Parklands Foundation
- Assets
- $6.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Normal, IL
- Founding
- 12/1967
- Data as of
- 02/2022
- 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 02/2022, Parklands Foundation employed 5 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 02/2022, Parklands Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $284.7k during the year ending 02/2022. While expenses have increased by 7.4% per year over the past 7 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
2022
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 |
|---|---|---|---|
Jason Shoemaker Land Steward | Officer | 40 | $54,894 |
Erin Herbez Admin. Director | Officer | 25 | $29,452 |
Kathryn Everett Secretary | OfficerTrustee | 1 | $0 |
Francis Sanders Vice President | OfficerTrustee | 1 | $0 |
Eric Smith President | OfficerTrustee | 1 | $0 |
Michael Mckinley Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,445 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,676 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,725 |
| Noncash contributions included in lines 1a–1f | $18,194 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $379,846 |
| Total Program Service Revenue | $44,534 |
| Investment income | $25,149 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $542,409 |
| Net Income from Fundraising Events | $23,976 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,017,186 |
| 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. | $84,346 |
| Compensation of current officers, directors, key employees. | $7,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,742 |
| Payroll taxes | $8,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $714 |
| Fees for services: Accounting | $13,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,249 |
| Advertising and promotion | $251 |
| Office expenses | $24,953 |
| Information technology | $5,739 |
| Royalties | $0 |
| Occupancy | $9,503 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,627 |
| Insurance | $14,212 |
| All other expenses | $10,749 |
| Total functional expenses | $284,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $299,069 |
| Savings and temporary cash investments | $416,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13 |
| 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 | $8,088 |
| Net Land, buildings, and equipment | $3,903,264 |
| Investments—publicly traded securities | $1,144,916 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $436,629 |
| Other assets | $0 |
| Total assets | $6,208,735 |
| Accounts payable and accrued expenses | $33,020 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $33,020 |
| Net assets without donor restrictions | $5,628,698 |
| Net assets with donor restrictions | $547,017 |
| 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 | $6,208,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Parklands Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Wilson Conservation Tr Sarasota, FL PURPOSE: RESTORATION OF CHAMPION TRACT | $5,000 |
Endowment Analysis
| Beg. Balance | $1,510,999 |
| Earnings | $74,385 |
| Admin Expense | $375 |
| Net Contributions | $18,194 |
| Other Expense | $82,000 |
| Ending Balance | $1,521,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Openlands Chicago, IL | $37,602,836 | $9,254,791 |
Conservation Foundation Naperville, IL | $10,642,016 | $3,351,729 |
Tall Pines Conservancy Inc Nashotah, WI | $2,243,899 | $2,340,562 |
Lake Forest Open Lands Association Lake Forest, IL | $65,831,069 | $6,633,518 |
Ll Foundation Keytesville, MO | $2,819,800 | $2,090,334 |
Jo Daviess Conservation Foundation Inc Elizabeth, IL | $13,683,840 | $1,728,367 |
Prairie Enthusiasts Inc Viroqua, WI | $12,506,035 | $2,620,729 |
Acres Inc Huntertown, IN | $33,175,317 | $1,636,200 |
Door County Land Trust Inc Sturgeon Bay, WI | $36,318,691 | $4,027,675 |
Ozaukee Washington Land Trust Inc West Bend, WI | $22,989,724 | $5,053,891 |
Central Indiana Land Trust Incorporated Indianapolis, IN | $29,163,187 | $2,880,551 |
Bluegrass Conservancy Inc Lexington, KY | $3,752,784 | $961,276 |