Civic Intelligence

Friends of Rea Park Inc

EIN 47-2249352 • 501(c)3 • Terre Haute, IN

Profile

Raise funds to support the historic Rea Park Club House and golf course that is owned by the city of Terre Haute, Indiana.

PO Box 3304Terre Haute, IN 47803

friendsofreapark.com

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

3rd percentile

-893%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

13th percentile

-84%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

6th percentile

-92%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$163,677

Down $405,749 (-71%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$163,677

Down $405,749 (-71%) from 2023

Revenue

Up

$195,112

Up $6,698 (+3.6%) from 2023

Expenses

Up

$600,861

Up $599,922 (+63889%) from 2023

Net Income

Down

-$405,749

Down $593,224 (-316%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2021: $243,158Liabilities 2021: $0Net Assets 2021: $243,1582021Assets 2022: $381,951Liabilities 2022: $0Net Assets 2022: $381,9512022Assets 2023: $569,426Liabilities 2023: $0Net Assets 2023: $569,4262023Assets 2024: $163,677Liabilities 2024: $0Net Assets 2024: $163,6772024

Highlighted filing

2024

Assets$163,677
Liabilities$0
Net Assets$163,677

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $175,719Expenses 2021: $195Net Income 2021: $175,5242021Revenue 2022: $140,664Expenses 2022: $1,871Net Income 2022: $138,7932022Revenue 2023: $188,414Expenses 2023: $939Net Income 2023: $187,4752023Revenue 2024: $195,112Expenses 2024: $600,861Net Income 2024: -$405,7492024

Highlighted filing

2024

Revenue$195,112
Expenses$600,861
Net Income-$405,749

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$195,112
Mission and Program Overview

Mission

To collect, promote, and disseminate knowledgeand information concerning William S. Rea and Geraldine A. Rea and their namesake public work as well as spearhead efforts to raise funds for the aforementioned park.

Program Services

DescriptionGrantsExpenses
Received $171,360 in contributions for renovation of the Clubhouse at William S. Rea Park.$0$600,861
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael L HardingPresident-$0--
O Earl ElliottTreasurer-$0--
William VerdeyenVice President-$0--
William OlahSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Friends of Rea Park Inc
EIN
47-2249352
Phone
8122329492
Address
PO Box 3304, Terre Haute, IN 47803

Signing Officer

Name
O Earl Elliott
Title
Treasurer
Phone
8122329492
Signed
2025-11-05
Discuss with paid preparer
Yes

Preparer

Firm
Sackrider & Company Inc
Address
1925 Wabash Ave, Terre Haute, IN 47807
Preparer
O Earl Elliott CPA
Phone
8122329492
Supplemental Narrative

Additional Explanations

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

Description: Interest. Amount: 23,752.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: . Grantee Name: City of Terre Haute. Grantee Address: 17 Harding Ave Terre Haute, IN 47807. Date of Gift: 03/15/24. Amount Given: 100,000.

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

Activity Classification: . Grantee Name: City of Terre Haute. Grantee Address: 17 Harding Ave Terre Haute, IN 47807. Date of Gift: 07/31/24. Amount Given: 500,030. Total included on Form 990-EZ, line 10: 600,030.

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

Description: Office Expense. Amount: 265. Description: Advertising & Promotion. Amount: 216. Total to Form 990-EZ, line 16: 481.

Raw XML Appendix184 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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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1Cash disbursed for the renovation of the Clubhouse at William S. Rea Park
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IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02024-03-15
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest. Amount: 23,752.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: . Grantee Name: City of Terre Haute. Grantee Address: 17 Harding Ave Terre Haute, IN 47807. Date of Gift: 03/15/24. Amount Given: 100,000.
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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/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0O Earl Elliott
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08122329492
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Friends of Rea Park Inc
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0472249352
ReturnHeader/Filer/PhoneNum08122329492
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 3304
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351327464
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Terre Haute
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd047807
ReturnHeader/PreparerPersonGrp/PhoneNum08122329492
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0O Earl Elliott CPA
ReturnHeader/ReturnTs02025-11-05T10:20:30-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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