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Nonprofiteer
← PETALUMA RIVER PARK FOUNDATION INC

Form 990 for tax year 2023

Filed by PETALUMA RIVER PARK FOUNDATION INC.

Totals

Total revenue
$8,661,125
Total expenses
$1,025,547
Contributions and grants received
$8,490,736
Grants paid
$0
Program service revenue
$0
Investment income
$170,389
Other revenue
$0
Total assets, end of year
$10,061,394
Total liabilities, end of year
$146,007
Net assets or fund balances, end of year
$9,915,387
Program services expenses (Part IX)
$653,304
Management and general expenses
$195,406
Fundraising expenses
$176,837
Program service expenses (Part III)
$653,304

Program services were 63.7% 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.

  • 1e · Government grants (contributions)

    $212,493

  • 1f · All other contributions, gifts and grants

    $8,278,243

  • 1g · Noncash contributions included above

    $65,030

  • 3 · Investment income

    total $170,389 · excluded $170,389

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $301,716 · program services $109,813 · management and general $103,306 · fundraising $88,597

  • 7 · Other salaries and wages

    total $31,616 · program services $11,507 · management and general $10,825 · fundraising $9,284

  • 9 · Other employee benefits

    total $21,216 · program services $7,722 · management and general $7,264 · fundraising $6,230

  • 10 · Payroll taxes

    total $26,481 · program services $9,638 · management and general $9,067 · fundraising $7,776

  • 11b · Fees: legal

    total $9,256 · program services $7,968 · management and general $620 · fundraising $668

  • 11c · Fees: accounting

    total $27,872 · program services $23,991 · management and general $1,868 · fundraising $2,013

  • 11e · Fees: professional fundraising services

    total $3,625 · fundraising $3,625

  • 11g · Fees: other

    total $346,519 · program services $301,389 · management and general $23,469 · fundraising $21,661

  • 12 · Advertising and promotion

    total $81,383 · program services $48,861 · management and general $260 · fundraising $32,262

  • 13 · Office expenses

    total $14,523 · program services $9,332 · management and general $3,439 · fundraising $1,752

  • 14 · Information technology

    total $22,987 · program services $4,940 · management and general $15,999 · fundraising $2,048

  • 16 · Occupancy

    total $17,944 · program services $3,579 · management and general $14,365

  • 17 · Travel

    total $6,090 · program services $4,084 · management and general $1,085 · fundraising $921

  • 20 · Interest

    total $575 · management and general $575

  • 23 · Insurance

    total $4,843 · program services $1,579 · management and general $3,264

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $108,901 · program services $108,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $808,604 · end of year $221,132

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $8,066,274

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $15,000 · end of year $105,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $954 · end of year $17,234

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

    $1,540,839

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,472,672 · end of year $1,540,839

  • 15 · Other assets

    beginning of year $0 · end of year $100,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,500 · end of year $146,007

  • 27 · Net assets without donor restrictions

    beginning of year $2,279,730 · end of year $1,898,232

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $8,017,155

Mission and programs · 2023

Mission

THE MISSION OF THE PETALUMA RIVER PARK FOUNDATION IS TO MEET OUR VITAL NEED FOR SHARED SPACE THAT CONNECTS PEOPLE, ART, AND NATURE. WE ENVISION A VIBRANT, WELCOMING PARK THAT FOSTERS A LOVE FOR NATURE, SPARKS CREATIVITY, AND UNIFIES OUR COMMUNITY FOR GENERATIONS TO COME.

Activities or mission (Part I)

TO MEET OUR VITAL NEED FOR SHARED SPACE THAT CONNECTS PEOPLE, ART, AND NATURE.

  • IN 2023, PETALUMA RIVER PARK FOUNDATION CONTINUED PUBLIC PROGRAMMING AND PREPARED FOR PLANNING THE FUTURE OF THE PARK:- CONVENED A "DREAM TEAM" TO LEAD THE EQUITABLE AND INCLUSIVE PROCESS OF CO-CREATING THE DESIGN OF THE FUTURE PARK- COLLECTED PLANNING DATA FROM THE PUBLIC, FOCUSING EFFORTS TO GATHER DREAMS, HOPES, AND DESIRES FROM COMMUNITY MEMBERS WHO HAVE HISTORICALLY BEEN LEFT OUT OF PLANNING PROCESSES FOR PUBLIC SPACES- INSTALLED A SCULPTURE CALLED, "HURU" BY MARK DI SUVERO ON THE PARK PROPERTY- HELD "FIRST SATURDAY" PROGRAMS AT THE RIVER PARK, INCLUDING STORYTELLING, FAMILY DAY, AFRICAN DRUMMING AND PRINTMAKING, DIA DE LOS MUERTOS, AND OTHER EVENTS- HIRED AND ONBOARDED OUR A COMMUNITY ENGAGEMENT MANAGER AND AN ADMINISTRATIVE AND MARKETING ASSOCIATE)

    Expenses $653,304

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Duskin

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Deborah Smith

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Jorge Servin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sean Paul Lorentz

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Ana Cordova Belik

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Darling Gonzalez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Eliza Hooshiar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leicester Dissels

    BOARD MEMBER (THRU 11/21/23)

    Total calculated
    $0
    Hours/week
    1

  • Ray Fort

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Blake

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Rockrise

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Seair Lorentz

    EXECUTIVE DIRECTOR

    Total calculated
    $168,683
    From this org
    $150,000
    From related orgs
    $0
    Other
    $18,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,683
    Filer's total
    $168,683

  • Marge Limbert

    DEVELOPMENT DIRECTOR

    Total calculated
    $133,033
    From this org
    $133,033
    From related orgs
    $0
    Other
    $0
    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 · Compensation survey or study
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443209349325189

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