Partners For Parks Inc
- Assets
- $1.4m
- Revenue
- $958.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 56-2004107
Organization Overview
Partners For Parks Inc is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners For Parks 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, Partners For Parks Inc generated $958.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.4% each year . All expenses for the organization totaled $216.8k 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
PARTNERS FOR PARKS IS A SUPPORT ORGANIZATION FOR PARKS, GREENWAYS, OPEN SPACE AND RECREATION IN NEIGHBORHOODS THROUGHOUT CHARLOTTE, MECKLENBURG COUNTY AND THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, PARTNERS FOR PARKS PARTNERED WITH MCP&R AND THE CITY OF CHARLOTTE CORRIDORS OF OPPORTUNITY DEPARTMENT TO ORGANIZE AND HOLD "OPEN STREET NEIGHBORHOOD FESTIVALS" IN EACH OF THE FOUR CORRIDORS OF OPPORTUNITY (UNDER-SERVED COMMUNITIES). THESE SATURDAY EVENTS WERE HELD ON THE FOUR SATURDAYS IN OCTOBER AND BROUGHT OUR OPEN STREET FESTIVAL CONCEPTS TO THESE FOUR DIFFERENT NEIGHBORHOODS AS A WAY TO BRING BACK SOME OF THE LARGEST COMMUNITY GATHERINGS SINCE COVID. THESE EVENTS WERE FUNDED BY A GRANT FROM THE CITY OF CHARLOTTE CORRIDORS OF OPPORTUNITY DEPARTMENT AND ARE OUR #1 PROGRAM SERVICE ACCOMPLISHMENT FOR 2023.
MCP&R SENIOR GAMES $7,191, CABARRUS ALP SENIOR ACTIVITIES $3,685, LATTA PLACE PROJECT $2,586, LITTLE SUGAR CREEK GREENWAY ART TOUR $1,500, GREAT TRAIL COALITION YEAR OF THE TRAIL $250. TOTAL ADDITIONAL PROGRAM EXPENSES $15,220. REVENUE FOR THESE ACCOMPLISHMENTS ARE INCLUDED IN CONTRIBUTIONS EXCEPT FOR CABARRUS ALP EVENT REVENUE OF $3,846
JARVI SCHOLARSHIPS AWARDED TO PARK & REC PROFESSIONALS TO ATTEND CONTINUING EDUCATION PROGRAMS ($12,300). DONATION TO NCRPA SCHOLARSHIPS FOR CHILDREN AND YOUTH TO ATTEND SUMMER CAMPS. THIS SCHOLARSHIP DONATION IS A RESULT OF THE CABARRUS ALP ANNUAL MOONSHINE GOLF TOURNAMENT HELD AT MONROE GOLF CLUB - 90% OF NET PROCEEDS GOES TO THE NCRPA SCHOLARSHIP FUND (INCOME OF $5,932 - EXPENSES OF $3,060 = $2,873 NET, 90% = $2,585 DONATION TO NCRPA SCHOLARSHIP FUND)
DURING 2023, PARTNERS FOR PARKS HELD OUR ANNUAL CELEBRATION WHERE WE RECOGNIZED OUR PARTNER SPONSORS AND FRIENDS. THIS CELEBRATION WAS HELD AT THE RECENTLY RENOVATED PEARL STREET PARK IN THE BROOKLYN NEIGHBORHOOD NEAR UPTOWN CHARLOTTE. CITY AND COUNTY DIGNITARIES JOINED OUR BOARD MEMBERS AND MCP&R LEADERS TO CELEBRATE WITH OUR ANNUAL PARTNER SPONSORS AND FRIENDS IN AN EVENING OF FESTIVITIES, MUSIC AND FOOD/BEVERAGES TO SAY, "THANK YOU".
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Poovey President | OfficerTrustee | 15 | $0 |
Emily Condon Secretary | OfficerTrustee | 10 | $0 |
Al Brown Treasurer | OfficerTrustee | 20 | $0 |
Alvin Woods Assistant Treasurer | OfficerTrustee | 3 | $0 |
Greg Austin Director | Trustee | 1 | $0 |
Lorna Allen Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,669 |
| Total Program Service Revenue | $0 |
| Investment income | $13,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $958,344 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,002 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,425 |
| Office expenses | $3,736 |
| Information technology | $2,554 |
| Royalties | $0 |
| Occupancy | $1,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $150 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,523 |
| All other expenses | $0 |
| Total functional expenses | $216,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,114 |
| Savings and temporary cash investments | $1,318,772 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,363,886 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $899,364 |
| Net assets with donor restrictions | $464,522 |
| 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 | $1,363,886 |