Quincy Park Foundation in Quincy, Illinois (IL)
Quincy Park Foundation |
Employer Identification Number (EIN) | 364139745 |
Name of Organization | Quincy Park Foundation |
In Care of Name | James D Grant |
Address | 1231 Bonansinga Dr, Quincy, IL 62301-1762 |
Activities | Community recreational facilities (park, playground, etc) |
Subsection | Charitable Organization |
Ruling Date | 12/1998 |
Deductibility | Contributions are deductible |
Foundation | Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above |
Organization | Corporation |
Exempt Organization Status | Unconditional Exemption |
Tax Period | 12/2013 |
Assets | $100,000 to $499,999 |
Income | $100,000 to $499,999 |
Filing Requirement | 990 (all other) or 990EZ return |
Asset Amount | $427,791 |
Amount of Income | $153,460 |
Form 990 Revenue Amount | $153,358 |
National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Physical Fitness and Community Recreational Facilities |
Amount of income in 2013: $153,460
Quincy Park Foundation: | $153,460 |
Other organizations performing similar types of work: | $208,406 |
Assets in 2013: $427,791
This organization: | $427,791 |
Other organizations performing similar types of work: | $592,204 |
Expenses in 2013: $1,732
Quincy Park Foundation: | $1,732 |
Other organizations performing similar types of work: | $241,329 |
Income to expenses ratio in 2013: 88.6
This organization: | 88.6 |
Other organizations performing similar types of work: | 88.6 |
Grants share in income in 2013: 97.9%
Quincy Park Foundation: | 97.9% |
Other organizations performing similar types of work: | 97.9% |
Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2011 | 2012 | 2013 |
Total revenue | $5,144 | $135,085 | $153,358 |
Contributions, gifts, grants, and similar amounts received | $4,228 | $133,890 | $150,082 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $984 | $1,195 | $2,506 |
Gain/Loss from sale of assets other than inventory | $-68 | $0 | $0 |
Net income/loss from gaming and fundraising events | $0 | $0 | $770 |
Gross income from gaming | $0 | $0 | $0 |
Gross income from fundraising events | $0 | $0 | $872 |
Less: direct expenses from gaming and fundraising events | $0 | $0 | $102 |
Gross profit/loss from sales of inventory | $0 | $0 | $0 |
Other revenue | $0 | $0 | $0 |
Total expenses | $6,045 | $2,866 | $1,732 |
Total net assets | $143,946 | $276,165 | $427,791 |
Excess/Deficit for the year | $-901 | $132,219 | $151,626 |
Net assets or fund balances at beginning of year | $144,847 | $143,946 | $276,165 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Net assets or fund balances at end of year | | $276,165 | $427,791 |
Balance Sheets |
| 2011 | 2012 | 2013 |
Total assets | $143,946 | $276,165 | $427,791 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $143,946 | $276,165 | $427,791 |
Reason for Public Charity Status (for 2013) |
The organization is not a private foundation because it is: | An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2) |
Number of organizations supported | 1 |
Sum of amounts of support | $0 |
Revenue, Expenses, and Changes in Net Assets or Fund Balances |
| 2002 | 2003 | 2005 |
Total revenue | $276,571 | $30,996 | $34,543 |
Contributions, gifts, grants, and similar amounts received | $270,677 | $28,298 | $32,909 |
Program service revenue including government fees and contracts | $0 | $0 | $0 |
Membership dues and assessments | $0 | $0 | $0 |
Investment income | $0 | $0 | $0 |
Gain or (loss) from sales of assets other than inventory | $0 | $0 | $0 |
Gross amount from sales of assets other than inventory | $0 | $0 | $0 |
Less: cost or other basis and sales expenses | $0 | $0 | $0 |
Net income or (loss) from special events and activities | $0 | $0 | $0 |
Gross revenue | $0 | $0 | $0 |
Less: direct expenses other than fundraising expenses | $0 | $0 | $0 |
Gross profit or (loss) from sales of inventory | $0 | $0 | $0 |
Gross sales of inventory, less returns and allowances | $0 | $0 | $0 |
Less: cost of goods sold | $0 | $0 | $0 |
