Waterloo Greenway Conservancy
- Assets
- $14.3m
- Revenue
- $19.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Austin, TX
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-3225405
Organization Overview
Waterloo Greenway Conservancy is located in Austin, TX. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Waterloo Greenway Conservancy employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterloo Greenway 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, Waterloo Greenway Conservancy generated $19.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $16.0m during the year ending 12/2021. 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
WATERLOO GREENWAY CONSERVANCY IS A 501(C)(3) NON-PROFIT WHOSE MISSION IS TO CREATE AND MAINTAIN A CHAIN OF EXTRAORDINARY URBAN PARKS AROUND A RESTORED WALLER CREEK, IN PARTNERSHIP WITH THE CITY OF AUSTIN, FOR THE BENEFIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONCE COMPLETE, WATERLOO GREENWAY WILL BE A 35 ACRE, 1.5-MILE PARK SYSTEM OF CONNECTED GREEN SPACE THAT WILL BE HOME TO A WILD ARRAY OF NATURAL AND CULTURAL DESTINATIONS. A SIGNIFICANT PUBLIC-PRIVATE PARTNERSHIP BETWEEN THE CITY OF AUSTIN AND WATERLOO GREENWAY CONSERVANCY, THIS PARK IS BEING PLANNED, DESIGNED, AND BUILT IN A SERIES OF GEOGRAPHIC MILESTONES. SYMPHONY SQUARE, WATERLOO PARK, AND MOODY AMPHITHEATER ARE NOW OPEN. PHASE II CONSTRUCTION WILL BEGIN IN EARLY 2023.
WATERLOO GREENWAY REOPENED WATERLOO PARK TO THE COMMUNITY IN 2021. THE ORGANIZATION OFFERED A VARIETY OF PROGRAMS IN THE NEWLY RESTORED PARK. PROGRAMS INCLUDED COMMUNITY FESTIVALS, LIVE MUSIC CONCERTS IN THE AMPHITHEATER, WEEKLY WORKOUT AND FITNESS CLASSES, AND ART IN THE PARK. IN ADDITION TO PROGRAMMING, WATERLOO GREENWAY MAINTAINS THE PARK AND FACILITIES WITHIN THE PARK. THE PARK INCLUDES 1.5 MILES OF TRAILS, 500 NEW TREES, AND 90,000 NEW PLANTS. IN 2022, THE ORGANIZATION PLANS TO FINALIZE DESIGN ON THE NEXT PHASE OF THE GREENWAY, KNOWN AS THE CONFLUENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Miller CEO 3/15/21-12/31/21 | OfficerTrustee | 40 | $184,140 |
Erica Saenz Chief Operating Officer | Officer | 40 | $170,000 |
Delores Lenzy-Jones CFO | Officer | 40 | $161,399 |
Evelyn Nazro Chief Development Officer | 40 | $150,000 | |
Martin Nembhard Director Of Park Operations | 40 | $124,350 | |
John Rigdon Director Of Planning And Development | 40 | $111,154 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Van Valkenburgh Assoc Architecture & Design | 12/30/21 | $1,751,059 |
Dpr Construction Construction | 12/30/21 | $9,667,104 |
The Panacea Collective Event Planning | 12/30/21 | $691,978 |
Michael Hsu Office Of Architecture Architecture & Design | 12/30/21 | $181,010 |
Thomas Phifer & Partners Architecture & Design | 12/30/21 | $179,357 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $827,639 |
| Related organizations | $0 |
| Government grants | $7,490,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,889,234 |
| Noncash contributions included in lines 1a–1f | $173,263 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,207,101 |
| Total Program Service Revenue | $1,076,176 |
| Investment income | $6,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,485 |
| Net Gain/Loss on Asset Sales | $499 |
| Net Income from Fundraising Events | $346,710 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,654,960 |
| 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. | $593,643 |
| Compensation of current officers, directors, key employees. | $87,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,354,699 |
| Pension plan accruals and contributions | $12,768 |
| Other employee benefits | $216,265 |
| Payroll taxes | $155,491 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $103,535 |
| Fees for services: Accounting | $48,975 |
| Fees for services: Lobbying | $82,238 |
| Fees for services: Fundraising | $2,389 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,365,795 |
| Advertising and promotion | $51,438 |
| Office expenses | $348,011 |
| Information technology | $67,152 |
| Royalties | $0 |
| Occupancy | $487,985 |
| Travel | $40,781 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,247 |
| Interest | $77,578 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $129,943 |
| Insurance | $78,007 |
| All other expenses | $40,800 |
| Total functional expenses | $15,990,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,874,310 |
| Savings and temporary cash investments | $5,013,209 |
| Pledges and grants receivable | $4,342,538 |
| Accounts receivable, net | $192,909 |
| 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 | $442,543 |
| Net Land, buildings, and equipment | $729,903 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,699,301 |
| Total assets | $14,294,713 |
| Accounts payable and accrued expenses | $598,767 |
| Grants payable | $0 |
| Deferred revenue | $936,939 |
| 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 | $2,315,028 |
| Unsecured mortgages and notes payable | $297,454 |
| Other liabilities | $0 |
| Total liabilities | $4,148,188 |
| Net assets without donor restrictions | $2,989,693 |
| Net assets with donor restrictions | $7,156,832 |
| 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 | $14,294,713 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Waterloo Greenway Conservancy has recieved totaling $841,948.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $324,504 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $250,000 |
Sugar Creek Foundation Pennington, NJ PURPOSE: UNRESTRICTED GENERAL | $100,000 |
Austin Community Foundation Austin, TX PURPOSE: SEND A NOTE MEMORIAL GIFT PASADENA LN UNIT 3703 ROUND ROCK TX 78664 | $73,608 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $26,000 |
Bbb Serving The Heart Of Texas Austin, TX PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |