Somerset County Park Foundation EIN 22-2562113

Somerset County Park Foundation

EIN  22-2562113 Public charity (501(c)(3)) North Branch, NJ Founded 1984
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Somerset County Park Foundation claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Fundraises and advocates to preserve and promote county park programs, facilities, and open space.
Leadership
John Kitchen · Chairman
Money in and out
$288K revenue, $216K expenses
Bottom line
75% program efficiency

Fundraises and advocates to preserve and promote county park programs, facilities, and open space. For fiscal year 2025 it reported $288K in revenue, $216K in expenses, and $778K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$778K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $72K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.06 Fundraising $0.19
Program efficiency
75%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
43.7mo
months of highly liquid reserves at operating expense rate▼ -1% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▼ -16% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$288K
FY2025▲ +4%
Expenses
$216K
FY2025▲ +12%
Total assets
$786K
FY2025▲ +11%
Total liabilities
$7K
FY2025▲ +81%
Total revenue
$288K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$778K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$72K
Total assetsPt X · Ln 16$786K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

1 program service account for $163K of program spending, described in the organization's own filed words · FY2025.
01

Funds are used to sponsor, underwrite, support, and promote Somerset County Park Commission park activities, and expansion of programs, improvement of facilities, and capital expenditures to enhance access to active and passive recreation opportunities.

$163Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSomerset County Park Foundation
EINHdr · item D22-2562113
Principal addressHdr · item CNorth Branch, NJ
WebsiteHdr · item Jsomersetcountyparks.org/scpf
Year of formationHdr · item L1984
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFApr 1985

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Somerset County Park Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$205K · 71%
Other revenue$59K · 20%
Investment income$24K · 8%
Contributions & grants71%$205K
Other revenue20%$59K
Investment income8%$24K
Total revenueLn 12$288K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.06 Fundraising $0.19
Program services75%$163K
Management & general6%$13K
Fundraising19%$40K
Total functional expensesLn 25$216K

Balance Sheet

Part X · end of year
CashLn 1$786K
Total assetsLn 16$786K
Total liabilitiesLn 26$7K
Total net assetsLn 32$778K
Months of cash on handcomputed43.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $786K · Operating expenses/yr $216K
43.7 months
Where the money goes
Program services
Program services $163K · Total expenses $216K
75%
Management & General
Management & general $13K · Total expenses $216K
6%
Fundraising
Fundraising $40K · Total expenses $216K
19%
Cost to raise $1
Fundraising expense (3-yr avg) $40K · Solicited contributions (3-yr avg) $187K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $205K · Total revenue $288K
71%
Government reliance
Government grants — · Total revenue $288K
Earned-income share
Program service revenue $0 · Total revenue $288K
0%
Investment reliance
Investment income $24K · Total revenue $288K
+8%
Program self-sufficiency
Program service revenue $0 · Total expenses $216K
0%
Growth & trend
Revenue growth (YoY)
This year $288K · Prior year $276K
+4%
Revenue CAGR
FY2020 $152K · FY2025 $288K
+14%
Net-asset trend (YoY)
End of year $778K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $288K · Expenses $216K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $786K
Net-asset ratio
Net assets $778K · Total assets $786K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $786K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John Kitchen · Reported title Chairman · Highest reported compensation $0 · Total expenses $216K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $216K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 6%
Fundraising cost ratio 20%
Revenue growth 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$163K
Grants paid · 7 grants · $917K · 2020–2025
Somerset County Parks CommissionFY2024$141,165
Somerset County Parks CommissionFY2023$87,102
Somerset County Parks CommissionFY2022$199,188
Somerset County Parks CommissionFY2021$170,329
Somerset County Parks CommissionFY2020$150,968
Unitemized GrantFY2020$5,997

Similar Organizations

Closest in mission — by what they do
See all organizations like Somerset County Park Foundation →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$288K revenue · viewing · ⤓ 990 PDF
FY2024$276K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$240K revenue · ⤓ 990 PDF
FY2021$215K revenue · ⤓ 990 PDF
FY2020$152K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.