Manor Park Foundation Inc
- Assets
- $21.0m
- Revenue
- $12.3m
- Investments
- $15.7m
- Employees
- 0
- Location
- Midland, TX
- Founding
- 09/2003
- Data as of
- 05/2022
- EIN
- 47-0875829
Organization Overview
Manor Park Foundation Inc is located in Midland, TX. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manor 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FOUNDATION IS TO SUPPORT MANOR PARK, INC. BY GROWING AND DEVELOPING THE FUNDS HELD FOR THE BENEFIT OF MANOR PARK, INC., WHOSE CHARITABLE PURPOSE IS THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES QUALITY HOUSING AND SERVICES FOR PERSONS WHO ARE 62 YEARS OF AGE OR OLDER, WITHOUT REGARD TO THE RESIDENT'S ABILITY TO PAY AND WHICH IS OPEN AND AVAILABLE TO ALL PERSONS WITHOUT REGARD TO RACE, COLOR CREED OR NATIONAL ORIGIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTIONS IN SUPPORT OF MANOR PARK, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ferrell Davis Treasurer | OfficerTrustee | 1 | $0 |
Brandon Black Chairman | OfficerTrustee | 1 | $0 |
Shan Moon Vice-Chairman | OfficerTrustee | 1 | $0 |
Guy Mccrary Secretary | OfficerTrustee | 1 | $0 |
Tina Ballard CFO | Officer | 2 | $0 |
Stephen Nelson President & CEO | Officer | 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 | $1,006,304 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,006,304 |
| Total Program Service Revenue | $0 |
| Investment income | $331,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,983,098 |
| 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 | $12,320,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $376,249 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,336 |
| Fees for services: Other | $94,169 |
| Advertising and promotion | $0 |
| Office expenses | $612 |
| 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 | $3,138 |
| All other expenses | $0 |
| Total functional expenses | $1,428,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,716 |
| Savings and temporary cash investments | $475,504 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,780,007 |
| 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 | $15,720,737 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,565,034 |
| Total assets | $21,038,998 |
| 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 | $860 |
| Net assets with donor restrictions | $21,038,138 |
| 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 | $21,038,998 |
Endowment Analysis
| Earnings | -$26,908 |
| Net Contributions | $1,006,304 |
| Ending Balance | $979,396 |
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