The Tower Grove Park Foundation is located in Saint Louis, MO. The organization was established in 1986. 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. Tower Grove Park 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 06/2021, Tower Grove Park Foundation generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 46.8% each year . All expenses for the organization totaled $2.1m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE INVESTMENT AND DISBURSEMENT OF ENDOWMENT FUNDS ON BEHALF OF TOWER GROVE PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MANAGES INVESTMENT AND DISBURSEMENT OF ENDOWMENT FUNDS ON BEHALF OF TOWER GROVE PARK, A QUASI-GOVERNMENTAL ENTITY, WHICH IS AFFILIATED WITH THE CITY OF ST. LOUIS, MISSOURI
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Potashnick Secretary | OfficerTrustee | 1 | $0 |
Robert S Holmes Jr President | OfficerTrustee | 1 | $0 |
John J O'brien Treasurer | OfficerTrustee | 1 | $0 |
Steve Kidwell Director | Trustee | 1 | $0 |
Emily Martin Director | Trustee | 1 | $0 |
Robert Epperson Former Director | Trustee | 1 | $0 |
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 | $1,373,321 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,373,321 |
Total Program Service Revenue | $0 |
Investment income | $252,242 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $176,427 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,801,990 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,048,524 |
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 | $3,162 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $33,247 |
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 | $1,147 |
All other expenses | $0 |
Total functional expenses | $2,086,240 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $124,904 |
Savings and temporary cash investments | $55,351 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,621,126 |
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 | $13,094,600 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $14,895,981 |
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 | $6,510,622 |
Net assets with donor restrictions | $8,385,359 |
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 | $14,895,981 |
Over the last fiscal year, we have identified 2 grants that The Tower Grove Park Foundation has recieved totaling $46,400.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $38,400 |
St Louis Community Foundation Incorporated St Louis, MO PURPOSE: ENVIRONMENT | $8,000 |
Beg. Balance | $2,951,534 |
Earnings | $860,769 |
Admin Expense | $8,676 |
Other Expense | $58,992 |
Ending Balance | $3,744,635 |
Organization Name | Assets | Revenue |
---|---|---|
Friends Of The Robert Crown Center Evanston, IL | $364,936 | $1,586,328 |
Chicago Parks Foundation Chicago, IL | $6,269,164 | $4,256,299 |
The Tower Grove Park Foundation Saint Louis, MO | $14,895,981 | $1,801,990 |
Ball Foundation Glen Ellyn, IL | $10,980,594 | $409,210 |
Browning - Kimball Foundation Oklahoma City, OK | $30,298,219 | $3,107,780 |
Chicago Rowing Foundation Chicago, IL | $1,413,266 | $1,236,194 |
Tenngreen Land Conservancy Nashville, TN | $19,971,388 | $11,678,938 |
Atchison Ymca Qalicb Inc Kansas City, MO | $9,758,868 | $380,000 |
Friends Of Lake Forest Parks And Recreation Lake Forest, IL | $990,377 | $433,092 |
Pekin Park Foundation Pekin, IL | $1,074,794 | $584,310 |
Legacy Parks Foundation Knoxville, TN | $2,339,940 | $1,000,351 |
Trust Uw Elmer A Sperry T 3012 Chicago, IL | $7,841,681 | $561,674 |