Gifford Park Association Inc
- Assets
- $161.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elgin, IL
- Founding
- 08/1989
- Data as of
- 12/2022
- EIN
- 36-3224105
Organization Overview
Gifford Park Association Inc is located in Elgin, IL. The organization was established in 1989. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Gifford Park Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Gifford Park Association Inc generated $39.0k 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 (4.4%) each year. All expenses for the organization totaled $4.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
HISTORIC HOUSE TOUR: TO RAISE AWARENESS OF HISTORIC PRESERVATION AND HOME REHABILITATION BY SHOWCASING PROPERTIES ON THE TOUR. PROVIDING WRITTEN AND TECHNICAL ASSISTANCE TO HOMEOWNERS. ATTENDANCE APPROXIMATELY 1000. COMMUNITY SUPPORT: PROVIDE DONATIONS TO YOUTH GROUPS AND NON-PROFITS. FINANCIALLY SUPPORT SEASONAL EVENTS, LECTURES, AND ACTIVITIES THAT BOLSTER NEIGHBORHOOD REVITALIZATION. PROVIDE FINANCIAL SUPPORT AND VOLUNTEER LABOR TO CERTAIN TYPES OF HOME REHAB WORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Bednar President | 10 | $0 | |
Tyler Grace Vice President | 2 | $0 | |
Barb Evans Secy | 2 | $0 | |
Pat Miller Treasurer | 4 | $0 | |
Glenna Preradovic At Large | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,070 |
| Total Program Service Revenue | $23,535 |
| Membership dues | $0 |
| Investment income | $361 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $38,966 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $1,488 |
| Printing, publications, postage, and shipping | $312 |
| Other expenses | $2,371 |
| Total expenses | $4,171 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,503 |
| Other assets | $0 |
| Total assets | $161,003 |
| Total liabilities | $0 |
| Net assets or fund balances | $161,003 |