BETA

PARK OF THE PALMS INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
PARK OF THE PALMS INC (EIN 23-7359894)
Tax period
2023-01-01 to 2023-12-31
Filed
2025-01-28
IRS object ID
202500289349300200
Schema version
2023v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-01-28T01:29:59-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN593204548PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JAMES MOORE & CO PLBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15931 NW 1ST PLAddressLine1Txt
CityGAINESVILLECityNm
State AbbreviationFLStateAbbreviationCd
ZIP326072063ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237359894EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PARK OF THE PALMS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPARKBusinessNameControlTxt
Phone3524736100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1204 MARANATHA RDAddressLine1Txt
CityKEYSTONE HEIGHTSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP326569189ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCATHERINE MILLIGANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3524736100PhoneNum
Signature2025-01-27SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCORINNE LAROCHEPreparerPersonNm
PTINP01500189PTIN
Phone3523781331PhoneNum
Preparation2025-01-21PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCATHERINE MILLIGANPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1204 MARANATHA RDAddressLine1Txt
CityKEYSTONE HEIGHTSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP326569189ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,523,668GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTPS://PARKOFTHEPALMS.ORG/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1974FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionPARK OF THE PALMS SERVES AS A SANCTUARY TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF AN AGING POPULATION AND IS A SOURCE OF SPIRITUAL LIGHT TO ITS RESIDENTS AND THE SURROUNDING COMMUNITY. THE VISION OF THE PARK OF THE PALMS, INC. IS TO SERVE AN AGING POPULATION WITH THE HIGHEST LEVEL OF COMPREHENSIVE AND INDIVIDUALIZED CARE POSSIBLE. THIS EFFORT IS MADE POSSIBLE IN BEAUTIFUL INDEPENDENT LIVING STRUCTURES AND AN ASSISTED LIVING FACILITY.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee75TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$34,574PYContributionsGrantsAmt
CY Contributions Grants$41,218CYContributionsGrantsAmt
PY Program Service Revenue$2,240,244PYProgramServiceRevenueAmt
CY Program Service Revenue$2,439,434CYProgramServiceRevenueAmt
PY Investment Income$3,133PYInvestmentIncomeAmt
CY Investment Income$13,411CYInvestmentIncomeAmt
PY Other Revenue$1,747PYOtherRevenueAmt
CY Other Revenue$29,605CYOtherRevenueAmt
PY Total Revenue$2,279,698PYTotalRevenueAmt
CY Total Revenue$2,523,668CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$3,200CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,218,525PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,327,516CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$990,757PYOtherExpensesAmt
CY Other Expenses$1,068,885CYOtherExpensesAmt
PY Total Expenses$2,209,282PYTotalExpensesAmt
CY Total Expenses$2,399,601CYTotalExpensesAmt
PY Revenues Less Expenses$70,416PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$124,067CYRevenuesLessExpensesAmt
Total Assets BOY$3,985,171TotalAssetsBOYAmt
Total Assets EOY$3,899,639TotalAssetsEOYAmt
Total Liabilities BOY$998,252TotalLiabilitiesBOYAmt
Total Liabilities EOY$788,653TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,986,919NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,110,986NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionPARK OF THE PALMS SERVES AS A SANCTUARY TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF AN AGING POPULATION AND IS A SOURCE OF SPIRITUAL LIGHT TO ITS RESIDENTS AND THE SURROUNDING COMMUNITY. THE VISION OF THE PARK OF THE PALMS, INC. IS TO SERVE AN AGING POPULATION WITH THE HIGHEST LEVEL OF COMPREHENSIVE AND INDIVIDUALIZED CARE POSSIBLE. THIS EFFORT IS MADE POSSIBLE IN BEAUTIFUL INDEPENDENT LIVING STRUCTURES AND AN ASSISTED LIVING FACILITY.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,953,354ExpenseAmt
Grant$3,200GrantAmt
Revenue$2,469,039RevenueAmt
DescPROVIDED HOUSING FOR INDEPENDENT RESIDENTS WITH MAINTENANCE AND OVERHEAD SUPPORT FOR THEIR ACCOMMODATIONS IN A SAFE LIVING ENVIRONMENT. ALSO PROVIDED OPTIONAL FOOD SERVICE, POOL ACCESS, AND VARIOUS ON CAMPUS ACTIVITIES. ADDITIONALLY PARK OF THE PALMS, INC. PROVIDED A SAFE AND FRIENDLY LIVING ENVIRONMENT FOR RESIDENTS REQUIRING ASSISTANCE WITH DAILY LIVING WITH LIMITED NURSING CARE, FOOD SERVICE, AND DAILY ACTIVITIES.Desc
Total Program Service Expenses$1,953,354TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document4IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee75EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3524736100PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1204 MARANATHA RDAddressLine1Txt
CityKEYSTONE HEIGHTSCityNm
State AbbreviationFLStateAbbreviationCd
ZIP326569189ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
ALAN L MOJONNIER
CHAIRMAN7.00Yes (X)Yes (X)$0$0$0
WILLIAM COYLE JR
VICE CHAIRMAN5.00Yes (X)Yes (X)$0$0$0
GARY C WAINWRIGHT
SECRETARY1.00Yes (X)Yes (X)$0$0$0
WILLIAM NEUFELD
TREASURER7.00Yes (X)Yes (X)$0$0$0
MARK PRESSON
DIRECTOR1.00Yes (X)$0$0$0
MIKE DYKES
DIRECTOR1.00Yes (X)$0$0$0
CATHERINE MILLIGAN
PRESIDENT40.00Yes (X)$69,433$0$1,346
HELEN CRIBBS
VICE PRESIDENT40.00Yes (X)$59,876$0$1,798
FieldValueIRS element (for citing)
Total Reportable Comp From Org$129,309TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$3,144TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$41,218AllOtherContributionsAmt
