Discovery Green Conservancy
- Assets
- $45.1m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Houston, TX
- Founding
- 07/2005
- Data as of
- 06/2022
- EIN
- 20-1951465
Organization Overview
Discovery Green Conservancy is located in Houston, TX. The organization was established in 2005. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Discovery Green Conservancy employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Discovery Green Conservancy 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 06/2022, Discovery Green Conservancy generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISCOVERY GREEN CONSERVANCY'S VISION IS TO CREATE A VITAL, ACTIVE URBAN SPACE AT THE HEART OF OUR COMMUNITY THROUGH CREATIVE PLACEMAKING. THE PARK TYPICALLY OFFERS MORE THAN 600 EVENTS EACH YEAR, MOST OF WHICH ARE PRESENTED FREE TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISCOVERY GREEN CONSERVANCY OPERATES A PUBLIC PARK, OPEN YEAR-ROUND AT NO CHARGE TO RESIDENTS AND VISITORS OF THE GREATER HOUSTON AREA. THE PARK INCLUDES OPEN AREAS FOR EVENTS, PICNICS, AND SPORTS, A PLAYGROUND AND AN INTERACTIVE WATER FEATURE FOR CHILDREN, A LAKE, A PUTTING GREEN, VARIOUS GARDENS, A JOGGING PATH, DOG RUNS, TWO RESTAURANTS, PERFORMANCE AREAS AND BOTH TEMPORARY AND PERMANENT INSTALLATIONS OF ART. THE PARK HOSTS A VARIETY OF ACTIVITIES SUCH AS YOGA, DANCE AND FITNESS CLASSES AND PERFORMING ARTS EVENTS, AS WELL AS SPECIAL EVENTS SUCH AS AN ICE RINK IN WINTER.
IN MARCH 2017, DISCOVERY GREEN ENTERED INTO A PARTNERSHIP WITH HOUSTON FIRST TO MANAGE PROGRAMMING FOR THE NEW AVENIDA HOUSTON PLAZA IN FRONT OF THE GEORGE R. BROWN CONVENTION CENTER. THE GOAL IS TO PROVIDE BOTH CONVENTION VISITORS AND HOUSTONIANS A GREAT NEW DOWNTOWN DESTINATION. NUMEROUS FREE EVENTS, INCLUDING LIVE MUSIC AND TEMPORARY ART INSTALLATIONS, WERE PROGRAMMED BY DISCOVERY GREEN ON THE PLAZA ACROSS THE STREET FROM THE PARK. DUE TO THE ONSET OF THE COVID-19 PANDEMIC IN SPRING 2020, THE NUMBER OF FREE EVENTS AT AVENIDA HOUSTON PLAZA HAS DECREASED FROM PRIOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry H Caldwell Chair | OfficerTrustee | 2 | $0 |
Julie Sudduth Vice Chair | OfficerTrustee | 1 | $0 |
Andrew Abendshein Secretary/treasurer | OfficerTrustee | 1 | $0 |
Roxanne Almaraz Director | Trustee | 1 | $0 |
Zane Carruth Director | Trustee | 1 | $0 |
Linda Evans Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cinergy Works Event Production | 6/29/22 | $491,447 |
Quick Protection Inc Security | 6/29/22 | $250,698 |
360 Av Design Group Llc Design Services | 6/29/22 | $438,583 |
Creos Experts-conseils Inc Art Services | 6/29/22 | $247,839 |
Mid-west Electric Co Construction | 6/29/22 | $455,370 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,760 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,780,003 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,813,985 |
| Noncash contributions included in lines 1a–1f | $955,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,598,748 |
| Total Program Service Revenue | $3,446,089 |
| Investment income | $3,101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $359 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,234 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,049,531 |
| 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. | $261,954 |
| Compensation of current officers, directors, key employees. | $64,516 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,608,490 |
| Pension plan accruals and contributions | $83,708 |
| Other employee benefits | $329,988 |
| Payroll taxes | $134,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,620 |
| Fees for services: Accounting | $32,571 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,333 |
| Fees for services: Other | $124,521 |
| Advertising and promotion | $116,276 |
| Office expenses | $10,879 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $188,767 |
| Travel | $11,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,909 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,118,592 |
| Insurance | $135,627 |
| All other expenses | $69,930 |
| Total functional expenses | $7,323,031 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $969,953 |
| Savings and temporary cash investments | $4,118,195 |
| Pledges and grants receivable | $34,912 |
| Accounts receivable, net | $545,066 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,901 |
| Prepaid expenses and deferred charges | $113,774 |
| Net Land, buildings, and equipment | $32,336,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,956,876 |
| Total assets | $45,086,607 |
| Accounts payable and accrued expenses | $580,534 |
| Grants payable | $0 |
| Deferred revenue | $1,003,778 |
| 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 | $1,584,312 |
| Net assets without donor restrictions | $41,129,509 |
| Net assets with donor restrictions | $2,372,786 |
| 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 | $45,086,607 |