philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Parks Area Foundation FY2020 filing

Tax-deductible

Des Moines, IA501(c)(3)Since 1998Community Development EIN 31-1742335Revenue $50K in FY2020

On file with the IRSparksareafoundation.orgPo Box 3323, 50316-0323 · Des Moines, IATax-exempt since Jun 2014Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Economic development in highland park, oak park, and union park Area and promotion of historic redevelopment and educating public to benefits of community Area.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2020 · 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
1 of 6
filings with a surplus
Average deficit $23K a year · 137% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
49 mo
of spending, in cash
Looks good: 49.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name 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
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
Spent
$59K
To programs
0%
Net assets
$602K
By yearFY2020–FY2025
Revenue
$50K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$7K
FY2022$146K
FY2023−$60K
FY2024−$7K
FY2025−$35K
Expenses
$59K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$59K
FY2021$81K
FY2022$22K
FY2023$18K
FY2024$22K
FY2025$37K
Net assets
$602K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$602K
FY2021$532K
FY2022$643K
FY2023$565K
FY2024$536K
FY2025$464K

From the FY2020 Form 990 · see the original

Give Claim
You’re viewing the FY2020 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 Jun 2014.

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

Where the money goes

What each dollar paid for.

Management & general 88% · $51K Fundraising 12% · $7K

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

14 people listed on the 990.

Part VII, Section A · reportable compensation
Ashley Kennebeck
Board Member
$0Pt VII · Sec A
Sarah Hunter
Board Member
$0Pt VII · Sec A
John Fellmeyer
Board Member
$0Pt VII · Sec A
Patty Williams
Board Member
$0Pt VII · Sec A
Jordan Richardson
Board Member
$0Pt VII · Sec A
Katie Lund
Board Member
$0Pt VII · Sec A
Andy Anderson
Board Member
$0Pt VII · Sec A
Carol Bamford
Board Member
$0Pt VII · Sec A
See Parks Area Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts local economies and historic redevelopment through community education.

Questions for Parks Area Foundation

Tap to ask. Parks Area Foundation sees how many people are interested.

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

Provided by the organization

Know this org? Add your story

2 programs · in their own filed words · FY2020
01

Purchase, restore, and resell with covenants, historically or architecturally significant buildings to educate the public on the importance of historic preservation. No buildings were sold in 2018. Held community events for fundraising and spent on common park area community initiatives.

Pt IX · col B
02

Participation in the beautification of the highland park community.

Pt IX · col B

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 · FY2024
Prairie Meadows Race Track & Casino INCFY2024$15K
The West Bancorporation Foundation INCFY2024$2K
Total grants receivedfrom 2 funders$18K
Grants paid · 1 grant · $20K · 2025–2025
The Des Moines Carousel FoundationIA · FY2025$20,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Gifts and grantsLn 1h$52K
Investment incomeLn 3$1K
Money outPt IX
$59K
Ln 25
Managementcol C$51K
Fundraisingcol D$7K
Owns and owesPt X
$602K
net assets · Ln 32
Cash and savingsLn 1–2$241K
Total assetsLn 16$602K
LiabilitiesLn 26$0
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Fundraising eventsLn 1c$20K
Investment incomeLn 3$1K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$88K
SavingsLn 2$153K
Cash and savings togetherLn 1–2$241K
Land, buildings, equipmentLn 10c$361K
Total assetsLn 16$602K
LiabilitiesLn 26$0
Net assetsLn 32$602K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$240K$241K
Land, buildings, equipmentLn 10c$366K$361K
Total assetsLn 16$605K$602K
LiabilitiesLn 26$0$0
Net assetsLn 32$605K$602K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$44K$41K$3K
Advertising and promotionLn 12$300$300
Office expensesLn 13$3K$3K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$59K$0$51K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest −$35K$37K−$72K$464K 990 PDF
FY2024 −$7K$22K−$29K$536K 990 PDF
FY2023 −$60K$18K−$79K$565K 990 PDF
FY2022 $146K$22K$124K$643K 990 PDF
FY2021 $7K$81K−$74K$532K 990 PDF
FY2020 Viewing $50K$59K−$9K$602K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $49,591 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,206$52,278
I-9 Program service revenuePrior year $17,030$0
I-10 Investment incomePrior year −$70,451$1,142
I-11 Other revenuePrior year −$54,995−$3,829
I-12 Total revenuePrior year −$43,210$49,591
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $363,811$58,724
I-18 Total expensesPrior year $363,811$58,724
I-19 Revenue less expensesPrior year −$407,021−$9,133
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $49,591 across 6 lines filed
VIII-1c Fundraising events$19,678
VIII-1f All other contributions, gifts and grants$32,600
VIII-1h Total contributions, gifts and grants$52,278
VIII-3 Investment incomeRelated to mission $1,142$1,142
VIII-8 Net income from fundraising eventsExcluded from tax −$3,829−$3,829
VIII-12 Total revenueRelated to mission $1,142 · Unrelated business $0 · Excluded from tax −$3,829$49,591
Part IX · Statement of functional expenses $58,724 across 6 lines filed
IX-11g Other fees for servicesManagement $40,840 · Fundraising $2,829$43,669
IX-12 Advertising and promotionManagement $300$300
IX-13 Office expensesManagement $3,472$3,472
IX-22 Depreciation, depletion and amortizationFundraising $4,430$4,430
IX-23 InsuranceManagement $5,003$5,003
IX-24 Other expenses (24a–d)Management $1,850$1,850
IX-25 Total functional expensesPrograms $0 · Management $51,465 · Fundraising $7,259$58,724
Part X · Balance sheet $602,181 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $163,031$88,434
X-2 Savings and temporary cash investmentsStart of year $76,778$152,670
X-10c Land, buildings and equipment, netStart of year $365,507$361,077
X-16 Total assetsStart of year $605,316$602,181
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $605,316$602,181
X-32 Total net assets or fund balancesStart of year $605,316$602,181
X-33 Total liabilities and net assetsStart of year $605,316$602,181
Part XI · Reconciliation of net assets $602,181 net assets at year end
XI-1 Total revenue$49,591
XI-2 Total expenses$58,724
XI-3 Revenue less expenses−$9,133
XI-4 Net assets at start of year$605,316
XI-5 Net unrealized gains (losses) on investments$5,998
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$602,181

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

Similar organizations you could support · Compare with another nonprofit

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.

Your org? Add context

Made it to the end? Claim this org

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 pay comparisons above.