Minneapolis Parks Foundation FY2023 filing

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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.
65¢ of each $1 spent went to programs.
$133K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
90 mo
of spending, in cash
Looks good: 90.0 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
$10.0M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 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
$12.8M
×11 vs prior year
Spent
$1.7M
To programs
65%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$12.8M
FY2023▲ ×11
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$2.2M
FY2022$1.2M
FY2023$12.8M
FY2024$5.2M
FY2025$6.8M
Expenses
$1.7M
FY2023▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.3M
FY2021$1.5M
FY2022$1.5M
FY2023$1.7M
FY2024$1.3M
FY2025$5.4M
Net assets
$3.8M
FY2023▲ +45%
Tap a bar for its year
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 FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

65 cents of each dollar spent went to programs.

Program services 65% · $1.1M Management & general 21% · $373K Fundraising 13% · $231K

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

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Who runs it and what they're paid

26 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$132,785Pt VII · Sec A
Chair of Board & Executive Committee
$0Pt VII · Sec A
Vice Chair & Chair of Project Committee
$0Pt VII · Sec A
Treasurer & Chair of Finance Committee
$0Pt VII · Sec A
Director & Chair of Pfp Committee
$0Pt VII · Sec A
Director & Chair of Development Committee
$0Pt VII · Sec A
Secretary & Chair of Governance Committee
$0Pt VII · Sec A
Director
$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 · 5 named individuals · Part VII

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

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.

Questions for Minneapolis Parks Foundation

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Your first name shows with your question. Minneapolis Parks Foundation answers here, for everyone.

1 program · $1.1M · in their own filed words · FY2023
01

See schedule O.MAJOR multi-year capital investmentsriverfirstthe riverfirst initiative is a 20-YEAR vision for transforming 5.5 miles of heavily industrialized mississippi riverfront from downtown minneapolis to the city's northern limit with a series of interconnected parks and trails.

$1.1Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$12.8M
Ln 12
Gifts and grantsLn 1h$12.4M
Investment incomeLn 3$450K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.1M
Managementcol C$373K
Fundraisingcol D$231K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$13.1M
Total assetsLn 16$13.8M
LiabilitiesLn 26$10.0M
PeoplePt VI, VII
26
listed · VII A
PaidVII A1
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.4M
Government grantsLn 1e$24K
Noncash giftsLn 1g$50K
Fundraising eventsLn 1c$143K
Investment incomeLn 3$450K
Total revenueLn 12$12.8M
Assets in detailPt X, end of year
CashLn 1$537K
SavingsLn 2$12.6M
Cash and savings togetherLn 1–2$13.1M
Pledges and grants receivableLn 3$2K
Inventories for sale or useLn 8$855
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$682K
Total assetsLn 16$13.8M
LiabilitiesLn 26$10.0M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 59
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$50K
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$4K
Share of the $434K endowmentSch D 1g1.0%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$434K$405K$485K$454K$37K
Given inLn 1b$1K$10K$415K$12K
SpentLn 1d–1f$22K$22K$6K$3K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.2M$13.1M
Land, buildings, equipmentLn 10c$10K$11K
Total assetsLn 16$2.9M$13.8M
LiabilitiesLn 26$292K$10.0M
Net assetsLn 32$2.6M$3.8M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$125K$125K
Pay of current officers, directors and key staffLn 5$155K$113K$20K$22K
Other salaries and wagesLn 7$522K$258K$157K$108K
Pension plan contributionsLn 8$9K$4K$3K$2K
Other employee benefitsLn 9$24K$6K$10K$8K
Payroll taxesLn 10$44K$24K$11K$9K
Legal feesLn 11b$234$234
Accounting feesLn 11c$68K$68K
Professional fundraising feesLn 11e$37K$37K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$149K$96K$49K$4K
Advertising and promotionLn 12$26K$15K$4K$7K
Office expensesLn 13$45K$15K$12K$18K
Information technologyLn 14$10K$5K$3K$2K
OccupancyLn 16$12K$6K$4K$3K
TravelLn 17$6K$4K$768$674
Conferences, conventions and meetingsLn 19$17K$2K$15K$315
Depreciation, depletion and amortizationLn 22$4K$2K$1K$1K
InsuranceLn 23$7K$560$7K$311
Other expenses (24a–d)Ln 24$477K$464K$6K$7K
All other expensesLn 24e$4K$3K$414
Total functional expensesLn 25$1.7M$1.1M$373K$231K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $6.8M$5.4M$1.4M$4.9M 990 PDF
FY2024Filed with the IRS Apr 21, 2025 $5.2M$1.3M$3.9M$4.4M 990 PDF
FY2023 ViewingFiled with the IRS Apr 22, 2024 $12.8M$1.7M$11.1M$3.8M 990 PDF
FY2022Filed with the IRS Apr 21, 2023 $1.2M$1.5M−$301K$2.6M 990 PDF
FY2021Filed with the IRS Apr 22, 2022 $2.2M$1.5M$725K$2.6M 990 PDF
FY2020Filed with the IRS May 14, 2021 $2.8M$7.3M−$4.5M$1.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $12,805,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,141,831$12,416,113
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $10,504$449,503
I-11 Other revenuePrior year $64,443−$60,500
I-12 Total revenuePrior year $1,216,778$12,805,116
I-13 Grants and similar amounts paidPrior year $497,866$125,030
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $721,534$753,817
I-16a Professional fundraising feesPrior year $59,250$36,800
I-17 Other expensesPrior year $239,605$830,742
I-18 Total expensesPrior year $1,518,255$1,746,389
I-19 Revenue less expensesPrior year −$301,477$11,058,727
Part VI · Governance 25 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $12,805,116 across 9 lines filed
VIII-1c Fundraising events$143,387
VIII-1e Government grants$23,600
VIII-1f All other contributions, gifts and grants$12,249,126
VIII-1g Noncash contributions (included above)$49,935
VIII-1h Total contributions, gifts and grants$12,416,113
VIII-3 Investment incomeExcluded from tax $449,503$449,503
VIII-8 Net income from fundraising eventsExcluded from tax −$69,384−$69,384
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $8,884$8,884
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $389,003$12,805,116
Part IX · Statement of functional expenses $1,746,389 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $125,030$125,030
IX-5 Pay of current officers, directors and key staffPrograms $112,503 · Management $19,780 · Fundraising $22,253$154,536
IX-7 Other salaries and wagesPrograms $257,839 · Management $156,644 · Fundraising $107,891$522,374
IX-8 Pension plan contributionsPrograms $4,426 · Management $2,546 · Fundraising $2,006$8,978
IX-9 Other employee benefitsPrograms $5,736 · Management $9,770 · Fundraising $8,108$23,614
IX-10 Payroll taxesPrograms $24,363 · Management $11,012 · Fundraising $8,940$44,315
IX-11b Legal feesManagement $234$234
IX-11c Accounting feesManagement $67,905$67,905
IX-11e Professional fundraising feesFundraising $36,800$36,800
IX-11f Investment management feesManagement $4,348$4,348
IX-11g Other fees for servicesPrograms $96,051 · Management $48,601 · Fundraising $3,918$148,570
IX-12 Advertising and promotionPrograms $14,583 · Management $3,987 · Fundraising $7,326$25,896
IX-13 Office expensesPrograms $15,384 · Management $12,214 · Fundraising $17,520$45,118
IX-14 Information technologyPrograms $5,094 · Management $2,790 · Fundraising $2,495$10,379
IX-16 OccupancyPrograms $5,742 · Management $3,552 · Fundraising $3,186$12,480
IX-17 TravelPrograms $4,393 · Management $768 · Fundraising $674$5,835
IX-19 Conferences, conventions and meetingsPrograms $2,182 · Management $14,821 · Fundraising $315$17,318
IX-22 Depreciation, depletion and amortizationPrograms $1,945 · Management $1,203 · Fundraising $1,079$4,227
IX-23 InsurancePrograms $560 · Management $6,600 · Fundraising $311$7,471
IX-24 Other expenses (24a–d)Programs $463,767 · Management $6,094 · Fundraising $7,456$477,317
IX-24e All other expensesPrograms $3,230 · Fundraising $414$3,644
IX-25 Total functional expensesPrograms $1,142,828 · Management $372,869 · Fundraising $230,692$1,746,389
Part X · Balance sheet $13,795,160 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $12,126$537,489
X-2 Savings and temporary cash investmentsStart of year $2,183,983$12,554,871
X-3 Pledges and grants receivableStart of year $20,000$2,500
X-8 Inventories for sale or useStart of year $1,180$855
X-9 Prepaid expenses and deferred chargesStart of year $7,852$6,379
X-10c Land, buildings and equipment, netStart of year $9,770$11,112
X-15 Other assetsStart of year $653,716$681,954
X-16 Total assetsStart of year $2,888,627$13,795,160
X-17 Accounts payable and accrued expensesStart of year $45,331$86,458
X-25 Other liabilitiesStart of year $246,589$9,933,795
X-26 Total liabilitiesStart of year $291,920$10,020,253
X-27 Net assets without donor restrictionsStart of year $1,155,480$2,412,966
X-28 Net assets with donor restrictionsStart of year $1,441,227$1,361,941
X-32 Total net assets or fund balancesStart of year $2,596,707$3,774,907
X-33 Total liabilities and net assetsStart of year $2,888,627$13,795,160
Part XI · Reconciliation of net assets $3,774,907 net assets at year end
XI-1 Total revenue$12,805,116
XI-2 Total expenses$1,746,389
XI-3 Revenue less expenses$11,058,727
XI-4 Net assets at start of year$2,596,707
XI-5 Net unrealized gains (losses) on investments$50,608
XI-9 Other changes in net assets−$9,931,135
XI-10 Net assets at end of year$3,774,907

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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