Civic Intelligence

Parkway Council Foundation

990 • Fiscal year 2023 • EIN 23-2309992

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Refreshing map…

1651 Benjamin Franklin ParkwayPhiladelphia, PA 19103

(215) 763-3427

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.08x

Higher debt load relative to assets than 78% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

9th percentile

-61%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

98th percentile

$115,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 42.3% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

21st percentile

-24%

Faster asset growth than 21% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-42%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$410,873

Down $131,190 (-24%) from 2022

Net Assets

Down

$378,168

Down $163,864 (-30%) from 2022

Liabilities

Up

$32,705

Up $32,674 (+105400%) from 2022

Revenue

Down

$271,602

Down $194,303 (-42%) from 2022

Expenses

Up

$436,496

Up $309,671 (+244%) from 2022

Net Income

Down

-$164,894

Down $503,974 (-149%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2011: $230,807Net Assets 2011: $230,8072011Assets 2012: $277,900Net Assets 2012: $277,9002012Assets 2013: $285,157Net Assets 2013: $285,1572013Assets 2014: $250,345Net Assets 2014: $250,3452014Assets 2015: $271,249Liabilities 2015: $2,250Net Assets 2015: $268,9992015Assets 2016: $274,205Liabilities 2016: $2,250Net Assets 2016: $271,9552016Assets 2017: $298,535Liabilities 2017: $2,250Net Assets 2017: $296,2852017Assets 2018: $269,633Liabilities 2018: $2,250Net Assets 2018: $267,3832018Assets 2019: $234,074Liabilities 2019: $2,250Net Assets 2019: $231,8242019Assets 2020: $206,136Liabilities 2020: $30Net Assets 2020: $206,1062020Assets 2021: $202,982Liabilities 2021: $30Net Assets 2021: $202,9522021Assets 2022: $542,063Liabilities 2022: $31Net Assets 2022: $542,0322022Assets 2023: $410,873Liabilities 2023: $32,705Net Assets 2023: $378,1682023Assets 2024: $221,128Liabilities 2024: $33,685Net Assets 2024: $187,4432024

Highlighted filing

2023

Assets$410,873
Liabilities$32,705
Net Assets$378,168

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $108,550Expenses 2011: $104,386Net Income 2011: $4,1642011Revenue 2012: $158,423Expenses 2012: $111,330Net Income 2012: $47,0932012Revenue 2013: $163,335Expenses 2013: $156,078Net Income 2013: $7,2572013Revenue 2014: $112,331Expenses 2014: $147,143Net Income 2014: -$34,8122014Revenue 2015: $178,829Expenses 2015: $160,175Net Income 2015: $18,6542015Revenue 2016: $180,727Expenses 2016: $177,771Net Income 2016: $2,9562016Revenue 2017: $391,871Expenses 2017: $367,541Net Income 2017: $24,3302017Revenue 2018: $210,106Expenses 2018: $239,008Net Income 2018: -$28,9022018Revenue 2019: $142,140Expenses 2019: $177,699Net Income 2019: -$35,5592019Revenue 2020: $132,881Expenses 2020: $157,599Net Income 2020: -$24,7182020Revenue 2021: $95,320Expenses 2021: $98,474Net Income 2021: -$3,1542021Revenue 2022: $465,905Expenses 2022: $126,825Net Income 2022: $339,0802022Revenue 2023: $271,602Expenses 2023: $436,496Net Income 2023: -$164,8942023Revenue 2024: $357,905Expenses 2024: $548,630Net Income 2024: -$190,7252024

Highlighted filing

2023

Revenue$271,602
Expenses$436,496
Net Income-$164,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v6.0
Gross Receipts
$271,602
Mission and Program Overview

Mission

Engage in planning and improvements of the Benjamin Franklin Parkway area.

Works to accelerate the transformation of philadelphia's benjamin franklin parkway into a great urban park for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$197,686$198,035▲ $349
Cash and Non-Interest-Bearing Accounts$149,885$136,614▼ $13,271
Pledges and Grants Receivable$194,492$72,010▼ $122,482
Prepaid Expenses and Deferred Charges-$4,214-
Total Assets$542,063$410,873▼ $131,190
Liabilities
Accounts Payable and Accrued Expenses$31$32,705▲ $32,674
Total Liabilities$31$32,705▲ $32,674
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$224,207$378,168▲ $153,961
Net Assets With Donor Restrictions$317,825--
Total Net Assets Fund Balance$542,032$378,168▼ $163,864
Total Liabilities and Net Assets / Fund Balance$542,063$410,873▼ $131,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Nicholas AndersonExecutive DiFT$115,000$115,000

Board Members and Trustees

NameTitle
Scott CooperPresident
Abby ByssheDirector
Al SuhDirector
Andy DenisonDirector
Cathy YoungDirector
Charlotte CohenDirector
Don HaasDirector
Eric PryorDirector
Father G Dennis GillDirector
Jennifer NagleDirector
Jim MitchellDirector
Justino NavarroDirector
Karen YoungDirector
Kate WilhelmDirector
Kathryn Ott LovellDirector
Kelly RichardsDirector
Kerry SautnerDirector
Mark SilowDirector
Michael DelbeneDirector
Patti ShwayderDirector
Sara GeelanDirector
Sarah Sweeney-denhamDirector
Stephen MullinDirector
Matt RaderPast Preside
Dennis BoylanSecretary
Sally ElkSecretary
Michael GaryTreasurer
Eszter KutasVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$271,252
Program Service Revenue
$0
Investment Income
$350
Other Revenue
$0
All Other Contributions
$233,752
Change in Net Assets
$-164,894

Audited Revenue Reconciliation

Revenue per Audited Statements
$271,602
Total Revenue per Audited Statements
$271,602
Total Revenue per Form 990
$271,602
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$229,220
Salaries, Compensation, and Employee Benefits$207,276
Total Fundraising Expense$9,601
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$82,800$25,300$6,900$115,000
Fees for Services Other$78,000$35,000-$113,000
Other Salaries and Wages$44,809$13,741$1,195$59,745
Payroll Taxes$10,710$3,276$679$14,665
Other Employee Benefits$9,484$2,902$601$12,987
Fees for Services Accounting-$12,818-$12,818
Fees for Services Legal-$6,254-$6,254
Pension Plan Contributions$3,563$1,090$226$4,879
Advertising$2,712$892-$3,604
Office Expenses$544$957-$1,501
Insurance-$1,320-$1,320
Travel$625$78-$703
Other Expenses$281$3,138-$281
Total Functional Expenses$314,409$112,486$9,601$436,496

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$436,496
Total Expenses per Audited Statements$436,496
Total Expenses per Form 990$436,496
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is distributed to the full board of directors for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Every director and offi er of the foundation annually signs a statement which affirms that: (1) they have received a copy of the conflict of interest policy; (2) they have read and understand the policy; (3) they agree to comply with the policy; and (4) they understand that the foundation is a charitable organization and in order to maintain its federal tax exemption, it must engage primarily in activities which further one or more of its tax-exempt purposes and not for the inurement or private benefit of any other organization, entity or individual.

Form 990, Page 6, Part VI, Line 15A

Periodic reviews include whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining. When conducting the periodic reviews, the board may, but need not, use outside consultants or experts.

Form 990, Page 6, Part VI, Line 19

Copies of the governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Parkway Council Foundation
EIN
23-2309992
Phone
2157633427
Address
1651 BENJAMIN FRANKLIN PARKWAY, PHILADELPHIA, PA 19103

Signing Officer

Name
Nicholas Anderson
Title
Executive Director
Phone
2157633427
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Cooper
Formed
2003
Legal Domicile
Pa
Voting Board Members
25
Independent Board Members
25
Employees
2
Volunteers
25

Preparer

Firm
J Miller & Associates LLC
Address
PO BOX 27308, PHILADELPHIA, PA 19118
Preparer
Joyce Miller
Phone
2156001701
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

Amended for (1) reclassification of membership dues to contributions; (2) update of policy answer questions in part vi, section b; (3) addition of contributors on schedule b.

