Tucson Parks Foundation Endowment FY2021 filing

Tucson, AZUnknown exempt organization EIN 27-0134585Revenue $31K in FY2021

On file with the IRS5401 N Foothills Drive · Tucson, AZ

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Support Tucson Parks Foundation, which assists city of Tucson Parks and recreation department.

70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average deficit $135K a year · 204% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
14 mo
of spending, in cash
Plus $690K in investments, Pt X · Ln 11–13
Looks good: 13.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$31K
Spent
$21K
To programs
70%
Net assets
$715K
By yearFY2021–FY2024
Revenue
$31K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$31K
FY2022$36K
FY2023$67K
FY2024$131K
Expenses
$21K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$21K
FY2022$29K
FY2023$6K
FY2024$749K
Net assets
$715K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$715K
FY2022$611K
FY2023$476K
FY2024$0

From the FY2021 Form 990 (year ending June 2021) · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $15K Management & general 30% · $6K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Tucson Parks Foundation Endowment 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 15aNo

Programs and updates

Funds and supports Tucson's parks and recreation programs.

Questions for Tucson Parks Foundation Endowment

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Provided by the organization

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1 program · $15K · in their own filed words · FY2020
01

Tucson parks foundation endowment (the endowment) is organized as a supporting organization of the tucson parks foundation (the foundation). The purpose of the foundation is to assist the city of tucson parks and recreation department by: * promoting the quality of life of all citizens of tucson by assuring the availability to the public…

$15Kprogram 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 · FY2020
Total grants receivedfrom 1 funder$5K
Grants paid · 3 grants · $778K · 2020–2023
Tucson Parks FoundationAZ · FY2021$22,000
Tucson Parks FoundationAZ · FY2020$14,700

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$31K
Ln 12
Investment incomeLn 3$26K
Gifts and grantsLn 1h$5K
Money outPt IX
$21K
Ln 25
Programscol B$15K
Managementcol C$6K
Owns and owesPt X
$715K
net assets · Ln 32
Cash and savingsLn 1–2$25K
Total assetsLn 16$715K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Investment incomeLn 3$26K
Gains on assetsLn 7$8K
Total revenueLn 12$31K
Assets in detailPt X, end of year
SavingsLn 2$25K
Cash and savings togetherLn 1–2$25K
InvestmentsLn 11–13$690K
Total assetsLn 16$715K
LiabilitiesLn 26$0
Net assetsLn 32$715K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$25K
InvestmentsLn 11–13$565K$690K
Total assetsLn 16$594K$715K
LiabilitiesLn 26$0$0
Net assetsLn 32$594K$715K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Accounting feesLn 11c$900$900
Investment management feesLn 11f$5K$5K
InsuranceLn 23$698$698
Total functional expensesLn 25$21K$15K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $131K$749K−$619K$0 990 PDF
FY2023 $67K$6K$61K$476K 990 PDF
FY2022 $36K$29K$7K$611K 990 PDF
FY2021 Viewing $31K$21K$10K$715K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $31,156 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,458$5,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,762$26,156
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $11,220$31,156
I-13 Grants and similar amounts paidPrior year $0$14,700
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 $6,171$6,416
I-18 Total expensesPrior year $6,171$21,116
I-19 Revenue less expensesPrior year $5,049$10,040
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $31,156 across 5 lines filed
VIII-1f All other contributions, gifts and grants$5,000
VIII-1h Total contributions, gifts and grants$5,000
VIII-3 Investment incomeExcluded from tax $18,622$18,622
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,534$7,534
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $26,156$31,156
Part IX · Statement of functional expenses $21,116 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $14,700$14,700
IX-11c Accounting feesManagement $900$900
IX-11f Investment management feesManagement $4,818$4,818
IX-23 InsuranceManagement $698$698
IX-25 Total functional expensesPrograms $14,700 · Management $6,416 · Fundraising $0$21,116
Part X · Balance sheet $714,560 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $29,263$24,502
X-11 Publicly traded securitiesStart of year $564,776$690,058
X-16 Total assetsStart of year $594,039$714,560
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $594,039$714,560
X-33 Total liabilities and net assetsStart of year $594,039$714,560
Part XI · Reconciliation of net assets $714,560 net assets at year end
XI-1 Total revenue$31,156
XI-2 Total expenses$21,116
XI-3 Revenue less expenses$10,040
XI-4 Net assets at start of year$594,039
XI-5 Net unrealized gains (losses) on investments$110,481
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$714,560

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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