Civic Intelligence

Indianapolis Parks Foundation Inc.

990 • Fiscal year 2016 • EIN 35-1860468

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

615 N ALABAMA STREET Suite 119Indianapolis, IN 46204

(317) 860-3250

Siviq Scores

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

Liabilities / Assets

47th percentile

0.15x

Higher debt load relative to assets than 47% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

76th percentile

0.73x

Higher debt load relative to revenue than 76% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

3rd percentile

-147%

Higher net margin than 3% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

45th percentile

$109,556

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

69th percentile

11%

Faster revenue growth than 69% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$6,146,068

Down $1,634,415 (-21%) from 2015

Net Assets

Down

$5,204,508

Down $1,877,544 (-27%) from 2015

Liabilities

Up

$941,560

Up $243,129 (+35%) from 2015

Revenue

Up

$1,291,460

Up $125,770 (+11%) from 2015

Expenses

Down

$3,183,613

Down $584,032 (-16%) from 2015

Net Income

Up

-$1,892,153

Up $709,802 (+27%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $6,722,527Liabilities 2010: $433,799Net Assets 2010: $6,288,7282010Assets 2011: $4,942,652Liabilities 2011: $617,878Net Assets 2011: $4,324,7742011Assets 2012: $14,187,228Liabilities 2012: $454,809Net Assets 2012: $13,732,4192012Assets 2013: $13,122,944Liabilities 2013: $141,737Net Assets 2013: $12,981,2072013Assets 2014: $10,096,569Liabilities 2014: $381,553Net Assets 2014: $9,715,0162014Assets 2015: $7,780,483Liabilities 2015: $698,431Net Assets 2015: $7,082,0522015Assets 2016: $6,146,068Liabilities 2016: $941,560Net Assets 2016: $5,204,5082016Assets 2017: $4,535,425Liabilities 2017: $290,853Net Assets 2017: $4,244,5722017Assets 2018: $13,021,138Liabilities 2018: $293,072Net Assets 2018: $12,728,0662018Assets 2019: $10,997,763Liabilities 2019: $1,173,607Net Assets 2019: $9,824,1562019Assets 2020: $5,819,363Liabilities 2020: $705,246Net Assets 2020: $5,114,1172020Assets 2021: $2,785,719Liabilities 2021: $653,660Net Assets 2021: $2,132,0592021Assets 2022: $2,823,680Liabilities 2022: $314,587Net Assets 2022: $2,509,0932022Assets 2023: $1,603,137Liabilities 2023: $153,937Net Assets 2023: $1,449,2002023Assets 2024: $1,280,090Liabilities 2024: $171,495Net Assets 2024: $1,108,5952024

Highlighted filing

2016

Assets$6,146,068
Liabilities$941,560
Net Assets$5,204,508

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $3,989,1602010Expenses 2011: $5,798,6842011Expenses 2012: $4,286,3692012Revenue 2013: $1,523,132Expenses 2013: $2,318,052Net Income 2013: -$794,9202013Revenue 2014: $1,406,194Expenses 2014: $4,672,387Net Income 2014: -$3,266,1932014Revenue 2015: $1,165,690Expenses 2015: $3,767,645Net Income 2015: -$2,601,9552015Revenue 2016: $1,291,460Expenses 2016: $3,183,613Net Income 2016: -$1,892,1532016Revenue 2017: $1,127,424Expenses 2017: $2,137,407Net Income 2017: -$1,009,9832017Revenue 2018: $11,680,491Expenses 2018: $3,168,980Net Income 2018: $8,511,5112018Revenue 2019: $1,439,591Expenses 2019: $4,374,101Net Income 2019: -$2,934,5102019Revenue 2020: $1,063,054Expenses 2020: $5,792,016Net Income 2020: -$4,728,9622020Revenue 2021: $1,402,836Expenses 2021: $4,521,507Net Income 2021: -$3,118,6712021Revenue 2022: $2,445,621Expenses 2022: $1,951,186Net Income 2022: $494,4352022Revenue 2023: $1,351,256Expenses 2023: $2,456,059Net Income 2023: -$1,104,8032023Revenue 2024: $1,567,683Expenses 2024: $1,934,575Net Income 2024: -$366,8922024

Highlighted filing

2016

Revenue$1,291,460
Expenses$3,183,613
Net Income-$1,892,153
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.1
Gross Receipts
$1,350,115
Mission and Program Overview

Mission

The indianapolis parks foundation 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.

Increase access and availability of park spaces and programming for all residents and visitors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,786,962$5,217,961▼ $1,569,001
Investments in Publicly Traded Securities$338,553$352,123▲ $13,570
Pledges and Grants Receivable$404,539$317,500▼ $87,039
Investments Other Securities$245,159$254,985▲ $9,826
Prepaid Expenses and Deferred Charges$2,449$1,856▼ $593
Land, Buildings, and Equipment, Net$2,821$1,643▼ $1,178
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$7,780,483$6,146,068▼ $1,634,415
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$698,431$941,560▲ $243,129
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$698,431$941,560▲ $243,129
Net Assets / Fund Balance
Temporarily Rstr Net Assets$5,529,445$3,716,963▼ $1,812,482
Unrestricted Net Assets$968,895$880,437▼ $88,458
Permanently Rstr Net Assets$583,712$607,108▲ $23,396
Total Net Assets Fund Balance$7,082,052$5,204,508▼ $1,877,544
Total Liabilities and Net Assets / Fund Balance$7,780,483$6,146,068▼ $1,634,415

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,643$4,248$5,891

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$583,712-▲ $32,159-$607,108
2015$600,193-▼ $7,125-$583,712
2014$568,744-▲ $40,204-$600,193
2013$503,826$0▲ $72,691-$568,744
2012$423,316$104,120▲ $53,041-$503,826
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori HazlettPresidentFT$98,000$11,556$109,556

Board Members and Trustees

NameTitle
John JacksonBoard Chair
Victoria TempleVice Chair
Aaron DixonBoard Member
Angela WethingtonBoard Member
Greg FennigBoard Member
Jenn HoffmanBoard Member
Kevin OsburnBoard Member
Michael TwymanBoard Member
Michael Wm WeishaarBoard Member
Ryan VaughnBoard Member
Steve HenshawBoard Member
Tom ZupancicBoard Member
Lori MiserBoard Member (1/1 - 2/15)
Michael KaufmannSecretary
Scott SuttonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shiel SextonArchitect/contractor902 N CAPITAL AVE, Indianapolis, IN 46204$817,878
Landscape Forms INCConstructionPO BOX 78000 DEPT 78073, Detroit, MI 48278-0073$158,246
Playworld Mid-statesConstruction5828 ZARLEY ST SUITE B, New Albany, OH 43054$133,998
Revenue and Support

Revenue Composition

Contributions and Grants
$1,195,687
Program Service Revenue
$0
Investment Income
$48,178
Other Revenue
$47,595
All Other Contributions
$1,011,465
Change in Net Assets
$-1,892,153

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,291,460
Revenue Not Reported on Form 990
$90,925
Total Revenue per Audited Statements
$1,382,385
Total Revenue per Form 990
$1,291,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,713,618
Salaries, Compensation, and Employee Benefits$362,916
Total Fundraising Expense$148,373
Other Expenses$107,079
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,713,618--$2,713,618
Other Salaries and Wages-$108,445$53,364$161,809
Current Officers, Directors, Trustees, and Key Employees-$73,425$36,131$109,556
Pension Plan Contributions-$38,027$18,713$56,740
Fees for Services Other-$19,620$9,655$29,275
Payroll Taxes-$12,681$6,240$18,921
Other Employee Benefits-$10,650$5,240$15,890
Office Expenses-$10,497$5,166$15,663
Fees for Service Investment Mgmnt Fees-$8,690$4,276$12,966
Fees for Services Accounting-$7,557$3,718$11,275
Information Technology-$4,072$2,004$6,076
Conferences and Meetings-$3,966$1,951$5,917
Depreciation Depletion-$790$388$1,178
All Other Expenses-$532$262$794
Other Expenses$20,100$151$74$225
Total Functional Expenses$2,733,718$301,522$148,373$3,183,613

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,259,929
Expenses per Audited Statements$3,183,613
Total Expenses per Form 990$3,183,613
Expenses Not Reported on Form 990$76,316
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Indianapolis Dept of Parks & RecreationIndpls, IN501(c)(3)Park Improvement$2,713,618
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$106,250
Fundraising Direct Expenses$58,655
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
MAYOR'S LUNCH$236,581$93,750$11,709$82,041
Farmraiser$53,891$12,500$8,841$3,659
Total Events$290,472$106,250$58,655$47,595
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Members who may elect one or more members of governing board: central indiana community foundation appoints eight of the organization's board members.

