Fairfield Parks And Recreation Foundation
- Assets
- $739.4k
- Revenue
- $353.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfield, IA
- Founding
- 04/2006
- Data as of
- 06/2023
- EIN
- 27-0109774
Organization Overview
Fairfield Parks And Recreation Foundation is located in Fairfield, IA. The organization was established in 2006. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Fairfield Parks And Recreation 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 06/2023, Fairfield Parks And Recreation Foundation generated $353.8k in total revenue. All expenses for the organization totaled $94.3k during the year ending 06/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AWARENESS, APPRECIATION, AND PROMOTION OF RECREATION AND RECREATIONAL OPPORTUNITIES AND ACTIVITIES IN AND AROUND JEFFERSON COUNTY, IOWA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAIRFIELD PARKS AND RECREATION FOUNDATION (FFPR) PROVIDES SUPPORT FOR LOCAL RECREATIONALLY FOCUSED NON-PROFIT ORGANIZATIONS WITHIN THE FAIRFIELD COMMUNITY. IN THE CURRENT YEAR, THE FFPR SUPPORTED PROJECTS WITHIN FAIRFIELD INCLUDING, BUT NOT LIMITED TO: THE ADDITION OF NEW ROCK TO THE FAIRFIELD LOOP TRAIL, AND THE MAINTENANCE AND UPKEEP OF COMMUNITY PARKS, INCLUDING THE ADDITION OF A DISC GOLF COURSE AND PLAYGROUND. THOUSANDS OF CITIZENS FROM FAIRFIELD AND SURROUNDING COMMUNITIES BENEFIT FROM THE PROJECTS INITIATED AND SUPPORTED BY THE FAIRFIELD PARKS AND RECREATION FOUNDATION.
THE FAIRFIELD PARKS AND RECREATION FOUNDATION (FFPR) COORDINATES A YOUTH BASKETBALL PROGRAM FOR STUDENTS IN FAIRFIELD AND SURROUNDING COMMUNITIES. THIS INCLUDES HOSTING A YOUTH BASKETBALL TOURNAMENT FOR 4TH-6TH GRADE BOYS AND GIRLS. 130 PLAYERS COMPETED IN THE DECEMBER 2022 TOURNAMENT, AND 60 VOLUNTEERS ASSISTED WITH THE EVENT. FUNDS RAISED FROM THE EVENT HELP SUPPORT FAIRFIELD HIGH SCHOOL BOYS AND GIRLS BASKETBALL TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Terry Cochran President | OfficerTrustee | 1 | $0 |
Ron Haines Treasurer | OfficerTrustee | 1 | $0 |
Tammy Dunbar Director | Trustee | 1 | $0 |
Tom Gamrath Director | Trustee | 1 | $0 |
Craig Foss Director | Trustee | 1 | $0 |
John Morrissey Director | Trustee | 1 | $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 | $344,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,866 |
| Total Program Service Revenue | $10,247 |
| Investment income | $3,106 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,608 |
| 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 | $2,206 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $353,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,356 |
| 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 | $0 |
| Fees for services: Accounting | $2,750 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $880 |
| 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 | $94,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $634,612 |
| Savings and temporary cash investments | $10,408 |
| 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 | $0 |
| Investments—publicly traded securities | $94,383 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $739,403 |
| 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 | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $739,403 |
| Total liabilities and net assets/fund balances | $739,403 |
Grants Awarded
Over the last fiscal year, Fairfield Parks And Recreation Foundation has awarded $83,453 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FAIRFIELD PURPOSE: DISC GOLF PROJECT | $10,092 |
THE CONSERVATION FOUNDATION OFJEFFERSON COUNTY IOWA PURPOSE: TRAIL AND PLAYGROUND | $65,716 |
CITY OF FAIRFIELD PURPOSE: CHATAQUA PARK PROJEC | $7,645 |