Louisville Olmsted Parks Conservancy Inc
- Assets
- $14.2m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Louisville, KY
- Founding
- 07/1991
- Data as of
- 12/2021
- 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 12/2021, Louisville Olmsted Parks Conservancy Inc employed 19 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 12/2021, Louisville Olmsted Parks Conservancy Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 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
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. FOR EXAMPLE, IN 2021, WE RAISED OVER $1.5 MILLION AS PART OF OUR PARKS FOR ALL CAMPAIGN. THESE FUNDS HAVE BEEN USED TO REFURBISH SPORTS COURTS IN ALGONQUIN PARK, ADD CHESS TABLES TO SHAWNEE PARK, REFURBISH LIMESTONE STEPS IN CHEROKEE PARK AND DEVELOP MASTER PLANS FOR PROJECTS IN BINGHAM AND ELLIOT PARKS. THESE FUNDS ARE ALSO USED TO CONTINUE OUR TEAM FOR HEALTHY PARKS CREW WORK IN MAINTAINING THE PARK PROPERTIES.
THE CONSERVANCY WORKS TO CONNECT NEIGHBORS AND COMMUNITIES TO OUR PARKS THROUGH SPECIAL EVENTS, COMMUNITY PARK PLAY PROGRAMS, 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, MAJOR RENOVATION AND REVITALIZATION PROJECTS IN ELLIOT AND BINGHAM PARKS, AND HOW WE ARE BEING GOOD STEWARDS OF THE FUNDS CONTRIBUTED FOR PARK ENGAGEMENT AND RESTORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Layla K George President/ceo | Officer | 40 | $173,077 |
Jay Gulick Trustee, Chair | OfficerTrustee | 0.1 | $0 |
W David Dunn Jr Trustee, Secretary | OfficerTrustee | 0.1 | $0 |
Gwen Tilton Trustee, Treasurer | OfficerTrustee | 0.1 | $0 |
Summer Auerbach Trustee, Vice Chair | Trustee | 0.1 | $0 |
Ellen Bland Trustee | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,735,852 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,814,295 |
| Total Program Service Revenue | $0 |
| Investment income | $38,006 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$37,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,818,959 |
| 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. | $173,077 |
| Compensation of current officers, directors, key employees. | $56,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,422 |
| Payroll taxes | $57,804 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,609 |
| Fees for services: Other | $104,162 |
| Advertising and promotion | $28,603 |
| Office expenses | $126,604 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,077 |
| Travel | $31,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,039 |
| Insurance | $19,756 |
| All other expenses | $0 |
| Total functional expenses | $1,767,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $205,355 |
| Savings and temporary cash investments | $1,777,428 |
| Pledges and grants receivable | $1,677,587 |
| 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 | $9,525 |
| Prepaid expenses and deferred charges | $5,726 |
| Net Land, buildings, and equipment | $8,241,204 |
| Investments—publicly traded securities | $2,266,220 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,368 |
| Total assets | $14,228,413 |
| Accounts payable and accrued expenses | $171,965 |
| 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 | $171,965 |
| Net assets without donor restrictions | $11,151,903 |
| Net assets with donor restrictions | $2,904,545 |
| 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 | $14,228,413 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Louisville Olmsted Parks Conservancy Inc has recieved totaling $608,628.
| Awarding Organization | Amount |
|---|---|
James Graham Brown Foundation Inc Louisville, KY PURPOSE: IMPLEMENTATION OF THE ELLIOTT PARK MASTER PLAN, AS A PART OF THE PARKS FOR ALL CAMPAIGN | $500,000 |
W L Lyons Brown Foundation Louisville, KY PURPOSE: OPERATIONAL SUPPORT | $95,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $7,410 |
James Graham Brown Foundation Inc Louisville, KY PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
The Samuel Lyon Charitable Foundation Inc Louisville, KY PURPOSE: SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $168 |
Endowment Analysis
| Beg. Balance | $1,674,606 |
| Earnings | $229,019 |
| Ending Balance | $1,903,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Mareda Inc Toledo, OH | $0 | $769,242 |