Austin Parks Foundation
- Assets
- $25.3m
- Revenue
- $12.2m
- Investments
- $1.3m
- Employees
- 22
- Location
- Austin, TX
- Founding
- 12/1992
- Data as of
- 12/2023
- EIN
- 74-2648803
Organization Overview
Austin Parks Foundation is located in Austin, TX. The organization was established in 1992. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Austin Parks Foundation employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Parks Foundation 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, Austin Parks Foundation generated $12.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $8.9m during the year ending 12/2023. While expenses have increased by 6.9% 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.
Since 2015, Austin Parks Foundation has awarded 93 individual grants totaling $4,739,684. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
APF PROVIDES RESOURCES AND PARTNERSHIPS THAT CREATE AND SUSTAIN PARKS IN AUSTIN, TX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK IMPROVEMENTS: DURING 2023, APF MADE PARK IMPROVEMENTS BOTH LARGE AND SMALL. THREE OF THE LARGEST PARK IMPROVEMENTS DURING THE YEAR WERE: GOVALLE BALLFIELD LIGHTING, DOVE SPRINGS BASKETBALL COURT RENOVATION, AND MCBETH RECREATION CENTER IMPROVEMENTS. SEE SCHEDULE O FOR MORE DETAIL ON APF PROJECTS COMPLETED IN 2023. OTHER SMALLER PARK IMPROVEMENT PROJECTS INCLUDED FUNDING FOR POMERLEAU POCKET PARK, SCENIC BROOK POCKET PARK, AND BRUSH SQUARE.
OTHER PROGRAM EXPENSES INCLUDE $1,951,098 PRIMARILY OF FUNDS TO THE CITY OF AUSTIN AND APPROXIMATELY $200,000 IN MAINTENANCE COSTS IN ZILKER PARK PAID BY APF RELATED TO THE AUSTIN CITY LIMITS (ACL) MUSIC FESTIVAL. THE ACL FESTIVAL IS THE LARGEST ANNUAL PARK ACTIVATION PROGRAM HELD BY AUSTIN PARKS FOUNDATION AND BRINGS TENS OF THOUSANDS OF LOCAL RESIDENTS AND VISITORS FROM ALL OVER THE WORLD INTO ONE OF AUSTIN'S PREMIER PARKS EACH YEAR.
PARK ACTIVATION, PROGRAMMING, VOLUNTEERISM & PARK MAINTENANCE: APF ENGAGES THE COMMUNITY AND WORKS TO FILL THE GAP IN PUBLIC FUNDING BY PROVIDING VITAL IMPROVEMENTS TO KEEP THE CITY'S PARKS IN GOOD CONDITION. APF'S PARK ACTIVATION AND PROGRAMMING INCLUDES IT'S MY PARK DAY, WHERE THOUSANDS OF COMMUNITY MEMBERS COME TOGETHER TO IMPROVE AND MAINTAIN THEIR PARKS; THE PARKS SUMMIT WHICH PROVIDES AN OPEN FORUM FOR DISCUSSION BETWEEN EXPERTS AND STAKEHOLDERS ON IMPORTANT TOPICS; PLAYDATES IN THE PARK, MOVIES IN THE PARK AND THE ADOPT-A-PARK PROGRAM, WHERE COMMUNITY MEMBERS BECOME THE STEWARDS OF THEIR NEIGHBORHOOD PARKS AND HAVE THE OPTION OF OPENING A SPONSORED FUND ACCOUNT TO EFFICIENTLY FUNDRAISE AND REINVEST IN THEIR OWN COMMUNITY PARKS. SEE SCHEDULE O FOR ADDITIONAL DETAIL.
PARK ADOPTER SUPPORT: FUNDING WAS AWARDED TO PARK ADOPTER GROUPS FOR DESIGN AND IMPROVEMENTS IN THEIR NEIGHBORHOOD PARKS. APF OVERSEES ALL PROJECTS AND PAYS CONTRACTORS DIRECTLY SEE SCHEDULE O FOR ADDITIONAL DETAIL REGARDING GRANTS AWARDED IN 2023 AND PROJECTS FROM PRIOR GRANT AWARDS, COMPLETED IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Weaver Chair | OfficerTrustee | 1 | $0 |
Luke Ellis Vice-Chair | OfficerTrustee | 1 | $0 |
Cory Laurel Secretary | OfficerTrustee | 1 | $0 |
Robyn Lewis Treasurer | OfficerTrustee | 1 | $0 |
Rashed Islam Past Chair | OfficerTrustee | 1 | $0 |
Barbara Austin Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cleanscapes Lp General Construction Services | 12/30/23 | $637,026 |
Siglo Group Llc Event Consulation & Coordination Service | 12/30/23 | $158,817 |
Paradigm Contracting Llc General Construction Services | 12/30/23 | $500,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $462,337 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,260,647 |
| Noncash contributions included in lines 1a–1f | $36,799 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,722,984 |
| Total Program Service Revenue | $8,955,477 |
| Investment income | $559,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $284,926 |
| Net Income from Fundraising Events | -$363,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,160,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $570,830 |
| 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. | $409,007 |
| Compensation of current officers, directors, key employees. | $79,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,558,138 |
| Pension plan accruals and contributions | $75,065 |
| Other employee benefits | $100,144 |
| Payroll taxes | $149,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,498 |
| Fees for services: Accounting | $153,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $124,815 |
| Fees for services: Other | $169,437 |
| Advertising and promotion | $36,228 |
| Office expenses | $57,242 |
| Information technology | $104,484 |
| Royalties | $0 |
| Occupancy | $70,956 |
| Travel | $11,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,890 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,812 |
| Insurance | $380,281 |
| All other expenses | $35,806 |
| Total functional expenses | $8,902,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,405 |
| Savings and temporary cash investments | $5,515,159 |
| Pledges and grants receivable | $96,000 |
| Accounts receivable, net | $8,671,058 |
| 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 | $95,491 |
| Net Land, buildings, and equipment | $548,463 |
| Investments—publicly traded securities | $8,681,629 |
| Investments—other securities | $1,316,334 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,793 |
| Total assets | $25,297,332 |
| Accounts payable and accrued expenses | $2,797,410 |
| Grants payable | $446,328 |
| 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 | $192,800 |
| Total liabilities | $3,436,538 |
| Net assets without donor restrictions | $17,589,418 |
| Net assets with donor restrictions | $4,271,376 |
| 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 | $25,297,332 |
Grants Awarded
Over the last fiscal year, Austin Parks Foundation has awarded $545,830 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DOWNTOWN AUSTIN PARKS LLC PURPOSE: REPUBLIC SQUARE IMPROVEMENTS AND REPAIRS | $238,196 |
ZILKER THEATER PRODUCTIONS-V PURPOSE: SPONSORSHIP - ZILKER HILLSIDE THEATRE & STAGE REPAIRS | $75,000 |
AUSTIN COMMUNITY FOUNDATION - FBO TOLF PURPOSE: TRAIL OF LIGHTS SPONSORSHIP | $25,000 |
CITY OF AUSTIN PARD PURPOSE: PARD SCHOLARSHIPS | $100,000 |
URBAN LAND INSTITUTE PURPOSE: PARNTER SPONSORSHIP | $10,000 |
CAPITAL OF TEXAS PUBLIC TELECOMMUNICATIONS COUNCIL PURPOSE: PARNTER SPONSORSHIP | $11,000 |