Wallisville Heritage Park Foundation Incorporated
- Assets
- $165.7k
- Revenue
- $104.9k
- Investments
- $0.0
- Employees
- 1
- Location
- Wallisville, TX
- Founding
- 07/1981
- Data as of
- 12/2021
- EIN
- 74-2099076
Organization Overview
Wallisville Heritage Park Foundation Incorporated is located in Wallisville, TX. The organization was established in 1981. 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. Wallisville Heritage Park Foundation Incorporated 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, Wallisville Heritage Park Foundation Incorporated generated $104.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $96.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 7 years. 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
HISTORICAL PRESERVATION ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAINTAINS A HISTORICAL PARK WHICH INCLUDES RESTORED BUILDINGS AND A LIBRARY CONTAINING HISTORICAL VOLUMES. THE PARK RECEIVED APPROXIMATELY 1,107 VISITORS ANNUALLY.
THE FOUNDATION PUBLISHED "THE AGE", A RE-ENACTED VERSION OF THE AREA'S FIRST NEWSPAPER. THE FOUNDATION DISTRIBUTES APPROXIMATELY 184 ISSUES PER MONTH.
THE FOUNDATION PUBLISHED A BOOK ENTITLED "MONROE CITY - THE TOWN OIL BUILT" WRITTEN BY KEVIN LADD. THE BOOK IS A HISTORY OF MONROE CITY, TEXAS, A TOWN BUILT BY HUMBLE OIL & REFINING COMPANY TO BE A HOME TO ITS WORKERS AS THE ANAHUAC OIL FIELD WAS DEVELOPED AT THE END OF THE GREAT DEPRESSION. IT PROVIDES A HISTORY OF THE TOWN AND HOW IT CAME TO BE BUILT, DESCRIBES LIFE IN THE TOWN, AND INCLUDES PROFILES AND PHOTOS OF MANY FORMER RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr D Mayes Middleton II President | OfficerTrustee | 2 | $0 |
Mr Roy Kimbell Turner Director | Trustee | 1 | $0 |
Mrs Myrna Finch Director | Trustee | 1 | $0 |
Mr Charles Wiggins Director | Trustee | 1 | $0 |
Mrs Caroline Turner Director | Trustee | 1 | $0 |
Mr James B Sterling III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $101,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,124 |
| Total Program Service Revenue | $1,296 |
| Investment income | $0 |
| 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 | $104,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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 | $35,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $448 |
| Payroll taxes | $2,816 |
| 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 | $0 |
| Fees for services: Other | $4,714 |
| Advertising and promotion | $2,429 |
| Office expenses | $6,362 |
| 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 | $21 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,888 |
| Insurance | $0 |
| All other expenses | $4,367 |
| Total functional expenses | $96,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,165 |
| Savings and temporary cash investments | $0 |
| 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 | $106,224 |
| Prepaid expenses and deferred charges | $228 |
| Net Land, buildings, and equipment | $22,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,097 |
| Total assets | $165,748 |
| 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 | $84 |
| Total liabilities | $84 |
| 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 | $165,664 |
| Total liabilities and net assets/fund balances | $165,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Pease Park Conservancy Austin, TX | $3,299,549 | $1,315,940 |
Spark Houston, TX | $2,148,796 | $3,269,886 |
Linda Pace Foundation San Antonio, TX | $85,448,768 | $4,905,864 |
Evelyns Park Conservancy Bellaire, TX | $893,230 | $3,189,760 |
Emancipation Park Conservancy Houston, TX | $2,439,536 | $2,922,994 |
State Parks And Recreation Foundation Of Arkansas Little Rock, AR | $3,242,113 | $1,406,923 |
Hemisfair Conservancy San Antonio, TX | $1,859,669 | $1,225,591 |