Civic Intelligence

Greensboro Downtown Parks Inc

EIN 47-4953789 • 501(c)3 • Greensboro, NC

Profile

The nc non-profit partners with the city of greensboro to serve as the executive manager of center city park and lebauer park with a focus on public activation, maintenance, financial well-being, and overall vitality of these parks in downtown greensboro.

200 North Davie Street Box 22Greensboro, NC 27401

www.greensborodowntownparks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.10x

Higher debt load relative to assets than 58% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Net Margin

75th percentile

24%

Higher net margin than 75% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

69th percentile

$84,603

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2025

Asset Growth

98th percentile

314%

Faster asset growth than 98% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

77th percentile

33%

Faster revenue growth than 77% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$282,104

Up $213,977 (+314%) from 2024

Liabilities

Down

$28,004

Down $8,997 (-24%) from 2024

Net Assets

Up

$254,100

Up $222,974 (+716%) from 2024

Operations
Liabilities / Revenue45th percentileNet Margin75th percentile

Revenue

Up

$937,911

Up $232,492 (+33%) from 2024

Expenses

Down

$714,937

Down $10,271 (-1.4%) from 2024

Net Income

Up

$222,974

Up $242,763 (+1227%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2016: $103,490Liabilities 2016: $181,287Net Assets 2016: -$77,7972016Assets 2017: $90,760Liabilities 2017: $32,036Net Assets 2017: $58,7242017Assets 2018: $84,247Liabilities 2018: $34,980Net Assets 2018: $49,2672018Assets 2019: $62,095Liabilities 2019: $34,315Net Assets 2019: $27,7802019Assets 2020: $159,586Liabilities 2020: $107,750Net Assets 2020: $51,8362020Assets 2021: $183,184Liabilities 2021: $35,335Net Assets 2021: $147,8492021Assets 2022: $46,637Liabilities 2022: $49,641Net Assets 2022: -$3,0042022Assets 2023: $79,874Liabilities 2023: $28,959Net Assets 2023: $50,9152023Assets 2024: $68,127Liabilities 2024: $37,001Net Assets 2024: $31,1262024Assets 2025: $282,104Liabilities 2025: $28,004Net Assets 2025: $254,1002025

Highlighted filing

2025

Assets$282,104
Liabilities$28,004
Net Assets$254,100
Open 2025 Filing

Operations Trend

Revenue Growth77th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $347,241Expenses 2016: $425,038Net Income 2016: -$77,7972016Revenue 2017: $815,157Expenses 2017: $686,136Net Income 2017: $129,0212017Revenue 2018: $805,787Expenses 2018: $827,744Net Income 2018: -$21,9572018Revenue 2019: $873,437Expenses 2019: $894,924Net Income 2019: -$21,4872019Revenue 2020: $698,463Expenses 2020: $674,407Net Income 2020: $24,0562020Revenue 2021: $877,987Expenses 2021: $781,974Net Income 2021: $96,0132021Revenue 2022: $830,493Expenses 2022: $981,346Net Income 2022: -$150,8532022Revenue 2023: $797,040Expenses 2023: $743,121Net Income 2023: $53,9192023Revenue 2024: $705,419Expenses 2024: $725,208Net Income 2024: -$19,7892024Revenue 2025: $937,911Expenses 2025: $714,937Net Income 2025: $222,9742025

Highlighted filing

2025

Revenue$937,911
Expenses$714,937
Net Income$222,974
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$282,104
Liabilities
$28,004
Net assets
$254,100
Revenue
$937,911
Expenses
$714,937
Net income
$222,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.82$0.28$2.54$9.38$7.15$2.23
2024Detailed filing. Detailed filing data is available for this year.$0.68$0.37$0.31$7.05$7.25$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.29$0.51$7.97$7.43$0.54
2022Detailed filing. Detailed filing data is available for this year.$0.47$0.50$0.03$8.30$9.81$1.51
2021Detailed filing. Detailed filing data is available for this year.$1.83$0.35$1.48$8.78$7.82$0.96
2020Detailed filing. Detailed filing data is available for this year.$1.60$1.08$0.52$6.98$6.74$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.62$0.34$0.28$8.73$8.95$0.21
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.35$0.49$8.06$8.28$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.91$0.32$0.59$8.15$6.86$1.29
2016Detailed filing. Detailed filing data is available for this year.$1.03$1.81$0.78$3.47$4.25$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 20, 2026
Return Version
2025v4.0
Gross Receipts
$937,911
Mission and Program Overview

Mission

The nc non-profit partners with the city of greensboro to serve as the executive manager of center city park and lebauer park with a focus on public activation, maintenance, financial well-being, and overall vitality of these parks in downtown greensboro.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$250,208▲ $250,208
Cash and Non-Interest-Bearing Accounts$62,323$22,537▼ $39,786
Land, Buildings, and Equipment, Net$0$5,541▲ $5,541
Accounts Receivable$5,804$3,818▼ $1,986
Total Assets$68,127$282,104▲ $213,977
Liabilities
Deferred Revenue$6,078$11,609▲ $5,531
Accounts Payable and Accrued Expenses$23,841$9,413▼ $14,428
Other Liabilities$7,082$6,982▼ $100
Total Liabilities$37,001$28,004▼ $8,997
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$31,126$254,100▲ $222,974
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$31,126$254,100▲ $222,974
Total Liabilities and Net Assets / Fund Balance$68,127$282,104▲ $213,977

