Minneapolis Parks Foundation FY2024 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.
55¢ of each $1 spent went to programs.
$187K 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

FY2024 · 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
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$187K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
152 mo
of spending, in cash
Looks good: 152.1 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
$13.2M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.2M
-59% vs prior year
Spent
$1.3M
To programs
55%
Net assets
$4.4M
By yearFY2020–FY2025
Revenue
$5.2M
FY2024▼ -59%
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
$1.3M
FY2024▼ -24%
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
$4.4M
FY2024▲ +18%
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 FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

55 cents of each dollar spent went to programs.

Program services 55% · $731K Management & general 27% · $363K Fundraising 18% · $239K

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; $187K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$78,535Pt VII · Sec A
Director, Interim Executive Director
$60,750Pt VII · Sec A
Former Executive Director
$47,749Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 · $731K · in their own filed words · FY2024
01

Raise funds for transformative park initiativesas the primary philanthropic partner of the minneapolis park & recreation board ("the park & recreation board"), the minneapolis parks foundation raises funds from individuals, foundations, corporations, and other partners to support capital and programmatic efforts undertaken by the park &…

$731Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$618K
Money outPt IX
$1.3M
Ln 25
Programscol B$731K
Managementcol C$363K
Fundraisingcol D$239K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$16.9M
Total assetsLn 16$17.7M
LiabilitiesLn 26$13.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Government grantsLn 1e$13K
Noncash giftsLn 1g$3K
Fundraising eventsLn 1c$107K
Investment incomeLn 3$618K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$16.9M
Cash and savings togetherLn 1–2$16.9M
Pledges and grants receivableLn 3$6K
Accounts receivableLn 4$4K
Inventories for sale or useLn 8$725
Prepaid expenses and deferred chargesLn 9$9K
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$739K
Total assetsLn 16$17.7M
LiabilitiesLn 26$13.2M
Net assetsLn 32$4.4M
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
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$4K
Share of the $488K endowmentSch D 1g0.89%
Typical, median of 2,202 orgs0.44%
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$488K$434K$405K$485K$454K
Given inLn 1b$10K$1K$10K$415K
SpentLn 1d–1f$21K$22K$22K$6K$3K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13.1M$16.9M
Land, buildings, equipmentLn 10c$11K$8K
Total assetsLn 16$13.8M$17.7M
LiabilitiesLn 26$10.0M$13.2M
Net assetsLn 32$3.8M$4.4M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$154K$154K
Grants to domestic individualsLn 2$19K$19K
Pay of current officers, directors and key staffLn 5$196K$138K$39K$18K
Other salaries and wagesLn 7$477K$238K$139K$100K
Pension plan contributionsLn 8$10K$4K$3K$2K
Other employee benefitsLn 9$41K$21K$12K$8K
Payroll taxesLn 10$45K$20K$17K$9K
Legal feesLn 11b$892$460$259$173
Accounting feesLn 11c$80K$80K
Professional fundraising feesLn 11e$52K$52K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$77K$59K$18K
Advertising and promotionLn 12$15K$6K$2K$6K
Office expensesLn 13$63K$28K$7K$29K
Information technologyLn 14$10K$3K$4K$3K
OccupancyLn 16$13K$7K$4K$2K
TravelLn 17$12K$8K$3K$1K
Conferences, conventions and meetingsLn 19$20K$12K$7K$1K
Depreciation, depletion and amortizationLn 22$5K$3K$1K$945
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$31K$12K$13K$6K
Total functional expensesLn 25$1.3M$731K$363K$239K

