Civic Intelligence

Forest Park Foundation

990EZ • Fiscal year 2018 • EIN 35-2578306

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 16, 2020

801 Forest PkwyCrystal Falls, MI 49920

(906) 214-4695

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$156,708

No earlier filing loaded for comparison.

Net Assets

$156,708

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$64,318

No earlier filing loaded for comparison.

Expenses

$9,484

No earlier filing loaded for comparison.

Net Income

$54,834

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2018: $156,708Liabilities 2018: $0Net Assets 2018: $156,7082018Assets 2019: $519,303Liabilities 2019: $0Net Assets 2019: $519,3032019Assets 2020: $765,714Liabilities 2020: $0Net Assets 2020: $765,7142020Assets 2021: $1,016,679Liabilities 2021: $0Net Assets 2021: $1,016,6792021Assets 2022: $1,007,518Liabilities 2022: $0Net Assets 2022: $1,007,5182022Assets 2023: $1,073,898Liabilities 2023: $0Net Assets 2023: $1,073,8982023Assets 2024: $1,189,336Liabilities 2024: $0Net Assets 2024: $1,189,3362024

Highlighted filing

2018

Assets$156,708
Liabilities$0
Net Assets$156,708

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2018: $64,318Expenses 2018: $9,484Net Income 2018: $54,8342018Revenue 2019: $299,468Expenses 2019: $2,895Net Income 2019: $296,5732019Revenue 2020: $126,172Expenses 2020: $9,581Net Income 2020: $116,5912020Revenue 2021: $85,385Expenses 2021: $15,028Net Income 2021: $70,3572021Revenue 2022: $386,600Expenses 2022: $12,703Net Income 2022: $373,8972022Revenue 2023: $129,119Expenses 2023: $12,551Net Income 2023: $116,5682023Revenue 2024: $42,035Expenses 2024: $41,352Net Income 2024: $6832024

Highlighted filing

2018

Revenue$64,318
Expenses$9,484
Net Income$54,834
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 16, 2020
Return Version
2018v3.1
Gross Receipts
$73,043
Mission and Program Overview

Mission

Purpose of the foundation is to receive scholarship funds, invest scholarship funds, distribute scholarship dividends to forest park graduates that have applied and been awarded scholarships according to the guidelines of each individual scholarship. Forest park scholarship committee decides on the recipients and gives that information to the forest park foundation members for distribution purposes.

To provide scholarships and grants for individuals and school organizations.

Program Services

DescriptionGrantsExpenses
BUILDING A FUND TO PROVIDE SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS AND SCHOOL ORGANIZATIONS.$0$9,484
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DARYL WATERSTrustee-$0--
BRITT BROZAKTrustee-$0--
STACEY GASPERICHTrustee-$0--
ERICH ZIEGLERTrustee-$0--
JOHN HARRISONPresident-$0--
JIM NOCERINIVice President-$0--
SCOTT KENNEYTreasurer-$0--
BECKY WATERSSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Forest Park Foundation
EIN
35-2578306
Phone
9062144695
Address
801 FOREST PKWY, CRYSTAL FALLS, MI 49920

Signing Officer

Name
Becky Waters
Title
Secretary
Phone
9062144695
Signed
2020-01-16
Discuss with paid preparer
Yes

Preparer

Firm
Haukkala & Co Pc
Address
101 W MAPLE ST, IRON RIVER, MI 49935
Preparer
Eric Haukkala CPA
Phone
9062651040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 22. Description: dividends. Amount: 3,059. Total included on form 990-ez, line 4: 3,081.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: scholarships, grants and other program expenses. Amount: 9,484.

Form 990-ez, Part II, Line 24 - Other Assets

Description: investments. Beg. Of year amount: 99,913. End of year amount: 151,890.

Amended Return Statement

Subsequent to filing form 990-n for the year 2018, it was determined that the organization would likely no longer qualify for filing 990-n and will be required to file 990ez or 990. Accordingly, this 990ez has been prepared to replace the 990-n.

Raw XML Appendix186 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DARYL WATERS
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7BECKY WATERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TRUSTEE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7SECRETARY
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IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE SCHOLARSHIPS AND GRANTS FOR INDIVIDUALS AND SCHOOL ORGANIZATIONS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 22. DESCRIPTION: DIVIDENDS. AMOUNT: 3,059. TOTAL INCLUDED ON FORM 990-EZ, LINE 4: 3,081.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: SCHOLARSHIPS, GRANTS AND OTHER PROGRAM EXPENSES. AMOUNT: 9,484.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: INVESTMENTS. BEG. OF YEAR AMOUNT: 99,913. END OF YEAR AMOUNT: 151,890.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SUBSEQUENT TO FILING FORM 990-N FOR THE YEAR 2018, IT WAS DETERMINED THAT THE ORGANIZATION WOULD LIKELY NO LONGER QUALIFY FOR FILING 990-N AND WILL BE REQUIRED TO FILE 990EZ OR 990. ACCORDINGLY, THIS 990EZ HAS BEEN PREPARED TO REPLACE THE 990-N.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3AMENDED RETURN STATEMENT
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-16
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 W MAPLE ST
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIC HAUKKALA CPA
ReturnHeader/ReturnTs02020-01-16T11:27:51-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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