Evans Park INC FY2020 filing

Tax-deductible

Elk River, MN501(c)(3)Since 1985EIN 41-1542976Revenue $15.8M in FY2020

On file with the IRSguardianangelsmn.org508 Freeport Ave Nw Ste A, 55330-1874 · Elk River, MNTax-exempt since Jun 1987Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

Provision of housing and services for elderly and handicapped people through the operation of a 36-unit apartment complex, a 90-unit assisted living facility in elk river, a 63-unit assisted living in albertville, and a 142-unit building in otsego. The facilities are specially designed to meet the physical, social and psychological needs of the residents and to contribute to their health, security and happiness.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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 5
filings with a surplus
Average surplus $7K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$47.5M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.8M
Spent
$15.3M
To programs
81%
Net assets
−$2.3M
By yearFY2020–FY2024
Revenue
$15.8M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15.8M
FY2021$16.3M
FY2022$17.2M
FY2023$19.8M
FY2024$22.1M
FY2024$23.9M
Expenses
$15.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$15.3M
FY2021$15.6M
FY2022$17.0M
FY2023$21.1M
FY2024$22.2M
FY2024$22.8M
Net assets
−$2.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$2.3M
FY2021−$2.2M
FY2022−$2.4M
FY2023−$3.6M
FY2024−$3.5M
FY2024−$2.4M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 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 Jun 1987.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $12.5M Management & general 19% · $2.8M

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President/CEO
$0Pt VII · Sec A
Vice President/CFO
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Evans Park INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Provides housing and services for elderly and handicapped individuals in specially designed facilities.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $12.5M · in their own filed words · FY2019
01

Provision of housing and services for elderly and handicapped people through the operation of a 36-UNIT apartment complex, a 90-UNIT assisted living facility in elk river and a 63-UNIT assisted living in albertville.

$12.5Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$19K
Grants paid · 3 grants · $7.0M · 2022–2024
Guardian Angels of Elk River INCMN · FY2024$1,675,000
Guardian Angels of Elk River INCMN · FY2023$2,650,000
Guardian Angels of Elk River INCMN · FY2022$2,650,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.8M
Ln 12
Fees for servicesLn 2g$14.9M
Investment incomeLn 3$414K
Gifts and grantsLn 1h$325K
Money outPt IX
$15.3M
Ln 25
Programscol B$12.5M
Managementcol C$2.8M
Owns and owesPt X
−$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$6.6M
Total assetsLn 16$45.2M
LiabilitiesLn 26$47.5M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325K
Government grantsLn 1e$301K
Fees for servicesLn 2g$14.9M
Investment incomeLn 3$414K
Other incomeLn 4–11$110K
Gains on assetsLn 7$207K
Total revenueLn 12$15.8M
Assets in detailPt X, end of year
CashLn 1$2.6M
SavingsLn 2$4.0M
Cash and savings togetherLn 1–2$6.6M
Land, buildings, equipmentLn 10c$37.8M
Other assetsLn 15$425K
Total assetsLn 16$45.2M
LiabilitiesLn 26$47.5M
Net assetsLn 32−$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 691
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7.8M$6.6M
Land, buildings, equipmentLn 10c$39.4M$37.8M
Total assetsLn 16$47.8M$45.2M
LiabilitiesLn 26$47.8M$47.5M
Net assetsLn 32$5K−$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$6.2M$5.0M$1.2M
Pension plan contributionsLn 8$112K$90K$21K
Other employee benefitsLn 9$888K$719K$169K
Payroll taxesLn 10$433K$350K$82K
Management feesLn 11a$511K$511K
Legal feesLn 11b$23K$23K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$167K$153K$14K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$140K$140K
Information technologyLn 14$80K$80K
OccupancyLn 16$1.4M$1.4M
TravelLn 17$50K$42K$8K
Conferences, conventions and meetingsLn 19$474$474
InterestLn 20$1.3M$1.3M
Depreciation, depletion and amortizationLn 22$2.1M$2.1M
InsuranceLn 23$114K$114K
Other expenses (24a–d)Ln 24$1.0M$958K$84K
All other expensesLn 24e$648K$270K$378K
Total functional expensesLn 25$15.3M$12.5M$2.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $22.1M$22.2M−$97K−$3.5M 990 PDF
FY2023 $19.8M$21.1M−$1.3M−$3.6M 990 PDF
FY2022 $17.2M$17.0M$181K−$2.4M 990 PDF
FY2021 $16.3M$15.6M$738K−$2.2M 990 PDF
FY2020 Viewing $15.8M$15.3M$486K−$2.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $15,788,521 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,610$324,860
I-9 Program service revenuePrior year $12,052,205$14,939,128
I-10 Investment incomePrior year $407,167$414,419
I-11 Other revenuePrior year $126,339$110,114
I-12 Total revenuePrior year $12,654,321$15,788,521
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 $6,427,933$7,602,697
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,841,860$7,699,654
I-18 Total expensesPrior year $13,269,793$15,302,351
I-19 Revenue less expensesPrior year −$615,472$486,170
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
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 $15,788,521 across 8 lines filed
VIII-1e Government grants$301,378
VIII-1f All other contributions, gifts and grants$23,482
VIII-1h Total contributions, gifts and grants$324,860
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,939,128$14,939,128
VIII-3 Investment incomeExcluded from tax $207,857$207,857
VIII-7 Net gain or loss on sales of assetsExcluded from tax $206,562$206,562
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $110,114$110,114
VIII-12 Total revenueRelated to mission $14,939,128 · Unrelated business $0 · Excluded from tax $524,533$15,788,521
Part IX · Statement of functional expenses $15,302,351 across 19 lines filed
IX-7 Other salaries and wagesPrograms $5,001,985 · Management $1,168,367$6,170,352
IX-8 Pension plan contributionsPrograms $90,382 · Management $21,201$111,583
IX-9 Other employee benefitsPrograms $719,393 · Management $168,746$888,139
IX-10 Payroll taxesPrograms $350,425 · Management $82,198$432,623
IX-11a Management feesManagement $511,184$511,184
IX-11b Legal feesManagement $23,409$23,409
IX-11c Accounting feesManagement $20,437$20,437
IX-11g Other fees for servicesPrograms $153,127 · Management $14,206$167,333
IX-12 Advertising and promotionManagement $33,219$33,219
IX-13 Office expensesManagement $139,898$139,898
IX-14 Information technologyManagement $79,738$79,738
IX-16 OccupancyPrograms $1,412,662$1,412,662
IX-17 TravelPrograms $42,420 · Management $7,604$50,024
IX-19 Conferences, conventions and meetingsManagement $474$474
IX-20 InterestPrograms $1,332,065$1,332,065
IX-22 Depreciation, depletion and amortizationPrograms $2,124,263$2,124,263
IX-23 InsuranceManagement $113,926$113,926
IX-24 Other expenses (24a–d)Programs $958,385 · Management $84,306$1,042,691
IX-24e All other expensesPrograms $270,139 · Management $378,192$648,331
IX-25 Total functional expensesPrograms $12,455,246 · Management $2,847,105 · Fundraising $0$15,302,351
Part X · Balance sheet $45,227,189 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,670,081$2,595,435
X-2 Savings and temporary cash investmentsStart of year $5,128,708$4,024,332
X-4 Accounts receivableStart of year $211,753$366,495
X-9 Prepaid expenses and deferred chargesStart of year $25,306$9,399
X-10c Land, buildings and equipment, netStart of year $39,392,476$37,806,980
X-15 Other assetsStart of year $418,593$424,548
X-16 Total assetsStart of year $47,846,917$45,227,189
X-17 Accounts payable and accrued expensesStart of year $1,420,626$1,554,301
X-19 Deferred revenueStart of year $3,592$15,614
X-20 Tax-exempt bond liabilitiesStart of year $45,870,409$45,250,700
X-25 Other liabilitiesStart of year $142,410$292,125
X-26 Total liabilitiesStart of year $47,842,172$47,482,833
X-27 Net assets without donor restrictionsStart of year −$9,986−$2,255,644
X-28 Net assets with donor restrictionsStart of year $14,731$0
X-32 Total net assets or fund balancesStart of year $4,745−$2,255,644
X-33 Total liabilities and net assetsStart of year $47,846,917$45,227,189
Part XI · Reconciliation of net assets −$2,255,644 net assets at year end
XI-1 Total revenue$15,788,521
XI-2 Total expenses$15,302,351
XI-3 Revenue less expenses$486,170
XI-4 Net assets at start of year$4,745
XI-9 Other changes in net assets−$2,746,559
XI-10 Net assets at end of year−$2,255,644

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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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.