21st Century Parks Endowment Inc
- Assets
- $95.5m
- Revenue
- $4.8m
- Investments
- $1.2m
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2007
- Data as of
- 06/2024
- 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 06/2024, 21st Century Parks Endowment Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $8.9m during the year ending 06/2024. 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
2024
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 $8,754,588, INCLUDING LAND VALUED AT $3,029,076, TO 21ST CENTURY PARKS, INC. (DBA THE PARKLANDS OF FLOYDS FORK) FOR PARK MAINTENANCE, OPERATING COSTS AND LAND ACQUISITIONS FOR PARK USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel H Jones President And Director | OfficerTrustee | 2 | $0 |
Susan Jones Director | Trustee | 1 | $0 |
Carol Jones Director | Trustee | 1 | $0 |
David F Morgan Treasurer | Officer | 2 | $0 |
Bryan K Johnson Secretary | Officer | 3 | $0 |
Laura Forbes Assistant Secretary | Officer | 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 | $3,114,893 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,114,893 |
| Total Program Service Revenue | $900 |
| Investment income | $1,705,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,816,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,754,588 |
| 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 | $35,243 |
| Fees for services: Accounting | $11,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,835 |
| Fees for services: Other | $64,163 |
| Advertising and promotion | $0 |
| Office expenses | $1,451 |
| 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 | $3,518 |
| All other expenses | $12 |
| Total functional expenses | $8,901,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $697,273 |
| Savings and temporary cash investments | $129,062 |
| Pledges and grants receivable | $78,689 |
| 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 | $6,664 |
| Net Land, buildings, and equipment | $4,630,820 |
| Investments—publicly traded securities | $88,690,489 |
| Investments—other securities | $1,238,085 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $95,471,082 |
| Accounts payable and accrued expenses | $27,169 |
| 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 | $183,560 |
| Total liabilities | $210,729 |
| Net assets without donor restrictions | $84,409,637 |
| Net assets with donor restrictions | $10,850,716 |
| 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 | $95,471,082 |
Grants Awarded
Over the last fiscal year, 21st Century Parks Endowment Inc has awarded $8,754,588 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
21ST CENTURY PARKS INC PURPOSE: TO PRESERVE AND SUSTAIN PARKLANDS THAT REFLECT THE NEEDS AND VALUES OF OUR COMMUNITY. | $5,725,512 |
21ST CENTURY PARKS INC PURPOSE: TO PRESERVE AND SUSTAIN PARKLANDS THAT REFLECT THE NEEDS AND VALUES OF OUR COMMUNITY. | $3,029,076 |