Fort Wayne Park Foundation Inc
- Assets
- $15.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Fort Wayne, IN
- Founding
- 09/1974
- Data as of
- 12/2021
- EIN
- 23-7358430
Organization Overview
Fort Wayne Park Foundation Inc is located in Fort Wayne, IN. The organization was established in 1974. 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. Fort Wayne 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, Fort Wayne Park Foundation Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $727.7k during the year ending 12/2021. While expenses have increased by 6.0% 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 2019, Fort Wayne Park Foundation Inc has awarded 13 individual grants totaling $4,207,733. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE CITY'S GREEN SPACES, CREATE A LASTING LEGACY FOR THE CITIZENS OF FORT WAYNE AND ALLEN COUNTY AND PROVIDE FREE AND AFFORDABLE LEISURE OPPORTUNITIES FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, OUR FOUNDATION HAD AN OPPORTUNITY TO ASSIST, IN A SIGNIFICANT WAY, THE FORT WAYNE PARKS DEPARTMENT'S PROPOSED RENOVATION AND REVITALIZATION OF FRANKE PARK. FEELING FAIRLY CONFIDENT THAT THE SHADOW OF COVID WAS PASSING AND THAT FUNDS COULD BE REASONABLY SOLICITED FOR CIVIC PROJECTS AGAIN, WE UNDERTOOK TO RAISED $3M FROM BOTH OUR OWN FOUNDATION AND FROM OTHER LIKE-MINDED FOUNDATIONS. BY YEAR END, WE HAD ACHIEVED OUR GOAL AND LOOK FORWARD TO ADDITIONAL PROJECTS WITHIN THE PARKS DEPARTMENTS PURVIEW IN THE NEAR FUTURE. WE CONTINUE TO HEAR PRAISE ABOUT THE PROMENADE PARK PAVILION AND ARE PLEASED WITH THE CONTINUED PUBLIC ATTENTION THIS PARK RECEIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard L Phillips Jr President | OfficerTrustee | 5 | $0 |
Doug Wood Vice President | OfficerTrustee | 0.5 | $0 |
John Mcmillen Secretary | OfficerTrustee | 0.5 | $0 |
Eleanor Marine Treasurer | OfficerTrustee | 0.5 | $0 |
Kendall Dudley Billows Director | Trustee | 0.25 | $0 |
Margaret Brooks Director | Trustee | 0.25 | $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 | $2,742,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,742,427 |
| Total Program Service Revenue | $0 |
| Investment income | $667,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $449,781 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,859,788 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $658,306 |
| 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 | $774 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,979 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,540 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $546 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,240 |
| Insurance | $2,820 |
| All other expenses | $0 |
| Total functional expenses | $727,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,704 |
| Savings and temporary cash investments | $306,466 |
| Pledges and grants receivable | $580,000 |
| 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 | $2,642 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $12,202,514 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,108 |
| Other assets | $2,718,678 |
| Total assets | $15,846,112 |
| Accounts payable and accrued expenses | $18 |
| Grants payable | $574,806 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,500 |
| 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 | $582,324 |
| Net assets without donor restrictions | $3,014,564 |
| Net assets with donor restrictions | $12,249,224 |
| 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 | $15,846,112 |
Grants Awarded
Over the last fiscal year, Fort Wayne Park Foundation Inc has awarded $658,306 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FT WAYNE PARKS PURPOSE: Riverfront & operations | $364,932 |
FOELLINGER-FRIEMANN BOTANICAL PURPOSE: Program support | $214,951 |
Fort Wayne, IN PURPOSE: Support Headwaters Park | $72,423 |
Fort Wayne, IN PURPOSE: Canopy Project | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Fort Wayne Park Foundation Inc has recieved totaling $134,511.
| Awarding Organization | Amount |
|---|---|
English-Bonter-Mitchell Foundation Pittsburgh, PA PURPOSE: VARIOUS PROGRAMS | $110,000 |
Dr Louis A And Anne B Schneider Foundation Pittsburgh, PA PURPOSE: 2022 SMALLIDAYS 2023 CA | $10,000 |
Chapman Charitable Tr Dtd 3-3-17 Fort Wayne, IN PURPOSE: GENERAL SUPPORT | $10,000 |
Edward M Wilson Family Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $4,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $12,028,226 |
| Earnings | $1,671,754 |
| Admin Expense | $55,540 |
| Net Contributions | $2,025 |
| Grants | $658,306 |
| Ending Balance | $12,988,159 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Of Greater Waukesha County Inc New Berlin, WI | $45,522,336 | $21,339,242 |
Edward Health And Fitness Center Naperville, IL | $10,693,945 | $6,619,207 |
National Institute For Fitness And Sport Inc Indianapolis, IN | $3,388,339 | $6,121,753 |
Washington Area Community Center Inc Washington, IL | $16,748,598 | $3,867,978 |
World Baseball Academy Inc Fort Wayne, IN | $7,537,804 | $1,941,151 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
South Suburban Special Recreation Association Tinley Park, IL | $2,126,834 | $1,231,235 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |