Parklands Foundation
- Assets
- $7.8m
- Revenue
- $654.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Normal, IL
- Founding
- 12/1967
- Data as of
- 02/2024
- EIN
- 37-6075466
Organization Overview
Parklands Foundation is located in Normal, IL. The organization was established in 1967. According to its NTEE Classification (C34) the organization is classified as: Land Resources Conservation, under the broad grouping of Environment and related organizations. As of 02/2024, Parklands Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parklands 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 02/2024, Parklands Foundation generated $654.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $346.8k during the year ending 02/2024. While expenses have increased by 8.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, PROTECT, AND ECOLOGICALLY RESTORE HISTORIC NATURAL LANDS IN THE MIDDLE AND UPPER MACKINAW VALLEY WATERSHED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AQUISITION, HOLDING, AND MAINTENANCE OF FORESTED AND SIMILAR RECREATIONAL LAND, FACILITIES USED BY UNKNOWN NUMBERS OF SCOUT TROOPS, SCHOOL CLASSES, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Van Ness Director | Trustee | 1 | $0 |
Roger Anderson Honorary Director | Trustee | 1 | $0 |
Kathryn Everett Director | Trustee | 1 | $0 |
Guy Fraker Honorary Director | Trustee | 1 | $0 |
Francis Sanders President | OfficerTrustee | 1 | $0 |
Michael Mckinley Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $80,235 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $255,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $217,518 |
| Noncash contributions included in lines 1a–1f | $80,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $553,338 |
| Total Program Service Revenue | $40,725 |
| Investment income | $64,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$21,590 |
| Net Income from Fundraising Events | $15,678 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $654,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $122,732 |
| Compensation of current officers, directors, key employees. | $12,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,955 |
| Pension plan accruals and contributions | $3,701 |
| Other employee benefits | $0 |
| Payroll taxes | $10,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $741 |
| Fees for services: Accounting | $9,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,135 |
| Advertising and promotion | $135 |
| Office expenses | $22,035 |
| Information technology | $5,805 |
| Royalties | $0 |
| Occupancy | $3,720 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,813 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,016 |
| Insurance | $15,626 |
| All other expenses | $5,997 |
| Total functional expenses | $346,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,593 |
| Savings and temporary cash investments | $7,170 |
| Pledges and grants receivable | $52,600 |
| Accounts receivable, net | $0 |
| 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 | $9,005 |
| Net Land, buildings, and equipment | $5,072,056 |
| Investments—publicly traded securities | $1,761,964 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $779,415 |
| Other assets | $0 |
| Total assets | $7,823,803 |
| Accounts payable and accrued expenses | $15,606 |
| Grants payable | $0 |
| Deferred revenue | $16 |
| 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 | $15,622 |
| Net assets without donor restrictions | $7,237,059 |
| Net assets with donor restrictions | $571,122 |
| 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 | $7,823,803 |