Parks Foundation Of Highland Park
- Assets
- $675.2k
- Revenue
- $728.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Highland Park, IL
- Founding
- 07/2016
- Data as of
- 12/2023
- EIN
- 35-2507421
Organization Overview
Parks Foundation Of Highland Park is located in Highland Park, IL. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parks Foundation Of Highland Park 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 12/2023, Parks Foundation Of Highland Park generated $728.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.5% each year . All expenses for the organization totaled $142.2k during the year ending 12/2023. While expenses have increased by 29.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED TO SUPPORT THE MISSION OF THE PDHP: "TO ENRICH COMMUNITY LIFE THROUGH HEALTHY LEISURE PURSUITS AND AN APPRECIATION FOR THE NATURAL WORLD" BY RAISING AND GRANTING SUPPLEMENTAL FUNDING FOR: PROGRAMS, SERVICES, THE REDUCTION OF FEES CHARGED FOR PROGRAMS FOR PARTICIPANTS WHO ARE EXPERIENCING ECONOMIC DIFICULTY, FACILITIES, CAPITAL PROJECTS, TECHNOLOGY, AND THE ACQUISITION OF OPEN SPACE AREAS FOR ACTIVE OR PASSIVE RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ATHLETIC FIELD IMPROVEMENTS - RAISED MONEY TO ASIST THE PARK DISTRICT OF HIGHLAND PARK TO INSTALL AN ARTIFICIAL TURF FIELD.
TO SUPPORT THE MISSION OF THE PARK DISTRICT OF HIGHLAND PARK
COLLECTED 250,000 DONATION TO RENAME AND IMPROVE A PARK.
HELD GALA AND FUNDED PARK DISTRICT OF HIGHLAND PARK CAMP SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Labrador President | OfficerTrustee | 1 | $0 |
Jennifer Tier Secretary | OfficerTrustee | 2 | $0 |
Silvis Chen Treasurer | OfficerTrustee | 1 | $0 |
Nicholas Barnes Director | Trustee | 1.5 | $0 |
Matt Pestine Director | Trustee | 4.5 | $0 |
Rob Stepen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,352 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $674,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $696,064 |
| Total Program Service Revenue | $0 |
| 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 | $32,261 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $728,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,642 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,601 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,617 |
| Advertising and promotion | $3,087 |
| Office expenses | $2,963 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $142,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,737 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,470 |
| 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 | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $675,207 |
| 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 | $208,773 |
| Net assets with donor restrictions | $466,434 |
| 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 | $675,207 |