RED MOUNTAIN PARK FOUNDATION

EIN: 270950740 501(c)(3)

BIRMINGHAM, AL

Total Revenue
$512,510
Total Expenses
$473,303
Total Assets
$704,094
Net Assets
$399,859
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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
AL
Principal Officer
FOSTER HYDE
Phone
2052026043
Tax Period
2022-10-01 to 2023-09-30

THE RED MOUNTAIN PARK FUND INC, founded in 2009, is a small nonprofit that reported $598K in total revenue in fiscal year 2017. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $977K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE RED MOUNTAIN PARK FOUNDATION SERVES AS THE FUNDRAISING CATALYST FOR RED MOUNTAIN PARK, A 501(C)(3) WHOSE MISSION IS "TO CONNECT OUR COMMUNITIES BY RECLAIMING THE LAND WHERE BIRMINGHAM BEGAN, UNITING US ALL ON THE PATH TOWARD A HEALTHIER FUTURE." THE FOUNDATION SUPPORTS RED MOUNTAIN PARK'S STRATEGIC VISION "TO BE A SELF-SUSTAINING, AWARD-WINNING PARK" IN THE CITY RED MOUNTAIN PARK IS HELPING REDEFINE THROUGH GREENSPACE DEVELOPMENT.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $507,957
Program Service Revenue $0
Investment Income $3,946
Other Revenue $607
TOTAL REVENUE $512,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,239
Fundraising Expenses $0
Program Expenses $202,813
Other Expenses $166,064
TOTAL EXPENSES $473,303

Year-over-Year Comparison

2022 2021 Change
Revenue $512,510 $475,783 +0.1%
Expenses $473,303 $463,809 +0.0%
Net Income $39,207 $11,974 +2.3%
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
14
Independent Members
14
Employees
4
Volunteers
N/A

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
1
$0
Total Directors
15
$106,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY RAUWORTH BOARD MEMBER 1.00
Director
$0 $0 $0
BECKY PATTERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CAMERON VOWELL BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS ALEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
CARMEN MAYS BOARD MEMBER 1.00
Director
$0 $0 $0
CLAIRE VAUGHN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HICKS BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH GOODRICH BOARD MEMBER 1.00
Director
$0 $0 $0
FOSTER HYDE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JAY PIGFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JOANICE THOMPSON BOARD MEMBER 1.00
Director
$0 $0 $0
KANDACE HAMILTON BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELE FORMAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHARONDA FANCHER BOARD MEMBER 1.00
Director
$0 $0 $0
TC MCLEMORE EXECUTIVE DIRECTOR 40.00
Director
$106,400 $0 $106,400
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 No data No data No data No data
2023 $512,510 $473,303 $704,094 $39,207
2022 $475,783 $463,809 $351,913 $11,974
2021 $380,161 $434,152 $554,225 $-53,991
2020 $459,290 $338,726 $600,651 $120,564
2018 $597,618 $977,344 $930,759 $-379,726
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