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Nonprofiteer
← MOORINGS PARK FOUNDATION INC

Form 990 for tax year 2025

Filed by MOORINGS PARK FOUNDATION INC.

Totals

Total revenue
$4,066,810
Total expenses
$3,490,572
Contributions and grants received
$3,803,927
Grants paid
$3,012,604
Program service revenue
$0
Investment income
$325,072
Other revenue
-$62,189
Total assets, end of year
$9,500,815
Total liabilities, end of year
$226,842
Net assets or fund balances, end of year
$9,273,973
Program services expenses (Part IX)
$3,118,410
Management and general expenses
$27,498
Fundraising expenses
$344,664
Program service expenses (Part III)
$3,118,410

Program services were 89.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,559,256

  • 1f · All other contributions, gifts and grants

    $2,244,671

  • 1g · Noncash contributions included above

    $372,302

  • 3 · Investment income

    total $324,270 · excluded $324,270

  • 7a · Gross sales of assets other than inventory

    securities $967,116

  • 7b · Less cost or other basis and sales expenses

    securities $966,314

  • 7c · Gain or loss

    securities $802

  • 7d · Net gain or loss

    total $802 · excluded $802

  • 8a · Fundraising events: gross income

    $8,425

  • 8a · Fundraising events: contributions included on line 1c

    $1,559,256

  • 8b · Fundraising events: direct expenses

    $70,614

  • 8c · Net income from fundraising events

    total -$62,189 · excluded -$62,189

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,754,851 · program services $2,754,851

  • 2 · Grants to domestic individuals

    total $257,753 · program services $257,753

  • 7 · Other salaries and wages

    total $240,279 · fundraising $240,279

  • 8 · Pension plan contributions

    total $13,092 · fundraising $13,092

  • 9 · Other employee benefits

    total $38,325 · fundraising $38,325

  • 10 · Payroll taxes

    total $17,609 · fundraising $17,609

  • 11f · Fees: investment management

    total $22,498 · management and general $22,498

  • 11g · Fees: other

    total $27,200 · program services $27,200

  • 12 · Advertising and promotion

    total $35,359 · fundraising $35,359

  • 14 · Information technology

    total $11,231 · program services $11,231

  • 19 · Conferences, conventions and meetings

    total $172 · program services $172

  • 24a · Other expenses: ANCILLARY EXPENSES

    total $67,203 · program services $67,203

  • 24b · Other expenses: PROV. FOR CREDIT LOSSES

    total $5,000 · management and general $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,379,095 · end of year $886,096

  • 3 · Pledges and grants receivable

    beginning of year $430,750 · end of year $799,771

  • 7 · Other notes and loans receivable

    beginning of year $16,846 · end of year $12,846

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,264 · end of year $23,404

  • 11 · Investments: publicly traded securities

    beginning of year $6,480,978 · end of year $7,778,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,208 · end of year $16,043

  • 25 · Other liabilities

    beginning of year $103,472 · end of year $210,799

  • 27 · Net assets without donor restrictions

    beginning of year $5,023,927 · end of year $5,493,630

  • 28 · Net assets with donor restrictions

    beginning of year $3,169,326 · end of year $3,780,343

Mission and programs · 2025

Mission

TO CREATE A CULTURE OF PHILANTHROPY THAT PROVIDES OPPORTUNITIES TO BENEFIT THE RESIDENTS OF MOORINGS PARK, ITS EMPLOYEES, AND THE GREATER COMMUNITY.

  • TO CREATE A CULTURE OF PHILANTHROPY THAT PROVIDES OPPORTUNITIES TO BENEFIT THE RESIDENTS OF MOORINGS PARK, ITS EMPLOYEES, AND THE GREATER COMMUNITY.

    Expenses $3,118,410 · Grants $3,012,604 · Revenue $4,066,810

As filed on the 2025 return.

