Dte Beacon Park Foundation
- Assets
- $10.0m
- Revenue
- $219.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 82-3539884
Organization Overview
Dte Beacon Park Foundation is located in Detroit, MI. The organization was established in 2018. 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. Dte Beacon Park 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 12/2022, Dte Beacon Park Foundation generated $219.1k 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 (39.3%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENRICHMENT - DTE BEACON PARK MAINTAINS A LARGE GREEN SPACE FOR COMMUNITY BENEFIT AND HOSTS VARIOUS EVENTS YEAR-ROUND
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette M Dowler President And Director | 2 | $0 | |
Jodi Frisicaro Treasurer And Director | 0.5 | $0 | |
Anthony J Tomczak Secretary And Director | 0.5 | $0 | |
Shawn P Patterson Director | 0.5 | $0 | |
Angie Pizzuti Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,280 |
| Net Rental Income | $156,942 |
| 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 | $219,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $126,566 |
| Pension plans, employee benefits | $48,457 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $13,204 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,899,596 |
| Total operating and administrative expenses | $2,100,231 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,100,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,596,636 |
| Net Accounts receivable | $104,601 |
| Net Pledges Receivable | $0 |
| Grants receivable | $3,468,333 |
| 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 | $487,997 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,390,000 |
| Other assets | $0 |
| Total assets | $10,047,567 |
| Accounts payable and accrued expenses | $19,752 |
| 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 | $12,897 |
| Total liabilities | $32,649 |