Form 990 for tax year 2024

Totals

Total revenue

$5,204,165

Total expenses

$1,333,861

Contributions and grants received

$4,620,710

Grants paid

$172,231

Program service revenue

$0

Investment income

$618,150

Other revenue

-$34,695

Total assets, end of year

$17,673,555

Total liabilities, end of year

$13,234,559

Net assets or fund balances, end of year

$4,438,996

Program services expenses (Part IX)

$731,333

Management and general expenses

$363,032

Fundraising expenses

$239,496

Program service expenses (Part III)

$731,333

Program services were 54.8% 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.

Mission and programs · 2024

• RAISE FUNDS FOR TRANSFORMATIVE PARK INITIATIVESAS THE PRIMARY PHILANTHROPIC PARTNER OF THE MINNEAPOLIS PARK & RECREATION BOARD ("THE PARK & RECREATION BOARD"), THE MINNEAPOLIS PARKS FOUNDATION RAISES FUNDS FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER PARTNERS TO SUPPORT CAPITAL AND PROGRAMMATIC EFFORTS UNDERTAKEN BY THE PARK & RECREATION BOARD. THESE FUNDS ARE OFTEN HELD BY THE FOUNDATION AND DISTRIBUTED TO THE PARK & RECREATION BOARD IN ADVANCE OF CONSTRUCTION AND PROGRAMMING. THE FOUNDATION WORKS CLOSELY WITH THE PARK & RECREATION BOARD TO DETERMINE THE TIMING AND FLOW OF FUNDING. (CONTINUED ON SCHEDULE O)CURRENT EXAMPLES: TO DATE, THE FOUNDATION HAS RAISED OVER $12M FOR ITS TRANSFORMING NORTH COMMONS CAMPAIGN THAT WILL BE GRANTED DIRECTLY TO THE PARK & RECREATION BOARD. THESE FUNDS ARE CURRENTLY BEING HELD AND INVESTED BY THE FOUNDATION AND WILL BE GRANTED TO THE PARK & RECREATION BOARD AS PROJECT CONSTRUCTION GETS UNDERWAY, BEGINNING IN 2025. THE FOUNDATION ALSO CONTINUES TO STEWARD OVER $200,000 FROM ITS RIVER FIRST CAMPAIGN, WHICH WILL BE GRANTED TO THE PARK & RECREATION BOARD AS FUTURE RIVERFRONT DEVELOPMENT IS CONCEIVED.ADDITIONALLY, THE FOUNDATION HOLDS NEARLY $1M IN FUNDS FOR SPECIAL INITIATIVES. THIS INCLUDES FUNDS FOR SPECIAL PROJECTS SUCH AS NATIVE SPECIES PLANTING AND ASH TREE REMOVAL AND REPLACEMENT, AS WELL AS DEVELOPMENT AND IMPROVEMENT PROJECTS AT SITES LIKE THE JIM LUPIENT WATERPARK, THE ELOISE BUTLER WILDFLOWER GARDEN, AND MORE. THE FOUNDATION WILL GRANT FUNDS TO THE PARK & RECREATION BOARD FOR EACH PROJECT AT THE REQUEST OF THE PARK & RECREATION BOARD.MULTI-YEAR CAPITAL INVESTMENTSNORTH COMMONS PARKTHROUGH A LONG-RANGE MASTER PLANNING PROCESS, NORTH COMMONS PARK HAS EMERGED AS A TOP PRIORITY FOR BOTH THE NORTH MINNEAPOLIS COMMUNITY AND THE MINNEAPOLIS PARK AND RECREATION BOARD. AFTER ENTERING INTO A FUNDRAISING AGREEMENT WITH MPRB TO SUPPORT FUNDING FOR THE NORTH COMMONS PROJECT WITH A $20M COMPREHENSIVE CAPITAL CAMPAIGN IN 2023, OUR WORK CONTINUED IN 2024 AND INCLUDED 1) SECURING ADDITIONAL FUNDING; 2) PLANNING AND HOSTING ENGAGEMENT EVENTS WITH COMMUNITY PARTNERS AND THE YOUTH COUNCIL; 3) HOSTING DONOR TOURS AND FUNDRAISING HOUSE PARTIES; AND 4) PROMOTING ENGAGEMENT AND ADVOCACY AND AMPLIFYING PARK AND PROJECT AWARENESS. COMMUNITY INVESTMENT AND ENGAGEMENT THROUGHOUT MINNEAPOLIS PARKSGREAT PARKS MAKE GREAT NEIGHBORHOODS, AND GREAT NEIGHBORHOODS WEAVE TOGETHER INTO GREAT CITIES. THE MINNEAPOLIS PARKS FOUNDATION CELEBRATES ALL THE VARIED BENEFITS OF MINNEAPOLIS' NATIONALLY RENOWNED AND LOCALLY TREASURED SYSTEM, WHILE FOCUSING ON EXPANDING THE BENEFITS OF GREAT PARKS TO ALL MINNEAPOLIS RESIDENTS AND VISITORS. THE FOUNDATION COLLABORATES WITH COMMUNITY AND