Friends Of The Parks Foundation Inc
- Assets
- $373.6k
- Revenue
- $500.5k
- Investments
- $0.0
- Employees
- 12
- Location
- Fayetteville, NC
- Founding
- 04/1987
- Data as of
- 12/2022
- EIN
- 58-1727960
Organization Overview
Friends Of The Parks Foundation Inc, operating under the name Fascinate-U Children's Museum, is located in Fayetteville, NC. The organization was established in 1987. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Fascinate-U Children's Museum employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fascinate-U Children's Museum 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 12/2022, Fascinate-U Children's Museum generated $500.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $291.4k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A CHILDREN'S MUSEUM
Describe the Organization's Program Activity:
Part 3 - Line 4a
FASCINATE-U REGISTERED 32,475 VISITORS DURING THE 2022 CALENDAR YEAR. AN ADDITIONAL 966 WERE SERVED THROUGH SCIENCE OUTREACH PROGRAMS. ART PROGRAMS INCLUDED CLASSES AND WORKSHOPS FOR HOMESCHOOLERS IN GRADES K-6, AFTER-SCHOOL PROGRAMS FOR K-6, AND TEEN ART CLASSES. IN ADDITION, TWO WEEK-LONG ART/SCIENCE CAMPS WERE HELD IN THE SUMMER. IN-HOUSE AND OUTREACH PROGRAMS INCLUDED "MAKE-IT TAKE-IT", ART PROGRAMS, "SUPER SCIENCE SATURDAYS AND THE RETURN OF ANNUAL EVENTS SUCH AS BREAKFAST WITH SANTA AND THE NC SCIENCE FUNFEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Daniels Executive Director | Trustee | 40 | $87,300 |
Jill Patrick Secretary | Trustee | 1 | $0 |
Malik Davis Member | Trustee | 1 | $0 |
Sissy Davis Member | Trustee | 1 | $0 |
Libby Woolcock Member | Trustee | 1 | $0 |
Cynthia Torrell Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,450 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $332,920 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,012 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $360,382 |
| Total Program Service Revenue | $118,893 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $21,217 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,492 |
| 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. | $90,673 |
| Compensation of current officers, directors, key employees. | $14,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,565 |
| Payroll taxes | $14,949 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,047 |
| Advertising and promotion | $237 |
| Office expenses | $6,958 |
| 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 | $31 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,183 |
| Insurance | $6,917 |
| All other expenses | $9,521 |
| Total functional expenses | $291,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,520 |
| Accounts receivable, net | $781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,723 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $32,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,616 |
| Total assets | $373,560 |
| Accounts payable and accrued expenses | $19,549 |
| 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 | $19,549 |
| Net assets without donor restrictions | $82,536 |
| Net assets with donor restrictions | $271,475 |
| 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 | $373,560 |