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Nonprofit · EIN 83-4621324

TOWN BRANCH PARK INC

Tax-exempt · LEXINGTON, KY 40508

Financials

$14.3M$1.1M2023$3.8M$2.1M2024
Revenue Expenses · by fiscal year end
Financials of TOWN BRANCH PARK INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,765,764$2,095,346$1,670,418$31,516,710$1,394,433$30,122,277
December 31, 2023990$14,277,241$1,058,971$13,218,270$42,141,065$14,417,730$27,723,335
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,733,870
of which government grants
$778,372
Program service revenue
$0
Investment income
$31,894
Net gain from sales of assets
-$60
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$238,184
Other salaries and wages
$353,067
Salaries, compensation and benefits (total)
$694,380
Professional fundraising fees
$0
Legal fees
$92,551
Accounting fees
$27,745
Occupancy
$37,919
Travel
$10,208
Depreciation
$5,000
Program services (functional)
$1,290,650
Management and general (functional)
$501,012
Fundraising (functional)
$303,684

Balance sheet and other

Total assets, start of year
$42,141,065
Total assets, end of year
$31,516,710
Total liabilities, end of year
$1,394,433
Net assets, end of year
$30,122,277
Land, buildings and equipment
$21,266,055
Net assets without donor restrictions
$30,122,277
Gross receipts
$3,765,923
Employees
6
Volunteers
13
Year formed
2019
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ALLISON LANKFORDEXECUTIVE DIRECTOR
Officer
40$238,183
ANN BAKHAUSCHAIR
Trustee or director
1$0
KIP CORNETTDIRECTOR
Trustee or director
1$0
DR MARY LYNNE CAPILOUTODIRECTOR
Trustee or director
1$0
CLAY ANGELUCCIDIRECTOR
Trustee or director
1$0
JIMMY BELLDIRECTOR
Trustee or director
1$0
RON L BROWNDIRECTOR
Trustee or director
1$0
HUTTON GOODMANDIRECTOR
Trustee or director
1$0
WES MURRYDIRECTOR
Trustee or director
1$0
HOLLY WIEDEMANNDIRECTOR
Trustee or director
1$0
BILL JUSTICEDIRECTOR
Trustee or director
1$0
ED HOLMESDIRECTOR
Trustee or director
1$0
ALICIA HELM MCCORVEYDIRECTOR
Trustee or director
1$0
NICK NICHOLSONDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
ALLISON LANKFORDEXECUTIVE DIRECTOR
Officer
40$241,814
ANN BAKHAUSCHAIR
Trustee or director
1$0
KIP CORNETTDIRECTOR
Trustee or director
1$0
DR MARY LYNNE CAPILOUTODIRECTOR
Trustee or director
1$0
CLAY ANGELUCCIDIRECTOR
Trustee or director
1$0
JIMMY BELLDIRECTOR
Trustee or director
1$0
RON L BROWNDIRECTOR
Trustee or director
1$0
HUTTON GOODMANDIRECTOR
Trustee or director
1$0
WES MURRYDIRECTOR
Trustee or director
1$0
HOLLY WIEDEMANNDIRECTOR
Trustee or director
1$0
BILL JUSTICEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
794 MANCHESTER ST, LEXINGTON, KY 40508-2485
Principal officer (990 for 2024)
ALLISON LANKFORD, 249 EAST MAIN STREET 201, LEXINGTON, KY 40507
Signed the 990
ALLISON LANKFORD, EXECUTIVE DIRECTOR
Phone
(859) 281-8420
Return prepared by
DEAN DORTON ALLEN FORD PLLC

Mission

TO BRING THE UNPARALLELED BEAUTY OF OUR COUNTRYSIDE TO OUR CITY AND ELEVATE THE QUALITY OF LIFE OF OUR CITIZENS THROUGH EXCEPTIONAL DESIGN AND THOUGHTFUL PARK PROGRAMMING AS DISTINCTIVE AS LEXINGTON.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION IS TRANSFORMING A NINE (9) ACRE ASPHALT PARKING LOT INTO A HIGH QUALITY URBAN PARK AND OPEN SPACE, WITH RELATED FACILITIES AND AMENITIES, FOR USE AND ENJOYMENT BY THE RESIDENTS AND VISITORS OF LEXINGTON FOR RECREATIONAL AND EDUCATIONAL PURPOSES.
    Expenses $1,290,650

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
83-4621324
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2019
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$31,516,710
Income (IRS master file)
$3,765,923

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,765,764$2,095,346$31,516,710XML
990December 2023$14,277,241$1,058,971$42,141,065XML
990December 2022$5,677,827$1,120,866$26,106,013IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-4621324).

Questions about TOWN BRANCH PARK INC

What is the EIN of TOWN BRANCH PARK INC?
The employer identification number (EIN) of TOWN BRANCH PARK INC is 83-4621324.
Is TOWN BRANCH PARK INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
Are donations to TOWN BRANCH PARK INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TOWN BRANCH PARK INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TOWN BRANCH PARK INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TOWN BRANCH PARK INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TOWN BRANCH PARK INC?
The 990 for the year ended December 31, 2024 names ALLISON LANKFORD.
Who are the officers and directors of TOWN BRANCH PARK INC?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $238,183 (ALLISON LANKFORD, EXECUTIVE DIRECTOR).
How much revenue does TOWN BRANCH PARK INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,765,764, expenses of $2,095,346 and total assets of $31,516,710 at year end.

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