Park Tudor Foundation Inc
- Assets
- $70.2m
- Revenue
- $29.5m
- Investments
- $0.0
- Employees
- 491
- Location
- Indianapolis, IN
- Founding
- 01/1938
- Data as of
- 06/2022
- EIN
- 35-0909976
Organization Overview
Park Tudor Foundation Inc is located in Indianapolis, IN. The organization was established in 1938. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Park Tudor Foundation Inc employed 491 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Tudor Foundation 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, Park Tudor Foundation Inc generated $29.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $30.9m during the year ending 06/2022. While expenses have increased by 1.5% 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
TO CREATE AN INSPIRING COLLEGE-PREPARATORY LEARNING ENVIRONMENT, WITH EXCEPTIONAL EDUCATORS AND EXTRAORDINARY OPPORTUNITIES, THAT PREPARES AND MOTIVES STUDENTS TO BECOME BALANCED, CONFIDENT, AND RESOURCEFUL LIFELONG LEARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PRIVATE EDUCATION FOR 950 STUDENTS AGES 3 THROUGH GRADE 12.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Ferree President | OfficerTrustee | 1 | $0 |
Andrea Hailey Vice President | OfficerTrustee | 1 | $0 |
Justin Christian Treasurer | OfficerTrustee | 1 | $0 |
Carlie Irsay-Gordon Secretary | OfficerTrustee | 1 | $0 |
Marya E Jones Board Member | Trustee | 1 | $0 |
Anna Maria Storniolo Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shiel Sexton Construction Services | 6/29/22 | $15,925,257 |
C H Garmong & Son Inc Construction Services | 6/29/22 | $1,159,055 |
Quest Fms Food Services | 6/29/22 | $948,507 |
North Mechanical Services Inc Maintenance | 6/29/22 | $493,258 |
Ems Executive Management Services Inc Cleaning Services | 6/29/22 | $432,091 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $34,027 |
| Related organizations | $2,250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,277,967 |
| Noncash contributions included in lines 1a–1f | $122,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,561,994 |
| Total Program Service Revenue | $24,771,579 |
| Investment income | $119,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,884 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,304 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $22,740 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,525,396 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,484,515 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $982,732 |
| Compensation of current officers, directors, key employees. | $803,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,391,821 |
| Pension plan accruals and contributions | $941,545 |
| Other employee benefits | $2,290,236 |
| Payroll taxes | $967,510 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,517 |
| Fees for services: Accounting | $33,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,697 |
| Advertising and promotion | $190,282 |
| Office expenses | $247,736 |
| Information technology | $262,205 |
| Royalties | $0 |
| Occupancy | $2,673,673 |
| Travel | $21,646 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,912 |
| Interest | $210,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,282,080 |
| Insurance | $363,140 |
| All other expenses | $0 |
| Total functional expenses | $30,903,240 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,478,792 |
| Pledges and grants receivable | $5,553,849 |
| Accounts receivable, net | $176,665 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $55,243 |
| Prepaid expenses and deferred charges | $664,109 |
| Net Land, buildings, and equipment | $46,838,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,415,976 |
| Total assets | $70,183,584 |
| Accounts payable and accrued expenses | $3,329,513 |
| Grants payable | $0 |
| Deferred revenue | $8,720,226 |
| 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 | $9,288,419 |
| Total liabilities | $21,338,158 |
| Net assets without donor restrictions | $42,675,346 |
| Net assets with donor restrictions | $6,170,080 |
| 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 | $70,183,584 |