Form 990 for tax year 2023

Totals

Total revenue

$12,805,116

Total expenses

$1,746,389

Contributions and grants received

$12,416,113

Grants paid

$125,030

Program service revenue

$0

Investment income

$449,503

Other revenue

-$60,500

Total assets, end of year

$13,795,160

Total liabilities, end of year

$10,020,253

Net assets or fund balances, end of year

$3,774,907

Program services expenses (Part IX)

$1,142,828

Management and general expenses

$372,869

Fundraising expenses

$230,692

Program service expenses (Part III)

$1,142,828

Program services were 65.4% 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 · 2023

• SEE SCHEDULE O.MAJOR MULTI-YEAR CAPITAL INVESTMENTSRIVERFIRSTTHE RIVERFIRST INITIATIVE IS A 20-YEAR VISION FOR TRANSFORMING 5.5 MILES OF HEAVILY INDUSTRIALIZED MISSISSIPPI RIVERFRONT FROM DOWNTOWN MINNEAPOLIS TO THE CITY'S NORTHERN LIMIT WITH A SERIES OF INTERCONNECTED PARKS AND TRAILS. THE MINNEAPOLIS PARKS FOUNDATION (MPF) COLLABORATES WITH THE MINNEAPOLIS PARK & RECREATION BOARD (MPRB), THE CITY OF MINNEAPOLIS, AND OTHER PUBLIC AND PRIVATE PARTNERS TO REALIZE THE RIVERFIRST VISION OF RESTORING A RELATIONSHIP BETWEEN UNDER-RESOURCED COMMUNITIES IN NORTH MINNEAPOLIS AND THE REGION'S GREATEST NATURAL ASSET THE MISSISSIPPI RIVER. MPF'S ROLE IS TO ADVOCATE FOR INNOVATION, RAISE PRIVATE PHILANTHROPY FOR RIVERFIRST PROJECTS, AND ENGAGE THE COMMUNITY TO KEEP THIS VISION A PRIORITY FOR THE CITY, IMPLEMENTING AGENCIES, POLICYMAKERS, AND FUNDERS.MPF BUILT AWARENESS AND USE OF WATER WORKS AT MILL RUINS PARK AND THE OVERLOOK AT 26TH AVE N, WHICH CONTINUES TO EXPERIENCE A GROWING NUMBER OF VISITORS AFTER OPENING IN 2021. ACTIVITIES CONTINUE AROUND RIVERFIRST WITH PLANNING FOR AN ADDITIONAL PHASE OF PARK GROWTH AT WATERWORKS, THE TRAIL EXTENSION CONNECTING OLE OLSON PARK TO THE OVERLOOK, AS WELL AS A PLANNING FOR A POSSIBLE PEDESTRIAN BRIDGE CONNECTING NORTH TO NORTHEAST MINNEAPOLIS OVER THE MISSISSIPPI IN THE SAME AREA AS THE OVERLOOK.NORTH COMMONS PARKLIKE RIVERFIRST AND THROUGH THE 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. IN 2023, MPF ENTERED INTO A FUNDRAISING AGREEMENT WITH MPRB TO SUPPORT FUNDING FOR THE NORTH COMMONS PROJECT WITH A $20M COMPREHENSIVE CAPITAL CAMPAIGN. OUR WORK INCLUDED 1) SECURING LEADERSHIP FUNDING; 2) PLANNING AND HOSTING ENGAGEMENT EVENTS WITH COMMUNITY COLLABORATORS; 3) INITIATING A CAPITAL CAMPAIGN COMMITTEE, AND 4) PROMOTING ENGAGEMENT AND ADVOCACY AND AMPLIFYING PARK AND PROJECT AWARENESS. EQUITABLE INVESTMENTS THROUGHOUT MINNEAPOLIS PARKSTHE MINNEAPOLIS PARKS FOUNDATION IS THE ONLY INDEPENDENT DONOR-SUPPORTED NONPROFIT THAT CONTRIBUTES ACROSS THE ENTIRE MINNEAPOLIS PARK SYSTEM. WE COLLABORATE WITH COMMUNITY TO UNLOCK PROJECTS AND PROGRAMS THAT PROMOTE EQUITY AND CULTURAL INCLUSION, HEALTH AND WELLBEING, CONNECTIONS TO THE NATURAL WORLD, CLIMATE RESILIENCE, AND ECONOMIC VITALITY.PEOPLE FOR PARKS FUNDCREATED IN 2020 THROUGH OUR CONSOLIDATION WITH PEOPLE FOR PARKS, THE PEOPLE FOR PARKS FUND CARRIES FORWARD A 40-YEAR LEGACY OF GRANT MAKING FOR SMALL NEIGHBORHOOD-BASED PROJECTS AND PROGRAMS IN MINNEAPOLIS PARKS. IN 2023, WE (1) INITIATED THE FUND'S THIRD GRANT CYCLE, DISTRIBUTING GRANTS TO LOCAL NONPROFITS AND AGENCIES; (2) DOCUMENTED THE OUTCOMES OF 2023 GRANTS WITH PROFILES ON OUR BLOG; (3) HOSTED THE POSTERS FOR PARKS SHOW, A FUNDRAISING