Chastain Park Conservancy
- Assets
- $854.7k
- Revenue
- $739.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 01/2004
- Data as of
- 12/2022
- EIN
- 81-0631219
Organization Overview
Chastain Park Conservancy is located in Atlanta, GA. The organization was established in 2004. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Chastain Park Conservancy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chastain Park Conservancy 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 12/2022, Chastain Park Conservancy generated $739.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $631.6k during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 4 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE, ENHANCE, MAINTAIN AND PRESERVE CHASTAIN PARK'S 268 ACRES FOR THE ESTIMATED TWO MILLION VISITORS ANNUALLY.
Describe the Organization's Program Activity:
RESTORE: IN 2022, THE CONSERVANCY UNDERTOOK A TRANSFORMATIVE RESTORATION INITIATIVE IN THE NORTHWOODS SECTION OF THE PARK, SUCCESSFULLY REHABILITATING TWO HISTORIC PAVILION SITES. THESE NEW PAVILIONS, SPANNING APPROXIMATELY 3,000 SQUARE FEET, NOW STAND AS FREE GATHERING AREAS FOR THE COMMUNITY. ADDITIONALLY, OUR EFFORTS LED TO THE RESTORATION OF THE FOUR-WAY HISTORIC GRILL, PRESERVING THE PARK'S 1930S HERITAGE. ALREADY NUMEROUS COMMUNITY EVENTS ARE HELD IN THE NEWLY CREATED SPACES, FOSTERING A SENSE OF COMMUNITY AMONG ALL PARK VISITORS. THIS ACHIEVEMENT WOULDN'T HAVE BEEN POSSIBLE WITHOUT THE COLLABORATIVE EFFORTS OF THE LOOKING AHEAD, WE REMAIN COMMITTED TO THE ONGOING ENHANCEMENT OF THE PARK, WITH PLANS TO RESTORE THE NORTHWOOD TRAILS.
GENERAL OPERATIONS - THE CONSERVANCY WORKS TO KEEP THE PARK CLEAN, SAFE AND GREEN FOR ITS ESTIMATED TWO MILLION ANNUAL VISITORS. PROJECTS INCLUDE ONGOING PARK SECURITY AND LANDSCAPE AND FACILITIES MAINTENANCE.
ENHANCE: THE CONSERVANCY INITIATED A COMPREHENSIVE DEMOGRAPHIC STUDY AIMED AT GAINING INSIGHTS INTO CURRENT PARK USAGE AND IDENTIFYING EVOLVING COMMUNITY NEEDS. THIS STUDY, CONDUCTED IN THE FALL OF 2022, SERVES AS A CRUCIAL FOUNDATION FOR OUR STRATEGIC INITIATIVES. WE ALSO EMBARKED ON A FEASIBILITY STUDY TO ASSESS THE VIABILITY OF FUTURE CAPITAL PROJECTS. THIS FORWARD-LOOKING ENDEAVOR IS INTEGRAL TO OUR GOAL OF ENHANCING THE PARK'S INFRASTRUCTURE AND AMENITIES TO BETTER SERVE THE COMMUNITY. AS PART OF THIS INITIATIVE, WE LAUNCHED A COMPREHENSIVE PLAN UPDATE TO CHART THE COURSE FOR THE PARK'S NEXT 20 YEARS. THIS PLAN WILL BOTH SAFEGUARD THE PARK'S RICH HISTORY AND LAYS THE GROUNDWORK FOR ITS SUSTAINABLE AND VIBRANT FUTURE. BY PROACTIVELY ADDRESSING BOTH CURRENT AND FUTURE NEEDS, WE ARE DEDICATED TO ENSURING THE ENDURING LEGACY AND ACCESSIBILITY OF THE PARK.
MAINTAIN: IN 2022, THE CONSERVANCY MADE SIGNIFICANT STRIDES IN EXPANDING OUR COMMUNITY ENGAGEMENT THROUGH OUR VOLUNTEER PROGRAM. A TOTAL OF 658 DEDICATED VOLUNTEERS CONTRIBUTED OVER 2,000 HOURS OF THEIR TIME, WORKING TO ENHANCE THE PARK'S VITALITY AND BEAUTY. THEIR WORK INCLUDED REBUILDING STAIRS TO HAMBURGER POND, PAINTING AND REPAIRING PARK BENCHES AND PLANTING NATIVE FLOWERING SPECIES. IN ADDITION, COLLABORATING WITH TREES ATLANTA, WE UNDERTOOK A TREE-PLANTING INITIATIVE TO ENRICH THE PARK'S ECOSYSTEM. TOGETHER, WE PLANTED 59 NATIVE TREE SPECIES, FOSTERING BIODIVERSITY AND CONTRIBUTING TO THE LONG-TERM SUSTAINABILITY OF THE PARK. THIS EFFORT NOT ONLY ADDS VIBRANT COLORS AND NATURAL BEAUTY TO THE LANDSCAPE BUT ALSO ENHANCES THE PARK'S OVERALL SHADE COVERAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carson Matthews Chair | OfficerTrustee | 1 | $0 |
Cathy Raper Director | Trustee | 1 | $0 |
Earl Young Director | Trustee | 1 | $0 |
Fred Herbert Director | Trustee | 1 | $0 |
Jeff Kerker Director | Trustee | 1 | $0 |
Jennifer Richter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $81,262 |
| Related organizations | $0 |
| Government grants | $72,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $736,412 |
| Total Program Service Revenue | $0 |
| Investment income | $3,357 |
| 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 | $739,769 |
| 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. | $165,736 |
| Compensation of current officers, directors, key employees. | $66,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,617 |
| Pension plan accruals and contributions | $1,818 |
| Other employee benefits | $2,400 |
| Payroll taxes | $23,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,778 |
| Advertising and promotion | $10,365 |
| Office expenses | $7,395 |
| Information technology | $10,492 |
| 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 | $265 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,367 |
| Insurance | $15,553 |
| All other expenses | $0 |
| Total functional expenses | $631,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $651,520 |
| Savings and temporary cash investments | $123,073 |
| Pledges and grants receivable | $30,000 |
| Accounts receivable, net | $37,193 |
| 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 | $12,881 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $854,667 |
| Accounts payable and accrued expenses | $31,474 |
| Grants payable | $0 |
| Deferred revenue | $27,327 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $4,970 |
| 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 | $63,771 |
| Net assets without donor restrictions | $760,896 |
| Net assets with donor restrictions | $30,000 |
| 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 | $854,667 |