Don & Frances Parks Charitable Trust
- Assets
- $18.3k
- Revenue
- $29.4k
- Investments
- $0.0
- Employees
- 0
- Location
- North Little Rock, AR
- Founding
- 06/1988
- Data as of
- 06/2021
- EIN
- 71-6132645
Organization Overview
Don & Frances Parks Charitable Trust is located in North Little Rock, AR. The organization was established in 1988. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Don & Frances Parks Charitable Trust 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 06/2021, Don & Frances Parks Charitable Trust generated $29.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $28.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Parks Trustee | 2 | $0 | |
Don Parks Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,434 |
| Capital Gain Net Income | $29,434 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $29,436 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11 |
| Total operating and administrative expenses | $11 |
| Contributions, gifts, grants paid | $28,800 |
| Total expenses and disbursements | $28,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,271 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Don & Frances Parks Charitable Trust has awarded $25,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW LIFE CHURCH OF CHRIST PURPOSE: GENERAL MINISTRY, BUILDING FUND & VISION PROJECT | $25,000 |
LIVING TRUTH CHURCH PURPOSE: GENERAL MINISTRY | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Parks Foundation Austin, TX | $18,633,164 | $9,510,875 |
Hollywood Memorial Park Company Houston, TX | $33,442,112 | $5,846,225 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Parks For Downtown Dallas Dallas, TX | $32,328,636 | $5,039,628 |
Woodall Rodgers Park Foundation Dallas, TX | $79,564,838 | $21,615,495 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Memorial Park Tulsa, OK | $30,425,611 | $5,086,019 |
Pease Park Conservancy Austin, TX | $3,299,549 | $1,315,940 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Spark Houston, TX | $2,148,796 | $3,269,886 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Linda Pace Foundation San Antonio, TX | $85,448,768 | $4,905,864 |