Centennial Park Conservancy
- Assets
- $5.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 7
- Location
- Nashville, TN
- Founding
- 06/1985
- Data as of
- 12/2021
- EIN
- 58-1609026
Organization Overview
Centennial Park Conservancy is located in Nashville, TN. The organization was established in 1985. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Centennial Park Conservancy employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Park Conservancy 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, Centennial Park Conservancy generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 10.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE, ENHANCE AND SHARE THE PARTHENON AND CENTENNIAL PARK TO BENEFIT OUR CITY AND COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTENNIAL PARK CONSERVANCY IS A PRIVATE, NONPROFIT ORGANIZATION, SERVING THE COMMUNITY THROUGH STEWARDSHIP, PROGRAMMING, AND PROMOTION OF CENTENNIAL PARK AND THE PARTHENON IN NASHVILLE, TENNESSEE. THE CONSERVANCY'S MISSION IS TO PRESERVE, ENHANCE AND SHARE THE PARTHENON AND CENTENNIAL PARK SO THAT ALL FUTURE GENERATIONS MAY BENEFIT FROM THESE ENRICHING CULTURAL AND EDUCATIONAL LANDMARKS. THE CONSERVANCY WORKS IN PARTNERSHIP WITH THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE, DEPARTMENT OF PARKS AND RECREATION TO SUPPORT THEIR WORK IN CENTENNIAL PARK AND THE PARTHENON. TOGETHER WITH METRO PARKS, WE SERVED OUR CITY BY REVITALIZING THE PARK'S GREEN SPACE, UNDERWRITING THE PARTHENON'S EXHIBITION AND EDUCATIONAL PROGRAMS, AND PRESENTING ACCESSIBLE AND INCLUSIVE COMMUNITY PROGRAMMING TO SUSTAIN THE PARK'S VIBRANCY. A FEW HIGHLIGHTS OF THE IMPORTANT WORK WE ACCOMPLISHED: COMPLETED THE LAWN PHASE OF IMPROVEMENTS; RAISED AN ADDITIONAL $4M FOR UPCOMING CAPITAL IMPROVEMENTS INCLUDING THE PARK PLAZA / EVENT PAVILION PHASE; ESTABLISHED THE PARATHENON PRESERVATION FUND TO INCREASE PRIVATE SUPPORT FOR THE PARATHENON AND INTRODUCE THE MUSEUM'S FIRST AUDIO TOUR; RETURNED IN-PERSON EVENTS AT THE PARTHENON AND ENGAGED WITH VISTORS THROUGH MUSICIANS CORNER, KIDSVILLE, AND NASHVILLE EARTH DAY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Tumminello President | Officer | 50 | $146,208 |
John Hackett Treasurer | OfficerTrustee | 2 | $0 |
Tayo Atanda Secretary | OfficerTrustee | 2 | $0 |
Phyllis Hildreth Vice Chair | OfficerTrustee | 2 | $0 |
Neil Krugman Board Chairman | OfficerTrustee | 2 | $0 |
Melinda Buntin Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $398,564 |
| Related organizations | $0 |
| Government grants | $403,687 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,673,943 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,476,194 |
| Total Program Service Revenue | $204,007 |
| Investment income | $21,056 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $57,155 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$89,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $99,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,768,009 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,782,609 |
| 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. | $178,476 |
| Compensation of current officers, directors, key employees. | $44,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $338,469 |
| Pension plan accruals and contributions | $5,344 |
| Other employee benefits | $44,219 |
| Payroll taxes | $37,818 |
| Fees for services: Management | $66,572 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $58,834 |
| Office expenses | $30,119 |
| Information technology | $11,410 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,333 |
| All other expenses | $4,494 |
| Total functional expenses | $2,975,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,015,473 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $893,513 |
| 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 | $358,249 |
| Total assets | $5,267,235 |
| Accounts payable and accrued expenses | $16,355 |
| Grants payable | $0 |
| Deferred revenue | $143,750 |
| 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 | $160,105 |
| Net assets without donor restrictions | $1,614,936 |
| Net assets with donor restrictions | $3,492,194 |
| 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 | $5,267,235 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Centennial Park Conservancy has recieved totaling $721,581.
| Awarding Organization | Amount |
|---|---|
Sandra Schatten Foundation Nashville, TN PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE FOUNDATION | $544,000 |
Msb Cockayne Fund Inc Nashville, TN PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $58,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $28,300 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: PLEASE ACKNOWLEDGE GIFT BEING FROM SHIRLEY AND STUART SPEYER | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $12,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $12,500 |
Endowment Analysis
| Beg. Balance | $159,636 |
| Earnings | $17,486 |
| Admin Expense | $819 |
| Ending Balance | $176,303 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
North Carolina Museum Of Art Foundation Inc Raleigh, NC | $80,876,506 | $13,828,837 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Commonwealth Fund For Ket Inc Lexington, KY | $35,205,433 | $8,912,254 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Marbles Kids Museum Raleigh, NC | $8,790,326 | $3,967,863 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Friends Of Nc State Museum Of Natural Sciences Raleigh, NC | $9,967,287 | $3,956,524 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
World Chess Museum Inc St Louis, MO | $1,624,573 | $2,628,298 |