Rockford Park District Foundation
- Assets
- $11.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rockford, IL
- Founding
- 10/1980
- Data as of
- 12/2022
- EIN
- 36-3083192
Organization Overview
Rockford Park District Foundation is located in Rockford, IL. The organization was established in 1980. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rockford Park District 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 12/2022, Rockford Park District Foundation generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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 PROVIDE PHILANTHROPIC SUPPORT TO THE ROCKFORD PARK DISTRICT
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITYCOMMUNITY EVENTS AND PROGRAMS SUCH AS MUSIC IN THE PARK, CITY OF GARDENS, SNOW SCULPTING, FESTIVAL OF FRIGHTS, GOLF COURSES AND LOCKWOOD PARK WERE ALL ASSISTED BY THE FOUNDATION.THERAPEUTIC RECREATION SERVICES THROUGH PROGRAMS SUCH AS BUDDY BASEBALL, BE SOCIAL ADULT PROGRAM, AND JR. CHARIOT'S WHEELCHAIR BASKETBALL PROVIDED INDIVIDUALS WITH DISABILITIES THE OPPORTUNITY TO PARTICIPATE IN RECREATIONAL PROGRAMS FUNDED IN PART BY THE FOUNDATION.
YOUTHTHE FOUNDATION SUPPORTED THOSE UNABLE TO PAY TO PARTICIPATE IN RECREATIONAL PROGRAMMING, CAMPS, AND LESSONS IN 2022 THROUGH "HELP ME PLAY" FEE ASSISTANCE TO ELIGIBLE FAMILIES. FUNDING FROM THE FOUNDATION MADE IT POSSIBLE FOR YOUTH TO PARTICIPATE IN OUTDOOR EDUCATION, HOCKEY TEAMS, NFL FLAG FOOTBALL, TRACK & FIELD AND TO ATTEND SUMMER CAMP. NEW IN 2022, NFL FLAG FOOTBALL FOR GIRLS KICKED OFF, ONE OF THE FIRST IN ILLINOIS. THE RIVERVIEW ICE HOUSE HAS REOPENED PROVIDING AN UPDATED ICE FACILITY FOR THE COMMUNITY WITH APPROPRIATE AMENITIES. A SERIES OF "WINTER FLURRY" ACTIVITIES WERE MADE POSSIBLE BY THE FOUNDATION INCLUDING A GLOWMAN CONTEST.
MEMORIALTHE CELEBRATE LIFE PROGRAM COMMEMORATED THE LIVES OF DONORS AND THEIR LOVED ONES THROUGH THE PLACEMENT OF MEMORIAL BENCHES, TREES, SWINGS AND BRICKS. THE KOREAN WAR MEMORIAL WAS MAINTAINED UTILIZING FOUNDATION SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Robinson President | OfficerTrustee | 2 | $0 |
Monica Glenny Past President | Trustee | 2 | $0 |
Kent Kohlbacher Vice President | OfficerTrustee | 2 | $0 |
Bob Farrell Treasurer (thru 10/1/22) | OfficerTrustee | 2 | $0 |
Russ Johansson Secretary | OfficerTrustee | 2 | $0 |
Mindy Lucchesi Treasurer (from 10/1/22) | OfficerTrustee | 2 | $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 | $2,399,498 |
| Noncash contributions included in lines 1a–1f | $19,984 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,399,498 |
| Total Program Service Revenue | $0 |
| Investment income | $96,437 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $24,078 |
| Net Gain/Loss on Asset Sales | $876,314 |
| Net Income from Fundraising Events | $2,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,399,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,406,652 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $0 |
| Fees for services: Legal | $3,514 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,430 |
| Fees for services: Other | $16,296 |
| Advertising and promotion | $0 |
| Office expenses | $14,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,155 |
| Travel | $511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,059 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,679 |
| Insurance | $0 |
| All other expenses | $327 |
| Total functional expenses | $1,668,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,617 |
| Savings and temporary cash investments | $3,529,392 |
| Pledges and grants receivable | $1,558,226 |
| Accounts receivable, net | $430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,940 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $240,502 |
| Investments—publicly traded securities | $4,737,320 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,590,173 |
| Total assets | $11,910,600 |
| Accounts payable and accrued expenses | $173,231 |
| Grants payable | $0 |
| Deferred revenue | $2,504 |
| 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 | $249,256 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $424,991 |
| Net assets without donor restrictions | $2,129,075 |
| Net assets with donor restrictions | $9,356,534 |
| 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 | $11,910,600 |