Parks Foundation Of Islip Town Inc
- Assets
- $147.0k
- Revenue
- $450.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Islip, NY
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 82-4135181
Organization Overview
Parks Foundation Of Islip Town Inc is located in Islip, NY. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parks Foundation Of Islip Town 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 12/2023, Parks Foundation Of Islip Town Inc generated $450.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $564.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PARKS FOUNDATION OF ISLIP TOWN IS AN INDEPENDENT NON-PROFIT ORGANIZATION. OUR MISSION IS TO ASSIST WITH THE IMPROVEMENT AND ENHANCEMENT OF PARKS AND OTHER RECREATIONAL FACILITIES LOCATED WITHIN THE TOWN OF ISLIP FOR OUR RESIDENTS AND VISITORS, AND TO ASSIST IN FUNDING THOSE SPECIAL PROJECTS THAT GO BEYOND NORMAL BUDGET ALLOCATIONS. THE PARKS FOUNDATION CAME TOGETHER TO WORK ON SPECIAL PROJECTS LIKE SERENITY GARDENS WHICH WILL SERVE RESIDENTS WHO MAY NOT NORMALLY FREQUENT PUBLIC PARKS. IT ALSO PROVIDES THE OPPORTUNITY TO MAKE DONATIONS TO OTHER TOWN WIDE FACILITIES SUCH AS INDIVIDUAL RECREATIONAL FACILITIES, PARKS, BEACHES, AND MARINAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARKS FOUNDATION OF ISLIP TOWN WILL CATER THEIR PARK TO PEOPLE WHO ARE VISUALLY AND/OR HEARING IMPAIRED, ON THE AUTISM SPECTRUM, OR SUFFER FROM ALZHEIMERS DISEASE OR DEMENTIA, AND WILL STILL BE INVITING TO SENIORS, VETERANS AND THE GENERAL PUBLIC.
PARKS FOUNDATION OF ISLIP TOWN WILL CATER THEIR PARK TO PEOPLE WHO ARE VISUALLY AND/OR HEARING IMPAIRED, ON THE AUTISM SPECTRUM, OR SUFFER FROM ALZHEIMERS DISEASE OR DEMENTIA, AND WILL STILL BE INVITING TO SENIORS, VETERANS AND THE GENERAL PUBLIC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Barbara Vice-Preside | Trustee | 2 | $0 |
Dwayne Diesu Secretary | Trustee | 2 | $0 |
John King President | OfficerTrustee | 2 | $0 |
Dan Levler Trustee | Trustee | 2 | $0 |
Tom Mcateer Trustee | Trustee | 2 | $0 |
Michael Moriarity Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,750 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $450,750 |
| 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 | $700 |
| 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 | $33 |
| 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 | $0 |
| Interest | $325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,247 |
| All other expenses | $0 |
| Total functional expenses | $564,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,001 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $147,001 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $147,001 |
| 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 | $147,001 |