LOUISVILLE OLMSTED PARKS CONSERVANCY IN

EIN: 611196368 501(c)(3) Unknown

LOUISVILLE, KY

Total Revenue
$2,262,605
Total Expenses
$2,491,063
Total Assets
$6,577,740
Net Assets
$6,518,522
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
KY
Principal Officer
MARY GRISSOM
Phone
5024568125
Tax Period
2024-01-01 to 2024-12-31

LOUISVILLE OLMSTED PARKS CONSERVANCY IN, founded in 1989, is a community nonprofit in the Unknown sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 10% operating deficit.

Mission

RESTORING, ENHANCING AND FOREVER PROTECTING LOUISVILLE'S OLMSTED-DESIGNED PARKS AND PARKWAYS, CONNECTING NATURE AND NEIGHBORHOOD WHILE STRENGTHENING THE COMMUNITY'S WELL-BEING.

Program Service Accomplishments

Program 1
Expenses: $1,403,909

THE CONSERVANCY RAISES FUNDS EACH YEAR FOR MAJOR DEVELOPMENT PROJECTS TO ENHANCE OUR PARKS. FUNDS RAISED HAVE BEEN USED TO REFURBISH THE ENTRANCES TO CENTRAL PARK. WE COMPLETED AN OUTDOOR STAGE IN...

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THE CONSERVANCY RAISES FUNDS EACH YEAR FOR MAJOR DEVELOPMENT PROJECTS TO ENHANCE OUR PARKS. FUNDS RAISED HAVE BEEN USED TO REFURBISH THE ENTRANCES TO CENTRAL PARK. WE COMPLETED AN OUTDOOR STAGE IN TYLER PARK. WE CONTINUED OUR TRAIL RESTORATION WORK IN IROQUOIS, CHEROKEE AND SENECA PARKS. WE COMPLETED WORK ON A MAJOR RENOVATION OF ELLIOTT PARK. THESE FUNDS ARE ALSO USED FOR CAPACITY BUILDING THROUGH CONTINUING OUR TEAM FOR HEALTHY PARKS CREW WORK IN ECOLOGICAL RESTORATION, WOODLANDS MANAGEMENT AND HORTICULTURE.

Program 2
Expenses: $170,757

THE CONSERVANCY WORKS TO CONNECT NEIGHBORS AND COMMUNITIES TO OUR PARKS THROUGH SPECIAL EVENTS AND A PARK STEWARD PROGRAM OF VOLUNTEERS TO HELP MAINTAIN THE GREENSPACE AND WOODLANDS.

Program 3
Expenses: $99,335

THROUGH ADVERTISING, SOCIAL MEDIA AND OUR ANNUAL REPORT, THE CONSERVANCY WORKS TO KEEP THE COMMUNITY INFORMED OF CHANGES TO OUR PARKS SUCH AS ROAD CLOSURES IN CHEROKEE PARK, NATURAL SURFACES TRAIL...

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THROUGH ADVERTISING, SOCIAL MEDIA AND OUR ANNUAL REPORT, THE CONSERVANCY WORKS TO KEEP THE COMMUNITY INFORMED OF CHANGES TO OUR PARKS SUCH AS ROAD CLOSURES IN CHEROKEE PARK, NATURAL SURFACES TRAIL WORK IN IROQUOIS AND SENECA, MAJOR RENOVATION AND REVITALIZATION PROJECTS IN ELLIOTT, CENTRAL, BEARGRASS PRESERVE, TYLER PARK AND GAULBERT PAVILION. WE ALSO SHARE INFORMATION ON HOW WE ARE BEING GOOD STEWARDS OF THE FUNDS CONTRIBUTED FOR PARK ENGAGEMENT AND ON-GOING RESTORATION.

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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 $1,882,756
Program Service Revenue $0
Investment Income $371,600
Other Revenue $8,249
TOTAL REVENUE $2,262,605

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,192,300
Fundraising Expenses $282,436
Program Expenses $1,674,001
Other Expenses $1,298,763
TOTAL EXPENSES $2,491,063

Year-over-Year Comparison

2024 2023 Change
Revenue $2,262,605 $2,674,088 -0.2%
Expenses $2,491,063 $2,907,335 -0.1%
Net Income $-228,458 $-233,247 0.0%
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
24
Independent Members
24
Employees
18
Volunteers
576

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
5
$206,860
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUMMER AUERBACH TRUSTEE 0.10
Officer Director
$0 $0 $0
GWEN TILTON TRUSTEE, CHAIR 0.10
Officer Director
$0 $0 $0
FAITH CRUMP TRUSTEE, TREASURER 0.10
Officer Director
$0 $0 $0
EARL F JONES TRUSTEE, SECRETARY 0.10
Officer Director
$0 $0 $0
CATRINA ANKENBRAND TRUSTEE 0.10
Director
$0 $0 $0
JERRY BROWN TRUSTEE 0.10
Director
$0 $0 $0
NANCY BUSH TRUSTEE 0.10
Director
$0 $0 $0
IFY WHITFILL TRUSTEE 0.10
Director
$0 $0 $0
WENDE COSBY TRUSTEE 0.10
Director
$0 $0 $0
SHIREEN DEOBHAKTA TRUSTEE 0.10
Director
$0 $0 $0
W DAVID DUNN TRUSTEE 0.10
Director
$0 $0 $0
CAROLINE HEINE TRUSTEE 0.10
Director
$0 $0 $0
JOHN V HAYES TRUSTEE, VICE CHAIR 0.10
Director
$0 $0 $0
ROBERT CONROY TRUSTEE 0.10
Director
$0 $0 $0
HOLLI HIGHFIELD LEWIS TRUSTEE 0.10
Director
$0 $0 $0
CONOR O'DRISCOLL TRUSTEE 0.10
Director
$0 $0 $0
SCOTT OSBOURNE TRUSTEE 0.10
Director
$0 $0 $0
MICHAEL PITT TRUSTEE 0.10
Director
$0 $0 $0
ANUJ RASTOGI TRUSTEE 0.10
Director
$0 $0 $0
OLIVER ROE TRUSTEE 0.10
Director
$0 $0 $0
ANDREW MAYS TRUSTEE 0.10
Director
$0 $0 $0
CHARLES W SCHNATTER TRUSTEE 0.10
Director
$0 $0 $0
JON SALOMON TRUSTEE 0.10
Director
$0 $0 $0
CHRISTI LANIER-ROBINSON TRUSTEE 0.10
Director
$0 $0 $0
LAYLA K GEORGE PRESIDENT/CEO 40.00
Officer
$196,000 $10,860 $206,860
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 $2,262,605 $2,491,063 $6,577,740 $-228,458
2023 $2,674,088 $2,907,335 $7,468,243 $-233,247
2022 $2,368,958 $2,162,381 $10,069,448 $206,577
2021 $10,818,959 $1,767,371 $14,228,413 $9,051,588
2020 $2,792,628 $1,438,845 $4,746,392 $1,353,783
2019 $1,406,705 $2,667,483 $3,741,185 $-1,260,778
2018 $733,795 $2,066,108 $5,227,246 $-1,332,313
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