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Parks Area Foundation FY2023 filing

Tax-deductible

Des Moines, IA501(c)(3)Since 1998Community Development EIN 31-1742335Revenue −$60K in FY2023Latest return filed Jul 27, 2026

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

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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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
109 mo
of spending, in cash
Looks good: 108.6 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
$2K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$60K
-141% vs prior year
Spent
$18K
To programs
100%
Net assets
$565K
By yearFY2020–FY2025
Revenue
−$60K
FY2023▼ -141%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$7K
FY2022$146K
FY2023−$60K
FY2024−$7K
FY2025−$35K
Expenses
$18K
FY2023▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$59K
FY2021$81K
FY2022$22K
FY2023$18K
FY2024$22K
FY2025$37K
Net assets
$565K
FY2023▼ -12%
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 FY2023 Form 990 · 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 Jun 2014.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $18K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Jeff Garton
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Joan Powell
Board Member
$0Pt VII · Sec A
Felicia Hilton
Board Member
$0Pt VII · Sec A
Alexis Ross
Board Member
$0Pt VII · Sec A
Travis Gorsch
Board Member
$0Pt VII · Sec A
Amy Sue Alesch
Board Member
$0Pt VII · Sec A
See Parks Area 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 15aNo

Programs and updates

Boosts local economies and historic redevelopment through community education.

Questions for Parks Area Foundation

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1 program · $18K · in their own filed words · FY2023
01

Events and concerts held to promote economic development and educating public to the benefits of the community area.

$18Kprogram 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 · 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
−$60K
Ln 12
Gifts and grantsLn 1h$12K
Investment incomeLn 3$2K
Money outPt IX
$18K
Ln 25
Programscol B$18K
Owns and owesPt X
$565K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$567K
LiabilitiesLn 26$2K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Government grantsLn 1e$12K
Investment incomeLn 3$2K
Total revenueLn 12−$60K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Land, buildings, equipmentLn 10c$399K
Other assetsLn 15$2K
Total assetsLn 16$567K
LiabilitiesLn 26$2K
Net assetsLn 32$565K
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 FY23End FY23
Cash and savingsLn 1–2$253K$165K
Land, buildings, equipmentLn 10c$390K$399K
Total assetsLn 16$645K$567K
LiabilitiesLn 26$2K$2K
Net assetsLn 32$643K$565K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$8K$8K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$18K$18K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 27, 2026 −$35K$37K−$72K$464K 990 PDF
FY2024Filed with the IRS Feb 20, 2025 −$7K$22K−$29K$536K 990 PDF
FY2023 ViewingFiled with the IRS May 10, 2024 −$60K$18K−$79K$565K 990 PDF
FY2022Filed with the IRS May 6, 2023 $146K$22K$124K$643K 990 PDF
FY2021Filed with the IRS May 13, 2022 $7K$81K−$74K$532K 990 PDF
FY2020Filed with the IRS Oct 28, 2021 $50K$59K−$9K$602K 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 FY2023 990 (6 parts)
Part I · Summary −$60,413 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $81,705$12,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $246$2,350
I-11 Other revenuePrior year $64,222−$74,763
I-12 Total revenuePrior year $146,173−$60,413
I-13 Grants and similar amounts paidPrior year $0$0
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 $21,904$18,198
I-18 Total expensesPrior year $21,904$18,198
I-19 Revenue less expensesPrior year $124,269−$78,611
Part VI · Governance 8 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue −$60,413 across 5 lines filed
VIII-1e Government grants$12,000
VIII-1h Total contributions, gifts and grants$12,000
VIII-3 Investment incomeRelated to mission $2,350$2,350
VIII-8 Net income from fundraising eventsExcluded from tax −$74,763−$74,763
VIII-12 Total revenueRelated to mission $2,350 · Unrelated business $0 · Excluded from tax −$74,763−$60,413
Part IX · Statement of functional expenses $18,198 across 3 lines filed
IX-22 Depreciation, depletion and amortizationPrograms $8,418$8,418
IX-24 Other expenses (24a–d)Programs $8,707$8,707
IX-24e All other expensesPrograms $1,073$1,073
IX-25 Total functional expensesPrograms $18,198 · Management $0 · Fundraising $0$18,198
Part X · Balance sheet $566,507 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $252,917$164,719
X-4 Accounts receivableStart of year $650$1,250
X-10c Land, buildings and equipment, netStart of year $389,763$398,750
X-15 Other assetsStart of year $1,788$1,788
X-16 Total assetsStart of year $645,118$566,507
X-25 Other liabilitiesStart of year $1,788$1,788
X-26 Total liabilitiesStart of year $1,788$1,788
X-27 Net assets without donor restrictionsStart of year $643,330$564,719
X-32 Total net assets or fund balancesStart of year $643,330$564,719
X-33 Total liabilities and net assetsStart of year $645,118$566,507
Part XI · Reconciliation of net assets $564,719 net assets at year end
XI-1 Total revenue−$60,413
XI-2 Total expenses$18,198
XI-3 Revenue less expenses−$78,611
XI-4 Net assets at start of year$643,330
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$564,719

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

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