Red Mountain Park Foundation FY2022 filing

Birmingham, ALUnknown exempt organization EIN 27-0950740Revenue $476K in FY2022

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

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Supports Red Mountain park's strategic vision

87¢ of each $1 spent went to programs.
$97K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 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
$2K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$476K
+25% vs prior year
Spent
$464K
To programs
87%
Net assets
$350K
By yearFY2020–FY2024
Revenue
$476K
FY2022▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$459K
FY2021$380K
FY2022$476K
FY2023$513K
FY2024$324K
Expenses
$464K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$339K
FY2021$434K
FY2022$464K
FY2023$473K
FY2024$228K
Net assets
$350K
FY2022▼ -37%
Tap a bar for its year
Net assets by fiscal year
FY2020$601K
FY2021$553K
FY2022$350K
FY2023$400K
FY2024$0

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

87 cents of each dollar spent went to programs.

Program services 87% · $405K Management & general 13% · $59K

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

16 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$97,400Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$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.

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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 · $405K · in their own filed words · FY2021
01

Support for red mountain greenway and recreational area

$405Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$476K
Ln 12
Gifts and grantsLn 1h$463K
Investment incomeLn 3$12K
Other incomeLn 4–11$414
Money outPt IX
$464K
Ln 25
Programscol B$405K
Managementcol C$59K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$142K
Total assetsLn 16$352K
LiabilitiesLn 26$2K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$463K
Fundraising eventsLn 1c$14K
Investment incomeLn 3$12K
Other incomeLn 4–11$414
Gains on assetsLn 7$11K
Total revenueLn 12$476K
Assets in detailPt X, end of year
CashLn 1$142K
Cash and savings togetherLn 1–2$142K
InvestmentsLn 11–13$88K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$352K
LiabilitiesLn 26$2K
Net assetsLn 32$350K
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 FY22End FY22
Cash and savingsLn 1–2$171K$142K
InvestmentsLn 11–13$107K$88K
Land, buildings, equipmentLn 10c$3K$12K
Total assetsLn 16$554K$352K
LiabilitiesLn 26$1K$2K
Net assetsLn 32$553K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$97K$88K$10K
Other salaries and wagesLn 7$166K$150K$17K
Pension plan contributionsLn 8$8K$7K$773
Other employee benefitsLn 9$29K$26K$3K
Payroll taxesLn 10$20K$18K$2K
Other fees for servicesLn 11g$98K$88K$10K
Advertising and promotionLn 12$763$763
Office expensesLn 13$4K$2K$3K
OccupancyLn 16$10K$5K$5K
TravelLn 17$50$50
Depreciation, depletion and amortizationLn 22$567$567
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$14K$8K$6K
All other expensesLn 24e$7K$5K$2K
Total functional expensesLn 25$464K$405K$59K$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 Viewing $476K$464K$12K$350K 990 PDF
FY2021 $380K$434K−$54K$553K 990 PDF
FY2020 $459K$339K$121K$601K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $475,783 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $322,616$463,323
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,183$12,046
I-11 Other revenuePrior year $51,362$414
I-12 Total revenuePrior year $380,161$475,783
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 $287,407$320,280
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $146,745$143,529
I-18 Total expensesPrior year $434,152$463,809
I-19 Revenue less expensesPrior year −$53,991$11,974
Part VI · Governance 15 of 15 board members independent, 4 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $475,783 across 9 lines filed
VIII-1b Membership dues$88,817
VIII-1c Fundraising events$14,367
VIII-1f All other contributions, gifts and grants$360,139
VIII-1h Total contributions, gifts and grants$463,323
VIII-3 Investment incomeExcluded from tax $1,487$1,487
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,559$10,559
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $414$414
VIII-12 Total revenueRelated to mission $414 · Unrelated business $0 · Excluded from tax $12,046$475,783
Part IX · Statement of functional expenses $463,809 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,660 · Management $9,740$97,400
IX-7 Other salaries and wagesPrograms $149,567 · Management $16,619$166,186
IX-8 Pension plan contributionsPrograms $6,951 · Management $773$7,724
IX-9 Other employee benefitsPrograms $25,925 · Management $2,881$28,806
IX-10 Payroll taxesPrograms $18,148 · Management $2,016$20,164
IX-11g Other fees for servicesPrograms $88,208 · Management $10,280$98,488
IX-12 Advertising and promotionPrograms $763$763
IX-13 Office expensesPrograms $1,523 · Management $2,736$4,259
IX-16 OccupancyPrograms $5,238 · Management $5,238$10,476
IX-17 TravelPrograms $50$50
IX-22 Depreciation, depletion and amortizationManagement $567$567
IX-23 InsurancePrograms $8,242$8,242
IX-24 Other expenses (24a–d)Programs $7,990 · Management $6,087$14,077
IX-24e All other expensesPrograms $4,763 · Management $1,844$6,607
IX-25 Total functional expensesPrograms $405,028 · Management $58,781 · Fundraising $0$463,809
Part X · Balance sheet $351,913 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $171,133$141,975
X-3 Pledges and grants receivableStart of year $273,573$110,000
X-10c Land, buildings and equipment, netStart of year $2,707$12,416
X-12 Other securitiesStart of year $106,812$87,522
X-16 Total assetsStart of year $554,225$351,913
X-17 Accounts payable and accrued expensesStart of year $1,228$1,829
X-26 Total liabilitiesStart of year $1,228$1,829
X-27 Net assets without donor restrictionsStart of year −$870,428−$140,676
X-28 Net assets with donor restrictionsStart of year $1,423,425$490,760
X-32 Total net assets or fund balancesStart of year $552,997$350,084
X-33 Total liabilities and net assetsStart of year $554,225$351,913
Part XI · Reconciliation of net assets $350,084 net assets at year end
XI-1 Total revenue$475,783
XI-2 Total expenses$463,809
XI-3 Revenue less expenses$11,974
XI-4 Net assets at start of year$552,997
XI-5 Net unrealized gains (losses) on investments−$30,164
XI-8 Prior period adjustments−$184,723
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,084

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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