Lafayette Central Park Inc
- Assets
- $21.8m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 47
- Location
- Lafayette, LA
- Founding
- 08/2013
- Data as of
- 12/2023
- EIN
- 46-2552778
Organization Overview
Lafayette Central Park Inc is located in Lafayette, LA. The organization was established in 2013. 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, Lafayette Central Park Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Central Park Inc 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, Lafayette Central Park Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $2.8m 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
ORGANIZED TO PLAN, DESIGN, BUILD, AND MAINTAIN A COMMUNITY PARK FOR THE CITY OF LAFAYETTE AND ITS SURROUNDING AREA ON A PLOT OF ROUGHLY 100 ACRES LEASED FROM THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, MAINTENANCE AND OPERATION OF A PUBLIC PARK BY RAISING MONEY FOR THE DESIGN AND CONSTRUCTION OF THE PARK AND FOR THE CREATION OF A FUND FOR PERPETUAL MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jp Macfadyen Exective Dir. | Trustee | 40 | $128,017 |
Jacob Roberie Treasurer | OfficerTrustee | 1 | $0 |
William Rucks V Vice Chair | OfficerTrustee | 1 | $0 |
Stanley B Blackstone Member | Trustee | 1 | $0 |
Daniel E Gilder Member | Trustee | 1 | $0 |
James Bienvenu Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,824,412 |
| Noncash contributions included in lines 1a–1f | $11,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,824,412 |
| Total Program Service Revenue | $767,874 |
| Investment income | $24,366 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,052 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,682,704 |
| 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. | $135,000 |
| Compensation of current officers, directors, key employees. | $40,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $973,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,774 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,584 |
| Advertising and promotion | $57,297 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,736 |
| Travel | $4,760 |
| 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 | $640,233 |
| Insurance | $112,454 |
| All other expenses | $258,691 |
| Total functional expenses | $2,789,832 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,897,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,486,271 |
| Accounts receivable, net | $5,365 |
| 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 | $58,429 |
| Net Land, buildings, and equipment | $16,292,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,038,979 |
| Total assets | $21,779,781 |
| Accounts payable and accrued expenses | $55,509 |
| 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 | $637,048 |
| Total liabilities | $692,557 |
| Net assets without donor restrictions | $19,504,041 |
| Net assets with donor restrictions | $1,583,183 |
| 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 | $21,779,781 |