Civic Intelligence

Fairmount Park Historic Preservation

EIN 23-2703821 • 501(c)3 • Philadelphia, PA

Profile

The mission of the Fairmount Park Historic Preservation Trust, a nonprofit organization, is to provide leadership, technical assistance, and advocacy to preserve, develop, and manage historic properties and other cultural resources in Philadelphia.

4700 States Drive Ohio HousePhiladelphia, PA 19131

www.fairmontparkconservancy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.45x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

58th percentile

0.37x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

46th percentile

$248,063

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

89th percentile

28%

Faster asset growth than 89% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$28,169,914

Up $6,114,763 (+28%) from 2023

Liabilities

Up

$12,801,692

Up $52,239 (+0.4%) from 2023

Net Assets

Up

$15,368,222

Up $6,062,524 (+65%) from 2023

Revenue

Up

$34,669,959

Up $8,520,030 (+33%) from 2023

Expenses

Up

$28,891,101

Up $1,484,853 (+5.4%) from 2023

Net Income

Up

$5,778,858

Up $7,035,177 (+560%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $279,676Liabilities 2011: $15,138Net Assets 2011: $264,5382011Assets 2012: $421,982Liabilities 2012: $14,436Net Assets 2012: $407,5462012Assets 2013: $457,330Liabilities 2013: $6,565Net Assets 2013: $450,7652013Assets 2014: $9,472,740Liabilities 2014: $367,499Net Assets 2014: $9,105,2412014Assets 2015: $15,556,997Liabilities 2015: $530,144Net Assets 2015: $15,026,8532015Assets 2016: $19,106,742Liabilities 2016: $3,415,908Net Assets 2016: $15,690,8342016Assets 2017: $18,253,668Liabilities 2017: $1,767,870Net Assets 2017: $16,485,7982017Assets 2018: $14,233,286Liabilities 2018: $699,906Net Assets 2018: $13,533,3802018Assets 2019: $12,055,000Liabilities 2019: $548,321Net Assets 2019: $11,506,6792019Assets 2020: $12,307,276Liabilities 2020: $994,243Net Assets 2020: $11,313,0332020Assets 2021: $18,681,659Liabilities 2021: $1,076,515Net Assets 2021: $17,605,1442021Assets 2022: $14,738,718Liabilities 2022: $4,290,560Net Assets 2022: $10,448,1582022Assets 2023: $22,055,151Liabilities 2023: $12,749,453Net Assets 2023: $9,305,6982023Assets 2024: $28,169,914Liabilities 2024: $12,801,692Net Assets 2024: $15,368,2222024

Highlighted filing

2024

Assets$28,169,914
Liabilities$12,801,692
Net Assets$15,368,222

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$20M$0-$20MRevenue 2011: $475,742Expenses 2011: $432,023Net Income 2011: $43,7192011Expenses 2012: $554,8322012Revenue 2013: $648,585Expenses 2013: $605,366Net Income 2013: $43,2192013Revenue 2014: $588,928Expenses 2014: $578,407Net Income 2014: $10,5212014Revenue 2015: $7,507,947Expenses 2015: $1,570,780Net Income 2015: $5,937,1672015Revenue 2016: $9,205,973Expenses 2016: $8,576,974Net Income 2016: $628,9992016Revenue 2017: $7,999,927Expenses 2017: $7,368,196Net Income 2017: $631,7312017Revenue 2018: $5,776,485Expenses 2018: $8,799,836Net Income 2018: -$3,023,3512018Revenue 2019: $3,997,882Expenses 2019: $6,658,762Net Income 2019: -$2,660,8802019Revenue 2020: $4,948,226Expenses 2020: $5,369,653Net Income 2020: -$421,4272020Revenue 2021: $13,830,460Expenses 2021: $8,367,120Net Income 2021: $5,463,3402021Revenue 2022: $7,430,808Expenses 2022: $13,006,367Net Income 2022: -$5,575,5592022Revenue 2023: $26,149,929Expenses 2023: $27,406,248Net Income 2023: -$1,256,3192023Revenue 2024: $34,669,959Expenses 2024: $28,891,101Net Income 2024: $5,778,8582024

