Civic Intelligence

Cullinan Park Conservancy

990 • Fiscal year 2024 • EIN 45-4477343

Jan 01, 2024 to Dec 31, 2024 • Filed on Aug 29, 2025

PO Box 422Sugar Land, TX 77487

(713) 557-4049

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.00x

Higher debt load relative to assets than 36% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-294%

Higher net margin than 1% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$64,200

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 45.5% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

4th percentile

-44%

Faster asset growth than 4% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-40%

Faster revenue growth than 7% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$650,087

Down $511,096 (-44%) from 2023

Net Assets

Down

$649,377

Down $414,480 (-39%) from 2023

Liabilities

Down

$710

Down $96,616 (-99%) from 2023

Revenue

Down

$141,012

Down $95,317 (-40%) from 2023

Expenses

Up

$555,492

Up $212,443 (+62%) from 2023

Net Income

Down

-$414,480

Down $307,760 (-288%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2015: $512,258Liabilities 2015: $0Net Assets 2015: $512,2582015Assets 2016: $349,488Liabilities 2016: $0Net Assets 2016: $349,4882016Assets 2017: $142,966Liabilities 2017: $0Net Assets 2017: $142,9662017Assets 2018: $293,391Liabilities 2018: $0Net Assets 2018: $293,3912018Assets 2019: $481,247Liabilities 2019: $0Net Assets 2019: $481,2472019Assets 2020: $729,444Liabilities 2020: $0Net Assets 2020: $729,4442020Assets 2021: $922,226Liabilities 2021: $3,338Net Assets 2021: $918,8882021Assets 2022: $1,184,927Liabilities 2022: $1,850Net Assets 2022: $1,183,0772022Assets 2023: $1,161,183Liabilities 2023: $97,326Net Assets 2023: $1,063,8572023Assets 2024: $650,087Liabilities 2024: $710Net Assets 2024: $649,3772024

Highlighted filing

2024

Assets$650,087
Liabilities$710
Net Assets$649,377

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $506,997Expenses 2015: $7,839Net Income 2015: $499,1582015Revenue 2016: $346,988Expenses 2016: $509,758Net Income 2016: -$162,7702016Revenue 2017: $407,350Expenses 2017: $613,872Net Income 2017: -$206,5222017Revenue 2018: $339,784Expenses 2018: $189,359Net Income 2018: $150,4252018Revenue 2019: $250,798Expenses 2019: $62,942Net Income 2019: $187,8562019Revenue 2020: $585,260Expenses 2020: $337,063Net Income 2020: $248,1972020Revenue 2021: $316,109Expenses 2021: $130,781Net Income 2021: $185,3282021Revenue 2022: $1,601,223Expenses 2022: $1,337,034Net Income 2022: $264,1892022Revenue 2023: $236,329Expenses 2023: $343,049Net Income 2023: -$106,7202023Revenue 2024: $141,012Expenses 2024: $555,492Net Income 2024: -$414,4802024

Highlighted filing

2024

Revenue$141,012
Expenses$555,492
Net Income-$414,480
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 29, 2025
Return Version
2024v5.2
Gross Receipts
$158,928
Mission and Program Overview

Mission

The Cullinan Park Conservancy is committed to enhancing and protecting the natural beauty of the Cullinan Park for the use and enjoyment of wildlife and human visitors alike.

The Conservancy raises capital funds for the development of the Joseph S. & Lucie H. Cullinan Park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$985,572$566,344▼ $419,228
Cash and Non-Interest-Bearing Accounts$92,910$43,076▼ $49,834
Pledges and Grants Receivable$80,986$40,000▼ $40,986
Prepaid Expenses and Deferred Charges$1,715$667▼ $1,048
Total Assets$1,161,183$650,087▼ $511,096
Liabilities
Accounts Payable and Accrued Expenses$97,326$710▼ $96,616
Total Liabilities$97,326$710▼ $96,616
Net Assets / Fund Balance
Net Assets With Donor Restrictions$787,028$347,528▼ $439,500
Net Assets Without Donor Restrictions$276,829$301,849▲ $25,020
Total Net Assets Fund Balance$1,063,857$649,377▼ $414,480
Total Liabilities and Net Assets / Fund Balance$1,161,183$650,087▼ $511,096
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth WolfExecutive DirectorFT$64,200$64,200

Board Members and Trustees

NameTitle
Keith BorgfeldtPresident
Monica TaylorVice President
Haley PeckDirector
Jason MillerDirector
John ArcidiaconoDirector
June TangDirector
Keri SchmidtDirector
Morgan Gaskin ThomasDirector
Rex VarnDirector
Will CravensDirector
Cee Cee ParkerSecretary
John Van De WieleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$110,780
Program Service Revenue
$0
Investment Income
$32,443
Other Revenue
$-2,211
All Other Contributions
$46,827
Change in Net Assets
$-414,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$390,000
Other Expenses$77,292
Salaries, Compensation, and Employee Benefits$64,200
Total Fundraising Expense$36,665
Professional Fundraising Fees$24,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$390,000--$390,000
Current Officers, Directors, Trustees, and Key Employees$51,360$6,420$6,420$64,200
Fees for Services Professional Fundraising--$24,000$24,000
Fees for Services Accounting-$8,108-$8,108
Fees for Services Other-$1,025$3,800$4,825
Office Expenses-$3,676-$3,676
Advertising$3,202--$3,202
Insurance-$3,132-$3,132
Other Expenses$50,181-$2,445$2,445
Information Technology-$1,257-$1,257
Conferences and Meetings-$466-$466
Total Functional Expenses$494,743$24,084$36,665$555,492
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Sugar LandSugar Land, TXGovernmentPark improvements$390,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$24,000
Fundraising Direct Expenses$17,916
Fundraising Gross Income$15,705

