Lake Ridge Parks & Recreation Association Inc
- Assets
- $11.9m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 64
- Location
- Lake Ridge, VA
- Founding
- 05/1973
- Data as of
- 08/2021
- EIN
- 54-0910640
Organization Overview
Lake Ridge Parks & Recreation Association Inc is located in Lake Ridge, VA. The organization was established in 1973. 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 08/2021, Lake Ridge Parks & Recreation Association Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Ridge Parks & Recreation Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2021, Lake Ridge Parks & Recreation Association Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $6.2m during the year ending 08/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE OF COMMONLY OWNED PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION WAS ORGANIZED TO COLLECTIVELY MAINTAIN AND PRESERVE THE COMMONLY OWNED PROPERTY AND AMENITIES FOR THE PLEASURE AND BENEFIT OF THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ike Mutlu General Manager | 40 | $142,666 | |
Mark Brooks Facilities Director | 40 | $130,421 | |
Michael Butler Vice President | Officer | 0 | $0 |
Janet Foote President | Officer | 0 | $0 |
Ronald Yoho Treasurer | Officer | 0 | $0 |
Tina Herndon Secretary | Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charlie & Sons Trash Trash Removal | 8/30/21 | $774,654 |
Brothers Paving Paving | 8/30/21 | $209,707 |
Mercer Trigiani Legal | 8/30/21 | $166,517 |
Premier Aquatics Pool Management | 8/30/21 | $368,960 |
Dominion Paving & Sealing Paving | 8/30/21 | $239,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,573,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,673,225 |
| Total Program Service Revenue | $131,418 |
| Investment income | $124,150 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,244 |
| 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 | $7,365,440 |
| 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. | $273,087 |
| Compensation of current officers, directors, key employees. | $273,087 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,172,001 |
| Pension plan accruals and contributions | $74,415 |
| Other employee benefits | $369,882 |
| Payroll taxes | $177,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,295 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,715 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $32,694 |
| Insurance | $230,175 |
| All other expenses | $1,822,860 |
| Total functional expenses | $6,173,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $514,123 |
| Savings and temporary cash investments | $10,977,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,511 |
| 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 | $222,737 |
| Net Land, buildings, and equipment | $49,867 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,720 |
| Total assets | $11,873,713 |
| Accounts payable and accrued expenses | $1,055,272 |
| Grants payable | $0 |
| Deferred revenue | $970,905 |
| 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 | $2,026,177 |
| Net assets without donor restrictions | $952,316 |
| Net assets with donor restrictions | $8,895,220 |
| 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 | $11,873,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us National Whitewater Center Inc Charlotte, NC | $52,351,525 | $16,921,663 |
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Kaboom Inc Washington, DC | $33,837,191 | $27,499,929 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Dorothea Dix Park Conservancy Raleigh, NC | $6,442,747 | $1,230,438 |
National Parking Association Inc Washington, DC | $2,660,652 | $3,146,199 |
Parks & People Foundation Inc Baltimore, MD | $15,484,458 | $3,287,882 |
Columbia Memorial Park Inc Arlington, VA | $6,724,392 | $4,421,124 |