Red Mountain Park Foundation
- Assets
- $554.2k
- Revenue
- $380.2k
- Investments
- $106.8k
- Employees
- 6
- Location
- Birmingham, AL
- Founding
- 03/2010
- Data as of
- 09/2021
- EIN
- 27-0950740
Organization Overview
Red Mountain Park Foundation is located in Birmingham, AL. The organization was established in 2010. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 09/2021, Red Mountain Park Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Mountain Park 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 09/2021, Red Mountain Park Foundation generated $380.2k 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 (18.7%) each year. All expenses for the organization totaled $434.2k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RED MOUNTAIN PARK FOUNDATION SERVES AS THE FUNDRAISING CATALYST FOR RED MOUNTAIN PARK, A 501(C)(3) WHOSE MISSION IS "TO CONNECT OUR COMMUNITIES BY RECLAIMING THE LAND WHERE BIRMINGHAM BEGAN, UNITING US ALL ON THE PATH TOWARD A HEALTHIER FUTURE." THE FOUNDATION SUPPORTS RED MOUNTAIN PARK'S STRATEGIC VISION "TO BE A SELF-SUSTAINING, AWARD-WINNING PARK" IN THE CITY RED MOUNTAIN PARK IS HELPING REDEFINE THROUGH GREENSPACE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT FOR RED MOUNTAIN GREENWAY AND RECREATIONAL AREA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tc Mclemore Executive Director | Trustee | 40 | $82,400 |
Jay Pigford Board Member | Trustee | 1 | $0 |
Tashauna Goldsby Board Member | Trustee | 1 | $0 |
Foster Hyde Board Member | Trustee | 1 | $0 |
Elizabeth Goodrich Board Member | Trustee | 1 | $0 |
Sharonda Fancher Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,414 |
| Fundraising events | $8,873 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $206,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,616 |
| Total Program Service Revenue | $0 |
| Investment income | $1,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,090 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,161 |
| 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. | $82,400 |
| Compensation of current officers, directors, key employees. | $8,240 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $149,054 |
| Pension plan accruals and contributions | $6,932 |
| Other employee benefits | $31,314 |
| Payroll taxes | $17,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,088 |
| Advertising and promotion | $1,578 |
| Office expenses | $930 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,842 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $286 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $315 |
| Insurance | $7,991 |
| All other expenses | $2,909 |
| Total functional expenses | $434,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $273,573 |
| 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 | $2,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $106,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $554,225 |
| Accounts payable and accrued expenses | $1,228 |
| 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 | $0 |
| Total liabilities | $1,228 |
| Net assets without donor restrictions | -$870,428 |
| Net assets with donor restrictions | $1,423,425 |
| 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 | $554,225 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Red Mountain Park Foundation has recieved totaling $15,675.
| Awarding Organization | Amount |
|---|---|
Amfirst Foundation Birmingham, AL PURPOSE: GENERAL - NO RESTRICTIONS | $15,675 |
Endowment Analysis
| Beg. Balance | $91,150 |
| Earnings | $16,573 |
| Admin Expense | $911 |
| Ending Balance | $106,812 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Golf Foundation Inc St Augustine, FL | $15,762,400 | $15,410,319 |
The Lpga Foundation Daytona Beach, FL | $9,352,661 | $8,926,297 |
American Junior Golf Foundation Inc Braselton, GA | $19,641,772 | $5,413,953 |
First Tee Of Atlanta Inc Atlanta, GA | $2,807,006 | $1,612,147 |
First Tee Of North Flordia Inc Saint Augustine, FL | $828,458 | $1,796,626 |
Alabama Shakespeare Festival Endowment Tr Montgomery, AL | $55,944,765 | $702,964 |
Atlanta Classic Foundation Inc Duluth, GA | $0 | $0 |
Reef Environmental Education Foundation Incorporated Key Largo, FL | $2,620,574 | $1,900,215 |
Tenngreen Land Conservancy Nashville, TN | $19,971,388 | $11,678,938 |
Special Olympics Florida Foundation Inc Clermont, FL | $9,976,679 | $223,527 |
Titan Club Inc Bogart, GA | $239,502 | $787,104 |
Friends Of Carrollwood Cultural Center Inc Tampa, FL | $7,203 | $802,379 |