Kent County Parks Foundation
- Assets
- $2.2m
- Revenue
- $551.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Grand Rapids, MI
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 38-3470628
Organization Overview
Kent County Parks Foundation is located in Grand Rapids, MI. The organization was established in 1999. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent County Parks 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 12/2023, Kent County Parks Foundation generated $551.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 19.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RESOURCES TO HELP BUILD, EXPAND AND SUSTAIN KENT COUNTY PARKS THROUGH DONOR DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILLENIUM PARK MAINTENANCE ASSISTANCE - 38,711 OTHER DESIGNATED PARK IMPROVEMENTS - 29,271 SILVER LAKE PARK ACQUISITION TO KENT COUNTY - 1,371,436
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Harvey President | OfficerTrustee | 0.3 | $0 |
Lynne Jarman Johnson Vice Preside | OfficerTrustee | 0.3 | $0 |
Tom Amon Secretary | OfficerTrustee | 0.3 | $0 |
David Haagsma Treasurer | OfficerTrustee | 0.3 | $0 |
Denise Kolesar Director | Trustee | 0.3 | $0 |
Drew Neitzel Director | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $184,223 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,581 |
| Total Program Service Revenue | $0 |
| Investment income | $33,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,567 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,439,418 |
| 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. | $106,900 |
| Compensation of current officers, directors, key employees. | $21,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $190 |
| Office expenses | $4,248 |
| Information technology | $1,335 |
| Royalties | $0 |
| Occupancy | $269 |
| 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 | $350 |
| Insurance | $1,511 |
| All other expenses | $0 |
| Total functional expenses | $1,595,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,448 |
| Savings and temporary cash investments | $1,835,982 |
| Pledges and grants receivable | $25,000 |
| 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 | $17,138 |
| Net Land, buildings, and equipment | $321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,215,889 |
| Accounts payable and accrued expenses | $8,675 |
| 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 | $8,675 |
| Net assets without donor restrictions | $889,403 |
| Net assets with donor restrictions | $1,317,811 |
| 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 | $2,215,889 |
Grants Awarded
Over the last fiscal year, Kent County Parks Foundation has awarded $1,439,418 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KENT COUNTY BOARD OF PARK TRUSTEES PURPOSE: DEVELOPMENT OF PARKS | $67,982 |
KENT COUNTY BOARD OF PARK TRUSTEES PURPOSE: DEVELOPMENT OF PARKS | $1,371,436 |