Minneapolis Parks Foundation

Tax-deductible

Minneapolis, MN501(c)(3)Since 2003Recreation & SportsEIN 20-0715686

The Minneapolis Parks Foundation transforms human lives through parks and public spaces by aligning philanthropic investment and community vision.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Run by 25 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.0M a year · 40% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$172K
to officers and key staff · 3% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $13K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10.2M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.8M
+31% vs prior year
Spent
$5.4M
To programs
88%
Net assets
$4.9M
By yearFY2020–FY2025
Revenue
$6.8M
FY2025▲ +31%
Revenue by fiscal year
FY2020$2.8M
FY2021$2.2M
FY2022$1.2M
FY2023$12.8M
FY2024$5.2M
FY2025$6.8M
Expenses
$5.4M
FY2025▲ +308%
Expenses by fiscal year
FY2020$7.3M
FY2021$1.5M
FY2022$1.5M
FY2023$1.7M
FY2024$1.3M
FY2025$5.4M
Net assets
$4.9M
FY2025▲ +10%
Net assets by fiscal year
FY2020$1.9M
FY2021$2.6M
FY2022$2.6M
FY2023$3.8M
FY2024$4.4M
FY2025$4.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $4.8M Management & general 8% · $419K Fundraising 4% · $243K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

26 people listed on the 990; $172K paid to officers and key staff.

Part VII, Section A · reportable compensation
Former Executive Director
$80,819Pt VII · Sec A
Former Interim Director
$45,563Pt VII · Sec A
Executive Director
$45,430Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Anne Hoyt Taff’s $81K as Former Executive Director is at the 22nd percentile of top reported officer pay among 1842 $1–10M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Thomas Evers——$132,785$132,353$129,946$123,372
Anne Hoyt Taff$80,819—————
Anne Hoyt Taff—$78,535————
Jocelyn Hale—$60,750————
Tom Evers—$47,749————
Jocelyn Hale$45,563—————
Martin Wera$45,430—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Minneapolis Parks Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds vibrant communities by investing in parks and public spaces.

Provided by the organization

This section is blank until Minneapolis Parks Foundation claims this page.

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3 program services account for $4.1M of program spending, described in the organization's own filed words · FY2025.
01

Transforming North Commons Park

Through a long-range planning process a top priority for the North Minneapolis community, the Minneapolis Park and Recreation Board and the Minneapolis Parks Foundation. A transformative 23.5 million campaign will modernize the park with a new multi court field house, indoor track, community gathering spaces and new outdoor pools.

$3.7Mprogram expense
02

Community Investment & Engagement

Great parks make great neighborhoods, and great neighborhoods weave together into great cities. The Foundation collaborated with the community and the Minneapolis Park and Recreation Board to support projects and programs that increase enjoyment and opportunity across the entire Minneapolis parks system expanding the benefits of great…

$286Kprogram expense
03

People for Parks Fund

Created in 2020 through our consolidation with People for Parks, this fund carries forward a 40-year legacy of grant making for small neighborhood-based projects and programs in Minneapolis Parks.

