Park Rapids Education & Activities Foundation Incorporated
- Assets
- $378.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Park Rapids, MN
- Founding
- 06/1992
- Data as of
- 12/2023
- EIN
- 41-1704411
Organization Overview
Park Rapids Education & Activities Foundation Incorporated is located in Park Rapids, MN. The organization was established in 1992. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Park Rapids Education & Activities Foundation Incorporated 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, Park Rapids Education & Activities Foundation Incorporated generated $60.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $67.3k during the year ending 12/2023. While expenses have increased by 7.5% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUPPORT BOYS AND GIRLS ATHLETICS AND MUSIC PROGRAMS IN PARK RAPIDS MN SCHOOLS WITH APPROXIMATELY 600 PARTICIPANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steph Carlson President | 1 | $0 | |
Lisa Koppelman Treasurer | 1 | $0 | |
John Martin Former Board Member | 0 | $0 | |
Tom Conzemius Board Member | 0 | $0 | |
Sam Coborn Board Member | 0 | $0 | |
Kathy Henry Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,638 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,055 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $27,255 |
| Other Revenue | $0 |
| Total Revenue | $60,948 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $723 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,058 |
| Other expenses | $2,178 |
| Total expenses | $67,251 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $378,162 |
| Other assets | $0 |
| Total assets | $378,162 |
| Total liabilities | $0 |
| Net assets or fund balances | $378,162 |