2015-10-15T15:43:27-05:00 2014-12-31 232000627 Berkowitz & Berkowitz CPAs 501 Office Center Drive Suite 2 Fort Washington PA 19034 990 2014-01-01 232794115 Friends of Salt Springs Park Inc FRIE 5709677275 PO Box 541 Montrose PA 18801 Stephen Spero President 5706632714 2015-08-26 1 Barry Berkowitz P00842549 2156530127 2014 2016-02-25 16:41:14Z Stephen Spero 180 West Lake Road Brackney PA 18812 353882 0 X www.friendsofsaltspringspark.org X 1994 PA To provide opportunities for enjoying healthy outdoor recreation and to serve as an outdoor classroom for environmental education while conserving the natural, scenic, aesthetic and historical values of the Salt Springs Park. 10 10 7 280 0 0 49273 126121 33402 28140 15781 49001 825 3603 99281 206865 0 0 0 0 47765 46686 0 0 2897 48424 59299 96189 105985 3092 100880 1265022 1332764 1776 2001 1263246 1330763 To maintain and improve Salt Springs Park. 0 0 71504 29267 To support and foster Salt Springs Park by conserving the natural, aesthetic, rural, scenic and historical values of the park. 71504 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 7 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 PA X X Organization 5703962564 PO Box 455 Montrose PA 18801 X STEPHEN SPERO PRESIDENT 6.00 X X 0 0 0 SUSAN ENGLISH VICE PRESIDENT 5.00 X X 0 0 0 JACK MAYNARD TREASURER 5.00 X X 0 0 0 MARY BUTLER SECRETARY 5.00 X X 0 0 0 ROBERT FEARNLEY DIRECTOR 2.00 X 0 0 0 MIKE HORNAK DIRECTOR 2.00 X 0 0 0 RICHARD JORDAN DIRECTOR 2.00 X 0 0 0 JIM KESSLER DIRECTOR 2.00 X 0 0 0 TOM NORVILLE DIRECTOR 2.00 X 0 0 0 SANDRA ROSENCRANCE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 15035 111086 126121 RENTAL INCOME 900099 13370 13370 CAMPING FEES 900099 12919 12919 EDUCATIONAL PROGRAMS 900099 1851 1851 28140 15130 15130 175723 141852 33871 33871 33871 6863 4387 2476 2476 1905 778 1127 1127 206865 29267 0 51477 42487 21625 19274 1588 4199 2137 1905 157 5306 5306 537 537 1755 1755 2139 1069 535 535 5914 5914 8416 8416 9681 6777 2904 PROGRAM EXPENSES 11949 11949 PARK MAINTENANCE 10628 10628 TELEPHONE 2468 1234 617 617 BANK & CREDIT CARD CHAR 506 506 105985 71504 31584 2897 36 81 49167 32618 654697 22368 558766 632329 643269 542225 13784 125511 1265022 1332764 876 951 900 1050 1776 2001 X 1192214 1259731 71032 71032 1263246 1330763 1265022 1332764 100880 -33363 0 X 1 X 0 1 0 X 43173 35922 37471 49273 126121 291960 43173 35922 37471 49273 126121 291960 291960 758851 19312 21294 15781 15130 830368 27881 26273 54154 1176482 64797 0.24820 0.18770 X Friends of Salt Springs Park, Inc. maintains a continuous and bona fide program for fundraising from the general public. The increased amount of investment income is due to a one-time payment of royalties received from a mineral rights lease. This income was invested and has generated interest income, dividends and capital gains, which help benefit the Organization. The mission of the Organization has not changed from its orginal purpose and has no plans to change in the future. Friends of Salt Springs Park, Inc. will continue to maintain and preserve Salt Springs Park. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 383509 383509 249447 12205 237242 21741 10163 11578 632329 LOAN RECEIVABLE-RELATED PARTY 13783 CERTIFICATES OF DEPOSIT 111728 125511 SECURITY DEPOSITS 1050 1050 X Part III, Line 4: The Organization received a donation of historical artifacts. The items will not be capitalized since the collection will be used solely for public display and education. No financial statement recognition was made for contributed collection items. Proceeds from insurance recoveries or deaccessions of these items will be reflected on the statement of support, revenues, expenses and changes in net assets as changes in the appropriate class of net assets. Part X, Line 2: The Organization follows the guidance in the FASB Codification topic related to uncertainty in income taxes which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements uncertain tax positions that the Organization has taken or expects to take in its tax returns. Under the guidance, the Organization may recognize the tax benefits from an uncertain tax position only if it is "more likely than not" that it is sustainable, based on its technical merits. The tax benefits recognized in the financial statements from such a position should be measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement with a taxing authority haveing full knowledge of all relevant information. The Organization believes that it has appropriate support for the positions taken on its returns. Form 990, Part VI, Section A, line 8b THERE IS NO COMMITTEE. Form 990, Part VI, Section B, line 11 BOARD OF DIRECTORS REVIEW FORM 990 PRIOR TO FILING WITH IRS. IF ISSUES OR QUESTIONS ARISE DURING REVIEW THE BOARD OF DIRECTORS WILL CONTACT THE PREPARER. Form 990, Part VI, Section C, line 19 Documents are available to the public upon request.