City Parks Foundation Inc
- Assets
- $2.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Newark, NJ
- Founding
- Data as of
- 12/2022
- EIN
- 87-1292746
Organization Overview
City Parks Foundation Inc is located in Newark, NJ. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, City Parks Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Parks Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENCOURAGE THE CITY OF NEWARK TO USE THEIR NEIGHBORHOOD PARKS BY OFFERING COMMUNITY-BUILDING PROGRAMS THAT BRING PEOPLE INTO THEIR LOCAL GREEN SPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY PARKS FOUNDATION, INC. OFFERS FREE PUBLIC PROGRAMS DESIGNED TO ENGAGE WITH THOSE WHO LIVE, WORK AND VISIT THE CITY OF NEWARK. OUR PROGRAMS RANGE FROM ARTS AND CULTURE, HEALTH AND FITNESS, AND ENVIRONMENTAL EDUCATION AND ARE ACCESSIBLE TO ALL. THE EVENTS INTENT TO WELCOME PEOPLE TO UTILIZE THEIR PUBLIC SPACE AND TO BUILD PARK STEWARDSHIP. WE WORK WITH A VARIETY OF PARTNERS INCLUDING THE CITY OF NEWARK, LOCAL NON-PROFIT, ARTS, AND EDUCATIONAL INSTITUTIONS AND THE COMMUNITY TO CREATE PROGRAMS THAT DIRECTLY BENEFIT THE CITY AND ITS RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Smith Chair | OfficerTrustee | 2 | $0 |
Nicole Butler Vice Chair | OfficerTrustee | 2 | $0 |
Amber Randolph Treasurer | OfficerTrustee | 2 | $0 |
Donna Kirkland Secretary | OfficerTrustee | 2 | $0 |
Marc Berson Board Member | Trustee | 2 | $0 |
Christine Gilfillan Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcon Construction Llc Construction | 12/30/22 | $387,945 |
Studio Cooke John Architecture And Desig Architecture | 12/30/22 | $368,245 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $300,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,918,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,218,001 |
| Total Program Service Revenue | $6,550 |
| Investment income | $4,820 |
| 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 | $2,229,371 |
| 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. | $165,231 |
| Compensation of current officers, directors, key employees. | $21,480 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,693 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,642 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,529 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $913,936 |
| Advertising and promotion | $29,122 |
| Office expenses | $6,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $601 |
| All other expenses | $0 |
| Total functional expenses | $1,184,858 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,314,314 |
| 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 | $2,314,314 |
| Accounts payable and accrued expenses | $5,079 |
| 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 | $5,079 |
| Net assets without donor restrictions | $2,309,235 |
| 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 | $2,314,314 |