awarded $70,308 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARLINGTON LIONS CLUB PURPOSE: Arlington Recreational and Park Committee agreed to match current donations to the Arlington Lions Club Pool dollar for dollar until the goals of the Arlington Lions Club Pool Fund has met their goal. | $26,495 |
TOWN OF ARLINGTON PURPOSE: The Town of Arlington is building a new playground in Town for the community and Arlington Recreation and Park Committee, Inc paid expenses for this project directly to vendors for engineering, concrete, and a recreation company for this project. | $43,813 |