THE MINNEAPOLIS PARK & RECREATION BOARD TO SUPPORT PROJECTS AND PROGRAMS THAT INCREASE ENJOYMENT AND OPPORTUNITY ACROSS THE ENTIRE MINNEAPOLIS PARKS SYSTEM. PEOPLE FOR PARKS FUNDCREATED IN 2020 THROUGH OUR CONSOLIDATION WITH PEOPLE FOR PARKS, THIS FUND CARRIES FORWARD A 40-YEAR LEGACY OF GRANT MAKING FOR SMALL NEIGHBORHOOD-BASED PROJECTS AND PROGRAMS IN MINNEAPOLIS PARKS. IN 2024, WE (1) INITIATED THE FUND'S FOURTH GRANT CYCLE, DISTRIBUTING GRANTS TO LOCAL NONPROFITS AND AGENCIES; (2) DOCUMENTED THE OUTCOMES OF 2024 GRANTS WITH PROFILES ON OUR BLOG; (3) HOSTED THE POSTERS FOR PARKS SHOW, A FUNDRAISING EVENT WITH PROCEEDS SUPPORTING THE PEOPLE FOR PARKS FUND; (4) PARTNERED WITH LOCAL BUSINESSES FOR DINE-OUT NIGHTS AND COMMUNITY RUNS WITH PROCEEDS SUPPORTING THE FUND; AND (5) ADMINISTERED THE FUND UNDER GUIDANCE FROM THE ADVISORY COMMITTEE, CONSISTING OF MPF BOARD MEMBERS AND REPRESENTATIVES FROM THE COMMUNITY.FOSTERING ENGAGEMENTMPF WORKS TO BRIDGE CONNECTIONS BETWEEN INDIVIDUALS AND NATURE THROUGH PARKS AND PUBLIC SPACES. IN 2024, WE (1) HOSTED FOUR NEW WALK & TALKS FOR MORE THAN 115 PARTICIPANTS AND PUBLISHED COORDINATING SELF-GUIDED TOURS; AND (2) ENGAGED COMMUNITY AT A NEXT GENERATION OF PARKS EVENT AT THE MINNEAPOLIS INSTITUTE OF ART FOR MORE THAN 100 ATTENDEES, (3) RE-STOCKED 50+ LITTLE FREE LIBRARIES WITH MORE THAN 580 FICTION AND NON-FICTION BOOKS, AND (4) CO-HOSTED AN EARTH DAY CLEAN-UP ENGAGING MORE THAN 50 VOLUNTEERS TO CLEAN UP MINNEHAHA FALLS PARK.EVENTSNEXT GENERATION OF PARKS EVENT SERIESTHROUGH MPF'S ALWAYS-FREE NEXT GENERATION OF PARKS EVENTS, DESIGNERS, OUTDOOR ADVENTURERS, PARK LEADERS, AND MORE DEMYSTIFY THE INTERSECTION OF PARKS AND IMPORTANT COMMUNITY ISSUES, INCLUDING COMMUNITY RESILIENCY, PHYSICAL AND MENTAL HEALTH, LAND USE DEVELOPMENT AND VALUE CREATION. IN 2024, MPF HOSTED ONE IN PERSON NEXT GENERATION OF PARKS EVENT, WHICH FEATURED A SCREENING OF BLACKWATERS, FOLLOWED BY AN INSIGHTFUL PANEL DISCUSSION LED BY ANTHONY TAYLOR WITH TWO OF THE FILM'S CREATORS, DUDLEY EDMONDSON AND JAMES EDWARD MILLS, WHO TALKED ABOUT THE POWER OF BIPOC INDIVIDUALS IN WILD PLACES, THE INTERSECTIONALITY OF RACE AND GENDER, AND WALKING THROUGH STRUGGLE.POSTERS FOR PARKSPOSTERS FOR PARKS IS AN ANNUAL FUNDRAISING EVENT THAT SUPPORTS THE PEOPLE FOR PARKS FUND. IN 2024, 41 ARTISTS CREATED ORIGINAL WORKS OF ART WHICH WERE SOLD AT AN IN-PERSON GALLERY EVENT ON OCTOBER 19, FOLLOWED BY A WEEK OF ONLINE SALES. NEARLY 1,000 POSTERS WERE SOLD, WITH HALF OF EACH SALE GOING TO THE ARTIST AND PROCEEDS FROM THE REMAINING HALF SUPPORTING THE PEOPLE FOR PARKS FUND.SUNRISE ON THE MISSISSIPPIOVER 200 PARK ENTHUSIASTS GATHERED TO CELEBRATE THE 10TH ANNIVERSARY OF SUNRISE ON THE MISSISSIPPI, FEATURING AN INSIGHTFUL TALK BY AWARD-WINNING COMMUNITY ENGAGEMENT SPECIALIST AND FOUNDER OF FRIENDS OF ANACOSTIA PARK, AKIIMA PRICE. DURING HER PRESENTATION, AKIIMA PRICE HIGHLIGHTED HER IMPACTFUL RESTORATIVE PARK ENGAGEMENT WORK IN WASHINGTON D.C., SHARING POWERFUL INSIGHTS ABOUT THE ROLE OF COMMUNITY-DRIVEN CONSERVATION.

  Expenses $731,333 · Grants $172,231

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• MINNEAPOLIS PARK AND RECREATION BOARD

  $127,883

  SPECIAL PROJECTS

Provenance

Return type

form_990

Tax year

2024

Filed

17 April 2025

IRS schema version

2024v5.1

Source object

202541119349300734

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