Greensboro Downtown Parks Inc
- Assets
- $46.6k
- Revenue
- $830.5k
- Investments
- $0.0
- Employees
- 30
- Location
- Greensboro, NC
- Founding
- 01/2016
- Data as of
- 12/2022
- EIN
- 47-4953789
Organization Overview
Greensboro Downtown Parks Inc is located in Greensboro, NC. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greensboro Downtown Parks Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greensboro Downtown Parks 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 12/2022, Greensboro Downtown Parks Inc generated $830.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $981.3k during the year ending 12/2022. While expenses have increased by 12.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
GREENSBORO DOWNTOWN PARKS INC. IS A NORTH CAROLINA NON-PROFIT ORGANIZATION IN PARTNERSHIP WITH THE CITY OF GREENSBORO, AND SERVES AS THE EXECUTIVE MANAGEMENT OF CENTER CITY PARK AND LEBAUER PARK WITH A FOCUS ON PUBLIC ACTIVATION, MAINTENANCE, FINANCIAL WELL-BEING AND OVERALL VITALITY OF THESE PARKS IN DOWNTOWN GREENSBORO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PARK WAS RENTED FOR NUMEROUS EVENTS THROUGHOUT THE YEAR, INCLUDING CONCERTS, VENDOR EVENTS, CELEBRATIONS, AND RECOGNITION EVENTS.EQUIPMENT AND STAFF SERVICES WERE ALSO RENTED AS NEEDED FOR THESE EVENTS. CONCESSION AND MERCHANDISE SALES WERE MADE DURING THE RESPECTIVE RENTAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Neely Director | OfficerTrustee | 1 | $0 |
Cissy Parham Director | OfficerTrustee | 1 | $0 |
Cheryl White Executive Director | Officer | 40 | $0 |
Hillary Meredith Chair | Trustee | 1 | $0 |
Jeff Smith Secretary | Trustee | 1 | $0 |
Kim Martin Vice Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $91,519 |
| Related organizations | $0 |
| Government grants | $374,396 |
| All other contributions, gifts, grants, and similar amounts not included above | $226,534 |
| Noncash contributions included in lines 1a–1f | $37,674 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $692,449 |
| Total Program Service Revenue | $208,533 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$70,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,493 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $419,582 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,736 |
| Payroll taxes | $34,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $10,126 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,811 |
| Advertising and promotion | $39,334 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,870 |
| Travel | $4,289 |
| 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 | $26,005 |
| All other expenses | $43,562 |
| Total functional expenses | $981,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,185 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,637 |
| Accounts payable and accrued expenses | $17,593 |
| 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 | $22,866 |
| Other liabilities | $9,182 |
| Total liabilities | $49,641 |
| Net assets without donor restrictions | -$32,856 |
| Net assets with donor restrictions | $29,852 |
| 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 | $46,637 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Greensboro Downtown Parks Inc has recieved totaling $105,613.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Greensboro Inc Greensboro, NC PURPOSE: GENERAL SUPPORT | $50,883 |
Lincoln Financial Foundation Inc Radnor, PA PURPOSE: EDUCATION PROGRAMS | $20,000 |
Vf Foundation Wilmington, DE PURPOSE: GDPI FREE OUTDOOR COMMUNITY PROGRAMMING | $20,000 |
United Arts Council Of Greater Greensboro Inc Greensboro, NC PURPOSE: AG RELIEF GRANT | $7,675 |
Dawn S Chaney Foundation Greensboro, NC PURPOSE: GENERAL FUND | $5,500 |
Anonymous Fund Greensboro, NC PURPOSE: ANNUAL FUND | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |