FOUNDATION PARK CONSERVANCY DBA ARIEL-FOUNDATION PARK CONSERVANCY

EIN: 264646309 501(c)(3) Recreation & Sports

MOUNT VERNON, OH

Total Revenue
$278,205
Total Expenses
$423,855
Total Assets
$907,760
Net Assets
$906,590
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
OH
Phone
7403924940
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION PARK CONSERVANCY DBA ARIEL-FOUNDATION PARK CONSERVANCY, founded in 2009, is a small nonprofit in the Recreation & Sports sector that reported $278K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $424K exceeded revenue, resulting in a 52% operating deficit.

Mission

To make Ariel-Foundation Park a world class example of adaptive reuse that honors its industrial heritage and makes it the focal point for recreation, entertainment, and social interaction in Knox County.

Program Service Accomplishments

Program 1
Expenses: $391,239

Community benefit activities included caring for 250 acres of revitalized greenspace and adjacent neighborhood properties under the ownership and/or care of the Conservancy; promoted outdoor...

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Community benefit activities included caring for 250 acres of revitalized greenspace and adjacent neighborhood properties under the ownership and/or care of the Conservancy; promoted outdoor recreation throughout the year, including hosting a Total Solar Eclipse viewing event, welcoming 4,100 visitors on April 8; hosted and/or partnered on seven concerts including one in celebration of July 4th; hosted the City of Mount Vernons July 4th fireworks event welcoming 8,000 guests to the park, plus more than 130 other events throughout the park season; provided two themed sunset social events; continued redevelopment of a native prairie, now designated the Delano Field of Discovery; marketed the park including nine paid social media ads and a feature in Ohio Magazines March/April edition; supported social media and website engagement with 568,000 views on Facebook and 972 follows, plus 29,000 visitors to the parks website; managed 104 community lighting requests for the tower or downtown bridge to promote, honor and celebrate special messages from community members; hosted the Knox County Career Center AFJROTC Raider Competition; managed rentals of park pavilions and three event venues; established a sustainable lawn fertilization and weed prevention program for the park; and, partnered in improving area housing stock availability through transfer of 15 neighborhood property parcels to the Knox County Land Bank for future redevelopment in collaboration with Habitat for Humanity of Knox County.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $170,047
Program Service Revenue $0
Investment Income $0
Other Revenue $108,158
TOTAL REVENUE $278,205

Expense Breakdown

Grants Paid $146,650
Salaries & Benefits $84,101
Fundraising Expenses $0
Program Expenses $391,239
Other Expenses $193,104
TOTAL EXPENSES $423,855

Year-over-Year Comparison

2024 2023 Change
Revenue $278,205 $646,016 -0.6%
Expenses $423,855 $266,146 +0.6%
Net Income $-145,650 $379,870 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
N/A
Employees
8
Volunteers
98

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEN ODENWELLER Secretary 2.00
Officer Director
$0 $0 $0
NICK CLARK President 1.00
Officer Director
$0 $0 $0
JOSH MULLET Treasurer 1.00
Officer Director
$0 $0 $0
CHRIS HINER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HEITHAUS BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF SCOTT Vice President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $278,205 $423,855 $907,760 $-145,650
2023 $646,016 $266,146 $1,055,284 $379,870
2022 $347,346 $289,022 $1,019,115 $58,324
2021 $299,113 $161,368 $944,534 $137,745
2020 $189,227 $159,633 $623,977 $29,594
2019 $738,337 $474,361 $441,567 $263,976
2018 $649,093 $660,292 $27,591 $-11,199
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