Venues Parks & Arts Foundation Inc
- Assets
- $3.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- South Bend, IN
- Founding
- 08/2011
- Data as of
- 12/2022
- EIN
- 27-3843043
Organization Overview
Venues Parks & Arts Foundation Inc is located in South Bend, IN. The organization was established in 2011. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venues Parks & Arts 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, Venues Parks & Arts Foundation Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $523.5k during the year ending 12/2022. While expenses have increased by 22.8% per year over the past 5 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
VPA FOUNDATION PROVIDES RESOURCES TO BUILD COMMUNITY THROUGH PEOPLE, PARKS AND PROGRAMS. THE ORGANIZATION WAS ESTABLISHED TO SERVE AS A NOT-FOR-PROFIT ORGANIZATION WITH THE PURPOSE TO PROVIDE DISCRETIONARY FUNDING TO CULTIVATE INCREASED AWARENESS IN THE MISSION, VALUE AND SERVICES PROVIDED BY THE SOUTH BEND PARKS AND RECREATION DEPARTMENT, TO THE BENEFIT OF THE CITIZENS OF SOUTH BEND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDRAISING AND PLANNING SERVICES FOR THE RESTORATION OF THE STUDEBAKER ELECTRIC FOUNTAIN IN LEEPER PARK, LOCATED IN SOUTH BEND, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Camilleri Director | Trustee | 1 | $0 |
Dr Marvin Curtis Director | Trustee | 1 | $0 |
Dru Cash Director | Trustee | 1 | $0 |
Mike Chapple Director | Trustee | 1 | $0 |
Sam Centellas Director | Trustee | 1 | $0 |
Jill Dawson 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 | $2,681,293 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,681,293 |
| 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 | $2,681,293 |
| 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 | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $50,836 |
| Office expenses | $0 |
| 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 | $4,445 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $20,058 |
| Total functional expenses | $523,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,490,156 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $250 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,490,406 |
| 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 | $3,090,373 |
| Net assets with donor restrictions | $400,033 |
| 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 | $3,490,406 |
Grants Awarded
Over the last fiscal year, Venues Parks & Arts Foundation Inc has awarded $760,186 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF STUDEBAKER FOUNTAIN PURPOSE: OPERATING EXPENSES | $245,330 |
CITY OF SOUTH BEND PARKS FOUNDATION PURPOSE: TRANSFER BACK TO CITY OF SOUTH BEND | $514,856 |