Minneapolis Parks Foundation

Minneapolis, MN · Public charity (501(c)(3)) · Since 2003 · Recreation & Sports

✓ Tax-deductible
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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CMinneapolis Parks Foundation
EINHdr · item D20-0715686
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJan 2005
Year of formationHdr · item L2003
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMinneapolis, MN
NTEE classificationIRS BMFRecreation & Sports (N32)
WebsiteHdr · item Jwww.mplsparksfoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.08 Fundraising $0.04
Program services88%$4.8M
Management & general8%$419K
Fundraising4%$243K
Total functional expensesLn 25$5.4M

Financial health

Is it on solid ground?

Program efficiency
88%
of spending reaches programs▲ +60% vs prior filing year
Operating runway
10.2mo
months of highly liquid reserves at operating expense rate▼ -93% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▼ -73% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$15.1M
FY2025▼ -15%
Total assets by fiscal year
FY2020$2.5M
FY2021$3.3M
FY2022$2.9M
FY2023$13.8M
FY2024$17.7M
FY2025$15.1M
Total liabilities
$10.2M
FY2025▼ -23%
Total liabilities by fiscal year
FY2020$633K
FY2021$619K
FY2022$292K
FY2023$10.0M
FY2024$13.2M
FY2025$10.2M
Revenue less expensesPt I · Ln 19$1.4M
Total assetsPt X · Ln 16$15.1M
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 325
Independent voting membersPt I · Ln 424

Balance Sheet

Part X · end of year
CashLn 1$4.4M
Total assetsLn 16$15.1M
Total liabilitiesLn 26$10.2M
Total net assetsLn 32$4.9M
Months of cash on handcomputed9.7

Statement of Revenue

Part VIII
Contributions & grants$6.2M · 91%
Investment income$611K · 9%
Contributions & grants91%$6.2M
Investment income9%$611K
— government grantsLn 1e$8K
Total revenueLn 12$6.8M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.4M · Operating expenses (Pt IX) $5.4M · Less non-cash grants $288K · Cash operating expenses/yr $5.2M
10.2 months
Where the money goes
Program services
Program services $4.8M · Total expenses $5.4M
88%
Management & General
Management & general $419K · Total expenses $5.4M
8%
Fundraising
Fundraising $243K · Total expenses $5.4M
4%
Cost to raise $1
Fundraising expense (3-yr avg) $238K · Solicited contributions (3-yr avg) $7.7M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $6.2M · Total revenue $6.8M
91%
Government reliance
Government grants $8K · Total revenue $6.8M
0.1%
Earned-income share
Program service revenue $0 · Total revenue $6.8M
0%
Investment reliance
Investment income $611K · Total revenue $6.8M
+9%
Program self-sufficiency
Program service revenue $0 · Total expenses $5.4M
0%
Growth & trend
Revenue growth (YoY)
This year $6.8M · Prior year $5.2M
+31%
Revenue CAGR
FY2020 $2.8M · FY2025 $6.8M
+19%
Net-asset trend (YoY)
End of year $4.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.8M · Expenses $5.4M
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $15.1M
—
Net-asset ratio
Net assets $4.9M · Total assets $15.1M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Martin Wera · Reported title Executive Director · Highest reported compensation $45K · Total expenses $5.4M
0.8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $865K · Total expenses $5.4M
16%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $34K · Gross raised $294K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 8%——
Fundraising cost ratio 4%——
Revenue growth 31%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

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 →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
  • 25Voting board membersPt VI · Ln 1a
  • 24Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

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.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

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

Run this program? Claim this org to tell your story

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 →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $6.8M$5.4M+31% 990 PDF
FY2024 $5.2M$1.3M-59% 990 PDF
FY2023 $12.8M$1.7M×11 990 PDF
FY2022 $1.2M$1.5M-45% 990 PDF
FY2021 $2.2M$1.5M-22% 990 PDF
FY2020 $2.8M$7.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Minneapolis Parks Foundation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.