To enhance and support the public recreational programs and facilities in the Town of Palm Beach, promoting community engagement and wellbeing.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.4M
+40.9% YoY
Annual Giving
$30K
+100.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$30K
+100.0% YoY
About Friends of Recreation Inc
Based on IRS filings
Friends of Recreation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 1 grants totaling $30K. Net investment income was $32K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,401,280 | $994,182 | $705,522 |
| Revenue | $342,257 | $293,758 | $141,584 |
| Expenses | $48,304 | $66,225 | $56,759 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $32,359 | $17,089 | $4,247 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Matthew Smith | Chairman | 1 | — |
| Michael Ainslie | Vice Chairman | 1 | — |
| Darlene Jordan | Vice Chairman | 1 | — |
| Michael Kluger | Director | 1 | — |
| Alicia Mullen | Treasurer | 1 | — |
| Steve Smith | Director | 1 | — |
| Suzanne Ainslie | Director | 1 | — |
| Robert Crespi | Director | 1 | — |
| Cody Crowell | Director | 1 | — |
| Natalie Emerson | Director | 1 | — |
| Kimberly Goodwin | Director | 1 | — |
| Kelly Grace | Director | 1 | — |
| Jason Kalisman | Director | 1 | — |
| Sara Maggio | Director | 1 | — |
| Marley Overman | Director | 1 | — |
| Todd Peter | Director | 1 | — |
| Gary Pohrer | Director | 1 | — |
| Carolyn Ryan | Director | 1 | — |
| Diane Sterne | Director | 1 | — |
| Tara Vecellio | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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