Forest Park Trust Inc
- Assets
- $419.8k
- Revenue
- $340.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Woodhaven, NY
- Founding
- 12/1997
- Data as of
- 06/2023
- EIN
- 31-1558645
Organization Overview
Forest Park Trust Inc is located in Woodhaven, NY. The organization was established in 1997. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 06/2023, Forest Park Trust Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Park Trust 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 06/2023, Forest Park Trust Inc generated $340.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $290.4k during the year ending 06/2023. While expenses have increased by 14.3% per year over the past 4 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
COMMUNITY OUTREACH/PUBLIC PROGRAMS - TO PROMOTE EDUCATION AND INFORMATION ON FOREST PARK AND CULTURAL ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY OUTREACH/PUBLIC PROGRAMS - TO PROMOTE EDUCATION AND INFORMATION ON FOREST PARK AND CULTURAL ACTIVITIES
RESTORATION, PRESERVATION & MAINTENANCE - FOR THE MAINTENANCE PRESERVATION AND RESTORING FOREST PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Palermo President | OfficerTrustee | 3 | $0 |
Dr Rev David Benke Compliance | OfficerTrustee | 3 | $0 |
Rodolfo Garcia Trustee | Trustee | 3 | $0 |
Chris Downes Trustee | Trustee | 3 | $0 |
Walter Sanchez Treasurer | OfficerTrustee | 3 | $0 |
Michael Gogitidze Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,239 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,589 |
| Total Program Service Revenue | $44,810 |
| Investment income | $3 |
| 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 | $340,402 |
| 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 | $50,531 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,510 |
| Payroll taxes | $4,552 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,328 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42 |
| Advertising and promotion | $0 |
| Office expenses | $4,136 |
| Information technology | $1,896 |
| 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 | $0 |
| Insurance | $6,909 |
| All other expenses | $8,338 |
| Total functional expenses | $290,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,074 |
| Savings and temporary cash investments | $25,680 |
| Pledges and grants receivable | $79,063 |
| 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 | $15,976 |
| 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 | $419,793 |
| Accounts payable and accrued expenses | $3,647 |
| Grants payable | $0 |
| Deferred revenue | $6,575 |
| 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 | $10,222 |
| Net assets without donor restrictions | $399,571 |
| Net assets with donor restrictions | $10,000 |
| 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 | $419,793 |