Overton Park Conservancy
- Assets
- $2.6m
- Revenue
- $1.7m
- Investments
- $682.7k
- Employees
- 12
- Location
- Memphis, TN
- Founding
- 12/2011
- Data as of
- 12/2023
- EIN
- 45-2031097
Organization Overview
Overton Park Conservancy is located in Memphis, TN. The organization was established in 2011. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Overton Park Conservancy employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overton 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, Overton Park Conservancy generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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 MANAGE THE FOREST AND PARKLAND AREAS OF OVERTON PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE THE FOREST AND PARKLAND AREAS OF OVERTON PARK; TO RETURN OVERTON PARK TO ITS FORMER POSITION OF EXCELLENCE AS THE "CROWN JEWEL" OF MEMPHIS' PUBLIC PARKS, A CITY TREASURE THAT CONTINUES TO ATTRACT LOCALS AND VISITORS ALIKE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Adelman Treasurer | OfficerTrustee | 0.5 | $0 |
Andy Cates Board Member | Trustee | 0.5 | $0 |
Mike Humes Board Member | Trustee | 0.5 | $0 |
Juanita Ortiz Board Member | Trustee | 0.5 | $0 |
Cardell Orrin Board Member | Trustee | 0.5 | $0 |
Kerri Campbell Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Echo Systems Landscape Llc Landscaping | 12/30/23 | $197,186 |
Bynum Construction & Maintenance Construction | 12/30/23 | $128,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $649,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,033,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,683,600 |
| Total Program Service Revenue | $0 |
| Investment income | $66,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,406 |
| Net Gain/Loss on Asset Sales | $1,006 |
| Net Income from Fundraising Events | -$19,627 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $10,835 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,746,225 |
| 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. | $202,599 |
| Compensation of current officers, directors, key employees. | $17,974 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $335,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $71,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,051 |
| Fees for services: Other | $42,500 |
| Advertising and promotion | $10,337 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360 |
| Travel | $538 |
| 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 | $5,037 |
| Insurance | $47,675 |
| All other expenses | $38,403 |
| Total functional expenses | $2,086,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,662,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $29,653 |
| Accounts receivable, net | $68,468 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,486 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $682,744 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,867 |
| Total assets | $2,562,366 |
| Accounts payable and accrued expenses | $78,264 |
| 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 | $102,867 |
| Total liabilities | $181,131 |
| Net assets without donor restrictions | $1,700,003 |
| Net assets with donor restrictions | $681,232 |
| 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 | $2,562,366 |