STRATEGY STUDIO / PUBLIC DATA EXPLORER

PARKS FOUNDATION: Form 990PF, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
PARKS FOUNDATION (EIN 20-0423443)
Tax period
2017-09-01 to 2018-08-31
Filed
2018-12-10
IRS object ID
201803449349100205
Schema version
2017v2.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-12-10T15:34:34-08:00ReturnTs
Tax Period End2018-08-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN931212696PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kevin W Keithley CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1715 SW Morrison Ste 700AddressLine1Txt
CityPortlandCityNm
State AbbreviationORStateAbbreviationCd
ZIP97205ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2017-09-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN200423443EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Parks FoundationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARKBusinessNameControlTxt
Phone5036497007PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11131 Geneva AveAddressLine1Txt
CityHendersonCityNm
State AbbreviationNVStateAbbreviationCd
ZIP89015ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLoren E ParksPersonNm
Person TitlePresidentPersonTitleTxt
Signature2018-12-04SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKevin W KeithleyPreparerPersonNm
PTINP01366864PTIN
Phone5032285585PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,327,482FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$22,480InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$22,480InterestOnSavNetInvstIncmAmt
Total Rev And Expnss$22,480TotalRevAndExpnssAmt
Total Net Invst Incm$22,480TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,390AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$179TaxesRevAndExpnssAmt
Taxes Net Invst Incm$179TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$221OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$1,790TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$179TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$186,000ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$186,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$187,790TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$179TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$186,000TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$165,310ExcessRevenueOverExpensesAmt
Net Investment Income$22,301NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$639,998SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$1,699,987SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$1,699,987SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$2,850,000OtherInvestmentsBOYAmt
Other Investments EOY$1,624,701OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,627,495OtherInvestmentsEOYFMVAmt
Total Assets BOY$3,489,998TotalAssetsBOYAmt
Total Assets EOY$3,324,688TotalAssetsEOYAmt
Total Assets EOYFMV$3,327,482TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$3,489,998RetainedEarningBOYAmt
Retained Earning EOY$3,324,688RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$3,489,998TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,324,688TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$3,489,998TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,324,688TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$3,489,998TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$165,310ExcessRevenueOverExpensesAmt
Subtotal$3,324,688SubtotalAmt
Tot Net Ast Or Fund Balances EOY$3,324,688TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$214,895AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$3,722,586NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.05773DistributionYr1Rt
Adjusted Qlfy Distri Yr2$340,798AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$3,676,122NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.09271DistributionYr2Rt
Adjusted Qlfy Distri Yr3$14,863AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$3,710,343NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.00401DistributionYr3Rt
Net Vl Noncharitable Assets Yr4$3,740,734NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$2,000AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$3,712,428NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.00054DistributionYr5Rt
Total Distribution0.154978TotalDistributionRt
Average Distribution0.030996AverageDistributionRt
Net Vl Noncharitable Assets$3,378,793NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$104,729AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$223NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$104,952AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$186,000QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$223InvestmentIncomeExciseTaxAmt
Subtotal$223SubtotalAmt
Tax Based On Investment Income$223TaxBasedOnInvestmentIncomeAmt
Tax Due$223TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Form990 T FiledfalseForm990TFiledInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNVOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Elise HotanBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5036497007PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1PO Box 5669AddressLine1Txt
CityAlohaCityNm
State AbbreviationORStateAbbreviationCd
ZIP97006ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Undistr Incm Sect4942a2 Not AppfalseUndistrIncmSect4942a2NotAppInd
Business HoldingsfalseBusinessHoldingsInd
Excess Business HoldingsfalseExcessBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Transactions Fail To Qlfy As ExcfalseTransactionsFailToQlfyAsExcInd
Maintained Expenditure RspnsfalseMaintainedExpenditureRspnsInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Proceeds Or Net IncomefalseProceedsOrNetIncomeInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Loren E Parks
1131 Geneva AveHendersonNV89015President1.00$0
Wendell B Parks
1131 Geneva AveHendersonNV89015Secretary0.00$0
Raymond C Parks
1131 Geneva AveHendersonNV89015Treasurer0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$2,233,766AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$1,196,481AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,430,247TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,430,247AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$51,454CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,378,793NetVlNoncharitableAssetsAmt
Minimum Investment Return$168,940MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$168,940MinimumInvestmentReturnAmt
Tax Based On Investment Income$223TaxBasedOnInvestmentIncomeAmt
Total Tax$223TotalTaxAmt
Distributable Before Adj$168,717DistributableBeforeAdjAmt
Distributable Before Ded$168,717DistributableBeforeDedAmt
Distributable As Adjusted$168,717DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$186,000ExpensesAndContributionsAmt
Qualifying Distributions$186,000QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$223PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$185,777AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$168,717DistributableAsAdjustedAmt
Excess Distribution Cyov Yr1$16,140ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$16,140TotalExcessDistributionCyovAmt
Qualifying Distributions$186,000QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$168,717AppliedToCurrentYearAmt
Remaining Distri From Corpus$17,283RemainingDistriFromCorpusAmt
Total Corpus$33,423TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$33,423ExcessDistriCyovToNextYrAmt
Excess From Year1$16,140ExcessFromYear1Amt
Excess From Current Year$17,283ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerLoren E ParksContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSalvation ArmyRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1615 Slaters LaneAddressLine1Txt
CityAlexandriaCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22313ZIPCd
FieldValueIRS element (for citing)
Recipient RelationshipNoneRecipientRelationshipTxt
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeGeneral SupportGrantOrContributionPurposeTxt
Amt$186,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$186,000TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$22,480ExclusionAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
DescFederal Tax RefundDesc

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$22,480ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$22,480TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryKevin Keithley, CPACategoryTxt
Amt$1,390Amt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (6 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Community Bank CDAT COST$245,000$244,995
Berkshire Bank CDAT COST$200,000$199,991
TCF National Bank CDAT COST$200,000$199,991
WEX Bank CDAT COST$245,000$244,977
US Treasury BillAT COST$489,701$492,605
United Bank CDAT COST$245,000$244,936

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescLicensesDesc
Revenue And Expenses Per Books$221RevenueAndExpensesPerBooksAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryInternal Revenue ServiceCategoryTxt
Amt$179Amt
Net Investment Income$179NetInvestmentIncomeAmt