River Parks Authority
- Assets
- $360.5m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 19
- Location
- Tulsa, OK
- Founding
- 08/1974
- Data as of
- 06/2022
- 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 06/2022, River Parks Authority employed 19 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 06/2022, River Parks Authority generated $26.4m 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 (13.0%) each year. All expenses for the organization totaled $8.7m during the year ending 06/2022. 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
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 |
|---|---|---|---|
Marvin Jones Chairman | OfficerTrustee | 2 | $0 |
Derek Martin Vice Chairman | OfficerTrustee | 2 | $0 |
Stephen Fater Treasurer | OfficerTrustee | 2 | $0 |
Sharon King Davis Trustee | Trustee | 1 | $0 |
Elizabeth Hall Trustee | Trustee | 1 | $0 |
Ken Levit Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grassolutions Llc Flood Construction | 6/29/21 | $246,451 |
Cherokee Pride Construction Flood Construction | 6/29/21 | $348,118 |
Center For Employment Opportunities Contract Labor | 6/29/21 | $122,857 |
Executive Lawn Care Contract Mowing | 6/29/21 | $122,416 |
Outside Inc Flood Construction | 6/29/21 | $112,924 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,196,447 |
| Government grants | $19,551,107 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,600,000 |
| Noncash contributions included in lines 1a–1f | $118,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,347,554 |
| Total Program Service Revenue | $26,568 |
| Investment income | $17,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,390,744 |
| 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. | $100,351 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $756,583 |
| Pension plan accruals and contributions | $113,826 |
| Other employee benefits | $146,802 |
| Payroll taxes | $56,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,231 |
| Fees for services: Accounting | $18,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,916 |
| Advertising and promotion | $19,241 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $274,453 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,568,272 |
| Insurance | $70,324 |
| All other expenses | $17,995 |
| Total functional expenses | $8,713,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,102,698 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $42,148 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $346,033,722 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $308,446 |
| Total assets | $360,492,937 |
| Accounts payable and accrued expenses | $4,190,537 |
| Grants payable | $0 |
| Deferred revenue | $75,915 |
| 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 | $1,762,405 |
| Total liabilities | $6,028,857 |
| 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 | $354,464,080 |
| Total liabilities and net assets/fund balances | $360,492,937 |