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Park Central Development Corporation FY2021 filing

Tax-deductible

Saint Louis, MO501(c)(3)Community Development EIN 37-1427044Revenue $1.2M in FY2021Latest return filed Nov 12, 2025

On file with the IRSparkcentraldeveopment.orgSaint Louis, MOTax-exempt since Jul 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To promote social welfare and improve quality of life in neighborhoods in the city of st. Louis, missouri.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
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
4 of 5
filings with a surplus
Average surplus $6K a year · under 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $422K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$1.2M
+16% vs prior year
Spent
$1.1M
To programs
70%
Net assets
$573K
By yearFY2020–FY2024
Revenue
$1.2M
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$980K
FY2023$1.5M
FY2024$1.6M
Expenses
$1.1M
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.1M
FY2022$908K
FY2023$1.5M
FY2024$1.9M
Net assets
$573K
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$435K
FY2021$573K
FY2022$644K
FY2023$680K
FY2024$399K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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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 ruling in Jul 2003.

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% · $768K Management & general 30% · $330K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Gerald Kirk
Treasurer
$0Pt VII · Sec A
Daniel Hellmuth
Board Member
$0Pt VII · Sec A
Phil Minden
Board Member
$0Pt VII · Sec A
Brian Pratt
Board Member
$0Pt VII · Sec A
Yusef Scoggin
Board Member
$0Pt VII · Sec A
Guy Slay
Board Member
$0Pt VII · Sec A
Mike Sullivan
Secretary
$0Pt VII · Sec A
See Park Central Development Corporation 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

Improves neighborhood quality of life and promotes social welfare in St. Louis.

Questions for Park Central Development Corporation

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1 program · $768K · in their own filed words · FY2021
01

The organization was formed to promote the social welfare and improve the quality of life for residents and businesses in neighborhoods in the city of saint louis, mo.

$768Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Forest Park Southeast Development CorporationFY2024$317K
Washington University Medical CenterFY2024$59K
Wells Fargo FoundationFY2024$25K
Regional Cultural & Performing Arts Development CommissionFY2024$15K
United Way of Greater St Louis INCFY2024$6K
Total grants receivedfrom 5 funders$422K
See all 5 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$697K
Fees for servicesLn 2g$390K
Other incomeLn 4–11$147K
Money outPt IX
$1.1M
Ln 25
Programscol B$768K
Managementcol C$330K
Owns and owesPt X
$573K
net assets · Ln 32
Cash and savingsLn 1–2$566K
Total assetsLn 16$586K
LiabilitiesLn 26$14K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$697K
Fees for servicesLn 2g$390K
Investment incomeLn 3$780
Other incomeLn 4–11$147K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$566K
Cash and savings togetherLn 1–2$566K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$16K
Total assetsLn 16$586K
LiabilitiesLn 26$14K
Net assetsLn 32$573K
OperationsPt I, VI
EmployeesI 56
VolunteersI 613
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$446K$566K
Land, buildings, equipmentLn 10c$21K$16K
Total assetsLn 16$543K$586K
LiabilitiesLn 26$107K$14K
Net assetsLn 32$435K$573K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$367K$184K$184K
Payroll taxesLn 10$28K$14K$14K
Other fees for servicesLn 11g$55K$12K$43K
Office expensesLn 13$12K$12K
OccupancyLn 16$30K$30K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$37K$37K
Other expenses (24a–d)Ln 24$564K$559K$5K
Total functional expensesLn 25$1.1M$768K$330K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 12, 2025 $1.6M$1.9M−$281K$399K 990 PDF
FY2023Filed with the IRS Aug 13, 2024 $1.5M$1.5M$36K$680K 990 PDF
FY2022Filed with the IRS Mar 30, 2023 $980K$908K$71K$644K 990 PDF
FY2021 ViewingFiled with the IRS Mar 3, 2022 $1.2M$1.1M$137K$573K 990 PDF
FY2020Filed with the IRS Apr 10, 2021 $1.1M$1.0M$64K$435K 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 FY2021 990 (6 parts)
Part I · Summary $1,235,219 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $807,769$696,752
I-9 Program service revenuePrior year $192,994$390,261
I-10 Investment incomePrior year $1,084$780
I-11 Other revenuePrior year $66,878$147,426
I-12 Total revenuePrior year $1,068,725$1,235,219
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 $379,595$394,928
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $624,805$702,862
I-18 Total expensesPrior year $1,004,400$1,097,790
I-19 Revenue less expensesPrior year $64,325$137,429
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,235,219 across 7 lines filed
VIII-1f All other contributions, gifts and grants$696,752
VIII-1h Total contributions, gifts and grants$696,752
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $390,261$390,261
VIII-3 Investment incomeRelated to mission $780$780
VIII-8 Net income from fundraising eventsExcluded from tax $142,230$142,230
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,196$5,196
VIII-12 Total revenueRelated to mission $396,237 · Unrelated business $0 · Excluded from tax $142,230$1,235,219
Part IX · Statement of functional expenses $1,097,790 across 8 lines filed
IX-7 Other salaries and wagesPrograms $183,680 · Management $183,680$367,360
IX-10 Payroll taxesPrograms $13,784 · Management $13,784$27,568
IX-11g Other fees for servicesPrograms $11,889 · Management $42,756$54,645
IX-13 Office expensesManagement $12,484$12,484
IX-16 OccupancyManagement $29,903$29,903
IX-22 Depreciation, depletion and amortizationManagement $5,634$5,634
IX-23 InsuranceManagement $36,629$36,629
IX-24 Other expenses (24a–d)Programs $558,712 · Management $4,855$563,567
IX-25 Total functional expensesPrograms $768,065 · Management $329,725 · Fundraising $0$1,097,790
Part X · Balance sheet $586,488 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $446,371$565,700
X-3 Pledges and grants receivableStart of year $70,000$0
X-9 Prepaid expenses and deferred chargesStart of year $5,200$5,200
X-10c Land, buildings and equipment, netStart of year $21,223$15,588
X-16 Total assetsStart of year $542,794$586,488
X-17 Accounts payable and accrued expensesStart of year $38,818$13,583
X-24 Unsecured notes and loans payableStart of year $68,500$0
X-26 Total liabilitiesStart of year $107,318$13,583
X-27 Net assets without donor restrictionsStart of year $169,902$310,191
X-28 Net assets with donor restrictionsStart of year $265,574$262,714
X-32 Total net assets or fund balancesStart of year $435,476$572,905
X-33 Total liabilities and net assetsStart of year $542,794$586,488
Part XI · Reconciliation of net assets $572,905 net assets at year end
XI-1 Total revenue$1,235,219
XI-2 Total expenses$1,097,790
XI-3 Revenue less expenses$137,429
XI-4 Net assets at start of year$435,476
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$572,905

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

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