Washington Park Foundation Inc
- Assets
- $2.1m
- Revenue
- $402.6k
- Investments
- $145.5k
- Employees
- 0
- Location
- Washington Depot, CT
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 46-2392418
Organization Overview
Washington Park Foundation Inc is located in Washington Depot, CT. The organization was established in 2014. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, 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. Washington Park Foundation Inc 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 12/2021, Washington Park Foundation Inc generated $402.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $200.1k during the year ending 12/2021. 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
MAINTAIN AND IMPROVE A FACILITY IN WASHINGTON DEPOT, CT FOR CHARITABLE AND EDUCATIONAL PROGRAMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND IMPROVED A FACILITY FOR CHARITABLE AND EDUCATIONAL PROGRAMS, INCLUDING A BUILDING AND OUTDOOR GARDENS, AND HOSTED VARIOUS COMMUNITY EVENTS AT THE FACILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karyn Detje President | OfficerTrustee | 5 | $0 |
Pels Matthews Vice President | OfficerTrustee | 1 | $0 |
Patrick Horan Treasurer | OfficerTrustee | 5 | $0 |
Carolyn Setlow Secretary | OfficerTrustee | 1 | $0 |
Andrew Flatt Trustee | Trustee | 1 | $0 |
Maria Mostajo Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,296 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $328,839 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,135 |
| Total Program Service Revenue | $27,147 |
| Investment income | $2,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,900 |
| Net Gain/Loss on Asset Sales | $29 |
| Net Income from Fundraising Events | $35,197 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,580 |
| 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. | $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 | $48,703 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190 |
| Fees for services: Other | $7,833 |
| Advertising and promotion | $1,841 |
| Office expenses | $13,977 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,167 |
| 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 | $39,681 |
| Insurance | $10,113 |
| All other expenses | $0 |
| Total functional expenses | $200,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,581 |
| Savings and temporary cash investments | $306,972 |
| 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 | $1,428,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $145,454 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $253,903 |
| Total assets | $2,144,372 |
| 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 | $1,963,624 |
| Net assets with donor restrictions | $180,748 |
| 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 | $2,144,372 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Washington Park Foundation Inc has recieved totaling $1,743,500.
| Awarding Organization | Amount |
|---|---|
Debra And Leon Black Family Foundation New York, NY PURPOSE: CHARITABLE PURPOSES | $1,700,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $25,000 |
The Kestrel Foundation Florham Park, NJ PURPOSE: GENERAL UNRESTRICTED | $15,500 |
Rene Bloch Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $2,000 |
The Perlman Family Foundation Inc Sarasota, FL PURPOSE: TO BENEFIT PUBLIC CHARITABLE ORGANIZATION | $1,000 |
Endowment Analysis
| Earnings | $5,162 |
| Admin Expense | $190 |
| Net Contributions | $175,776 |
| Ending Balance | $180,748 |
Peer Organizations
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|---|---|---|
East Side House Inc Bronx, NY | $42,784,414 | $25,630,486 |
Asphalt Green Inc New York, NY | $39,826,452 | $15,850,846 |
Edith And Carl Marks Jewish Community House Of Bensonhurst Inc Brooklyn, NY | $17,259,322 | $10,181,997 |
Springfield Jewish Community Center Inc Springfield, MA | $15,393,582 | $6,006,732 |
Mosholu-Montefiore Community Center Inc Bronx, NY | $20,931,089 | $6,817,607 |
Italian Center Of Stamford Inc Stamford, CT | $7,452,060 | $3,304,149 |
Hale Education Inc Westwood, MA | $13,658,620 | $6,417,685 |
Community Center Of Northern Westchester Inc Katonah, NY | $3,328,800 | $5,498,991 |
Albany Jewish Community Center Albany, NY | $6,414,404 | $4,335,273 |
Mercy Center Inc Bronx, NY | $6,137,597 | $3,436,998 |
Martin Luther King Community Center Incorporated Newport, RI | $14,330,533 | $11,301,540 |
Berkshire South Regional Community Great Barrington, MA | $6,361,142 | $3,407,835 |