Civic Intelligence

Parkutoledo Inc

990 • Fiscal year 2022 • EIN 87-2830916

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 15, 2023

Organization ProfileWWW.UTOLEDO.EDU/PARKINGSERVICES/PARKUTOLEDO
One Maritime Plaza Suite 7Toledo, OH 43604

(567) 267-3309

Siviq Scores

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

Liabilities / Assets

96th percentile

1.02x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

12.47x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Net Margin

13th percentile

-27%

Higher net margin than 13% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$329,859

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2022 filings • $50M-$100M nonprofits • Source year 2022

Asset Growth

56th percentile

0.8%

Faster asset growth than 56% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

97th percentile

277%

Faster revenue growth than 97% of similar nonprofits.

2022 filings • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$72,312,253

Up $566,431 (+0.8%) from 2021

Net Assets

Down

-$1,718,073

Down $1,590,181 (-1243%) from 2021

Liabilities

Up

$74,030,326

Up $2,156,612 (+3.0%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin13th percentile

Revenue

Up

$5,936,952

Up $4,361,147 (+277%) from 2021

Expenses

Up

$7,527,133

Up $5,823,436 (+342%) from 2021

Net Income

Down

-$1,590,181

Down $1,462,289 (-1143%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$80M$60M$40M$20M$0-$20MAssets 2021: $71,745,822Liabilities 2021: $71,873,714Net Assets 2021: -$127,8922021Assets 2022: $72,312,253Liabilities 2022: $74,030,326Net Assets 2022: -$1,718,0732022Assets 2023: $71,392,940Liabilities 2023: $73,618,306Net Assets 2023: -$2,225,3662023Assets 2024: $70,755,713Liabilities 2024: $73,618,409Net Assets 2024: -$2,862,6962024

Highlighted filing

2022

Assets$72,312,253
Liabilities$74,030,326
Net Assets-$1,718,073
Open 2022 Filing

Operations Trend

Revenue Growth97th percentile

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

$10M$5.0M$0-$5.0MRevenue 2021: $1,575,805Expenses 2021: $1,703,697Net Income 2021: -$127,8922021Revenue 2022: $5,936,952Expenses 2022: $7,527,133Net Income 2022: -$1,590,1812022Revenue 2023: $6,710,699Expenses 2023: $7,217,992Net Income 2023: -$507,2932023Revenue 2024: $6,893,160Expenses 2024: $7,530,490Net Income 2024: -$637,3302024

Highlighted filing

2022

Revenue$5,936,952
Expenses$7,527,133
Net Income-$1,590,181
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 15, 2023
Return Version
2022v5.0
Gross Receipts
$5,936,952
Mission and Program Overview

Mission

Lease, operate, maintain and improve parking system at the university of toledo

Balance Sheet Detail
LineBeginningEndChange
Assets
Intangible Assets$52,062,886$53,873,198▲ $1,810,312
Cash and Non-Interest-Bearing Accounts$19,393,244$18,114,564▼ $1,278,680
Accounts Receivable$210,117$206,153▼ $3,964
Land, Buildings, and Equipment, Net$79,575$118,338▲ $38,763
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-127,892$-1,718,073▼ $1,590,181
Total Assets$71,745,822$72,312,253▲ $566,431
Liabilities
Tax Exempt Bond Liabilities$68,670,000$68,670,000→ $0
Other Liabilities$2,702,225$2,604,130▼ $98,095
Accounts Payable and Accrued Expenses$338,862$1,956,887▲ $1,618,025
Deferred Revenue$162,627$799,309▲ $636,682
Total Liabilities$71,873,714$74,030,326▲ $2,156,612
Net Assets / Fund Balance
Total Net Assets Fund Balance$-127,892$-1,718,073▼ $1,590,181
Total Liabilities and Net Assets / Fund Balance$71,745,822$72,312,253▲ $566,431

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$71,677$22,303$93,980
Leasehold Improvements$40,129$2,445$42,574
Equipment$6,532$467$6,999
Compensation and Service Providers
Top Officer Pay58th percentile

Board Members and Trustees

NameTitle
Thomas J WinstonPresident
Brian J PerzTrustee
Joe W CappelTrustee
Dawn M WenkSecretary
Kathleen a DespothTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Teed LLCManagement Fees1670 E BROAD STREET, Columbus, OH 43203$293,487
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,936,952
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-1,590,181

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,936,952
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,936,952
Total Revenue per Form 990
$5,936,952
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,527,133
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,648,704--$2,648,704
Depreciation Depletion$1,584,481--$1,584,481
Fees for Services Other$657,447$442,133-$1,099,580
Fees for Services Management$153,000$658,627-$811,627
Insurance$130,818$24,656-$155,474
Information Technology$103,298$23,280-$126,578
Travel$10,650$51,305-$61,955
Office Expenses$23,757$35,344-$59,101
All Other Expenses$19,049--$19,049
Other Expenses$2,997$13,336-$16,333
Advertising$10,025--$10,025
Total Functional Expenses$6,275,977$1,251,156$0$7,527,133

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,527,133
Total Expenses per Audited Statements$7,527,133
Total Expenses per Form 990$7,527,133
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized Bond Premiums$2,604,130

Bond Issues

BondIssuerIssuedIssue PricePurpose
AToledo Lucas County Port Authority2021-10-07$74,516,676Operate, maintain and improve university's parking system

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$74,516,676--$3,227,297

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Parkutoledo does not have employees; all employees are employed by either diogenes asset management company or sp plus.”

