Armco Park Foundation
- Assets
- $268.4k
- Revenue
- $22.5k
- Investments
- $257.1k
- Employees
- 0
- Location
- Franklin, OH
- Founding
- 05/2010
- Data as of
- 12/2023
- EIN
- 26-4718493
Organization Overview
Armco Park Foundation is located in Franklin, OH. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Armco Park 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, Armco Park Foundation generated $22.5k 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 (6.0%) each year. All expenses for the organization totaled $89.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 THE FOUNDATION GAVE $22,309 TO 28 DIFFERENT CHARITIES. THESE GIFTS WERE GIVEN SO THAT THE RECEIVING CHARITIES COULD BETTER SERVE INDIVIDUALS IN THEIR SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manford Smith Director | 12 | $24,000 | |
Theodore Wood Director | 8 | $18,000 | |
James Unglesby Director | 8 | $19,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $21,638 |
| 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 | $894 |
| Total Revenue | $22,533 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $61,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,218 |
| Printing and publications | $0 |
| Other expenses | $2,899 |
| Total operating and administrative expenses | $68,583 |
| Contributions, gifts, grants paid | $20,820 |
| Total expenses and disbursements | $89,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,297 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $268,382 |
| 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 |