Civic Intelligence

Park Pals Inc.

990EZ • Fiscal year 2022 • EIN 83-0665856

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 04, 2023

P O Box 6Newburgh, IN 47629-0006

(812) 499-5597

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2022

Net Margin

5th percentile

-142%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

9th percentile

-54%

Faster asset growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-48%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$63,593

Down $75,676 (-54%) from 2021

Net Assets

Down

$63,593

Down $75,676 (-54%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$53,453

Down $49,392 (-48%) from 2021

Expenses

Up

$129,129

Up $93,173 (+259%) from 2021

Net Income

Down

-$75,676

Down $142,565 (-213%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2021: $139,269Net Assets 2021: $139,2692021Assets 2022: $63,593Net Assets 2022: $63,5932022Assets 2023: $61,560Net Assets 2023: $61,5602023Assets 2024: $196,446Liabilities 2024: $0Net Assets 2024: $196,4462024

Highlighted filing

2022

Assets$63,593
Liabilities-
Net Assets$63,593

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2021: $102,845Expenses 2021: $35,956Net Income 2021: $66,8892021Revenue 2022: $53,453Expenses 2022: $129,129Net Income 2022: -$75,6762022Revenue 2023: $12,264Expenses 2023: $14,297Net Income 2023: -$2,0332023Revenue 2024: $239,136Expenses 2024: $104,251Net Income 2024: $134,8852024

Highlighted filing

2022

Revenue$53,453
Expenses$129,129
Net Income-$75,676
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 4, 2023
Return Version
2022v5.0
Gross Receipts
$53,453
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
The organization donated $121,259 to the Town of Newburgh to purchase playground equipment for Lou Dennis Park in Newburgh as part of an initiative to renovate the park.$121,259$121,259
the organization donated $7,339 to a different non-profit organization in Newburgh IN that is restoring a log cabin in a Newburgh Park. These funds had been raised for that specific purpose.$7,339$7,339
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe KuhnPresident-$0--
Michael CarrollTreasurer-$0--
Susan MelfiMember At Large-$0--
Heather CutrellMember At Large-$0--
Jordan DantSecretary-$0--
Steve MunchMember At Large-$0--
Mary Anne WilsbacherNewburgh Parks Board LiaisonPT$0--
Nick GoldingPro-Bono Counsel-$0--
Filing and Contact Details

Filer

Filer Name
Park Pals Inc
EIN
83-0665856
In Care Of
% Michael Carroll
Address
P O Box 6, Newburgh, IN 47629-0006

Signing Officer

Name
Michael B Carroll
Title
CPA Treasurer
Signed
2023-07-04
Supplemental Narrative

Additional Explanations

Part I, line 10

| Grants And Similar Amounts Paid:, Amount:| Of the amount shown on this line $121,259 was paid to the town of Newburgh Indiana located at 23 W. Jennings Street in Newburgh Indiana to purchase playground equipment for a park in Newburgh as detailed within Park Pals bylaws and primary purposes. The additional $7,339 was paid to another non-profit organization in the town of Newburgh to help fund a project they are executing within a Newburgh park., $128597|

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1the organization donated $7,339 to a different non-profit organization in Newburgh IN that is restoring a log cabin in a Newburgh Park. These funds had been raised for that specific purpose.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| Year:, Amount:, Description:| 2018, 133, Sale of T Shirts & Misc. Income| 2019, 6977Project Fundraisers| 2020, | 2021, 40Sale of T Shirts & Misc. Income| 2022, |
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Grants And Similar Amounts Paid:, Amount:| Of the amount shown on this line $121,259 was paid to the town of Newburgh Indiana located at 23 W. Jennings Street in Newburgh Indiana to purchase playground equipment for a park in Newburgh as detailed within Park Pals bylaws and primary purposes. The additional $7,339 was paid to another non-profit organization in the town of Newburgh to help fund a project they are executing within a Newburgh park., $128597|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael B Carroll
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CPA Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARK PALS INC
ReturnHeader/Filer/BusinessNameControlTxt0PARK
ReturnHeader/Filer/EIN0830665856
ReturnHeader/Filer/ForeignPhoneNum08124995597
ReturnHeader/Filer/InCareOfNm0% Michael Carroll
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 6
ReturnHeader/Filer/USAddress/CityNm0Newburgh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0476290006
ReturnHeader/ReturnTs02023-07-04T01:33:53-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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