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Nonprofiteer
← MCKEE PARKS TRAILS AND GREENWAYS

Form 990 for tax year 2023

Filed by MCKEE PARKS TRAILS AND GREENWAYS.

Totals

Total revenue
$1,425,137
Total expenses
$5,871,234
Contributions and grants received
$1,282,632
Grants paid
$5,842,031
Program service revenue
$0
Investment income
$5
Other revenue
$142,500
Total assets, end of year
$190,072
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$190,072
Program services expenses (Part IX)
$5,864,239
Management and general expenses
$6,995
Fundraising expenses
$0
Program service expenses (Part III)
$5,864,239

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,282,632

  • 3 · Investment income

    total $5 · excluded $5

  • 11a · Other revenue: PARTIAL CLAIM SETTLEME

    total $142,500 · excluded $142,500

  • 11e · Other revenue, total

    $142,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,842,031 · program services $5,842,031

  • 11b · Fees: legal

    total $120 · management and general $120

  • 11g · Fees: other

    total $6,875 · management and general $6,875

  • 24a · Other expenses: OTHER PARK RELATED EXPE

    total $22,208 · program services $22,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $467,403 · end of year $190,072

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $4,271,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,404

  • 27 · Net assets without donor restrictions

    beginning of year $4,636,169 · end of year $190,072

Mission and programs · 2023

Mission

MCKEE PARKS, TRAILS AND GREENWAYS WAS CREATED FOR THE PURPOSE OF SOLICITING FUNDS THROUGH CONTRIBUTIONS IN ORDER TO DESIGN, LANDSCAPE AND BUILD VARIOUS PARK STRUCTURES ON A SPECIFIED PLOT OF LAND IN THE CITY OF COLLEGEDALE, TENNESSEE. IT IS THE INTENT OF THE ORGANIZATION TO PASS OWNERSHIP OF THE COMPLETED PARK TO THE CITY.

Activities or mission (Part I)

THE ORGANIZATION'S PRIMARY ACTIVITY IS TO SUPPORT AND FACILITATE THE DEVELOPMENT, CONSTRUCTION, MAINTENANCE, OPERATION, AND USE OF LAND AND FACILITIES FOR ENVIRONMENTALLY-FRIENDLY PUBLIC PARKS, TRAILS, AND OTHER OUTDOOR ACTIVITIES, WITH AN OBJECTIVE OF PRESERVING NATURAL BEAUTY AND ENHANCING OPPORTUNITIES FOR EDUCATION, COMMUNITY, AND ECONOMIC DEVELOPMENT.

  • ALL ACTIVITIES ARE FOCUSED ON MAKING ENVIRONMENTAL FRIENDLY, PUBLIC PARKS, TRAILS, GREENWAYS AND OTHER OUTDOOR ACTIVITIES AVAILABLE TO THE GENERAL PUBLIC.THE YEAR ENDING DECEMBER 31, 2020 WAS THE INITIAL YEAR FOR THE ORGANIZATION AND THEREFORE THE ONLY EXPENSES INCURRED WERE MANAGEMENT EXPENSES ASSOCIATED WITH DRAFTING AND FILING ALL ORGANIZING DOCUMENTS. IN 2022, APPROXIMATELY $3 MILLION OF CONSTRUCTION IN PROGRESS COSTS WERE INCURRED AND CAPITALIZED. THE TOTAL CONSTRUCTION COSTS ARE ESTIMATED TO BE APPROXIMATELY $5.3 MILLION. IN 2023, APPROXIMATELY $1.7 MILLION OF CONSTRUCTION COSTS WERE INCURRED AND CAPITALIZED. THE COMPLETED PARK WAS OPENED ON JUNE 30, 2023 AND THE CITY OF COLLEGEDALE BEGAN OPERATING THE PARK. TOTAL COST TO BUILD THE PARK WAS APPROXIMATELY $5.8 MILLION. THE CONTINUED PROGRAMMATIC INTENT AND PURPOSE OF THE ORGANIZATION IS TO CONTINUE SUPPORTING PARKS, TRAILS AND GREENWAYS THAT BENEFIT OUR COMMUNITY.

    Expenses $5,864,239 · Grants $5,842,031

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Russell E McKee Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Chris McKee

    VICE-PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jacob Stone

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • CITY OF COLLEGEDALE

    $0

    TO CONTINUE SUPPORTING PARKS, TRAILS AND GREENWAYS THAT BENEFIT OUR COMMUNITY

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423209349321252

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