Town Branch Park Inc
- Assets
- $12.6m
- Revenue
- $3.5m
- Investments
- $261.7k
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-4621324
Organization Overview
Town Branch Park Inc is located in Lexington, KY. The organization was established in 2019. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, 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. Town Branch 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 12/2021, Town Branch Park Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $654.2k during the year ending 12/2021. 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 BRING THE UNPARALLELED BEAUTY OF OUR COUNTRYSIDE TO OUR CITY AND ELEVATE THE QUALITY OF LIFE OF OUR CITIZENS THROUGH EXCEPTIONAL DESIGN AND THOUGHTFUL PARK PROGRAMMING AS DISTINCTIVE AS LEXINGTON
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS TRANSFORMING A NINE (9) ACRE ASPHALT PARKING LOT INTO A HIGH QUALITY URBAN PARK AND OPEN SPACE, WITH RELATED FACILITIES AND AMENITIES, FOR USE AND ENJOYMENT BY THE RESIDENTS AND VISITORS OF LEXINGTON FOR RECREATIONAL AND EDUCATIONAL PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Lankford Executive Director | Officer | 40 | $209,963 |
Ann Bakhaus Chair | Trustee | 1 | $0 |
Kip Cornett Vice-Chair | Trustee | 1 | $0 |
Clay Angelucci Director | Trustee | 1 | $0 |
Dr Mary Lynne Capilouto Secretary/treasurer | Trustee | 1 | $0 |
Ron L Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,434,676 |
| Noncash contributions included in lines 1a–1f | $150,174 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,479,676 |
| Total Program Service Revenue | $0 |
| Investment income | $642 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,191 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,481,509 |
| 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. | $209,963 |
| Compensation of current officers, directors, key employees. | $51,373 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,775 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,276 |
| Advertising and promotion | $22,542 |
| Office expenses | $2,488 |
| Information technology | $2,846 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $101 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,608 |
| All other expenses | $15 |
| Total functional expenses | $654,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,791,438 |
| Pledges and grants receivable | $3,442,833 |
| 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 | $42,338 |
| Net Land, buildings, and equipment | $1,029,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $261,672 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,567,419 |
| Accounts payable and accrued expenses | $158,441 |
| Grants payable | $0 |
| Deferred revenue | $3,231,500 |
| 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 | $3,389,941 |
| Net assets without donor restrictions | $9,177,478 |
| 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 | $12,567,419 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Town Branch Park Inc has recieved totaling $220,000.
| Awarding Organization | Amount |
|---|---|
W T Young Family Foundation Inc Lexington, KY PURPOSE: SUBSIDY | $180,000 |
Don Jacobs Sr Charitable Foundation Inc Lexington, KY PURPOSE: SUBSIDY | $20,000 |
Organization Name not Listed PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION IN CREATING A PUBLIC SPACE IN DOWNTOWN LEXINGTON, KENTUCKY | | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Colorado Park 277 Corporation Chicago, IL | $265,380,571 | $11,072,050 |
Lake Park Associates Inc Chicago, IL | $84,892,237 | $7,736,352 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Champaign Parks Foundation Champaign, IL | $976,964 | $284,130 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Grindstone Butte Mutual Canal Company Champaign, IL | $200 | $2,974,907 |
Illinois Association Of Park Districts Springfield, IL | $10,419,752 | $4,309,641 |