Parks And Recreation Community Foundation
- Assets
- $1.9m
- Revenue
- $9.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 12/1986
- Data as of
- 08/2021
- EIN
- 77-0126823
Organization Overview
Parks And Recreation Community Foundation, operating under the name Parc Foundation, is located in Santa Barbara, CA. The organization was established in 1986. According to its NTEE Classification (T31) the organization is classified as: Community 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. Parc Foundation 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 08/2021, Parc Foundation generated $9.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $8.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (32.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RECEIVE, HOLD AND USE FUNDS FOR PROJECTS AND PROGRAMS RELATED TO PARKS AND RECREATION IN SANTA BARBARA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID RESTRICTIONS, ALL PROGRAM ACTIVITIES WERE SUSPENDED FOR THE ENTIRE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichol Clark President | OfficerTrustee | 0.5 | $0 |
Howard Hudson Treasurer | OfficerTrustee | 1 | $0 |
Jill Zachary Secretary | OfficerTrustee | 1 | $0 |
Tom Caesar Director | Trustee | 0.5 | $0 |
Kathy Mcgill Director | Trustee | 0.5 | $0 |
Ed Cavazos Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,542 |
| Total Program Service Revenue | $0 |
| Investment income | $1,977 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,519 |
| 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. | $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 | $3,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $518 |
| 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 | $2,049 |
| All other expenses | $0 |
| Total functional expenses | $8,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $874,542 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,007,995 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,882,537 |
| 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 | $1,813,624 |
| Total liabilities | $1,813,624 |
| Net assets without donor restrictions | $68,913 |
| Net assets with donor restrictions | $0 |
| 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 | $1,882,537 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Parks And Recreation Community Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Santa Barbara Foundation Santa Barbara, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Hutton Foundation A Delaware Corp Santa Barbara, CA PURPOSE: THE CAMPAIGN FOR THE CABRILLO PAVILION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Community Foundation Pasadena, CA | $160,872,116 | $33,042,535 |
Stanislaus Community Foundation Modesto, CA | $47,035,948 | $9,403,966 |
Old Pueblo Community Services Tucson, AZ | $5,295,377 | $8,453,026 |
Oregon Jewish Community Foundation Portland, OR | $113,748,806 | $13,935,130 |
Community Foundation Of The Napa Valley Napa, CA | $64,371,837 | $19,995,222 |
Jewish Community Foundation Of Greater Phoenix Scottsdale, AZ | $76,675,258 | $14,514,261 |
Shasta Regional Community Foundation Redding, CA | $33,649,369 | $8,814,085 |
Maricopa County Community College District Foundation Tempe, AZ | $57,726,324 | $17,323,301 |
Troopsdirect Inc San Ramon, CA | $1,749,204 | $6,174,707 |
Portland Community College Foundation Inc Portland, OR | $27,749,544 | $7,912,133 |
Los Altos Community Foundation Los Altos, CA | $24,821,882 | $9,736,995 |
Community Foundation Of San Joaquin Inc Stockton, CA | $29,819,876 | $11,764,048 |