Shelby Farms Park Conservancy
- Assets
- $8.9m
- Revenue
- $6.6m
- Investments
- $2.1m
- Employees
- 116
- Location
- Memphis, TN
- Founding
- 07/2008
- Data as of
- 06/2024
- EIN
- 26-0350397
Organization Overview
Shelby Farms Park Conservancy is located in Memphis, TN. The organization was established in 2008. 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 06/2024, Shelby Farms Park Conservancy employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby Farms Park 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 06/2024, Shelby Farms Park Conservancy generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $5.5m 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
THE CONSERVANCY'S MISSION IS TO MANAGE, OPERATE, RESTORE AND IMPROVE SHELBY FARMS PARK IN PARTNERSHIP WITH AND FOR THE PUBLIC. THE CONSERVANCY IS RESPONSIBLE FOR DAILY MANAGEMENT, FUNDRAISING TO MEET OPERATIONAL BUDGET NEEDS, SETTING THE VISION FOR THE PARKS'S FUTURE AND STEWARDING ITS NATURAL RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MASTER PLAN:TO CREATE A 21ST CENTURY URBAN PARK FOR MEMPHIS THROUGH THE ENHANCEMENT OF SHELBY FARMS PARK
PARK MAINTENANCE AND OPERATIONS:THE UPKEEP AND MAINTENANCE OF SHELBY FARMS PARK AND GREENLINE CSX RECREATIONAL TRAIL
COMMUNITY OUTREACH/EDUCATION:TO BRING AWARENESS TO THE PARK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin Anderson Board Member | Trustee | 0.5 | $0 |
Shante Avant Board Member | Trustee | 0.5 | $0 |
Marci Cannon Fisher Board Member | Trustee | 0.5 | $0 |
Trevia Chatman Board Member | Trustee | 0.5 | $0 |
Roquita Coleman-Williams Board Member | Trustee | 0.5 | $0 |
Mathilde Crosby Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rotolo Consultants Inc Landscape Maintenance | 6/29/24 | $547,978 |
Production One Llc Starry Nights Consultant | 6/29/24 | $279,894 |
Servicemaster Facilities Maintenance Restoration Services | 6/29/24 | $167,247 |
Trowe Price Investment Services | 6/29/24 | $113,871 |
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 | $1,879,655 |
| Noncash contributions included in lines 1a–1f | $5,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,879,655 |
| Total Program Service Revenue | $2,179,664 |
| Investment income | $247,705 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,101,049 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $106,290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,560,842 |
| 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. | $306,052 |
| Compensation of current officers, directors, key employees. | $73,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,322,022 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $64,569 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $181,685 |
| Advertising and promotion | $63,072 |
| Office expenses | $164,166 |
| Information technology | $57,704 |
| Royalties | $0 |
| Occupancy | $205,459 |
| Travel | $15,588 |
| 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 | $28,024 |
| Insurance | $266,302 |
| All other expenses | $142,449 |
| Total functional expenses | $5,506,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,893,814 |
| Savings and temporary cash investments | $127,695 |
| Pledges and grants receivable | $1,335,227 |
| Accounts receivable, net | $128,657 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $144,180 |
| Prepaid expenses and deferred charges | $153,520 |
| Net Land, buildings, and equipment | $32,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,072,137 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,936 |
| Total assets | $8,911,561 |
| Accounts payable and accrued expenses | $452,062 |
| Grants payable | $0 |
| Deferred revenue | $48,433 |
| 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 | $449,144 |
| Total liabilities | $949,639 |
| Net assets without donor restrictions | $6,422,838 |
| Net assets with donor restrictions | $1,539,084 |
| 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 | $8,911,561 |