Civic Intelligence

Friends of Garfield Park Inc

EIN 35-2066980 • 501(c)3 • Indianapolis, IN

Profile

Support and maintain garfield park as a community park on the south side of the city of indianapolis, indiana, sponsoring family events for the community throughout the year.

PO Box 33002Indianapolis, IN 46203

garfieldparkindy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.00x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

94th percentile

69%

Higher net margin than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

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

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

83rd percentile

23%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$5,188,809

Up $972,935 (+23%) from 2023

Liabilities

Up

$329

Up $329 from 2023

Net Assets

Up

$5,188,480

Up $972,606 (+23%) from 2023

Operations
Liabilities / Revenue11th percentileNet Margin94th percentile

Revenue

Down

$907,250

Down $1,878,393 (-67%) from 2023

Expenses

Up

$281,986

Up $61,543 (+28%) from 2023

Net Income

Down

$625,264

Down $1,939,936 (-76%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth83rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2012: $742,331Liabilities 2012: $0Net Assets 2012: $742,3312012Assets 2013: $821,235Liabilities 2013: $0Net Assets 2013: $821,2352013Assets 2014: $804,927Liabilities 2014: $0Net Assets 2014: $804,9272014Assets 2020: $1,237,568Liabilities 2020: $0Net Assets 2020: $1,237,5682020Assets 2021: $1,492,001Liabilities 2021: $0Net Assets 2021: $1,492,0012021Assets 2022: $1,572,303Liabilities 2022: $0Net Assets 2022: $1,572,3032022Assets 2023: $4,215,874Liabilities 2023: $0Net Assets 2023: $4,215,8742023Assets 2024: $5,188,809Liabilities 2024: $329Net Assets 2024: $5,188,4802024

Highlighted filing

2024

Assets$5,188,809
Liabilities$329
Net Assets$5,188,480
Open 2024 Filing

Operations Trend

Revenue Growth3rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $86,7232012Revenue 2013: $73,178Expenses 2013: $85,424Net Income 2013: -$12,2462013Revenue 2014: $87,559Expenses 2014: $146,085Net Income 2014: -$58,5262014Revenue 2020: $626,922Expenses 2020: $281,964Net Income 2020: $344,9582020Revenue 2021: $233,735Expenses 2021: $187,084Net Income 2021: $46,6512021Revenue 2022: $415,683Expenses 2022: $230,692Net Income 2022: $184,9912022Revenue 2023: $2,785,643Expenses 2023: $220,443Net Income 2023: $2,565,2002023Revenue 2024: $907,250Expenses 2024: $281,986Net Income 2024: $625,2642024

Highlighted filing

2024

Revenue$907,250
Expenses$281,986
Net Income$625,264
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,188,809
Liabilities
$329
Net assets
$5,188,480
Revenue
$907,250
Expenses
$281,986
Net income
$625,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.19$0.00$5.19$0.91$0.28$0.63
2023Detailed filing. Detailed filing data is available for this year.$4.22$0.00$4.22$2.79$0.22$2.57
2022Detailed filing. Detailed filing data is available for this year.$1.57$0.00$1.57$0.42$0.23$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.49$0.00$1.49$0.23$0.19$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.63$0.28$0.34
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.00$0.80$0.09$0.15$0.06
2013Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.07$0.09$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.00$0.74$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 3, 2025
Return Version
2024v5.2
Gross Receipts
$1,298,613
Mission and Program Overview

Mission

Support and maintain Garfield Park as a community park on the south side of the city of Indianapolis, Indiana, sponsoring family events for the community throughout the year.

