21st Century Parks Inc
- Assets
- $97.8m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 53
- Location
- Louisville, KY
- Founding
- 04/2005
- Data as of
- 12/2023
- EIN
- 20-1780317
Organization Overview
21st Century Parks Inc, operating under the name The Parklands Of Floyds Fork, is located in Louisville, KY. The organization was established in 2005. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Parklands Of Floyds Fork employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parklands Of Floyds Fork is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Parklands Of Floyds Fork generated $12.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $7.5m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND PRESERVE PARKLANDS THAT REFLECT THE NEEDS AND VALUES OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION:21ST CENTURY PARKS INC. DEVELOPS, FUNDS AND OPERATES THE PARKLANDS OF FLOYDS FORK. THIS OVER 4,000-ACRE PUBLIC PARK IS COMPLETE, MAKING IT THE LARGEST URBAN PARK SYSTEM BUILT IN THE NATION IN AT LEAST THE LAST 20 YEARS. EVEN MORE UNIQUE, THIS PARK CHARGES NO ADMISSION FEE AND OPERATES WITHOUT RECEIVING PUBLIC TAX DOLLARS FOR OPERATIONS. IN 2023, THE PARKLANDS HOSTED 3.4 MILLION VISITORS FROM ACROSS THE REGION. THESE VISITORS HIKED AND BIKED THE 46 MILES OF MULTI-USE TRAILS, PADDLED 22 MILES OF FLOYDS FORK AND PLAYED GAMES ON 20 MULTI-USE SPORTS FIELDS. IN COLLABORATION WITH PARTNERS, 21ST CENTURY PARKS STOCKED MORE THAN 10,000 FISH IN THE PARKLANDS LAKES AND STREAMS FOR THE ANGLING COMMUNITY, PROVIDED 81 PLOTS FOR COMMUNITY GARDENS AND REGISTERED HUNDREDS OF DOG OWNERS AT THE BARKLANDS DOG PARK. AREA INDIVIDUALS AND BUSINESSES CONTRIBUTED MORE THAN 980 VOLUNTEER HOURS IN THE PARKLANDS.
CONSERVATION: 21ST CENTURY PARKS, INC. IS DEDICATED TO THE CONSERVATION AND ENRICHMENT OF THE LAND FOR WHICH IT IS RESPONSIBLE. THE ORGANIZATION EMPLOYS A FULL-TIME GARDENING AND NATURAL AREAS TEAM THAT REMOVED INVASIVE PLANT SPECIES ON MORE THAN 140 ACRES; MAINTAINED OVER 400 ACRES OF NATIVE MEADOWS; AND TREATED & CARED FOR THE THOUSANDS OF TREES AND SHRUBS PLANTED IN THE PARKLANDS. WE PARTICIPATED IN THE ENVIRONMENTAL QUALITY INCENTIVES PROGRAM: THE PARKLANDS PERFORMED RESTORATION WORK ON MORE THAN 50 ACRES WHICH INCLUDED ESTABLISHMENT OF RIPARIAN CORRIDORS, BRUSH AND WEED MANAGEMENT. 21ST CENTURY PARKS INC. ALSO MAINTAINS TWO GROVES OF ENDANGERED AMERICAN CHESTNUT TREES. IN 2023, 21ST CENTURY PARKS, INC. HARVESTED OVER 120 CHESTNUTS FOR PLANTING WITHIN THE PARKLANDS.
EDUCATION:21ST CENTURY PARKS, INC. PROVIDES DYNAMIC, LIFE-CHANGING EXPERIENCES FOR LOUISVILLE-AREA YOUTH THAT CONNECT THEM WITH THE OUTDOORS AND OUR NATURAL KENTUCKY LANDSCAPE. THESE EXPERIENCES ARE DESIGNED TO INCITE CURIOSITY ABOUT OUR NATURAL WORLD WHILE FOCUSING ON STEM EDUCATION CURRICULUM USING OUR OUTDOOR CLASSROOM. IN 2023, WE CONDUCTED IN-PERSON FIELD TRIP PROGRAMMING FOR MORE THAN 10,600 AREA TITLE I STUDENTS. IN ADDITION, THE PARKLANDS EDUCATION TEAM PERFORMED OUTREACH DURING THE COLDER MONTHS OF THE YEAR, GOING TO 10 SCHOOLS/PROGRAMS TO PROVIDE SCIENCE/ENVIRONMENTAL EDUCATION TO NEARLY 3,000 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Daniel H Jones Chair | OfficerTrustee | 20 | $0 |
Bryan K Johnson Treasurer | OfficerTrustee | 1 | $0 |
Sandra Frazier Partial Year Director | Trustee | 1 | $0 |
Mary Nixon Director | Trustee | 1 | $0 |
Carol L Jones Director | Trustee | 1 | $0 |
William Juckett Partial Year Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenscapes Lawn & Landscaping Inc Landscaping | 12/30/23 | $239,737 |
Flynn Brothers Inc Infrastructure Repair | 12/30/23 | $150,360 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,132,271 |
| Related organizations | $0 |
| Government grants | $251,263 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,370,241 |
| Noncash contributions included in lines 1a–1f | $3,201,158 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,753,775 |
| Total Program Service Revenue | $223,250 |
| Investment income | $887 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $286,131 |
| Net Gain/Loss on Asset Sales | $5,356 |
| Net Income from Fundraising Events | -$196,142 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,089,541 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $330,122 |
| Compensation of current officers, directors, key employees. | $23,546 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,985,458 |
| Pension plan accruals and contributions | $47,060 |
| Other employee benefits | $140,422 |
| Payroll taxes | $148,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,361 |
| Fees for services: Accounting | $37,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $394,834 |
| Advertising and promotion | $171,016 |
| Office expenses | $53,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $178,664 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,010,010 |
| Insurance | $345,170 |
| All other expenses | $0 |
| Total functional expenses | $7,467,583 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,074,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,033,704 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,716 |
| Net Land, buildings, and equipment | $94,561,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,805,389 |
| Accounts payable and accrued expenses | $171,559 |
| Grants payable | $0 |
| Deferred revenue | $176,496 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $348,055 |
| Net assets without donor restrictions | $95,509,903 |
| Net assets with donor restrictions | $1,947,431 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $97,805,389 |