Civic Intelligence

Petaluma River Park Foundation Inc

EIN 84-2431277 • 501(c)3 • Petaluma, CA

Profile

The mission of the petaluma river park foundation is to meet our vital need for shared space that connects people, art, and nature. We envision a vibrant, welcoming park that fosters a love for nature, sparks creativity, and unifies our community for generations to come.

159 H Street BPetaluma, CA 94952

www.petalumariverpark.org

Siviq Scores

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

Liabilities / Assets

16th percentile

0.01x

Higher debt load relative to assets than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

16th percentile

0.03x

Higher debt load relative to revenue than 16% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

92nd percentile

62%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

84th percentile

25%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$12,597,362

Up $2,535,968 (+25%) from 2023

Liabilities

Down

$138,347

Down $7,660 (-5.2%) from 2023

Net Assets

Up

$12,459,015

Up $2,543,628 (+26%) from 2023

Revenue

Down

$4,071,125

Down $4,590,000 (-53%) from 2023

Expenses

Up

$1,527,497

Up $501,950 (+49%) from 2023

Net Income

Down

$2,543,628

Down $5,091,950 (-67%) from 2023

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2019: $689,313Liabilities 2019: $6,173Net Assets 2019: $683,1402019Assets 2020: $1,377,889Liabilities 2020: $10,901Net Assets 2020: $1,366,9882020Assets 2021: $1,950,667Liabilities 2021: $6,707Net Assets 2021: $1,943,9602021Assets 2022: $2,297,230Liabilities 2022: $17,500Net Assets 2022: $2,279,7302022Assets 2023: $10,061,394Liabilities 2023: $146,007Net Assets 2023: $9,915,3872023Assets 2024: $12,597,362Liabilities 2024: $138,347Net Assets 2024: $12,459,0152024

Highlighted filing

2024

Assets$12,597,362
Liabilities$138,347
Net Assets$12,459,015

Operations Trend

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

$10M$5.0M$0Revenue 2019: $703,719Expenses 2019: $19,948Net Income 2019: $683,7712019Revenue 2020: $703,966Expenses 2020: $20,604Net Income 2020: $683,3622020Revenue 2021: $641,629Expenses 2021: $64,657Net Income 2021: $576,9722021Revenue 2022: $754,422Expenses 2022: $418,652Net Income 2022: $335,7702022Revenue 2023: $8,661,125Expenses 2023: $1,025,547Net Income 2023: $7,635,5782023Revenue 2024: $4,071,125Expenses 2024: $1,527,497Net Income 2024: $2,543,6282024

Highlighted filing

2024

Revenue$4,071,125
Expenses$1,527,497
Net Income$2,543,628

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$4,071,125
Mission and Program Overview

Mission

The mission of the Petaluma River Park Foundation is to meet our vital need for shared space that connects people art and nature. We envision a vibrant welcoming park that fosters a love for nature sparks creativity and unifies our community for generations to come.

To meet our vital need for shared space that connects people, art, and nature.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,540,839$10,383,008▲ $8,842,169
Pledges and Grants Receivable$10,000$614,600▲ $604,600
Savings and Temporary Cash Investments$8,066,274$535,729▼ $7,530,545
Accounts Receivable$105,915$533,929▲ $428,014
Cash and Non-Interest-Bearing Accounts$221,132$327,478▲ $106,346
Prepaid Expenses and Deferred Charges$17,234$143,383▲ $126,149
Total Assets$10,061,394$12,597,362▲ $2,535,968
Other Assets Total$100,000$59,235▼ $40,765
Liabilities
Accounts Payable and Accrued Expenses$146,007$126,035▼ $19,972
Other Liabilities$0$12,312▲ $12,312
Total Liabilities$146,007$138,347▼ $7,660
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,898,232$11,844,956▲ $9,946,724
Net Assets With Donor Restrictions$8,017,155$614,059▼ $7,403,096
Total Net Assets Fund Balance$9,915,387$12,459,015▲ $2,543,628
Total Liabilities and Net Assets / Fund Balance$10,061,394$12,597,362▲ $2,535,968

Asset Categories

AssetBook ValueDepreciationBasis
Land$9,295,029-$9,295,029
Leasehold Improvements$1,077,486-$1,077,486
Equipment$10,493$4,497$14,990
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Seair LorentzExecutive DirectorFT$172,557$15,782$188,339
Marge LimbertDevelopment DirectorFT$134,550-$134,550

Board Members and Trustees

NameTitle
David DuskinPresident/chair
Deborah SmithVice Chair
Ana Cordova BelikBoard Member
Eliza HooshiarBoard Member
Ned FoleyBoard Member
Ray FortBoard Member
Stephanie BlakeBoard Member
Susan RockriseBoard Member
Tatiana Mora-liautaudBoard Member
Sean Paul LorentzSecretary
Jorge ServinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,307,719
Program Service Revenue
$702,613
Investment Income
$60,793
Other Revenue
$0
All Other Contributions
$3,301,719
Change in Net Assets
$2,543,628

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 Amount
Other Non Cash Contri Table1$35,153
Other Non Cash Contri Table1$12,664
Other Non Cash Contri Table1$7,500
Total Noncash Contributions3$55,317

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,071,125
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$61,981
Total Revenue per Audited Statements
$4,133,106
Total Revenue per Form 990
$4,071,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$887,906
Salaries, Compensation, and Employee Benefits$639,591
Total Fundraising Expense$298,690
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$275,183$82,521$23,122$380,826
Current Officers, Directors, Trustees, and Key Employees$97,266$106,305$119,318$322,889
Other Salaries and Wages$67,050$73,281$82,252$222,583
Occupancy$10,082$142,392-$152,474
Advertising$70,426$3,218$29,020$102,664
Other Expenses$79,792$19,935-$99,727
Fees for Services Accounting$48,778$14,627$4,099$67,504
Other Employee Benefits$15,315$16,738$18,787$50,840
Payroll Taxes$13,037$14,249$15,993$43,279
Office Expenses$7,666$14,960$1,924$24,550
Information Technology$6,969$12,924$3,856$23,749
Travel$8,337$9,279$74$17,690
Insurance$1,679$8,509-$10,188
Depreciation Depletion$4,497--$4,497
Fees for Services Legal$2,917$875$245$4,037
Total Functional Expenses$708,994$519,813$298,690$1,527,497

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,589,478
Expenses per Audited Statements$1,527,497
Total Expenses per Form 990$1,527,497
Expenses Not Reported on Form 990$61,981
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$12,312
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Sean paul lorentz and seair lorentz have a family relationship.

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

The board of directors reviewed form 990 before filing.

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

Board of directors and staff are required to review the policy annually with confirmation by signature.

Form 990, Part VI, Section B, Line 15A

The organization had an ad hoc subcommittee of the board consisting of vice chair, the chair of the finance committee and another board member review comparative salary data to determine market rate for the executive director position as part of the annual review. The committee used the norcal salary survey to compare a multitude of organizations by size, mission, location, and etc.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request for the same period of time set forth in sec. 6104(d).

Filing and Contact Details

Filer

Filer Name
Petaluma River Park Foundation Inc
EIN
84-2431277
Phone
7072771655
Address
159 H STREET B, PETALUMA, CA 94952

Signing Officer

Name
Seair Lorentz
Title
Executive Director
Phone
7072771655
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Seair Lorentz
Formed
2019
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
10
Employees
9
Volunteers
11

Preparer

Firm
Hood & Strong Llp
Address
2580 N 1ST ST STE 460, SAN JOSE, CA 95131
Preparer
Maga E Kisriev
Phone
4089988400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract services: program service expenses 275,183. Management and general expenses 82,521. Fundraising expenses 23,122. Total expenses 380,826.

Financial Statement Notes

Form 990, Part X

The foundation is a nonprofit corporation under internal revenue code section 501(c)(3) and has been granted tax-exempt status by the internal revenue service and the california revenue and taxation code. As of december 31, 2024, the foundation had no unrecognized tax positions or uncertain tax positions requiring accrual. Therefore, no provision for income taxes has been provided in the financial statements. As of december 31, 2024, the foundation has reviewed its tax positions and has concluded no reserve for uncertain tax positions is required.

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IRS990/Desc0IN 2024, THE PETALUMA RIVER PARK FOUNDATION MADE MAJOR STRIDES TOWARD REALIZING ITS VISION OF A 35-ACRE URBAN PARK THAT PROMOTES EQUITY, ECOLOGICAL RESILIENCE, AND COMMUNITY HEALTH. WITH SUPPORT FROM DONORS AND PUBLIC AGENCIES, THE FOUNDATION ACQUIRED THE PIVOTAL 500 HOPPER STREET PROPERTY, EXPANDING THE PARK'S FOOTPRINT AND ENABLING GREATER ACCESS BETWEEN EAST AND WEST PETALUMA (OPEN FOR GUIDED TOURS). OVER 1,200 RESIDENTS PARTICIPATED IN A COMMUNITY-LED CONCEPT PLANNING PROCESS, INCLUDING AN INNOVATIVE COMMUNITY PARK DESIGNERS PROGRAM AND ARTIST-LED WORKSHOPS THAT ELEVATED MARGINALIZED VOICES. THE FOUNDATION MAINTAINED THE PARK, CONTINUED PUBLIC PROGRAMMING, COMPLETED CRITICAL INFRASTRUCTURE IMPROVEMENTS SUCH AS A SHADED GATHERING AREA, AND LAUNCHED ITS STRATEGIC CAPITAL CAMPAIGN PLANNING. STRONG PARTNERSHIPS WERE CULTIVATED WITH THE CITY OF PETALUMA, PUBLIC AGENCIES, AND REGIONAL NONPROFITS, REINFORCING THE FOUNDATION'S ROLE AS A LEADER IN INCLUSIVE, NATURE-BASED PLACEMAKING.
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MISSION OF THE PETALUMA RIVER PARK FOUNDATION IS TO MEET OUR VITAL NEED FOR SHARED SPACE THAT CONNECTS PEOPLE, ART, AND NATURE. WE ENVISION A VIBRANT, WELCOMING PARK THAT FOSTERS A LOVE FOR NATURE, SPARKS CREATIVITY, AND UNIFIES OUR COMMUNITY FOR GENERATIONS TO COME.
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0100000
IRS990/OtherAssetsTotalGrp/EOYAmt059235
IRS990/OtherChangesInNetAssetsAmt00
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt050840
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
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IRS990/PayrollTaxesGrp/FundraisingAmt015993
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IRS990/PayrollTaxesGrp/ProgramServicesAmt013037
IRS990/PayrollTaxesGrp/TotalAmt043279
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt010000
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RevenueAmt0702613
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08066274
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0535729
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/FactsAndCircumstancesTestTxt0REG. SEC. 1.170A-9(F)(3)(II)PETALUMA RIVER PARK FOUNDATION IS AN ORGANIZATION THAT MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC AND COMMUNITY. DURING 2024, THE FOUNDATION EXPENDED $298,690, OR 19.55% OF TOTAL FUNCTIONAL EXPENSES, ON FUNDRAISING ACTIVITIES. REG. SEC. 1.170A-9(F)(3)(III)(A)AS OF THE TAX YEAR END, THE FOUNDATION RECEIVED 16.59% OF TOTAL FINANCIAL SUPPORT FROM THE PUBLIC, 6.59% ABOVE THE REQUIREMENT OF REG. SEC. 1.1790A-9(F)(3)(I). REG. SEC. 1.170A-9(F)(3)(III)(B)THE FOUNDATION RECEIVES SUPPORT FROM A REPRESENTATIVE NUMBER OF PERSONS TO FUND PROGRAMS TO CREATE AN INCLUSIVE AND ACCESSIBLE OUTDOOR PLACE THAT ENRICHES THE LIVES OF ALL RESIDENTS AND VISITORS TO PETALUMA. REG. SEC. 1.170A-9(F)(3)(III)(C)INDIVIDUALS WHO SERVE ON THE GOVERNING BODY OF THE FOUNDATION ARE FROM A VARIETY OF BACKGROUNDS SPANNING A WIDE RANGE OF INDUSTRY SECTORS. THE BOARD INCLUDES REPRESENTATIVES FROM NONPROFIT ORGANIZATIONS, ART, EDUCATION AND COMMUNITY ENGAGEMENT, PUBLIC HEALTH, PARKS AND RECREATION AND BUSINESSES.REG. SEC. 1.170A-9(F)(3)(III)(D)WITH FUNDING FROM MORE THAN 400 INDIVIDUALS AND ORGANIZATIONS, THE FOUNDATION WAS ABLE TO PURCHASE A RARE, UNDEVELOPED PIECE OF LAND ON THE PETALUMA WATERFRONT IN LATE 2020. TO CREATE A PARK FOR ALL MEMBERS OF THE COMMUNITY TO GATHER, TO ENJOY, AND TO LEARN ABOUT EACH OTHER, ART, NATURE AND MORE. IN 2024, THE FOUNDATION ACQUIRED THE PIVOTAL 500 HOPPER STREET PROPERTY, EXPANDING THE PARK'S FOOTPRINT AND ENABLING GREATER ACCESS BETWEEN EAST AND WEST PETALUMA (OPEN FOR GUIDED TOURS). OVER 1,200 RESIDENTS PARTICIPATED IN A COMMUNITY-LED CONCEPT PLANNING PROCESS, INCLUDING AN INNOVATIVE COMMUNITY PARK DESIGNERS PROGRAM AND ARTIST-LED WORKSHOPS THAT ELEVATED MARGINALIZED VOICES. THE FOUNDATION MAINTAINED THE PARK, CONTINUED PUBLIC PROGRAMMING, COMPLETED CRITICAL INFRASTRUCTURE IMPROVEMENTS SUCH AS A SHADED GATHERING AREA.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08490736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0754418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0647910
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IRS990ScheduleA/PublicSupportCY170Pct00.16590
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IRS990ScheduleA/SubstantialContributorsTotAmt011559843
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IRS990ScheduleA/TotalSupportAmt014135935
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IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt061981
IRS990ScheduleD/DonatedServicesUseFcltsAmt061981
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt04497
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014990
IRS990ScheduleD/ExpensesNotReportedAmt061981
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01527497
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt09295029
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01077486
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01077486
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NONPROFIT CORPORATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND HAS BEEN GRANTED TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE AND THE CALIFORNIA REVENUE AND TAXATION CODE. AS OF DECEMBER 31, 2024, THE FOUNDATION HAD NO UNRECOGNIZED TAX POSITIONS OR UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2024, THE FOUNDATION HAS REVIEWED ITS TAX POSITIONS AND HAS CONCLUDED NO RESERVE FOR UNCERTAIN TAX POSITIONS IS REQUIRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART X
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IRS990ScheduleD/TotalRevenuePerForm990Amt04071125
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0SEAIR LORENTZ
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