Palmerton Memorial Park Assn Inc
- Assets
- $951.3k
- Revenue
- $435.9k
- Investments
- $97.5k
- Employees
- 39
- Location
- Palmerton, PA
- Founding
- 12/1945
- Data as of
- 10/2022
- EIN
- 24-0801264
Organization Overview
Palmerton Memorial Park Assn Inc is located in Palmerton, PA. The organization was established in 1945. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Palmerton Memorial Park Assn Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmerton Memorial Park Assn 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 10/2022, Palmerton Memorial Park Assn Inc generated $435.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $337.2k during the year ending 10/2022. While expenses have increased by 3.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PARK AND POOL FACILITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Lach Secretary | Officer | 2 | $0 |
Don Herrmann President Elect | Officer | 1 | $0 |
George Elliston Vice President | Officer | 1 | $0 |
Victor Jahelka III President | Officer | 2 | $0 |
Bernard Shea Treasurer | Officer | 2 | $0 |
Frank Carazo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $231,458 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,842 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $381,300 |
| Total Program Service Revenue | $0 |
| Investment income | $676 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,949 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $435,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| 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. | $798 |
| Compensation of current officers, directors, key employees. | $160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,382 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,240 |
| Office expenses | $9,312 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,757 |
| Travel | $135 |
| 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 | $42,915 |
| Insurance | $37,340 |
| All other expenses | $0 |
| Total functional expenses | $337,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,182 |
| Savings and temporary cash investments | $242,079 |
| 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 | $362,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $97,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $951,273 |
| 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 | $121 |
| Total liabilities | $121 |
| 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 | $951,152 |
| Total liabilities and net assets/fund balances | $951,273 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palmerton Memorial Park Assn Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
A Donald & Mary G Behler Foundation Lehighton, PA PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
Goodwill Industries International Inc Rockville, MD | $67,550,943 | $66,436,715 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |