| Entity | Document Type | Tax ID |
|---|---|---|
| National Park Trust & Affiliates | Audited Consolidated Financial Statements | multiple |
| National Park Trust | IRS Form 990 | 52-1691924 |
|
Entity: National Park Trust & Affiliates Document Type: Audited Consolidated Financial Statements Tax ID: multiple |
|
Entity: National Park Trust Document Type: IRS Form 990 Tax ID: 52-1691924 |
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Grace Lee | Executive Director | $147,788 |
| 2 | Mike Hoehn | Director of Finance & Administration | $114,654 |
|
1 Name: Grace Lee Title: Executive Director Compensation: $147,788 |
|
2 Name: Mike Hoehn Title: Director of Finance & Administration Compensation: $114,654 |
According to the National Park Trust consolidated audit of June 30, 2021 (Note 14, In-Kind Contributions), the Trust received in-kind donated legal services in fiscal 2021 on which it placed a total value of $155,000. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
According to the National Park Trust consolidated audit of June 30, 2021 (Note 19, Loans Payable - Paycheck Protection Program): "On April 22, 2020, the Trust received loan proceeds in the amount of approximately $126,783 under the Paycheck Protection Program ('PPP') with M&T Bank. The PPP, established as part of the Coronavirus Aid, Relief and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks, assuming the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if the borrower terminates employees or reduces salaries during the eight-week period. The unforgiven portion of the PPP loan is payable over two years at an interest rate of 1%, with a deferral of payments for the first six months. "On March 25, 2021, National Park Trust received approval from M&T Bank and the Small Business Administration (SBA) that the 1st Paycheck Protection Program Loan, in the amount of $126,783 dated April 22, 2020, had been forgiven in its entirety." |
According to the National Park Trust consolidated audit of June 30, 2021 (Note 13, Related Parties): "On April 2, 2021, the Trust entered into a note agreement with a Board of Trustee member to finance the purchase price of the property in Fort Scott, KS of $155,000. The note is interest-only, payable quarterly at an annual rate of 3% with a balloon payment of the principal on its maturity date of June 30, 2027." |
According to the National Park Trust consolidated audit of June 30, 2021 (Note 20, Uncertainties): "On March 11, 2020, the World Health Organization pronounced the coronavirus (COVID-19) outbreak a pandemic. Citizens and economies of the United States and other countries have been significantly impacted by the pandemic. The duration and impact remain unknown, but so far have been expansive. While it is premature to accurately predict how the coronavirus will ultimately affect the Trust's operations because the disease's severity and duration remain uncertain. Our opinion is not modified with respect to this matter and no pandemic implications are accounted for in these [audited] financial statements." |
