Bonnet Springs Park Inc
- Assets
- $146.7m
- Revenue
- $52.4m
- Investments
- $0.0
- Employees
- 120
- Location
- Lakeland, FL
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-1106879
Organization Overview
Bonnet Springs Park Inc is located in Lakeland, FL. The organization was established in 2016. 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 12/2022, Bonnet Springs Park Inc employed 120 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bonnet Springs Park 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 12/2022, Bonnet Springs Park Inc generated $52.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $8.8m during the year ending 12/2022. 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
TO ENRICH OUR COMMUNITY THROUGH NATURE, CULTURE, RECREATION, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BONNET SPRINGS PARK SERVES TO UNIFY THE CITY'S DIVERSE POPULATION, OFFERING PUBLIC SPACES THAT SERVE THE NEEDS OF MANY BY PROVIDING ENGAGING AND DIVERSE OPPORTUNITIES IN EDUCATION AND RECREATION TO RESIDENTS AND VISITORS. THE PARK IS WITHIN WALKING DISTANCE TO OUR CITY'S URBAN CORE WHERE ART, RECREATION, FUN, AND TRANQUILITY INTERSECT BY DESIGN. THIS BLENDED URBAN/NATURAL PARK WILL PROVIDE SPACES TO ESCAPE, ENGAGE, AND EXPLORE WITH ONE ANOTHER AND WITH NATURE WHILE EXPERIENCING AND LEARNING ABOUT THE BEAUTIFUL HISTORY OF CENTRAL FLORIDA.PARK MAINTENANCE AND OPERATIONS - THE UPKEEP AND MAINTENANCE OF BONNET SPRINGS PARK GROUNDS, FACILITIES, EQUIPMENT AND STRUCTURES. COMMUNITY OUTREACH AND EDUCATION - TO PROVIDE AWARENESS TO THE PARK THROUGH FREE EDUCATIONAL AND CULTURAL PROGRAMMING FOR VISITORS.
PARK FOOD & BEVERAGE SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Harrell Jr Chairman | OfficerTrustee | 10 | $0 |
Hoyt R Barney Barnett Vice Chairman | OfficerTrustee | 10 | $0 |
Harold W Tinsley President | OfficerTrustee | 5 | $0 |
William Vass Treasurer | OfficerTrustee | 10 | $0 |
Jean Bunch Secretary | OfficerTrustee | 5 | $0 |
David Bunch Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Christian Lee Designs Llc Interior Design Services | 12/30/22 | $249,405 |
Creative Artists Agency Llc Performers | 12/30/22 | $151,600 |
The Yarde Llc Construction Management | 12/30/22 | $145,000 |
Transol Pro Llc Transportation Services | 12/30/22 | $139,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $23,699 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $45,165,456 |
| Noncash contributions included in lines 1a–1f | $90,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,193,155 |
| Total Program Service Revenue | $0 |
| Investment income | $26,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $109,251 |
| Net Gain/Loss on Asset Sales | $5,626,389 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $386,135 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,422,835 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $359,511 |
| Compensation of current officers, directors, key employees. | $218,831 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,867,332 |
| Pension plan accruals and contributions | $30,570 |
| Other employee benefits | $43,902 |
| Payroll taxes | $147,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $99,884 |
| Fees for services: Accounting | $35,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,186 |
| Fees for services: Other | $852,963 |
| Advertising and promotion | $309,666 |
| Office expenses | $89,978 |
| Information technology | $84,959 |
| Royalties | $0 |
| Occupancy | $571,810 |
| Travel | $13,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,053 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $815,766 |
| Insurance | $291,055 |
| All other expenses | $212,040 |
| Total functional expenses | $8,841,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,229,448 |
| Savings and temporary cash investments | $3,401,622 |
| Pledges and grants receivable | $18,512,659 |
| 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 | $86,658 |
| Prepaid expenses and deferred charges | $337,358 |
| Net Land, buildings, and equipment | $114,002,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,943,935 |
| Intangible assets | $221,806 |
| Other assets | $0 |
| Total assets | $146,735,492 |
| Accounts payable and accrued expenses | $4,265,624 |
| Grants payable | $0 |
| Deferred revenue | $93,776 |
| 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 | $33,201 |
| Total liabilities | $4,392,601 |
| Net assets without donor restrictions | $123,617,592 |
| Net assets with donor restrictions | $18,725,299 |
| 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 | $146,735,492 |