Park Tudor Trust: FY2020 Nonprofit Profile & Form 990 (EIN 23-7087103)

Revenue by fiscal year
FY2020	$947K
FY2021	$2.2M
FY2022	$1.6M
FY2023	$353K
FY2024	$1.5M
FY2025	$4.0M

Expenses by fiscal year
FY2020	$4.3M
FY2021	$3.1M
FY2022	$3.0M
FY2023	$3.0M
FY2024	$3.2M
FY2025	$6.7M

Net assets by fiscal year
FY2020	$68.1M
FY2021	$87.6M
FY2022	$79.6M
FY2023	$81.1M
FY2024	$86.7M
FY2025	$92.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1970.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $4.2M Management & general 1% · $58K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Mary Cassidy

Assistant Treasurer

$0Pt VII · Sec A

Michael Smith JR

Chair

$0Pt VII · Sec A

Ben Evans

Vice Chair

$0Pt VII · Sec A

Devin Anderson

Trustee

$0Pt VII · Sec A

Jamie Knall

Trustee

$0Pt VII · Sec A

Tom Reilly JR

Trustee

$0Pt VII · Sec A

Hilary Stout Salatich

Trustee

$0Pt VII · Sec A

Mark Miles

Trustee

$0Pt VII · Sec A

See Park Tudor Trust 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 15aNo

Programs and updates

Supports charitable, scientific, and educational activities for Park Tudor School in Marion County, Indiana.

Questions for Park Tudor Trust

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1 program · $4.2M · in their own filed words · FY2019

01

To support the operations of park tudor foundation.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7087103) · Dispute this line

$4.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 10 grants · $19.6M · 2019–2024

Park Tudor Foundation INCIN · FY2024$3,478,268

Park Tudor Foundation INCIN · FY2024$2,524,430

Unitemized GrantFY2024$156,113

Park Tudor Foundation INCIN · FY2023$2,432,000

Unitemized GrantFY2023$149,330

Unitemized GrantFY2023$4,500

Park Tudor Foundation INCIN · FY2022$2,365,000

Park Tudor Foundation INCIN · FY2021$2,250,000

Park Tudor Foundation INCIN · FY2020$2,440,000

Park Tudor Foundation INCIN · FY2019$3,751,322

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$947K

Ln 12

Gifts and grantsLn 1h$766K

Investment incomeLn 3$181K

Money outPt IX

$4.3M

Ln 25

Programscol B$4.2M

Managementcol C$58K

Owns and owesPt X

$68.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.5M

Total assetsLn 16$71.4M

LiabilitiesLn 26$3.3M

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$766K

Noncash giftsLn 1g$249K

Investment incomeLn 3$181K

Gains on assetsLn 7−$83K

Total revenueLn 12$947K

Assets in detailPt X, end of year

SavingsLn 2$2.5M

Cash and savings togetherLn 1–2$2.5M

Accounts receivableLn 4$27K

Land, buildings, equipmentLn 10c$6.0M

InvestmentsLn 11–13$62.8M

Other assetsLn 15$91K

Total assetsLn 16$71.4M

LiabilitiesLn 26$3.3M

Net assetsLn 32$68.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderJune

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$249K

Investment feesPt IX, Sch D

Investment fees, as reportedPt IX 11f$211K

Share of the $68.1M endowmentSch D 1g0.31%

Typical, median of 2,202 orgs0.44%

EndowmentSch D · Pt V

Line	FY20	FY19	FY18	FY17	FY16
End of yearLn 1g	$68.1M	$70.7M	$71.9M	$78.9M	$75.5M
AddedLn 1b	$766K	$1.8M	$2.7M	$697K	$2.0M
SpentLn 1d–1f	$4.6M	$4.9M	$16.1M	$4.9M	$4.4M

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$2.5M	$2.5M
InvestmentsLn 11–13	$62.9M	$62.8M
Land, buildings, equipmentLn 10c	$6.1M	$6.0M
Total assetsLn 16	$71.6M	$71.4M
LiabilitiesLn 26	$912K	$3.3M
Net assetsLn 32	$70.7M	$68.1M

