Woodall Rodgers Park Foundation
- Assets
- $82.6m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Dallas, TX
- Founding
- 01/2006
- Data as of
- 12/2023
- EIN
- 87-0741150
Organization Overview
Woodall Rodgers Park Foundation, operating under the name Klyde Warren Park, is located in Dallas, TX. The organization was established in 2006. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Klyde Warren Park employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klyde Warren Park 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, Klyde Warren Park generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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
THE MISSION OF THE PARK IS TO PROVIDE FREE PROGRAMMING AND EDUCATIONAL OPPORTUNITIES FOR THE ENRICHMENT OF VISITORS' LIVES TO SHOWCASE THE MULTITUDE OF CULTURES AND TALENTS DALLAS HAS TO OFFER, AND TO BE A TOWN SQUARE WHERE CITIZENS MAY CONGREGATE AND CREATE TRADITIONS TOGETHER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KLYDE WARREN PARK OFFERS THE OVER 1.3 MILLION VISITORS ANNUALLY WITH 1,300 FREE PROGRAMS AND EVENTS. THESE EVENTS INCLUDE FITNESS CLASSES, LIVE MUSIC, CHILDREN'S ACTIVITIES, MOVIE NIGHTS AND HOLIDAY CELEBRATIONS. IN ADDITION, THE PARK PROVIDES TABLE TENNIS, FOOSBALL, BADMINTON, AND A DOG PARK. THE PARK HAS BECOME AN OASIS IN THE HEART OF DALLAS, PROVIDING CONNECTIVITY BETWEEN DOWNTOWN AND UPTOWN COMMUNITIES. THE UNIQUENESS OF ITS LANDSCAPE MAKES IT A PERFECT VENUE FOR PUBLIC AND PRIVATE EVENTS. THE PARK HAS HAD TREMENDOUS ECONOMIC IMPACT ON THE AREA, SPECIFICALLY THE MANY RESIDENTIAL AND OFFICE BUILDINGS SURROUNDING IT. THE FOUNDATION HAS SUBSTANTIALLY BEGUN DESIGN DEVELOPMENT OF PHASE II OF KLYDE WARREN PARK, WHICH IS INTENDED TO PROVIDE ADDITIONAL OPEN SPACE, EVENT SPACE AND RETAIL ON TWO SEPARATE DECK STRUCTURES OVER WOODALL RODGERS FREEWAY. THE PROJECT IS A COLLABORATION BETWEEN THE FOUNDATION AND VARIOUS GOVERNMENTAL ORGANIZATIONS INCLUDING THE CITY AND THE TEXAS DEPARTMENT OF TRANSPORTATION. THE FOUNDATION IS LEADING THE CAPITAL CAMPAIGN AND THE DESIGN DEVELOPMENT OF PHASE II. ADDITIONALLY, IN 2022, THE FOUNDATION COMPLETED ITS RENOVATION OF THE CHILDREN'S PARK, AND A COMPLETELY REIMAGINED EAST SIDE INCLUDING AN ICONIC WATER FOUNTAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Capital Campaign | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccarthy Building Co Inc Construction | 12/30/23 | $1,006,720 |
Act Event Services Maintenance | 12/30/23 | $390,682 |
Platinum Event Services Security | 12/30/23 | $369,806 |
Jacobs Engineering Engineering | 12/30/23 | $341,040 |
Texas Capital Bank Banking Services | 12/30/23 | $319,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $700,033 |
| Fundraising events | $745,214 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,535,515 |
| Noncash contributions included in lines 1a–1f | $54,471 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,015,762 |
| Total Program Service Revenue | $3,039,028 |
| Investment income | $294,060 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,471 |
| Net Income from Fundraising Events | -$173,181 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,179,627 |
| 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. | $1,110,928 |
| Compensation of current officers, directors, key employees. | $355,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,138,648 |
| Pension plan accruals and contributions | $57,793 |
| Other employee benefits | $144,984 |
| Payroll taxes | $130,345 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,632 |
| Fees for services: Accounting | $114,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,310 |
| Fees for services: Other | $430,770 |
| Advertising and promotion | $287,328 |
| Office expenses | $337,108 |
| Information technology | $157,443 |
| Royalties | $0 |
| Occupancy | $238,403 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,164 |
| Interest | $271,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $764,121 |
| Insurance | $216,567 |
| All other expenses | $0 |
| Total functional expenses | $6,935,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,371 |
| Savings and temporary cash investments | $226,322 |
| Pledges and grants receivable | $4,770,638 |
| Accounts receivable, net | $2,019,491 |
| 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 | $39,191 |
| Net Land, buildings, and equipment | $291,709 |
| Investments—publicly traded securities | $13,432,541 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,830,162 |
| Other assets | $772,633 |
| Total assets | $82,617,058 |
| Accounts payable and accrued expenses | $481,303 |
| Grants payable | $0 |
| Deferred revenue | $1,772,387 |
| 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 | $3,328,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $823,007 |
| Total liabilities | $6,405,497 |
| Net assets without donor restrictions | $71,011,102 |
| Net assets with donor restrictions | $5,200,459 |
| 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 | $82,617,058 |