New Braunfels Parks Foundation
- Assets
- $1.1m
- Revenue
- $27.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New Braunfels, TX
- Founding
- 08/2006
- Data as of
- 12/2022
- EIN
- 20-5117776
Organization Overview
New Braunfels Parks Foundation is located in New Braunfels, TX. The organization was established in 2006. According to its NTEE Classification (N19) the organization is classified as: Support N.E.C., 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. New Braunfels Parks Foundation 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 12/2022, New Braunfels Parks Foundation generated $27.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (19.7%) each year. All expenses for the organization totaled $25.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE, PROTECT AND ENHANCE THE PARKS SYSTEM OF NEW BRAUNFELS, TX THROUGH EDUCATION, RESOURCE DEVELOPMENT AND COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENHANCEMENT OF THE NEW BRAUNFELS TX PARKS SYSTEM THROUGH EDUCATION, RESOURCE DEVELOPMENT AND COMMUNITY PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hubbard President | Officer | 20 | $0 |
Joyce Culbertson Vice President | Officer | 10 | $0 |
David Davenport Treasurer | Officer | 15 | $0 |
Cindy Wissmiller Secretary | Officer | 10 | $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 | $2,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,047 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,115 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,926 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Insurance | $1,683 |
| All other expenses | $0 |
| Total functional expenses | $25,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,421 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $870,000 |
| Investments—publicly traded securities | $67,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,087,701 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1 |
| Total liabilities | $1 |
| 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 | $1,087,700 |
| Total liabilities and net assets/fund balances | $1,087,701 |
Grants Awarded
Over the last fiscal year, New Braunfels Parks Foundation has awarded $405,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF NEW BRAUNFELS PARKS PURPOSE: LAND FOR PARK USELAND FOR PARK USELAND FOR PARK USE | $320,000 |
CITY OF NEW BRAUNFELS PARKS PURPOSE: FISCHER PARKFISCHER PARK | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Football Foundation And College Hall Of Fame Inc Irving, TX | $13,819,643 | $4,609,840 |
Tulsa Healthy Families Association Tulsa, OK | $18,227,063 | $206,573 |
Carlton Woods Properties Inc The Woodlands, TX | $24,510,499 | $405,700 |
Directed Initiatives For Youth Inc Slidell, LA | $0 | $411,400 |
Usa Club Rugby Association Dallas, TX | $517,214 | $719,306 |
Johnson County Heritage Foundation Cleburne, TX | $394,726 | $179,991 |
Austin Softball Umpires Association Inc Austin, TX | $3,342 | $0 |
Cedar Park High School Cheer Booster Club Cedar Park, TX | $52,186 | $0 |
College Baseball Foundation Lubbock, TX | $417,485 | $0 |
Ronnie Coker Wintheday Foundation Bossier City, LA | $12,641 | $0 |
Equipped Lowell, AR | $12,614 | $0 |
New Braunfels Parks Foundation New Braunfels, TX | $1,087,701 | $27,162 |
24 7 Foundation Flower Mound, TX | $627 | $0 |
Camp Dakani Foundation Oklahoma City, OK | $260,745 | $0 |
Robson Ranch Denton Bocce Club Argyle, TX | $55,743 | $0 |
Walker Belden Foundation Boerne, TX | $22,838 | $0 |
Lacombe Recreation Boosters Lacombe, LA | $0 | $0 |
Oci Foundation Plano, TX | $1,605 | $0 |