Red Mountain Park Foundation FY2023 filing

Birmingham, ALUnknown exempt organization EIN 27-0950740Revenue $513K in FY2023

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

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Supports Red Mountain park's strategic vision

43¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.4 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
$304K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
+8% vs prior year
Spent
$473K
To programs
43%
Net assets
$400K
By yearFY2020–FY2024
Revenue
$513K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2020$459K
FY2021$380K
FY2022$476K
FY2023$513K
FY2024$324K
Expenses
$473K
FY2023▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$339K
FY2021$434K
FY2022$464K
FY2023$473K
FY2024$228K
Net assets
$400K
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$601K
FY2021$553K
FY2022$350K
FY2023$400K
FY2024$0

From the FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 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

43 cents of each dollar spent went to programs.

Program services 43% · $203K Management & general 57% · $270K

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

15 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$106,400Pt 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 · $203K · in their own filed words · FY2022
01

Support for red mountain greenway and recreational area

$203Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$513K
Ln 12
Gifts and grantsLn 1h$508K
Investment incomeLn 3$4K
Other incomeLn 4–11$607
Money outPt IX
$473K
Ln 25
Programscol B$203K
Managementcol C$270K
Owns and owesPt X
$400K
net assets · Ln 32
Cash and savingsLn 1–2$411K
Total assetsLn 16$704K
LiabilitiesLn 26$304K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$508K
Fundraising eventsLn 1c$14K
Investment incomeLn 3$4K
Other incomeLn 4–11$607
Gains on assetsLn 7−$667
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$411K
Cash and savings togetherLn 1–2$411K
InvestmentsLn 11–13$97K
Land, buildings, equipmentLn 10c$42K
Total assetsLn 16$704K
LiabilitiesLn 26$304K
Net assetsLn 32$400K
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 FY23End FY23
Cash and savingsLn 1–2$142K$411K
InvestmentsLn 11–13$88K$97K
Land, buildings, equipmentLn 10c$12K$42K
Total assetsLn 16$352K$704K
LiabilitiesLn 26$2K$304K
Net assetsLn 32$350K$400K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$106K$54K$52K
Other salaries and wagesLn 7$151K$78K$73K
Pension plan contributionsLn 8$8K$4K$4K
Other employee benefitsLn 9$22K$10K$12K
Payroll taxesLn 10$20K$10K$10K
Investment management feesLn 11f$963$963
Other fees for servicesLn 11g$109K$15K$95K
Advertising and promotionLn 12$3K$3K
TravelLn 17$3K$3K$84
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$11K$1K$10K
Other expenses (24a–d)Ln 24$22K$14K$8K
All other expensesLn 24e$15K$11K$5K
Total functional expensesLn 25$473K$203K$270K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $324K$228K$96K$0 990 PDF
FY2023 Viewing $513K$473K$39K$400K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $512,510 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $463,323$507,957
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $12,046$3,946
I-11 Other revenuePrior year $414$607
I-12 Total revenuePrior year $475,783$512,510
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 $320,280$307,239
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $143,529$166,064
I-18 Total expensesPrior year $463,809$473,303
I-19 Revenue less expensesPrior year $11,974$39,207
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
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 $512,510 across 9 lines filed
VIII-1b Membership dues$50,979
VIII-1c Fundraising events$13,603
VIII-1f All other contributions, gifts and grants$443,375
VIII-1h Total contributions, gifts and grants$507,957
VIII-3 Investment incomeExcluded from tax $4,613$4,613
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$667−$667
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $607$607
VIII-12 Total revenueRelated to mission $607 · Unrelated business $0 · Excluded from tax $3,946$512,510
Part IX · Statement of functional expenses $473,303 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,264 · Management $52,136$106,400
IX-7 Other salaries and wagesPrograms $78,020 · Management $73,080$151,100
IX-8 Pension plan contributionsPrograms $4,094 · Management $3,631$7,725
IX-9 Other employee benefitsPrograms $10,088 · Management $12,227$22,315
IX-10 Payroll taxesPrograms $10,120 · Management $9,579$19,699
IX-11f Investment management feesManagement $963$963
IX-11g Other fees for servicesPrograms $14,749 · Management $94,681$109,430
IX-12 Advertising and promotionPrograms $3,133$3,133
IX-17 TravelPrograms $3,115 · Management $84$3,199
IX-22 Depreciation, depletion and amortizationManagement $1,284$1,284
IX-23 InsurancePrograms $1,016 · Management $9,642$10,658
IX-24 Other expenses (24a–d)Programs $13,639 · Management $8,329$21,968
IX-24e All other expensesPrograms $10,575 · Management $4,854$15,429
IX-25 Total functional expensesPrograms $202,813 · Management $270,490 · Fundraising $0$473,303
Part X · Balance sheet $704,094 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $141,975$411,305
X-3 Pledges and grants receivableStart of year $110,000$154,064
X-10c Land, buildings and equipment, netStart of year $12,416$41,611
X-12 Other securitiesStart of year $87,522$97,114
X-16 Total assetsStart of year $351,913$704,094
X-17 Accounts payable and accrued expensesStart of year $1,829$4,235
X-25 Other liabilitiesStart of year $0$300,000
X-26 Total liabilitiesStart of year $1,829$304,235
X-27 Net assets without donor restrictionsStart of year −$140,676−$444,965
X-28 Net assets with donor restrictionsStart of year $490,760$844,824
X-32 Total net assets or fund balancesStart of year $350,084$399,859
X-33 Total liabilities and net assetsStart of year $351,913$704,094
Part XI · Reconciliation of net assets $399,859 net assets at year end
XI-1 Total revenue$512,510
XI-2 Total expenses$473,303
XI-3 Revenue less expenses$39,207
XI-4 Net assets at start of year$350,084
XI-5 Net unrealized gains (losses) on investments$10,568
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$399,859

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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