Durham Central Park
- Assets
- $260.8k
- Revenue
- $278.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Durham, NC
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 58-2222977
Organization Overview
Durham Central Park is located in Durham, NC. The organization was established in 1996. 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 12/2023, Durham Central Park employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Central Park 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 12/2023, Durham Central Park generated $278.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $304.2k during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DURHAM CENTRAL PARK IS AN EXCITING DOWNTOWN DESTINATION THAT OFFERS A VENUE FOR CULTURAL ACTIVITIES AND IS PART OF A 24-HOUR, AUTHENTIC, WALKABLE, NEIGHBORHOOD FOR ARTS, RECREATION AND LOCALLY OWNED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURHAM CENTRAL PARK IS AN ARTS-THEMED, COMMUNITY-FOCUSED, PARK IN DOWNTOWN DURHAM, NORTH CAROLINA. THE PARK HOSTS SEVERAL COMMUNITY EVENTS SUCH AS A FOOD TRUCK RODEO, PLAYLIST CONCERT SERIES, AND THE DURHAM FARMERS MARKET. THE PARK ALSO CONTAINS TWO AREAS THAT MAY BE RENTED FOR PRIVATE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Kauffman Executive Dir. | Officer | 40 | $68,500 |
Allie Jaarsma President | OfficerTrustee | 2 | $0 |
Nil Ghosh Vice President | OfficerTrustee | 1 | $0 |
Mike Shiflett Treasurer | OfficerTrustee | 3 | $0 |
Kharmika Tillery Alston Director | OfficerTrustee | 1 | $0 |
Martha Arango Lopez DE Mesa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,371 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $139,964 |
| Total Program Service Revenue | $69,401 |
| Investment income | $2,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,173 |
| Net Gain/Loss on Asset Sales | $2,726 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $278,617 |
| 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. | $68,500 |
| Compensation of current officers, directors, key employees. | $13,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,985 |
| Payroll taxes | $7,945 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,870 |
| Office expenses | $14,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,182 |
| 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 | $4,367 |
| All other expenses | $0 |
| Total functional expenses | $304,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,135 |
| Savings and temporary cash investments | $64,342 |
| 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 | $0 |
| Investments—publicly traded securities | $102,345 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $260,822 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,581 |
| Total liabilities | $1,581 |
| Net assets without donor restrictions | $156,896 |
| Net assets with donor restrictions | $102,345 |
| 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 | $260,822 |