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Nonprofit · EIN 86-2900300

PEOPLES PARK FOUNDATION INC

Tax-exempt · JERSEY CITY, NJ 07302

Financials

$1.5M$1.4M2023$750K$704K2024
Revenue Expenses · by fiscal year end
Financials of PEOPLES PARK FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$750,000$704,293$45,707$628,773$4,287$624,486
December 31, 2023990$1,500,000$1,352,508$147,492$610,692$31,913$578,779
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$750,000
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$201,660
Salaries, compensation and benefits (total)
$216,945
Professional fundraising fees
$0
Legal fees
$105,291
Accounting fees
$29,607
Travel
$9,159
Program services (functional)
$520,705
Management and general (functional)
$183,588

Balance sheet and other

Total assets, start of year
$610,692
Total assets, end of year
$628,773
Total liabilities, end of year
$4,287
Net assets, end of year
$624,486
Net assets without donor restrictions
$624,486
Gross receipts
$750,000
Employees
1
Volunteers
150
Year formed
2021
State of legal domicile
NJ

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.

NameTitleHours / weekCompensation
BOB HURLEYPRESIDENT
Trustee or director, Officer
40$200,000
JERRY WALKERDIRECTOR
Trustee or director
5$0
GERRY MCCANNDIRECTOR
Trustee or director
5$0
ELNARDO WEBSTERDIRECTOR
Trustee or director
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
BOB HURLEYPRESIDENT
Trustee or director, Officer
40$200,000
JERRY WALKERDIRECTOR
Trustee or director
5$0
GERRY MCCANNDIRECTOR
Trustee or director
5$0
ELNARDO WEBSTERDIRECTOR
Trustee or director
5$0

Address and contacts

Address (IRS master file)
344 GROVE ST UNIT 828, JERSEY CITY, NJ 07302-5923
Principal officer (990 for 2024)
BOB HURLEY, 344 GROVE STREET UNIT 828, JERSEY CITY, NJ 07302
Signed the 990
BOB HURLEY, CEO/PRESIDENT
Phone
(862) 227-3055
Return prepared by
WALTER SHUFFAIN ADVISORS INC

Mission

ADVOCATE FOR THE JERSEY CITY COMMUNITY TO REALIZE THE UNTAPPED POTENTIAL OF LIBERTY STATE PARK. THE ORGANIZATION IS WORKING TO TRANSFORM LIBERTY STATE PARK INTO A RECREATIONAL AND CULTURAL CENTER FOR CURRENT AND FUTURE GENERATIONS TO ENJOY.

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATE AND WORK WITH THE COMMUNITY TO CREATE A MASTER RENOVATION PLAN FOR LIBERTY STATE PARK.
    Expenses $520,705

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2900300
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$628,773
Income (IRS master file)
$750,000

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$750,000$704,293$628,773XML
990December 2023$1,500,000$1,352,508$610,692XML
990December 2022$1,000,000$1,068,197$593,648IRS
990December 2021–––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 86-2900300).

Questions about PEOPLES PARK FOUNDATION INC

What is the EIN of PEOPLES PARK FOUNDATION INC?
The employer identification number (EIN) of PEOPLES PARK FOUNDATION INC is 86-2900300.
Is PEOPLES PARK FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to PEOPLES PARK FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PEOPLES 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 PEOPLES 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 PEOPLES 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 PEOPLES PARK FOUNDATION INC?
The 990 for the year ended December 31, 2024 names BOB HURLEY.
Who are the officers and directors of PEOPLES PARK FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $200,000 (BOB HURLEY, PRESIDENT).
How much revenue does PEOPLES PARK FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $750,000, expenses of $704,293 and total assets of $628,773 at year end.

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