Spring Creek Recreational Fund
- Assets
- $54.1m
- Revenue
- $650.0k
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-1770637
Organization Overview
Spring Creek Recreational Fund, operating under the name The Opportunity Hub, is located in New York, NY. The organization was established in 2010. 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 12/2022, Opportunity Hub employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Opportunity Hub 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, Opportunity Hub generated $650.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $522.2k during the year ending 12/2022. While expenses have increased by 30.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A REFLECTION OF OUR COMMUNITY AND TO LEARN AND GROW ALONGSIDE IT. TO EMPOWER INDIVIDUALS TO TAP INTO THEIR HIGHEST POTENTIAL THROUGH COLLABORATION, SUPPORTIVE SERVICES AND AN UNWAVERING COMMITMENT TO GROWTH. TO DEDICATED TO A LONG-TERM INVESTMENT IN THE NEEDS AND FUTURE ASPIRATIONS OF THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUTURE-FOCUSED GROWTH PROGRAMS ARE THOSE THAT ARE FOCUSED ON PROFESSIONAL GROWTH ANDDEVELOPMENT. THIS INCLUDES COLLEGE PREPARATION, SUPPORT FOR CURRENT COLLEGE STUDENTS TRANSITIONING TO COLLEGE, JOB READINESS, CAREER DEVELOPMENT, INTERNSHIPS, AND CONNECTIONS TO TRAINING AND CERTIFICATION PROGRAMS.
FUTURE-FOCUSED GROWTH PROGRAMS ARE THOSE THAT ARE FOCUSED ON PROFESSIONAL GROWTH AND DEVELOPMENT. THIS INCLUDES COLLEGE PREPARATION, SUPPORT FOR CURRENT COLLEGE STUDENTS TRANSITIONING TO COLLEGE, JOB READINESS, CAREER DEVELOPMENT, INTERNSHIPS, AND CONNECTIONS TO TRAINING AND CERTIFICATION PROGRAMS.
YOUTH DEVELOPMENT & EDUCATION ARE RECREATIONAL AND ENRICHMENT PROGRAMS THAT PROVIDEOPPORTUNITIES FOR YOUNG PEOPLE TO RECEIVE ACADEMIC SUPPORT, BUILD COMMUNITY WITH PEERS, AND LEARN NEW SKILLS. THESE INCLUDE AFTER-SCHOOL PROGRAMS FOR CHILDREN, ADOLESCENTS AND YOUNG ADULTS, AS WELL AS SUMMER PROGRAMS FOR ADOLESCENTS AND YOUNG ADULTS
YOUTH DEVELOPMENT & EDUCATION ARE RECREATIONAL AND ENRICHMENT PROGRAMS THAT PROVIDE OPPORTUNITIES FOR YOUNG PEOPLE TO RECEIVE ACADEMIC SUPPORT, BUILD COMMUNITY WITH PEERS, AND LEARN NEW SKILLS. THESE INCLUDE AFTER-SCHOOL PROGRAMS FOR CHILDREN, ADOLESCENTS AND YOUNG ADULTS, AS WELL AS SUMMER PROGRAMS FOR ADOLESCENTS AND YOUNG ADULTS.
WELLBEING - TO PROVIDE SUPPORT AND RESOURCES FOR HEALTH, MENTAL HEALTH AND WELLNESS. THESE SERVICES INCLUDE CASE MANAGEMENT, COUNSELING, REFERRALS TO SOCIAL SERVICES, HEALTH SCREENINGS, AS WELL AS WORKSHOPS AND EVENTS THAT PROMOTE HEALTHY LIFESTYLES, SELF-CARE AND ACCESS TO HEALTHCARE.
WELLBEING - TO PROVIDE SUPPORT AND RESOURCES FOR HEALTH, MENTAL HEALTH AND WELLNESS. THESE SERVICES INCLUDE CASE MANAGEMENT, COUNSELING, REFERRALS TO SOCIAL SERVICES, HEALTH SCREENINGS, AS WELL AS WORKSHOPS AND EVENTS THAT PROMOTE HEALTHY LIFESTYLES, SELF-CARE AND ACCESS TO HEALTHCARE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nanda Prabhakar Executive Dir. | Officer | 35 | $178,316 |
Andrew Macarthur Board Chair | OfficerTrustee | 1 | $0 |
Andrew Kane Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Caraballo Board Member | Trustee | 1 | $0 |
Andrew Macarthur Director/board Chair | OfficerTrustee | 1 | $0 |
Andrew Kane Director/treasurer | OfficerTrustee | 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 | $650,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $650,000 |
| 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 | $650,000 |
| 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. | $188,788 |
| Compensation of current officers, directors, key employees. | $92,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,250 |
| Pension plan accruals and contributions | $7,510 |
| Other employee benefits | $14,754 |
| Payroll taxes | $26,765 |
| Fees for services: Management | $30,000 |
| Fees for services: Legal | $11,205 |
| Fees for services: Accounting | $32,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,971 |
| Advertising and promotion | $0 |
| Office expenses | $3,869 |
| 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 | $5,110 |
| Insurance | $4,475 |
| All other expenses | $5,239 |
| Total functional expenses | $522,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,469 |
| 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 | $2,170 |
| Net Land, buildings, and equipment | $54,037,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,127,200 |
| Accounts payable and accrued expenses | $34,357 |
| 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 | $34,357 |
| Net assets without donor restrictions | $54,092,843 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $54,127,200 |