Civic Intelligence

The Forest Park Trust Inc

EIN 31-1558645 • 501(c)3 • Woodhaven, NY

Profile

Community outreach/public programs - to promote education and information on forest park and cultural activities

Oak Ridge One Forest Park DriveWoodhaven, NY 11421

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

0.04x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

20th percentile

-27%

Higher net margin than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

-5.0%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2025

Revenue Growth

41st percentile

-8.9%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2025

Assets

Down

$314,973

Down $64,477 (-17%) from 2024

Liabilities

Down

$9,131

Down $3,308 (-27%) from 2024

Net Assets

Down

$305,842

Down $61,169 (-17%) from 2024

Revenue

Down

$225,226

Down $29,746 (-12%) from 2024

Expenses

Down

$286,395

Down $11,137 (-3.7%) from 2024

Net Income

Down

-$61,169

Down $18,609 (-44%) from 2024

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $415,901Liabilities 2020: $4,450Net Assets 2020: $411,4512020Assets 2021: $389,129Liabilities 2021: $4,615Net Assets 2021: $384,5142021Assets 2022: $367,399Liabilities 2022: $7,788Net Assets 2022: $359,6112022Assets 2023: $419,793Liabilities 2023: $10,222Net Assets 2023: $409,5712023Assets 2024: $379,450Liabilities 2024: $12,439Net Assets 2024: $367,0112024Assets 2025: $314,973Liabilities 2025: $9,131Net Assets 2025: $305,8422025

Highlighted filing

2025

Assets$314,973
Liabilities$9,131
Net Assets$305,842

Operations Trend

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

$400K$200K$0-$200KRevenue 2020: $204,377Expenses 2020: $170,455Net Income 2020: $33,9222020Revenue 2021: $195,977Expenses 2021: $222,914Net Income 2021: -$26,9372021Revenue 2022: $297,428Expenses 2022: $322,331Net Income 2022: -$24,9032022Revenue 2023: $340,402Expenses 2023: $290,442Net Income 2023: $49,9602023Revenue 2024: $254,972Expenses 2024: $297,532Net Income 2024: -$42,5602024Revenue 2025: $225,226Expenses 2025: $286,395Net Income 2025: -$61,1692025

Highlighted filing

2025

Revenue$225,226
Expenses$286,395
Net Income-$61,169

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 13, 2026
Return Version
2024v5.2
Gross Receipts
$225,226
Mission and Program Overview

Mission

Community outreach/public programs - to promote education and information on forest park and cultural activities

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$237,306$174,800▼ $62,506
Pledges and Grants Receivable$101,500$97,663▼ $3,837
Savings and Temporary Cash Investments$25,686$25,691▲ $5
Prepaid Expenses and Deferred Charges$14,958$16,819▲ $1,861
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$379,450$314,973▼ $64,477
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,299$4,781▼ $2,518
Deferred Revenue$5,140$4,350▼ $790
Total Liabilities$12,439$9,131▼ $3,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$367,011$305,842▼ $61,169
Total Net Assets Fund Balance$367,011$305,842▼ $61,169
Total Liabilities and Net Assets / Fund Balance$379,450$314,973▼ $64,477
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$209,537
Program Service Revenue
$15,684
Investment Income
$5
Other Revenue
$0
All Other Contributions
$69,750
Change in Net Assets
$-61,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$225,226
Revenue Not Reported on Form 990
$564,353
Total Revenue per Audited Statements
$789,579
Total Revenue per Form 990
$225,226
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$231,031
Salaries, Compensation, and Employee Benefits$55,364
Total Fundraising Expense$929
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$54,622$371$371$55,364
Other Expenses$32,572--$32,572
Fees for Services Accounting-$13,753-$13,753
All Other Expenses$6,911$4,377$19$11,307
Insurance-$6,272-$6,272
Office Expenses$1,400$301$300$2,001
Information Technology$1,116$238$239$1,593
Fees for Services Other$1,272--$1,272
Total Functional Expenses$260,154$25,312$929$286,395

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$850,748
Expenses Not Reported on Form 990$564,353
Expenses per Audited Statements$286,395
Total Expenses per Form 990$286,395
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
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, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

The documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Forest Park Trust Inc
EIN
31-1558645
Phone
7182354100
Address
OAK RIDGE ONE FOREST PARK DRIVE, WOODHAVEN, NY 11421

Signing Officer

Name
Michael Palermo
Title
President
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Palermo
Formed
1997
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
4
Volunteers
16

Preparer

Firm
Baldessari & Coster LLP
Address
84 Covert Ave, Stewart Manor, NY 11530
Preparer
Albert Coster CPA
Phone
5163262582
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