Park National Bank Foundation Park National Bank
- Assets
- $15.9m
- Revenue
- $5.2m
- Investments
- $15.6m
- Employees
- 0
- Location
- Newark, OH
- Founding
- 07/1984
- Data as of
- 12/2021
- EIN
- 31-6249406
Organization Overview
Park National Bank Foundation Park National Bank is located in Newark, OH. The organization was established in 1984. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Park National Bank Foundation Park National Bank 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, Park National Bank Foundation Park National Bank generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 50.7% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 13.0% per year over the past 3 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.
Since 2021, Park National Bank Foundation Park National Bank has awarded 239 individual grants totaling $2,698,835. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl L Snyder President | 1 | $0 | |
David L Trautman Chairman | 1 | $0 | |
Thomas M Cummiskey Trustee | 1 | $0 | |
Brady T Burt Secretary/treasurer | 1 | $0 | |
Matt Miller Vice President | 1 | $0 | |
Laura Tussing Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,051,170 |
| Interest on Savings | $0 |
| Dividends & Interest | $373,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $807,736 |
| Capital Gain Net Income | $807,736 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,232,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $33,948 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $299 |
| Total operating and administrative expenses | $36,711 |
| Contributions, gifts, grants paid | $2,698,835 |
| Total expenses and disbursements | $2,735,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $284,473 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,447,792 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,571 |
| Total assets | $15,877,753 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Park National Bank Foundation Park National Bank has awarded $2,698,835 in support to 239 organizations.
| Grant Recipient | Amount |
|---|---|
NEWARK DEVELOPMENT PARTNERS PURPOSE: SUPPORT | $200,000 |
NEWARK CAMPUS DEVELOPMENT FUND EXECUTIVE DIRECTOR PURPOSE: SUPPORT | $125,750 |
Newark, OH PURPOSE: SUPPORT | $110,000 |
THE MIDLAND THEATRE ASSOCIATION PURPOSE: SUPPORT | $64,862 |
Newark, OH PURPOSE: SUPPORT | $60,000 |
YMCA OF MOUNT VERNON PURPOSE: SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ball Brothers Foundation Muncie, IN | $163,131,007 | $28,120,087 |
Crim Fitness Foundation Inc Flint, MI | $5,078,981 | $6,543,368 |
Toledo Classic Inc Toledo, OH | $1,903,609 | $6,431,231 |
George And Frances Ball Foundation Muncie, IN | $76,278,352 | $7,203,214 |
The Kroger Helping Hands Fund Benefits Trust Cincinnati, OH | $21,338,883 | $10,000,000 |
Park National Bank Foundation Park National Bank Newark, OH | $15,877,753 | $5,232,147 |
Edmund F And Virginia B Ball Foundation Inc Muncie, IN | $23,329,269 | $2,218,558 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Endowment Fund Of Maccabi Usa Sports For Israel Inc Philadelphia, PA | $20,966,655 | $4,538,606 |
Pennsylvania State Alliance Of Ymcas Harrisburg, PA | $1,701,535 | $887,296 |