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Nonprofiteer
← KETTERING PARKS FOUNDATION

Form 990 for tax year 2023

Filed by KETTERING PARKS FOUNDATION.

Totals

Total revenue
$120,349
Total expenses
$56,537
Contributions and grants received
$24,964
Grants paid
$20,041
Program service revenue
$0
Investment income
$88,466
Other revenue
$6,919
Total assets, end of year
$1,377,576
Total liabilities, end of year
$855,306
Net assets or fund balances, end of year
$522,270
Program services expenses (Part IX)
$34,589
Management and general expenses
$21,948
Fundraising expenses
$0
Program service expenses (Part III)
$34,589

Program services were 61.2% 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

    $24,964

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $60,273 · related or exempt $0 · unrelated business $0 · excluded $60,273

  • 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 $672,219 · other assets $0

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

    securities $644,026 · other assets $0

  • 7c · Gain or loss

    securities $28,193 · other assets $0

  • 7d · Net gain or loss

    total $28,193 · related or exempt $0 · unrelated business $0 · excluded $28,193

  • 8a · Fundraising events: gross income

    $12,594

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

    $0

  • 8b · Fundraising events: direct expenses

    $5,957

  • 8c · Net income from fundraising events

    total $6,637 · unrelated business $0 · excluded $6,637

  • 11d · All other revenue

    total $282 · related or exempt $282 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $282

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,041 · program services $20,041

  • 11f · Fees: investment management

    total $7,629 · management and general $7,629

  • 13 · Office expenses

    total $7,651 · management and general $7,651

  • 14 · Information technology

    total $4,018 · program services $4,018

  • 23 · Insurance

    total $1,359 · management and general $1,359

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $10,530 · program services $10,530 · management and general $0 · fundraising $0

  • 24b · Other expenses: SUPPLIES

    total $4,445 · program services $0 · management and general $4,445 · fundraising $0

  • 24c · Other expenses: FILING FEES

    total $241 · program services $0 · management and general $241 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS

    total $623 · program services $0 · management and general $623 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $198,651 · end of year $180,958

  • 2 · Savings and temporary cash investments

    beginning of year $1,209,886 · end of year $512,818

  • 3 · Pledges and grants receivable

    beginning of year $137,058 · end of year $44,800

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $574,661 · end of year $639,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,684,646 · end of year $855,306

  • 27 · Net assets without donor restrictions

    beginning of year $77,220 · end of year $129,539

  • 28 · Net assets with donor restrictions

    beginning of year $358,390 · end of year $392,731

Mission and programs · 2023

Mission

THE ORGANIZATION IS INVOLVED IN IMPROVING THE QUALITY OF LIFE FOR KETTERING, OHIO RESIDENTS BY SUPPLEMENTING VARIOUS COMMUNITY SERVICES PROVIDED BY THE CITY OF KETTERING'S PARKS, RECREATION AND CULTURAL ARTS DEPARTMENT; ALL KETTERING RESIDENTS CAN BENEFIT BY THESE SERVICES.

Activities or mission (Part I)

IMPROVING THE QUALITY OF LIFE FOR ALL KETTERING, OHIO RESIDENTS

  • TO CONTRIBUTE TO THE QUALITY OF THE URBAN SETTING IN KETTERING, OHIO BY PROVIDING FINANCIAL ASSISTANCE IN THE ACQUISITION, IMPROVEMENT, PRESERVATION, CONSERVATION, AND REHABILITATION OF PUBLIC OPEN SPACES, FACILITIES, GARDENS, PARKS, AND OTHER NATURAL RESOURCES.

    Expenses $16,596

  • TO CONTRIBUTE TO THE QUALITY OF LIFE IN KETTERING, OHIO BY PROVIDING IMPLEMENTATION AND/OR DEVELOPMENT OF CULTURAL, RECREATIONAL, AND EDUCATIONAL ENRICHMENT PROGRAMS, ACTIVITIES, AND FACILITIES THAT BENEFIT THE HEALTH AND INDIVIDUAL LEISURE NEEDS OF PERSONS LIVING IN THE KETTERING COMMUNITY.

    Expenses $9,028

  • TO CONTRIBUTE TO THE QUALITY OF LIFE IN KETTERING, OHIO BY PROVIDING FINANCIAL ASSISTANCE FOR COMMUNITY PROJECTS THAT ENHANCE THE LIVES OF ITS RESIDENTS, WITH EMPHASIS ON ITS YOUTH AND SPECIAL POPULATIONS.

    Expenses $8,965

As filed on the 2023 return.

Listed in Part VII

  • Neil Smalley

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mary Beth O'Dell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Linda Hadley

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jerry Barnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Bodary

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Dutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Eckley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Frank Spolrich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Shimmin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jayne Testa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 December 2024
IRS schema version
2023v5.0
Source object
202423489349300207

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