Foundation Park Conservancy
- Assets
- $944.5k
- Revenue
- $299.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Mount Vernon, OH
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-4646309
Organization Overview
Foundation Park Conservancy is located in Mount Vernon, OH. The organization was established in 2009. 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 12/2021, Foundation Park Conservancy employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation 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 12/2021, Foundation Park Conservancy generated $299.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $161.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD AND SUPPORT THE ECONOMIC STABILITY, PRESERVATION, DEVELOPMENT, PROGRAMMING AND PROMOTION OF ARIEL-FOUNDATION PARK IN COLLABORATION WITH THE CITY OF MOUNT VERNON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY BENEFIT ACTIVITIES INCLUDED CARING FOR 250 ACRES OF REVITALIZED GREENSPACE AND PROMOTING OUTDOOR RECREATION; HOSTING EIGHT CONCERTS INCLUDING ONE IN CELEBRATION OF JULY 4TH; INSTALLING A NEW SOUND SYSTEM IN THE EVENT CENTER; PARTNERING WITH LOCAL VISITORS BUREAU TO HOST A BIKE KNOX EVENT; COORDINATING A SUMMER FITNESS PROGRAM IN THE PARK; PROVIDING SPECIAL WINTER HOLIDAY EXPERIENCES IN THE PARK; LIGHTING THE TOWER AND TWO BRIDGES TO PROMOTE, HONOR AND CELEBRATE SPECIAL MESSAGES FROM COMMUNITY MEMBERS; MARKETING THE PARK REACHING 1.1 MILLION SOCIAL MEDIA USERS AND ATTRACTING 188,000 VISITORS TO THE PARK WEBSITE; AND, PARTICIPATING IN AN OHIO TOURISM CO-OP PARTNERSHIP FOCUSED ON PROMOTION OF KEY DESTINATIONS IN MOUNT VERNON, OH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark K Fritz Executive Dir. | Trustee | 40 | $65,000 |
Michael Percy President | OfficerTrustee | 2 | $0 |
Kim Rose Past President | OfficerTrustee | 1 | $0 |
Melanie Bolender Secretary | OfficerTrustee | 1 | $0 |
Jeff Scott Vice President | OfficerTrustee | 1 | $0 |
David Stuller Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,087 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,856 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,943 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,271 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $87,029 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,113 |
| 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. | $65,000 |
| Compensation of current officers, directors, key employees. | $19,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,905 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,156 |
| Advertising and promotion | $12,665 |
| Office expenses | $4,927 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,002 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $7,966 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,230 |
| Insurance | $6,004 |
| All other expenses | $1,869 |
| Total functional expenses | $161,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,396 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $840,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,977 |
| Total assets | $944,534 |
| Accounts payable and accrued expenses | $1,465 |
| 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 | $311,623 |
| Unsecured mortgages and notes payable | $17,400 |
| Other liabilities | $0 |
| Total liabilities | $330,488 |
| Net assets without donor restrictions | $614,046 |
| Net assets with donor restrictions | $0 |
| 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 | $944,534 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Foundation Park Conservancy has recieved totaling $97,592.
| Awarding Organization | Amount |
|---|---|
Knox County Foundation Mount Vernon, OH PURPOSE: Concert Series & Donor Grants | $66,710 |
The Ariel Foundation Mount Vernon, OH PURPOSE: SCHNORMEIER EVENT CENTER FIRE SUPPRESSION | $18,856 |
The Ariel Foundation Mount Vernon, OH PURPOSE: SUPPORT SERVICES | $7,000 |
The Ariel Foundation Mount Vernon, OH PURPOSE: CAPACITY BUILDING | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Buhl Park Corporation Hermitage, PA | $630,019 | $2,157,285 |