Highlighted filing

2024

Revenue$34,669,959
Expenses$28,891,101
Net Income$5,778,858

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.2$12.8$15.4$34.7$28.9$5.78
2023Summary only. Only limited summary data is available for this year.$22.1$12.7$9.31$26.1$27.4$1.26
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.7$4.29$10.4$7.43$13.0$5.58
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$1.08$17.6$13.8$8.37$5.46
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$0.99$11.3$4.95$5.37$0.42
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.55$11.5$4.00$6.66$2.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.2$0.70$13.5$5.78$8.80$3.02
2017Summary only. Only limited summary data is available for this year.$18.3$1.77$16.5$8.00$7.37$0.63
2016Summary only. Only limited summary data is available for this year.$19.1$3.42$15.7$9.21$8.58$0.63
2015Summary only. Only limited summary data is available for this year.$15.6$0.53$15.0$7.51$1.57$5.94
2014Detailed filing. Detailed filing data is available for this year.$9.47$0.37$9.11$0.59$0.58$0.01
2013Summary only. Only limited summary data is available for this year.$0.46$0.01$0.45$0.65$0.61$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.01$0.41$0.55
2011Summary only. Only limited summary data is available for this year.$0.28$0.02$0.26$0.48$0.43$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 3, 2025
Return Version
2024v5.2
Gross Receipts
$35,010,451
Mission and Program Overview

Mission

Fairmount park conservancy exists to champion philadelphia's parks. We lead capital projects and historic preservation efforts, foster neighborhood park stewardship, attract and leverage philanthropic support, and develop innovative programs throughout the 10,200 acres that include fairmount park and more than 100 neighborhood parks around the city. Philadelphia has one of the largest urban park systems in the world, providing residents with extensive health, environmental, social, economic and cultural benefits.

The fairmount park conservancy works as a collaborative partner to lead (cont'd in sch o)and support efforts which preserve and improve the fairmount park system in order to enhance the quality of life and stimulate economic development of the greater philadelphia region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,297,751$14,727,111▲ $4,429,360
Savings and Temporary Cash Investments$1,547,656$4,627,293▲ $3,079,637
Pledges and Grants Receivable$5,155,448$4,134,544▼ $1,020,904
Investments in Publicly Traded Securities$3,394,706$3,914,014▲ $519,308
Cash and Non-Interest-Bearing Accounts$1,348,345$564,891▼ $783,454
Prepaid Expenses and Deferred Charges$288,860$179,597▼ $109,263
Land, Buildings, and Equipment, Net$22,385$22,464▲ $79
Total Assets$22,055,151$28,169,914▲ $6,114,763
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,196,948$9,192,744▲ $3,995,796
Accounts Payable and Accrued Expenses$6,612,854$2,909,255▼ $3,703,599
Grants Payable$881,201$697,343▼ $183,858
Deferred Revenue$56,500--
Other Liabilities$1,950$2,350▲ $400
Total Liabilities$12,749,453$12,801,692▲ $52,239
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,255,339$16,493,881▲ $5,238,542
Net Assets Without Donor Restrictions$-1,949,641$-1,125,659▲ $823,982
Total Net Assets Fund Balance$9,305,698$15,368,222▲ $6,062,524
Total Liabilities and Net Assets / Fund Balance$22,055,151$28,169,914▲ $6,114,763

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$22,464$253,905$276,369
Leasehold Improvements$0$36,680$36,680

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$100,000---$100,000
2023$100,000---$100,000
2022$100,000---$100,000
2021$100,000---$100,000
2020$100,000---$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maura MccarthyCEO (thru 10/31/24)FT$217,854$30,209$248,063
Allison SchapkerChief Projects OfficerFT$198,546$14,867$213,413
Margaret HolscherChief Development OfficerFT$141,517$32,110$173,627
Tara RasheedSenior Director of Capital ProjectsFT$119,891$36,594$156,485
Kevin RocheChief of StaffFT$146,820$7,073$153,893
Mark WassermanCFO (thru 5/17/24)FT$89,346$35,973$125,319
Sarah PetersonDirector of CommunicationsFT$109,473$11,701$121,174
Tim ClairInterim CEOFT$104,651-$104,651