Total Contributions$41,218TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ASSISTED LIVING FACILI623990$1,414,383$1,414,383
RENTAL FEES - PROGRAM623990$939,692$939,692
EARNED ENTRANCE FEES623990$44,300$44,300
MONTHLY MAINTENANCE FE623990$41,059$41,059
FieldValueIRS element (for citing)
Total Program Service Revenue$2,439,434TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,411TotalRevenueColumnAmt
Exclusion$13,411ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
REFUNDS900099$21,357$21,357
FOOD SERVICE900099$3,970$3,970
ELECTRONICS FEE900099$3,094$3,094

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,184TotalRevenueColumnAmt
Related Or Exempt Func Income$1,184RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$29,605OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,523,668TotalRevenueColumnAmt
Related Or Exempt Func Income$2,469,039RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$13,411ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$3,200TotalAmt
Program Services$3,200ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$132,453TotalAmt
Program Services$101,708ProgramServicesAmt
Management And General$30,745ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,073,014TotalAmt
Program Services$823,945ProgramServicesAmt
Management And General$249,069ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$11,035TotalAmt
Program Services$8,474ProgramServicesAmt
Management And General$2,561ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$19,351TotalAmt
Program Services$14,859ProgramServicesAmt
Management And General$4,492ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$91,663TotalAmt
Program Services$70,386ProgramServicesAmt
Management And General$21,277ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$28,546TotalAmt
Management And General$28,546ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$3,777TotalAmt
Program Services$2,900ProgramServicesAmt
Management And General$877ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$8,615TotalAmt
Program Services$1,275ProgramServicesAmt
Management And General$7,340ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$91,628TotalAmt
Program Services$74,786ProgramServicesAmt
Management And General$16,842ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$4,798TotalAmt
Program Services$4,798ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$482,414TotalAmt
Program Services$429,895ProgramServicesAmt
Management And General$52,519ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$108TotalAmt
Program Services$108ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$940TotalAmt
Management And General$940ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$199,561TotalAmt
Program Services$191,578ProgramServicesAmt
Management And General$7,983ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$57,588TotalAmt
Program Services$39,686ProgramServicesAmt
Management And General$17,902ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD SERVICE$167,521$167,521
HOUSEKEEPING$10,446$10,446
LICENSES AND FEES$7,340$2,186$5,154
STAFF DEVELOPMENT$2,419$2,419

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,184TotalAmt
Program Services$3,184ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,399,601TotalAmt
Program Services$1,953,354ProgramServicesAmt
Management And General$446,247ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$540,874BOYAmt
EOY$691,089EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$274,573BOYAmt
EOY$216,061EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,521BOYAmt
EOY$17,989EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$26,635BOYAmt
EOY$12,482EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$8,139,445LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,177,427LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,117,568BOYAmt
EOY$2,962,018EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,985,171BOYAmt
EOY$3,899,639EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$272,730BOYAmt
EOY$161,087EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$372,168BOYAmt
EOY$217,821EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$353,354BOYAmt
EOY$316,915EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$92,830EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$998,252BOYAmt
EOY$788,653EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,951,283BOYAmt
EOY$3,109,906EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$35,636BOYAmt
EOY$1,080EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,986,919BOYAmt
EOY$3,110,986EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,985,171BOYAmt
EOY$3,899,639EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$124,067ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$32,682CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$25,413CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$36,103CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$34,574CurrentTaxYearMinus1YearAmt
Current Tax Year$41,218CurrentTaxYearAmt
Total$169,990TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,087,235CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,922,835CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,918,134CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,119,445CurrentTaxYearMinus1YearAmt
Current Tax Year$2,469,039CurrentTaxYearAmt
Total$10,516,688TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,119,917CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,948,248CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,954,237CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,154,019CurrentTaxYearMinus1YearAmt
