21st Century Parks Endowment Inc
- Assets
- $74.7m
- Revenue
- $16.8m
- Investments
- $1.1m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2007
- Data as of
- 06/2022
- EIN
- 20-8834817
Organization Overview
21st Century Parks Endowment Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 21st Century Parks Endowment Inc 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, 21st Century Parks Endowment Inc generated $16.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 56.4% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 50.5% 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
TO PRESERVE, PROTECT & MAINTAIN GREEN SPACES & PARKS PRIMARILY IN & AROUND JEFFERSON COUNTY, KY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RAISED FUNDS FOR SUPPORT OF ITS MISSION TO PRESERVE, PROTECT AND MAINTAIN PARKS, PARK FACILITIES AND GREEN SPACES IN JEFFERSON COUNTY, KENTUCKY. THE ORGANIZATION GRANTED $1,400,000 TO 21ST CENTURY PARKS, INC. FOR PARK MAINTENANCE AND OPERATING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel H Jones President And Director | OfficerTrustee | 2 | $0 |
David F Morgan Treasurer | Officer | 2 | $0 |
Laura Forbes Assistant Secretary | Officer | 1 | $0 |
Bryan K Johnson Secretary | Officer | 3 | $0 |
Susan Jones Director | Trustee | 1 | $0 |
Carol Jones Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,608,021 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,608,021 |
| Total Program Service Revenue | $0 |
| Investment income | $904,174 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,800 |
| Net Gain/Loss on Asset Sales | $317,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,831,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,400,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,884 |
| Fees for services: Other | $89,400 |
| Advertising and promotion | $0 |
| Office expenses | $130 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $2,159 |
| All other expenses | $36 |
| Total functional expenses | $1,527,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $956,641 |
| Savings and temporary cash investments | $303,928 |
| Pledges and grants receivable | $1,013,753 |
| 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 | $18,953 |
| Net Land, buildings, and equipment | $7,994,792 |
| Investments—publicly traded securities | $63,330,413 |
| Investments—other securities | $1,085,763 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $74,704,243 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $207,500 |
| Total liabilities | $207,500 |
| Net assets without donor restrictions | $68,425,270 |
| Net assets with donor restrictions | $6,071,473 |
| 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 | $74,704,243 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that 21st Century Parks Endowment Inc has recieved totaling $252,500.
| Awarding Organization | Amount |
|---|---|
Indigo Foundation Inc Louisville, KY PURPOSE: HUMAN SERVICES | $250,000 |
W Bruce Lunsford Foundation Inc Louisville, KY PURPOSE: GENERAL | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Colorado Park 277 Corporation Chicago, IL | $265,380,571 | $11,072,050 |
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |