Louisville Olmsted Parks Conservancy Inc
- Assets
- $7.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 18
- Location
- Louisville, KY
- Founding
- 07/1991
- Data as of
- 12/2023
- EIN
- 61-1196368
Organization Overview
Louisville Olmsted Parks Conservancy Inc is located in Louisville, KY. The organization was established in 1991. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Louisville Olmsted Parks Conservancy Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Olmsted Parks Conservancy 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, Louisville Olmsted Parks Conservancy Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 9.9% per year over the past 9 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
RESTORING, ENHANCING AND FOREVER PROTECTING LOUISVILLE'S OLMSTED-DESIGNED PARKS AND PARKWAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSERVANCY RAISES FUNDS EACH YEAR FOR MAJOR DEVELOPMENT PROJECTS TO ENHANCE OUR PARKS. FUNDS RAISED HAVE BEEN USED TO REFURBISH HOGAN'S FOUNTAIN AND SURROUNDING AREA IN CHEROKEE PARK. WE COMPLETED A NEW PLAYGROUND/SPRAYGROUND IN CENTRAL PARK. WE CONTINUED OUR TRAIL RESTORATION WORK IN IROQUOIS, SENECA AND CHEROKEE PARKS. WE BEGAN WORK ON RENOVATIONS IN ELLIOTT PARK. THESE FUNDS ARE ALSO USED FOR CAPACITY BUILDING THROUGH CONTINUING OUR TEAM FOR HEALTHY PARKS CREW WORK IN ECOLOGICAL RESTORATION, WOODLANDS MANAGEMENT AND HORTICULTURE.
THE CONSERVANCY WORKS TO CONNECT NEIGHBORS AND COMMUNITIES TO OUR PARKS THROUGH SPECIAL EVENTS AND A PARK STEWARD PROGRAM OF VOLUNTEERS TO HELP MAINTAIN THE GREENSPACE AND WOODLANDS.
THROUGH ADVERTISING, SOCIAL MEDIA AND OUR ANNUAL REPORT, THE CONSERVANCY WORKS TO KEEP THE COMMUNITY INFORMED OF CHANGES TO OUR PARKS SUCH AS ROAD CLOSURES IN CHEROKEE PARK, NATURAL SURFACES TRAIL WORK IN IROQUOIS AND SENECA, MAJOR RENOVATION AND REVITALIZATION PROJECTS IN ELLIOTT, CENTRAL, BEARGRASS PRESERVE, HOGAN'S FOUNTAIN AND GAULBERT PAVILION. WE ALSO SHARE INFORMATION ON HOW WE ARE BEING GOOD STEWARDS OF THE FUNDS CONTRIBUTED FOR PARK ENGAGEMENT AND ON-GOING RESTORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Auerbach Trustee, Chair | OfficerTrustee | 0.1 | $0 |
Gwen Tilton Trustee, Vice Chair | OfficerTrustee | 0.1 | $0 |
Faith Crump Trustee, Treasurer | OfficerTrustee | 0.1 | $0 |
Earl F Jones Trustee, Secretary | OfficerTrustee | 0.1 | $0 |
Nubia Bennett Trustee | Trustee | 0.1 | $0 |
Jerry Brown Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ez Construction Company Inc Construction Contractor | 12/30/23 | $227,970 |
Complete Demolition Services Llc Building Demolition | 12/30/23 | $170,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $284,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,240,122 |
| Noncash contributions included in lines 1a–1f | $362,605 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,524,122 |
| Total Program Service Revenue | $0 |
| Investment income | $129,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,674,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $480,049 |
| 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. | $195,320 |
| Compensation of current officers, directors, key employees. | $78,128 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $816,203 |
| Pension plan accruals and contributions | $12,126 |
| Other employee benefits | $83,984 |
| Payroll taxes | $75,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,759 |
| Fees for services: Other | $270,749 |
| Advertising and promotion | $16,549 |
| Office expenses | $149,918 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,084 |
| Travel | $23,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,496 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,840 |
| Insurance | $43,948 |
| All other expenses | $9,019 |
| Total functional expenses | $2,907,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,957 |
| Savings and temporary cash investments | $59,827 |
| Pledges and grants receivable | $799,197 |
| 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 | $32,989 |
| Prepaid expenses and deferred charges | $103,500 |
| Net Land, buildings, and equipment | $1,650,044 |
| Investments—publicly traded securities | $4,339,835 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,894 |
| Total assets | $7,468,243 |
| Accounts payable and accrued expenses | $714,086 |
| 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 | $714,086 |
| Net assets without donor restrictions | $4,445,588 |
| Net assets with donor restrictions | $2,308,569 |
| 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 | $7,468,243 |