Howard Memorial Sports Park Inc
- Assets
- $10.8m
- Revenue
- $65.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, OR
- Founding
- 06/2003
- Data as of
- 11/2023
- EIN
- 80-0065153
Organization Overview
Howard Memorial Sports Park Inc is located in Medford, OR. The organization was established in 2003. According to its NTEE Classification (T23) the organization is classified as: Private Operating 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. Howard Memorial Sports Park 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 11/2023, Howard Memorial Sports Park Inc generated $65.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $118.1k during the year ending 11/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES PAID FOR MAINTENANCE OF LAND FOR SPORTS PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Rosenthal President | 10 | $0 | |
Mike Zarosinski Director | 2 | $0 | |
Kevin Stine Director | 2 | $0 | |
Dan O'connor Director | 2 | $0 | |
John Schleining Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $65,358 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,358 |
| 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 | $91,839 |
| Occupancy | $33 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,365 |
| Total operating and administrative expenses | $95,147 |
| Contributions, gifts, grants paid | $23,000 |
| Total expenses and disbursements | $118,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,786 |
| Savings and temporary cash investments | $2,545,959 |
| 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 | $8,197,441 |
| Other assets | $0 |
| Total assets | $10,786,186 |
| 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, Howard Memorial Sports Park Inc has awarded $23,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MEDFORD YOUTH BASEBALL SOCIETY PURPOSE: SUPPORT, MAINTAIN, AND RENOVATE HARRY & DAVID FIELD, OWNED BY CITY OF MEDFORD, OREGON. | $13,000 |
MEDFORD PARKS & RECREATION FOUNDATION PURPOSE: ESTABLISH PARTNERSHIPS TO FINANCE AND PROMOTE THE VALUE, USE AND BENEFITS OF MEDFORD PARKS, RECREATIONAL FACILITIES AND PROGRAMS. | $10,000 |