Parksmart FY2020 filing

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To develop a parking system in downtown toledo that views each user as a valued customer, and provides exemplary operations, maintenance, marketing, customer service and safety, with the result that parking becomes, in every respect, an asset and advantage for downtown toledo.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3902668) · Dispute this line
501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
97¢ 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)(4)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $297K a year · 7% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
97% of spending went to programs.
Pt IX · Ln 25 · col B
8.2 mo
of spending, in cash
8.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$504K
12% of total assets
Liabilities are 12% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.4M
Spent
$3.4M
To programs
97%
Net assets
$3.7M
By yearFY2020–FY2024
Revenue
$3.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$3.8M
FY2022$4.6M
FY2023$4.3M
FY2024$4.4M
Expenses
$3.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.4M
FY2021$3.4M
FY2022$4.2M
FY2023$3.9M
FY2024$4.0M
Net assets
$3.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.7M
FY2021$4.1M
FY2022$4.4M
FY2023$4.8M
FY2024$5.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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 Sep 2018.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $3.3M Management & general 3% · $103K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Parksmart 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 downtown Toledo parking with excellent service, safety, and maintenance.

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1 program · $3.3M · in their own filed words · FY2020
01

Parksmart provides contract management services for publicly-owned parking garages, surface lots and metered street parking within prescribed boundaries in downtown toledo, ohio. The facilities are owned partly by the city of toledo and partly by the toledo-lucas county port authority.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3902668) · Dispute this line
$3.3Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.4M
Ln 12
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$9K
Other incomeLn 4–11$1K
Money outPt IX
$3.4M
Ln 25
Programscol B$3.3M
Managementcol C$103K
Owns and owesPt X
$3.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$4.2M
LiabilitiesLn 26$504K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.4M
Investment incomeLn 3$9K
Other incomeLn 4–11$1K
Gains on assetsLn 7$1K
Total revenueLn 12$3.4M
Assets in detailPt X, end of year
CashLn 1$451K
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$2.3M
Accounts receivableLn 4$44K
Prepaid expenses and deferred chargesLn 9$14K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$500
Total assetsLn 16$4.2M
LiabilitiesLn 26$504K
Net assetsLn 32$3.7M
OperationsPt I, VI
EmployeesI 527
VolunteersI 65
Fiscal year endsHeaderDecember
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$3.0M$2.3M
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$4.8M$4.2M
LiabilitiesLn 26$1.0M$504K
Net assetsLn 32$3.8M$3.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$253K$191K$62K
Other employee benefitsLn 9$38K$29K$9K
Payroll taxesLn 10$9K$7K$2K
Legal feesLn 11b$73K$73K
Other fees for servicesLn 11g$125K$125K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$57K$57K
OccupancyLn 16$486K$486K
TravelLn 17$1K$1K
Payments to affiliatesLn 21$684K$684K
Depreciation, depletion and amortizationLn 22$293K$284K$9K
InsuranceLn 23$26K$26K
Other expenses (24a–d)Ln 24$1.4M$1.3M$20K
Total functional expensesLn 25$3.4M$3.3M$103K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jun 27, 2025 $4.4M$4.0M$380K$5.2M 990 PDF
FY2023Filed with the IRS Sep 20, 2024 $4.3M$3.9M$373K$4.8M 990 PDF
FY2022Filed with the IRS Sep 14, 2023 $4.6M$4.2M$366K$4.4M 990 PDF
FY2021Filed with the IRS Oct 13, 2022 $3.8M$3.4M$359K$4.1M 990 PDF
FY2020 ViewingFiled with the IRS Sep 14, 2021 $3.4M$3.4M$7K$3.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $3,418,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,478,863$3,407,518
I-10 Investment incomePrior year $1,344$10,567
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,480,207$3,418,085
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 $560,620$300,058
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,417,982$3,111,448
I-18 Total expensesPrior year $4,978,602$3,411,506
I-19 Revenue less expensesPrior year $501,605$6,579
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $3,418,085 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,407,518$3,407,518
VIII-3 Investment incomeExcluded from tax $9,299$9,299
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,268$1,268
VIII-12 Total revenueRelated to mission $3,407,518 · Unrelated business $0 · Excluded from tax $10,567$3,418,085
Part IX · Statement of functional expenses $3,411,506 across 13 lines filed
IX-7 Other salaries and wagesPrograms $191,147 · Management $62,130$253,277
IX-9 Other employee benefitsPrograms $28,734 · Management $9,340$38,074
IX-10 Payroll taxesPrograms $6,571 · Management $2,136$8,707
IX-11b Legal feesPrograms $73,007$73,007
IX-11g Other fees for servicesPrograms $124,640$124,640
IX-12 Advertising and promotionPrograms $3,869$3,869
IX-13 Office expensesPrograms $56,845$56,845
IX-16 OccupancyPrograms $485,681$485,681
IX-17 TravelPrograms $1,246$1,246
IX-21 Payments to affiliatesPrograms $684,081$684,081
IX-22 Depreciation, depletion and amortizationPrograms $283,704 · Management $9,248$292,952
IX-23 InsurancePrograms $26,473$26,473
IX-24 Other expenses (24a–d)Programs $1,342,464 · Management $20,190$1,362,654
IX-25 Total functional expensesPrograms $3,308,462 · Management $103,044 · Fundraising $0$3,411,506
Part X · Balance sheet $4,202,376 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $752,489$451,158
X-2 Savings and temporary cash investmentsStart of year $2,278,927$1,871,280
X-4 Accounts receivableStart of year $30,082$44,337
X-9 Prepaid expenses and deferred chargesStart of year $17,020$14,300
X-10c Land, buildings and equipment, netStart of year $1,753,299$1,820,801
X-15 Other assetsStart of year $500$500
X-16 Total assetsStart of year $4,832,317$4,202,376
X-17 Accounts payable and accrued expensesStart of year $536,262$310,546
X-19 Deferred revenueStart of year $34,792$33,597
X-25 Other liabilitiesStart of year $468,994$159,385
X-26 Total liabilitiesStart of year $1,040,048$503,528
X-27 Net assets without donor restrictionsStart of year $3,792,269$3,698,848
X-32 Total net assets or fund balancesStart of year $3,792,269$3,698,848
X-33 Total liabilities and net assetsStart of year $4,832,317$4,202,376
Part XI · Reconciliation of net assets $3,698,848 net assets at year end
XI-1 Total revenue$3,418,085
XI-2 Total expenses$3,411,506
XI-3 Revenue less expenses$6,579
XI-4 Net assets at start of year$3,792,269
XI-8 Prior period adjustments−$100,000
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,698,848

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

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