People For Palmer Park
- Assets
- $331.4k
- Revenue
- $351.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/2011
- Data as of
- 12/2023
- EIN
- 27-4528966
Organization Overview
People For Palmer Park is located in Detroit, MI. The organization was established in 2011. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. People For Palmer 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 12/2023, People For Palmer Park generated $351.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $238.5k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE PRESERVATION, REVITALIZATION, AND VIABILITY OF PALMER PARK A DETROIT PARK FOR THE GOOD OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS - ORGANIZE SOCIAL ACTIVITIES IN THE PARK AND SURROUNDING AREAS. 2,000 INDIDVIDUALS PARTICPATED IN THE EVENTS.
PRESERVATION - MAINTAIN AND IMPROVE THE ASSETS OF THE PARK.
RECREATION - PROVIDE RECREATIONAL ACTIVITIES IN THE PARK INCLUDING TENNIS LESSONS YOGA, AND A DISC GOLF COURSE. THERE WERE 5000 INDIVIDUALS SERVED AT RECREATION ACTIVITIES. THE DISC GOLF COURSE HAD 1,200 PARTICIPANTS MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Adams Director | Trustee | $0 | |
Barbara Barefield Director | Trustee | $0 | |
Robyn Childers Director | Trustee | $0 | |
Joe Darling Director | Trustee | $0 | |
Sylvia Green Director | Trustee | $0 | |
Gregory Guice Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $272,806 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,459 |
| Total Program Service Revenue | $59,885 |
| Investment income | $1,414 |
| 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 | $351,758 |
| 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 | $2,074 |
| 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 | $6,511 |
| Information technology | $7,086 |
| Royalties | $0 |
| Occupancy | $62,939 |
| 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 | $1,281 |
| All other expenses | $494 |
| Total functional expenses | $238,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,250 |
| Savings and temporary cash investments | $279,923 |
| 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 | $1,251 |
| 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 | $331,424 |
| 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 | $147,191 |
| Net assets with donor restrictions | $184,233 |
| 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 | $331,424 |