Liabilities / Assets
60th percentile
Tied with the lowest-debt nonprofits in its peer group.
Prospect Park 2020
EIN 46-2407192 • 501(c)3 • Minneapolis, MN
Profile
Purposes of the organization are to act as a catalyst to transform the area surrounding the central corridor light rail transit line from minnesota truck highway 280 west to the university of minnesota campus in minneapolis by fostering innovation and creativity, especially in the areas of research, learning and the arts, and to serve as a "living laboratory" for a healthy and sustainable community, and to encourage development activity consistent with the aformentioned purposes.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
62nd percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
7th percentile
Faster revenue growth than 7% of similar nonprofits.
Balance Sheet
Assets
Down$8,537
Down $5,577 (-40%) from 2019
Liabilities
Down$0
Down $4,102 (-100%) from 2019
Net Assets
$8,537
No earlier filing loaded for comparison.
Revenue
Down$572
Down $4,775 (-89%) from 2019
Expenses
Down$2,049
Down $8,159 (-80%) from 2019
Net Income
Up-$1,477
Up $3,384 (+70%) from 2019
Trend Graphs
Filings
Most recent year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $8,537
- Liabilities
- $0
- Net assets
- $8,537
- Revenue
- $572
- Expenses
- $2,049
- Net income
- -$1,477
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Jun 9, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $572
Mission and Program Overview
Mission
Purposes of the organization are to act as a catalyst to transform the area surrounding the central corridor light rail transit line from minnesota truck highway 280 west to the university of minnesota campus in minneapolis by fostering innovation and creativity, especially in the areas of research, learning and the arts, and to serve as a "living laboratory" for a healthy and sustainable community, and to encourage development activity consistent with the aformentioned purposes.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| DEVELOPED A SET OF PRINCIPLES FOR SUSTAINABLE DEVELOPMENT OF THE PROSPECT NORTH DISTRICT AS PART OF THE MISSION TO ADVANCE A TRANSIT-ORIENTED DVELOPMENT FOR PROSPECT NORTH DISTRICT. | - | $2,049 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RICHARD GILYARD | President | PT | $0 | - | - |
| RICHARD POPPELE | VP/Treasurer | - | $0 | - | - |
| JOHN KARI | Board Chair | - | $0 | - | - |
| MARK JOHNSON | Director | - | $0 | - | - |
| BRIAN ANDERSON | Director | - | $0 | - | - |
| RAY HARRIS | Director | - | $0 | - | - |
| KARL REICHERT | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Prospect Park 2020
- EIN
- 46-2407192
- Phone
- 6123789242
- Address
- 194 MALCOLM AVE SE, MINNEAPOLIS, MN 55414
Signing Officer
- Name
- Richard Gilyard
- Title
- President
- Phone
- 6127102860
- Signed
- 2021-06-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- La Fayette & Plath Ltd
- Address
- 6625 LYNDALE AVE S STE 516, MINNEAPOLIS, MN 55423-2396
- Preparer
- Roger D Plath
- Phone
- 6128618366
Supplemental Narrative
Additional Explanations
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 4,100 0”
Form 990-ez, Part III
“Purposes of the organization are to act as a catalyst to transform the area surrounding the central corridor light rail transit line from minnesota truck highway 280 west to the university of minnesota campus in minneapolis by fostering innovation and creativity, especially in the areas of research, learning and the arts, and to serve as a "living laboratory" for a healthy and sustainable community, and to encourage development activity consistent with the aformentioned purposes.”
Raw XML Appendix151 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | RICHARD POPPELE |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | JOHN KARI |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | MARK JOHNSON |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | BRIAN ANDERSON |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 5 | RAY HARRIS |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 6 | KARL REICHERT |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | DICK POPPELE |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6123789242 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 97 ARTHUR AVE SE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MINNEAPOLIS |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55414 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 14114 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 8537 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 570 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1477 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2049 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 14114 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 8537 |
| IRS990EZ/GrossReceiptsAmt | 0 | 572 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 10014 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 8537 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 10014 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 8537 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | RICHARD GILYARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RICHARD POPPELE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JOHN KARI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MARK JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BRIAN ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | RAY HARRIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | KARL REICHERT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VP/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PURPOSES OF THE ORGANIZATION ARE TO ACT AS A CATALYST TO TRANSFORM THE AREA SURROUNDING THE CENTRAL CORRIDOR LIGHT RAIL TRANSIT LINE FROM MINNESOTA TRUCK HIGHWAY 280 WEST TO THE UNIVERSITY OF MINNESOTA CAMPUS IN MINNEAPOLIS BY FOSTERING INNOVATION AND CREATIVITY, ESPECIALLY IN THE AREAS OF RESEARCH, LEARNING AND THE ARTS, AND TO SERVE AS A "LIVING LABORATORY" FOR A HEALTHY AND SUSTAINABLE COMMUNITY, AND TO ENCOURAGE DEVELOPMENT ACTIVITY CONSISTENT WITH THE AFORMENTIONED PURPOSES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | DEVELOPED A SET OF PRINCIPLES FOR SUSTAINABLE DEVELOPMENT OF THE PROSPECT NORTH DISTRICT AS PART OF THE MISSION TO ADVANCE A TRANSIT-ORIENTED DVELOPMENT FOR PROSPECT NORTH DISTRICT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 2049 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 4100 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 2049 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 2049 |
| IRS990EZ/TotalRevenueAmt | 0 | 572 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.PROSPECTPARK2020.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 570 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5088 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4147 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 21871 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 31876 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 9 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 23 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 11298 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99930 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99970 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 31876 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 570 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5088 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4147 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 21871 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 31876 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 31899 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,100 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | PURPOSES OF THE ORGANIZATION ARE TO ACT AS A CATALYST TO TRANSFORM THE AREA SURROUNDING THE CENTRAL CORRIDOR LIGHT RAIL TRANSIT LINE FROM MINNESOTA TRUCK HIGHWAY 280 WEST TO THE UNIVERSITY OF MINNESOTA CAMPUS IN MINNEAPOLIS BY FOSTERING INNOVATION AND CREATIVITY, ESPECIALLY IN THE AREAS OF RESEARCH, LEARNING AND THE ARTS, AND TO SERVE AS A "LIVING LABORATORY" FOR A HEALTHY AND SUSTAINABLE COMMUNITY, AND TO ENCOURAGE DEVELOPMENT ACTIVITY CONSISTENT WITH THE AFORMENTIONED PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RICHARD GILYARD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6127102860 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-06-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROSPECT PARK 2020 |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROS |
| ReturnHeader/Filer/EIN | 0 | 462407192 |
| ReturnHeader/Filer/PhoneNum | 0 | 6123789242 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 194 MALCOLM AVE SE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55414 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 411503687 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LA FAYETTE & PLATH LTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6625 LYNDALE AVE S STE 516 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MINNEAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 554232396 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6128618366 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-06-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROGER D PLATH |
| ReturnHeader/ReturnTs | 0 | 2021-06-11T13:31:40-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | RICHARD |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GILYARD |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
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