Forest Park Trust Inc
- Assets
- $367.4k
- Revenue
- $297.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Woodhaven, NY
- Founding
- 12/1997
- Data as of
- 06/2022
- 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 06/2022, Forest Park Trust Inc employed 6 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 06/2022, Forest Park Trust Inc generated $297.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $322.3k during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 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
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 |
Diana Gaitan Treasurer | OfficerTrustee | 3 | $0 |
Nash Roe Secretary | OfficerTrustee | 3 | $0 |
Rodolfo Garcia Trustee | Trustee | 3 | $0 |
Chris Downes Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $129,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,526 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,465 |
| Total Program Service Revenue | $12,963 |
| 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 | $297,428 |
| 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 | $75,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,961 |
| Payroll taxes | $7,326 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,904 |
| Advertising and promotion | $0 |
| Office expenses | $4,093 |
| Information technology | $1,226 |
| 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 | $6,718 |
| All other expenses | $15,805 |
| Total functional expenses | $322,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,824 |
| Savings and temporary cash investments | $25,678 |
| Pledges and grants receivable | $121,551 |
| Accounts receivable, net | $357 |
| 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 | $14,989 |
| 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 | $367,399 |
| Accounts payable and accrued expenses | $3,438 |
| Grants payable | $0 |
| Deferred revenue | $4,350 |
| 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 | $7,788 |
| Net assets without donor restrictions | $349,611 |
| 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 | $367,399 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forest Park Trust Inc has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
City Parks Foundation Inc New York, NY PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $35,000 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Net Contributions | $15,000 |
| Other Expense | $15,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairmount Park Conservancy Philadelphia, PA | $18,681,659 | $13,830,460 |
Keep America Beautiful Inc Stamford, CT | $6,867,452 | $5,357,757 |
New York Restoration Project New York, NY | $17,760,231 | $5,638,155 |
Nurture Nature Foundation New York, NY | $30,506,291 | $2,642,254 |
The Greenwood Gardens & Nature Short Hills, NJ | $30,406,289 | $2,445,108 |
Friends Of Derry Township Parks & Recreation Hershey, PA | $223,882 | $913,516 |
Greater Newark Conservancy Inc Newark, NJ | $13,066,036 | $2,115,520 |
Wethersfield Foundation Inc Amenia, NY | $44,341,605 | $3,639,809 |
Terracorps Inc Lowell, MA | $871,956 | $1,570,866 |
Friends Of The Pittsburgh Urban Forest Pittsburgh, PA | $3,690,341 | $1,725,352 |
Design Trust For Public Space Inc New York, NY | $2,416,344 | $3,238,139 |
Rockaway Waterfront Alliance Inc Far Rockaway, NY | $3,824,993 | $1,308,844 |