Friends Of The Rail Park
- Assets
- $522.5k
- Revenue
- $210.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Philadelphia, PA
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 27-4200974
Organization Overview
Friends Of The Rail Park is located in Philadelphia, PA. 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. As of 12/2021, Friends Of The Rail Park employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Rail Park 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 12/2021, Friends Of The Rail Park generated $210.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $400.4k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF THE RAIL PARK WAS FOUNDED TO CULTIVATE VISIONS, ADVOCATE FOR, AND ULTIMATELY MANAGE A CONTINOUS THREE-MILE LINEAR PARK AND RECREATION PATH IN PHILADELPHIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRIENDS OF THE RAIL PARK (FRP) IS A NON PROFT ORGANIZATION WITH A MISSION TO BE THE CITY'S PARTNER TO CREATE, ACTIVATE AND ENHANCE THE QUALITY OF THE RAIL PARK. FRP DRIVES THE VISION BEHIND THE TRANSFORMATION OF HISTORIC RAIL LINES THAT TRAVERSE PHILADELPHIA INTO THE RAIL PARK - A CONTINUOUS THREE- MILE LINEAR PARK AND GREENSPACE THAT CONNECTS AND ENLIVENS THE SOCIAL, ECONOMIC, HISTORICAL AND ENVIRONMENTAL FABRIC OF PHILADELPHIA'S COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Chan Executive Di | Officer | 40 | $107,083 |
Nyla Koncurat Board Chair | OfficerTrustee | 2 | $0 |
H Allen Hall Treasurer | OfficerTrustee | 2 | $0 |
Melissa Kim Secretary | OfficerTrustee | 2 | $0 |
Sarah Maceneaney Vice Chair | OfficerTrustee | 2 | $0 |
Camille Focarino Board Member | 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 | $168,046 |
| Noncash contributions included in lines 1a–1f | $259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,046 |
| Total Program Service Revenue | $9,268 |
| Investment income | $621 |
| 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 | $210,715 |
| 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. | $108,083 |
| Compensation of current officers, directors, key employees. | $10,808 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,644 |
| Payroll taxes | $14,639 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,044 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,956 |
| Advertising and promotion | $8,937 |
| Office expenses | $9,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $57 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,816 |
| All other expenses | $0 |
| Total functional expenses | $400,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $445,634 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $76,884 |
| Other assets | $0 |
| Total assets | $522,518 |
| Accounts payable and accrued expenses | $45,725 |
| 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 | $45,725 |
| Net assets without donor restrictions | $431,514 |
| Net assets with donor restrictions | $45,279 |
| 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 | $522,518 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Friends Of The Rail Park has recieved totaling $261,810.
| Awarding Organization | Amount |
|---|---|
John S And James L Knight Foundation Inc Miami, FL PURPOSE: TO CREATE THE RAIL PARK DIGITAL HUB, A DIGITAL PLATFORM THAT ENABLES THE COMMUNITY ACROSS TO SHARE MEMORIES, EXPERIENCES AND FEEDBACK ABOUT THE RAIL PARK AND ADJOINING PHILADELPHIA NEIGHBORHOODS. | $100,000 |
John S And James L Knight Foundation Inc Miami, FL PURPOSE: TO CREATE THE RAIL PARK DIGITAL HUB, A DIGITAL PLATFORM THAT ENABLES THE COMMUNITY ACROSS TO SHARE MEMORIES, EXPERIENCES AND FEEDBACK ABOUT THE RAIL PARK AND ADJOINING PHILADELPHIA NEIGHBORHOODS. | $75,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: RAIL PARK | $45,000 |
William Penn Foundation Philadelphia, PA PURPOSE: RELIEF AND RECOVERY SUPPORT | $25,000 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA PURPOSE: Donor Designation | $10,070 |
Philadelphia Cultural Fund Inc Philadelphia, PA PURPOSE: Operations | $6,524 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Pennsylvania Conservancy Pittsburgh, PA | $113,802,863 | $21,943,336 |
Open Space Institute Land Trust Inc New York, NY | $354,809,473 | $44,215,127 |
Western Reserve Land Conservancy Moreland Hills, OH | $30,804,258 | $21,482,529 |
Natural Lands Trust Incorporated Media, PA | $288,000,033 | $16,114,941 |
Scenic Hudson Land Trust Inc Poughkeepsie, NY | $274,968,472 | $12,546,398 |
Lancaster Farmland Trust Strasburg, PA | $11,698,413 | $9,676,102 |
New Jersey Conservation Foundation Far Hills, NJ | $62,588,695 | $10,973,647 |
Peconic Land Trust Incorporated Southampton, NY | $410,120,179 | $28,476,857 |
Mohonk Preserve Inc Gardiner, NY | $30,184,686 | $5,297,527 |
Wildlands Conservancy Inc Emmaus, PA | $12,037,986 | $4,624,633 |
Agricultural Stewardship Association Greenwich, NY | $3,423,343 | $3,521,538 |
The Finger Lakes Land Trust Inc Ithaca, NY | $33,932,196 | $4,821,991 |