River Parks Authority
- Assets
- $339.3m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 18
- Location
- Tulsa, OK
- Founding
- 08/1974
- Data as of
- 06/2021
- EIN
- 23-7389201
Organization Overview
River Parks Authority is located in Tulsa, OK. The organization was established in 1974. According to its NTEE Classification (N02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, River Parks Authority employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Parks Authority 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 06/2021, River Parks Authority generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2021. 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 DEVELOP, PRESERVE AND MAINTAIN PUBLIC PARK LANDS AND FACILITIES ALONG THE ARKANSAS RIVER IN TULSA COUNTY THAT IS KNOWN AS RIVER PARKS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, PRESERVATION AND MAINTENANCE OF RIVER PARKS PUBLIC LANDS AND FACILITIES.
DEVELOPMENT, PRESERVATION AND MAINTENANCE OF RIVER PARKS PUBLIC LANDS AND FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Meyer Executive Direc | Officer | 50 | $88,803 |
Marvin Jones Chairman | OfficerTrustee | 2 | $0 |
Stephen Fater Treasurer | OfficerTrustee | 2 | $0 |
Derek Martin Vice Chairman | OfficerTrustee | 2 | $0 |
Torre Waldo Trustee | Trustee | 1 | $0 |
Sharon King Davis Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cherokee Pride Construction Flood Construction | 6/29/21 | $348,118 |
Grassolutions Llc Flood Construction | 6/29/21 | $246,451 |
Outside Inc Flood Construction | 6/29/21 | $112,924 |
Executive Lawn Care Contract Mowing | 6/29/21 | $122,416 |
Center For Employment Opportunities Contract Labor | 6/29/21 | $122,857 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $556,158 |
| Government grants | $2,547,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,861,432 |
| Noncash contributions included in lines 1a–1f | $130,045 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,965,422 |
| Total Program Service Revenue | $29,181 |
| Investment income | $16,448 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$266,679 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,997,715 |
| 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. | $90,013 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $606,795 |
| Pension plan accruals and contributions | $105,691 |
| Other employee benefits | $19,535 |
| Payroll taxes | $51,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,170 |
| Fees for services: Accounting | $60,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,224 |
| Advertising and promotion | $20,293 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $343,785 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,546,097 |
| Insurance | $16,651 |
| All other expenses | $55,943 |
| Total functional expenses | $8,676,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,186,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $549,256 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $331,379,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,676 |
| Total assets | $339,288,748 |
| Accounts payable and accrued expenses | $676,723 |
| Grants payable | $0 |
| Deferred revenue | $208,495 |
| 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 | $1,404,474 |
| Total liabilities | $2,289,692 |
| 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 | $336,999,056 |
| Total liabilities and net assets/fund balances | $339,288,748 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that River Parks Authority has recieved totaling $115,333.
| Awarding Organization | Amount |
|---|---|
Coretz Family Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $83,333 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $25,000 |
Harlan & Virginia Krumme Chartiable Trust Sand Springs, OK PURPOSE: GENERAL OPERATING FUND | $5,000 |
Rgf Family Fund Tulsa, OK PURPOSE: EDUCATIONAL, CHARITABLE, SCIENTIFIC | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fairfield Glade Community Club Fairfield Glade, TN | $59,504,971 | $24,464,764 |
Houston Livestock Show And Rodeo Educational Fund Houston, TX | $117,451,664 | $14,021,217 |
Houston Country Club Houston, TX | $109,550,970 | $26,529,286 |
United States Bowling Congress Inc Arlington, TX | $43,212,080 | $16,821,741 |
United States Figure Skating Association Colorado Springs, CO | $17,642,833 | $19,148,082 |
Royal Oaks Country Club Inc Dallas, TX | $36,812,671 | $18,720,235 |
Western Golf Association Glenview, IL | $11,404,797 | $19,646,849 |
National Strength And Conditioning Association Colorado Springs, CO | $12,602,361 | $15,722,009 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Northwood Club Dallas, TX | $57,507,067 | $19,852,706 |
Usa Hockey Foundation Colorado Springs, CO | $49,949,218 | $18,128,256 |