Park Springs Foundation: Nonprofit Profile, Financials & Form 990 (EIN 20-8710411)

Revenue by fiscal year
FY2020	$256K
FY2021	$106K
FY2022	$95K
FY2023	$112K
FY2024	$212K

Expenses by fiscal year
FY2020	$65K
FY2021	$88K
FY2022	$53K
FY2023	$86K
FY2024	$173K

Net assets by fiscal year
FY2020	$432K
FY2021	$477K
FY2022	$459K
FY2023	$504K
FY2024	$483K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $171K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Roger Molzahn

Treasurer

$0Pt VII · Sec A

Marilyn Hammond

Vice Preside

$0Pt VII · Sec A

James Stark

President

$0Pt VII · Sec A

Maureen Gordon

Secretary

$0Pt VII · Sec A

Kaye Nazarian

Donor Corres

$0Pt VII · Sec A

See Park Springs Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports employees and members with educational scholarships and special needs assistance.

Questions for Park Springs Foundation

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1 program · $171K · in their own filed words · FY2024

01

The park springs foundation encourages park springs senior living employees, their spouses and their children and dependent grandchildren to further their education and to offer financial assistance to that end. In 2024, we awarded scholarships to 52 students, a 33% increase in students VS 2023.

$171Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Adelphia Foundation INCFY2024$10K

Fidelity Investments Charitable Gift FundFY2024$10K

The Jim & Marlene Greene FoundationFY2024$150

Total grants receivedfrom 3 funders$20K

See all 3 funders →

Grants paid · 10 grants · $443K · 2020–2024

Unitemized GrantFY2024$153,528

Unitemized GrantFY2024$8,900

Unitemized GrantFY2023$73,793

Unitemized GrantFY2023$7,019

Unitemized GrantFY2022$46,494

Unitemized GrantFY2022$3,953

Unitemized GrantFY2021$80,659

Unitemized GrantFY2021$4,595

Unitemized GrantFY2020$57,075

Unitemized GrantFY2020$7,005

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$212K

Ln 12

Gifts and grantsLn 1h$174K

Investment incomeLn 3$38K

Money outPt IX

$173K

Ln 25

Programscol B$171K

Managementcol C$2K

Owns and owesPt X

$483K

net assets · Ln 32

Cash and savingsLn 1–2$104K

Total assetsLn 16$483K

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$174K

Investment incomeLn 3$38K

Gains on assetsLn 7$25K

Total revenueLn 12$212K

Assets in detailPt X, end of year

SavingsLn 2$104K

Cash and savings togetherLn 1–2$104K

InvestmentsLn 11–13$370K

Total assetsLn 16$483K

LiabilitiesLn 26$0

Net assetsLn 32$483K

OperationsPt I, VI

EmployeesI 50

VolunteersI 610

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$82K	$104K
InvestmentsLn 11–13	$422K	$370K
Total assetsLn 16	$504K	$483K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$504K	$483K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$162K	$162K
Accounting feesLn 11c	$1K		$1K
Advertising and promotionLn 12	$3K	$3K
Office expensesLn 13	$3K	$3K
InterestLn 20	$87		$87
Depreciation, depletion and amortizationLn 22	$313	$313
InsuranceLn 23	$740		$740
Other expenses (24a–d)Ln 24	$2K	$1K	$30
Total functional expensesLn 25	$173K	$171K	$2K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Aug 25, 2025	$212K	$173K	$40K	$483K	990 PDF
FY2023Filed with the IRS Jun 17, 2024	$112K	$86K	$27K	$504K	990 PDF
FY2022Filed with the IRS Jun 29, 2023	$95K	$53K	$42K	$459K	990 PDF
FY2021Filed with the IRS May 9, 2022	$106K	$88K	$18K	$477K	990 PDF
FY2020Filed with the IRS Nov 12, 2021	$256K	$65K	$190K	$432K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2024 990 (6 parts)

Part I · Summary $212,474 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $94,446$174,237

I-9 Program service revenue$0

I-10 Investment incomePrior year $17,797$38,237

I-11 Other revenue$0

I-12 Total revenuePrior year $112,243$212,474

I-13 Grants and similar amounts paidPrior year $80,812$162,428

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $4,773$10,247

I-18 Total expensesPrior year $85,585$172,675

I-19 Revenue less expensesPrior year $26,658$39,799

Part VI · Governance 12 of 12 board members independent, 1 to look at

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $212,474 across 5 lines filed

VIII-1f All other contributions, gifts and grants$174,237

VIII-1h Total contributions, gifts and grants$174,237

VIII-3 Investment incomeExcluded from tax $13,552$13,552

VIII-7 Net gain or loss on sales of assetsRelated to mission $4,494 · Excluded from tax $20,191$24,685

VIII-12 Total revenueRelated to mission $4,494 · Excluded from tax $33,743$212,474

Part IX · Statement of functional expenses $172,675 across 8 lines filed

IX-2 Grants to domestic individualsPrograms $162,428$162,428

IX-11c Accounting feesManagement $1,075$1,075

IX-12 Advertising and promotionPrograms $3,060$3,060

IX-13 Office expensesPrograms $3,466$3,466

IX-20 InterestManagement $87$87

IX-22 Depreciation, depletion and amortizationPrograms $313$313

IX-23 InsuranceManagement $740$740

IX-24 Other expenses (24a–d)Programs $1,476 · Management $30$1,506

IX-25 Total functional expensesPrograms $170,743 · Management $1,932 · Fundraising $0$172,675

Part X · Balance sheet $483,042 assets, 8 lines filed

X-2 Savings and temporary cash investmentsStart of year $82,025$104,359

X-11 Publicly traded securitiesStart of year $421,850$369,621

X-14 Intangible assets$9,062

X-16 Total assetsStart of year $503,875$483,042

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $503,875$483,042

X-32 Total net assets or fund balancesStart of year $503,875$483,042

X-33 Total liabilities and net assetsStart of year $503,875$483,042

Part XI · Reconciliation of net assets $483,042 net assets at year end

XI-1 Total revenue$212,474

XI-2 Total expenses$172,675

XI-3 Revenue less expenses$39,799

XI-4 Net assets at start of year$503,875

XI-5 Net unrealized gains (losses) on investments−$60,632

XI-10 Net assets at end of year$483,042

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Park Springs Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Park Springs Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV