Parks For Downtown Dallas
- Assets
- $32.3m
- Revenue
- $5.0m
- Investments
- $19.8m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 75-2564365
Organization Overview
Parks For Downtown Dallas is located in Dallas, TX. The organization was established in 1994. 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. Parks For Downtown Dallas 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, Parks For Downtown Dallas generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 25.8% per year over the past 5 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACIFIC PLAZA, LLC ON BEHALF OF PACIFIC PLAZA:IN JULY OF 2016 PACIFIC PLAZA LLC, SOLELY OWNED BY PARKS FOR DOWNTOWN DALLAS, ENTERED INTO A CONTRACT WITH THE CITY OF DALLAS PARK AND RECREATION DEPARTMENT TO FUND SCHEMATIC DESIGN, OF PACIFIC PLAZA. IN APRIL 2017, A DESIGN AND CONSTRUCTION CONTRACT WAS APPROVED AND SIGNED WITH THE CITY OF DALLAS. THE PARK IS ONE OF THE FOUR PRIORITY PARKS IDENTIFIED IN THE DOWNTOWN PARKS MASTER PLAN UPDATE APPROVED BY THE CITY COUNCIL AND PARK BOARD IN 2013. THE PARK COVERS 3.4 ACRES OF LAND OWNED BY THE CITY OF DALLAS. CONSTRUCTION COMMENCED IN SPRING OF 2018 AND WAS COMPLETED IN OCTOBER 2019. OWNERSHIP OF THE PARK WAS TRANSFERRED TO THE CITY OF DALLAS IN 2020. PARKS FOR DOWNTOWN DALLAS PROVIDED LANDSCAPE MAINTENANCE ASSISTANCE AND OTHER PARK MAINTENANCE DURING 2021 TOTALING $201,330
HARWOOD PARK, LLC ON BEHALF OF HARWOOD PARK:CONTINUING ITS FOCUS ON HELPING DEVELOP URBAN PARKS ANDGREEN SPACE IN DOWNTOWN DALLAS, PARKS FOR DOWNTOWN DALLAS ISACTIVELY ASSISTING THE CITY OF DALLAS PARK AND RECREATIONDEPARTMENT WITH PARK DEVELOPMENT ACTIVITIES FOR THE FUTURE3.8-ACRE HARWOOD PARK, ANOTHER OF THE FOUR PRIORITY PARKSIDENTIFIED IN THE 2013 PARKS MASTER PLAN UPDATE. HARWOODPARK LLC PURCHASED LAND FOR THIS PARK SITE IN 2014, 2015,2017 AND 2018. TOTAL EXPENSES FOR HARWOOD PARK IN 2021 FORDESIGN, REAL ESTATE SERVICES AND PRE-CONSTRUCTION ACTIVITYWERE $1,676,746
WEST END PLAZA PARK, LLC ON BEHALF OF WEST END SQUARE:WEST END SQUARE WILL BE THE SECOND OF THE FOUR PRIORITYDOWNTOWN PARKS IDENTIFIED IN THE DOWNTOWN PARKS MASTER PLANTO BE COMPLETED. THIS .8-ACRE SITE FOR A FUTURE CITY PARKBEGAN PLANNING AND DESIGN WORK IN 2018 AND CONSTRUCTION IN EARLY 2020. COSTS OF CONSTRUCTION INCURRED DURING 2021 TOTALLED $1,321,618.
CARPENTER PARK LLC, ON BEHALF OF CARPENTER PARK:CONTINUING ITS FOCUS ON HELPING DEVELOP URBAN PARKS AND GREEN SPACE IN DOWNTOWN DALLAS, PARKS FOR DOWNTOWN DALLAS IS ACTIVELY ASSISTING THE CITY OF DALLAS PARK AND RECREATION DEPARTMENT WITH PARK DEVELOPMENT ACTIVITIES FOR THE FUTURE 5.6 ACRE CARPENTER PARK, ANOTHER OF THE FOUR PRIORITY PARKS IDENTIFIED IN THE 2013 PARKS MASTER PLAN UPDATE. PLANNING AND DESIGN FOR THIS PARK BEGAN IN 2015 AND CONSTRUCTION BEGAN IN LATE 2020. PARKS FOR DOWNTOWN DALLAS, UNDER A CONTRACT WITH THE CITY OF DALLAS, IS MANAGING DEVELOPMENT OF THIS PARK AND REINSTALLATION OF "PORTAL SLICE", AN IMPORTANT SCULPTURE CREATED BY ROBERT IRWIN. EXPENSES INCURRED IN 2021 FOR THE DEVELOPMENT OF THIS PARK WERE $1,176,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy M Meadows President & Assistant Secr | 40 | $246,742 | |
Sarah Hughes Project Associate | 40 | $105,311 | |
Jan Tallichet Office Manager/execu | 40 | $85,708 | |
Guy H Kerr Secretary & Trustee | 10 | $0 | |
Marian Spitzberg Trustee | 0.5 | $0 | |
Dunia A Shive Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hcbeck Ltd | 12/30/21 | $1,237,894 |
Ten Eyck Landscape Architects | 12/30/21 | $664,096 |
Tag Realty | 12/30/21 | $219,000 |
Hargreaves Jones | 12/30/21 | $384,378 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,727,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $457,674 |
| Net Rental Income | $29,329 |
| Net Gain on Sale of Assets | $590,574 |
| Capital Gain Net Income | $590,574 |
| Net ST Capital Gain | $203,174 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,039,628 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $246,742 |
| Other employee salaries and wages | $203,480 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $186,614 |
| Depreciation | $2,654 |
| Occupancy | $86,145 |
| Travel, conferences, and meetings | $25,368 |
| Printing and publications | $3,525 |
| Other expenses | $4,463,479 |
| Total operating and administrative expenses | $5,402,811 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,402,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,287,573 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,727,544 |
| Net Land, buildings, and equipment | $4,950 |
| Other assets | $11,225,633 |
| Total assets | $32,328,636 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Parks For Downtown Dallas has recieved totaling $1,697,539.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $796,550 |
Hoblitzelle Foundation Dallas, TX PURPOSE: TOWARD PACIFIC PLAZA PARK, TO INCLUDE ASTON PARK AS ASTON GROVE | $225,000 |
Meadows Foundation Incorporated Dallas, TX PURPOSE: TOWARD DEVELOPING GREEN SPACE IN DALLAS' CENTRAL BUSINESS DISTRICT | $200,000 |
Summerlee Foundation Dallas, TX PURPOSE: GENERAL SUPPORT | $150,000 |
Constantin Foundation Inc Dallas, TX PURPOSE: TOWARDS CARPENTER PARK | $100,000 |
Howard Earl Rachofsky Foundation Dallas, TX PURPOSE: CREATION OF PERMANENT ENDOWMENT FUND TO MAINTAIN SCULPTURE, PORTAL PARK SLICE, IN CARPENTER PARK. | $100,000 |
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 |
Memorial Park Tulsa, OK | $30,425,611 | $5,086,019 |
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 |