Parks Foundation of Broward County Inc

Nonprofit profile at a glance

EIN
464159962
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Pompano Beach, FL, USA
Phone
9549426500
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Parks and Playgrounds

Official website

Reported finances

Revenue
$18,133
Expenses
$19,467
Assets
$108,390

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • Teri Goldsmith (Chair / Director)
  • Sheila Rose (Vice Chair / Director)
  • Thomas Oates (Treasurer / Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organizations primary exempt purpose is to serve as the fundraising and charitable support arm of the Broward County Parks and Recreation Division by funding park improvements, community programs, and public events that encourage use of and engagement with Broward County parks.

What it reported doing in 2024

ParksFest Coconut Creek. ParksFest events are free, family-friendly community festivals held in Broward County parks to promote public use, enjoyment, and awareness of local park facilities. Each ParksFest event features live music performances, cultural programming, food vendors, and recreational activities designed to attract residents to their neighborhood parks and encourage ongoing engagement with Broward County Parks and Recreation amenities. The events are open to the general public and serve residents of all ages, fostering community connection, cultural enrichment, and appreciation of public green spaces. Attendance at this event was 800-1000 people. The expense is only a partial for the event since only one of the event related expenses fell within this accounting period.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 48
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.5%; rating input score 92
  • Program expense ratio: 85.9%; rating input score 86

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -7.4%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 5.57; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -122.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -128.7% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 92.5% of revenue deployed · 85.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $17K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.