George K Bowling Community Park Inc
- Assets
- $1.5m
- Revenue
- $628.7k
- Investments
- $43.5k
- Employees
- 14
- Location
- Edmonton, KY
- Founding
- 09/1979
- Data as of
- 12/2023
- EIN
- 61-0945479
Organization Overview
George K Bowling Community Park Inc is located in Edmonton, KY. The organization was established in 1979. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 12/2023, George K Bowling Community Park Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George K Bowling Community 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, George K Bowling Community Park Inc generated $628.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $733.4k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 8 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 OWN, OPERATE, AND MAINTAIN A PARK FOR THE BENEFIT OF COMMUNITIES IN AND AROUND METCALFE COUNTY, KENTUCKY, ITS VISITORS, AND GUESTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY CENTER IS A FACILITY AVAILABLE TO RESIDENTS OF METCALFE COUNTY AND CAN BE USED FOR A VARIETY OF EVENTS.
GAMING ACTIVITIES
THE VILLAGE SHOP PROVIDES GOOD QUALITY NEW AND USED CLOTHING AND HOUSEHOLD ITEMS. THESE ITEMS ARE AVAILABLE FOR PURCHASE AT AN AFFORDABLE PRICE OR CAN BE PURCHASED THROUGH A WORK EXCHANGE PROGRAM.
THE FITNESS CENTER OFFERS A PLACE FOR RESIDENTS TO IMPROVE PHYSICAL FITNESS WITH EMPHASIS ON THE CARDIOVASCULAR SYSTEM. FITNESS CENTER FEES ARE CONTINGENT UPON THE INCOME OF INDIVIDUALS INTERESTED, OR MEMBERS CAN PARTICIPATE IN A WORK EXCHANGE PROGRAM FOR USE OF THE CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Smith President | OfficerTrustee | 1 | $0 |
Cathy Jessie Secretary | OfficerTrustee | 1 | $0 |
Lisa Boswell Executive Director | OfficerTrustee | 40 | $144,579 |
Steve Scholar Director | Trustee | 1 | $0 |
John Froehlich Director | Trustee | 1 | $0 |
Holly Coleman Vice President | Officer | 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 | $37,731 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,731 |
| Total Program Service Revenue | $87,358 |
| Investment income | $1,817 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,000 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $401,762 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,950 |
| Grants and other assistance to domestic individuals. | $15,123 |
| 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 | $304,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,516 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,045 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,638 |
| Advertising and promotion | $3,162 |
| Office expenses | $6,477 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,846 |
| Travel | $4,396 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,834 |
| Insurance | $28,307 |
| All other expenses | $0 |
| Total functional expenses | $733,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $399,316 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $160 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $17,553 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $999,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,522 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,460,535 |
| Accounts payable and accrued expenses | $45,390 |
| 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 | $45,390 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,415,145 |
| Total liabilities and net assets/fund balances | $1,460,535 |
Grants Awarded
Over the last fiscal year, George K Bowling Community Park Inc has awarded $21,300 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VFW POST 5419 PURPOSE: DONATION | $8,400 |
CUMBERLAND COUNTY BAND PURPOSE: DONATION | $5,100 |
ORDER OF THE EASTERN STAR PURPOSE: DONATION | $7,800 |