Foundation Park Conservancy
- Assets
- $1.1m
- Revenue
- $646.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Mount Vernon, OH
- Founding
- 09/2009
- Data as of
- 12/2023
- 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 12/2023, Foundation Park Conservancy employed 8 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 12/2023, Foundation Park Conservancy generated $646.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $266.1k during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 8 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
2023
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 NEIGHBORHOOD PROPERTIES UNDER THE OWNERSHIP AND/OR CARE OF THE CONSERVANCY; PROMOTED OUTDOOR RECREATION THROUGHOUT THE YEAR; HOSTED THREE CONCERTS INCLUDING ONE IN CELEBRATION OF JULY 4TH; HOSTED THE CITY OF MOUNT VERNONS JULY 4TH FIREWORKS EVENT WELCOMING MORE THAN 10,000 GUESTS INTO THE PARK; PROVIDED A FAREWELL TO SUMMER THEMED SUNSET SOCIAL; COMPLETED IMPROVEMENT PROJECTS AT THE SCHNORMEIER EVENT CENTER AND KNOX COUNTY FOUNDATION PAVILION; BEGAN REDEVELOPMENT OF A NATIVE PRAIRIE; HOSTED A STORYBOOK TRAIL IN PARTNERSHIP WITH THE LOCAL LIBRARY; MANAGED COMMUNITY LIGHTING REQUESTS FOR THE TOWER AND BRIDGES TO PROMOTE, HONOR AND CELEBRATE SPECIAL MESSAGES FROM COMMUNITY MEMBERS; HOSTED THE KNOX COUNTY CAREER CENTER AFJROTC RAIDER COMPETITION; MANAGED RENTALS OF PARK PAVILIONS AND THREE EVENT VENUES; AND, MARKETED THE PARK TO REACH 10,000 MONTHLY SOCIAL MEDIA USERS AND ATTRACT 32,000 VISITORS TO THE PARK WEBSITE FOR 93,000 PAGE VIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Fritz Former Exec Dir | 30 | $41,448 | |
Jen Odenweller Secretary | OfficerTrustee | 1 | $0 |
Nick Clark Vice Chair | OfficerTrustee | 1 | $0 |
Josh Mullet Treasurer | OfficerTrustee | 2 | $0 |
Noelle Jordan Board Member | Trustee | 1 | $0 |
Mike Miller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,910 |
| Related organizations | $0 |
| Government grants | $8,123 |
| All other contributions, gifts, grants, and similar amounts not included above | $527,016 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,049 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,723 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $27,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,016 |
| 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. | $41,448 |
| Compensation of current officers, directors, key employees. | $12,850 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $79,795 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,500 |
| Payroll taxes | $9,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,560 |
| 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 | $1,475 |
| Advertising and promotion | $4,217 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,701 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,523 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,334 |
| Insurance | $15,679 |
| All other expenses | $0 |
| Total functional expenses | $266,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,757 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,003,527 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,055,284 |
| Accounts payable and accrued expenses | $3,044 |
| 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 | $0 |
| Total liabilities | $3,044 |
| Net assets without donor restrictions | $1,052,240 |
| 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 | $1,055,284 |