Symphony Park Master Association Inc

Overview

Symphony Park Master Association Inc is a nonprofit organization based in Las Vegas, Nevada, designated under the 501(c)(4) section of the Internal Revenue Code. Established to support community welfare and enhance social living conditions, the organization is classified as a civic league and social welfare organization.

Mission and Activities

The primary mission of Symphony Park Master Association Inc includes the construction, maintenance, and operation of Symphony Park, a public recreational area. The park was officially opened to the public in April 2012. To achieve its mission, the association coordinates with various stakeholders and receives funding through quarterly assessments from commercial entities within the vicinity of the park.

Financial Information

As of the fiscal year ending December 2019, the association reported total revenues of $73,029, primarily derived from contributions. The organization had total assets amounting to $1,041,511 and total liabilities of $11,000. Notably, there have been no reported salaries or expenditures on executive compensation, indicating a volunteer-based leadership structure. The financial data illustrates that the association operates with a significant reliance on donations to fund its activities.

Governance

The association is governed by a board of directors that includes a president, treasurer, and additional members. Key personnel have included Scott D. Adams (President/Director), Gary Ameling (Treasurer/Secretary), and Jorge Cervantes (Director). Their roles, characterized by volunteerism, reflect the organization's commitment to community service without the burden of high administrative costs.

Classification and Tax Status

Symphony Park Master Association Inc is classified as a social welfare organization, which allows it to engage in advocacy and community improvement initiatives without the same level of public scrutiny required of charitable organizations under 501(c)(3). Donations made to the organization are not tax-deductible, reflecting its operational focus on civic engagement rather than charitable purposes.

Conclusion

Through its efforts in managing Symphony Park, the Symphony Park Master Association Inc plays a vital role in enhancing community welfare and providing recreational opportunities in Las Vegas. The association continues to foster a collaborative environment, engaging local businesses and residents in its mission to improve public spaces for all.