Denver Park Trust
- Assets
- $556.4k
- Revenue
- $454.5k
- Investments
- $452.7k
- Employees
- 1
- Location
- Denver, CO
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 84-2574134
Organization Overview
Denver Park Trust is located in Denver, CO. The organization was established in 2020. 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. Denver Park Trust 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, Denver Park Trust generated $454.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $303.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS PARK ACCESS AND EQUITY BY ENHANCING DENVER'S PARK SYSTEM THROUGH THE MOBILIZATION OF FINANCIAL AND POPULAR SUPPORT FOR LAND ACQUISITION FOR NEW PARKS AND IMPROVED PARK AMENITIES.
Describe the Organization's Program Activity:
OUR PRIMARY FUNCTION IS TO ENHANCE AND EXPAND PARK SPACE IN UNDERSERVED COMMUNITIES THROUGH FINANCIAL SUPPORT.
ADMINISTER DENVER PARKS AND RECREATION'S COMMEMORATIVE BENCH PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Rowe Executive Director | Trustee | 40 | $120,000 |
Kendra Black Secretary | Officer | 1 | $0 |
Khadija Haynes Member Emeritus | Officer | 1 | $0 |
Darrell Watson Board Chair | Trustee | 1 | $0 |
Jon Buerge Member | Trustee | 1 | $0 |
Happy Haynes Ex-Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $414,517 |
| Total Program Service Revenue | $0 |
| Investment income | $39,356 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $454,470 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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 | $120,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,075 |
| Payroll taxes | $9,685 |
| Fees for services: Management | $45,348 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,308 |
| Advertising and promotion | $4,238 |
| Office expenses | $1,353 |
| 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 | $1,464 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,356 |
| All other expenses | $0 |
| Total functional expenses | $303,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $103,657 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $452,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,368 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $486,499 |
| Net assets with donor restrictions | $69,869 |
| 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 | $556,368 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Denver Park Trust has recieved totaling $69,857.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $51,852 |
Considine Family Foundation Denver, CO PURPOSE: SOCIAL SERVICES | $15,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: IMPROVEMENT OF PARKS | $2,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western National Parks Association Tucson, AZ | $16,969,884 | $10,617,011 |
Davis & Weber Counties Canal Co Sunset, UT | $75,121,489 | $8,211,591 |
Memorial Park Tulsa, OK | $30,425,611 | $5,086,019 |
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Ramah In The Rockies Denver, CO | $14,278,108 | $2,853,813 |
Fort Lyon Canal Company Las Animas, CO | $20,042,880 | $3,412,269 |
Doney Park Water Flagstaff, AZ | $8,658,378 | $2,522,367 |
Bear River Canal Co Tremonton, UT | $6,239,998 | $2,499,568 |
Durango Municipal Recreation Inc Durango, CO | $1,828,686 | $1,727,631 |
Strawberry High Line Canal Company Payson, UT | $4,583,401 | $1,788,945 |
Denver Tennis Park Inc Denver, CO | $14,829,310 | $1,270,663 |