Friends of the Hollywood Cap Park Hollywood Freeway Central Park

the Hollywood Central Park is a landmark infrastructure project that will create more than 35,000 direct and indirect jobs over 10 years, provide economic stimulus and long term economic security, provide healthy communities and provide children with open green space in which to grow and thrive.the Hollywood Central Park will transform Hollywood's disadvantaged communities intothriving economic engines and is an investment in our children, our community and our future.

IN ACCORDANCE WITH US GAAP, CONTRIBUTION OF SERVICES ARE RECOGNIZED IF THE SERVICES RECEIVED (a) CREATE OR ENHANCE NONFINANCIAL ASSETS OR (b) REQUIRE SPECIALIZED SKILLS THAT ARE PROVIDED BY INDIVIDUALS POSSESSING THOSE SKILLS, AND (c) THE SERVICES AND COSTS WOULD TYPICALLY NEED TO BE PURCHASED IF NOT PROVIDED BY DONATION. CONTRIBUTED SERVICES THAT DO NOT MEET THE CRITERIA ARE NOT RECOGNIZED.FHCP RECEIVES A SIGNIFICANT AMOUNT OF DONATED SERVICES FROM UNPAID PROFESSIONAL VOLUNTEERS WHO ASSIST IN CARRYING OUT THE ORGANIZATION'S PROGRAM SERVICES.SEE SCH D AND SCH O FOR DETAIL.