Mylan Park Foundation Inc

Organization Overview

Mylan Park Foundation Inc is located in Morgantown, WV. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 12/2023, Mylan Park Foundation Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mylan 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 12/2023, Mylan Park Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $7.8m during the year ending 12/2023. While expenses have increased by 21.1% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE PRIMARY PURPOSE OF THE FOUNDATION IS TO PROMOTE THE DEVELOPMENT AND SUPPORT OF RECREATIONAL PROJECTS FOR THE COMMUNITY AND THE MONONGALIA COUNTY, WEST VIRGINIA BOARD OF EDUCATION THROUGH SOLICITATION, ACCEPTANCE, ADMINISTRATION, AND INVESTMENT OF CONTRIBUTIONS FOR PROGRAMS AND PROJECTS. SUCH SUPPLEMENTAL PROGRAMS AND PROJECTS COULD PROVIDE PHYSICAL AS WELL AS MENTAL ENHANCEMENT OPPORTUNITIES FOR THE COMMUNITY AS A WHOLE IN ORDER TO ALLOW FOR RECREATIONAL PURSUITS; THE DEVELOPMENT OF SELF-KNOWLEDGE; AND THE FOSTERING OF SOCIAL ETHICS AND TEAM-BUILDING SKILLS.

Describe the Organization's Program Activity:

THE OPERATION, MANAGEMENT, AND MAINTENANCE OF A MULTI-PURPOSE RECREATIONAL COMPLEX TO SERVE THE STUDENTS OF MONONGALIA COUNTY SCHOOLS AND THE COMMUNITIES OF THE GREATER MORGANTOWN AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Terri Howes
Executive Di
$59,056
Shay Sachetti
Director Of
$40,168
Toni Lofton
Director Of
$12,832
Michael Alexander
Director
$0
Chris Atkins
Director
$0
Wren Baker
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Lytle Construction Corporation
Construction Se
$611,618
Centers Llc
Management Serv
$190,134
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$5,250
Related organizations$0
Government grants $525,000
All other contributions, gifts, grants, and similar amounts not included above$85,428
Noncash contributions included in lines 1a–1f $26,849
Total Revenue from Contributions, Gifts, Grants & Similar$615,678
Total Program Service Revenue$3,739,814
Investment income $42,470
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $114,353
Net Income from Fundraising Events $91,869
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,604,184

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