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Nonprofiteer
← INDIANAPOLIS PARKS FOUNDATION INC

Form 990 for tax year 2022

Filed by INDIANAPOLIS PARKS FOUNDATION INC.

Totals

Total revenue
$2,445,621
Total expenses
$1,951,186
Contributions and grants received
$2,540,281
Grants paid
$1,177,818
Program service revenue
$0
Investment income
$30,272
Other revenue
-$124,932
Total assets, end of year
$2,823,680
Total liabilities, end of year
$314,587
Net assets or fund balances, end of year
$2,509,093
Program services expenses (Part IX)
$1,199,306
Management and general expenses
$451,128
Fundraising expenses
$300,752
Program service expenses (Part III)
$1,199,306

Program services were 61.5% 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

    $371,118

  • 1f · All other contributions, gifts and grants

    $2,169,163

  • 3 · Investment income

    total $5,604 · excluded $5,604

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $24,668

  • 7c · Gain or loss

    securities $24,668

  • 7d · Net gain or loss

    total $24,668 · excluded $24,668

  • 8a · Fundraising events: gross income

    $0

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

    $371,118

  • 8b · Fundraising events: direct expenses

    $124,932

  • 8c · Net income from fundraising events

    total -$124,932 · excluded -$124,932

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,177,818 · program services $1,177,818

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $142,950 · management and general $85,770 · fundraising $57,180

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $236,935 · management and general $142,161 · fundraising $94,774

  • 8 · Pension plan contributions

    total $41,299 · management and general $24,779 · fundraising $16,520

  • 9 · Other employee benefits

    total $118,667 · management and general $71,200 · fundraising $47,467

  • 10 · Payroll taxes

    total $34,572 · management and general $20,743 · fundraising $13,829

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $15,914 · management and general $9,548 · fundraising $6,366

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $19,071 · management and general $11,443 · fundraising $7,628

  • 11g · Fees: other

    total $31,460 · management and general $18,876 · fundraising $12,584

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $36,611 · management and general $21,967 · fundraising $14,644

  • 14 · Information technology

    total $9,856 · management and general $5,914 · fundraising $3,942

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $15,626 · management and general $9,376 · fundraising $6,250

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $48,919 · management and general $29,351 · fundraising $19,568

  • 23 · Insurance

    total $0

  • 24a · Other expenses: GRANTS ADMINISTRATION

    total $21,488 · program services $21,488

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $1,261,836 · end of year $1,341,504

  • 3 · Pledges and grants receivable

    beginning of year $53,000 · end of year $249,192

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,391 · end of year $19,816

  • 10a · Land, buildings and equipment: cost or other basis

    $631,101

  • 10b · Land, buildings and equipment: accumulated depreciation

    $88,856

  • 10c · Land, buildings and equipment, net

    beginning of year $591,165 · end of year $542,245

  • 11 · Investments: publicly traded securities

    beginning of year $498,411 · end of year $384,125

  • 12 · Investments: other securities

    beginning of year $360,916 · end of year $278,157

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $8,641

  • 17 · Accounts payable and accrued expenses

    beginning of year $653,660 · end of year $305,946

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $8,641

  • 27 · Net assets without donor restrictions

    beginning of year $389,472 · end of year $136,058

  • 28 · Net assets with donor restrictions

    beginning of year $1,742,587 · end of year $2,373,035

Mission and programs · 2022

Mission

THE PARKS ALLIANCE IS A LEADER IN DEVELOPING AND SUSTAINING INDIANAPOLIS PARKS AND GREENWAYS BY CONNECTING RESOURCES TO NEEDS TO BETTER ESTABLISH AND MAINTAIN A SAFE AND THRIVING COMMUNITY.

Activities or mission (Part I)

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

  • 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.

    Expenses $1,199,306 · Grants $1,177,818

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lori Hazlett

    PRESIDENT & CEO

    Total calculated
    $142,950
    From this org
    $92,344
    From related orgs
    $0
    Other
    $50,606
    Hours/week
    37.5

  • Lori Miser

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Scott Sutton

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ryan Vaughn

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Vincent Ash

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lesley Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Osburn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jenn Schimmelpfennig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Alan Bacon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Todd Wilson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Victoria Temple-Schneider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tanya Sovinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Twyman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

  • City of Indianapolis Dept Of Parks & Recreation

    $1,177,818

    Park Improvement

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • IMPACT CENTRAL INDIANA

    N/A · CHARITABLE · IN · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323189349308627

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