Bonnet Springs Park Inc
Nonprofit profile at a glance
- EIN
- 811106879
- IRS 990 coverage
- 2016–2025
- Forms available
- Form 990 2025, Form 990-T 2025
- Location
- Lakeland, FL, USA
- Phone
- 8637327000
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $16,647,112
- Expenses
- $15,115,917
- Assets
- $158,153,267
- Liabilities
- $711,671
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
26 people listed
Executive titles in this filing
- JOSHUA HENDERSON (CEO)
Highest reported compensation
- JOSHUA HENDERSON (CEO): $364,208 total reported compensation
- JENNIFER ROYAL (VP OF FINANCE): $185,635 total reported compensation
- KIRSTEN HEIN (VP OF ENGAGEMENT): $179,587 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enrich our community through nature, culture, recreation, and education.
What it reported doing in 2025
Bonnet springs park serves to unify the city's diverse population, offering public spaces that serve the needs of many by providing engaging and diverse opportunities in education and recreation to residents and visitors. The park is within walking distance to our city's urban core, where art, recreation, fun, and tranquility intersect by design. This blended urban/natural park will provide spaces to escape, engage, and explore with one another and with nature while experiencing and learning about the beautiful history of central Florida. Park maintenance and operations - the upkeep and maintenance of bonnet springs park grounds, facilities, equipment, and structures. Community outreach and education - to provide awareness of the park through education and cultural programming for visitors.
Operating model
- Revenue model
- Donor-supported. 76% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 65
- Accountability: 92
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $17.95 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 95%; rating input score 95; 24th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.2%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 10.46; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 7.7%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 34.5% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 11.1% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 23% per year; rating input score 100; 93rd percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 83% of spending went to programs
- Governance: 19 of 20 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $12.5M in reported program spending
- Leadership: top reported pay $364K · 26 people listed · 0 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2016 to 2025
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 51/100.
- Review — Sustainability: Operating margin scored 56/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.