Olmsted Parks Conservancy
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
Olmsted Parks Conservancy meets the 20 Standards for Charity Accountability.
Stated Purpose:
Olmsted Parks Conservancy’s mission is to restore, enhance, and forever protect Louisville’s Olmsted-designed parks and parkways, connecting nature and neighborhood while strengthening the community’s well-being. Its vision is to elevate its parks to bring the restorative power of nature to all.
Year, State Incorporated:
1989, KY
Olmsted Parks Conservancy raises funds for capital investments in the historic Olmsted Parks System. It further enhances Louisville’s Olmsted-designed parks and parkways through advocacy, park activation and programs, and biodiversity work that promotes sustainable natural areas. Since its inception, the nonprofit has overseen over $50 million of investment into the Olmsted Park system. The scope of work includes the Team for Healthy Parks, a crew that promotes biodiversity and enhances park amenities. Initiatives include invasive species removal, wildlife studies, tree plantings, and more. The team builds on the basic park maintenance conducted by Louisville Parks and Recreation to ensure that Olmsted-designed parks are the premier parks in Louisville and maintained at a higher level that would be possible with the parks department alone. Olmsted Parks Conservancy also engages in advocacy, working with government agencies and neighborhood groups to ensure that Olmsted parks serve the unique needs of each community. Programs include park activation events that make the parks vibrant and welcoming. The nonprofit values diversity in all its forms for the same reason the organization values biodiversity in the parks: it makes communities more resilient, sustainable, and vibrant. Olmsted Parks are an intrinsic part of Louisville, and, as an organization striving for inclusivity, it commits to fostering diversity and respect both in nature and neighborhoods.
For the year ended December 31, 2023, Olmsted Parks Conservancy's program expenses were:
| Program development | $1,972,085 |
| Public programs and events | $197,145 |
| Community awareness | $97,647 |
| Total Program Expenses | $2,266,877 |
Chief Executive
Mary Grissom, CEO
Chair of the Board
Ms. Gwen Tilton
Chair's Profession / Business Affiliation
Retired, Dean Dorton
Board Size
24
Paid Staff Size
14
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 Olmsted Parks Conservancy's audited financial statements - consolidated for the year ended December 31, 2023.
Source of Funds
| Contributions of cash and other financial assets | $2,161,318 |
| Investment return, net | $382,668 |
| Federal grant award | $284,000 |
| Fundraising events | $41,399 |
| Nonfinancial in-kind contributions | $37,405 |
| Other | $17,581 |
| Total Income | $2,924,371 |
Programs: 78% Fundraising: 7% Administrative: 15%
| Total Income | $2,924,371 |
| Total expenses: | $2,902,576 |
| Program expenses | $2,266,877 |
| Fundraising expenses | $196,619 |
| Administrative expenses | $439,080 |
| Other expenses | $0 |
| Income in Excess of Expenses | $21,795 |
| Beginning Net Assets | $6,732,362 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $6,754,157 |
| Total Liabilities | $714,086 |
| Total Assets | $7,468,245 |
Total assets as reported above include $253,648 in property and equipment, net.
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Review in Progress
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Report completed by:
BBB serving Greater Kentucky and South Central Indiana