Elings Park Foundation
- Assets
- $12.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 10
- Location
- Santa Barbara, CA
- Founding
- 10/1980
- Data as of
- 12/2023
- EIN
- 95-3500475
Organization Overview
Elings Park Foundation is located in Santa Barbara, CA. The organization was established in 1980. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Elings Park Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elings 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 12/2023, Elings Park Foundation generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
IN 1965, ELINGS PARK WAS SANTA BARBARA'S FIRST MAJOR RECLAMATION PROJECT, TRANSFORMING THE CITY LANDFILL INTO A MAGNIFICENT 230-ACRE PARK-THE LARGEST COMMUNITY SUPPORTED, NONPROFIT, PUBLIC PARK IN AMERICA. NO CITY OR COUNTY MONIES ARE USED FOR MAINTENANCE, IMPROVEMENTS, OR OPERATIONS. EVERY YEAR, 300,000 CHILDREN, YOUTH, AND ADULTS FROM ALL BACKGROUNDS AND FROM THROUGHOUT THE COUNTY UTILIZE ELINGS PARK FOR SOFTBALL, RUGBY, SOCCER, BMX, TENNIS, RECREATION, THEATRICAL AND MUSICAL ENTERTAINMENT, HIKING, PARAGLIDING, DOG WALKING, FALLING IN LOVE, WEDDINGS, AND FAMILY GATHERINGS-AN AVERAGE OF 822 VISITS PER DAY AND 100+ SPORTS TEAMS! THE PARK IS OPEN 363 DAYS PER YEAR AND ADMISSION IS FREE. ACCORDING TO RESEARCH FROM THE TRUST FOR PUBLIC LAND, GREEN SPACES REDUCE VIOLENT CRIME; COUNTER STRESS AND SOCIAL ISOLATION (ESPECIALLY FOR OLDER ADULTS); IMPROVE CONCENTRATION FOR CHILDREN WITH ATTENTION DEFICIT DISORDER; ENHANCE RELAXATION; AND PROMOTE SELF-ESTEEM AND RESILIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELINGS PARK IS THE LARGEST PRIVATELY FUNDED, PUBLIC PARK IN THE UNITED STATES. MORE THAN TWO TIMES THE SIZE OF DISNEYLAND, THIS 230-ACRE SCENIC PARK ON THE SANTA BARBARA MESA FEATURES SWEEPING VIEWS, PICTURESQUE OAK GROVES AND HAS BEEN SANTA BARBARA'S GATHERING PLACE FOR RECREATION, ARTS, NATURE, AND INSPIRATION SINCE 1985. ELINGS PARK IS MADE POSSIBLE BY COMMUNITY DONATIONS AND RECEIVES NO REGULAR GOVERNMENT FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Britton Treasurer | OfficerTrustee | 5 | $0 |
Marcia Constance Director | Trustee | 1 | $0 |
Virgil Elings Director | Trustee | 1 | $0 |
Bruce Giffin Director | Trustee | 1 | $0 |
Patty Bryant President | OfficerTrustee | 1 | $0 |
Dallas Verhagen Legal Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evans Construction Construction | 12/30/23 | $2,111,969 |
Sage Trail Alliance Trail Maintence | 12/30/23 | $130,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,341,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,341,854 |
| Total Program Service Revenue | $811,571 |
| Investment income | $94,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $540,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,787,908 |
| 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. | $149,591 |
| Compensation of current officers, directors, key employees. | $44,877 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,886 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $145,639 |
| Payroll taxes | $41,583 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $114,851 |
| Fees for services: Investment Management | $30,230 |
| Fees for services: Other | $111,931 |
| Advertising and promotion | $11,953 |
| Office expenses | $75,965 |
| Information technology | $11,214 |
| Royalties | $0 |
| Occupancy | $154,263 |
| Travel | $26,250 |
| 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 | $204,946 |
| Insurance | $37,198 |
| All other expenses | $3,404 |
| Total functional expenses | $1,847,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $41,482 |
| 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 | $15,808 |
| Net Land, buildings, and equipment | $8,042,694 |
| Investments—publicly traded securities | $3,855,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,815,496 |
| Accounts payable and accrued expenses | $834,564 |
| Grants payable | $0 |
| Deferred revenue | $156,130 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $1,140,694 |
| Net assets without donor restrictions | $8,263,616 |
| Net assets with donor restrictions | $3,411,186 |
| 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 | $12,815,496 |