Overview
What is Forest Park Foundation?
The Forest Park Foundation, located in Crystal Falls, Michigan, is a nonprofit organization that has significantly grown its value from an initial $14,000 to $870,000 over the past five years. Its primary mission is to provide scholarships and grants for individuals and school organizations. In 2021, it awarded scholarships totaling $14,960 to nine recipients, and in 2022, it granted $7,500 to six recipients. The foundation's purpose is to receive scholarship funds, invest them, and distribute scholarship dividends to Forest Park graduates who meet the criteria of each individual scholarship. The Forest Park Scholarship Committee is responsible for selecting the recipients, and the foundation members distribute the awards accordingly.
Official website here: www.forestparkfoundation.org
Is Forest Park Foundation legitimate?
Forest Park Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forest Park Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.forestparkfoundation.org
What is the mission statement of Forest Park Foundation?
The Forest Park Foundation's mission is centered around providing financial aid in the form of scholarships and grants. The purpose of the foundation is to collect scholarship funds, invest these funds, and subsequently distribute scholarship dividends to Forest Park graduates who meet the criteria of the individual scholarships, as decided by the Forest Park Scholarship Committee. The committee selects the recipients, and this information is then passed on to the foundation members for distribution purposes.
Official website here: www.forestparkfoundation.org
Who is the CEO of Forest Park Foundation?
Jamie Krueger is the Director of Forest Park Foundation.
Official website here: www.forestparkfoundation.org
What is the revenue of Forest Park Foundation?
Forest Park Foundation's revenue in 2022 was $386,600.
Official website here: www.forestparkfoundation.org
Who are the executives of Forest Park Foundation and what are their salaries?
There 15 volunteers at Forest Park Foundation.
Here are 10 key members and their salaries:
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Official website here: www.forestparkfoundation.org
Where can I find the form 990 for Forest Park Foundation?
Forest Park Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forestparkfoundation.org
Learn more at the official website: www.forestparkfoundation.org
Mission Statement of Forest Park Foundation
The Forest Park Foundation, as a philanthropic entity, is committed to providing scholarships and grants. Its primary purpose is to receive funds earmarked for scholarships, invest these funds wisely, and subsequently distribute the dividends to deserving Forest Park graduates who have successfully applied and been awarded these scholarships, in accordance with the guidelines established for each individual scholarship. The Forest Park Scholarship Committee plays a vital role in deciding the recipients of these scholarships, and once determined, they communicate this information to the Forest Park Foundation members for the purpose of distribution.
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Impact
October, 2024
The Forest Park Foundation has made a significant impact on the educational landscape in Crystal Falls, MI, by providing vital financial support to students and school organizations through scholarships and grants. Over the past five years, the foundation's value has soared from $14,000 to an impressive $870,000, showcasing its commitment to fostering educational opportunities.
In 2021, the foundation awarded scholarships totaling $14,960 to nine deserving recipients, and in 2022, it granted an additional $7,500 to six students. This consistent support encourages academic achievement and assists in making higher education more accessible for Forest Park graduates.
The mission of the foundation focuses on receiving, investing, and distributing scholarship funds, ensuring that graduates can pursue their educational goals according to established guidelines. With the dedicated efforts of the Forest Park Scholarship Committee, which selects recipients based on merit and need, the foundation plays a crucial role in shaping the futures of young individuals in the community, empowering them to achieve their educational aspirations.
This information is meant to be a general summary of Forest Park Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $266,434
- Gross Receipts: $511,784
Assets and Liabilities:
- Total Assets: $1,007,518
- Total Liabilities: $0
- Net Assets: $1,007,518
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Organization Details
Founding Year
2017
Phone
(906) 214-4695Principal Officer
Jamie Krueger
Main Address
801 FOREST PARKWAY, CRYSTAL FALLS, MI, 49920
Website
www.forestparkfoundation.orgNTEE Category
Code: B12 - Education
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