Melwood Parke Foundation Inc
- Assets
- $5.0m
- Revenue
- $135.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Upper Marlboro, MD
- Founding
- 09/2009
- Data as of
- 12/2022
- EIN
- 26-3687982
Organization Overview
Melwood Parke Foundation Inc is located in Upper Marlboro, MD. The organization was established in 2009. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Melwood Parke 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 12/2022, Melwood Parke Foundation Inc generated $135.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $260.8k during the year ending 12/2022. 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 |
|---|---|---|---|
Shao Ying N Hendricks Manager | 10 | $0 | |
William Hendricks Executive Di | 10 | $0 | |
Gant Redmon Secretary | 1 | $0 | |
Koh Chee Hwang Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $115,888 |
| 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 | $19,600 |
| Total Revenue | $135,488 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,602 |
| Pension plans, employee benefits | $2,970 |
| Interest | $0 |
| Taxes | $13,076 |
| Depreciation | $107,316 |
| Occupancy | $4,452 |
| Travel, conferences, and meetings | $512 |
| Printing and publications | $0 |
| Other expenses | $60,317 |
| Total operating and administrative expenses | $260,758 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $260,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,203 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,967,026 |
| Other assets | $0 |
| Total assets | $4,968,229 |
| Accounts payable and accrued expenses | $37,145 |
| 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 | $37,145 |