Nonprofit · EIN 58-2139088
PARK FOUNDATION INC
Tax-exempt · LITTLE ROCK, AR 72209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,319,976 | $1,500,837 | $819,139 | $21,432,968 | $0 | $21,432,968 |
| December 31, 2023 | 990 | $1,913,381 | $1,551,821 | $361,560 | $19,497,964 | $0 | $19,497,964 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,138,769
- Program service revenue
- $0
- Investment income
- $1,181,207
- Net gain from sales of assets
- $468,533
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,404,765
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $6,050
- Program services (functional)
- $1,404,765
- Management and general (functional)
- $96,072
Balance sheet and other
- Total assets, start of year
- $19,497,964
- Total assets, end of year
- $21,432,968
- Total liabilities, end of year
- $0
- Net assets, end of year
- $21,432,968
- Publicly traded securities
- $4,765,954
- Net assets without donor restrictions
- $8,517,331
- Net assets with donor restrictions
- $12,915,637
- Gross receipts
- $7,639,569
- Employees
- 0
- Year formed
- 1993
- State of legal domicile
- AR
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 |
|---|---|---|---|
| Gus Blass III | Director Trustee or director | 1 | $0 |
| Dabbs Cavin | Director Trustee or director | 1 | $0 |
| Dr Todd Stewart | Director Trustee or director | 1 | $0 |
| Jeff Johnson | Director Trustee or director | 1 | $0 |
| Jeff Fox | Director Trustee or director | 1 | $0 |
| William Bill Cravens Emeritus | Director Trustee or director | 1 | $0 |
| Walter E Hussman Jr | President Trustee or director, Officer | 1 | $0 |
| Jay Heflin | Director Trustee or director | 1 | $0 |
| Bud Whestone | Director Trustee or director | 1 | $0 |
| Merrit P Dyke | Director Trustee or director | 1 | $0 |
| Matt Duncan | Secretary Trustee or director, Officer | 1 | $0 |
| Andrew Turner Emeritus | Director Trustee or director | 1 | $0 |
| Honorable Mark Leverett | Director Trustee or director | 1 | $0 |
| George Cress | Director Trustee or director | 1 | $0 |
| Ty Warren | Executive Dir. Trustee or director | 1 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Russ McDonough III | Director Trustee or director | 1 | $0 |
| Chris Ligon | Director Trustee or director | 1 | $0 |
| Beatrice Jackson | Director Trustee or director | 1 | $0 |
| Dora Jane Flesher | Controller Officer | 10 | $0 |
| Keith Jackson | Executive Dir. Officer | 40 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Keith Jackson | Executive Dir. Officer | 40 | $0 | $123,600 |
| Gus Blass III | Director Trustee or director | 1 | $0 | $0 |
| Dabbs Cavin | Director Trustee or director | 1 | $0 | $0 |
| Dr Todd Stewart | Director Trustee or director | 1 | $0 | $0 |
| Jeff Johnson | Director Trustee or director | 1 | $0 | $0 |
| Jeff Fox | Director Trustee or director | 1 | $0 | $0 |
| William Bill Cravens Emeritus | Director Trustee or director | 1 | $0 | $0 |
| Walter E Hussman Jr | President Trustee or director, Officer | 1 | $0 | $0 |
| Jay Heflin | Director Trustee or director | 1 | $0 | $0 |
| Bud Whestone | Director Trustee or director | 1 | $0 | $0 |
| Merrit P Dyke | Director Trustee or director | 1 | $0 | $0 |
| Matt Duncan | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Andrew Turner Emeritus | Director Trustee or director | 1 | $0 | $0 |
| Honorable Mark Leverett | Director Trustee or director | 1 | $0 | $0 |
| George Cress | Director Trustee or director | 1 | $0 | $0 |
| Ty Warren | Executive Dir. Trustee or director | 1 | $0 | $0 |
| Russ McDonough III | Director Trustee or director | 1 | $0 | $0 |
| Chris Ligon | Director Trustee or director | 1 | $0 | $0 |
| Beatrice Jackson | Director Trustee or director | 1 | $0 | $0 |
| Dora Jane Flesher | Controller Officer | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6915 GEYER SPRINGS RD, LITTLE ROCK, AR 72209-2727
- In care of
- % ANDREW T TURNER
- Principal officer (990 for 2024)
- Walter E Hussman Jr
- Signed the 990
- Dora Jane Flesher, Controller
- Phone
- (501) 562-5223
- Return prepared by
- PHA CPA PA
Mission
Established to solicit funds and support for Positive Atmosphere Reaches Kids, Inc. P.A.R.K., Inc. another 501c3 tax extempt organization. Donations received will be submitted to P.A.R.K., Inc. as requested.
Program accomplishments
- The organization was established to solicit funds and support for Positive Atmosphere Reaches Kids, Inc. P.A.R.K., Inc. another 501c3 tax exempt organization. Donations received will be submitted to P.A.R.K., Inc. as requested.Expenses $1,404,765 · grants $1,404,765
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
- 58-2139088
- 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)
- Human services (P58)
- Assets (IRS master file)
- $21,432,968
- Income (IRS master file)
- $7,639,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,319,976 | $1,500,837 | $21,432,968 | IRS |
| 990 | December 2023 | $1,913,381 | $1,551,821 | $19,497,964 | XML |
| 990 | December 2022 | $2,437,590 | $1,672,357 | $17,983,533 | 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 58-2139088).
Questions about PARK FOUNDATION INC
- What is the EIN of PARK FOUNDATION INC?
- The employer identification number (EIN) of PARK FOUNDATION INC is 58-2139088.
- Is PARK FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to PARK FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARK 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 PARK 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 PARK 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 PARK FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Walter E Hussman Jr.
- Who are the officers and directors of PARK FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 0 received compensation from the organization.
- How much revenue does PARK FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,319,976, expenses of $1,500,837 and total assets of $21,432,968 at year end.
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