Forest Park Foundation

Organization Overview

Forest Park Foundation is located in Crystal Falls, MI. The organization was established in 2017. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forest Park Foundation 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, Forest Park Foundation generated $129.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $12.6k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

RECEIVE AND INVEST SCHOLARSHIP FUNDS, DISTRIBUTE SCHOLARSHIP DIVIDENDS TO FOREST PARK GRADUATES THAT HAVE APPLIED AND HAVE BEEN AWARDED SCHOLARSHIPS ACCORDING TO THE GUIDELINES OF EACH INDIVIDUAL SCHOLARSHIP.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION HAS GROWN IN VALUE FROM $14,000 TO OVER $1,000,000 BY 2023. IN 2023 AND 2022, SCHOLARSHIPS TOTALING $10,235 AND $7,500 WERE AWARDED TO FIVE AND SIX RECIPIENTS, RESPECTIVELY.


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Board, Officers & Key Employees

Name (title)Compensation
Jim Nocerini
Director
$0
Daryl Waters
Director
$0
Jamie Krueger
Director
$0
Christy Larsen
Director
$0
Stacy Gasperich
Director
$0
Kathy Stankewicz
Treasurer
$0

Financial Statements

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$25,977
Noncash contributions included in lines 1a–1f $25,977
Total Revenue from Contributions, Gifts, Grants & Similar$25,977
Total Program Service Revenue$0
Investment income $45,082
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $58,060
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $129,119

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