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Park Foundation INC FY2020 filing

Tax-deductible

Little Rock, AR501(c)(3)Human Services EIN 58-2139088Revenue $2.1M in FY2020

On file with the IRS6915 Geyer Springs Rd, 72209-2727 · Little Rock, ARTax-exempt since Jan 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Established to solicit funds and support for Positive Atmosphere Reaches Kids, Inc. P.A.R.K., Inc. another 501c3 tax extempt organization. Donations received will be submitted to P.A.R.K., Inc. as requested.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $833K a year · 38% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Plus $15.3M in investments, Pt X · Ln 11–13
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
Spent
$1.1M
To programs
91%
Net assets
$17.1M
By yearFY2020–FY2024
Revenue
$2.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$2.4M
FY2023$1.9M
FY2024$2.3M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.7M
FY2023$1.6M
FY2024$1.5M
Net assets
$17.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$17.1M
FY2021$19.4M
FY2022$18.0M
FY2023$19.5M
FY2024$21.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1995.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $961K Management & general 4% · $39K Fundraising 6% · $61K

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

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeff Fox
Director
$0Pt VII · Sec A
Jay Heflin
Director
$0Pt VII · Sec A
Chris Ligon
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ty Warren
Director
$0Pt VII · Sec A
See Park Foundation INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises money and support for a children's organization.

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Provided by the organization

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1 program · $961K · in their own filed words · FY2020
01

The organization was established to solicit funds and support for positive atmosphere reaches kids, inc. ("P.A.R.K., inc.") another 501(c)(3) tax exempt organization. Donations received will be submitted to P.A.R.K., inc. As requested.

$961Kprogram 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 · FY2025
Riggs Employee's FundFY2025$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 5 grants · $6.2M · 2020–2024
Park INCAR · FY2024$1,404,765
Park INCAR · FY2023$1,347,729
Park INCAR · FY2022$1,483,048
Park INCAR · FY2021$1,032,103
Park INCAR · FY2020$961,427

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.1M
Ln 12
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$767K
Money outPt IX
$1.1M
Ln 25
Programscol B$961K
Managementcol C$39K
Fundraisingcol D$61K
Owns and owesPt X
$17.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$17.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Investment incomeLn 3$767K
Gains on assetsLn 7$315K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$15.3M
Total assetsLn 16$17.1M
LiabilitiesLn 26$0
Net assetsLn 32$17.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$897K$1.1M
InvestmentsLn 11–13$14.1M$15.3M
Total assetsLn 16$15.6M$17.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$15.6M$17.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$961K$961K
Investment management feesLn 11f$39K$39K
Other fees for servicesLn 11g$61K$61K
Total functional expensesLn 25$1.1M$961K$39K$61K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.3M$1.5M$819K$21.4M 990 PDF
FY2023 $1.9M$1.6M$362K$19.5M 990 PDF
FY2022 $2.4M$1.7M$765K$18.0M 990 PDF
FY2021 $2.3M$1.1M$1.2M$19.4M 990 PDF
FY2020 Viewing $2.1M$1.1M$1.0M$17.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,083,755 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,287,678$1,316,890
I-9 Program service revenue$0
I-10 Investment incomePrior year $452,369$766,865
I-11 Other revenue$0
I-12 Total revenuePrior year $1,740,047$2,083,755
I-13 Grants and similar amounts paidPrior year $1,198,024$961,427
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $92,263$100,240
I-18 Total expensesPrior year $1,290,287$1,061,667
I-19 Revenue less expensesPrior year $449,760$1,022,088
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,083,755 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,316,890
VIII-1h Total contributions, gifts and grants$1,316,890
VIII-3 Investment incomeExcluded from tax $451,730$451,730
VIII-7 Net gain or loss on sales of assetsExcluded from tax $315,135$315,135
VIII-12 Total revenueExcluded from tax $766,865$2,083,755
Part IX · Statement of functional expenses $1,061,667 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $961,427$961,427
IX-11f Investment management feesManagement $39,242$39,242
IX-11g Other fees for servicesFundraising $60,998$60,998
IX-25 Total functional expensesPrograms $961,427 · Management $39,242 · Fundraising $60,998$1,061,667
Part X · Balance sheet $17,060,905 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $897,446$1,140,707
X-3 Pledges and grants receivableStart of year $547,133$665,401
X-11 Publicly traded securitiesStart of year $14,128,883$15,254,797
X-16 Total assetsStart of year $15,573,462$17,060,905
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $3,409,292$4,580,991
X-28 Net assets with donor restrictionsStart of year $12,164,170$12,479,914
X-32 Total net assets or fund balancesStart of year $15,573,462$17,060,905
X-33 Total liabilities and net assetsStart of year $15,573,462$17,060,905
Part XI · Reconciliation of net assets $17,060,905 net assets at year end
XI-1 Total revenue$2,083,755
XI-2 Total expenses$1,061,667
XI-3 Revenue less expenses$1,022,088
XI-4 Net assets at start of year$15,573,462
XI-5 Net unrealized gains (losses) on investments$465,355
XI-10 Net assets at end of year$17,060,905

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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