The Parklands of Floyds Fork
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
The Parklands of Floyds Fork meets the 20 Standards for Charity Accountability.
Stated Purpose:
The Parklands of Floyds Fork serves as stewards entrusted to preserve and sustain unexcelled parklands that reflect the needs and values of the whole community. The nonprofit’s goal is to operate and maintain a world-class park system that enhances quality of life and helps the community and economy grow in ways that are healthful, sustainable, and enjoyable for people of all ages and abilities, now and 100 years from now.
Year, State Incorporated:
2004, KY
Also Known As:
21st Century Parks, Inc.
The Parklands of Floyds Fork works daily to deliver a safe, clean, fun, and beautiful park experience 365 days a year, free for everyone to enjoy. The Parklands staff maintain the parks to world-class standards, enhancing the quality of life for the people in the region by providing valuable outdoor recreation opportunities for people of all ages and abilities. Walking, hiking, and running are some of the most accessible activities for improving health, exploring the park, and experiencing nature. Families of all ages enjoy the playground amenities. Anglers can cast their lines in lakes, ponds, and along Floyds Fork year-round, which are periodically stocked with game fish. Paddlers can drift 20 miles along the Fork, the only water trail of its kind in the area. Paved paths, park roads, and rugged dirt trails offer great biking experiences. Sports fields offer fun for all ages, providing open spaces for a variety of activities. Gardeners get their hands dirty in the community gardens. In addition, ranger-led interpretive hikes and tours each month explore the places and stories of The Parklands.
For the year ended December 31, 2023, The Parklands of Floyds Fork's program expenses were:
| Park Operations and Horticulture | $5,682,958 |
| Facilities and Events | $479,715 |
| Education | $541,440 |
| Total Program Expenses | $6,704,113 |
Chief Executive
David Morgan, President
Chair of the Board
Mr. Daniel H. Jones
Chair's Profession / Business Affiliation
Board Size
11
Paid Staff Size
61
Method(s) Used:
Direct mail appeals, Door-to-door solicitation, Special events, Corporate solicitation, Foundation grants, Grant proposals, Internet, Radio
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on The Parklands of Floyds Fork's audited financial statements for the year ended December 31, 2023.
Source of Funds
| Net investment return | $6,243 |
| Other revenues | $16,284 |
| Program fees | $223,250 |
| Employee retention tax credit | $251,263 |
| Facility and events revenues | $621,971 |
| Special events | $1,132,271 |
| Contributions | $2,674,002 |
| Nonfinancial contributions | $3,169,739 |
| Grants | $4,526,500 |
| Total Income | $12,621,523 |
Programs: 84% Fundraising: 10% Administrative: 6%
| Total Income | $12,621,523 |
| Total expenses: | $8,027,476 |
| Program expenses | $6,704,113 |
| Fundraising expenses | $826,970 |
| Administrative expenses | $496,393 |
| Other expenses | $0 |
| Income in Excess of Expenses | $4,594,047 |
| Beginning Net Assets | $92,863,287 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $97,457,334 |
| Total Liabilities | $348,055 |
| Total Assets | $97,805,389 |
Total assets as reported above include $94,539,524 in park assets and equipment, net.
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Report completed by:
BBB serving Greater Kentucky and South Central Indiana