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Nonprofiteer
← OAKS PARK ASSOCIATION

Form 990 for tax year 2022

Filed by OAKS PARK ASSOCIATION.

Totals

Total revenue
$9,565,630
Total expenses
$8,096,051
Contributions and grants received
$50
Grants paid
$24,405
Program service revenue
$9,205,107
Investment income
$45,608
Other revenue
$314,865
Total assets, end of year
$19,888,221
Total liabilities, end of year
$1,841,307
Net assets or fund balances, end of year
$18,046,914
Program services expenses (Part IX)
$6,275,858
Management and general expenses
$1,764,093
Fundraising expenses
$56,100
Program service expenses (Part III)
$6,275,858

Program services were 77.5% 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.

  • 1f · All other contributions, gifts and grants

    $50

  • 2a · Program service revenue: SALES AND ADMISSIONS

    total $8,991,379 · related or exempt $8,991,379

  • 2b · Program service revenue: PARK RENTAL

    total $213,728 · related or exempt $213,728

  • 3 · Investment income

    total $53,601 · excluded $53,601

  • 6a · Gross rents

    real property $191,771

  • 6b · Less rental expenses

    real property $3,283

  • 6c · Rental income or loss

    real property $188,488

  • 6d · Net rental income or loss

    total $188,488 · excluded $188,488

  • 7a · Gross sales of assets other than inventory

    securities $351,843 · other assets $1,866

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

    securities $361,702 · other assets $0

  • 7c · Gain or loss

    securities -$9,859 · other assets $1,866

  • 7d · Net gain or loss

    total -$7,993 · related or exempt $1,866 · excluded -$9,859

  • 10a · Gross sales of inventory

    $1,914,142

  • 10b · Cost of goods sold

    $1,787,765

  • 10c · Net income from sales of inventory

    total $126,377 · related or exempt $126,377

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $24,405 · program services $24,405

  • 5 · Compensation of officers, directors and key employees

    total $375,792 · management and general $375,792

  • 7 · Other salaries and wages

    total $3,269,434 · program services $3,063,432 · management and general $206,002

  • 8 · Pension plan contributions

    total $44,303 · program services $32,709 · management and general $11,594

  • 9 · Other employee benefits

    total $304,063 · program services $251,868 · management and general $52,195

  • 10 · Payroll taxes

    total $397,662 · program services $351,523 · management and general $46,139

  • 11e · Fees: professional fundraising services

    total $56,100 · fundraising $56,100

  • 11g · Fees: other

    total $162,651 · management and general $162,651

  • 12 · Advertising and promotion

    total $137,808 · program services $137,808

  • 13 · Office expenses

    total $77,045 · management and general $77,045

  • 14 · Information technology

    total $155,364 · management and general $155,364

  • 16 · Occupancy

    total $434,091 · management and general $434,091

  • 17 · Travel

    total $50,426 · program services $15,031 · management and general $35,395

  • 20 · Interest

    total $38,531 · program services $38,531

  • 22 · Depreciation, depletion and amortization

    total $1,363,957 · program services $1,296,097 · management and general $67,860

  • 23 · Insurance

    total $489,725 · program services $452,601 · management and general $37,124

  • 24a · Other expenses: IMPAIRMENT OF FIXED ASS

    total $260,321 · program services $260,321

  • 24b · Other expenses: BANK AND CREDIT CARD FE

    total $241,270 · program services $241,270

  • 24c · Other expenses: MISCELLANEOUS

    total $66,139 · management and general $66,139

  • 24d · Other expenses: MAINTENANCE

    total $55,534 · program services $55,534

  • 24e · All other expenses

    total $91,430 · program services $54,728 · management and general $36,702

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $376,272 · end of year $240,545

  • 2 · Savings and temporary cash investments

    beginning of year $3,352,086 · end of year $4,971,401

  • 3 · Pledges and grants receivable

    beginning of year $636,746 · end of year $341,225

  • 4 · Accounts receivable

    beginning of year $12,594 · end of year $13,279

  • 8 · Inventories for sale or use

    beginning of year $281,988 · end of year $271,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,632 · end of year $186,342

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

    $19,804,901

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

    $8,065,790

  • 10c · Land, buildings and equipment, net

    beginning of year $11,871,189 · end of year $11,739,111

  • 11 · Investments: publicly traded securities

    beginning of year $1,675,948 · end of year $2,125,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $441,867 · end of year $650,641

  • 19 · Deferred revenue

    end of year $55,555

  • 23 · Secured mortgages and notes payable

    beginning of year $1,136,403 · end of year $1,010,118

  • 25 · Other liabilities

    beginning of year $57,939 · end of year $124,993

  • 27 · Net assets without donor restrictions

    beginning of year $16,738,246 · end of year $17,991,359

  • 28 · Net assets with donor restrictions

    end of year $55,555

Mission and programs · 2022

Mission

TO ACQUIRE, OWN, DEVELOP, PRESERVE, BEAUTIFY, RECONSTRUCT, RESTORE, MAINTAIN, AND OPERATE A PUBLIC PARK AND PUBLIC RECREATION FACILITY, OPEN TO THE GENERAL PUBLIC AS A COMMUNITY SERVICE, TO BE USED TO ENHANCE RECREATION OPPORTUNITIES, PRESERVE HISTORIC SITES AND OTHERWISE PROVIDE FOR THE GENERAL WELFARE OF PRESERVING CURRENT USE OF THE PROPERTY.

Activities or mission (Part I)

DEVELOPMENT, PRESERVATION AND OPERATION OF A PUBLIC PARK AND RECREATION FACILITY.

  • THE DEVELOPMENT, PRESERVATION, AND OPERATION OF A PUBLIC PARK AND RECREATION FACILITY.

    Expenses $6,275,858 · Grants $24,405 · Revenue $9,333,350

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Richard Gustafson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ronald Beltz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Patrick L Lacrosse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Larry Walter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Debbie Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Martha Bailey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Carol Mayer-Reed

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kevin Kohnstamm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brandon Roben

    CEO

    Total calculated
    $281,718
    From this org
    $245,053
    From related orgs
    $0
    Other
    $36,665
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,161
    Bonus
    $85,892
    Other
    $0
    Deferred
    $6,315
    Nontaxable benefits
    $30,350
    Filer's total
    $281,718

  • Becky Silcox

    FINANCE & HUMAN RESOURCES

    Total calculated
    $144,861
    From this org
    $130,739
    From related orgs
    $0
    Other
    $14,122
    Hours/week
    40

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
IN ADDITION TO A BASE SALARY, THE CEO EARNS ADDITIONAL COMPENSATION EQUAL TO A PERCENTAGE OF NET OPERATING CASH FLOW (AS DEFINED IN THE EMPLOYMENT AGREEMENT) IN EXCESS OF A RESERVE.

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

Provenance

Return type
form_990
Tax year
2022
Filed
28 June 2023
IRS schema version
2022v5.0
Source object
202311869349301026

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