Form 990, Part VI, Section A, Line 6

“The port authority, the sole member of parkutoledo, appointed the board members of parkutoledo.”

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

“The port authority, the sole member of parkutoledo, appointed the board members of parkutoledo.”

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

“The return is reviewed by the board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Monitoring of the conflict of interest policy, parkutoledo board members are required to disclose any actual or possible conflict of interest in conjunction with the conflict of interest policy. Prior to voting on any proposed transactions, members are provided with the opportunity to disclose material facts that could give rise to an actual or possible conflict. As appropriate, parkutoledo will seek counsel from external experts to assist in determining whether a conflict exists.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are made available upon request. The organization adheres to the ohio revised code sections pertaining to public records requests.”

Filing and Contact Details

Filer

Filer Name
Parkutoledo Inc
EIN
87-2830916
Phone
5672673309
Address
ONE MARITIME PLAZA SUITE 7, TOLEDO, OH 43604

Signing Officer

Name
Kathleen Despoth
Title
Treasurer
Phone
4192144179
Signed
2023-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathleen Despoth
Formed
2021
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Clark Schaefer Hackett & Co
Address
4449 EASTON WAY SUITE 400, COLUMBUS, OH 43219
Preparer
Jane E Pfeifer
Phone
6148852208
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 657,447. Management and general expenses 0. Fundraising expenses 0. Total expenses 657,447. Professional fees: program service expenses 0. Management and general expenses 442,133. Fundraising expenses 0. Total expenses 442,133.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07527133
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt114000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt212200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt311800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt413800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0266000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1153038
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2151352
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3131112
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4125330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt037240
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt121425
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt221189
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt318356
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt417546
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt026619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt126619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt210908
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt326619
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt49888
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0THOMAS J WINSTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DAWN M WENK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOE W CAPPEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BRIAN J PERZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4KATHLEEN A DESPOTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TRUSTEE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0329859
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1215082
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2195649
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3187887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4166564
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02021-10-07
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0346406986
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0889259AL1
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt074516676
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0TOLEDO LUCAS COUNTY PORT AUTHORITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0OPERATE, MAINTAIN AND IMPROVE UNIVERSITY'S PARKING SYSTEM
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt052521000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt05134893
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt03227297
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt074516676
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PARKUTOLEDO DOES NOT HAVE EMPLOYEES; ALL EMPLOYEES ARE EMPLOYED BY EITHER DIOGENES ASSET MANAGEMENT COMPANY OR SP PLUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PORT AUTHORITY, THE SOLE MEMBER OF PARKUTOLEDO, APPOINTED THE BOARD MEMBERS OF PARKUTOLEDO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PORT AUTHORITY, THE SOLE MEMBER OF PARKUTOLEDO, APPOINTED THE BOARD MEMBERS OF PARKUTOLEDO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RETURN IS REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MONITORING OF THE CONFLICT OF INTEREST POLICY, PARKUTOLEDO BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST IN CONJUNCTION WITH THE CONFLICT OF INTEREST POLICY. PRIOR TO VOTING ON ANY PROPOSED TRANSACTIONS, MEMBERS ARE PROVIDED WITH THE OPPORTUNITY TO DISCLOSE MATERIAL FACTS THAT COULD GIVE RISE TO AN ACTUAL OR POSSIBLE CONFLICT. AS APPROPRIATE, PARKUTOLEDO WILL SEEK COUNSEL FROM EXTERNAL EXPERTS TO ASSIST IN DETERMINING WHETHER A CONFLICT EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION ADHERES TO THE OHIO REVISED CODE SECTIONS PERTAINING TO PUBLIC RECORDS REQUESTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 657,447. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 657,447. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 442,133. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 442,133.

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$72,312,253
Liabilities
$74,030,326
Net assets
-$1,718,073
Revenue
$5,936,952
Expenses
$7,527,133
Net income
-$1,590,181
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$70.8$73.6$2.86$6.89$7.53$0.64
2023Detailed filing. Detailed filing data is available for this year.$71.4$73.6$2.23$6.71$7.22$0.51
2022Detailed filing. Detailed filing data is available for this year.$72.3$74.0$1.72$5.94$7.53$1.59
2021Detailed filing. Detailed filing data is available for this year.$71.7$71.9$0.13$1.58$1.70$0.13