Morganton Park And Recreation Foundation Inc
- Assets
- $3.2m
- Revenue
- $107.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Morganton, NC
- Founding
- 05/1950
- Data as of
- 12/2020
- EIN
- 56-6062076
Organization Overview
Morganton Park And Recreation Foundation Inc is located in Morganton, NC. The organization was established in 1950. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morganton Park And Recreation Foundation 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 12/2020, Morganton Park And Recreation Foundation Inc generated $107.9k 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 (11.6%) each year. All expenses for the organization totaled $26.9k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE RECREATIONAL OPPORTUNITIES FOR THE CITIZENS OF BURKE COUNTY BY PROVIDING RECREATION OUTLETS AND SUPPORTING SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AND MAINTAIN RECREATIONAL FACILITIES FOR THE CITIZENS OF BURKE COUNTY, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Whisnant Chairman | OfficerTrustee | 0.25 | $0 |
Mike Ayotte Treasurer | OfficerTrustee | 0.25 | $0 |
Jerry Norvell Vice Chairman | OfficerTrustee | 0.25 | $0 |
Lisa Buff Secretary | OfficerTrustee | 0.25 | $0 |
Caroline Avery Director | Trustee | 0.25 | $0 |
Clint Lytle Director | Trustee | 0.25 | $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 | $13,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,210 |
| Total Program Service Revenue | $90,000 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,665 |
| 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 | $107,881 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,476 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,541 |
| Insurance | $713 |
| All other expenses | $0 |
| Total functional expenses | $26,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $3,193,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,889 |
| Other assets | $0 |
| Total assets | $3,195,728 |
| Accounts payable and accrued expenses | $0 |
| 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 | $416,047 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,697 |
| Total liabilities | $418,744 |
| 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 | $2,776,984 |
| Total liabilities and net assets/fund balances | $3,195,728 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Ridge Parks & Recreation Association Inc Lake Ridge, VA | $11,873,713 | $7,365,440 |
Lakeshore Park Conservancy Knoxville, TN | $19,542,630 | $6,010,930 |
Shelby Farms Park Conservancy Memphis, TN | $6,955,555 | $6,186,773 |
Lindsay Pettus Greenway Inc Lancaster, SC | $925,142 | $220,841 |
Park Pride Inc Atlanta, GA | $9,014,464 | $8,316,780 |
Piedmont Park Conservancy Inc Atlanta, GA | $4,575,541 | $3,976,026 |
Friends Of Great Smoky Mountain National Park Inc Kodak, TN | $24,666,709 | $4,762,551 |
Dorothea Dix Park Conservancy Raleigh, NC | $6,442,747 | $1,230,438 |
Columbia Memorial Park Inc Arlington, VA | $6,724,392 | $4,421,124 |
Friends Of The Warner Parks Inc Nashville, TN | $7,592,814 | $4,400,427 |
Sherwood Memorial Park Inc Salem, VA | $33,626,834 | $3,672,890 |
Legacy Liii Foundation Inc Atlanta, GA | $0 | $1,630,000 |