Board Members and Trustees

NameTitle
Carol S EicherChair and President
Carol Horne PennVice President & Director
Joseph M MankoVice President & Director
Amy DerstineDirector
Bridget GlazikDirector
Connor BarwinDirector
Deb McloughlinDirector
Heshan WanigasekeraDirector
Ilene BurakDirector
John GattusoDirector
John KellyDirector
John LevittiesDirector
Jonathan KetznerDirector
Mark CeloniDirector
Prema Katari GuptaDirector
Richard LazerDirector
Sandra W WeckesserDirector
Surge GhoshDirector
Honorable Anthony PhillipsDirector (eff 3/13/24)
Honorable Jamie R GauthierDirector (eff 3/13/24)
Susan SlawsonDirector (eff 3/13/24)
Brett NedelkoffDirector (eff 3/27/24)
Matthew McclureDirector (eff 5/3/24)
Obra KernodleDirector (eff 5/3/24)
Honorable Cindy BassDirector (thru 3/13/24)
Honorable Curtis JonesDirector (thru 3/13/24)
John K BinswangerDirector at Large for Life
Mary CoeSecretary & Director
Max BergerTreasurer & Director

Highest Paid Contractors

ContractorServicesLocationCompensation
Daniel J Keating CompanyCapital Planning Construction Services134 N NARBERTH AVENUE, Narberth, PA 19072$10,534,999
Seravalli INCConstruction Services10059 SANDMEYER LANE, Philadelphia, PA 19116$5,599,038
Rockport Construction Co INCConstruction Services231 NORTH WYCOMBE AVE, Lansdowne, PA 19050$3,098,141
Wrt LLCCapital Planning Design Services1700 MARKET ST STE 2800, Philadelphia, PA 19103$2,181,272
Nelson Byrd Woltz Landscape ArchitectsConstruction/landscape Architect Service310 EAST MARKET STREET, Charlottesville, VA 22902$690,578
Revenue and Support

Revenue Composition

Contributions and Grants
$32,864,091
Program Service Revenue
$1,448,308
Investment Income
$357,560
Other Revenue
$0
All Other Contributions
$13,617,275
Change in Net Assets
$5,778,858

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$340,492Hi/low Date of Donation
Total Noncash Contributions3$340,492-

Audited Revenue Reconciliation

Revenue per Audited Statements
$34,669,959
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$321,666
Total Revenue per Audited Statements
$34,991,625
Total Revenue per Form 990
$34,669,959
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,420,155
Salaries, Compensation, and Employee Benefits$3,877,912
Total Fundraising Expense$1,668,416
Professional Fundraising Fees$550,000
Grants and Similar Amounts Paid$43,034

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,905,110$503,805$342,264$2,751,179
Office Expenses$353,847$975,942$109,403$1,439,192
Fees for Services Other$1,226,671$162,114$5,398$1,394,183
Fees for Services Professional Fundraising--$550,000$550,000
Current Officers, Directors, Trustees, and Key Employees$81,473$228,998$149,224$459,695
Other Employee Benefits$200,923$89,299$48,932$339,154
Payroll Taxes$156,359$56,798$38,354$251,511
Fees for Services Accounting-$207,420-$207,420
Travel$57,764$41,784$107,359$206,907
Fees for Services Legal$146,373--$146,373
Fees for Services Lobbying--$126,000$126,000
Other Expenses$89,919$660$737$91,316
Pension Plan Contributions$48,595$16,983$10,795$76,373
All Other Expenses$5,868$64,286-$70,154
Grants to Domestic Orgs$41,726--$41,726
Occupancy$2,741$21,766-$24,507
Advertising$17,444$605$288$18,337
Depreciation Depletion$6,985$10,900-$17,885
Grants to Domestic Individuals$1,308--$1,308
Total Functional Expenses$24,319,795$2,902,890$1,668,416$28,891,101

