Waterloo Greenway Conservancy
- Assets
- $15.9m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 63
- Location
- Austin, TX
- Founding
- 12/2010
- Data as of
- 12/2023
- 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 12/2023, Waterloo Greenway Conservancy employed 63 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 12/2023, Waterloo Greenway Conservancy generated $8.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $9.4m during the year ending 12/2023. 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
WATERLOO GREENWAY CONSERVANCY CREATES AND MAINTAINS AN EXTRAORDINARY URBAN PARK SYSTEM AND A RESTORED WALLER CREEK, IN PARTNERSHIP WITH THE CITY OF AUSTIN, FOR THE BENEFIT OF ALL. THE CONSERVANCY RENEWS THE NATURAL ENVIRONMENT, PROMOTES PLAY, HEALTH AND WELLNESS, ECONOMIC VITALITY AND MOBILITY, AND ENGAGES THE COMMUNITY THROUGH OUTREACH, EDUCATION, CULTURAL EVENTS, AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATERLOO GREENWAY CONSERVANCY OPENED THE REVITALIZED WATERLOO PARK TO THE COMMUNITY IN 2021. THE ORGANIZATION ACTIVATES WATERLOO PARK AND MOODY AMPHITHEATER WITH A VARIETY OF ARTS AND CULTURAL EXPERIENCES, INCLUDING: PERMANENT AND TEMPORARY ART EXHIBITIONS; LIVE MUSIC CONCERTS; DANCE AND PERFORMANCE ART; LARGE-SCALE CULTURAL FESTIVALS; AND ARTS AND CULTURAL ACTIVITIES AT WEEKLY PROGRAMS.
WATERLOO GREENWAY'S NON-ARTS PROGRAMMING INCLUDES PARTNERSHIP-BASED HEALTHY LIVING/FITNESS CLASSES AND A COMMUNITY ENGAGEMENT PROGRAM. FITNESS CLASSES ARE OFFERED AT THE PARK THROUGHOUT THE SPRING AND SUMMER. THE COMMUNITY ENGAGEMENT PROGRAM OPERATES YEAR-ROUND TO RAISE CITYWIDE AWARENESS AND ENSURE THAT RESIDENTS IN ALL 10 COUNCIL DISTRICTS HAVE OPPORTUNITIES TO ENGAGE WITH AND BENEFIT FROM THE PROJECT.
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. CONSTRUCTION OF THE CONFLUENCE BEGAN IN 2023.
WATERLOO GREENWAY CONSERVANCY'S PARK OPERATIONS PROGRAM MAINTAINS AND OPERATES WATERLOO PARK IN DOWNTOWN AUSTIN. THE PARK OPERATIONS TEAM MAINTAINS 1.5 MILES OF TRAILS, 500 TREES, 90,000+ PLANTS, A BEAUTIFUL TREE DECK, AN OPEN PLAZA, AND A 5,000 PERSON CAPACITY OUTDOOR AMPHITHEATER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Lafrey Chair | OfficerTrustee | 3 | $0 |
Cotter Cunningham Immediate Past Chair | OfficerTrustee | 2 | $0 |
Martha Smiley Chair Elect | OfficerTrustee | 4 | $0 |
Xavier Pena Secretary | OfficerTrustee | 2 | $0 |
Anne Smalling Treasurer | OfficerTrustee | 2 | $0 |
Hayden Brooks Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Live Nation Worldwide Inc Concert Production | 12/30/23 | $1,002,519 |
The Panacea Collective Event Planning & Production | 12/30/23 | $638,544 |
Golden Arrow Security | 12/30/23 | $387,954 |
Event Tex Production Labor | 12/30/23 | $245,666 |
Michael Van Valkenburgh Assoc Architecture & Design | 12/30/23 | $433,111 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $627,845 |
| Related organizations | $0 |
| Government grants | $436,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,814,245 |
| Noncash contributions included in lines 1a–1f | $12,244 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,878,829 |
| Total Program Service Revenue | $2,067,279 |
| Investment income | $182,298 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $170,503 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$232,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,071,181 |
| 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. | $898,739 |
| Compensation of current officers, directors, key employees. | $189,884 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,959,533 |
| Pension plan accruals and contributions | $36,626 |
| Other employee benefits | $295,738 |
| Payroll taxes | $220,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,823 |
| Fees for services: Accounting | $60,319 |
| Fees for services: Lobbying | $129,386 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $875,313 |
| Advertising and promotion | $72,712 |
| Office expenses | $237,038 |
| Information technology | $96,171 |
| Royalties | $0 |
| Occupancy | $398,701 |
| Travel | $32,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $67,139 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,946 |
| Insurance | $55,302 |
| All other expenses | $16,358 |
| Total functional expenses | $9,430,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $990,919 |
| Savings and temporary cash investments | $5,935,981 |
| Pledges and grants receivable | $6,168,490 |
| Accounts receivable, net | $41,464 |
| 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 | $112,675 |
| Net Land, buildings, and equipment | $928,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,720,332 |
| Total assets | $15,897,957 |
| Accounts payable and accrued expenses | $2,802,336 |
| Grants payable | $0 |
| Deferred revenue | $311,116 |
| 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 | $642,543 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,968 |
| Total liabilities | $3,839,963 |
| Net assets without donor restrictions | $3,820,764 |
| Net assets with donor restrictions | $8,237,230 |
| 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 | $15,897,957 |