Asheville Parks and Greenways Foundation Inc.

Overview

Asheville Parks and Greenways Foundation Inc. is a nonprofit organization dedicated to enhancing recreational spaces and promoting greenways in Asheville, North Carolina. The organization's mission aligns with creating and preserving parks and greenways for community benefit. It is classified under the National Taxonomy of Exempt Entities (NTEE) category for Recreation, Sports, Leisure, Athletics, with a focus on Parks and Playgrounds.

Financial Aspects

Historically, the foundation's primary source of revenue has been through contributions, which have accounted for the majority of its total revenue. In fiscal years ending between 2012 and 2014, contributions ranged from 97.5% to 99.4% of total revenue. The organization had minimal other revenue sources, such as investment income. By 2014, total assets were reported at $32,599, with no liabilities noted in its Form 990-EZ filings[1].

Community Involvement

Asheville Parks and Greenways Foundation Inc. has been part of broader community efforts to develop greenways in Asheville. These efforts include collaborations with other local organizations and initiatives, such as the establishment of Glenn's Creek and Reed Creek Greenways. These projects often involve partnerships with local universities, government agencies, and community volunteers to secure land and funding for greenway development. The organization's role in these collaborations underscores its commitment to fostering community engagement and access to recreational spaces[2].

Legal Status

As of recent updates, the organization does not appear in the IRS's most recent list of tax-exempt businesses, indicating it may have ceased operations or merged with another entity[4]. However, contributions to this organization were tax deductible when active[1].

Legacy

Despite its current status, Aspenville Parks and Greenways Foundation Inc. contributed significantly to Asheville's green infrastructure, particularly in fostering community spirit and developing green spaces that enhance residents' quality of life[2].