Trust for Public Land

CharityWatch's rating of The Trust for Public Land is for the 501(c)(3) public charity entity (tax ID #23-7222333) and does not include the related 501(c)(4) tax-exempt, social welfare organization, The Trust for Public Land Action Fund (tax ID #04-3515341). CharityWatch does not provide a separate rating for the Action Fund at this time due to its relatively small size.

CharityWatch separates the ratings for 501(c)(3) & 501(c)(4) organizations, even if their financial activities are included together in a consolidated audit, due to their differing treatments under the IRS tax code. For more information on this topic, please see our sections on Types of Non-Profits, Tax Status, and Treatment of Related Organizations, which can be found on the Our Process page. For more information about things to consider when donating to organizations that have related public charity and social welfare entities, read "Sorting Out Nonprofit Pairs" in the "Articles & Alerts" section, below.

According to The Trust for Public Land consolidated audit of June 30, 2021 (Note 8, Notes Payable):

"In May 2020, the Trust for Public Land was granted a loan from the Small Business Administration in the amount of $6,484,335 under the Paycheck Protection Program (PPP). 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 loan and accrued interest may be forgiven as long as the Trust for Public Land uses the loan proceeds for eligible purposes, including payroll, benefits and utilities, and maintains its payroll levels. The amount of loan forgiveness will be reduced if certain requirements are not met. The loan was forgiven in full in June 2021 and is recognized in other changes in net assets as a gain on extinguishment of debt in the [audited] Consolidated Statement of Activities and Changes in Net Assets."

According to The Trust for Public Land consolidated audit of June 30, 2021 (Note 12, Commitments and Contingencies, Contract Commitments):

"The Trust for Public Land had future construction contract commitments for parks and playgrounds of approximately $7,602,000 and $9,809,000 as of June 30, 2021 and 2020, respectively. The Trust for Public Land funds its park and playground work through cost reimbursement contracts and restricted operating grants."

According to The Trust for Public Land consolidated audit of June 30, 2021 (Note 17, COVID-19 Pandemic):

"On March 11, 2020, the World Health Organization publicly characterized COVID-19 as a pandemic. States of emergency were declared in many federal, state, and local jurisdictions and shelter-in-place orders were instituted in many cities and states, impacting business operations in most industries and sectors. There has been no significant impact on the Trust for Public Land's operations. Staff are currently working remote with business travel and events resuming in accordance with federal, state, and city mandates. As discussed in Note 8 [cited separately, above], the Trust for Public Land received a PPP loan to mitigate the impact of COVID-19 on its operations, and the loan was forgiven during the year ended June 30, 2021."