Nonprofit · EIN 35-1940198
LAFAYETTE PARKS FOUNDATION INC
Tax-exempt · LAFAYETTE, IN 47902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $470,090 | $351,393 | $118,697 | $5,209,443 | $249 | $5,209,194 |
| December 31, 2023 | 990 | $562,568 | $299,049 | $263,519 | $5,091,387 | $890 | $5,090,497 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $358,620
- Program service revenue
- $0
- Investment income
- $97,330
- Net gain from sales of assets
- -$46
- Net income from fundraising events
- $7,897
- Other revenue
- $14,140
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,416
- Accounting fees
- $3,295
- Program services (functional)
- $345,574
- Management and general (functional)
- $5,395
- Fundraising (functional)
- $424
Balance sheet and other
- Total assets, start of year
- $5,091,387
- Total assets, end of year
- $5,209,443
- Total liabilities, end of year
- $249
- Net assets, end of year
- $5,209,194
- Land, buildings and equipment
- $1,846,900
- Net assets without donor restrictions
- $3,242,567
- Net assets with donor restrictions
- $1,966,627
- Gross receipts
- $493,593
- Employees
- 0
- Year formed
- 1994
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL HAZARAY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERIC LIN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| BRENT TALCOTT | TREASURER Trustee or director, Officer | 2 | $0 |
| CLAUDINE LAUFMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KARA BISHOP | DIRECTOR Trustee or director | 1 | $0 |
| JAMES K RISK III | DIRECTOR Trustee or director | 1 | $0 |
| AARON SLAGEL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN B SCHEUMANN JR | DIRECTOR Trustee or director | 1 | $0 |
| MATT METZGER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RACHEL HAZARAY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ERIC LIN | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| BRENT TALCOTT | TREASURER Trustee or director, Officer | 2 | $0 |
| CLAUDINE LAUFMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| KARA BISHOP | DIRECTOR Trustee or director | 1 | $0 |
| JAMES K RISK III | DIRECTOR Trustee or director | 1 | $0 |
| AARON SLAGEL | DIRECTOR Trustee or director | 1 | $0 |
| JOHN B SCHEUMANN JR | DIRECTOR Trustee or director | 1 | $0 |
| MATT METZGER | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1130, LAFAYETTE, IN 47902-1130
- In care of
- % BRENT TALCOTT
- Principal officer (990 for 2024)
- BRENT TALCOTT, 250 MAIN STREET, LAFAYETTE, IN 47902
- Signed the 990
- BRENT TALCOTT, TREASURER
- Phone
- (765) 742-9046
- Return prepared by
- HUTH THOMPSON LLP
Mission
THE FOUNDATION SOLICITS AND ENCOURAGES DONATIONS TO ASSIST LAFAYETTE PARK PROGRAMS SUCH AS KIDS CAN, THE ZOO, DEVELOPMENT OF LOEB STADIUM AND OTHER PARK PROJECTS.
Program accomplishments
- OTHER PROGRAM EXPENSES TO PROMOTE, AID, AND ENCOURAGE PURPOSES, ACTIVITIES, AND ENDEAVORS FOR THE LAFAYETTE PARKS DEPARTMENT.Expenses $345,574
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-1940198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T11)
- Assets (IRS master file)
- $5,209,443
- Income (IRS master file)
- $493,593
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $470,090 | $351,393 | $5,209,443 | XML |
| 990 | December 2023 | $562,568 | $299,049 | $5,091,387 | XML |
| 990 | December 2022 | $634,047 | $382,349 | $4,827,751 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-1940198).
Questions about LAFAYETTE PARKS FOUNDATION INC
- What is the EIN of LAFAYETTE PARKS FOUNDATION INC?
- The employer identification number (EIN) of LAFAYETTE PARKS FOUNDATION INC is 35-1940198.
- Is LAFAYETTE PARKS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to LAFAYETTE PARKS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAFAYETTE PARKS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAFAYETTE PARKS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAFAYETTE PARKS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAFAYETTE PARKS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names BRENT TALCOTT.
- Who are the officers and directors of LAFAYETTE PARKS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAFAYETTE PARKS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $470,090, expenses of $351,393 and total assets of $5,209,443 at year end.
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