21st Century Parks Inc
- Assets
- $96.6m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 53
- Location
- Louisville, KY
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1780317
Organization Overview
21st Century Parks Inc is located in Louisville, KY. The organization was established in 2005. 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 12/2021, 21st Century Parks Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 21st Century Parks 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, 21st Century Parks Inc generated $4.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $7.0m 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 CREATE AND PRESERVE PARKLANDS THAT REFLECT THE NEEDS AND VALUES OF OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION:21ST CENTURY PARKS, INC. DEVELOPS, FUNDS, AND OPERATES THE PARKLANDS OF FLOYDS FORK. THIS NEARLY 4,000 ACRE PUBLIC PARK IS COMPLETE, MAKING IT THE LARGEST NEW URBAN PARK SYSTEM BUILT IN THE NATION IN AT LEAST THE LAST TWENTY YEARS. EVEN MORE UNIQUE, THIS PARK, WHICH CHARGES NO ADMISSION FEE FOR ENTRY, IS OPERATED WITHOUT RECEIVING PUBLIC TAX DOLLARS FOR OPERATIONS. IN 2021, THE PARKLANDS HOSTED MORE THAN 3.7 MILLION VISITORS ACROSS THE REGION. THESE VISITORS SPENT THEIR LEISURE TIME HIKING AND BIKING THE 46 MILES OF MULTI-USE TRAILS, PADDLING 22 MILES OF FLOYD'S FORK, AND PLAYING GAMES ON 20 MULTI-USE SPORTS FIELDS. WORKING WITH ITS PARTNERS, 21ST CENTURY PARKS, INC. STOCKED MORE THAN 10,000 FISH IN PARKLANDS' LAKES AND STREAMS (CONTINUED ON SCHEDULE O) FOR THE ENJOYMENT OF THE ANGLING COMMUNITY, PROVIDED 81 PLOTS FOR COMMUNITY GARDENS, AND REGISTERED 483 DOG OWNERS AT THE BARKLANDS. LOUISVILLE INDIVIDUALS AND BUSINESSES CONTRIBUTED MORE THAN 800 VOLUNTEER HOURS IN THE PARKLANDS IN 2021.
CONSERVATION: 21ST CENTURY PARKS, INC. IS DEDICATED TO THE CONSERVATION AND ENRICHMENT OF THE LAND FOR WHICH IT IS RESPONSIBLE. THE ORGANIZATION EMPLOYS A FULL-TIME GARDENING AND NATURAL AREAS TEAM THAT WAS RESPONSIBLE FOR PLANTING 510 TREES AND SHRUBS, AND TREATING MORE THAN 50 ACRES TO REMOVE INVASIVE PLANT SPECIES IN 2021. WORKING WITH THE STATE OF KENTUCKY UNDER THE ENVIRONMENTAL QUALITY INCENTIVES PROGRAM, THE PARKLANDS PERFORMED ENVIRONMENTAL RESTORATION WORK OVER MORE THAN 50 ACRES THAT INCLUDED ESTABLISHMENT OF RIPARIAN CORRIDORS, BRUSH AND WEED MANAGEMENT. FURTHER, 21ST CENTURY PARKS, INC. IS RESPONSIBLE FOR THE MAINTENANCE OF A GROVE OF ENDANGERED AMERICAN CHESTNUT TREES. IN 2021, 21ST CENTURY PARKS, INC. PLANTED AN ADDITIONAL 48 TREES IN THIS GROVE AND THE SURROUNDING FOREST.
EDUCATION:21ST CENTURY PARKS, INC. PROVIDES DYNAMIC, LIFE-CHANGING EXPERIENCES FOR LOUISVILLE-AREA YOUTH THAT CONNECT THEM WITH THE OUTDOORS AND OUR NATURAL KENTUCKY LANDSCAPE. THESE EXPERIENCES ARE DESIGNED TO INCITE CURIOSITY ABOUT OUR NATURAL WORLD WHILE FOCUSING ON STEM EDUCATION CURRICULUM USING OUR OUTDOOR CLASSROOM. IN THE FIRST HALF OF 2021, THE PARKLANDS VIRTUAL CLASSROOM EXPERIENCED 12,699 VIEWS ON SOCIAL MEDIA AND OUR WEBSITE. IN THE SECOND HALF OF THE YEAR, WE WERE ABLE TO CONDUCT IN-PERSON FIELD TRIP PROGRAMMING FOR MORE THAN 5,000 AREA TITLE I STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Morgan President & Assistant Treasurer | Officer | 40 | $287,586 |
Sam Stewart Development Director | 40 | $139,935 | |
Mike Nielsen VP Finance & Operations | Officer | 40 | $133,356 |
Kevin T Beck Project Manager | 40 | $117,956 | |
Bryan K Johnson Director/"partial" Treasurer | OfficerTrustee | 1 | $0 |
Laura Forbes Secretary | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sterling Thompson Insurance Insurance | 12/30/21 | $252,626 |
Greenscapes Lawn & Landscaping Inc Landscaping | 12/30/21 | $203,999 |
Anthem Blue Cross And Blue Shield Insurance | 12/30/21 | $194,203 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $637,871 |
| Related organizations | $0 |
| Government grants | $440,314 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,417,742 |
| Noncash contributions included in lines 1a–1f | $36,840 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,495,927 |
| Total Program Service Revenue | $165,606 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $277,932 |
| Net Gain/Loss on Asset Sales | $5,132 |
| Net Income from Fundraising Events | -$26,725 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,921,884 |
| 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. | $444,755 |
| Compensation of current officers, directors, key employees. | $160,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,585,314 |
| Pension plan accruals and contributions | $43,698 |
| Other employee benefits | $139,573 |
| Payroll taxes | $146,279 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,974 |
| Fees for services: Accounting | $31,515 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $260,131 |
| Advertising and promotion | $100,194 |
| Office expenses | $53,801 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $196,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,602 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,262,305 |
| Insurance | $286,993 |
| All other expenses | $0 |
| Total functional expenses | $7,001,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,533,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,280,680 |
| 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 | $161,621 |
| Net Land, buildings, and equipment | $93,593,062 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,568,908 |
| Accounts payable and accrued expenses | $613,622 |
| Grants payable | $0 |
| Deferred revenue | $174,925 |
| 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 | $350,000 |
| Total liabilities | $1,138,547 |
| Net assets without donor restrictions | $94,024,461 |
| Net assets with donor restrictions | $1,405,900 |
| 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 | $96,568,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 21st Century Parks Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Paradis Foundation Inc Louisville, KY PURPOSE: SUPPORT GENERAL OPERATIONS OF ORGANIZATION | $5,000 |
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 |