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
FY2024 ViewingFiled with the IRS Apr 21, 2025 $5.2M$1.3M$3.9M$4.4M 990 PDF
FY2023Filed 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $5,204,165 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $12,272,726$4,620,710
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $500,111$618,150
I-11 Other revenuePrior year $74,003−$34,695
I-12 Total revenuePrior year $12,846,840$5,204,165
I-13 Grants and similar amounts paidPrior year $125,030$172,231
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $753,817$768,857
I-16a Professional fundraising feesPrior year $36,800$52,477
I-17 Other expensesPrior year $830,742$340,296
I-18 Total expensesPrior year $1,746,389$1,333,861
I-19 Revenue less expensesPrior year $11,100,451$3,870,304
Part VI · Governance 24 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
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 $5,204,165 across 9 lines filed
VIII-1c Fundraising events$107,149
VIII-1e Government grants$12,700
VIII-1f All other contributions, gifts and grants$4,500,861
VIII-1g Noncash contributions (included above)$3,488
VIII-1h Total contributions, gifts and grants$4,620,710
VIII-3 Investment incomeExcluded from tax $618,150$618,150
VIII-8 Net income from fundraising eventsExcluded from tax −$44,822−$44,822
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $10,127$10,127
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $583,455$5,204,165
Part IX · Statement of functional expenses $1,333,861 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $153,583$153,583
IX-2 Grants to domestic individualsPrograms $18,648$18,648
IX-5 Pay of current officers, directors and key staffPrograms $138,463 · Management $38,626 · Fundraising $18,433$195,522
IX-7 Other salaries and wagesPrograms $238,421 · Management $138,835 · Fundraising $99,953$477,209
IX-8 Pension plan contributionsPrograms $4,239 · Management $3,336 · Fundraising $2,035$9,610
IX-9 Other employee benefitsPrograms $20,778 · Management $12,364 · Fundraising $8,231$41,373
IX-10 Payroll taxesPrograms $19,761 · Management $16,843 · Fundraising $8,539$45,143
IX-11b Legal feesPrograms $460 · Management $259 · Fundraising $173$892
IX-11c Accounting feesManagement $80,198$80,198
IX-11e Professional fundraising feesFundraising $52,477$52,477
IX-11f Investment management feesManagement $4,333$4,333
IX-11g Other fees for servicesPrograms $59,341 · Management $17,667$77,008
IX-12 Advertising and promotionPrograms $6,439 · Management $2,417 · Fundraising $6,161$15,017
IX-13 Office expensesPrograms $27,609 · Management $6,775 · Fundraising $28,858$63,242
IX-14 Information technologyPrograms $2,968 · Management $4,146 · Fundraising $3,065$10,179
IX-16 OccupancyPrograms $6,621 · Management $3,727 · Fundraising $2,492$12,840
IX-17 TravelPrograms $7,564 · Management $2,944 · Fundraising $1,288$11,796
IX-19 Conferences, conventions and meetingsPrograms $11,828 · Management $6,897 · Fundraising $1,299$20,024
IX-22 Depreciation, depletion and amortizationPrograms $2,511 · Management $1,414 · Fundraising $945$4,870
IX-23 InsuranceManagement $8,908$8,908
IX-24 Other expenses (24a–d)Programs $12,099 · Management $13,343 · Fundraising $5,547$30,989
IX-25 Total functional expensesPrograms $731,333 · Management $363,032 · Fundraising $239,496$1,333,861
Part X · Balance sheet $17,673,555 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $537,489$12,444
X-2 Savings and temporary cash investmentsStart of year $12,554,871$16,893,821
X-3 Pledges and grants receivableStart of year $2,500$6,000
X-4 Accounts receivableStart of year $0$3,500
X-8 Inventories for sale or useStart of year $855$725
X-9 Prepaid expenses and deferred chargesStart of year $6,379$9,409
X-10c Land, buildings and equipment, netStart of year $11,112$8,433
X-15 Other assetsStart of year $681,954$739,223
X-16 Total assetsStart of year $13,795,160$17,673,555
X-17 Accounts payable and accrued expensesStart of year $86,458$19,134
X-25 Other liabilitiesStart of year $9,933,795$13,215,425
X-26 Total liabilitiesStart of year $10,020,253$13,234,559
X-27 Net assets without donor restrictionsStart of year $2,412,966$2,891,120
X-28 Net assets with donor restrictionsStart of year $1,361,941$1,547,876
X-32 Total net assets or fund balancesStart of year $3,774,907$4,438,996
X-33 Total liabilities and net assetsStart of year $13,795,160$17,673,555
Part XI · Reconciliation of net assets $4,438,996 net assets at year end
XI-1 Total revenue$5,204,165
XI-2 Total expenses$1,333,861
XI-3 Revenue less expenses$3,870,304
XI-4 Net assets at start of year$3,774,907
XI-5 Net unrealized gains (losses) on investments$75,589
XI-9 Other changes in net assets−$3,281,804
XI-10 Net assets at end of year$4,438,996

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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