Current Tax Year$2,510,257CurrentTaxYearAmt
Total$10,686,678TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,300CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1CurrentTaxYearMinus1YearAmt
Current Tax Year$27,500CurrentTaxYearAmt
Total$50,002TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$11,200CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$11,300CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1CurrentTaxYearMinus1YearAmt
Current Tax Year$27,500CurrentTaxYearAmt
Total$50,002TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$10,636,676PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,923CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,562CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,542CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,133CurrentTaxYearMinus1YearAmt
Current Tax Year$13,411CurrentTaxYearAmt
Total$37,571TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,923CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,562CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$3,542CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$3,133CurrentTaxYearMinus1YearAmt
Current Tax Year$13,411CurrentTaxYearAmt
Total$37,571TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,129,840CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,955,810CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,957,779CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,157,152CurrentTaxYearMinus1YearAmt
Current Tax Year$2,523,668CurrentTaxYearAmt
Total$10,724,249TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99180PublicSupportCY509Pct
Public Support PY5090.99050PublicSupportPY509Pct
Investment Income CY0.00350InvestmentIncomeCYPct
Investment Income PY0.00310InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$131,581OtherCostOrOtherBasisAmt
Book Value$131,581BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$7,183,537OtherCostOrOtherBasisAmt
Depreciation$4,487,359DepreciationAmt
Book Value$2,696,178BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$441,657OtherCostOrOtherBasisAmt
Depreciation$391,312DepreciationAmt
Book Value$50,345BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$382,670OtherCostOrOtherBasisAmt
Depreciation$298,756DepreciationAmt
Book Value$83,914BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$2,962,018TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescEXCESS OBLIGATION FOR FUTURE SERVICESDesc
Amt$92,830Amt
FieldValueIRS element (for citing)
Total Liability$92,830TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,520,738TotalRevEtcAuditedFinclStmtAmt
Other Revenue$270OtherRevenueAmt
Revenue Not Reported$270RevenueNotReportedAmt
Revenue Subtotal$2,520,468RevenueSubtotalAmt
Other Revenues Not Included$3,200OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$3,200RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,523,668TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,396,671TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$270OtherExpensesIncludedAmt
Expenses Not Reported$270ExpensesNotReportedAmt
Expenses Subtotal$2,396,401ExpensesSubtotalAmt
Other Expenses Not Included$3,200OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$3,200ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,399,601TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:THE PARK IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, INCOME EARNED IN THE FURTHERANCE OF THE PARK'S TAX-EXEMPT PURPOSE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES AND THE FINANCIAL STATEMENTS CONTAIN NO PROVISION OR LIABILITY FOR INCOME TAXES. THE PARK FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. THE PARK'S TAX RETURNS FOR THE PAST THREE YEARS ARE SUBJECT TO EXAMINATION BY TAX AUTHORITIES, AND MAY CHANGE UPON EXAMINATION. THE PARK HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE PARK.
PART XI, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN OBLIGATION REPORTED AS REVENUE ON AFS 270.
PART XI, LINE 4B - OTHER ADJUSTMENTS:DISBURSEMENTS NETTED WITH REVENUE ON AFS 3,200.
PART XII, LINE 2D - OTHER ADJUSTMENTS:CHANGE IN OBLIGATION REPORTED AS REVENUE ON AFS 270.
PART XII, LINE 4B - OTHER ADJUSTMENTS:DISBURSEMENTS NETTED WITH REVENUE ON AFS 3,200.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 1ATHE PURPOSE OF THE EXECUTIVE COMMITTEE SHALL BE TO ACT ON ITEMS WHICH REQUIRE ATTENTION BEFORE A FULL MEETING OF THE BOARD OF DIRECTORS CAN BE CALLED, OR TO PREPARE BACKGROUND MATERIAL FOR THE AGENDA OF A BOARD MEETING. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY AND POWER OF THE BOARD OF DIRECTORS ON THOSE ITEMS OF BUSINESS THAT ARE LISTED IN THE NOTICE OF THE MEETING AND SHALL EXERCISE THOSE POWERS IN ACCORDANCE WITH THE PRINCIPLES AND POLICIES OF THE BOARD. MINUTES OF ANY EXECUTIVE COMMITTEE MEETING HELD SHALL BE SENT TO ALL DIRECTORS BEFORE THE NEXT MEETING OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 11BTHE IRS FORM 990 IS PREPARED AND REMITTED TO THE BOARD MEMBERS IN ITS DRAFT FORMAT. THE BOARD MEMBERS ARE ADVISED AND GIVEN TIME TO REVIEW AND PROVIDE ANY COMMENTS OR SUGGESTIONS TO THE IRS FORM 990 PRIOR TO THE TAX RETURN BEING E-FILED.
FORM 990, PART VI, SECTION B, LINE 12CAT EVERY BOARD MEETING, ALL MEMBERS ON THE BOARD INCLUDING OFFICERS, DIRECTORS ETC. ARE REQUIRED TO DISCLOSE ANNUALLY ANY CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15ATHE COMPENSATION IS APPROVED BY THE BOARD MEMBERS.
FORM 990, PART VI, SECTION C, LINE 19PARK OF THE PALMS MAKES IT GOVERNING DOCUMENTS AND THE REQUIRED FINANCIAL REPORTS AND/OR TAX RETURNS AVAILABLE TO THE PUBLIC UPON REQUEST.

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