Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Prospect Park 2020
990EZ • Fiscal year 2020 • EIN 46-2407192
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
11th percentile
Faster asset growth than 11% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Balance Sheet
Assets
Down$8,537
Down $5,577 (-40%) from 2019
Net Assets
$8,537
No earlier filing loaded for comparison.
Liabilities
Down$0
Down $4,102 (-100%) from 2019
Revenue And Expenses
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
Historical Trend
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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | RICHARD GILYARD |
| 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 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed 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