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← GRAND FORKS PARKS AND RECREATIONFOUNDATION

Form 990 for tax year 2023

Filed by GRAND FORKS PARKS AND RECREATIONFOUNDATION.

Totals

Total revenue
$1,848,128
Total expenses
$1,058,876
Contributions and grants received
$1,650,411
Grants paid
$961,636
Program service revenue
$0
Investment income
$91,649
Other revenue
$106,068
Total assets, end of year
$8,165,040
Total liabilities, end of year
$5,602,501
Net assets or fund balances, end of year
$2,562,539
Program services expenses (Part IX)
$963,588
Management and general expenses
$95,288
Fundraising expenses
$0
Program service expenses (Part III)
$963,588

Program services were 91.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $25,611

  • 1f · All other contributions, gifts and grants

    $1,624,800

  • 3 · Investment income

    total $91,649 · excluded $91,649

  • 6a · Gross rents

    real property $119,444

  • 6b · Less rental expenses

    real property $102,201

  • 6c · Rental income or loss

    real property $17,243

  • 6d · Net rental income or loss

    total $17,243 · related or exempt $17,243

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $25,611

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: CHANGE IN ALLOWANCE

    total $88,825 · related or exempt $88,825

  • 11e · Other revenue, total

    $88,825

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $961,636 · program services $961,636

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 12 · Advertising and promotion

    total $3,329 · management and general $3,329

  • 13 · Office expenses

    total $1,495 · management and general $1,495

  • 24a · Other expenses: MISCELLANEOUS

    total $87,333 · program services $1,952 · management and general $85,381

  • 24b · Other expenses: ADMIN EXP-ENDOWMENT FUN

    total $1,776 · management and general $1,776

  • 24c · Other expenses: BANK CHARGES

    total $807 · management and general $807

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $261,869 · end of year $156,471

  • 2 · Savings and temporary cash investments

    beginning of year $975,770 · end of year $959,004

  • 3 · Pledges and grants receivable

    beginning of year $4,518,580 · end of year $4,679,565

  • 4 · Accounts receivable

    beginning of year $3,991

  • 15 · Other assets

    beginning of year $2,760,000 · end of year $2,370,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $59 · end of year $2,139

  • 19 · Deferred revenue

    beginning of year $547,327 · end of year $74,554

  • 20 · Tax-exempt bond liabilities

    beginning of year $2,760,000 · end of year $2,370,000

  • 25 · Other liabilities

    beginning of year $3,350,712 · end of year $3,155,808

  • 28 · Net assets with donor restrictions

    beginning of year $1,862,112 · end of year $2,562,539

Mission and programs · 2023

Mission

TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, AND PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION.

Activities or mission (Part I)

TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION.

  • KRAFT FIELD IS A BASEBALL FIELD THAT IS BEING RENOVATED WITH A NEW GRANDSTAND, PLAYERS AREA, RESTROOMS, AND CONCESSION STAND. CONSTRUCTION STARTED IN 2023 AND WILL BE COMPLETED IN 2024.

    Expenses $349,594 · Grants $349,594

  • EAGLES ARENA IS AN ICE ARENA USED BY ALL AGES FOR PUBLIC SKATING, HOCKEY, AND FIGURE SKATING EVENTS AND IS BEING RENOVATED.

    Expenses $351,683 · Grants $351,683

  • NORTHERN VALLEY LAW ENFORCEMENT MEMORIAL IS A PARK TO BE USED FOR LAW ENFORCEMENT, THEIR FAMILIES, AND FRIENDS TO CELEBRATE, RECOGNIZE, AND REMEMBER THE LIVED OF LAW ENFORCEMENT.

    Expenses $71,984 · Grants $71,984

  • GENERAL DONATION FUND EXPENSES AND BOOK/TAX DIFFERENCE FOR ALLOWANCES FOR UNCOLLECTIBLES AND PRESENT VALUE

    Expenses $190,327 · Grants $188,375

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Greg Ladouceur

    DIRECTOR

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5

  • Jordan McIntyre

    SECRETARY/TREASURER

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5

  • Cody Bartholomew

    VICE PRESIDENT

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5

  • Russ Kraft

    PRESIDENT

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5

  • Tim Skarperud

    DIRECTOR

    Total calculated
    $4,200
    From this org
    $0
    From related orgs
    $4,200
    Other
    $0
    Hours/week
    0.5

  • George Hellyer

    EXECUTIVE DIRECTOR

    Total calculated
    $150,245
    From this org
    $0
    From related orgs
    $128,580
    Other
    $21,665
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,580 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,371 related
    Nontaxable benefits
    $0 + $12,294 related
    Filer's total
    $0 + $150,245 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

FORM 990, SCHEDULE J, LINE 3:
GRAND FORKS PARK DISTRICT, A RELATED ORGANIZATION OF THE FOUNDATION, PERFORMED A COMPENSATION STUDY IN 2023. THEY USED THIS TO ALIGN ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, WITH THE STUDY RECOMMENDATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • GRAND FORKS PARK DISTRICT

    $0

    TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES.

  • ALTRU FAMILY YMCA

    $0

    TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • GRAND FORKS PARK DISTRICT

    N/A · TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. · ND

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2024
IRS schema version
2023v5.0
Source object
202401359349301975

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