To ensure the preservation and evolution of the public benefits of Garfield Park through enhanced funding, effective advocacy, and expanded stewardship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,671,912$1,805,345▼ $866,567
Land, Buildings, and Equipment, Net-$1,767,193-
Investments in Publicly Traded Securities$630,364$680,177▲ $49,813
Cash and Non-Interest-Bearing Accounts$66,073$39,828▼ $26,245
Accounts Receivable$1,500--
Total Assets$4,215,874$5,188,809▲ $972,935
Other Assets Total$846,025$896,266▲ $50,241
Liabilities
Accounts Payable and Accrued Expenses-$329-
Total Liabilities$0$329▲ $329
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,215,874$5,188,480▲ $972,606
Total Net Assets Fund Balance$4,215,874$5,188,480▲ $972,606
Total Liabilities and Net Assets / Fund Balance$4,215,874$5,188,809▲ $972,935

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,767,193$41,968-
Other Assets Org$896,266--
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Lynda BurrelloPresident
Janice LesniakVice President
Alex MacAllisterDirector
Allie Kast-GreggDirector
Eli WireDirector
Jeffrey MaderDirector
Joe LacknerDirector
Joey BanfieldDirector
John HornbergerDirector
Katie JacobsenDirector
Mark BowlesDirector
Marty ReardonDirector
Micah BeachlerDirector
Robert WillseyDirector
Roxanne WhirleyDirector
Russ ClemensDirector
Sarah AustinDirector
William Malone JrDirector
Joni AndersonSecretary
Cheryl DillenbackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$525,848
Program Service Revenue
$0
Investment Income
$374,261
Other Revenue
$7,141
All Other Contributions
$521,474
Change in Net Assets
$625,264
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,966
Salaries, Compensation, and Employee Benefits$65,713
Total Fundraising Expense$52,834
Grants and Similar Amounts Paid$8,307
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,000$20,000$20,000$60,000
Depreciation Depletion$41,968--$41,968
Fees for Services Other$6,581$6,581$25,162$38,324
Fees for Service Investment Mgmnt Fees-$26,177-$26,177
Conferences and Meetings$13,618--$13,618
Grants to Domestic Orgs$8,307--$8,307
Office Expenses-$7,759-$7,759
Other Expenses$5,772$23-$5,795
Advertising--$5,768$5,768
Payroll Taxes$1,904$1,905$1,904$5,713
Insurance-$4,959-$4,959
Fees for Services Accounting-$2,686-$2,686
Occupancy-$913-$913
Travel-$164-$164
Total Functional Expenses$157,985$71,167$52,834$281,986
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,606
Fundraising Direct Expenses$4,308
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Members or stockholder classes and rights Part VI line 6

“The organization has two classes of membership: voting and non-voting. The board of directors shall be the voting members. Individuals who monetarily contribute by gift or dues to the organization and who are not directors shall be non-voting members of the organization.”

Member election for additional members Part VI line 7A

“Each voting member of the organization shall be entitled to one vote on each issue to come before a meeting of the members.”

Committee meeting documentation Part VI line 8B

“The organization does not have any committees that can act on behalf of the board of directors.”

Form 990 governing body review Part VI line 11

“The board is provided a copy of the return for review before it is signed by the president.”

Governing documents etc available to public Part VI line 19

“All documents are available to the public during regular business hours.”

Filing and Contact Details

Filer

Filer Name
Friends of Garfield Park Inc
EIN
35-2066980
In Care Of
% Libby Hiple
Phone
7656616403
Address
PO Box 33002, Indianapolis, IN 46203

Signing Officer

Name
Libby Hiple
Title
Executive Director
Phone
7656616403
Signed
2025-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
In
Voting Board Members
20
Independent Board Members
20
Employees
0

Preparer

Firm
Precision Accounting LLC
Address
PO Box 40216, Indianapolis, IN 46240
Preparer
Brad a Mcgaha
Phone
3179877413
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Change in value of beneficial interest.”

List of other fees for services expenses Part IX line 11G

“Line 11G Other Fees are for Contractors.”

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Park is run on a day-to-day basis by city employees. The Friends of Garfield Park work directly with the employees to benefit the park
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Ensure the preservation and continuation of the public benefits of Garfield Park through enhanced funding, the application of effective advocacy, and expanded stewardship.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Friends of Garfield Park, Inc. maintains and restores Garfield Park which is owned by the City of Indianapolis. The organization also conducts educational and recreational programs at Garfield Park for all visitors to enjoy.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2General Explanation Attachment
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