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Nonprofiteer
← MCKEE PARKS TRAILS AND GREENWAYS

Form 990 for tax year 2022

Filed by MCKEE PARKS TRAILS AND GREENWAYS.

Totals

Total revenue
$2,072,000
Total expenses
$35,714
Contributions and grants received
$2,072,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,738,573
Total liabilities, end of year
$102,404
Net assets or fund balances, end of year
$4,636,169
Program services expenses (Part IX)
$0
Management and general expenses
$35,714
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $2,072,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $35,714 · management and general $35,714

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,412,355 · end of year $467,403

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

    $4,271,170

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,732,492 · end of year $4,271,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $544,964 · end of year $102,404

  • 27 · Net assets without donor restrictions

    beginning of year $2,599,883 · end of year $4,636,169

Mission and programs · 2022

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. THESE CAPITALIZED CONSTRUCTION IN PROGRESS COSTS ARE RELATED TO THE SPECIFIC PROGRAMMATIC INTENT AND PURPOSE OF THE ORGANIZATION; WHICH IS TO DESIGN, LANDSCAPE AND BUILD VARIOUS PARK STRUCTURES AND PASS THE COMPLETED PARK TO THE CITY OF COLLEGEDALE, TN.

As filed on the 2022 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202333179349302518

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