Legacy Parks Foundation

Organization Overview

Legacy Parks Foundation is located in Knoxville, TN. The organization was established in 2006. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Legacy Parks Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Parks Foundation 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 12/2021, Legacy Parks Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $608.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LEGACY PARKS FOUNDATION WORKS TO ASSURE THAT OUR COMMUNITY ENJOYS EXCEPTIONAL RECREATIONAL OPPORTUNITIES, NATURAL BEAUTY AND OPEN SPACES, AND THAT THOSE ASSETS EXIST FOR GENERATIONS TO COME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEGACY PARKS FOUNDATION WORKS TO CREATE PUBLIC PLACES, PROMOTE RECREATIONAL OPPORTUNITIES AND HELP CONSERVE NATURAL RESOURCES. ACCOMPLISHMENTS INCLUDE CREATING, HELPING ESTABLISH THREE NEW PUBLIC PARKS,BUILDING NEW MULTI-USE TRAILS AND BOAT LAUNCHES, AND PROTECTING THE SHORELINE OF THE FRENCH BROAD RIVER.


PRODUCING OUTDOOR RECERETIONAL OPPORTUNITIES AND CONSERVING OUTDOOR NATURAL RESOURCES.


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Board, Officers & Key Employees

Name (title)Compensation
Carol Evans
Executive Di
$146,750
Cecilia Peterson
Treasurer
$0
Jeremy Nelson
Chairman
$0
Nicki Collett
Secretary
$0
Shannon Harper
Board Member
$0
Joe Mack
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $175,000
All other contributions, gifts, grants, and similar amounts not included above$584,773
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$759,773
Total Program Service Revenue$0
Investment income $607
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $5,000
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $121,880
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $6,714
Miscellaneous Revenue$0
Total Revenue $1,000,351

Grants Awarded

Over the last fiscal year, Legacy Parks Foundation has awarded $1,562,222 in support to 2 organizations.

Grant RecipientAmount

CITY OF KNOXVILLECITY OF KNOXVILLE

PURPOSE: PARKS & RECREATION

$1,551,222

KNOX COUNTYKNOX COUNTY

PURPOSE: PARKS & RECREATION

$11,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Legacy Parks Foundation has recieved totaling $99,426.

Awarding OrganizationAmount
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$40,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$37,714
East Tennessee Foundation

Knoxville, TN

PURPOSE: GEN/OPER SUPPORT

$14,700
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$7,012
View Grant Recipient Profile

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