Durham Central Park EIN 58-2222977 Form 990 (PDF) Claim this org

Durham Central Park FY2023 filing

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Develops a park in downtown Durham. For fiscal year 2023 it reported $279K in revenue, $304K in expenses, and $259K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Durham, NC
Website
durhamcentralpark.org
Filings
5 on file (2020–2023)
Revenue
$279KFY2023
Expenses
$304K
Net assets
$259K
People
23
Filings
5
Updates
0
More identity details & actions ⌄
EIN  58-2222977 Public charity (501(c)(3)) Durham, NC
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Develops a park in downtown Durham.
Leadership
Erin Kauffman · Executive Dir. · $68K
Money in and out
$279K revenue, $304K expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$279K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$26K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program efficiency
85%
of spending reaches programs
Operating runway
10.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$279K
FY2023▼ -3%
Expenses
$304K
FY2023▲ +13%
Total assets
$261K
FY2023▼ -5%
Total liabilities
$2K
FY2023▲ +46%
Total revenue
$279K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$26K
Total assetsPt X · Ln 16$261K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 323
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDurham Central Park
EINHdr · item D58-2222977
Principal addressHdr · item CDurham, NC
WebsiteHdr · item Jdurhamcentralpark.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20)
Ruling yearIRS BMFAug 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a23
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$68,500Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Erin Kauffman’s $71K as Executive Dir. is at the 92nd percentile of top reported officer pay among 168 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021
Erin Kauffman$70,777$68,500$62,750$62,166

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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Mission & Programs · Part III

Where the work happens

1 program service account for $259K of program spending, described in the organization's own filed words · FY2023.
01

Durham central park is an arts-themed, community-focused, park in downtown durham, north carolina. The park hosts several community events such as a food truck rodeo, playlist concert series, and the durham farmers market. The park also contains two areas that may be rented for private events.

$259Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$140K · 50%
Program service revenue$69K · 25%
Other revenue$64K · 23%
Investment income$5K · 2%
Contributions & grants50%$140K
Program service revenue25%$69K
Other revenue23%$64K
Investment income2%$5K
— government grantsLn 1e$27K
Total revenueLn 12$279K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.11 Fundraising $0.04
Program services85%$259K
Management & general11%$32K
Fundraising4%$13K
Total functional expensesLn 25$304K

Balance Sheet

Part X · end of year
CashLn 1$158K
Total assetsLn 16$261K
Total liabilitiesLn 26$2K
Total net assetsLn 32$259K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $261K · Operating expenses/yr $304K
10.3 months
Where the money goes
Program services
Program services $259K · Total expenses $304K
85%
Management & General
Management & general $32K · Total expenses $304K
11%
Fundraising
Fundraising $13K · Total expenses $304K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $128K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $279K
50%
Government reliance
Government grants $27K · Total revenue $279K
10%
Earned-income share
Program service revenue $69K · Total revenue $279K
25%
Investment reliance
Investment income $5K · Total revenue $279K
+2%
Program self-sufficiency
Program service revenue $69K · Total expenses $304K
23%
Growth & trend
Revenue growth (YoY)
This year $279K · Prior year $286K
-3%
Net-asset trend (YoY)
End of year $259K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $279K · Expenses $304K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $261K
Net-asset ratio
Net assets $259K · Total assets $261K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $102K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $261K
39%
People & payroll
Highest Reported Total Compensation
Individual Erin Kauffman · Reported title Executive Dir. · Highest reported compensation $68K · Total expenses $304K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $116K · Total expenses $304K
38%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 11%
Fundraising cost ratio 9%
Revenue growth -3%
Investment management fee ratio 0.4%
Legal fee ratio 0%
Accounting fee ratio 0.4%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$44K
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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
FY2024 (Latest)$378K revenue · ⤓ 990 PDF
FY2023$279K revenue · viewing · ⤓ 990 PDF
FY2022$286K revenue · ⤓ 990 PDF
FY2021$228K revenue · ⤓ 990 PDF
FY2020$267K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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