Hanson Larsen Memorial Park Foundation Inc
- Assets
- $4.0m
- Revenue
- $244.9k
- Investments
- $1.3m
- Employees
- 0
- Location
- Rapid City, SD
- Founding
- 06/2005
- Data as of
- 12/2021
- EIN
- 20-1969477
Organization Overview
Hanson Larsen Memorial Park Foundation Inc is located in Rapid City, SD. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanson Larsen Memorial Park Foundation Inc 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, Hanson Larsen Memorial Park Foundation Inc generated $244.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $122.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PARKS FOR THE GENERAL PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS TRAILS WERE CARVED AND MAINTAINED FOR THE USE BY THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Slusarski President | 2 | $0 | |
Steve Flanery Vice Pres | 2 | $0 | |
Joe Kieffer Director | 2 | $0 | |
Jeffry G Denison Secretary/tr | 5 | $0 | |
Michael G Diedrich Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,330 |
| Interest on Savings | $0 |
| Dividends & Interest | $35,400 |
| Net Rental Income | $1,172 |
| Net Gain on Sale of Assets | $193,926 |
| Capital Gain Net Income | $193,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $64 |
| Total Revenue | $244,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,513 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $32 |
| Printing and publications | $0 |
| Other expenses | $103,347 |
| Total operating and administrative expenses | $122,094 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $122,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,736 |
| Savings and temporary cash investments | $87,218 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,285,605 |
| Net Land, buildings, and equipment | $2,645,000 |
| Other assets | $0 |
| Total assets | $4,030,559 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hanson Larsen Memorial Park Foundation Inc has awarded $1,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RAPID CITY PARKS & RECREATION PURPOSE: SPONSORSHIP | $1,000 |
TOASTMASTERS PURPOSE: SPONSORSHIP | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Lincoln Parks & Recreation Fndn Lincoln, NE | $22,794,187 | $4,049,801 |
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 |
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 |
Heartland Bike Share Omaha, NE | $1,229,080 | $1,665,786 |
Montana Institute Of Family Living Great Falls, MT | $1,073,046 | $1,056,475 |
Grand Forks Parks And Recreationfoundation Grand Forks, ND | $9,262,108 | $737,409 |
Superior Hiking Trail Association Two Harbors, MN | $964,345 | $917,726 |
Friends Of Pathways Jackson, WY | $1,169,249 | $822,365 |