Civic Intelligence

Joliet Park Foundation Inc.

990 • Fiscal year 2014 • EIN 36-3470651

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 28, 2015

3000 West Jefferson StreetJoliet, IL 60436

(815) 741-7275

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

13th percentile

0.00x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

28th percentile

-4.7%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

35th percentile

-1.5%

Faster asset growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

95th percentile

123%

Faster revenue growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,216,845

Down $18,140 (-1.5%) from 2013

Net Assets

Down

$1,216,845

Down $18,140 (-1.5%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$213,240

Up $117,612 (+123%) from 2013

Expenses

Up

$223,360

Up $149,015 (+200%) from 2013

Net Income

Down

-$10,120

Down $31,403 (-148%) from 2013

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 2013: $1,234,985Liabilities 2013: $0Net Assets 2013: $1,234,9852013Assets 2014: $1,216,845Liabilities 2014: $0Net Assets 2014: $1,216,8452014Assets 2016: $1,227,151Liabilities 2016: $0Net Assets 2016: $1,227,1512016Assets 2017: $992,466Liabilities 2017: $0Net Assets 2017: $992,4662017Assets 2019: $1,122,562Liabilities 2019: $0Net Assets 2019: $1,122,5622019Assets 2020: $1,294,429Liabilities 2020: $0Net Assets 2020: $1,294,4292020Assets 2021: $1,358,850Liabilities 2021: $0Net Assets 2021: $1,358,8502021Assets 2022: $1,140,313Liabilities 2022: $0Net Assets 2022: $1,140,3132022Assets 2023: $1,274,181Liabilities 2023: $0Net Assets 2023: $1,274,1812023Assets 2024: $1,405,836Liabilities 2024: $0Net Assets 2024: $1,405,8362024

Highlighted filing

2014

Assets$1,216,845
Liabilities$0
Net Assets$1,216,845

Operations Trend

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

$600K$400K$200K$0-$200K-$400KRevenue 2013: $95,628Expenses 2013: $74,345Net Income 2013: $21,2832013Revenue 2014: $213,240Expenses 2014: $223,360Net Income 2014: -$10,1202014Revenue 2016: $46,199Expenses 2016: $56,091Net Income 2016: -$9,8922016Revenue 2017: $103,391Expenses 2017: $407,618Net Income 2017: -$304,2272017Revenue 2019: $66,199Expenses 2019: $23,030Net Income 2019: $43,1692019Revenue 2020: $86,807Expenses 2020: $54,998Net Income 2020: $31,8092020Revenue 2021: $225,067Expenses 2021: $102,105Net Income 2021: $122,9622021Revenue 2022: $18,056Expenses 2022: $71,663Net Income 2022: -$53,6072022Revenue 2023: $153,603Expenses 2023: $107,560Net Income 2023: $46,0432023Revenue 2024: $84,014Expenses 2024: $30,622Net Income 2024: $53,3922024

Highlighted filing

2014

Revenue$213,240
Expenses$223,360
Net Income-$10,120
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 28, 2015
Return Version
2014v5.0
Gross Receipts
$228,806
Mission and Program Overview

Mission

The Joliet Park Foundation enhances, promotes and supports quality leisure services in cooperation with the Joliet Park District.

The Joliet Park Foundation raises funds for the support of various activities and facilities of the Joliet Park District.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$437,284$608,426▲ $171,142
Savings and Temporary Cash Investments$797,701$608,419▼ $189,282
Total Assets$1,234,985$1,216,845▼ $18,140
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,242,099$1,204,046▼ $38,053
Unrestricted Net Assets$-7,114$12,799▲ $19,913
Total Net Assets Fund Balance$1,234,985$1,216,845▼ $18,140
Total Liabilities and Net Assets / Fund Balance$1,234,985$1,216,845▼ $18,140
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pat MudronPresident
Nick SakellariouVice President
Ann HintzeBoard Member
Brian FosterBoard Member
Chris AdlerBoard Member
James HallerBoard Member
Jennifer ProsiseBoard Member
Ken MinorBoard Member
Klint DeGeusBoard Member
Lynne LichtenauerBoard Member
Michael ReardonBoard Member
Mike TraftonBoard Member
Steve VaniskoBoard Member
Sue BornhofenBoard Member
William GreinerBoard Member
Rodney TonelliSecretary
Bob LeesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$171,909
Program Service Revenue
$0
Investment Income
$17,147
Other Revenue
$24,184
All Other Contributions
$171,909
Change in Net Assets
$-10,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,806
Revenue Not Reported on Financial Statements
$-15,566
Revenue Not Reported on Form 990
$-2,175
Other Revenue Adjustments
$-15,566
Total Revenue per Audited Statements
$226,631
Total Revenue per Form 990
$213,240
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$203,500
Other Expenses$19,860
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$203,500--$203,500
Travel$12,005--$12,005
Fees for Services Management-$5,000-$5,000
Fees for Services Accounting-$1,965-$1,965
Other Expenses-$281-$281
Total Functional Expenses$215,505$7,855$0$223,360

