Park Center
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$10,222,839.00
Projected Expenses
$10,222,839.00
Organizational Budgets and Other Documents
| FY24 Budget | 2024 |
| FY 23 Budget | 2023 |
| PC FY 22 Budget | 2022 |
| Board Meeting Dates 2022 | 2022 |
| Strategic Plan | 2022 |
| Park Center Budget | 2021 |
| Park Center 2020 budget | 2020 |
| Park Center 2019 budget | 2019 |
| Park Center 2018 Budget | 2018 |
| Park Center 2017 Budget | 2017 |
| Park Center 2016 budget | 2016 |
| Park Center 2015 budget | 2015 |
| park center 2014 budget | 2014 |
| park center 2013 budget | 2013 |
| park center 2012 budget | 2012 |
| park center 2011 budget | 2011 |
| park center 2010 budget | 2010 |
| park center 2009 budget | 2009 |
| park center 2008 budget | 2008 |
| park center 2005 budget | 2005 |
| park center 2004 budget | 2004 |
IRS Letter of Exemption
| IRS Determination Letter (501c3) |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $21,739,362.00 | $6,545,143.00 | |
| Total Expenses | $7,996,114.00 | $6,342,697.00 | |
| Revenue Less Expenses | ($-0.00) | $13,743,248.00 | $202,446.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $4,640,994.00 | $3,883,594.00 | |
| Contributions, Gifts, and Grants | $347,458.00 | $958,233.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $16,542,736.00 | $1,606,230.00 | |
| Investment Income, Net of Losses | $77,476.00 | $58,607.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $108,027.00 | $38,149.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $22,671.00 | $330.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $6,586,910.00 | $5,025,524.00 | |
| Administration Expense | $1,181,730.00 | $1,132,246.00 | |
| Fundraising Expense | $227,474.00 | $184,927.00 | |
| Total Revenue/Total Expenses | 272% | 103% | |
| Program Expense/Total Expenses | 82% | 79% | |
| Fundraising Expense/Contributed Revenue | 3% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $16,542,736.00 | Government Grants $3,883,594.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $4,640,994.00 | Program Revenue $1,606,230.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $347,458.00 | Interest Income $58,607.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $31,811,535.00 | $18,291,501.00 | |
| Current Assets | $2,463,146.00 | $7,127,480.00 | |
| Long-Term Liabilities | $69,225.00 | $81,128.00 | |
| Current Liabilities | $455,311.00 | $464,592.00 | |
| Total Net Assets | $31,286,999.00 | $17,745,781.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$10,000,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
| PC Audit FY 22 | 2022 |
| PC Audit FY 2021 | 2021 |
| Audit Document 2020 | 2020 |
| Park Center Audit 2019 | 2019 |
| Park Center Audit 2018 | 2018 |
| Park Center Audit 2017 | 2017 |
| Park Center Audit 2016 | 2016 |
| Park Center audit 2015 | 2015 |
| Park Center audit 2014 | 2014 |
| Park Center 2013 audit | 2013 |
| Park Center 2012 Audit | 2012 |
| Park Center 2011 Audit | 2011 |
| Park Center 2010 Audit | 2010 |
| park center 2009 audit | 2009 |
| park center 2008 audit | 2008 |
| park center 2007 audit | 2007 |
| park center 2006 audit | 2006 |
| park center 2005 audit | 2005 |
| park center 2004 audit | 2004 |
Foundation Staff Comments
| Financial figures taken from 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents completed by Cherry Bekaert Advisory LLC. Comments provided by Nicole Rose 07/21/2023. |