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,541$852$6,393
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin GrayFormer Executive DirectorFT$84,603$84,603
Jack GarveyExecutive DirectorFT$4,523$4,523

Board Members and Trustees

NameTitle
Kim MartinChair
Phillip FleischmannAt Large
Brian CampbellMember
Caitlin StayMember
Cheskesha Cunningham-dockeryMember
Denise SherronMember
Ednasha MccrayMember
John KnowlesMember
Katelyn Cohen-kivettMember
Lamar LeeMember
Laura LorenzMember
Leah MccoyMember
Melissa GreerMember
Rob OvermanMember
Tim TobeyMember
Walker SandersMember
Tammi ThurmTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$718,161
Program Service Revenue
$174,463
Investment Income
$45,287
Other Revenue
$0
All Other Contributions
$134,935
Change in Net Assets
$222,974

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,279Fair Market Value (FMV)
Other Non Cash Contri Table1$20,518Fair Market Value (FMV)
Total Noncash Contributions2$45,797-

Audited Revenue Reconciliation

Revenue per Audited Statements
$937,911
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$351,707
Total Revenue per Audited Statements
$1,289,618
Total Revenue per Form 990
$937,911
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$487,672
Other Expenses$227,265
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$275,700$68,925-$344,625
Current Officers, Directors, Trustees, and Key Employees$71,301$17,825-$89,126
Insurance$38,273$1,331-$39,604
Payroll Taxes$26,483$6,620-$33,103
Other Employee Benefits$16,654$4,164-$20,818
Fees for Services Other$437$10,855-$11,292
Fees for Services Accounting-$8,600-$8,600
Payment Travel Entrtnmnt Publicly Ofcl-$6,051-$6,051
Advertising$5,247--$5,247
Other Expenses$25,112$4,194-$4,194
All Other Expenses$2,298$1,818-$4,116
Depreciation Depletion$852--$852
Fees for Services Legal-$202-$202
Occupancy$82--$82
Total Functional Expenses$575,629$139,308$0$714,937

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,066,644
Expenses per Audited Statements$714,937
Total Expenses per Form 990$714,937
Expenses Not Reported on Form 990$351,707
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Kiosks$5,882
Damage Deposits Park Rentals$1,100
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Treasurer and director who assists with accounting recordkeeping review the tax return prior to it being filed and the tax return is provided to each board member for their individual review.”

Form 990, Part VI, Section C, Line 18

“Records are available at entity's office of record and on the irs website”

Form 990, Part VI, Section C, Line 19

“Records are available at entity's office of record”

Filing and Contact Details

Filer

Filer Name
Greensboro Downtown Parks Inc
EIN
47-4953789
Phone
3363737533
Address
200 NORTH DAVIE STREET BOX 22, GREENSBORO, NC 27401

Signing Officer

Name
Tammi Thurm
Title
Treasurer
Phone
3363737533
Signed
2026-03-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tammi Thurm
Formed
2015
Legal Domicile
Nc
Voting Board Members
18
Independent Board Members
18
Employees
21
Volunteers
28

Preparer

Firm
Duncan Ashe Pa
Address
7900 MCCLOUD RD SUITE 101, GREENSBORO, NC 27409
Phone
3362856510
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Gdp is exempt from federal income tax under internal revenue code section 501(c)(3) and is not a private foundation under section 170(b)(1)(a)(vi). The organization is also exempt from state income tax and, therefore, no provision for income tax has been made in the accompanying financial statements. The organization's federal return of organization exempt from income tax (form 990) for 2022 - 2024 are subject to examination by the irs, generally for three years after they were filed. The organization accounts for income taxes in accordance with asc 740, accounting for uncertainty in income taxes. Asc 740 requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return where there is uncertainty about whether a tax position will ultimately be sustained upon examination. The organization has evaluated its tax positions and determined that it does not have any uncertain tax positions that meet the criteria under asc 740. Accordingly, the provisions of asc 740 did not have any impact on the accompanying financial statements.”

Part XI 2B and Part XII 2A

“Donated services and use of facilities at fmv: office rent: $10,220 utilities: electric: $38,068 water & sewer: $37,307 gas: $761 security: $215,428 it-phone, cost of calls, computer: $12,455 labor-landscaping: $36,821 insurance: $647”

Raw XML AppendixShowing 400 of 538 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0THE NC NON-PROFIT PARTNERS WITH THE CITY OF GREENSBORO TO SERVE AS THE EXECUTIVE MANAGER OF CENTER CITY PARK AND LEBAUER PARK WITH A FOCUS ON PUBLIC ACTIVATION, MAINTENANCE, FINANCIAL WELL-BEING, AND OVERALL VITALITY OF THESE PARKS IN DOWNTOWN GREENSBORO.
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