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$244,771
Expenses per Audited Statements$238,926
Total Expenses per Form 990$223,360
Expenses Not Reported on Form 990$5,845
Expenses Not Reported on Financial Statements$-15,566
Other Expense Adjustments$-15,566
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Joliet Park DistrictJoliet, IL-Capital Projects$203,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,750
Fundraising Direct Expenses$15,566
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Party in the Park$22,275$22,275-$22,275
Moonlight Golf Outing$8,575$8,575$1,930$6,645
Total Events$39,750$39,750$15,566$24,184
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

-- The annual 990 filing is reviewed and approved by the Board President and Board Treasurer prior to filing.

Form 990, Part VI, Section B, Line 15

-- The Joliet Park Foundation does not have any employees and Board Members are not compensated. The Foundation did not reimburse any of the Board Members under any expense reimbursement arrangements in 2014.

Form 990, Part VI, Section B, Line 19

-- The Joliet Park Foundation makes its annual financial statements and 990 filings available to the public upon written request.

Filing and Contact Details

Filer

Filer Name
Joliet Park Foundation
EIN
36-3470651
Phone
8157417275
Address
3000 WEST JEFFERSON STREET, JOLIET, IL 60436

Signing Officer

Name
Robert Lees
Title
Treasurer
Phone
8157417275
Signed
2015-08-28
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
17
Employees
0
Volunteers
30

Preparer

Firm
Blaesing and Associates Ltd
Address
121 SPRINGFIELD AVE, JOLIET, IL 60435
Preparer
Donald J Blaesing CPA
Phone
8157256300
Supplemental Narrative

Financial Statement Notes

XI 2D

-- Non-cash donations to fundraising events were included in the annual financial statements but were properly excluded from the Form 990 filing.

XI 4B

-- Fundraising expenses were reported as operating expenses in the annual financial statements and were reported as a reduction of fundraising receipts in the Form 990 filing.

XII 2D

-- Non-cash donations to fundraising events were included in the annual financial statements but were properly excluded from the Form 990 filing.

XII 4B

-- Fundraising expenses were reported as operating expenses in the annual financial statements and were reported as a reduction of fundraising receipts in the Form 990 filing.

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IRS990/OtherExpensesGrp/TotalAmt2281
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Robert Lees
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0Payment of travel expenses of participants in Special Olympics activities.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012005
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt073476
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt060000
IRS990/PYInvestmentIncomeAmt01467
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt014345
IRS990/PYOtherRevenueAmt020685
IRS990/PYRevenuesLessExpensesAmt021283
IRS990/PYTotalExpensesAmt074345
IRS990/PYTotalRevenueAmt095628
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-10120
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0797701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0608419
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0171909
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt073476
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt043762
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt016063
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0510845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0816055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017147
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01467
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06518
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09966
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt038195
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt030850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt030996
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt021531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt08107
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt011408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0102892
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017147
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01467
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03097
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt06518
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09966
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt038195
IRS990ScheduleA/InvestmentIncomeCYPct00.03990
IRS990ScheduleA/InvestmentIncomePYPct00.03710
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportCY509Pct00.96010
IRS990ScheduleA/PublicSupportPY509Pct00.96290
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt0918947
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0202759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0104472
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt065293
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt024170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0522253
IRS990ScheduleA/Total509Grp/TotalAmt0918947
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0219906
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0105939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt068390
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt030688
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0532219
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0957142
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotReportedAmt05845
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0-15566
IRS990ScheduleD/ExpensesSubtotalAmt0238926
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-8020
IRS990ScheduleD/OtherExpensesIncludedAmt05845
IRS990ScheduleD/OtherExpensesNotIncludedAmt0-15566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherRevenueAmt05845
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-15566
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueNotReportedAmt0-2175
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-15566
IRS990ScheduleD/RevenueSubtotalAmt0228806
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0-- Non-cash donations to fundraising events were included in the annual financial statements but were properly excluded from the Form 990 filing.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1-- Fundraising expenses were reported as operating expenses in the annual financial statements and were reported as a reduction of fundraising receipts in the Form 990 filing.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2-- Non-cash donations to fundraising events were included in the annual financial statements but were properly excluded from the Form 990 filing.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3-- Fundraising expenses were reported as operating expenses in the annual financial statements and were reported as a reduction of fundraising receipts in the Form 990 filing.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0XI 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1XI 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2XII 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3XII 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt0223360
IRS990ScheduleD/TotalRevenuePerForm990Amt0213240
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0226631
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0244771
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt015566
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Party in the Park
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Moonlight Golf Outing
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt07592
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt07592
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt08575
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt08900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt039750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt08575
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt08900
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt039750
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt024184
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt06044
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07974
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt01930
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01

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