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← LAFAYETTE PARKS FOUNDATION INC

Form 990 for tax year 2023

Filed by LAFAYETTE PARKS FOUNDATION INC.

Totals

Total revenue
$562,568
Total expenses
$299,049
Contributions and grants received
$369,846
Grants paid
$2,200
Program service revenue
$0
Investment income
$92,351
Other revenue
$100,371
Total assets, end of year
$5,091,387
Total liabilities, end of year
$890
Net assets or fund balances, end of year
$5,090,497
Program services expenses (Part IX)
$289,978
Management and general expenses
$8,001
Fundraising expenses
$1,070
Program service expenses (Part III)
$289,978

Program services were 97.0% 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

    $3,000

  • 1f · All other contributions, gifts and grants

    $366,846

  • 1g · Noncash contributions included above

    $59,995

  • 3 · Investment income

    total $91,778 · excluded $91,778

  • 7a · Gross sales of assets other than inventory

    securities $57,671

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

    securities $57,098

  • 7c · Gain or loss

    securities $573

  • 7d · Net gain or loss

    total $573 · excluded $573

  • 8a · Fundraising events: gross income

    $74,698

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

    $3,000

  • 8b · Fundraising events: direct expenses

    $24,204

  • 8c · Net income from fundraising events

    total $50,494 · excluded $50,494

  • 11a · Other revenue: EARNINGS IN BATTLEGROUND INC

    total $49,877 · excluded $49,877

  • 11e · Other revenue, total

    $49,877

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,200 · program services $2,200

  • 11b · Fees: legal

    total $2,295 · management and general $2,295

  • 11c · Fees: accounting

    total $5,309 · management and general $5,309

  • 13 · Office expenses

    total $1,409 · management and general $339 · fundraising $1,070

  • 16 · Occupancy

    total $58 · management and general $58

  • 24a · Other expenses: PROGRAM EXPENSES

    total $287,778 · program services $287,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $277,079 · end of year $335,673

  • 2 · Savings and temporary cash investments

    beginning of year $2,317,304 · end of year $2,472,469

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

    $1,846,900

  • 10c · Land, buildings and equipment, net

    beginning of year $1,846,900 · end of year $1,846,900

  • 15 · Other assets

    beginning of year $386,468 · end of year $436,345

  • 17 · Accounts payable and accrued expenses

    end of year $890

  • 27 · Net assets without donor restrictions

    beginning of year $2,964,837 · end of year $3,157,686

  • 28 · Net assets with donor restrictions

    beginning of year $1,862,914 · end of year $1,932,811

Mission and programs · 2023

Mission

THE FOUNDATION SOLICITS AND ENCOURAGES DONATIONS TO ASSIST LAFAYETTE PARK PROGRAMS SUCH AS KIDS CAN, THE ZOO, DEVELOPMENT OF LOEB STADIUM AND OTHER PARK PROJECTS.

  • OTHER PROGRAM EXPENSES TO PROMOTE, AID, AND ENCOURAGE PURPOSES, ACTIVITIES, AND ENDEAVORS FOR THE LAFAYETTE PARKS DEPARTMENT.

    Expenses $289,978 · Grants $2,200

As filed on the 2023 return.

Listed in Part VII

  • Rachel Hazaray

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Eric Lin

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Brent Talcott

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Claudine Laufman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kara Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James K Risk III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aaron Slagel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John B Scheumann Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Metzger

    DIRECTOR

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BATTLE GROUND GOLF CLUB LLC

    LAND · IN

    Directly controlled by LPF LAFAYETTE PARKS FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BATTLE GROUND PUBLIC GOLFCOURSE INC

    C CORP · GOLF COURS · IN

    Directly controlled by LPF LAFAYETTE PARKS FOUNDATION

Provenance

Return type
form_990
Tax year
2023
Filed
12 August 2024
IRS schema version
2023v5.0
Source object
202402289349301120

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