Better Business Bureau Report for
Houston Parks Board, Inc.

Better Business Bureau Report issued April 2012
Better Business Bureau Report expires April 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Houston Parks Board, Inc.
Address: 300 North Post Oak Lane
  Houston, TX 77024
Phone: 713-942-8500
Web Address: www.houstonparksboard.org
Also known as:Houston Parks Board
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Better Business Bureau Comments

Year, State Incorporated: 1976, Texas
Affiliates: None
Stated Purpose: The Houston Parks Board's mission is to create, improve, protect and advocate for parkland for the Greater Houston Region.

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Evaluation Conclusions

               

Houston Parks Board, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

The Houston Parks Board is involved in activities related to the expansion and improvement of Houston's parks system. The Houston Parks Board’s primary programs are its Park Creation Campaign and Park Improvement Projects. In 2011, Houston Parks Board had 6 projects in design phases and 12 projects under construction.

For the fiscal year ended June 30, 2011, Houston Parks Board, Inc.'s program expenses were:

  
City park improvements and additions 6,468,585
City-supported parks programs 775,929
Total Program Expenses: $7,244,514
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Governance

               

Chief Executive : Roskan Ozan-Vick, Executive Director
Compensation*:
 $177,270

Chair of the Board: Thomas G. Bacon
Chair's Profession / Business Affiliation: The Lionstone Group, Real Estate Investment Firm

Board Size: 29

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, invitations to fund raising events, grant proposals
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $3,567,939, are donations received as a result of fund raising activities.)
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Tax Status

               

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.
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Financial

               

The following information is based on Houston Parks Board, Inc.'s audited financial statements - consolidated for the fiscal year ended June 30, 2011.

Source of Funds  
Park Improvement prjects - Houston Parks Board LGC, Inc. 4,347,931
Contributions 3,060,039
Investment return 701,776
Special event - annual luncheon 507,900
Other 283,599
City concession and event fees 278,018
Direct donor benefit costs - annual luncheon -35,199
Total Income $9,144,064


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Uses of Funds as a % of Total Expenses

Programs: 94%  Fund Raising: 2%  Administrative: 2%  Other Expenses: 2%

Total income   $9,144,064
  Program expenses $7,244,514
  Fund raising expenses 131,604
  Administrative expenses 163,091
  Other Expenses 150,000
Total expenses   $7,689,209
Income in Excess of Expenses   1,454,855
Beginning net assets   26,377,889
Ending net assets   27,975,723
Total liabilities   1,157,681
Total assets   $29,133,404


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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