Midland Downtown Park Conservancy
- Assets
- $2.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- Data as of
- 09/2021
- EIN
- 83-4003597
Organization Overview
Midland Downtown Park Conservancy is located in Midland, TX. According to its NTEE Classification (N20) the organization is classified as: Camps, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Downtown 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 09/2021, Midland Downtown Park Conservancy generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (60.8%) per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A PREMIER GREEN SPACE AND GATHERING PLACE IN DOWNTOWN MIDLAND, ENRICH THE QUALITY OF PLACE FOR OUR RESIDENTS AND VISITORS, AND ACT AS A CATALYST FOR SOCIAL AND ECONOMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MIDLAND DOWNTOWN PARK CONSERVANCY PRIVATELY OPERATES, MANAGES, AND PROGRAMS CENTENNIAL PARK IN DOWNTOWN MIDLAND, TEXAS. CENTENNIAL PARK WAS DEVELOPED AS A HIGH QUALITY URBAN PARK AND OPEN SPACE, WITH RELATED FACILITIES AND AMENITIES FOR THE USE AND ENJOYMENT OF RESIDENTS AND VISITORS OF MIDLAND FOR RECREATIONAL AND EDUCATIONAL PURPOSES, AND FOR THE BEAUTIFICATION OF AND TO ATTRACT BUSINESS AND BUSINESS PATRONS TO DOWNTOWN MIDLAND.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Kidwell President | OfficerTrustee | 10 | $0 |
Grant Billingsley Vice President | OfficerTrustee | 5 | $0 |
Laura Roman Treasurer | OfficerTrustee | 3 | $0 |
Jonny Heins Secretary | Officer | 3 | $0 |
Barry Beal Jr Director | Trustee | 2 | $0 |
David Byrd Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lee Lewis Construction Inc Construction | 9/29/21 | $12,007,482 |
Rhotenberry Wellen Architects Inc Architectural | 9/29/21 | $314,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,200 |
| Government grants | $1,194,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $777,845 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,977,221 |
| Total Program Service Revenue | $0 |
| Investment income | $2,135 |
| 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 | $1,983,650 |
| 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 | $245,757 |
| Pension plan accruals and contributions | $12,739 |
| Other employee benefits | $8,567 |
| Payroll taxes | $21,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $498 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $285,205 |
| Advertising and promotion | $119,790 |
| Office expenses | $9,741 |
| Information technology | $5,140 |
| Royalties | $0 |
| Occupancy | $30,724 |
| Travel | $1,979 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,121 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $86,989 |
| All other expenses | $14,910 |
| Total functional expenses | $2,106,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,773 |
| Savings and temporary cash investments | $2,205,395 |
| 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 | $0 |
| Total assets | $2,350,168 |
| 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 | $8,870 |
| Total liabilities | $8,870 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,341,298 |
| 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 | $2,350,168 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Midland Downtown Park Conservancy has recieved totaling $2,595,923.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $1,995,923 |
Fmh Foundation Midland, TX PURPOSE: CENTENNIAL PARK | $500,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: CULTURE | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Club At Las Campanas Inc Santa Fe, NM | $45,559,290 | $18,753,847 |
Sky Ranches Inc Van, TX | $16,138,539 | $13,355,170 |
Christian Acres Youth Center Inc Tallulah, LA | $3,916,509 | $7,265,010 |
The Eagle Sky Foundation Edmond, OK | $61,888,849 | -$3,500,043 |
Southwestern Diabetic Foundation Inc Gainesville, TX | $9,078,187 | $6,554,949 |
Camp Eagle Rocksprings, TX | $16,359,315 | $5,070,403 |
Camp Young Judaea Inc Bellaire, TX | $11,648,266 | $4,375,769 |
Forest Glen Inc Huntsville, TX | $6,729,234 | $4,164,470 |
The Topfer Family Foundation Austin, TX | $28,882,108 | $3,022,321 |
Pantego Camp Thurman Inc Arlington, TX | $4,375,247 | $3,006,008 |
The Pines Education Group Addison, TX | $5,580,812 | $3,201,398 |
Midland Downtown Park Conservancy Midland, TX | $2,350,168 | $1,983,650 |