PARTNERS FOR PARKS INC

EIN: 562004107 501(c)(3) Recreation & Sports

Charlotte, NC

Total Revenue
$192,598
Total Expenses
$121,146
Total Assets
$1,435,338
Net Assets
$1,435,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NC
Principal Officer
Al Brown
Phone
7049055546
Tax Period
2024-01-01 to 2024-12-31

PARTNERS FOR PARKS INC, founded in 1996, is a small nonprofit in the Recreation & Sports sector that reported $193K in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $71K, a strong 37% operating margin.

Mission

Partners for Parks promotes Parks, Greenways, Recreation Centers, Nature Centers, Open Spaces and recreation in neighborhoods throughout Charlotte, Mecklenburg County and the surrounding Region.

Program Service Accomplishments

Program 1
Expenses: $57,226 Revenue: $5,244

During 2024, Partners for Parks partnered with MCP&R and the City of Charlotte on multiple projects to enhance Parks and Recreation in Mecklenburg County. For many years we have supported the Annual...

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During 2024, Partners for Parks partnered with MCP&R and the City of Charlotte on multiple projects to enhance Parks and Recreation in Mecklenburg County. For many years we have supported the Annual MCP&R Senior Games held each Spring at various Park and Rec Facilities. Our support for the Senior Games in 2024 was $8,353 (income of $5,244). Also, during 2024, we worked with the City of Charlotte to establish a management organization to continue the enrichment of the Five Points Neighborhood and the Annual Five Points 5K Race in the underserved westside. We made a donation of $48,873 (the net proceeds that we had collected over the years) to establish this Neighborhood Management Non-Profit group.

Program 2
Expenses: $21,273 Revenue: $5,419

During 2024, JARVI Scholarships awarded scholarships to Park & Rec Professionals to attend Continuing Education Programs ($16,091). We also made a donation to NCRPA Scholarships for children and...

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During 2024, JARVI Scholarships awarded scholarships to Park & Rec Professionals to attend Continuing Education Programs ($16,091). We also made a donation to NCRPA Scholarships for children and youth to attend summer camps. This Scholarship Donation is a result of the Cabarrus ALP Annual Moonshine Golf Tournament held at Monroe Golf Club - 90% of Net Proceeds goes to the NCRPA Scholarship Fund (Income of $5,419 - Expenses of $3,047 = $2,372Net, 90% = $2,135 Donation to NCRPA Scholarship Fund).

Program 3
Expenses: $10,966 Revenue: $0

During 2024, Partners for Parks held our Annual Celebration where we recognized our Partner Sponsors and Friends. This Celebration was held at the recently renovated Pearl Street Park in the Brooklyn...

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During 2024, Partners for Parks held our Annual Celebration where we recognized our Partner Sponsors and Friends. This Celebration was held at the recently renovated Pearl Street Park in the Brooklyn Neighborhood near uptown Charlotte. City and County dignitaries joined our Board Members and MCP&R Leaders to Celebrate with our Annual Partner Sponsors and Friends in an evening of festivities, music and food/beverages to say, "Thank You".

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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 $118,834
Program Service Revenue $0
Investment Income $73,764
Other Revenue $0
TOTAL REVENUE $192,598

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $95,250
Other Expenses $121,146
TOTAL EXPENSES $121,146

Year-over-Year Comparison

2024 2023 Change
Revenue $192,598 $958,344 -0.8%
Expenses $121,146 $216,768 -0.4%
Net Income $71,452 $741,576 -0.9%
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
11
Independent Members
11
Employees
N/A
Volunteers
50

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Greg Austin Director 1
Director
$0 $0 $0
Lorna Allen Director 4.00
Director
$0 $0 $0
James Derrick Director 4.00
Director
$0 $0 $0
Christy Churchill Director 2.00
Director
$0 $0 $0
Alicia Rocco Director 4.00
Director
$0 $0 $0
Brian Bennett Director 2.00
Director
$0 $0 $0
Rachel Orn Director 5.00
Director
$0 $0 $0
Beth Poovey President 15
Officer
$0 $0 $0
Emily Condon Secretary 10
Officer
$0 $0 $0
Al Brown Treasurer 20
Officer
$0 $0 $0
Alvin Woods Assistant Treasurer 4.00
Officer
$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 $192,598 $121,146 $1,435,338 $71,452
2023 $958,344 $216,768 $1,363,886 $741,576
2022 $183,444 $94,003 $4,809,157 $89,441
2021 $155,752 $61,633 $4,719,716 $94,119
2020 $103,555 $87,884 $4,625,597 $15,671
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