2025-01-15T13:01:26-05:00 2024-06-30 621170651 BROWN JAKE & MCDANIEL PC 2607 KINGSTON PIKE SUITE 110 KNOXVILLE TN 379193336 990 2023-07-01 621648241 LAKESHORE PARK CONSERVANCY LAKE 8652151722 PO BOX 10244 KNOXVILLE TN 379390244 THOMAS N MCADAMS SECRETARY/TREASURER 8655468030 2025-01-08 true true JAMES E BOOHER CPA P00286127 8656378600 2025-01-15 2023 2024-10-15 13:58:12Z THOMAS N MCADAMS PO BOX 10244 KNOXVILLE TN 379390244 18280822 false X LAKESHOREPARKKNOXVILLE.ORG X 1996 TN DEVELOPMENT, CONSTRUCTION, AND OPERATION OF PARK, INCLUDING CONSTRUCTION OF FACILITIES IN ACCORDANCE WITH THE CORPORATION'S COMMUNITY OBJECTIVE OF PROVIDING PUBLIC RECREATION FACILITIES. 8 8 6 30 0 13252664 16059734 0 5052 -8448 196803 156956 13454519 16208242 1449420 0 240503 324726 0 29878 115938 171589 356441 1945735 13098078 14262507 34544110 48661049 3077860 2932292 31466250 45728757 DEVELOPMENT, CONSTRUCTION, AND OPERATION OF PARK, INCLUDING CONSTRUCTION OF FACILITIES IN ACCORDANCE WITH THE CORPORATION'S COMMUNITY OBJECTIVE OF PROVIDING PUBLIC RECREATION FACILITIES. false false 1724502 1449420 TO PROVIDE PLANNING, DEVELOPMENT, CONSTRUCTION, AND ADMINISTRATION FOR THE PARK FACILITIES IN ACCORDANCE WITH ITS COMMUNITY OBJECTIVE OF PROVIDING RECREATION FACILITIES. IN FISCAL YEAR 2023, THE ORGANIZATION INCURRED AN ADDITIONAL 18,756,524 OF PROJECT EXPENDITURES RELATED TO THE DEVELOPMENT OF THE PARK. THESE EXPENDITURES ARE CONSIDERED PROGRAM RELATED, HOWEVER, THESE ARE CAPITALIZED AS PROGRAM CONSTRUCTION COSTS ON THE BALANCE SHEET UNTIL PROJECT COMPLETION. UPON COMPLETION OF EACH PROJECT, IT IS CONVEYED TO THE CITY OF KNOXVILLE AND RECOGNIZED AS PROGRAM EXPENSE. DURING FISCAL YEAR 2024, A PROJECT WAS COMPLETED AT A COST OF 1,449,420. 1724502 true true false false false false false false false false true false false true true true true false false false false false false false true false false true false false false false false false false false false false false false false false false false false false false true 8 0 6 true false false false false false false false false false false false false X 8 8 true false false false false false false true true false false true false false false false false false TN X THOMAS N MCADAMS 8652151722 PO BOX 10244 KNOXVILLE TN 379390244 X SUSAN B HASLAM CHAIRMAN & P X X 0 0 0 CHARLES ANDERSON JR VICE PRESIDE X X 0 0 0 L CAESAR STAIRIII VICE PRESIDE X X 0 0 0 THOMAS N MCADAMS SECRETARY/TR X X 0 0 0 JAMES A HASLAMIII DIRECTOR X 0 0 0 JOE ARMSTRONG DIRECTOR X 0 0 0 MARGARET RITCHIE DIRECTOR X 0 0 0 INDYA KINCANNON DIRECTOR X 0 0 0 false false false DENARK CONSTRUCTION INC 1635 WESTERN AVENUE KNOXVILLE TN 37921 CONSTRUCTION 15275623 GREAT SOUTHERN RECREATION 2441Q OLD FORT PARKWAY 462 MURFREESBORO TN 37128 PLAYGROUND EQP. 1385206 NELSONBYRDWOLTZ LANDSCAPING ARCHIT 310 EAST MARKET STREET CHARLOTTESVILLE VA 22902 DESIGN WORK 863201 PARTNERS DEVELOPMENT 520 W SUMMIT HILL DRIVE SW 603 KNOXVILLE TN 37902 PROJECT MGMT 296070 GROPEN INC 1766 SCOTTSVILLE RD A CHARLOTTESVILLE VA 22902 SIGNAGE 140575 7 96938 2113931 13848865 16059734 18719 18719 142514 142514 142514 142514 2028038 2055205 -27167 -27167 -27167 31546 96938 17375 14171 14171 MISCELLANEOUS REVENUE 271 271 271 16208242 115347 33161 1449420 1449420 287168 180996 80923 25249 16738 10549 4717 1472 20820 13129 4534 3157 30083 30083 26221 26221 11882 11882 9654 9654 10439 10439 GROUNDS MAINTENANCE 45411 45411 FACILITIES MAINTENANCE 24997 24997 OTHER EXPENSES 12902 12902 1945735 1724502 191355 29878 2463088 4035821 852054 1095631 7326097 3301064 180733 40431 143474 140302 1007640 22751757 40088231 34544110 48661049 2229359 1314936 848501 1617356 3077860 2932292 X 23609096 39951675 7857154 5777082 31466250 45728757 34544110 48661049 X 14262507 X false true X true false X 313768 258934 5867716 