$119Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$13K
See all 4 funders →
Grants paid · 19 grants · $11.8M · 2020–2025
Minneapolis Park and Recreation BoardFY2025$4,168,548
Urban Bird CollectiveMN · FY2025$12,650
Minnesota Historical SocietyMN · FY2025$12,000
Minneapolis Park and Recreation BoardFY2024$127,883
Unitemized GrantFY2024$11,500
Unitemized GrantFY2024$3,068
Unitemized GrantFY2024$1,830
Unitemized GrantFY2024$1,250
Unitemized GrantFY2024$1,000
Minneapolis Park and Recreation BoardFY2023$92,270
Urban Strategies INCMO · FY2023$8,300
Mississippi Park ConnectionMN · FY2023$6,000
Hunters of Color INCOR · FY2023$5,000
Minneapolis Park and Recreation BoardFY2022$450,700
Friends of Lake NokomisMN · FY2022$10,000
Minneapolis Park and Recreation BoardFY2021$491,580
Growth & JusticeMN · FY2021$7,000
See all 19 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Gifts and grantsLn 1h$6.2M
Investment incomeLn 3$611K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.8M
Managementcol C$419K
Fundraisingcol D$243K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$4.4M
Total assetsLn 16$15.1M
LiabilitiesLn 26$10.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A3
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.2M
Government grantsLn 1e$8K
Noncash giftsLn 1g$288K
Fundraising eventsLn 1c$115K
Investment incomeLn 3$611K
Gains on assetsLn 7$64K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$555K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$4.4M
Land, buildings, equipmentLn 10c$6K
Other assetsLn 15$10.1M
Total assetsLn 16$15.1M
LiabilitiesLn 26$10.2M
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 59
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$16.9M$4.4M
Land, buildings, equipmentLn 10c$8K$6K
Total assetsLn 16$17.7M$15.1M
LiabilitiesLn 26$13.2M$10.2M
Net assetsLn 32$4.4M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.2M$4.2M
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$185K$91K$63K$31K
Other salaries and wagesLn 7$552K$270K$189K$93K
Pension plan contributionsLn 8$26K$13K$8K$5K
Other employee benefitsLn 9$53K$27K$16K$10K
Payroll taxesLn 10$48K$23K$17K$8K
Legal feesLn 11b$11K$7K$3K$2K
Accounting feesLn 11c$71K$71K
Professional fundraising feesLn 11e$34K$34K
Investment management feesLn 11f$5K$5K
Other fees for servicesLn 11g$61K$44K$8K$10K
Advertising and promotionLn 12$23K$9K$2K$12K
Office expensesLn 13$58K$19K$9K$30K
Information technologyLn 14$12K$7K$3K$2K
OccupancyLn 16$13K$7K$4K$3K
TravelLn 17$5K$4K$881$391
Conferences, conventions and meetingsLn 19$17K$6K$10K$1K
Depreciation, depletion and amortizationLn 22$3K$2K$973$640
InsuranceLn 23$10K$995$8K$261
Other expenses (24a–d)Ln 24$9K$8K$1K$57
Total functional expensesLn 25$5.4M$4.8M$419K$243K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $6.8M$5.4M$1.4M$4.9M 990 PDF
FY2024 $5.2M$1.3M$3.9M$4.4M 990 PDF
FY2023 $12.8M$1.7M$11.1M$3.8M 990 PDF
FY2022 $1.2M$1.5M−$301K$2.6M 990 PDF
FY2021 $2.2M$1.5M$725K$2.6M 990 PDF
FY2020 $2.8M$7.3M−$4.5M$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $6,821,405 across 10 lines filed
VIII-1c Fundraising events$114,649
VIII-1e Government grants$8,400
VIII-1f All other contributions, gifts and grants$6,108,250
VIII-1g Noncash contributions (included above)$287,903
VIII-1h Total contributions, gifts and grants$6,231,299
VIII-3 Investment incomeExcluded from tax $547,243$547,243
VIII-7 Net gain or loss on sales of assetsExcluded from tax $63,675$63,675
VIII-8 Net income from fundraising eventsExcluded from tax −$27,936−$27,936
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,124$7,124
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $590,106$6,821,405
Part IX · Statement of functional expenses $5,438,956 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $4,239,515$4,239,515
IX-2 Grants to domestic individualsPrograms $1,247$1,247
IX-5 Pay of current officers, directors and key staffPrograms $90,503 · Management $62,720 · Fundraising $31,393$184,616
IX-7 Other salaries and wagesPrograms $270,026 · Management $189,086 · Fundraising $93,156$552,268
IX-8 Pension plan contributionsPrograms $13,247 · Management $7,942 · Fundraising $4,918$26,107
IX-9 Other employee benefitsPrograms $27,106 · Management $16,250 · Fundraising $10,064$53,420
IX-10 Payroll taxesPrograms $23,155 · Management $16,850 · Fundraising $8,423$48,428
IX-11b Legal feesPrograms $7,175 · Management $2,605 · Fundraising $1,715$11,495
IX-11c Accounting feesManagement $71,195$71,195
IX-11e Professional fundraising feesFundraising $33,988$33,988
IX-11f Investment management feesManagement $4,569$4,569
IX-11g Other fees for servicesPrograms $43,780 · Management $7,733 · Fundraising $9,733$61,246
IX-12 Advertising and promotionPrograms $8,865 · Management $2,400 · Fundraising $11,993$23,258
IX-13 Office expensesPrograms $19,104 · Management $8,645 · Fundraising $30,249$57,998
IX-14 Information technologyPrograms $6,650 · Management $3,340 · Fundraising $2,199$12,189
IX-16 OccupancyPrograms $6,783 · Management $3,869 · Fundraising $2,548$13,200
IX-17 TravelPrograms $3,539 · Management $881 · Fundraising $391$4,811
IX-19 Conferences, conventions and meetingsPrograms $5,756 · Management $10,153 · Fundraising $1,395$17,304
IX-22 Depreciation, depletion and amortizationPrograms $1,704 · Management $973 · Fundraising $640$3,317
IX-23 InsurancePrograms $995 · Management $8,498 · Fundraising $261$9,754
IX-24 Other expenses (24a–d)Programs $7,567 · Management $1,407 · Fundraising $57$9,031
IX-25 Total functional expensesPrograms $4,776,717 · Management $419,116 · Fundraising $243,123$5,438,956
Part X · Balance sheet $15,050,209 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $12,444$555,480
X-2 Savings and temporary cash investmentsStart of year $16,893,821$3,841,017
X-3 Pledges and grants receivableStart of year $6,000$503,000
X-4 Accounts receivableStart of year $3,500$3,500
X-8 Inventories for sale or useStart of year $725$615
X-9 Prepaid expenses and deferred chargesStart of year $9,409$6,382
X-10c Land, buildings and equipment, netStart of year $8,433$6,343
X-15 Other assetsStart of year $739,223$10,133,872
X-16 Total assetsStart of year $17,673,555$15,050,209
X-17 Accounts payable and accrued expensesStart of year $19,134$42,548
X-25 Other liabilitiesStart of year $13,215,425$10,136,510
X-26 Total liabilitiesStart of year $13,234,559$10,179,058
X-27 Net assets without donor restrictionsStart of year $2,891,120$3,062,615
X-28 Net assets with donor restrictionsStart of year $1,547,876$1,808,536
X-32 Total net assets or fund balancesStart of year $4,438,996$4,871,151
X-33 Total liabilities and net assetsStart of year $17,673,555$15,050,209
Part XI · Reconciliation of net assets $4,871,151 net assets at year end
XI-1 Total revenue$6,821,405
XI-2 Total expenses$5,438,956
XI-3 Revenue less expenses$1,382,449
XI-4 Net assets at start of year$4,438,996
XI-5 Net unrealized gains (losses) on investments$14,138
XI-9 Other changes in net assets−$964,432
XI-10 Net assets at end of year$4,871,151

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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