Other revenue | $0 | $2,698 | $1,634 |
Total expenses | $5,384 | $412,382 | $1,645 |
Grants and similar amounts paid | $0 | $408,439 | $0 |
Benefits paid to or for members | $0 | $0 | $0 |
Salaries, other compensation, and employee benefits | $0 | $0 | $0 |
Professional fees and other payments to independent contractors | $0 | $846 | $1,289 |
Occupancy, rent, utilities, and maintenance | $0 | $0 | $0 |
Printing, publications, postage, and shipping | $0 | $1,676 | $0 |
Other expenses | $0 | $1,421 | $356 |
Net assets or fund balances at end of year | $530,829 | $149,443 | $182,274 |
Excess or (deficit) for the year | $271,187 | $-381,386 | $32,898 |
Net assets or fund balances at beginning of year | $259,642 | $530,829 | $149,376 |
Other changes in net assets or fund balances | $0 | $0 | $0 |
Balance Sheets |
| 2002 | 2003 | 2005 |
Total assets | $530,829 | $149,443 | $182,274 |
Cash, savings, and investments | $0 | $149,443 | $182,274 |
Land and buildings | $0 | $0 | $0 |
Other assets | $0 | $0 | $0 |
Total liabilities | $0 | $0 | $0 |
Net assets or fund balances | $530,829 | $149,443 | $182,274 |
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005) |
Compensation | Contributions to employee benefit plans & deferred compensation | Expense account and other allowances |
$0 | $0 | $0 |
$0 | $0 | $0 |
$0 | $0 | $0 |
$0 | $0 | $0 |
$0 | $0 | $0 |
Total number of other employees paid over $50,000 | 0 |
Statements About Activities (for 2005) |
Expenses paid or incurred in connection with the lobbying activities | $0 |
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures? | |
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services? | |
Did the organization maintain any donor advised funds? | |
Did the organization make any taxable distributions under section 4966? | |
Did the organization make a distribution to a donor, donor advisor, or related person? | |
The total number of donor advised funds owned at the end of the tax year | |
The aggregate value of assets held in all donor advised funds owned at the end of the tax year | |
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts | |
The aggregate value of assets held in all funds or accounts included above at the end of the tax year | |
Reason for Non-Private Foundation Status |
The organization is not a private foundation because it is | Not controlled by disqualified persons/supports non private foundation |
Support Schedule |
| 2001 | 2002 | 2004 |
Total | $0 | $0 | $0 |
Gifts, grants, and contributions received | $0 | $0 | $0 |
Membership fees received | $0 | $0 | $0 |
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose | $0 | $0 | $0 |
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975 | $0 | $0 | $0 |
Net income from unrelated business activities not included above | $0 | $0 | $0 |
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf | $0 | $0 | $0 |
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge | $0 | $0 | $0 |
Other income | $0 | $0 | $0 |
Lobbying Expenditures by Electing Public Charities (for 2005) |
Total exempt purpose expenditures | $0 |
Total lobbying expenditures | $0 |
Total lobbying expenditures to influence public opinion (grassroots lobbying) | $0 |
Total lobbying expenditures to influence a legislative body (direct lobbying) | $0 |
Other exempt purpose expenditures | $0 |
Lobbying nontaxable amount | $0 |
Grassroots nontaxable amount | $0 |
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Organizations performing similar types of work |
Id | Name | Address | State | Established | Total Income |
1 | Quincy Park Foundation | 1231 Bonansinga Dr, Quincy, IL 62301-1762 | IL | 1998-12 | $153,460 |
2 | Alabama Recreation & Parks Assn Inc | PO BOX 230579, Montgomery, AL 36123-0579 | AL | 1980-12 | $208,406 |
3 | Recreation Advocates Inc | 514 East Beach Street, Watsonville, CA 95076 | CA | 1985-05 | $0 |
Number of organizations performing similar types of work |
| |
Total | 3 |
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