Indianapolis Parks Foundation Inc
- Assets
- $2.8m
- Revenue
- $1.4m
- Investments
- $360.9k
- Employees
- 6
- Location
- Indianapolis, IN
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 35-1860468
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.
Form
990T
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) | Role | Hours | Compensation |
|---|---|---|---|
Lori Hazlett President & CEO | Officer | 37.5 | $90,634 |
Vincent Ash Secretary | OfficerTrustee | 2 | $0 |
Ryan Vaughn Vice Chair | OfficerTrustee | 2 | $0 |
Scott Sutton Treasurer | OfficerTrustee | 2 | $0 |
Lori Miser Chair | OfficerTrustee | 3 | $0 |
Jenn Schimmelpfennig Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Indiana Community Foundatio Management | 12/30/21 | $619,843 |
Marksmen Construction Services Construction | 12/30/21 | $240,650 |
Trisler Construction Construction | 12/30/21 | $199,036 |
Christopher B Burke Engineering Engineering Services | 12/30/21 | $115,397 |
Smock Fansler Cooperation Construction | 12/30/21 | $2,406,097 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,740,282 |
| 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. | $131,349 |
| Compensation of current officers, directors, key employees. | $78,809 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,381 |
| Pension plan accruals and contributions | $35,120 |
| Other employee benefits | $96,659 |
| Payroll taxes | $33,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,154 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,458 |
| Fees for services: Other | $74,394 |
| Advertising and promotion | $0 |
| Office expenses | $32,834 |
| Information technology | $7,723 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,209 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,046 |
| Insurance | $0 |
| All other expenses | $23,400 |
| Total functional expenses | $4,521,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,261,836 |
| Pledges and grants receivable | $53,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,391 |
| Net Land, buildings, and equipment | $591,165 |
| Investments—publicly traded securities | $498,411 |
| Investments—other securities | $360,916 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,785,719 |
| Accounts payable and accrued expenses | $653,660 |
| 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 | $0 |
| Total liabilities | $653,660 |
| Net assets without donor restrictions | $389,472 |
| Net assets with donor restrictions | $1,742,587 |
| 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 | $2,785,719 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Indianapolis Parks Foundation Inc has recieved totaling $138,004.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $736,779 |
| Earnings | $133,291 |
| Admin Expense | $10,743 |
| Ending Balance | $859,327 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Parks Foundation Inc Indianapolis, IN | $2,785,719 | $1,402,836 |
Hunt And Diane Harris Family Foundation Moline, IL | $0 | $164,820 |
Camp Nageela Midwest Inc Skokie, IL | $3,818,884 | $3,295,001 |
National Recreation Foundation Inc Lake Forest, IL | $54,011,615 | $7,763,187 |
Capital Access Corporation Louisville, KY | $1,120,026 | $636,362 |
Friends Of Big Marsh Chicago, IL | $158,301 | $422,082 |
St Louis National Charity Horse Show Defiance, MO | $108,222 | $561,071 |
Cope Environmental Center Inc Centerville, IN | $2,793,518 | $403,692 |
Warren County Y M C A Foundation Inc Monmouth, IL | $7,688,047 | $218,593 |
Campout For Kids Chicago, IL | $328,388 | $396,250 |
Pgalex Inc Lexington, KY | -$2,828 | $0 |
Gu Shamrock Booster Club Inc Indianapolis, IN | $9,349 | $265,154 |