5574707 2917933 14933058 313768 258934 5867716 5574707 2917933 14933058 29306 14903752 44788 141479 152192 198178 161233 697870 185 130 1647 1384 271 3617 15634545 0.95330 0.94670 X PART II, LINE 10 MISCELLANEOUS REVENUE 3,617 SUPPLEMENTAL INFORMATION UNUSUAL CONTRIBUTIONS: 2019 2020 2021 2022 2023 -------- ----------- ------ ----------- ----------- DONOR 5,000,000 7,677,957 13,141,801 NPV ADJUSTMENT (172,108) DONOR 5,000,000 NPV ADJUSTMENT (172,108) DONOR 1,076,630 ----------- ----------- ----------- TOTAL 10,732,414 7,677,957 13,141,801 =========== =========== =========== RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 101004 101004 79729 40431 39298 140302 PROGRAM CONSTRUCTION COSTS 40057263 OTHER ASSETS 30968 40088231 CONSTRUCTION RETAINAGE PAYABLE 1588271 RENTAL SECURITY DEPOSITS 29085 1617356 X 16252784 44542 44542 16208242 16208242 1990277 44542 44542 1945735 1945735 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE AND DID NOT CONDUCT ANY UNRELATED BUSINESS ACTIVITIES. THEREFORE, THE ORGANIZATION HAS MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION'S FORMS 990 ARE SUBJECT TO EXAMINATION BY THE TAXING AUTHORITIES. NO PERIODS ARE UNDER EXAMINATION, AND OPEN RETURN YEARS PER STATUTE ARE FOR THE FISCAL YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024. SCHEDULE D, PAGE 4, PART XI, LINE 2D SPECIAL EVENTS EXPENSES 17,375 LOSS ON SALE OF STOCK 27,167 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENTS EXPENSES 17,375 LOSS ON SALE OF STOCK 27,167 PICNIC IN THE P 72054 43202 28852 9811 LIGHT UP LAKESH 56430 53736 2694 7564 128484 96938 31546 17375 17375 14171 true CITY OF KNOXVILLE 400 MAIN STREET KNOXVILLE TN 37902 GOV 1449420 COST PARK IMPROVEMEN RECREATION 1 SCHEDULE I, PAGE 1, PART I, LINE 2 LAKESHORE PARK CONSERVANCY IS RESPONSIBLE FOR THE CONSTRUCTION OF VARIOUS PARK IMPROVMENTS AT LAKESHORE PARK, PART OF THE CITY OF KNOXVILLE, TENNESSEE'S PARKS SYSTEM. ONCE PROJECTS ARE COMPLETED, THEY ARE GRANTED TO THE CITY. FORM 990, PAGE 1, PART I, LINE 6 THE CORPORATION HAD SIX EMPLOYEES DURING THE YEAR AND ALL OTHER DIRECT SERVICES ARE PROVIDED BY VOLUNTEERS, INCLUDING GENERAL GOVERNANCE; MANAGEMENT OF RELATIONSHIPS WITH THE CITY OF KNOXVILLE AND THE STATE OF TENNESSEE; OVERSIGHT OF KNOX YOUTH SPORTS, INC., KNOXVILLE FOOTBALL CLUB AND AYSO 279 WHICH MANAGE THE ATHLETIC FIELDS AT THE PARK; DEVELOPMENT OF MARKETING AND FUNDING PLANS; AND DEVELOPMENT AND IMPLEMENTATION OF PLANS FOR ADDITIONAL PARK IMPROVEMENTS. FORM 990, PAGE 6, PART VI, LINE 2 JAMES A HASLAM III SUSAN B. HASLAM DIRECTOR PRESIDENT HUSBAND AND WIFE FORM 990, PAGE 6, PART VI, LINE 11B INFORMATION IS GATHERED BY LAURA DAVIS WHO PROVIDED BOOKKEEPING SERVICES FOR LAKESHORE PARK CONSERVANCY. RESPONSES TO OPERATIONAL AND ORGANIZATIONAL INQUIRIES FROM THE RETURN PREPARERS ARE TYPICALLY REVIEWED BY THOMAS N. MCADAMS A DIRECTOR AND SECRETARY/TREASURER OF LAKESHORE PARK CONSERVANCY. MS. DAVIS AND MR. MCADAMS REVIEW THE INITIAL DRAFT OF THE FORM AND COMMUNICATES WITH THE RETURN PREPARERS IN REGARD TO ANY CHANGES. THE FINAL VERSION OF THE FORM IS FORWARDED TO THE BOARD OF DIRECTORS AND TO THE CITY OF KNOXVILLE. FORM 990, PAGE 6, PART VI, LINE 12C THE CORPORATION DOES NOT ENGAGE IN ANY TRANSACTIONS INVOLVING PAYMENT OF COMPENSATION OR OTHER CONSIDERATION TO ANY ENTITY IN WHICH A DIRECTOR, OFFICER, OR OTHER KEY PERSON IS INVOLVED. ALL PRODUCTS AND SERVICES PROVIDED BY DIRECTORS, OFFICERS, OR KEY PEOPLE ARE DONATED TO THE ORGANIZATION. WITH THE ABSENCE OF ANY PAYMENTS TO, OR CONTRACTUAL RELATIONSHIPS WITH DIRECTORS, OFFICERS, AND KEY PEOPLE, COMPLIANCE WITH THE POLICY CAN BE CONTINUOUSLY MONITORED. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 SPECIAL EVENTS EXPENSES 17,375 LOSS ON SALE OF STOCK 27,167 SPECIAL EVENTS EXPENSES -17,375 LOSS ON SALE OF STOCK -27,167