Greater Paris Development Foundation Inc
- Assets
- $116.3k
- Revenue
- $35.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Paris, TX
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 75-1947699
Organization Overview
Greater Paris Development Foundation Inc is located in Paris, TX. The organization was established in 1984. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Paris Development Foundation 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, Greater Paris Development Foundation Inc generated $35.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $41.1k during the year ending 12/2023. 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
TO ACQUIRE PROPERTY AND USE AND MANAGE THE SAME IN SUCH MANNER AS ITS BOARD OF DIRECTORS DETERMINES IS FOR THE BEST INTEREST OF THE DEVELOPMENT OF THE GREATER PARIS, TX AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARIS PUMP TRACK PROGRAM BUILT THE BICYCLE TRACK LOCATED RIGHT OUTSIDE OF LOVE CIVIC CENTER. THIS PUMP TRACK IS THE LARGEST IN THE UNITED STATES AND WILL CONTINUE TO MAKE PARIS, LAMAR COUNTY A BIKING DESTINATION. THE PUMP TRACK IS DESIGNED TO ATTRACT SOME OF THE MOST ELITE COMPETITIONS IN THE WORLD. ALSO INCLUDED IN THE DESIGN IS A LOOP FOR NEW RIDERS MAKING IT ATTRACTIVE TO THE LOCAL COMMUNITY. IT IS A CITY PARK AND IS FREE TO THE PUBLIC.
RENO RAIL IS A PROJECT ADOPTED TO CONVERT LAND, PREVIOUSLY USED AS RAILROAD RIGHT-OF-WAY THROUGH RENO, TX AND NE TEXAS TO A SCENIC WALKING/BICYCLING TRAIL. THE PARIS DOWNTOWN ASSOCIATION PROGRAM SEEKS TO DEVELOP INVOLVEMENT AND GROWTH AROUND THE DOWNTOWN AREA. THE BAGWELL TO CLARKSVILLE PROJECT IS A TRAIL PROJECT ADOPTED TO CONVERT LAND, PREVIOUSLY USED AS RAILROAD RIGHT-OF-WAY FROM BAGWELL TO CLARKSVILLE IN NE TEXAS, TO A SCENIC WALKING/BICYCLING TRAIL.
THE NORTHEAST TEXAS TRAIL PROGRAM IS COMMITTED TO TRANSFORM 130 MILES OF UNUSED, ABANDONED RAILWAY CORRIDOR INTO A MULTI-USE TRAIL. RAIL-TRAILS ARE EXTREMELY POPULAR AS RECREATION AND TRANSPORTATION CORRIDORS AND ARE HANDICAP ACCESSIBLE. DURING 2021, FUNDS WERE EXPENDED ON THE BAGWELL TO CLARKSVILLE SECTION OF THE TRAIL.
TRAIL DE PARIS IS A PROJECT ADOPTED TO CONVERT LAND PREVIOUSLY USED AS RAILROAD RIGHT-OF-WAY THROUGH PARIS, TX AND NORTHEAST TEXAS TO A SCENIC WALKING AND BICYCLING TRAIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Allen Director | Trustee | $0 | |
Richard Amis Interim Pres | OfficerTrustee | $0 | |
Pat Bassano Secretary | OfficerTrustee | $0 | |
Brandon Bell Director | Trustee | $0 | |
Don Biard Director | Trustee | $0 | |
Curtis Fendley Director | Trustee | $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 | $35,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,135 |
| Total Program Service Revenue | $0 |
| Investment income | $509 |
| 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 | $35,644 |
| 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 | $1,200 |
| 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 | $0 |
| Insurance | $4,425 |
| All other expenses | $435 |
| Total functional expenses | $41,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,645 |
| Savings and temporary cash investments | $112,646 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $116,291 |
| 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 | $31,937 |
| Net assets with donor restrictions | $84,354 |
| 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 | $116,291 |