Park Place Foundation
- Assets
- $505.4k
- Revenue
- $301.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Irvine, CA
- Founding
- 08/2009
- Data as of
- 12/2023
- EIN
- 26-4694100
Organization Overview
Park Place Foundation is located in Irvine, CA. The organization was established in 2009. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Park Place Foundation 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 12/2023, Park Place Foundation generated $301.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $5.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE EQUESTRIAN FACILITIES AND PROGRAMS APPROPRIATE TO TEACH SKILLS TO YOUTH WHICH INCLUDES PLANNING AND OBTAINING APPROVAL FOR PROGRAMS TO BE IMPLEMENTED AS FACILITIES BECOME READY. THESE PROGRAMS WILL BE DESIGNED TO MAINTAIN AND IMPROVE CONNECTIONS BETWEEN THE COMMUNITY AND TARGETED YOUTH PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING CALENDAR YEAR 2023 PARK PLACE FOUNDATION'S PROGRAM SERVICES WERE FOCUSED ON A SINGLE PURPOSE: SECURING A LONG-TERM LOCATION THAT WOULD PROVIDE THE OPPORTUNITY TO OPERATE ITS PROGRAMS AND MAINTAIN POSITIVE CONNECTIONS WITH THE COMMUNITY LOCAL GOVERNMENT AND ITS CITIZENS. THIS FOCUS WAS ABSOLUTELY NECESSARY BECAUSE OVER THE PAST SEVERAL YEARS THE FOUNDATION'S PROGRAMS BECAME SEMI NOMADIC AND HAD BEEN CURTAILED AND MODIFIED TO MEET THE CHANGING SOCIAL CONDITIONS SURROUNDING THE PROTRACTED RESTRICTIONS DURING COVID. THE SITUATION WAS FURTHER EXACERBATED DUE TO THE UNAVAILABILITY OF ITS PREVIOUS LOCATION AT THE ORANGE COUNTY FAIRGROUNDS. IN JULY OF 2023 THE CITY OF SAN JUAN CAPISTRANO SIGNED 20-YEAR LEASE OF THE RANCHO MISSION VIEJO RIDING PARK THAT SPECIFICALLY PRIORITIZES COMMUNITY CHARITY AND EQUESTRIAN EVENTS AND IS AVAILABLE TO PRIVATE ENTITIES THAT STAGE NATIONAL AND INTERNATIONAL EQUESTRIAN COMPETITIONS. AGAINST THIS BACKGROUND THE FOUNDATION WAS ABLE TO PROVIDE EQUINE ASSISTANCE PROGRAMS THROUGH A PHALANX OF VOLUNTEERS TO APPROXIMATELY 100 TARGETED YOUTHS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hillary Ridland President Director | OfficerTrustee | 4 | $0 |
Donald J Regan Secretary | Officer | 2 | $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 | $301,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,307 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,307 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,650 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,415 |
| Savings and temporary cash investments | $0 |
| 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 | $300,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $505,415 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $505,415 |
| 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 | $505,415 |