Cincinnati Parks Foundation
- Assets
- $20.8m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Cincinnati, OH
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 31-1429016
Organization Overview
Cincinnati Parks Foundation is located in Cincinnati, OH. The organization was established in 1995. 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, Cincinnati Parks Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati 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 12/2021, Cincinnati Parks Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $2.2m 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 BUILD BROAD BASED PRIVATE/PUBLIC PARTNERSHIPS SUPPORTING THE CONSERVATION AND ENHANCEMENT OF OUR CITY'S PARKS AND GREENSPACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED AT SPECIFIC PARKS IN THE CINCINNATI AREA IN ORDER TO FURTHER CONSERVE AND ENHANCE PUBLIC GREENSPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer M Spieser Executive Director | OfficerTrustee | 40 | $129,738 |
Fay Dupuis Secretary | OfficerTrustee | 3 | $0 |
Thomas Hankinson Treasurer | OfficerTrustee | 4 | $0 |
Don Mellott President | OfficerTrustee | 4 | $0 |
Cynthia Henderson Trustee | Trustee | 2 | $0 |
Jane Terrill Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carousel Works Contractor | 12/30/15 | $368,355 |
Sasaki Associates Contractor | 12/30/15 | $126,650 |
Universal Contracting Corporation Contractor | 12/30/15 | $9,660,726 |
Forevergreen Landscape Landscape | 12/30/15 | $430,682 |
Kamen Creative Design Services | 12/30/15 | $133,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,312,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,496,079 |
| Total Program Service Revenue | $0 |
| Investment income | $356,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $610,694 |
| Net Income from Fundraising Events | $339,967 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,802,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $769,732 |
| 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. | $156,918 |
| Compensation of current officers, directors, key employees. | $28,245 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $424,473 |
| Pension plan accruals and contributions | $18,590 |
| Other employee benefits | $0 |
| Payroll taxes | $37,114 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,790 |
| Fees for services: Accounting | $24,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $77,007 |
| Fees for services: Other | $27,699 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $19,582 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,891 |
| 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 | $13,506 |
| All other expenses | $12,815 |
| Total functional expenses | $2,212,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,710,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,690,620 |
| 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 | $0 |
| Investments—publicly traded securities | $16,374,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,775,378 |
| Accounts payable and accrued expenses | $24,455 |
| 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 | $24,455 |
| Net assets without donor restrictions | $3,043,271 |
| Net assets with donor restrictions | $17,707,652 |
| 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 | $20,775,378 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cincinnati Parks Foundation has recieved totaling $12,350.
| Awarding Organization | Amount |
|---|---|
Harmony Project Cincinnati, OH PURPOSE: TO SUPPORT ITS MISSION | $11,000 |
Charles M Grant Foundation Cincinnati, OH PURPOSE: DONATION | $1,000 |
Peter And Mary Levin Family Foundation Cincinnati, OH PURPOSE: ANNUAL SUPPORT | $350 |
Endowment Analysis
| Beg. Balance | $9,247,309 |
| Earnings | $985,430 |
| Admin Expense | $72,616 |
| Net Contributions | $60,000 |
| Grants | $96,664 |
| Ending Balance | $10,123,459 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Trail Conservancy Harpers Ferry, WV | $31,433,012 | $14,528,575 |
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
21st Century Parks Inc Louisville, KY | $96,568,908 | $4,921,884 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
John Bartram Association Philadelphia, PA | $5,352,246 | $2,805,370 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Park Home Inc Montoursville, PA | $22,271,789 | $2,501,068 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Buhl Park Corporation Hermitage, PA | $630,019 | $2,157,285 |