Foundation Park Conservancy FY2021 filing

Mount Vernon, OH · Public charity (501(c)(3)) · Recreation & Sports

✓ Tax-deductible Latest data FY2021
Revenue
$299K
▲ +58% vs prior year
Spent
$161K
To programs
72%
Net assets
$614K
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
3 funders, incl. The Ariel Foundation
$80K in the latest grant year.
Spent on programs?
72% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +58% vs prior year
Legal name (IRS)Hdr · item CFoundation Park Conservancy
EINHdr · item D26-4646309
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2009
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMount Vernon, OH
NTEE classificationIRS BMFRecreation & Sports (N32)
WebsiteHdr · item Jarielfoundationpark.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$117K
Management & general28%$45K
Total functional expensesLn 25$161K

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$299K
FY2021▲ +58%
Expenses
$161K
FY2021▲ +1%
Program efficiency
72%
of spending reaches programs
Operating runway
5.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+46%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$945K
FY2021▲ +51%
Total liabilities
$330K
FY2021▲ +124%
Revenue less expensesPt I · Ln 19$138K
Total assetsPt X · Ln 16$945K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$945K
Total liabilitiesLn 26$330K
Total net assetsLn 32$614K
Months of cash on handcomputed5.9

Statement of Revenue

Part VIII
Contributions & grants$159K · 53%
Other revenue$140K · 47%
Contributions & grants53%$159K
Other revenue47%$140K
— government grantsLn 1e$35K
Total revenueLn 12$299K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $161K
5.9 months
Where the money goes
Program services
Program services $117K · Total expenses $161K
72%
Management & General
Management & general $45K · Total expenses $161K
28%
Fundraising
Fundraising $0 · Total expenses $161K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $102K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $159K · Total revenue $299K
53%
Government reliance
Government grants $35K · Total revenue $299K
12%
Earned-income share
Program service revenue $0 · Total revenue $299K
0%
Investment reliance
Investment income $0 · Total revenue $299K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $161K
0%
Growth & trend
Revenue growth (YoY)
This year $299K · Prior year $189K
+58%
Net-asset trend (YoY)
End of year $614K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $299K · Expenses $161K
+46%
Liabilities-to-Assets
Total liabilities — · Total assets $945K
—
Net-asset ratio
Net assets $614K · Total assets $945K
65%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $945K
0%
People & payroll
Highest Reported Total Compensation
Individual Mark K Fritz · Reported title Executive Dir. · Highest reported compensation $65K · Total expenses $161K
40%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $78K · Total expenses $161K
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 28%——
Fundraising cost ratio 0%——
Revenue growth 58%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$65,000Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Mark Fritz’s $41K as Former Exec Dir is at the 54th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022FY2021
Mark K Fritz—$44,214$65,000
Mark Fritz$41,448——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Foundation Park Conservancy executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
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

Mission and programs

Develop and promote Ariel-Foundation Park for economic stability and community programs.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $117K of program spending, described in the organization's own filed words · FY2021.
01

Community benefit activities included caring for 250 acres of revitalized greenspace and promoting outdoor recreation; hosting eight concerts including one in celebration of July 4th; installing a new sound system in the event center; partnering with local visitors bureau to host a Bike Knox event; coordinating a summer fitness program…

$117Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$80K
See all 3 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $278K$424K-57% 990 PDF
FY2023 $646K$266K+86% 990 PDF
FY2022 $347K$289K+16% 990 PDF
FY2021 Viewing $299K$161K+58% 990 PDF
FY2020 $189K$160K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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