Friends Of The Parks
- Assets
- $724.7k
- Revenue
- $459.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington Hills, MI
- Founding
- 07/1991
- Data as of
- 02/2022
- EIN
- 38-2920710
Organization Overview
Friends Of The Parks is located in Farmington Hills, MI. The organization was established in 1991. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Parks 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, Friends Of The Parks generated $459.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $316.4k during the year ending 02/2022. While expenses have increased by 34.3% 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
THE CORPORATION IS ORGANIZED TO CREATE, BUILD, MAINTAIN, OPERATE, PRESERVE, IMPROVE AND PROMOTE PUBLIC RECREATIONAL PROGRAMS, PUBLIC PARKS, AND PUBLIC RECREATIONAL FACILITIES, ALL WITHIN THE CITY OF FARMINGTON HILLS; AND TO RAISE FUNDS, AND RECEIVE AND MANAGE CONTRIBUTIONS, DONATIONS, GIFTS AND GRANTS TO BE USED TO ACCOMPLISH SAID PURPOSES. THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO OTHER ORGANIZATIONS WHICH ARE EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OR CORRESPONDING SECTION OF ANY FUTURE UNITED STATED FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRIENDS OF THE PARKS COLLECTED OVER $276,000 FROM GENEROUS DONORS TO SUPPORT THE PURPOSE OF THE ORGANIZATION. THE FRIENDS OF THE PARKS WILL BE UTILIZING THESE FUNDS IN SUPPORT OF SEVERAL MAJOR PROJECTS IN THE COMING YEAR, INCLUDING THE NEW HAWK COMMUNITY CENTER, AND THE HERITAGE PARK BRIDGE RECONSTRUCTION.
THE FRIENDS OF THE PARKS COLLECTED NEARLY $460 THOUSAND FROM GENEROUS DONORS TO SUPPORT THE PURPOSE OF THE ORGANIZATION. THE FRIENDS OF THE PARKS WILL BE UTILIZING THESE FUNDS IN SUPPORT OF SEVERAL MAJOR PROJECTS IN THE COMING YEAR, INCLUDING THE COMPLETION OF THE NEW HAWK COMMUNITY CENTER PROJECT, THE COMPLETION OF THE HERITAGE PARK BRIDGE RECONSTRUCTION PROJECT, AND THE NEW REGIONAL TRAILHEAD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Schnackel President | Trustee | 2 | $0 |
Steve Stimson Chairperson | Trustee | 2 | $0 |
Judy Antishin Vice President | Trustee | 2 | $0 |
Cheryl Ruffolo Secretary | Trustee | 2 | $0 |
Thomas Skrobola Treasurer | Trustee | 2 | $0 |
Bryan Farmer Board Member | Trustee | 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 | $459,534 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $459,534 |
| Total Program Service Revenue | $0 |
| Investment income | $218 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $459,752 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,185 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $41 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $166 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $316,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $724,721 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $724,721 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $724,721 |
| Net assets with donor restrictions | $0 |
| 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 | $724,721 |
Grants Awarded
Over the last fiscal year, Friends Of The Parks has awarded $316,005 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF FARMINGTON HILLS PURPOSE: Support of the Hawk Community Center project, including: - Office, Program Space, and Bathroom Renovation - Theatre Curtains | $271,373 |
CITY OF FARMINGTON HILLS PURPOSE: Heritage Bridge Reconstruction (Pedestrian Bridge at Heritage Park), including Tree Planting, Soil Borings, Design and Construction. | $34,634 |
CITY OF FARMINGTON HILLS PURPOSE: Trailhead Signage for 276 Trail | $9,998 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Lead The Way Inc Indianapolis, IN | $104,347,608 | $65,462,690 |
Summit Academy Management Akron, OH | $25,217,091 | $45,520,259 |
Ohio Connections Academy Inc Mason, OH | $14,548,496 | $44,580,487 |
Lighthouse Academies Of Northwest Indiana Inc Gary, IN | $25,011,234 | $24,142,982 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Racine Charter One Inc Racine, WI | $5,378,275 | $6,487,272 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |