Civic Intelligence

Parks Area Foundation

990 • Fiscal year 2017 • EIN 31-1742335

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization ProfileWWW.PARKSAREAFOUNDATION.ORG
PO Box 3323Des Moines, IA 50316

(515) 360-2529

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

70th percentile

0.29x

Higher debt load relative to assets than 70% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

78th percentile

0.51x

Higher debt load relative to revenue than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

97th percentile

78%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

94th percentile

79%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

95th percentile

168%

Faster revenue growth than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$1,374,308

Up $607,835 (+79%) from 2016

Net Assets

Up

$971,054

Up $615,015 (+173%) from 2016

Liabilities

Down

$403,254

Down $7,180 (-1.7%) from 2016

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin97th percentile

Revenue

Up

$793,087

Up $496,977 (+168%) from 2016

Expenses

Down

$178,072

Down $106,937 (-38%) from 2016

Net Income

Up

$615,015

Up $603,914 (+5440%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2016: $766,473Liabilities 2016: $410,434Net Assets 2016: $356,0392016Assets 2017: $1,374,308Liabilities 2017: $403,254Net Assets 2017: $971,0542017Assets 2018: $1,398,395Liabilities 2018: $390,863Net Assets 2018: $1,007,5322018Assets 2019: $605,316Liabilities 2019: $0Net Assets 2019: $605,3162019Assets 2020: $602,181Liabilities 2020: $0Net Assets 2020: $602,1812020Assets 2021: $533,459Liabilities 2021: $1,788Net Assets 2021: $531,6712021Assets 2022: $645,118Liabilities 2022: $1,788Net Assets 2022: $643,3302022Assets 2023: $566,507Liabilities 2023: $1,788Net Assets 2023: $564,7192023Assets 2024: $540,168Liabilities 2024: $4,388Net Assets 2024: $535,7802024

Highlighted filing

2017

Assets$1,374,308
Liabilities$403,254
Net Assets$971,054
Open 2017 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $296,110Expenses 2016: $285,009Net Income 2016: $11,1012016Revenue 2017: $793,087Expenses 2017: $178,072Net Income 2017: $615,0152017Revenue 2018: $159,220Expenses 2018: $129,542Net Income 2018: $29,6782018Revenue 2019: -$43,210Expenses 2019: $363,811Net Income 2019: -$407,0212019Revenue 2020: $49,591Expenses 2020: $58,724Net Income 2020: -$9,1332020Revenue 2021: $7,460Expenses 2021: $81,118Net Income 2021: -$73,6582021Revenue 2022: $146,173Expenses 2022: $21,904Net Income 2022: $124,2692022Revenue 2023: -$60,413Expenses 2023: $18,198Net Income 2023: -$78,6112023Revenue 2024: -$7,103Expenses 2024: $21,836Net Income 2024: -$28,9392024

Highlighted filing

2017

Revenue$793,087
Expenses$178,072
Net Income$615,015
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$793,087
Mission and Program Overview

Mission

Economic development in highland park, oak park, and union park area and promotion of historic redevelopment and educating public to benefits of community area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$662,775$650,994▼ $11,781
Savings and Temporary Cash Investments$21,763$624,542▲ $602,779
Cash and Non-Interest-Bearing Accounts$72,604$89,441▲ $16,837
Accounts Receivable$9,331$9,331→ $0
Total Assets$766,473$1,374,308▲ $607,835
Liabilities
Other Liabilities$224,365$224,365→ $0
Mortgage Notes Payable Secured by Investment Property$175,221$166,500▼ $8,721
Unsecured Notes Loans Payable$10,848$12,389▲ $1,541
Total Liabilities$410,434$403,254▼ $7,180
Net Assets / Fund Balance
Unrestricted Net Assets$356,039$971,054▲ $615,015
Total Net Assets Fund Balance$356,039$971,054▲ $615,015
Total Liabilities and Net Assets / Fund Balance$766,473$1,374,308▲ $607,835

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$612,994$70,824-
Land$38,000--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Ken BoatwrightVice President
Andy AndersonBoard Member
Bill WheelerBoard Member
Emily AndersonBoard Member
Gini WesternBoard Member
Jeff GartonBoard Member
Joan PowellBoard Member
Kathleen ZiemerBoard Member
Marilee DawsonBoard Member
Phyllis WheelerBoard Member
Tom CulverBoard Member
Pam ThompsonSecretary
Bill ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$720,801
Program Service Revenue
$52,004
Investment Income
$7,631
Other Revenue
$12,651
All Other Contributions
$374,003
Change in Net Assets
$615,015
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,072
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$43,731--$43,731
Fees for Service Investment Mgmnt Fees-$13,441-$13,441
Depreciation Depletion$11,781--$11,781
Insurance-$4,054-$4,054
Office Expenses-$2,735-$2,735
Occupancy-$1,660-$1,660
Conferences and Meetings-$300-$300
Advertising-$120-$120
Total Functional Expenses$155,762$22,310$0$178,072
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Ror$102,533$78,033$17,096$60,937
Total Events$102,533$78,033$70,800$7,233
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Forgiveable Loan$224,365
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

“Two husband/wife serve on board. One father/daughter serve on board.”

