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← SPOKANE PARKS FOUNDATION

Form 990 for tax year 2024

Filed by SPOKANE PARKS FOUNDATION.

Totals

Total revenue
$530,410
Total expenses
$391,535
Contributions and grants received
$342,024
Grants paid
$229,837
Program service revenue
$12,559
Investment income
$184,428
Other revenue
-$8,601
Total assets, end of year
$2,278,566
Total liabilities, end of year
$4,382
Net assets or fund balances, end of year
$2,274,184
Program services expenses (Part IX)
$337,766
Management and general expenses
$46,060
Fundraising expenses
$7,709
Program service expenses (Part III)
$337,766

Program services were 86.3% 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

    $22,267

  • 1f · All other contributions, gifts and grants

    $319,757

  • 1g · Noncash contributions included above

    $7,827

  • 2a · Program service revenue: Fund Management Fees

    total $12,559 · related or exempt $12,559

  • 3 · Investment income

    total $52,853 · excluded $52,853

  • 7a · Gross sales of assets other than inventory

    securities $429,830

  • 7b · Less cost or other basis and sales expenses

    securities $298,255

  • 7c · Gain or loss

    securities $131,575

  • 7d · Net gain or loss

    total $131,575 · excluded $131,575

  • 8a · Fundraising events: gross income

    $12,177

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

    $22,267

  • 8b · Fundraising events: direct expenses

    $20,778

  • 8c · Net income from fundraising events

    total -$8,601 · excluded -$8,601

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $229,837 · program services $229,837

  • 5 · Compensation of officers, directors and key employees

    total $80,317 · program services $56,222 · management and general $20,079 · fundraising $4,016

  • 10 · Payroll taxes

    total $7,176 · program services $5,023 · management and general $1,794 · fundraising $359

  • 11c · Fees: accounting

    total $5,693 · program services $1,474 · management and general $3,516 · fundraising $703

  • 11f · Fees: investment management

    total $7,514 · management and general $7,514

  • 11g · Fees: other

    total $5,700 · program services $5,700

  • 12 · Advertising and promotion

    total $12,777 · program services $8,944 · management and general $3,194 · fundraising $639

  • 13 · Office expenses

    total $27,152 · program services $19,006 · management and general $6,788 · fundraising $1,358

  • 14 · Information technology

    total $2,671 · program services $2,671

  • 16 · Occupancy

    total $690 · program services $483 · management and general $172 · fundraising $35

  • 17 · Travel

    total $128 · program services $90 · management and general $32 · fundraising $6

  • 19 · Conferences, conventions and meetings

    total $4,648 · program services $3,254 · management and general $1,162 · fundraising $232

  • 23 · Insurance

    total $1,963 · program services $1,374 · management and general $491 · fundraising $98

  • 24e · All other expenses

    total $5,269 · program services $3,688 · management and general $1,318 · fundraising $263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $587,349 · end of year $549,616

  • 2 · Savings and temporary cash investments

    beginning of year $27,993 · end of year $19,390

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37 · end of year $0

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

    $758

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

    $758

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,474,353 · end of year $1,709,560

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,111 · end of year $4,382

  • 27 · Net assets without donor restrictions

    beginning of year $718,787 · end of year $772,644

  • 28 · Net assets with donor restrictions

    beginning of year $1,366,834 · end of year $1,501,540

Mission and programs · 2024

Mission

The Spokane Parks Foundation cultivates the health, growth, and continued enjoyment of our communities by inspiring giving and passion for our parks.

Activities or mission (Part I)

Improve parks in the greater Spokane area through donations for activities & community projects.

  • The Spokane Parks Foundation, through our Community Grants Program, provides funding to improve and enhance public parks, as well as create equity and accessibility for all community members. The beneficiaries of our efforts are the citizens of Spokane and Spokane County, as well as visitors to our region. The objectives of our grants are to fund community driven initiatives, park amenities, outdoor events and park programs that enhance our public parks, support physical and recreational activities, and create equity and accessibility for all. (Continued on Schedule O)Grants included support for:- Police Adventure Leagues in Airway Heights, City of Spokane, and City of Spokane Valley, providing fun, safe, educational, and healthy outdoor activities for underserved youth.- City of Cheney Parks and Recreation for new shade structures and benches in the newly built dog park.- City of Spokane Parks and Recreation scholarships for low-income youth to be able to participate in Therapeutic Recreation Services Funshine Day Camp for kids with developmental or physical disabilities and Outdoor Adventure Youth and Teen Day Camp.- High Bridge Disc Golf Course for new disc golf baskets.- Medical Lake Parks and Recreation for their Summer Explorer Camp.- Mt. Spokane Ski and Snowboard Park for their Learn to Ski program.- Northeast Youth Center for park field trips.- Peak 7 Adventures for outdoor adventure scholarships for low-income youth.- Spokane County Parks and Recreation for a halfcourt basketball court in Fish Lake Regional Park.- Spokane Eastside Reunion Association for their Summer Basketball Camp in Underhill Park.- Spokane Pickleball Club to stripe 18 pickleball courts in Comstock Park's tennis courts, to meet the overwhelming community demand for pickleball.- Spokane Valley Parks and Recreation Summer Day and TEEN camp scholarships.- West Central Neighborhood Council to install accessible picnic tables, shelters and mounted grills in AM Cannon Park.- World Relief for their Family Fun Day for refugee and immigrant community members in AM Cannon Park. - Free swim days, free swim events and free swim lessons for underserved youth at 12 aquatics centers throughout Spokane County.

    Expenses $337,766 · Grants $229,837 · Revenue $12,559

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

Listed in Part VII

  • Wade Schertenlieb

    President

    Total calculated
    $0
    Hours/week
    2

  • Gene Fitzpatrick

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Craig Anderson

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Kevin Hennessey

    Immediate Past President

    Total calculated
    $0
    Hours/week
    1

  • Barbara Richey

    Spokane Park Board Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mel Fowler

    Spokane County Park Board

    Total calculated
    $0
    Hours/week
    1

  • Annie Blake-Burke

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Dana Harbaugh

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Bill Bender

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Massoud Emani

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Roger Chase

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Ted McGregor

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Amy Lutz

    Member at Large

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Trudeau

    Executive Director

    Total calculated
    $80,317
    From this org
    $80,317
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 Spokane

    $19,252

    Cash Grants: To support Make a Splash scholarships and drowning prevention, Riverfront Moves, and the Outdoor Adventure Camp. Noncash assistance: To improve the Riverfront Park greenspace and support the future dog park and outdoor classroom for the benefit of the community.

  • Spokane County Parks Recreation and Golf

    $14,000

    $10,000 Make a Splash grant award for swim lesson scholarships and free community open swim opportunities, plus $4000 grant award for Fish Lake half court basketball court.

  • YMCA of the Inland Northwest

    $10,000

    Make a Splash grant award for swim lesson scholarships.

  • City of Medical Lake Parks & Rec

    $7,000

    Community grant award for Summer Explorer's Camp.

  • Northeast Youth Center

    $6,000

    Community grant award for outdoor park field trips.

  • City of Airway Heights Police Department

    $6,000

    Community grant award for Police Adventure League summer outreach program.

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202512959349302256

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