Freeport Community Park Corporation
- Assets
- $1.4m
- Revenue
- $44.3k
- Investments
- $826.2k
- Employees
- 0
- Location
- Freeport, PA
- Founding
- 08/1966
- Data as of
- 12/2021
- EIN
- 25-1158799
Organization Overview
Freeport Community Park Corporation is located in Freeport, PA. The organization was established in 1966. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Freeport Community Park Corporation 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, Freeport Community Park Corporation generated $44.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $41.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (24.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Montgomery 3 Officer President | 10 | $0 | |
Dennis Montgomery 3 Officer Vice President | 15 | $0 | |
John Bird 3 Officer Secretary | 5 | $0 | |
Chris Lentz 3 Officer Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,623 |
| Total Revenue | $44,323 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $13,501 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,033 |
| Depreciation | $8,463 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,176 |
| Total operating and administrative expenses | $41,173 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $41,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,407 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $826,222 |
| Net Land, buildings, and equipment | $611,539 |
| Other assets | $0 |
| Total assets | $1,436,554 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
New York-New Jersey Trail Conference Inc Mahwah, NJ | $13,527,646 | $5,458,789 |
Parks & People Foundation Inc Baltimore, MD | $15,484,458 | $3,287,882 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
The Brandywine Creek State Park Trust Delaware Community Foundation Inc Ttee Wilmington, DE | $0 | $168 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |