Forest Park Foundation FY2019 filing

Tax-deductible

Crystal Falls, MI501(c)(3)Since 2017EducationEIN 35-2578306Revenue $299K in FY2019

On file with the IRSforestparkfoundation.org801 Forest Pkwy, 49920-1133 · Crystal Falls, MITax-exempt since Jul 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Receive and invest scholarship funds, distribute scholarship dividends to Forest Park graduates that have applied and have been awarded scholarships according to the guidelines of each individual scholarship.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2019 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
7 of 7
filings with a surplus
Average surplus $146K a year · 90% of revenue · last 7 filings
Looks good: a surplus in 7 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
56 mo
of spending, in cash
Looks good: 56.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
Spent
$3K
To programs
86%
Net assets
$519K
By yearFY2019–FY2025
Revenue
$299K
FY2019
Tap a bar for its year
Revenue by fiscal year
FY2019$299K
FY2020$126K
FY2021$85K
FY2022$387K
FY2023$129K
FY2024$42K
FY2025$69K
Expenses
$3K
FY2019
Tap a bar for its year
Expenses by fiscal year
FY2019$3K
FY2020$10K
FY2021$15K
FY2022$13K
FY2023$13K
FY2024$41K
FY2025$23K
Net assets
$519K
FY2019
Tap a bar for its year
Net assets by fiscal year
FY2019$519K
FY2020$766K
FY2021$1.0M
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.4M

From the FY2019 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2017.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2K Management & general 14% · $395

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Forest Park Foundation executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds scholarships and grants for individuals and school groups.

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Provided by the organization

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1 program · $2K · in their own filed words · FY2019
01

The forest park foundation has grown in value from $14,000 to $520,000 over the past four years. The organization gave out $2,500 in scholarships in 2019.

$2Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $105K · 2020–2025
Unitemized GrantFY2025$22,149
Unitemized GrantFY2024$40,697
Unitemized GrantFY2023$10,235
Unitemized GrantFY2022$7,500
Unitemized GrantFY2021$14,960
Unitemized GrantFY2020$9,510

By the numbers

The FY2019 990, line by line.

1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$292K
Investment incomeLn 3$8K
Money outPt IX
$3K
Ln 25
Programscol B$2K
Managementcol C$395
Owns and owesPt X
$519K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$519K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$292K
Noncash giftsLn 1g$178K
Investment incomeLn 3$8K
Total revenueLn 12$299K
Assets in detailPt X, end of year
SavingsLn 2$14K
Cash and savings togetherLn 1–2$14K
InvestmentsLn 11–13$506K
Total assetsLn 16$519K
LiabilitiesLn 26$0
Net assetsLn 32$519K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY19End FY19
Cash and savingsLn 1–2$5K$14K
InvestmentsLn 11–13$152K$506K
Total assetsLn 16$157K$519K
LiabilitiesLn 26$0$0
Net assetsLn 32$157K$519K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Accounting feesLn 11c$395$395
Total functional expensesLn 25$3K$2K$395$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $69K$23K$46K$1.4M 990 PDF
FY2024 $42K$41K$683$1.2M 990 PDF
FY2023 $129K$13K$117K$1.1M 990 PDF
FY2022 $387K$13K$374K$1.0M 990 PDF
FY2021 $85K$15K$70K$1.0M 990 PDF
FY2020 $126K$10K$117K$766K 990 PDF
FY2019 Viewing $299K$3K$297K$519K 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
See the full FY2019 990 (6 parts)
Part I · Summary $299,468 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,246$291,841
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,072$7,627
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $64,318$299,468
I-13 Grants and similar amounts paidPrior year $0$2,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,484$395
I-18 Total expensesPrior year $9,484$2,895
I-19 Revenue less expensesPrior year $54,834$296,573
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $299,468 across 5 lines filed
VIII-1f All other contributions, gifts and grants$291,841
VIII-1g Noncash contributions (included above)$177,768
VIII-1h Total contributions, gifts and grants$291,841
VIII-3 Investment incomeExcluded from tax $7,627$7,627
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,627$299,468
Part IX · Statement of functional expenses $2,895 across 2 lines filed
IX-2 Grants to domestic individualsPrograms $2,500$2,500
IX-11c Accounting feesManagement $395$395
IX-25 Total functional expensesPrograms $2,500 · Management $395 · Fundraising $0$2,895
Part X · Balance sheet $519,303 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,818$13,640
X-11 Publicly traded securitiesStart of year $151,890$505,663
X-16 Total assetsStart of year $156,708$519,303
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $156,708$519,303
X-32 Total net assets or fund balancesStart of year $156,708$519,303
X-33 Total liabilities and net assetsStart of year $156,708$519,303
Part XI · Reconciliation of net assets $519,303 net assets at year end
XI-1 Total revenue$299,468
XI-2 Total expenses$2,895
XI-3 Revenue less expenses$296,573
XI-4 Net assets at start of year$156,708
XI-5 Net unrealized gains (losses) on investments$66,022
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$519,303

Form 990 e-file (XML) FY2019 from the IRS · Classification, formation year and address from the IRS Business Master File

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