Friends of Mill Ridge Park
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$412,900.00
Projected Expenses
$387,035.00
Organizational Budgets and Other Documents
| Operating Budget | 2024 |
| Budget | 2023 |
| Budget | 2022 |
| Budget | 2021 |
| Budget | 2020 |
| Budget | 2019 |
| Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination | 2019 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,493,967.00 | $248,440.00 | $169,101.00 |
| Total Expenses | $1,163,119.00 | $273,875.00 | $184,327.00 |
| Revenue Less Expenses | $330,848.00 | ($25,435.00) | ($15,226.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $32,667.00 | $17,187.00 | $0.00 |
| Contributions, Gifts, and Grants | $1,438,861.00 | $225,105.00 | $169,081.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $2,200.00 | $6,000.00 | $0.00 |
| Investment Income, Net of Losses | $408.00 | $148.00 | $20.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $19,831.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $219,596.00 | $167,889.00 | $113,169.00 |
| Administration Expense | $95,567.00 | $82,934.00 | $53,884.00 |
| Fundraising Expense | $15,685.00 | $23,052.00 | $17,275.00 |
| Total Revenue/Total Expenses | 452% | 91% | 92% |
| Program Expense/Total Expenses | 66% | 61% | 61% |
| Fundraising Expense/Contributed Revenue | 5% | 8% | 9% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,438,861.00 | Contributions, Gifts, and Grants $225,105.00 | Contributions, Gifts, Grants $169,081.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $32,667.00 | Government Grants $17,187.00 | $0.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $19,831.00 | Program Revenue $6,000.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,302,639.00 | $131,552.00 | $173,832.00 |
| Current Assets | $159,350.00 | $131,552.00 | $173,832.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $17,187.00 |
| Current Liabilities | $2,316.00 | $2,316.00 | $0.00 |
| Total Net Assets | $1,300,323.00 | $129,236.00 | $156,645.00 |
Endowment Info
Do you have an endowment?
No
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 990 | 2023 |
| 990 | 2022 |
| Form 990 | 2021 |
| Form 990 | 2020 |
| Form 990 | 2019 |
| Form 990EZ | 2018 |
| Form 990N | 2017 |
Audit Documents
| Financial Compilation Report | 2022 |
| Financial Review | 2022 |
Foundation Staff Comments
| Starting in 2018, financial figures taken from the Form 990. Form 990 was prepared by Mullins, PC. Schedule B removed to protect donor privacy. In 2023, a large donation from a private foundation put them over $500k, so audit not required for 2023. Comments provided by Hayley Sulfridge 7/15/24. |
