Greenspace INC EIN 23-7419940 Form 990 (PDF) Claim this org

Greenspace INC

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Preserves local nature and builds trails for recreation. For fiscal year 2025 it reported $63K in revenue, $122K in expenses, and $1.4M in net assets.Pt I

Founded
1975
Type
Public charity (501(c)(3)) · Environment
Location
Elizabethtown, KY
Website
greenspaceky.com
Filings
6 on file (2020–2025)
Revenue
$63KFY2025
Expenses
$122K
Net assets
$1.4M
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7419940 Public charity (501(c)(3)) Elizabethtown, KY Founded 1975
Form 990 (PDF)
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Size
<$100K
What they do
Preserves local nature and builds trails for recreation.
Leadership
Lori Timbers · Director
Money in and out
$63K revenue, $122K expenses
Bottom line
95% program efficiency
Where the money goes · FY2025
Total revenue
$63K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$59K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs▲ +45% vs prior filing year
Operating runway
139.2mo
months of highly liquid reserves at operating expense rate▼ -81% vs prior filing year
Surplus margin
-92%
revenue over expenses, this year▼ -241% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$63K
FY2025▲ +4%
Expenses
$122K
FY2025▲ +481%
Total assets
$1.4M
FY2025▲ +9%
Total liabilities
$0
FY2025
Total revenue
$63K
Pt VIII · Ln 12
Total expenses
$122K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$59K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGreenspace INC
EINHdr · item D23-7419940
Principal addressHdr · item CElizabethtown, KY
WebsiteHdr · item Jgreenspaceky.com
Year of formationHdr · item L1975
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C500)
Ruling yearIRS BMFApr 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $116K of program spending, described in the organization's own filed words · FY2025.
01

Trail planning & development

$102Kprogram expense
02

Trail and bridge maintenance.

$14Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$46K · 72%
Investment income$23K · 37%
Contributions & grants72%$46K
Investment income37%$23K
— government grantsLn 1e$25K
Total revenueLn 12$63K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$116K
Management & general5%$6K
Total functional expensesLn 25$122K

Balance Sheet

Part X · end of year
CashLn 1$37K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.4M
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $122K
139.2 months
Where the money goes
Program services
Program services $116K · Total expenses $122K
95%
Management & General
Management & general $6K · Total expenses $122K
5%
Fundraising
Fundraising $0 · Total expenses $122K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $140 · Solicited contributions (3-yr avg) $36K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $46K · Total revenue $63K
72%
Government reliance
Government grants $25K · Total revenue $63K
39%
Earned-income share
Program service revenue $0 · Total revenue $63K
0%
Investment reliance
Investment income $23K · Total revenue $63K
+37%
Program self-sufficiency
Program service revenue $0 · Total expenses $122K
0%
Growth & trend
Revenue growth (YoY)
This year $63K · Prior year $61K
+4%
Revenue CAGR
FY2020 $54K · FY2025 $63K
+3%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $63K · Expenses $122K
-92%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
Net-asset ratio
Net assets $1.4M · Total assets $1.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
96%
People & payroll
Highest Reported Total Compensation
Individual Lori Timbers · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $122K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $122K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Revenue growth 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$10K
See all 3 funders →
Grants paid · 1 grant · $50K · 2021–2021
City of ElizabethtownFY2021$50,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$63K revenue · viewing · ⤓ 990 PDF
FY2024$61K revenue · ⤓ 990 PDF
FY2023$57K revenue · ⤓ 990 PDF
FY2022$48K revenue · ⤓ 990 PDF
FY2021$49K revenue · ⤓ 990 PDF
FY2020$54K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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