Form 990, Part VI, Section B, Line 11B

Process to review the form 990: form 990 is sent electronically to board members for their review and comments. The president and treasurer do the detail review of the form 990 before it is filed. The form 990 is also reviewed by an independent accounting firm

Form 990, Part VI, Question 12C

Process for monitoring compliance with conflict of interest policy: conflict of interest forms are sent to board members at the beginning of each calendar year for review and signature. This form only requires a signature agreeing to the policy. Ipf president reviews and files those returned. Board members with a specific conflict would abstain discussion and voting when a conflict arises.

Form 990, Part VI, Section B, Line 15A

Review of ceo or top mgmt official compensation: the president's performance & compensation review is conducted annually by the chair of the board and included input from board members and staff. The last review was done in january 2016.

Form 990, Part VI, Section C, Line 19

Availability of governing documents, conflict of interest and fs: the organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request and on the organization's website.

Form 990, Part VIII, Lines 7A - 7C

Sale of securities: indianapolis parks foundation's investments are held by central indiana community foundation in a pooled fund. For this reason, the proceeds and cost basis from sales of securities are not readily available.

Filing and Contact Details

Filer

Filer Name
Indianapolis Parks Foundation Inc
EIN
35-1860468
In Care Of
% LORI HAZLETT
Phone
3178603250
Address
615 N ALABAMA STREET Suite 119, INDIANAPOLIS, IN 46204

Signing Officer

Name
Lori Hazlett
Title
President
Phone
3178603250
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori a Hazlett
Formed
1991
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
4
Volunteers
750

Preparer

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
Preparer
Nicole B Fishback
Phone
3173834000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 5; PART V, LINE 2A; & PART IX, LINES 7-10

Employees of organization: employees of indianapolis parks foundation, inc. Are paid using a common paymaster payroll system through central indiana community foundation, ein 35-1793680. Central indiana community foundation is then reimbursed for payroll expenses by indianapolis parks foundation, inc.

Financial Statement Notes

Schedule D, Part V, Line 4

Intended uses of the organization's endowments funds: the endowment fund is intended to be used for park related projects, programming or improvements.

Schedule D, Part X

Fin 48 disclosure: management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Reconciliation of revenue: special events expenses $ 58,655

Schedule D, Part XII, Line 2D

Reconciliation of expenses: special events expenses $ 58,655

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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
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IRS990/MissionDesc0THE INDIANAPOLIS PARKS FOUNDATION 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.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.17$1.11$1.57$1.93$0.37
2023Detailed filing. Detailed filing data is available for this year.$1.60$0.15$1.45$1.35$2.46$1.10
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.31$2.51$2.45$1.95$0.49
2021Detailed filing. Detailed filing data is available for this year.$2.79$0.65$2.13$1.40$4.52$3.12
2020Detailed filing. Detailed filing data is available for this year.$5.82$0.71$5.11$1.06$5.79$4.73
2019Detailed filing. Detailed filing data is available for this year.$11.0$1.17$9.82$1.44$4.37$2.93
2018Detailed filing. Detailed filing data is available for this year.$13.0$0.29$12.7$11.7$3.17$8.51
2017Detailed filing. Detailed filing data is available for this year.$4.54$0.29$4.24$1.13$2.14$1.01
2016Detailed filing. Detailed filing data is available for this year.$6.15$0.94$5.20$1.29$3.18$1.89
2015Detailed filing. Detailed filing data is available for this year.$7.78$0.70$7.08$1.17$3.77$2.60
2014Detailed filing. Detailed filing data is available for this year.$10.1$0.38$9.72$1.41$4.67$3.27
2013Detailed filing. Detailed filing data is available for this year.$13.1$0.14$13.0$1.52$2.32$0.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$0.45$13.7$4.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$0.62$4.32$5.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.72$0.43$6.29$3.99