Lafayette Central Park Inc
- Assets
- $19.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Lafayette, LA
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 46-2552778
Organization Overview
Lafayette Central Park Inc is located in Lafayette, LA. The organization was established in 2013. 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, Lafayette Central Park Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lafayette Central Park Inc 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, Lafayette Central Park Inc generated $1.8m 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 (7.9%) each year. All expenses for the organization totaled $1.6m 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
ORGANIZED TO PLAN, DESIGN, BUILD, AND MAINTAIN A COMMUNITY PARK FOR THE CITY OF LAFAYETTE AND ITS SURROUNDING AREA ON A PLOT OF ROUGHLY 100 ACRES LEASED FROM THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT, MAINTENANCE AND OPERATION OF A PUBLIC PARK BY RAISING MONEY FOR THE DESIGN AND CONSTRUCTION OF THE PARK AND FOR THE CREATION OF A FUND FOR PERPETUAL MAINTENANCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Brooks Executive Dir | Trustee | 40 | $95,683 |
Jp Macfayden Exective Dir. | Trustee | 40 | $93,822 |
Dean Cole Vice Chairman | OfficerTrustee | 1 | $0 |
Leonard K Lemoine Chairman | OfficerTrustee | 2 | $0 |
William Rucks V Member | Trustee | 1 | $0 |
Jacob Roberie Member | Trustee | 1 | $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 | $1,135,809 |
| Noncash contributions included in lines 1a–1f | $8,162 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,135,809 |
| Total Program Service Revenue | $557,462 |
| Investment income | $83,638 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,210 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,779,119 |
| 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. | $110,000 |
| Compensation of current officers, directors, key employees. | $33,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $475,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,428 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,000 |
| Advertising and promotion | $25,018 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $64,673 |
| Travel | $398 |
| 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 | $33,032 |
| Insurance | $37,599 |
| All other expenses | $309,300 |
| Total functional expenses | $1,628,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,752,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $930,808 |
| Accounts receivable, net | $55,019 |
| 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 | $16,647 |
| Net Land, buildings, and equipment | $11,147,110 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,181,205 |
| Total assets | $19,082,837 |
| Accounts payable and accrued expenses | $247,019 |
| 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 | $830,509 |
| Total liabilities | $1,077,528 |
| Net assets without donor restrictions | $14,328,839 |
| Net assets with donor restrictions | $3,676,470 |
| 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 | $19,082,837 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Lafayette Central Park Inc has recieved totaling $2,027,030.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Acadiana Lafayette, LA PURPOSE: capital expenditures, general support | $1,349,000 |
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $650,000 |
Community Foundation Of Acadiana Lafayette, LA PURPOSE: General Support | $17,030 |
Mills Family Foundation Inc Lafayette, LA PURPOSE: CHARITABLE | $10,000 |
Robert Charles Guidry Sr Charitable Trust Abbeville, LA PURPOSE: TO BEAUTIFY LOCAL AREA | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Parks Foundation Austin, TX | $18,633,164 | $9,510,875 |
Hollywood Memorial Park Company Houston, TX | $33,442,112 | $5,846,225 |
Parks For Downtown Dallas Dallas, TX | $32,328,636 | $5,039,628 |
Woodall Rodgers Park Foundation Dallas, TX | $79,564,838 | $21,615,495 |
Pease Park Conservancy Austin, TX | $3,299,549 | $1,315,940 |
Spark Houston, TX | $2,148,796 | $3,269,886 |
Linda Pace Foundation San Antonio, TX | $85,448,768 | $4,905,864 |
Evelyns Park Conservancy Bellaire, TX | $893,230 | $3,189,760 |
Emancipation Park Conservancy Houston, TX | $2,439,536 | $2,922,994 |
State Parks And Recreation Foundation Of Arkansas Little Rock, AR | $3,242,113 | $1,406,923 |
Hemisfair Conservancy San Antonio, TX | $1,859,669 | $1,225,591 |
Friends Of City Park New Orleans, LA | $3,426,223 | $2,890,459 |