Your Palisades Park Improvement Corporation is located in Pacific Palisades, CA. The organization was established in 2015. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, 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. Your Palisades Park Improvement Corporation 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, Your Palisades Park Improvement Corporation generated $21.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (47.2%) each year. All expenses for the organization totaled $156.7k 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
TO MAKE IMPROVEMENTS AND MAINTENANCE TO CITY PARKS FOR THE BENEFIT AND ENJOYMENT OF THE GENERAL POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADDING PARK EQUIPMENT AND FURNITURE INCLUDING THE MAINTENANCE & GARDENING OF THE CITY PARKS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lars Gustaf Soderbergh CEO And Director | OfficerTrustee | 0.5 | $0 |
Robert J Harter Jr Director & Secretary | OfficerTrustee | 2 | $0 |
Mike Skinner Chairman And Director | OfficerTrustee | 4 | $0 |
Ryan Skinner V.p., Treasurer And CFO | Officer | 0.5 | $0 |
Jay Mccann V.P. Gen Counsel & Directo | Trustee | 0.5 | $0 |
Bill Mcgregor V.P. And Director | Trustee | 8 | $0 |
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 | $9,820 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,820 |
Total Program Service Revenue | $0 |
Investment income | $10,858 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $281 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $20,959 |
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 | $3,353 |
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 | $3,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $7,375 |
Fees for services: Other | $0 |
Advertising and promotion | $2,708 |
Office expenses | $5,108 |
Information technology | $0 |
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 | $2,832 |
All other expenses | $87 |
Total functional expenses | $156,658 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,278 |
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 | $856,798 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $885,076 |
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 | $885,076 |
Net assets with donor restrictions | $0 |
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 | $885,076 |
Over the last fiscal year, we have identified 1 grants that Your Palisades Park Improvement Corporation has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Organization Name | Assets | Revenue |
---|---|---|
Irvine Ice Foundation Corona Del Mar, CA | $121,930,053 | $33,455,655 |
Jamestown Community Center Inc San Francisco, CA | $3,335,173 | $6,691,620 |
Placer Valley Sports Complex Inc Roseville, CA | $1,814,661 | $4,781,580 |
Central Valley Community Sports Foundation Fresno, CA | $2,715,509 | $2,571,166 |
Vietnamese American Communitycenter Of The East Bay Oakland, CA | $1,906,603 | $3,743,594 |
East Lake Village Community Yorba Linda, CA | $4,404,441 | $2,570,489 |
Grants Pass Family Ymca Grants Pass, OR | $3,531,287 | $2,517,620 |
Destiny Arts Center Oakland, CA | $3,989,445 | $2,432,032 |
Stone Soup Fresno Fresno, CA | $1,788,003 | $1,468,028 |
Living Peace Foundation Santa Barbara, CA | $7,259,063 | $5,000,012 |
Westside Community Improvement Association Eureka, CA | $3,460,883 | $928,189 |
Friends Of Expo Center Calabasas, CA | $0 | $0 |