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 12/2021, Mylan Park Foundation Inc employed 30 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 12/2020, Mylan Park Foundation Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $6.4m during the year ending 12/2020. While expenses have increased by 28.9% per year over the past 6 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 990 Filing

TAX YEAR

2020

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:

Part 3 - Line 4a

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
$80,000
Shay Sachetti
Director Of
$65,000
Todd Eckels
Treasurer
$0
Ron Justice
President
$0
Samuel S Stone
Secretary
$0
Frank S Vitale
Vice Preside
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Centers Llc
Management Serv
$179,220
Lytle Construction Corporation
Construction Se
$4,255,242
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$72,500
Related organizations$0
Government grants $325,000
All other contributions, gifts, grants, and similar amounts not included above$7,092,581
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,490,081
Total Program Service Revenue$2,960,041
Investment income $7,099
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $33,093
Net Income from Fundraising Events -$24,143
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,466,171

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mylan Park Foundation Inc has recieved totaling $35,330.

Awarding OrganizationAmount
Greater Morgantown Convention And Visitors Bureau Inc

Morgantown, WV

PURPOSE: TOURISM EVENT

$35,330
View Grant Recipient Profile

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