Nichols Hills Parks Inc
- Assets
- $945.8k
- Revenue
- $261.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Nichols Hills, OK
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 73-1172961
Organization Overview
Nichols Hills Parks Inc is located in Nichols Hills, OK. The organization was established in 1987. 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. Nichols Hills 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 06/2022, Nichols Hills Parks Inc generated $261.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $243.9k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINING AND IMPROVING VARIOUS PUBLIC PARKS WITHIN THE CITY OF NICHOLS HILLS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BEAUTIFY THE 30 PARKS FOR THE CITY OF NICHOLS HILLS
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Marshall President | OfficerTrustee | 20 | $0 |
Nancy Herzel Treasurer | OfficerTrustee | 15 | $0 |
Gay Kirby Secretary | OfficerTrustee | 20 | $0 |
Karen Smith Asst. Secretary | Trustee | 1 | $0 |
Marilyn Meade Asst Secretary | Trustee | 1 | $0 |
Henry Hood Director | Trustee | 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 | $235,716 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,716 |
| Total Program Service Revenue | $24,842 |
| Investment income | $712 |
| 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 | $261,270 |
| 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 | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| 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 | $23,149 |
| Insurance | $2,285 |
| All other expenses | $53,764 |
| Total functional expenses | $243,902 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $268,763 |
| Savings and temporary cash investments | $524,524 |
| 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 | $152,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $945,839 |
| 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 | $268,763 |
| Net assets with donor restrictions | $677,076 |
| 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 | $945,839 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Nichols Hills Parks Inc has recieved totaling $14,980.
| Awarding Organization | Amount |
|---|---|
Drake Gungoll Foundation Oklahoma City, OK PURPOSE: GENERAL CONTRIBUTION | $10,000 |
James D & Kay Y Moran Foundation Dallas, TX PURPOSE: DAN MORAN PARK ENDOWMENT FUND | $4,780 |
M D Jirous And Barbara Jirous Foundation Inc Oklahoma City, OK PURPOSE: CONTRIBUTION | $100 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: PARK MAINTENANCE | $50 |
Paul D Austin Family Foundation Tr Oklahoma City, OK PURPOSE: CHARITABLE | $50 |
Endowment Analysis
| Beg. Balance | $472,497 |
| Net Contributions | $138,064 |
| Other Expense | $154,848 |
| Ending Balance | $455,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Morgans Wonderland San Antonio, TX | $32,067,275 | $4,136,578 |
Austin Parks Foundation Austin, TX | $18,633,164 | $9,510,875 |
Hollywood Memorial Park Company Houston, TX | $33,442,112 | $5,846,225 |
Parks For Downtown Dallas Dallas, TX | $32,328,636 | $5,039,628 |
Woodall Rodgers Park Foundation Dallas, TX | $79,564,838 | $21,615,495 |
Memorial Park Tulsa, OK | $30,425,611 | $5,086,019 |
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Pease Park Conservancy Austin, TX | $3,299,549 | $1,315,940 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Spark Houston, TX | $2,148,796 | $3,269,886 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Linda Pace Foundation San Antonio, TX | $85,448,768 | $4,905,864 |