THOUSAND ISLAND PARK FOUNDATION INC

EIN: 462819724 501(c)(3) Arts, Culture & Humanities

THOUSAND ISLAND PARK, NY

Total Revenue
$74,096
Total Expenses
$90,362
Total Assets
$572,599
Net Assets
$538,997
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Principal Officer
DAVID R LAKE
Phone
3154822576
Tax Period
2023-01-01 to 2023-12-31

THOUSAND ISLAND PARK FOUNDATION INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $74K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $90K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE THOUSAND ISLAND PARK FOUNDATION (AN INDEPENDENT NON-FOR-PROFIT PUBLIC FOUNDATION) IS TO PROVIDE A PHILANTHROPIC ENVIRONMENT THAT SUPPORTS AND FACILITATES THE EDUCATIONAL, CULTURAL, RELIGIOUS AND RECREATIONAL ACTIVITIES OF THE HISTORIC DISTRICT KNOWN AS THOUSAND ISLAND PARK WHILE PRESERVING ITS HISTORY, HERITAGE AND HISTORICAL BUILDINGS.

Program Service Accomplishments

Program 1
Expenses: $81,875

THE THOUSAND ISLAND PARK FOUNDATION, INC. SUPPORTS AND FACILITATES A GREATER LIFE EXPERIENCE FOR ALL WHO RESIDE AND VISIT THOUSAND ISLAND PARK, N.Y. IN 2023 THE FOLLOWING GRANTS WERE AWARDED BY...

Read more

THE THOUSAND ISLAND PARK FOUNDATION, INC. SUPPORTS AND FACILITATES A GREATER LIFE EXPERIENCE FOR ALL WHO RESIDE AND VISIT THOUSAND ISLAND PARK, N.Y. IN 2023 THE FOLLOWING GRANTS WERE AWARDED BY THOUSAND ISLAND PARK FOUNDATION, INC.:A. TABERNACLE COMMUNITY ASSOCIATION $1,350B. LANDMARK SOCIETY $1,100D. FRIENDS OF ROCK RIDGES $1,100E. THOUSAND ISLAND PARK HISTORICAL ASSOCIATION & MUSEUM $1,500F. THOUSAND ISLAND PARK LIBRARY $1,050G.FRIENDS OF ROCK RIDGES - TREEHOUSE MATCHING GRANT $10,000H.LANDMARK SOCIETY - GRANT FOR 150TH ANNIVERSARY BOOK $7,000I.THOUSAND ISLAND PARK YACHT CLUB $2,800K.SUSAN G. KOMEN BREAST CANCER FOUNDATION, INC $500EVENTS:THROUGHOUT THE SUMMER SEASON, ACTIVITIES INCLUDED THE THREE FUNDRAINING EVENTS OF THE ANNUAL RIVER BALL, THE DUNK TANK FOR BREAST CANCER, AND THE BOTTLES & CANS COLLECTION. FREE EVENTS INCLUDED THE DANCING IN THE STREET COMMUNITY MUSIC EVENT, THE ORCHESTRA OF NNY CONCERT WAS POSTPONED DUE TO WEATHER TO 2024, MULTIPLE CHILDREN'S ACTIVITIES INCLUDING ASTRONOMY AND WILDLIFE EDUCATIONAL EVENTS, JULY 4TH PARADE AND CARNIVAL, TWO FISHING DERBIES, WEEKLY FAMILY MOVIE NIGHTS, A SAVE THE RIVER SHORELINE CLEANUP AND RED CROSS BLOOD DRIVE. THERE WERE TWO TICKETED MUSICAL PERFORMANCES GENERATING $3,745 IN TICKET SALES.IN 2023, BOTH MUSICAL PERFORMANCE EVENTS WITH TICKET SALES WERE HANDLED THROUGH AN ONLINE SERVICE COMPANY WITH SUCH SERVICES PAID BY ATTENDEES AS SERVICE CHARGES AND RECORDED AS BANK FEES PAID. ALL EVENTS' COSTS PAID BY THE TIPF AMOUNTED TO $12,852. THE RIVER BALL TICKETS WERE ALSO ACQUIRED BY ATTENDEES ONLINE WITH SERVICE FEES PAID DIRECTLY BY ATTENDEES.IN ADDITION TO $25,900 IN MINI-GRANTS TO TIP COMMUNITY ORGANIZATIONS, THE FOUNDATION DONATED $500 TO THE SUSAN G. KOMEN BREAST CANCER FOUNDATION, INC. THAT WAS RAISED WITH THE DUNK TANK EVENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $48,995
Program Service Revenue $0
Investment Income $9,330
Other Revenue $15,771
TOTAL REVENUE $74,096

Expense Breakdown

Grants Paid $26,400
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $81,875
Other Expenses $63,962
TOTAL EXPENSES $90,362

Year-over-Year Comparison

2023 2022 Change
Revenue $74,096 $54,363 +0.4%
Expenses $90,362 $68,828 +0.3%
Net Income $-16,266 $-14,465 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BRASSER DIRECTOR 2.00
Director
$0 $0 $0
RICHARD HANSINGER DIRECTOR 2.00
Director
$0 $0 $0
KENT HUMPHRIES DIRECTOR 2.00
Director
$0 $0 $0
DANIEL KEANE DIRECTOR 2.00
Director
$0 $0 $0
DAVID LAKE CHAIRPERSON / PRESIDENT 2.00
Officer Director
$0 $0 $0
KATE TURRI DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL STEDEM VICE CHAIRPERSON / VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
EDWARD ADAMS TREASURER 2.00
Officer Director
$0 $0 $0
CHRISTINA NEMEC SECRETARY 2.00
Officer Director
$0 $0 $0
ELIZABETH ADAMS DIRECTOR 2.00
Director
$0 $0 $0
ERIKA GOODYEAR DIRECTOR 2.00
Director
$0 $0 $0
DAVID HANRETTY DIRECTOR 2.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $74,096 $90,362 $572,599 $-16,266
2022 $54,363 $68,828 $489,670 $-14,465
2021 $34,111 $29,206 $597,558 $4,905
2020 $42,650 $23,165 $536,649 $19,485
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THOUSAND ISLAND PARK FOUNDATION INC with other nonprofits in New York and across the country.