Indianapolis Parks Foundation Inc

Organization Overview

Indianapolis Parks Foundation Inc, operating under the name The Parks Alliance Of Indianapolis, is located in Indianapolis, IN. The organization was established in 2001. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Parks Alliance Of Indianapolis employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parks Alliance Of Indianapolis 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, Parks Alliance Of Indianapolis generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INCREASE ACCESS AND AVAILABILITY OF PARK SPACES AND PROGRAMMING FOR ALL RESIDENTS AND VISITORS.

Describe the Organization's Program Activity:

THE PARKS ALLIANCE SUPPORTS THE MISSION OF THE CITY OF INDIANAPOLIS DEPARTMENT OF PARKS AND RECREATION. THE PARKS ALLIANCE'S PRIMARY MISSION IS TO RAISE FUNDS AND SERVE AS AN ADVOCATE FOR PARKS IN INDIANAPOLIS. AS PART OF THIS MISSION, THE ALLIANCE PURSUES FUNDING OPPORTUNITIES THROUGH GRANTS, SPONSORSHIPS, AND FUNDRAISING EVENTS THAT ARE USED TO HELP PURCHASE LAND, DEVELOP NEW PARKS, MAINTAIN EXISTING PARKS, UPGRADE FACILITIES AND PROVIDE SUPPORT TO NUMEROUS PROGRAMS BENEFITTING CHILDREN, FAMILIES AND OLDER ADULTS. ALL RESIDENTS OF MARION COUNTY BENEFIT FROM THE PARTNERSHIP BETWEEN THE CITY OF INDIANAPOLIS, DEPARTMENT OF PARKS AND RECREATION AND THE PARKS ALLIANCE. THE CITY OF INDIANAPOLIS, DEPARTMENT OF PARKS AND RECREATION ANNUALLY PROVIDE SERVICES AND FACILITIES TO OVER SEVEN MILLION PARK VISITORS.


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Board, Officers & Key Employees

Name (title)Compensation
Lori Hazlett
President & CEO
$90,634
Ryan Vaughn
Vice Chair
$0
Scott Sutton
Treasurer
$0
Lori Miser
Chair
$0
Vincent Ash
Secretary
$0
Lesley Gordon
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Central Indiana Community Foundatio
Management
$619,843
Smock Fansler Cooperation
Construction
$2,406,097
Marksmen Construction Services
Construction
$240,650
Trisler Construction
Construction
$199,036
Christopher B Burke Engineering
Engineering Services
$115,397
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$133,443
Related organizations$0
Government grants $80,128
All other contributions, gifts, grants, and similar amounts not included above$1,138,132
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,351,703
Total Program Service Revenue$0
Investment income $10,949
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $63,975
Net Income from Fundraising Events -$23,791
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,402,836

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Indianapolis Parks Foundation Inc has recieved totaling $138,004.

Awarding OrganizationAmount
Indianapolis Foundation Inc

Indianapolis, IN

PURPOSE: 2021 Partner Support

$50,000
16 Tech Community Corporation

Indianapolis, IN

PURPOSE: COMPLETE INTERACTIVE PROMENADE NODES AND PUBLIC ART PLAN FOR RIVERSIDE PROMENADE

$30,000
Central Indiana Community Foundation Inc

Indianapolis, IN

PURPOSE: Maintain and expand Riverside Nutrition Hub for se

$24,110
Indianapolis Foundation Inc

Indianapolis, IN

PURPOSE: To Be Used at the Organization's Discretion

$15,894
Verizon Foundation

Basking Ridge, NJ

PURPOSE: INDY PARKS FREE MEALS PROGRAM

$10,000
Healthcare Initiatives Inc

Indianapolis, IN

PURPOSE: MEALS PROGRAMS - COVID-19 RELIEF

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$736,779
Earnings$133,291
Admin Expense$10,743
Ending Balance$859,327

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