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3.8M	$3.8M
Accounting feesLn 11c	$20K		$20K
Investment management feesLn 11f	$211K	$211K
Depreciation, depletion and amortizationLn 22	$21K		$21K
Other expenses (24a–d)Ln 24	$304K	$286K	$17K
Total functional expensesLn 25	$4.3M	$4.2M	$58K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 16, 2026	$4.0M	$6.7M	−$2.7M	$92.2M	990 PDF
FY2024Filed with the IRS Mar 28, 2025	$1.5M	$3.2M	−$1.6M	$86.7M	990 PDF
FY2023Filed with the IRS Apr 29, 2024	$353K	$3.0M	−$2.6M	$81.1M	990 PDF
FY2022Filed with the IRS May 12, 2023	$1.6M	$3.0M	−$1.4M	$79.6M	990 PDF
FY2021Filed with the IRS May 6, 2022	$2.2M	$3.1M	−$882K	$87.6M	990 PDF
FY2020 ViewingFiled with the IRS May 13, 2021	$947K	$4.3M	−$3.4M	$68.1M	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants M · Noncash O · Explanations

See the full FY2020 990

Part I · Summary $947,249 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,791,840$765,883

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,413,457$181,366

I-11 Other revenuePrior year $1,837$0

I-12 Total revenuePrior year $3,207,134$947,249

I-13 Grants and similar amounts paidPrior year $3,707,532$3,751,322

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $769,873$555,825

I-18 Total expensesPrior year $4,477,405$4,307,147

I-19 Revenue less expensesPrior year −$1,270,271−$3,359,898

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $947,249 across 6 lines filed

VIII-1f All other contributions, gifts and grants$765,883

VIII-1g Noncash contributions (included above)$248,575

VIII-1h Total contributions, gifts and grants$765,883

VIII-3 Investment incomeExcluded from tax $264,469$264,469

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$83,103−$83,103

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $181,366$947,249

Part IX · Statement of functional expenses $4,307,147 across 5 lines filed

IX-1 Grants to domestic organizationsPrograms $3,751,322$3,751,322

IX-11c Accounting feesManagement $19,538$19,538

IX-11f Investment management feesPrograms $211,485$211,485

IX-22 Depreciation, depletion and amortizationManagement $21,201$21,201

IX-24 Other expenses (24a–d)Programs $286,422 · Management $17,179$303,601

IX-25 Total functional expensesPrograms $4,249,229 · Management $57,918 · Fundraising $0$4,307,147

Part X · Balance sheet $71,398,704 assets, 14 lines filed

X-2 Savings and temporary cash investmentsStart of year $2,537,287$2,471,677

X-4 Accounts receivableStart of year $44,571$26,570

X-10c Land, buildings and equipment, netStart of year $6,050,197$6,028,996

X-11 Publicly traded securitiesStart of year $22,956,026$25,354,213

X-12 Other securitiesStart of year $39,951,925$37,426,458

X-15 Other assetsStart of year $86,423$90,790

X-16 Total assetsStart of year $71,626,429$71,398,704

X-17 Accounts payable and accrued expensesStart of year $19,177$418

X-25 Other liabilitiesStart of year $892,394$3,301,765

X-26 Total liabilitiesStart of year $911,571$3,302,183

X-27 Net assets without donor restrictionsStart of year $54,068,367$51,265,009

X-28 Net assets with donor restrictionsStart of year $16,646,491$16,831,512

X-32 Total net assets or fund balancesStart of year $70,714,858$68,096,521

X-33 Total liabilities and net assetsStart of year $71,626,429$71,398,704

Part XI · Reconciliation of net assets $68,096,521 net assets at year end

XI-1 Total revenue$947,249

XI-2 Total expenses$4,307,147

XI-3 Revenue less expenses−$3,359,898

XI-4 Net assets at start of year$70,714,858

XI-5 Net unrealized gains (losses) on investments$1,277,930

XI-9 Other changes in net assets−$536,369

XI-10 Net assets at end of year$68,096,521

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Park Tudor Trust FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Park Tudor Trust

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV