Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Friends of Ferrum Park Inc
EIN 93-2202112 • 501(c)3 • Ferrum, VA
Profile
To preserve, maintain, and operate a community-owned public park providing outdoor recreation, environmental education, and community programming.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.92x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
63rd percentile
Faster revenue growth than 63% of similar nonprofits.
Balance Sheet
Assets
Down$262,200
Down $31,733 (-11%) from 2024
Liabilities
Down$240,000
Down $8,476 (-3.4%) from 2024
Net Assets
Down$22,200
Down $23,257 (-51%) from 2024
Revenue
Up$62,704
Up $5,197 (+9.0%) from 2024
Expenses
Up$54,486
Up $40,190 (+281%) from 2024
Net Income
Down$8,218
Down $34,993 (-81%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $262,200
- Liabilities
- $240,000
- Net assets
- $22,200
- Revenue
- $62,704
- Expenses
- $54,486
- Net income
- $8,218
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Jan 28, 2026
- Return Version
- 2024v5.0
- Gross Receipts
- $81,991
Mission and Program Overview
Mission
The organizations primary exempt purpose is to provide and maintain a publicly accessible community park and to offer inclusive community programming that promotes outdoor recreation local culture education and social connection. The organization advances this purpose through stewardship of parkland infrastructure improvements and the coordination of community-based events and activities that encourage public engagement and access to shared green space.
To preserve, maintain, and operate a community-owned public park providing outdoor recreation, environmental education, and community programming.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Program Title: Operation and Preservation of Ferrum Park Description of activities and accomplishments: During the fiscal year, the organization acquired and operated an 84-acre community-owned public park in Ferrum, Virginia. Activities included maintaining public access to park land, improving site infrastructure, and providing outdoor recreational space for the local community. The organization managed ongoing stewardship of the property, including land maintenance, accessibility improvements, and preparation for public programming and events. Persons benefited: The park is open to the general public and benefits residents of Ferrum and the surrounding Franklin County area, including families, individuals, and community groups. Thousands of community members benefited from free public access to outdoor recreational space during the year. | $0 | $22,990 |
| Program Title: Community Farm & Craft Market The organization operated a seasonal farm and craft market to increase community access to locally produced food and handmade goods, support local farmers and artisans, and encourage public use of the park. The market provided a regular community gathering space and promoted local economic activity. Persons Benefited: Local residents, farmers, artisans, and community members, including families and elderly residents. | $0 | $320 |
| Program Title: Environmental Stewardship and Accessibility Improvements Description of activities and accomplishments: The organization undertook environmental stewardship efforts to preserve the natural character of the park while improving accessibility and usability. Activities included trail planning and maintenance, site improvements to support safe public access, and efforts to remove physical barriers to participation. These initiatives supported the organization's mission to provide inclusive access to outdoor recreation. Persons benefited: Community members of all ages and abilities benefited from improved access to park facilities and natural areas. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Katherine Champney | Secretary | PT | $0 | - | - |
| Susan Selvage | Treasurer | PT | $0 | - | - |
| Rebecca Saunders | President | FT | $0 | - | - |
| Christina Inman | Community Engagement Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Friends of Ferrum Park Inc
- EIN
- 93-2202112
- Phone
- 9207404029
- Address
- 245 Natures Own Rd, Ferrum, VA 24088
Signing Officer
- Name
- Rebecca Saunders
- Title
- President
- Phone
- 9207404029
- Signed
- 2026-01-28
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part II, Line 26
“During the fiscal year, the organization acquired park land financed through a mortgage. The liability reported on Line 26 represents the outstanding principal balance of the mortgage as of June 30, 2025.”
Raw XML Appendix196 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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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Katherine Champney |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Christina Inman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Community Engagement Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 0 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 0 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | To preserve, maintain, and operate a community-owned public park providing outdoor recreation, environmental education, and community programming. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 5360 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 4199 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Program Title: Operation and Preservation of Ferrum Park Description of activities and accomplishments: During the fiscal year, the organization acquired and operated an 84-acre community-owned public park in Ferrum, Virginia. Activities included maintaining public access to park land, improving site infrastructure, and providing outdoor recreational space for the local community. The organization managed ongoing stewardship of the property, including land maintenance, accessibility improvements, and preparation for public programming and events. Persons benefited: The park is open to the general public and benefits residents of Ferrum and the surrounding Franklin County area, including families, individuals, and community groups. Thousands of community members benefited from free public access to outdoor recreational space during the year. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | Program Title: Environmental Stewardship and Accessibility Improvements Description of activities and accomplishments: The organization undertook environmental stewardship efforts to preserve the natural character of the park while improving accessibility and usability. Activities included trail planning and maintenance, site improvements to support safe public access, and efforts to remove physical barriers to participation. These initiatives supported the organization's mission to provide inclusive access to outdoor recreation. Persons benefited: Community members of all ages and abilities benefited from improved access to park facilities and natural areas. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | Program Title: Community Farm & Craft Market The organization operated a seasonal farm and craft market to increase community access to locally produced food and handmade goods, support local farmers and artisans, and encourage public use of the park. The market provided a regular community gathering space and promoted local economic activity. Persons Benefited: Local residents, farmers, artisans, and community members, including families and elderly residents. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 2 | 0 |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 320 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
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| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
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| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 25456 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 240000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
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| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | Gross receipts reported on Part III, line 12 consist of revenue from community fundraising events and related activities conducted in support of the organization's exempt purposes, including event admissions and vendor participation fees. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | Schedule A, Part III, Line 12 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 44743 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 0 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | During the fiscal year, the organization acquired park land financed through a mortgage. The liability reported on Line 26 represents the outstanding principal balance of the mortgage as of June 30, 2025. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part II, Line 26 |
| ReasonableCauseExplanation/ExplanationTxt | 0 | This filing was delayed due to reasonable cause. This was the organization's first year required to file Form 990-EZ, and the organization was unfamiliar with the filing requirements and complexity of the return. During the filing period, the organization's primary officer responsible for compliance experienced ongoing illness, which limited capacity while continuing to operate the organization and carry out essential fundraising and program activities. Upon recognizing the filing requirement, the organization acted in good faith to complete and submit the return as promptly as possible. The organization has taken steps to ensure timely filing in future years. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Rebecca Saunders |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9207404029 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-01-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FRIENDS OF FERRUM PARK INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FRIE |
| ReturnHeader/Filer/EIN | 0 | 932202112 |
| ReturnHeader/Filer/PhoneNum | 0 | 9207404029 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 245 Natures Own Rd |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Ferrum |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 24088 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2026-01-28T10:19:12-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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