Civic Intelligence

Forest Park Foundation

990 • Fiscal year 2022 • EIN 35-2578306

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 30, 2023

Organization ProfileFORESTPARKFOUNDATION.ORG
801 Forest ParkwayCrystal Falls, MI 49920

(906) 214-4695

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

17th percentile

0.00x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

43rd percentile

-0.9%

Faster asset growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

353%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$1,007,518

Down $9,161 (-0.9%) from 2021

Net Assets

Down

$1,007,518

Down $9,161 (-0.9%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin98th percentile

Revenue

Up

$386,600

Up $301,215 (+353%) from 2021

Expenses

Down

$12,703

Down $2,325 (-15%) from 2021

Net Income

Up

$373,897

Up $303,540 (+431%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth43rd percentile

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

2022

Assets$1,007,518
Liabilities$0
Net Assets$1,007,518
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

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

2022

Revenue$386,600
Expenses$12,703
Net Income$373,897
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 30, 2023
Return Version
2022v5.0
Gross Receipts
$511,784
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$969,947$1,004,576▲ $34,629
Savings and Temporary Cash Investments$46,732$2,942▼ $43,790
Total Assets$1,016,679$1,007,518▼ $9,161
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,016,679$1,007,518▼ $9,161
Total Net Assets Fund Balance$1,016,679$1,007,518▼ $9,161
Total Liabilities and Net Assets / Fund Balance$1,016,679$1,007,518▼ $9,161
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Becky WatersPresident
Christy LarsenDirector
Daryl WatersDirector
Erich ZieglerDirector
Gordon MarcinakDirector
Jamie KruegerDirector
Jim NoceriniDirector
Stacy GasperichDirector
Britt BrozakSecretary
Kathy StankewiczTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$120,160
Program Service Revenue
$0
Investment Income
$266,434
Other Revenue
$6
All Other Contributions
$120,160
Change in Net Assets
$373,897

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 Traded8$114,882Fair Market Value (FMV) at Date of Donation
Total Noncash Contributions8$114,882-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$7,500
Other Expenses$5,203
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$7,500--$7,500
Fees for Services Accounting-$5,046-$5,046
Other Expenses-$12-$12
Total Functional Expenses$7,500$5,203$0$12,703
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
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 A, Line 2

“Board members daryl waters and becky waters have a family relationship.”

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

“The president and treasurer will review and approve a draft copy of the form 990 before it is filed. It will be made available to the other board members upon request.”

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

“The conflict of interest policy is reviewed by all board members on an annual basis. Each board member must file a potential conflict report in connection with the board selection process. Existing board members must file a potential conflict report annually in june with the president.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Becky Waters
Title
Vice President
Phone
9062144695
Signed
2023-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jamie Krueger
Formed
2017
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Cliftonlarsonallen Llp
Address
1175 LOMBARDI AVENUE SUITE 200, GREEN BAY, WI 54304
Preparer
Wendy Mallo
Phone
9204367800
Raw XML Appendix387 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/MissionDesc0PURPOSE 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.
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE FOUNDATION MAINTAINS A CONTINUOUS PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY. THE FOUNDATION RELIES ON CONTRIBUTIONS FROM THE GENERAL PUBLIC TO SUPPORT ITS MISSION OF GRANTING SCHOLARSHIPS TO FOREST PARK GRADUATES. THE FOUNDATION'S GOVERNING BODY REPRESENTS THE BROAD INTERESTS OF THE PUBLIC. THERE HAS BEEN ONE INDIVIDUAL DONOR WHO HAS DONATED A SIGNIFICANT AMOUNT IN EACH OF THE FOUNDATION'S FIRST FEW YEARS TO HELP GET THE FOUNDATION ESTABLISHED. THIS IS THE REASON WHY THE PUBLIC SUPPORT PERCENTAGE IS LESS THAN 33 1/3%.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2022 AMOUNT: $ 6.
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIPS ARE GIVEN TO FOREST PARK GRADUATES THAT HAVE APPLIED AND BEEN AWARDED SCHOLARSHIPS ACCORDING TO THE GUIDELINES OF EACH INDIVIDUAL SCHOLARSHIP. THE FOREST PARK SCHOLARSHIP COMMITTEE DECIDES ON THE RECIPIENTS OF THE SCHOLARSHIPS AND GIVES THAT INFORMATION TO THE FOREST PARK FOUNDATION MEMBERS FOR DISTRIBUTION PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION REPORTS IN COLUMN B THE NUMBER OF ITEMS CONTRIBUTED.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, COLUMN (B):
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS DARYL WATERS AND BECKY WATERS HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND TREASURER WILL REVIEW AND APPROVE A DRAFT COPY OF THE FORM 990 BEFORE IT IS FILED. IT WILL BE MADE AVAILABLE TO THE OTHER BOARD MEMBERS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED BY ALL BOARD MEMBERS ON AN ANNUAL BASIS. EACH BOARD MEMBER MUST FILE A POTENTIAL CONFLICT REPORT IN CONNECTION WITH THE BOARD SELECTION PROCESS. EXISTING BOARD MEMBERS MUST FILE A POTENTIAL CONFLICT REPORT ANNUALLY IN JUNE WITH THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TaxExemptBondsInd00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07500
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BECKY WATERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09062144695
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOREST PARK FOUNDATION
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01175 LOMBARDI AVENUE SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREEN BAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd054304
ReturnHeader/PreparerPersonGrp/PhoneNum09204367800
ReturnHeader/PreparerPersonGrp/PreparationDt02023-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WENDY MALLO
ReturnHeader/ReturnTs02023-07-10T15:08:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BECKY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WATERS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,007,518
Liabilities
$0
Net assets
$1,007,518
Revenue
$386,600
Expenses
$12,703
Net income
$373,897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.04$0.04$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.13$0.01$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.39$0.01$0.37
2021Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.09$0.02$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.13$0.01$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.30$0.00$0.30
2018Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.06$0.01$0.05