EVENT CO-HOSTED BY LOVEMPLSPARKS WITH PROCEEDS SUPPORTING THE PEOPLE FOR PARKS FUND; (4) PARTNERED LOCAL RESTAURANTS 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.REIMAGINING THE CIVIC COMMONSREIMAGINING THE CIVIC COMMONS (RCC) IS A COLLABORATIVE EFFORT OF NATIONAL FOUNDATIONS AND LOCAL PARTNERS WORKING TO TRANSFORM PUBLIC SPACES IN WAYS THAT ADVANCE ENGAGEMENT, EQUITY, ENVIRONMENTAL SUSTAINABILITY, AND ECONOMIC DEVELOPMENT. IN 2023, MPF BECAME A PARTICIPATING ORGANIZATION AND PASSED THE CONVENER OF RCC ON. OUR WORK IS STILL GUIDED BY THE VALUES OF RCC.FOSTERING ENGAGEMENTMPF SEEKS TO CONNECT PEOPLE TO EACH OTHER AND NATURE THROUGH OUR PARKS. IN 2023, WE (1) HOSTED TWO NEW WALK & TALKS AND PUBLISHED COORDINATING SELF-GUIDED TOURS; AND (2) RE-STOCKED 50+ LITTLE FREE LIBRARIES WITH MORE THAN 1,500 CULTURALLY RELEVANT ADULT AND CHILDREN'S BOOKS, (3) HOSTED AN EARTH DAY CLEAN-UP ENGAGING MORE THAT 100 VOLUNTEERS TO CLEAN UP MINNEHAHA FALLS PARK AND (4)CO-HOSTED A COMMUNITY DESIGN CHARET AROUND THE NORTH COMMONS PARK PROJECT WITH THE PARK AND RECREATION BOARD.EVENTSNEXT GENERATION OF PARKS EVENT SERIESTHROUGH MPF'S ALWAYS-FREE NEXT GENERATION OF PARKS EVENTS, GLOBAL DESIGN INNOVATORS AND THOUGHT-LEADERS DEMYSTIFY THE INTERSECTION OF PARKS AND THE IMPORTANT ISSUES OF THE DAY, INCLUDING EQUITY, CLIMATE CHANGE, PHYSICAL AND MENTAL HEALTH, AND VALUE CREATION. IN 2023, MPF HOSTED THREE IN PERSON NEXT GENERATION OF PARKS EVENTS, WELCOMING MIKYOUNG KIM IN MARCH, JOS GONZLEZ IN MAY, AND SUPERINTENDENT AL BANGOURA IN DECEMBER.POSTERS FOR PARKSPOSTERS FOR PARKS IS AN ANNUAL FUNDRAISING EVENT THAT SUPPORTS THE PEOPLE FOR PARKS FUND. IN 2023, 44 ARTISTS CREATED ORIGINAL WORKS OF ART WHICH WERE SOLD AT AN IN-PERSON GALLERY EVENT ON OCTOBER 14, 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 MISSISSIPPINEARLY 250 PEOPLE GATHERED UNDER THE BIG TENT ON THURSDAY, SEPTEMBER 7, FOR OUR ANNUAL BREAKFAST BENEFIT, SUNRISE ON THE MISSISSIPPI. WE WELCOMED NISHA BOTCHWEY, DEAN OF THE HUMPHREY SCHOOL OF PUBLIC AFFAIRS, WHO TALKED ABOUT THE SIGNIFICANCE AND IMPORTANCE OF PARKS IN OUR PUBLIC REALM. WE ALSO WELCOMED HARMONEE HARRISON AND ZAVIEN NEAL, BOTH YOUTH APPRENTICES FROM JUXTAPOSITION ARTS, TO HIGHLIGHT THE MAKING OF AND INSPIRATION BEHIND THE NEWLY CREATED RIVERVIEW ART INSTALLATION ALONG 26TH AVE. N.SUNSET IN THE PARKSWE HOSTED OVER 140 GUESTS FOR A NEW FUNDRAISER AT LONGFELLOW GARDENS. IT WAS A NIGHT OF COMMUNITY JOY, GOOD FOOD, AND MUSIC. THIS WAS A NEW EVENT THAT WE HOPE WILL FEEL MORE INCLUSIVE, DRIVE COMMUNITY-BASED FUNDRAISING FOR THE PEOPLE FOR PARKS FUND AND GROW IN SUBSEQUENT YEARS.

  Expenses $1,142,828 · Grants $125,030

As filed on the 2023 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. 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

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

• MINNEAPOLIS PARK AND RECREATION BOARD

  $92,270

  RIVERFIRST, RECREATION PROGRAMS, & PLAYGROUND EQUIPMENT

• URBAN STRATEGIES

  $8,300

  GREEN GARDEN BAKERY - ACTIVE CHEFS

• MISSISSIPPI PARK CONNECTION

  $6,000

  BIPOC IN THE OUTDOORS

• HUNTERS OF COLOR

  $5,000

  BAZTEC FISHING OUTDOORS - BIPOC URBAN FISHING

Provenance

Return type

form_990

Tax year

2023

Filed

12 April 2024

IRS schema version

2023v5.0

Source object

202441139349300724

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