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Nonprofiteer
← PIERCES PARK MANAGEMENT INC

Form 990 for tax year 2022

Filed by PIERCES PARK MANAGEMENT INC.

Totals

Total revenue
$53,437
Total expenses
$17,573
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$27,933
Other revenue
$25,504
Total assets, end of year
$2,426,183
Total liabilities, end of year
$18,269
Net assets or fund balances, end of year
$2,407,914
Program services expenses (Part IX)
$14,782
Management and general expenses
$1,991
Fundraising expenses
$800
Program service expenses (Part III)
$14,782

Program services were 84.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $8,710 · related or exempt $8,710 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $19,339 · other assets $0

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

    securities $116 · other assets $0

  • 7c · Gain or loss

    securities $19,223 · other assets $0

  • 7d · Net gain or loss

    total $19,223 · related or exempt $19,223 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $43,773

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

    $0

  • 8b · Fundraising events: direct expenses

    $18,269

  • 8c · Net income from fundraising events

    total $25,504 · unrelated business $0 · excluded $25,504

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $1,800 · management and general $1,800

  • 11f · Fees: investment management

    total $116 · management and general $116

  • 11g · Fees: other

    total $3,846 · program services $3,846 · fundraising $0

  • 12 · Advertising and promotion

    total $650 · program services $650

  • 13 · Office expenses

    total $800 · fundraising $800

  • 23 · Insurance

    total $10,286 · program services $10,286

  • 24e · All other expenses

    total $75 · management and general $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,147 · end of year $59,462

  • 10a · Land, buildings and equipment: cost or other basis

    $1,535,062

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,535,062 · end of year $1,535,062

  • 11 · Investments: publicly traded securities

    beginning of year $742,281 · end of year $831,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $18,269

  • 27 · Net assets without donor restrictions

    beginning of year $2,310,490 · end of year $2,407,914

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Pierce's Park Management, Inc. was formed to oversee construction, maintain, and operate a park in the City of Baltimore for the use and benefit of the general public.

Activities or mission (Part I)

Maintenance and operation of Pierce's Park located at Baltimore's Inner Harbor

  • Expenses are for the insurance and maintenance of the equipment at Pierce's Park. The park has several interactive sculptures, a tire swing, and a living willow tunnel that has inspired thousands of children. The park is open to the public. Waterfront Partnership also hosts an annual Pierce's Park Birthday Party.

    Expenses $14,782

As filed on the 2022 return.

Listed in Part VII

  • Ira Weinstein

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Susan Flanigan

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Pierce Flanigan IV

    Director

    Total calculated
    $0
    Hours/week
    1
  • Emily Flanigan Hiller

    Director

    Total calculated
    $0
    Hours/week
    1
  • Laurie B Schwartz

    Executive Director

    Total calculated
    $0
    Hours/week
    1 + 40 related

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.

Grants on this return

No itemized grants to organizations on this return.

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
2022
Filed
5 March 2024
IRS schema version
2022v5.0
Source object
202400659349300430

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