Friends Of@indian Lake Peninsula
- Assets
- $1.1m
- Revenue
- $43.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, TN
- Founding
- 09/2018
- Data as of
- 12/2022
- EIN
- 82-4307209
Organization Overview
Friends Of@indian Lake Peninsula is located in Hendersonville, TN. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of@indian Lake Peninsula 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, Friends Of@indian Lake Peninsula generated $43.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $7.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (38.4%) per year over the past 4 years. 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
FRIENDS OF INDIAN LAKE PENINSULA IS DEDICATED TO THE PRESERVATION, PROTECTION, AND STEWARDSHIP OF GREEN SPACE FOR ITS USE AS PASSIVE PARKS IN THE CITY OF HENDERSONVILLE, TN. IT WORKS TO PROTECT THE NATURAL AND HISTORICAL INTEGRITY OF THE AREA BY SUPPORTING PUBLIC ACCESS, MAINTAINING AND ENHANCING ITS FEATURES AND EXPANDIONG ITS LEGACY FOR FUTURE GENERATIONS. WE HAVE ACCOMPLISHED THE FIRST GOAL OF OUR MISSION, WHICH IS TO BUY HALF OF THE 73 ACRES AND CONVINCE THE CITY TO PURCHASE THE OTHER HALF FOR THE DEVELOPMENT OF A PASSIVE PARK. THE PURPOSE OF OUR ORGANIZATION AT THIS POINT IS TO PROVIDE FUNDING THROUGH GRANTS AND DONATIONS FOR IMPROVEMENTS TO THE LAND THAT WILL ALLOW THE COMMUNITY TO SAFELY ACCESS ALL 73 ACRES TO PROVIDE EDUCATIONAL AND HEALTHY LIFESTYLE OPPORTUNITIES FOR YOUNG AND OLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. FRIDAY, OCTOBER 21 2022: OUR ANNUAL CLEAN UP THE "HILL" DAY WAS HELD FROM 9AM -NOON. VOLUNTEERS CONSISTED OF SIX OF OUR BOARD DIRECTORS AND ANOTHER 23 HCA EMPLOYEES DONATING THEIR TIME TO PICK UP THE TRASH & OTHER DEBRIS ON FOFILP'S HIKING TRAILS. LATER THAT DAY FOUR CYCLISTS CLEARED/ CLEANED UP THE MOUNTAIN BIKE TRAILS. B. SOME NEW MOUNTAIN BIKE TRAILS WERE BUILT AS WELL BY LOCAL CYCLISTS WHO RIDE THE BIKE TRAILS. THIS GROUP WAS MADE UP OF EIGHT AVID CYCLISTS. C. A CYCLOCROSS MOUNTAIN BIKE RACE SCHEDULED ON THE "HILL" ON SATURDAY AFTERNOON, OCTOBER 29TH WAS ENJOYED BY THE SPECTATORS AT THIS EVENT. HOWEVER, THE 5TH ANNUAL "HIKING THE HILL" EVENT SCHEDULED FOR SATURDAY, OCTOBER 29TH HAD TO BE CANCELLED DUE TO THE BAD WEATHER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jmmy Batten Director | Trustee | 2 | $0 |
Jeff Cundiff Chairman | Trustee | 3 | $0 |
Jeremy Krejci Communicatio | Trustee | 4 | $0 |
Kelsey Mcmanus Secretary | OfficerTrustee | 2 | $0 |
Betsy Mcmullen Director | Trustee | 2 | $0 |
Kim Peel Treasurer | OfficerTrustee | 12 | $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 | $42,664 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,664 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $43,644 |
| 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 | $810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30 |
| Advertising and promotion | $86 |
| Office expenses | $245 |
| 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 | $4,821 |
| All other expenses | $0 |
| Total functional expenses | $7,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,808 |
| Savings and temporary cash investments | $0 |
| 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 | $1,650 |
| Net Land, buildings, and equipment | $1,003,523 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,088,981 |
| 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 | $1,088,981 |
| Net assets with donor restrictions | $0 |
| 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 | $1,088,981 |