FRIENDS OF WESTPORT PARKS AND RECREATION INC

EIN: 274127337 501(c)(3) Community Improvement

WESTPORT, CT

Total Revenue
$210,991
Total Expenses
$146,255
Total Assets
$428,074
Net Assets
$433,094
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
CT
Principal Officer
Jeffrey Mayer Chairman
Phone
2032935101
Tax Period
2022-01-01 to 2022-12-31

FRIENDS OF WESTPORT PARKS AND RECREATION INC, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $211K in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 31% operating margin.

Mission

The Friends of Westport Parks and Recreation is a not-for-profit organization whose mission is to enhance, preserve, protect and promote the Town of Westport's Parks and Recreation facilities in partnership with the Town, for the enjoyment of present and future generations of Westport residents.

Program Service Accomplishments

Program 1
Expenses: $9,775 Revenue: $6,137

Program: Longshore Golf Longshore Golf is a golf outing that supports the well-being of the public golf course and its various structures. The event had been annual prior to COVID-19 and has...

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Program: Longshore Golf Longshore Golf is a golf outing that supports the well-being of the public golf course and its various structures. The event had been annual prior to COVID-19 and has re-resumed this year.

Program 2
Expenses: $134,693 Revenue: $59,641

Program: Wakeman Town Farm The Wakeman Town Farm Sustainability Center is an organic demonstration homestead dedicated to serving the Westport Community. The Farm is a model facility created to...

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Program: Wakeman Town Farm The Wakeman Town Farm Sustainability Center is an organic demonstration homestead dedicated to serving the Westport Community. The Farm is a model facility created to educate the community with local healthy food production, responsible land stewardship, sustainable practices and community service orientation. Activities include educational workshops, student internships, after-school environmental clubs, childrens summer camp programs, growing fruits and vegetables, animal husbandry, providing a farm stand and CSA pickup location.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $210,252
Investment Income $739
Other Revenue $0
TOTAL REVENUE $210,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,734
Fundraising Expenses $31,285
Program Expenses $144,468
Other Expenses $127,521
TOTAL EXPENSES $146,255

Year-over-Year Comparison

2022 2021 Change
Revenue $210,991 $167,979 +0.3%
Expenses $146,255 $44,979 +2.3%
Net Income $64,736 $123,000 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
G Kenneth Bernhard Director 1.00
Officer
$0 $0 $0
Jeffrey Mayer Chairman 1.00
Officer
$0 $0 $0
Seth D Almansi Treasurer 5.00
Officer
$0 $0 $0
Scott Smith Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $210,991 $146,255 $428,074 $64,736
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