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Picnic in the Park$79,658$15,705$9,791$5,914
Total Events$79,658$15,705$17,916$-2,211
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Directors John Arcidiacono and Will Cravens have a family relationship.

Form 990, Part VI, Section B, line 11B

The Form is reviewed by the Treasurer and presented to the governing body prior to filing.

Form 990, Part VI, Section B, line 12C

Each director signs a statement annually that affirms receiving a copy of the conflict of interest policy. Has read and understands the policy; has agreed to comply with it; and understands that the organization, to maintain its federal tax exemption, must engage primarily in activities that accomplish one of its tax-exempt purposes. As a part of the Annual Compliance Agreement, and at any time during the year when circumstances change, each director shall disclose any relationship, position, or circumstance that could contribute to a conflict of interest or appearance of a conflict so that the best interests of the organization are not compromised.

Form 990, Part VI, Section B, line 15A

The Board outsources the organization's Executive Director position to an administrative and management consultant. The hourly rate and scope of work were considered when determining the monthly retainer for services provided.

Form 990, Part VI, Section C, line 19

Upon request

Filing and Contact Details

Filer

Filer Name
Cullinan Park Conservancy
EIN
45-4477343
Phone
7135574049
Address
PO Box 422, Sugar Land, TX 77487

Signing Officer

Name
Keith Borgfeldt
Title
Treasurer
Phone
7135574049
Signed
2025-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Keith Borgfeldt
Formed
2010
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
25

Preparer

Firm
Blazek & Vetterling
Address
2900 Weslayan Suite 200, Houston, TX 77027
Preparer
Barbara Murphy
Phone
7134395739
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IRS990/ReconcilationRevenueExpnssAmt0-414480
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0985572
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0566344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0110780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0219950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01596271
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0299268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0583719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02809988
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032443
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt015462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02134
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0178
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0358
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt050575
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.49380
IRS990ScheduleA/PublicSupportPY170Pct00.50360
IRS990ScheduleA/PublicSupportTotal170Amt01412532
IRS990ScheduleA/SubstantialContributorsTotAmt01397456
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0110780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0219950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01596271
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0299268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0583719
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02809988
IRS990ScheduleA/TotalSupportAmt02860563
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleG/AgrmtProfFundraisingActyInd01
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0Capital campaign
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0Blaise Fallon
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt024000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt02829 Timmons Lane Apt 191
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0Houston
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd077027
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt063953
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt063953
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017916
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt01300
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt01300
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Picnic in the Park
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03825
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03825
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt079658
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt079658
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015705
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015705
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-2211
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09791
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt09791
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt03000
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03000
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0TX
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt024000
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0390000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0Government
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Park improvements
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0City of Sugar Land
IRS990ScheduleI/RecipientTable/RecipientEIN0746027491
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02700 Town Center Blvd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Sugar Land
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077479
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Cullinan Park Conservancy (CPC) contributes funds under a 30-year Interlocal agreement with the City of Houston and the City of Sugar Land to fund ongoing improvements at Cullinan Park. CPC monitors the use of the funds by meeting regularly with the City of Sugar Land and contractors for updates on the improvements.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Directors John Arcidiacono and Will Cravens have a family relationship.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form is reviewed by the Treasurer and presented to the governing body prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each director signs a statement annually that affirms receiving a copy of the conflict of interest policy. Has read and understands the policy; has agreed to comply with it; and understands that the organization, to maintain its federal tax exemption, must engage primarily in activities that accomplish one of its tax-exempt purposes. As a part of the Annual Compliance Agreement, and at any time during the year when circumstances change, each director shall disclose any relationship, position, or circumstance that could contribute to a conflict of interest or appearance of a conflict so that the best interests of the organization are not compromised.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Board outsources the organization's Executive Director position to an administrative and management consultant. The hourly rate and scope of work were considered when determining the monthly retainer for services provided.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01161183
IRS990/TotalAssetsEOYAmt0650087
IRS990/TotalAssetsGrp/BOYAmt01161183
IRS990/TotalAssetsGrp/EOYAmt0650087
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0110780
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt036665
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024084
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0494743
IRS990/TotalFunctionalExpensesGrp/TotalAmt0555492
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt097326
IRS990/TotalLiabilitiesEOYAmt0710
IRS990/TotalLiabilitiesGrp/BOYAmt097326
IRS990/TotalLiabilitiesGrp/EOYAmt0710
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01063857
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0649377
IRS990/TotalOtherCompensationAmt00

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