Civic Intelligence

Indianapolis Parks Foundation Inc.

990 • Fiscal year 2019 • EIN 35-1860468

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

615 N ALABAMA STREET Suite AIndianapolis, IN 46204

(317) 860-3250

Siviq Scores

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

Liabilities / Assets

38th percentile

0.11x

Higher debt load relative to assets than 38% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

77th percentile

0.82x

Higher debt load relative to revenue than 77% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

2nd percentile

-204%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

31st percentile

$125,815

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

5th percentile

-16%

Faster asset growth than 5% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$10,997,763

Down $2,023,375 (-16%) from 2018

Net Assets

Down

$9,824,156

Down $2,903,910 (-23%) from 2018

Liabilities

Up

$1,173,607

Up $880,535 (+300%) from 2018

Revenue

Down

$1,439,591

Down $10,240,900 (-88%) from 2018

Expenses

Up

$4,374,101

Up $1,205,121 (+38%) from 2018

Net Income

Down

-$2,934,510

Down $11,446,021 (-134%) from 2018

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

2019

Assets$10,997,763
Liabilities$1,173,607
Net Assets$9,824,156

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

2019

Revenue$1,439,591
Expenses$4,374,101
Net Income-$2,934,510
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,518,696
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$11,785,540$9,992,781▼ $1,792,759
Investments in Publicly Traded Securities$381,931$411,310▲ $29,379
Investments Other Securities$276,570$297,844▲ $21,274
Pledges and Grants Receivable$570,334$283,000▼ $287,334
Prepaid Expenses and Deferred Charges$6,564$12,828▲ $6,264
Land, Buildings, and Equipment, Net$199$0▼ $199
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$13,021,138$10,997,763▼ $2,023,375
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$293,072$1,173,607▲ $880,535
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$293,072$1,173,607▲ $880,535
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,877,035$9,044,828▼ $2,832,207
Net Assets Without Donor Restrictions$851,031$779,328▼ $71,703
Total Net Assets Fund Balance$12,728,066$9,824,156▼ $2,903,910
Total Liabilities and Net Assets / Fund Balance$13,021,138$10,997,763▼ $2,023,375

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,891$5,891

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$658,501-▲ $82,903-$709,154
2018$684,379-▼ $16,125-$658,501
2017$607,108-▲ $83,547-$684,379
2016$583,712-▲ $32,159-$607,108
2015$600,193-▼ $7,125-$583,712
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori HazlettPresidentFT$104,000$21,815$125,815

Board Members and Trustees

NameTitle
Victoria TempleBoard Chair
Ryan VaughnVice Chair
Aaron DixonBoard Member
Jenn SchimmelpfennigBoard Member
John JacksonBoard Member
Kevin OsburnBoard Member
Lori MiserBoard Member
Michael TwymanBoard Member
Michael Wm WeishaarBoard Member
Ryan CambridgeBoard Member
Tanya SovinskiBoard Member
Angela WethingtonSecretary
Scott SuttonTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Smock Fansler CooperationConstruction2910 West Minnesota Street, Indianapolis, IN 46241$746,776
RatioArchitect101 South Pennsylvania Street, Indianapolis, IN 46204$705,459
Central Indiana Community FoundatioManagement615 N Alabama Street, Indianapolis, IN 46202$453,414
Globe Asphalt Paving Co IncPaving6445 E 30th Street, Indianapolis, IN 46219$110,964
Revenue and Support

Revenue Composition

Contributions and Grants
$1,139,581
Program Service Revenue
$0
Investment Income
$227,760
Other Revenue
$72,250
All Other Contributions
$956,091
Change in Net Assets
$-2,934,510

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,439,591
Revenue Not Reported on Form 990
$146,908
Total Revenue per Audited Statements
$1,586,499
Total Revenue per Form 990
$1,439,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,744,354
Salaries, Compensation, and Employee Benefits$494,072
Total Fundraising Expense$243,259
Other Expenses$135,675
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,744,354--$3,744,354
Other Salaries and Wages-$123,292$82,195$205,487
Current Officers, Directors, Trustees, and Key Employees-$75,489$50,326$125,815
Pension Plan Contributions-$44,743$29,828$74,571
Other Employee Benefits-$37,176$24,784$61,960
Fees for Services Other-$34,801$23,201$58,002
Payroll Taxes-$15,743$10,496$26,239
Other Expenses$21,600--$21,600
Office Expenses-$11,525$7,684$19,209
Fees for Services Accounting-$8,697$5,798$14,495
Fees for Service Investment Mgmnt Fees-$6,506$4,337$10,843
Conferences and Meetings-$5,149$3,432$8,581
Information Technology-$1,648$1,098$2,746
Depreciation Depletion-$119$80$199
Total Functional Expenses$3,765,954$364,888$243,259$4,374,101

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,476,068
Expenses per Audited Statements$4,374,101
Total Expenses per Form 990$4,374,101
Expenses Not Reported on Form 990$101,967
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of Indianapolis Dept Of Parks & RecreationIndnpls, INGovernmentalPark Improvement$3,744,354
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$151,355
Fundraising Direct Expenses$79,105
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mayor's Lunch$272,755$148,855-$148,855
FarmRaiser$62,090$2,500-$2,500
Total Events$334,845$151,355$79,105$72,250
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
Business relationship with 35% controlled entity
No
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
Other officer compensation reviewed
No
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 december 2019.

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.

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 A, INDIANAPOLIS, IN 46204

Signing Officer

Name
Lori Hazlett
Title
President
Phone
3178603250
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori a Hazlett
Formed
1991
Legal Domicile
In
Voting Board Members
15
Independent Board Members
15
Employees
6
Volunteers
750

Preparer

Firm
Bkd Llp
Address
201 N Illinois Street, Indianapolis, IN 46204
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 endowment 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 $ 79,105

Schedule D, Part XII, Line 2D

Reconciliation of expenses: special events expenses $ 79,105

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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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)3 • $10M-$25M nonprofits