Scissortail Park Foundation Inc
- Assets
- $4.8m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 134
- Location
- Oklahoma City, OK
- Founding
- 05/2018
- Data as of
- 06/2022
- EIN
- 81-1857531
Organization Overview
Scissortail Park Foundation Inc, operating under the name Scissortail Park, is located in Oklahoma City, OK. The organization was established in 2018. As of 06/2022, Scissortail Park employed 134 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scissortail Park 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 06/2022, Scissortail Park generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $5.6m during the year ending 06/2022. 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
THE FOUNDATION IS ORGANIZED FOR THE SUPPORT AND BENEFIT OF SCISSORTAIL PARK, WITH A MISSION TO OFFER A BEAUTIFUL. WELL-MAINTAINED FACILITY FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UPPER PARK'S 35-ACRES OFFERS WALKING PATHS, GARDENS, SEASONAL PLANT DISPLAYS AND AN EXTENSIVE TREE COLLECTION. FACILITIES INCLUDE: CHILDREN'S PLAYGROUND, INTERACTIVE FOUNTAINS, SEASONAL ROLLER RINK, LAKE WITH BOAT RENTALS AND A VARIETY OF EXERCISE PROGRAMS AND OTHER RECREATIONAL AND CULTURAL PROGRAMS, PICNIC PAVILIONS, DOG PARK AND PERFORMANCE STAGE. THE PARK OFFERS FREE EDUCATION/CULTURAL/RECREATIONAL PROGRAMMING DESIGNED TO ATTRACT DIVERSE AUDIENCES. EVENTS INCLUDE A WEEKLY FARMER'S MARKET WITH OVER 50 SMALL FARMS AND ARTISANAL PRODUCERS AT THE MARKET THAT RUNS APRIL THROUGH OCTOBER. A SPRING THROUGH FALL CONCERT SCHEDULE INCLUDES A DIVERSE LINEUP OF QUALITY CONCERTS THAT INCLUDE CLASSICAL TO COUNTRY. THE STAGE IS ALSO USED FOR DANCE PERFORMANCES INCLUDING THE OKC BALLET AND ETHNIC DANCE EVENTS. SEASONAL FESTIVALS INCLUDE: A SPRING KITE FESTIVAL, FALL HALLOWEEN PARTIES AND HOLIDAY LIGHTING AND CONCERTS. THE PARK ALSO COLLABORATES WITH DOZENS OF COMMUNITY NONPROFIT GROUPS TO OFFER FREE EVENTS INCLUDING A MENORAH LIGHT FESTIVAL, PRIDE FESTIVAL, NATIVE AMERICAN POW WOWS, COLOR OF ART, CINCO DE MAYO, THE OKC MEMORIAL MARATHON AND DIOS DE LOS MUERTOS FESTIVAL. WE ESTIMATE THE PARK HAS OVER 500,000 VISTORS IN THIS FISCAL YEAR. THROUGHOUT THIS PAST FISCAL YEAR, THE PARK HAS BEEN MAKING PLANS TO TAKE ON THE MANAGEMENT OF THE PARK'S ADDITIONAL 34-ACRE LOWER PARK WHICH IS DUE TO OPEN IN THE FALL OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Heffernan President An | Officer | 30 | $0 |
Chuck Davis CFO | Officer | 30 | $0 |
Debora Morey Deputy Dir/s | OfficerTrustee | 16 | $0 |
James R Tolbert III Chairman | OfficerTrustee | 10 | $0 |
Larry Nichols Vice Chairma | OfficerTrustee | 5 | $0 |
Lindsey Brock Treasurer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,431 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,039,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $403,662 |
| Noncash contributions included in lines 1a–1f | $62,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,488,540 |
| Total Program Service Revenue | $688,649 |
| Investment income | $2,297 |
| 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 | $39,985 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,255,866 |
| 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 | $2,165,979 |
| Pension plan accruals and contributions | $22,292 |
| Other employee benefits | $237,108 |
| Payroll taxes | $174,643 |
| Fees for services: Management | $722,514 |
| Fees for services: Legal | $2,525 |
| Fees for services: Accounting | $21,511 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,424 |
| Advertising and promotion | $177,229 |
| Office expenses | $173,022 |
| Information technology | $65,699 |
| Royalties | $0 |
| Occupancy | $133,133 |
| Travel | $24,487 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,589 |
| Insurance | $114,987 |
| All other expenses | $96,121 |
| Total functional expenses | $5,572,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,964 |
| Savings and temporary cash investments | $3,639,334 |
| Pledges and grants receivable | $354,542 |
| Accounts receivable, net | $378,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,179 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $17,945 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $321,541 |
| Total assets | $4,809,604 |
| Accounts payable and accrued expenses | $283,626 |
| Grants payable | $0 |
| Deferred revenue | $145,773 |
| 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 | $429,399 |
| Net assets without donor restrictions | $3,406,870 |
| Net assets with donor restrictions | $973,335 |
| 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 | $4,809,604 |