Minneapolis Parks Foundation
- Assets
- $3.3m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Minneapolis, MN
- Founding
- 01/2005
- Data as of
- 12/2021
- EIN
- 20-0715686
Organization Overview
Minneapolis Parks Foundation is located in Minneapolis, MN. The organization was established in 2005. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Minneapolis Parks Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minneapolis Parks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Minneapolis Parks Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Minneapolis Parks Foundation has awarded 16 individual grants totaling $21,772,320. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORM LIVES THROUGH PARK & PUBLIC SPACE BY ALIGNING PHILANTHROPIC INVESTMENT & COMMUNITY VISION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Evers Executive Director | Officer | 40 | $129,946 |
Dorothy Bridges Chair | OfficerTrustee | 4 | $0 |
Jocelyn Hale Secretary & Chair Of Gover | OfficerTrustee | 4 | $0 |
Sarah Duniway Vice Chair | OfficerTrustee | 4 | $0 |
Tom Paul Treasurer & Chair Of Finan | OfficerTrustee | 4 | $0 |
Stuart Ackerberg Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,230 |
| Related organizations | $0 |
| Government grants | $200,989 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,866,073 |
| Noncash contributions included in lines 1a–1f | $604,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,119,292 |
| Total Program Service Revenue | $0 |
| Investment income | $42,780 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $32,012 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,195,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $526,824 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,562 |
| Compensation of current officers, directors, key employees. | $20,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,612 |
| Pension plan accruals and contributions | $8,942 |
| Other employee benefits | $41,779 |
| Payroll taxes | $42,304 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,000 |
| Fees for services: Investment Management | $2,829 |
| Fees for services: Other | $34,051 |
| Advertising and promotion | $25,859 |
| Office expenses | $52,295 |
| Information technology | $6,024 |
| Royalties | $0 |
| Occupancy | $12,002 |
| Travel | $1,527 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,288 |
| Interest | $591 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,642 |
| Insurance | $3,815 |
| All other expenses | $0 |
| Total functional expenses | $1,469,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,445 |
| Savings and temporary cash investments | $2,119,043 |
| Pledges and grants receivable | $26,542 |
| Accounts receivable, net | $20,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,495 |
| Prepaid expenses and deferred charges | $4,851 |
| Net Land, buildings, and equipment | $12,019 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,065,692 |
| Total assets | $3,258,087 |
| Accounts payable and accrued expenses | $46,280 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $572,475 |
| Total liabilities | $618,755 |
| Net assets without donor restrictions | $1,224,276 |
| Net assets with donor restrictions | $1,415,056 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,258,087 |
Grants Awarded
Over the last fiscal year, Minneapolis Parks Foundation has awarded $498,580 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MINNEAPOLIS PARK AND RECREATION BOARD PURPOSE: RIVERFIRST & RECREATION PROGRAMS | $491,580 |
Saint Paul, MN PURPOSE: RECREATION PROGRAM | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Minneapolis Parks Foundation has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Spiller L Chaim Fund Minneapolis, MN PURPOSE: GENERAL OPERATING GRANT | $5,000 |
Richter Family Foundation Hayward, WI PURPOSE: SUPPORT MINNEAPOLIS PARKS | $3,500 |
Endowment Analysis
| Beg. Balance | $454,434 |
| Earnings | $26,961 |
| Net Contributions | $9,599 |
| Other Expense | -$6,272 |
| Ending Balance | $497,266 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |
Des Moines Water Works Park Foundation Des Moines, IA | $1,156,984 | $338,708 |
Minneapolis Parks Foundation Minneapolis, MN | $3,258,087 | $2,195,197 |
Camp Jorn Young Mens Christian Association Manitowish Waters, WI | $14,142,692 | $2,178,716 |
Great Bear Management Inc Sioux Falls, SD | $660,116 | $1,449,001 |
Fairfield Arts & Convention Center Fairfield, IA | $1,605,000 | $1,358,734 |
The Jonathan Association Chaska, MN | $1,721,909 | $960,898 |
Grand Forks Parks And Recreationfoundation Grand Forks, ND | $9,262,108 | $737,409 |
Superior Hiking Trail Association Two Harbors, MN | $964,345 | $917,726 |