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,929,101
Expenses per Audited Statements$28,891,101
Total Expenses per Form 990$28,891,101
Expenses Not Reported on Form 990$38,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Welcome America IncPhiladelphia, PA501(c)(3)Philly Holiday Tree$17,000
Friends of Matthias Baldwin ParkPhiladelphia, PA501(c)(3)Two New Park Signs$7,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$550,000
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$2,350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Part VI, Section A, Line 7A

Philadelphia city council president has the ability to designate two individuals who are members or senior officers of the philadelphia city council to serve on the board and in addition can designate an individual from the philadelphia city council president's office to serve on the board (such an individual shall be the "designated council president director"). The chairman of the philadelphia industrial development corporate ("pidc") has the ability to designate an individual from pidc to serve on the board (such an individual shall be the "designated pidc director").

Form 990, Part VI, Section B, Line 11B

Prior to filing form 990, it is discussed with the audit committee and distributed to the full board.

Form 990, Part VI, Section B, Line 12C

Officers, directors and key employees annually submit a signed statement disclosing interests that could give rise to a conflict. Each statement is reviewed to determine if a conflict of interest exists.

Form 990, Part VI, Section B, Line 15

Officers and directors of the board are unpaid volunteers. The ceo's salary is reviewed by the executive committee of the board of directors annually and determined using market comparisons. All other employees are reviewed by the ceo and salaries are based on their experience level.

Form 990, Part VI, Section C, Line 19

Upon request, the organization's governing documents, conflict of interest policy, document retention and destruction policy and financial statements are available for inspection.

Filing and Contact Details

Filer

Filer Name
Fairmount Park Conservancy
EIN
23-2703821
Phone
2159889334
Address
4700 STATES DRIVE OHIO HOUSE, PHILADELPHIA, PA 19131

Signing Officer

Name
Surge Ghosh
Title
Acting Treasurer
Phone
2159889334
Signed
2025-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Timothy Clair
Formed
1992
Legal Domicile
Pa
Voting Board Members
27
Independent Board Members
27
Employees
41
Volunteers
4,817

Preparer

Firm
Eisner Advisory Group LLC
Address
130 NORTH 18TH STREET SUITE 3000, PHILADELPHIA, PA 19103-2757
Preparer
Helen M Martin
Phone
2158818800
Supplemental Narrative

Additional Explanations

Form 990, Part XII - Line 2C

The organization has a committee that assumes responsibility for the oversight of the audit and selection of an independent accountant. This has not changed during the year.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has classified the conservancy as exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("code"); as an organization, contributions to which are deductible under section 170(c) of the code; and as an organization that is not a private foundation as defined in section 509(a) of the code. U.s. Gaap requires management to evaluate tax positions taken and recognize a tax liability, if the conservancy has taken an uncertain tax position that more likely than not would not be sustained upon examination by a government authority. Management has analyzed the tax positions taken by the conservancy and has concluded that as of december 31, 2024 and 2023, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The conservancy recognizes accrued interest and penalties associated with uncertain tax positions, if any. There were no income tax related interest and penalties recorded for the year ended december 31, 2024 or 2023.