Form 990, Page 2, Part III, Line 4A

1)the parkway council leads efforts to envision a more functional, safe, appealing, beautiful, and people-centric benjamin franklin parkway. It is working with city of philadelphia and other stakeholders on a comprehensive master plan that will unlock the parkway's potential as vibrant park space for all. It is further working to build a coalition that will help realize these plans and improve the long-term management of the parkway and surrounding cultural district. 2)the parkway council works to introduce new users to the parkway through programming and outreach. Activities include parkway presents, which showcases philadelphia's cultural diversity through free public performances on the parkway, and the oval pop-up park and festival (in partnership with philadelphia parks and recreation), which transforms eakins oval each summer into a vibrant park space with family-friendly programming, a beer garden, and art installations.

Form 990, Part IX, Line 11G

Strategic comm and govt aff 63,000 30,000 0 other consulting 15,000 0 0 web and graphic design 0 5,000 0 total 78,000 35,000 0

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt28115000
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt025
IRS990/GovernmentGrantsAmt037500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0271602
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01320
IRS990/InsuranceGrp/TotalAmt01320
IRS990/InvestmentIncomeGrp/ExclusionAmt0350
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0350
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0PA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0WORKS TO ACCELERATE THE TRANSFORMATION OF PHILADELPHIA'S BENJAMIN FRANKLIN PARKWAY INTO A GREAT URBAN PARK FOR ALL.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0542032
IRS990/NetAssetsOrFundBalancesEOYAmt0378168
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0224207
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0378168
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0957
IRS990/OfficeExpensesGrp/ProgramServicesAmt0544
IRS990/OfficeExpensesGrp/TotalAmt01501
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0601
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02902
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09484
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012987
IRS990/OtherExpensesGrp/Desc0PROGRAM COMMISSIONING FD
IRS990/OtherExpensesGrp/Desc1COMPUTER SOFTWARE
IRS990/OtherExpensesGrp/Desc2ALL OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3OTHER PROGRAM EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05720
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13138
IRS990/OtherExpensesGrp/ProgramServicesAmt079855
IRS990/OtherExpensesGrp/ProgramServicesAmt1496
IRS990/OtherExpensesGrp/ProgramServicesAmt2530
IRS990/OtherExpensesGrp/ProgramServicesAmt3281
IRS990/OtherExpensesGrp/TotalAmt079855
IRS990/OtherExpensesGrp/TotalAmt16216
IRS990/OtherExpensesGrp/TotalAmt23668
IRS990/OtherExpensesGrp/TotalAmt3281
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01195
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013741
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt044809
IRS990/OtherSalariesAndWagesGrp/TotalAmt059745
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0679
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03276
IRS990/PayrollTaxesGrp/ProgramServicesAmt010710
IRS990/PayrollTaxesGrp/TotalAmt014665
IRS990/PensionPlanContributionsGrp/FundraisingAmt0226
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01090
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03563
IRS990/PensionPlanContributionsGrp/TotalAmt04879
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0194492
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt072010
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04214
IRS990/PrincipalOfficerNm0SCOTT COOPER
IRS990/PriorPeriodAdjustmentsAmt01030
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0465825
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt080
IRS990/PYOtherExpensesAmt0126825
IRS990/PYRevenuesLessExpensesAmt0339080
IRS990/PYTotalExpensesAmt0126825
IRS990/PYTotalRevenueAmt0465905
IRS990/ReconcilationRevenueExpnssAmt0-164894
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0197686
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0198035
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0271252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0465825
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt095250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0132750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0141700

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.34$1.87$3.58$5.49$1.91
2023Detailed filing. Detailed filing data is available for this year.$4.11$0.33$3.78$2.72$4.36$1.65
2022Summary only. Only limited summary data is available for this year.$5.42$0.00$5.42$4.66$1.27$3.39
2021Summary only. Only limited summary data is available for this year.$2.03$0.00$2.03$0.95$0.98$0.03
2020Summary only. Only limited summary data is available for this year.$2.06$0.00$2.06$1.33$1.58$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.02$2.32$1.42$1.78$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.02$2.67$2.10$2.39$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.99$0.02$2.96$3.92$3.68$0.24
2016Detailed filing. Detailed filing data is available for this year.$2.74$0.02$2.72$1.81$1.78$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$0.02$2.69$1.79$1.60$0.19
2014Detailed filing. Detailed filing data is available for this year.$2.50$2.50$1.12$1.47$0.35
2013Detailed filing. Detailed filing data is available for this year.$2.85$2.85$1.63$1.56$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$2.78$1.58$1.11$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$2.31$1.09$1.04$0.04