Town Branch Park Inc

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 12/2023, Town Branch Park Inc generated $14.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 27.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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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Board, Officers & Key Employees

Name (title)Compensation
Ann Bakhaus
Chair
$0
Kip Cornett
Director
$0
Dr Mary Lynne Capilouto
Director
$0
Clay Angelucci
Director
$0
Jimmy Bell
Director
$0
Ron L Brown
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sasaki Associates Inc
Engineering/design Services
$1,035,058
Dean Builds
Construction Contractor
$1,214,640
Plc Management Llc
Construction Management
$127,868
Michael L Ades
Legal Counsel
$106,000
Shaffar Consulting Llc
Consulting
$115,368
View All Vendors

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$14,164,659
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$14,164,659
Total Program Service Revenue$0
Investment income $110,674
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,908
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $14,277,241

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