Presque Isle Partnership Inc
- Assets
- $304.8k
- Revenue
- $311.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Erie, PA
- Founding
- 08/1994
- Data as of
- 12/2021
- EIN
- 25-1737521
Organization Overview
Presque Isle Partnership Inc is located in Erie, PA. The organization was established in 1994. 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 12/2021, Presque Isle Partnership Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presque Isle Partnership 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, Presque Isle Partnership Inc generated $311.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $247.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE AND PROMOTE PRESQUE ISLE STATE PARK AND TO PROVIDE ENVIRONMENTAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK PROJECTS - IMPROVEMENTS AND RENOVATIONS TO ENHANCE THE QUALITY OF PRESQUE ISLE STATE PARK FOR ALL USERS.
PARK AND SPECIAL EVENTS. - TO PROMOTE THE ENJOYMENT OF PRESQUE ISLE STATE PARK THROUGH EDUCATIONAL AND RECREATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Demarco Executive Director | Officer | 40 | $63,202 |
Pat Davis Secretary | OfficerTrustee | 1 | $0 |
Jack Watts Vice-President | OfficerTrustee | 1 | $0 |
John Kuhn Treasurer | OfficerTrustee | 1 | $0 |
Gordie Herbst President | OfficerTrustee | 1 | $0 |
June Tullio Pintea Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,385 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,897 |
| All other contributions, gifts, grants, and similar amounts not included above | $95,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,732 |
| Total Program Service Revenue | $131,460 |
| Investment income | $1,926 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $63,202 |
| Compensation of current officers, directors, key employees. | $62,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,369 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,694 |
| Payroll taxes | $6,900 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,271 |
| Fees for services: Other | $10,348 |
| Advertising and promotion | $10,624 |
| Office expenses | $0 |
| Information technology | $22,188 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,628 |
| 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 | $3,157 |
| Insurance | $2,545 |
| All other expenses | $23,490 |
| Total functional expenses | $247,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,326 |
| Savings and temporary cash investments | $42,889 |
| 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 | $2,153 |
| Investments—publicly traded securities | $99,443 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $304,811 |
| Accounts payable and accrued expenses | $4,328 |
| 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 | $12,686 |
| Total liabilities | $17,014 |
| Net assets without donor restrictions | $198,470 |
| Net assets with donor restrictions | $89,327 |
| 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 | $304,811 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Presque Isle Partnership Inc has recieved totaling $46,807.
| Awarding Organization | Amount |
|---|---|
Erie Community Foundation Erie, PA PURPOSE: VARIOUS PROJECTS | $40,143 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,664 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Ending Balance | $50,000 |
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 |