Cooper Park Development Company
- Assets
- $4.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, OH
- Founding
- Data as of
- 12/2023
- EIN
- 85-3420407
Organization Overview
Cooper Park Development Company is located in Mount Vernon, OH. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooper Park Development Company 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, Cooper Park Development Company generated $2.1m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 28.1% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A. COOPER PARK DEVELOPMENT COMPANY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, SCIENTIFIC, AND EDUCATIONAL PURPOSES SET FORTH IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. B. MORE SPECIFICALLY, THE COMPANY IS A "SUPPORTING ORGANIZATION" AS SAID TERM IS DEFINED IN SECTION 509(A)(3) OF THE CODE. THE SUPPORTED ORGANIZATION IS THE KNOX COUNTY LAND REUTILIZATION COMPANY, A NON-PROFIT COMPANY EXEMPT FROM TAXATION UNDER SECTION 501(C)(3) OF THE CODE AND NOT A PRIVATE FOUNDATION PURSUANT TO SECTION 509(A)(1) OF THE CODE. THE COMPANY SHALL BE ORGANIZED AND OPERATED TO CONDUCT AND SUPPORT THE SUPPORTED ORGANIZATION'S EXEMPT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CPDC IS A SPONSORING ORGANIZATION AS DEFINED IN SECTION 509(A)(1) OF THE CODE AND WILL ENGAGE IN FUNDRAISING ACTIVITIES FOR THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC., TO ENABLE THE KNOX COUNTY LAND REUTILIZATION CORPORATION, INC. TO CARRY OUT THEIR STATED INTENTIONS FOR PROVIDING THE RECLAMATION, REHABILITATION, AND REUTILIZATION OF VACANT. ABANDONED, TAX-FORECLOSED, OR OTHER REAL PROPERTY WITHIN KNOX COUNTY; EFFICIENTLY MANAGING THE SAME; ASSISTING GOVERNMENTAL AND OTHER ENTITIES IN OBTAINING CLEAR TITLE TO PROPERTIES IN KNOX COUNTY, OHIO; AND PROMOTING ECONOMIC AND HOUSING DEVELOPMENT IN KNOX COUNTY, OHIO AND THE SURROUNDING REGION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Bemiller Chairperson | OfficerTrustee | 1 | $0 |
Keith Burley Director | Trustee | 1 | $0 |
Steve Dessert Director | Trustee | 1 | $0 |
Jeffrey Gottke President, Secretary | OfficerTrustee | 1 | $0 |
Gordy Yance Treasurer | OfficerTrustee | 1 | $0 |
Michael Percy Director | Trustee | 1 | $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 | $87,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,565 |
| Total Program Service Revenue | $0 |
| Investment income | $36,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,000 |
| 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 | $1,980,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,123,401 |
| 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 | $220,214 |
| Fees for services: Legal | $66,193 |
| Fees for services: Accounting | $12,028 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $293,154 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $3,510 |
| Insurance | $30,834 |
| All other expenses | $0 |
| Total functional expenses | $1,500,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,361 |
| 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 | $567,946 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,054 |
| Net Land, buildings, and equipment | $30,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,214,214 |
| Total assets | $4,868,581 |
| Accounts payable and accrued expenses | $728,889 |
| Grants payable | $0 |
| Deferred revenue | $567,946 |
| 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 | $250,000 |
| Other liabilities | $3,484,212 |
| Total liabilities | $5,031,047 |
| Net assets without donor restrictions | $0 |
| 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 | -$162,466 |
| Total liabilities and net assets/fund balances | $4,868,581 |