Raw XML AppendixShowing 400 of 898 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt014727111
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FAIRMOUNT PARK CONSERVANCY WORKS AS A COLLABORATIVE PARTNER TO LEAD (CONT'D IN SCH O)AND SUPPORT EFFORTS WHICH PRESERVE AND IMPROVE THE FAIRMOUNT PARK SYSTEM IN ORDER TO ENHANCE THE QUALITY OF LIFE AND STIMULATE ECONOMIC DEVELOPMENT OF THE GREATER PHILADELPHIA REGION.
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IRS990/Desc0THE FAIRMOUNT PARK CONSERVANCY LEADS LARGE-SCALE CAPITAL IMPROVEMENTS TO PHILADELPHIA PARKLANDS, FROM THE PLANNING STAGE THROUGH CONSTRUCTION. IN 2024, PROJECTS INCLUDED ADVANCING THE FDR PARK PLAN, CONTINUED PLANNING AND IMPLEMENTATION IN WEST FAIRMOUNT PARK, AND ONGOING LAND CARE WORK IN KEY GEOGRAPHIES. FDR PARK: THE CONSERVANCY, IN PARTNERSHIP WITH PHILADELPHIA PARKS & RECREATION, CONTINUES TO DELIVER TANGIBLE PROGRESS TOWARDS IMPLEMENTING THE FDR PARK PLAN. IN 2024, THE CONSERVANCY BROKE GROUND ON THE $6 MILLION GATEWAY PLAZA IN APRIL, A SIGNATURE FEATURE OF THE GATEWAY PHASE. THE PROJECT INCLUDES THE INSTALLATION OF 81 NEW NATIVE TREES, 25 NEW SHRUBS, AND OVER 12,000 PERENNIAL AND GRASS/FERN PLUGS, RAIN GARDENS FEATURING NATIVE PLANTS AND FLOWERING UNDERSTORY CANOPY TO ABSORB STORMWATER, AND PLAZAS FORMED IN THE SHAPES OF THE PARK'S ICONIC LAKES. IN 2024 AS PART OF THE NATURE PHASE, THE CONSERVANCY CREATED A $1M HUMMOCK AND HOLLOW WETLAND, WHICH IS CONTRIBUTING TO CARBON SEQUESTRATION AND INCREASED BIODIVERSITY. THE CONSERVANCY CONTINUED TO WORK WITH THE DESIGN TEAM ON OTHER PROJECTS IN THE NATURE PHASE, DEVELOPING THE SITE DESIGNS AND COORDINATING WITH REGULATORY AGENCIES TO STREAMLINE PERMITTING AND APPROVALS IN THE COMING YEAR.WEST FAIRMOUNT PARK: THE CONSERVANCY CONTINUED TO ENGAGE COMMUNITY MEMBERS IN THE CENTENNIAL DISTRICT LANDSCAPE IN 2024 THROUGH TWO COMMUNITY OUTREACH EVENTS FOR THE WELSH FOUNTAIN GARDENS PROJECT, WHICH WILL BE A SIGNIFICANT GATEWAY INTO WEST FAIRMOUNT PARK. THIS PROJECT WILL RETURN THE WELSH FOUNTAIN TO ITS FORMER GLORY AND CREATE FOUR GARDENS SURROUNDING THE FOUNTAIN THAT WILL OFFER AREAS FOR ACTIVE PLAY AND PASSIVE ENJOYMENT OF THE PARK. THE DESIGN TEAM FOR THE WELSH FOUNTAIN GARDENS COMPLETED THE DESIGN DEVELOPMENT PHASE, ADVANCING THE PROJECT DESIGN TO INCORPORATE COMMUNITY FEEDBACK, INCLUDING: INTERACTIVE WATER/PLAY FEATURES FOR FAMILIES, INTERGENERATIONAL SPACES, ARTWORK, AND TEMPORARY ACTIVATION AND EVENT SPACE. BOATHOUSE ROW LIGHTS: IN MARCH OF 2024, THE CONSERVANCY AND PARKS & REC HOSTED THE OFFICIAL BOATHOUSE ROW RELIGHTING CEREMONY. THE $2.1 MILLION PROJECT COMPLETELY REPLACED THE OUTDATED, FAILING LIGHTING SYSTEM, WHICH STRUGGLED WITH SIGNIFICANT CONNECTIVITY CHALLENGES, REGULAR POWER OUTAGES, AND MOUNTING ISSUES. MODERNIZING THE SYSTEM WITH NEW LED LIGHTS AND DURABLE HOUSING BOXES TO PROTECT IT FROM WEATHER AND WILDLIFE NOT ONLY RESTORED THE ROW'S ENCHANTING AMBIANCE, BUT HAS ALSO CREATED EXCITING OPPORTUNITIES FOR SUSTAINABLE MAINTENANCE THROUGH REVENUE-GENERATING LIGHTING PARTNERSHIPS.
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