Town Branch Park Inc

Organization Overview

Town Branch Park Inc is located in Lexington, KY. The organization was established in 2019. 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. Town Branch Park 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 12/2021, Town Branch Park Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $654.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BRING THE UNPARALLELED BEAUTY OF OUR COUNTRYSIDE TO OUR CITY AND ELEVATE THE QUALITY OF LIFE OF OUR CITIZENS THROUGH EXCEPTIONAL DESIGN AND THOUGHTFUL PARK PROGRAMMING AS DISTINCTIVE AS LEXINGTON

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS TRANSFORMING A NINE (9) ACRE ASPHALT PARKING LOT INTO A HIGH QUALITY URBAN PARK AND OPEN SPACE, WITH RELATED FACILITIES AND AMENITIES, FOR USE AND ENJOYMENT BY THE RESIDENTS AND VISITORS OF LEXINGTON FOR RECREATIONAL AND EDUCATIONAL PURPOSES.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $45,000
All other contributions, gifts, grants, and similar amounts not included above$3,434,676
Noncash contributions included in lines 1a–1f $150,174
Total Revenue from Contributions, Gifts, Grants & Similar$3,479,676
Total Program Service Revenue$0
Investment income $642
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,191
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,481,509

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Town Branch Park Inc has recieved totaling $220,000.

Awarding OrganizationAmount
W T Young Family Foundation Inc

Lexington, KY

PURPOSE: SUBSIDY

$180,000
Don Jacobs Sr Charitable Foundation Inc

Lexington, KY

PURPOSE: SUBSIDY

$20,000
Organization Name not Listed

PURPOSE: TO SUPPORT THE ORGANIZATION'S MISSION IN CREATING A PUBLIC SPACE IN DOWNTOWN LEXINGTON, KENTUCKY

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$20,000
View Grant Recipient Profile

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