Red Mountain Park Foundation FY2021 filing

Birmingham, ALUnknown exempt organizationEIN 27-0950740Revenue $380K in FY2021

On file with the IRSredmountainpark.org281 Lyon Lane · Birmingham, AL

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Supports Red Mountain park's strategic vision

85¢ of each $1 spent went to programs.
$82K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $43K a year · 10% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$380K
-17% vs prior year
Spent
$434K
To programs
85%
Net assets
$553K
By yearFY2020–FY2024
Revenue
$380K
FY2021▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$459K
FY2021$380K
FY2022$476K
FY2023$513K
FY2024$324K
Expenses
$434K
FY2021▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$339K
FY2021$434K
FY2022$464K
FY2023$473K
FY2024$228K
Net assets
$553K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020$601K
FY2021$553K
FY2022$350K
FY2023$400K
FY2024$0

From the FY2021 Form 990 (year ending September 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $371K Management & general 15% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$82,400Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Tc McLemore$106,400$97,400$82,400$82,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Red Mountain Park Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps Red Mountain Park achieve its goals.

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Provided by the organization

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1 program · $371K · in their own filed words · FY2020
01

Support for red mountain greenway and recreational area

$371Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$31K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$380K
Ln 12
Gifts and grantsLn 1h$323K
Other incomeLn 4–11$51K
Investment incomeLn 3$6K
Money outPt IX
$434K
Ln 25
Programscol B$371K
Managementcol C$63K
Owns and owesPt X
$553K
net assets · Ln 32
Cash and savingsLn 1–2$171K
Total assetsLn 16$554K
LiabilitiesLn 26$1K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$323K
Fundraising eventsLn 1c$9K
Investment incomeLn 3$6K
Other incomeLn 4–11$51K
Gains on assetsLn 7$5K
Total revenueLn 12$380K
Assets in detailPt X, end of year
CashLn 1$171K
Cash and savings togetherLn 1–2$171K
InvestmentsLn 11–13$107K
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$554K
LiabilitiesLn 26$1K
Net assetsLn 32$553K
OperationsPt I, VI
EmployeesI 52
VolunteersI 614
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$173K$171K
InvestmentsLn 11–13$91K$107K
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$601K$554K
LiabilitiesLn 26$53$1K
Net assetsLn 32$601K$553K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$82K$74K$8K
Other salaries and wagesLn 7$149K$134K$15K
Pension plan contributionsLn 8$7K$6K$693
Other employee benefitsLn 9$31K$28K$3K
Payroll taxesLn 10$18K$16K$2K
Other fees for servicesLn 11g$82K$73K$9K
Advertising and promotionLn 12$2K$1K$229
Office expensesLn 13$930$126$804
OccupancyLn 16$40K$20K$20K
TravelLn 17$10$10
InterestLn 20$286$286
Depreciation, depletion and amortizationLn 22$315$315
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$11K$8K$3K
All other expensesLn 24e$3K$2K$1K
Total functional expensesLn 25$434K$371K$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $324K$228K$96K$0 990 PDF
FY2023 $513K$473K$39K$400K 990 PDF
FY2022 $476K$464K$12K$350K 990 PDF
FY2021 Viewing $380K$434K−$54K$553K 990 PDF
FY2020 $459K$339K$121K$601K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $380,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $409,573$322,616
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,169$6,183
I-11 Other revenuePrior year $45,548$51,362
I-12 Total revenuePrior year $459,290$380,161
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $259,218$287,407
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $79,508$146,745
I-18 Total expensesPrior year $338,726$434,152
I-19 Revenue less expensesPrior year $120,564−$53,991
Part VI · Governance 13 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $380,161 across 9 lines filed
VIII-1b Membership dues$107,414
VIII-1c Fundraising events$8,873
VIII-1f All other contributions, gifts and grants$206,329
VIII-1h Total contributions, gifts and grants$322,616
VIII-3 Investment incomeExcluded from tax $1,093$1,093
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,090$5,090
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $51,362$51,362
VIII-12 Total revenueRelated to mission $51,362 · Unrelated business $0 · Excluded from tax $6,183$380,161
Part IX · Statement of functional expenses $434,152 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $74,160 · Management $8,240$82,400
IX-7 Other salaries and wagesPrograms $134,149 · Management $14,905$149,054
IX-8 Pension plan contributionsPrograms $6,239 · Management $693$6,932
IX-9 Other employee benefitsPrograms $28,183 · Management $3,131$31,314
IX-10 Payroll taxesPrograms $15,936 · Management $1,771$17,707
IX-11g Other fees for servicesPrograms $73,448 · Management $8,640$82,088
IX-12 Advertising and promotionPrograms $1,349 · Management $229$1,578
IX-13 Office expensesPrograms $126 · Management $804$930
IX-16 OccupancyPrograms $19,921 · Management $19,921$39,842
IX-17 TravelManagement $10$10
IX-20 InterestManagement $286$286
IX-22 Depreciation, depletion and amortizationManagement $315$315
IX-23 InsurancePrograms $7,991$7,991
IX-24 Other expenses (24a–d)Programs $7,599 · Management $3,197$10,796
IX-24e All other expensesPrograms $1,741 · Management $1,168$2,909
IX-25 Total functional expensesPrograms $370,842 · Management $63,310 · Fundraising $0$434,152
Part X · Balance sheet $554,225 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $173,155$171,133
X-3 Pledges and grants receivableStart of year $333,323$273,573
X-10c Land, buildings and equipment, netStart of year $3,023$2,707
X-12 Other securitiesStart of year $91,150$106,812
X-16 Total assetsStart of year $600,651$554,225
X-17 Accounts payable and accrued expensesStart of year $53$1,228
X-26 Total liabilitiesStart of year $53$1,228
X-27 Net assets without donor restrictionsStart of year −$718,039−$870,428
X-28 Net assets with donor restrictionsStart of year $1,318,637$1,423,425
X-32 Total net assets or fund balancesStart of year $600,598$552,997
X-33 Total liabilities and net assetsStart of year $600,651$554,225
Part XI · Reconciliation of net assets $552,997 net assets at year end
XI-1 Total revenue$380,161
XI-2 Total expenses$434,152
XI-3 Revenue less expenses−$53,991
XI-4 Net assets at start of year$600,598
XI-5 Net unrealized gains (losses) on investments$10,390
XI-8 Prior period adjustments−$4,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$552,997

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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