Form 990 governing body review Part VI line 11

“Draft of return is provided to board prior to filing and reviewed by the executive board.”

Governing documents etc available to public Part VI line 19

“All documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Parks Area Foundation
EIN
31-1742335
Address
PO BOX 3323, DES MOINES, IA 50316

Signing Officer

Name
Phyllis Wheeler
Title
Officer
Phone
5153331027
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rebecca Jo Harvey
Formed
1998
Legal Domicile
Ia
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
100

Preparer

Firm
Flagg & Company Cpas
Address
3737 WOODLAND AVENUE STE 410, WEST DES MOINES, IA 50266
Preparer
Michelle L Kilgore
Phone
5152438647
Supplemental Narrative

Additional Explanations

Unrelated business income explanation Part V line 3B

“Historic redevelopment and educating the public to benefits of community area.”

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IRS990/PYRevenuesLessExpensesAmt011101
IRS990/PYTotalExpensesAmt0285009
IRS990/PYTotalProfFndrsngExpnsAmt06069
IRS990/PYTotalRevenueAmt0296110
IRS990/ReconcilationRevenueExpnssAmt0615015
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt021763
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0624542
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0646405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0161925
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt036641
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt047304
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0911889
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07631
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0955
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08848
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt077163
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt077163
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07631
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt025
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0955
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08848
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99110
IRS990ScheduleA/PublicSupportPY509Pct00.99560
IRS990ScheduleA/PublicSupportTotal509Amt0989052
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0723568
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0161925
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt036641
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt019614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt047304
IRS990ScheduleA/Total509Grp/TotalAmt0989052
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0731199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0162021
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt036666
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt020569
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt047445
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0997900
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0612994
IRS990ScheduleD/BuildingsGrp/DepreciationAmt070824
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0683818
IRS990ScheduleD/LandGrp/BookValueAmt038000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0224365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FORGIVEABLE LOAN
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0650994
IRS990ScheduleD/TotalLiabilityAmt0224365
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt024500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt024500
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt070800
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt012385
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt012385
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0ROR
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt026235
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt026235
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0102533
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0102533
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt078033
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt078033
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07233
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt017096
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt017096
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt015084
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt015084
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HISTORIC REDEVELOPMENT AND EDUCATING THE PUBLIC TO BENEFITS OF COMMUNITY AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TWO HUSBAND/WIFE SERVE ON BOARD. ONE FATHER/DAUGHTER SERVE ON BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFT OF RETURN IS PROVIDED TO BOARD PRIOR TO FILING AND REVIEWED BY THE EXECUTIVE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Unrelated business income explanation Part V line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0766473
IRS990/TotalAssetsEOYAmt01374308
IRS990/TotalAssetsGrp/BOYAmt0766473
IRS990/TotalAssetsGrp/EOYAmt01374308
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0720801
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt022310
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0155762
IRS990/TotalFunctionalExpensesGrp/TotalAmt0178072
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0410434
IRS990/TotalLiabilitiesEOYAmt0403254
IRS990/TotalLiabilitiesGrp/BOYAmt0410434
IRS990/TotalLiabilitiesGrp/EOYAmt0403254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0356039
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0971054
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt04400
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt04400
IRS990/TotalProgramServiceExpensesAmt0155762
IRS990/TotalProgramServiceRevenueAmt052004
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt072286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0793087
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0766473
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01374308
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0356039

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,374,308
Liabilities
$403,254
Net assets
$971,054
Revenue
$793,087
Expenses
$178,072
Net income
$615,015
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.54$0.00$0.54$0.01$0.02$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.57$0.00$0.56$0.06$0.02$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.00$0.64$0.15$0.02$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.00$0.53$0.01$0.08$0.07
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.60$0.00$0.60$0.05$0.06$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$0.04$0.36$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.39$1.01$0.16$0.13$0.03
2017Detailed filing. Detailed filing data is available for this year.$1.37$0.40$0.97$0.79$0.18$0.62
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.41$0.36$0.30$0.29$0.01