Buffalo Grove Friends Of The Park Foundation
- Assets
- $88.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo Grove, IL
- Founding
- 08/1995
- Data as of
- 04/2020
- EIN
- 36-3952923
Organization Overview
Buffalo Grove Friends Of The Park Foundation is located in Buffalo Grove, IL. The organization was established in 1995. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Buffalo Grove Friends Of The 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 04/2020, Buffalo Grove Friends Of The Park Foundation generated $38.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $40.7k during the year ending 04/2020. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
PROVIDED FUNDS FOR VARIOUS COMMUNITY EVENTS INVOLVING PARK DISTRICT AND VILLAGE RESIDENTS, AND FOR VARIOUS RECOGNITION AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Schmerer Director | 1 | $0 | |
Howard Hoffman Director | 1 | $0 | |
Teresa Reinhofer Director | 1 | $0 | |
Ryan Risinger Secretary | 1 | $0 | |
Robert Giddens Director | 1 | $0 | |
Cathy Novak President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,778 |
| Total Program Service Revenue | $17,299 |
| Membership dues | $0 |
| Investment income | $1,657 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,476 |
| Other Revenue | $0 |
| Total Revenue | $38,210 |
| Statement of Expenses | |
|---|---|
| Total expenses | $40,730 |
| Balance Sheet | |
|---|---|
| Total assets | $88,060 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,060 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Buffalo Grove Friends Of The Park Foundation has recieved totaling $505.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edward Health And Fitness Center Naperville, IL | $10,693,945 | $6,619,207 |
National Institute For Fitness And Sport Inc Indianapolis, IN | $3,388,339 | $6,121,753 |
Washington Area Community Center Inc Washington, IL | $16,748,598 | $3,867,978 |
World Baseball Academy Inc Fort Wayne, IN | $7,537,804 | $1,941,151 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
South Suburban Special Recreation Association Tinley Park, IL | $2,126,834 | $1,231,235 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |
Evansville-Vanderburgh County Convention And Visitors Comm Sport Evansville, IN | $2,161,496 | $1,055,780 |