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← 21ST CENTURY PARKS ENDOWMENT INC

Form 990 for tax year 2024

Filed by 21ST CENTURY PARKS ENDOWMENT INC.

Totals

Total revenue
$3,529,988
Total expenses
$2,027,731
Contributions and grants received
$1,606,580
Grants paid
$1,848,900
Program service revenue
$900
Investment income
$1,922,508
Other revenue
$0
Total assets, end of year
$106,467,335
Total liabilities, end of year
$168,520
Net assets or fund balances, end of year
$106,298,815
Program services expenses (Part IX)
$1,848,900
Management and general expenses
$178,831
Fundraising expenses
$0
Program service expenses (Part III)
$1,848,900

Program services were 91.2% 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

    $1,606,580

  • 2f · All other program service revenue

    total $900 · related or exempt $900

  • 3 · Investment income

    total $1,957,006 · excluded $1,957,006

  • 7a · Gross sales of assets other than inventory

    securities $1,526,314 · other assets $279,400

  • 7b · Less cost or other basis and sales expenses

    securities $1,600,331 · other assets $239,881

  • 7c · Gain or loss

    securities -$74,017 · other assets $39,519

  • 7d · Net gain or loss

    total -$34,498 · excluded -$34,498

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,848,900 · program services $1,848,900

  • 11b · Fees: legal

    total $25,147 · management and general $25,147

  • 11c · Fees: accounting

    total $11,400 · management and general $11,400

  • 11f · Fees: investment management

    total $35,081 · management and general $35,081

  • 11g · Fees: other

    total $97,544 · management and general $97,544

  • 13 · Office expenses

    total $1,430 · management and general $1,430

  • 23 · Insurance

    total $8,204 · management and general $8,204

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $697,273 · end of year $1,125,421

  • 2 · Savings and temporary cash investments

    beginning of year $129,062 · end of year $134,552

  • 3 · Pledges and grants receivable

    beginning of year $78,689 · end of year $0

  • 4 · Accounts receivable

    end of year $900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,664 · end of year $9,019

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

    $4,407,037

  • 10c · Land, buildings and equipment, net

    beginning of year $4,630,820 · end of year $4,407,037

  • 11 · Investments: publicly traded securities

    beginning of year $88,690,489 · end of year $99,489,439

  • 12 · Investments: other securities

    beginning of year $1,238,085 · end of year $1,300,967

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,169 · end of year $0

  • 25 · Other liabilities

    beginning of year $183,560 · end of year $168,520

  • 27 · Net assets without donor restrictions

    beginning of year $84,409,637 · end of year $94,103,147

  • 28 · Net assets with donor restrictions

    beginning of year $10,850,716 · end of year $12,195,668

Mission and programs · 2024

Mission

THE PURPOSE OF 21ST CENTURY PARKS ENDOWMENT, INC. IS TO PRESERVE, PROTECT AND MAINTAIN OPEN GREEN SPACES, PARKS AND PARK FACILITIES IN AND AROUND JEFFERSON COUNTY, KENTUCKY, BY PROVIDING FINANCIAL AND OTHER FORMS OF SUPPORT. ORGANIZATIONS SUPPORTED INCLUDE 21ST CENTURY PARKS, INC., LOUISVILLE METRO PARKS AND OTHER PUBLIC CHARITIES.

Activities or mission (Part I)

TO PRESERVE, PROTECT & MAINTAIN GREEN SPACES & PARKS PRIMARILY IN & AROUND JEFFERSON COUNTY, KY.

  • THE ORGANIZATION RAISED FUNDS FOR SUPPORT OF ITS MISSION TO PRESERVE, PROTECT AND MAINTAIN PARKS, PARK FACILITIES AND GREEN SPACES IN JEFFERSON COUNTY, KENTUCKY. THE ORGANIZATION GRANTED $1,848,900 TO 21ST CENTURY PARKS, INC. (DBA THE PARKLANDS OF FLOYDS FORK) FOR PARK MAINTENANCE, OPERATING COSTS AND LAND ACQUISITIONS FOR PARK USE.

    Expenses $1,848,900 · Grants $1,848,900

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAVID F MORGAN

    TREASURER

    Total calculated
    $355,714
    From this org
    $0
    From related orgs
    $326,600
    Other
    $29,114
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,064 related
    Nontaxable benefits
    $0 + $16,050 related
    Filer's total
    $0 + $355,714 related

  • DANIEL H JONES

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • BRYAN K JOHNSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • LAURA FORBES

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SUSAN JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • 21ST CENTURY PARKS INC

    $1,848,900

    TO PRESERVE AND SUSTAIN PARKLANDS THAT REFLECT THE NEEDS AND VALUES OF OUR COMMUNITY.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CHARITABLE REMAINDER TRUST (1)

    INVESTMENTS · KY

Provenance

Return type
form_990
Tax year
2024
Filed
5 December 2025
IRS schema version
2024v5.2
Source object
202503399349300430

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