Listed in Part VII

  • Daniel J Lavender

    PRESIDENT/CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,080,137
    From this org
    $0
    From related orgs
    $1,045,142
    Other
    $34,995
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,573 related
    Bonus
    $0 + $67,470 related
    Other
    $0 + $384,099 related
    Deferred
    $0 + $21,000 related
    Nontaxable benefits
    $0 + $13,995 related
    Filer's total
    $0 + $1,080,137 related

  • Mary Morton CPA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $454,211
    From this org
    $0
    From related orgs
    $420,060
    Other
    $34,151
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $339,284 related
    Bonus
    $0 + $65,739 related
    Other
    $0 + $15,037 related
    Deferred
    $0 + $20,156 related
    Nontaxable benefits
    $0 + $13,995 related
    Filer's total
    $0 + $454,211 related

  • Katy Kurili

    CHIEF OPERATING OFFICER

    Total calculated
    $412,444
    From this org
    $0
    From related orgs
    $380,523
    Other
    $31,921
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $329,830 related
    Bonus
    $0 + $32,059 related
    Other
    $0 + $18,634 related
    Deferred
    $0 + $17,926 related
    Nontaxable benefits
    $0 + $13,995 related
    Filer's total
    $0 + $412,444 related

  • David Rutstein

    CHAIR (THRU 6.30.25)

    Total calculated
    $0
    Hours/week
    2

  • Robert Rankin

    CHAIR (AS OF 7.1.25)

    Total calculated
    $0
    Hours/week
    2

  • Eileen Connoly-Keesler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • John Risk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Schneider

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Vitkus

    DIRECTOR (THRU 9.30.25)

    Total calculated
    $0
    Hours/week
    2

  • Guy Wiebking

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sandra Figge

    DIRECTOR (AS OF 7.1.25)

    Total calculated
    $0
    Hours/week
    2

  • John Rakoske

    DIRECTOR (AS OF 7.1.25)

    Total calculated
    $0
    Hours/week
    2

  • Gail Webster-Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE ORGANIZATION MAINTAINS A NONQUALIFIED DEFERRED COMPENSATION PLAN ESTABLISHED UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR ITS CHIEF EXECUTIVE OFFICER, TO WHICH THE ORGANIZATION MAKES CONTRIBUTIONS. DURING THE YEAR ENDED DECEMBER 31, 2025, THE ORGANIZATION CONTRIBUTED $100,000 TO THE PLAN.
PART I, LINE 3
THE ORGANIZATION MAINTAINS A WRITTEN COMPENSATION PHILOSOPHY FOR ALL EMPLOYEES, INCLUDING TOP MANAGEMENT OFFICIALS, THAT ADDRESSES ALL ELEMENTS OF COMPENSATION, INCLUDING MERIT BONUSES. THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE, WHICH IS INDEPENDENT WITH RESPECT TO ALL COMPENSATION DECISIONS, IS CHARGED WITH MANAGING THE PROCESS AND REPORTING TO THE BOARD. THE CHAIR OF THE BOARD IS RESPONSIBLE FOR CONDUCTING THE ANNUAL PERFORMANCE REVIEW OF THE CEO AND THE CEO IS RESPONSIBLE FOR CONDUCTING THE ANNUAL PERFORMANCE REVIEWS OF ALL OTHER TOP MANAGEMENT OFFICIALS. A MERIT BONUS FOR CERTAIN MANAGEMENT MAY BE APPROVED BASED ON PERFORMANCE CRITERIA AND GOALS. THE COMPENSATION OF EACH OF THE TOP MANAGEMENT OFFICIALS IS REVIEWED BY THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE USING COMPARATIVE DATA. IN ADDITION, DURING 2025, THE MANAGEMENT DEVELOPMENT & COMPENSATION COMMITTEE RECEIVED A REPORT FROM AN INDEPENDENT COMPENSATION CONSULTANT REGARDING EXECUTIVE COMPENSATION.
PART II, (B)(III):
INCLUDES VESTED AMOUNTS OF CONTRIBUTIONS PREVIOUSLY MADE TO A 457(B) PLAN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
23 July 2026
IRS schema version
2025v4.2
Source object
202642049349301369

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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