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Cooper Park Development Company

Tax-deductible

Mount Vernon, OH501(c)(3)Community Development EIN 85-3420407Revenue $3.9M in FY2024

On file with the IRSPo Box 29, 43050-0029 · Mount Vernon, OHTax-exempt since Feb 2023Supporting org, Type I — 509(a)(3)

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A. Cooper Park Development Company is organized and shall be operated exclusively for charitable, religious, literary, scientific, and educational purposes set forth in section 501(c)(3) of the internal revenue code of 1986, as amended. B. More specifically, the Company is a "supporting organization" as said term is defined in section 509(a)(3) of the code. The supported organization is the knox county land reutilization Company, a non-profit Company exempt from taxation under section 501(c)(3) of the code and not a private foundation pursuant to section 509(a)(1) of the code. The Company shall be organized and operated to conduct and support the supported organization's exempt purposes.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 4
filings with a surplus
Average deficit $80K a year · 4% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2.8M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
167% of total assets
Concern: liabilities are 167% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+83% vs prior year
Spent
$4.6M
To programs
99%
Net assets
−$882K
By yearFY2021–FY2024
Revenue
$3.9M
FY2024▲ +83%
Tap a bar for its year
Revenue by fiscal year
FY2021$275K
FY2022$1.3M
FY2023$2.1M
FY2024$3.9M
Expenses
$4.6M
FY2024▲ +207%
Tap a bar for its year
Expenses by fiscal year
FY2021$714K
FY2022$1.1M
FY2023$1.5M
FY2024$4.6M
Net assets
−$882K
FY2024▼ -443%
Tap a bar for its year
Net assets by fiscal year
FY2021−$409K
FY2022−$194K
FY2023−$162K
FY2024−$882K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2023.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $4.5M Management & general 1% · $56K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Teresa Bemiller
Chairperson
$0Pt VII · Sec A
Keith Burley
Director
$0Pt VII · Sec A
Sam Filkins
President, Secretary
$0Pt VII · Sec A
Gordy Yance
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Ramser
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cooper Park Development Company executive salaries →

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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

Supports a nonprofit company that reuses land for charitable purposes.

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Provided by the organization

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1 program · $4.5M · in their own filed words · FY2024
01

CPDC is a sponsoring organization as defined in section 509(a)(1) of the code and will engage in fundraising activities for the knox county land reutilization corporation, inc., to enable the knox county land reutilization corporation, inc.

$4.5Mprogram 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
The Ariel FoundationFY2024$2.8M
Total grants receivedfrom 1 funder$2.8M

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$2.8M
Other incomeLn 4–11$658K
Fees for servicesLn 2g$393K
Money outPt IX
$4.6M
Ln 25
Programscol B$4.5M
Managementcol C$56K
Owns and owesPt X
−$882K
net assets · Ln 32
Cash and savingsLn 1–2$198K
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.8M
Fees for servicesLn 2g$393K
Investment incomeLn 3$63K
Other incomeLn 4–11$658K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$198K
Cash and savings togetherLn 1–2$198K
Land, buildings, equipmentLn 10c$23K
Other assetsLn 15$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$2.2M
Net assetsLn 32−$882K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
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 FY24End FY24
Cash and savingsLn 1–2$45K$198K
Land, buildings, equipmentLn 10c$30K$23K
Total assetsLn 16$4.9M$1.3M
LiabilitiesLn 26$5.0M$2.2M
Net assetsLn 32−$162K−$882K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$253K$253K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$399K$399K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$3.9M$3.9M
Total functional expensesLn 25$4.6M$4.5M$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.9M$4.6M−$720K−$882K 990 PDF
FY2023 $2.1M$1.5M$623K−$162K 990 PDF
FY2022 $1.3M$1.1M$215K−$194K 990 PDF
FY2021 $275K$714K−$439K−$409K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,880,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $87,565$2,767,254
I-9 Program service revenuePrior year $0$392,711
I-10 Investment incomePrior year $36,434$62,798
I-11 Other revenuePrior year $1,999,402$658,144
I-12 Total revenuePrior year $2,123,401$3,880,907
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 $1,500,176$4,600,772
I-18 Total expensesPrior year $1,500,176$4,600,772
I-19 Revenue less expensesPrior year $623,225−$719,865
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $3,880,907 across 5 lines filed
Lines not itemized here account for $658,144 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,767,254
VIII-1h Total contributions, gifts and grants$2,767,254
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $392,711$392,711
VIII-3 Investment incomeExcluded from tax $62,798$62,798
VIII-12 Total revenueRelated to mission $1,050,855 · Unrelated business $0 · Excluded from tax $62,798$3,880,907
Part IX · Statement of functional expenses $4,600,772 across 7 lines filed
IX-11a Management feesPrograms $253,456$253,456
IX-11b Legal feesManagement $44,175$44,175
IX-11c Accounting feesManagement $11,490$11,490
IX-11g Other fees for servicesPrograms $398,552$398,552
IX-22 Depreciation, depletion and amortizationPrograms $7,273$7,273
IX-23 InsurancePrograms $33,163$33,163
IX-24 Other expenses (24a–d)Programs $3,852,663$3,852,663
IX-25 Total functional expensesPrograms $4,545,107 · Management $55,665 · Fundraising $0$4,600,772
Part X · Balance sheet $1,321,085 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $45,361$197,875
X-9 Prepaid expenses and deferred chargesStart of year $11,054$11,054
X-10c Land, buildings and equipment, netStart of year $30,006$22,733
X-15 Other assetsStart of year $4,214,214$1,089,423
X-16 Total assetsStart of year $4,868,581$1,321,085
X-17 Accounts payable and accrued expensesStart of year $728,889$234,605
X-19 Deferred revenueStart of year $567,946$0
X-24 Unsecured notes and loans payableStart of year $250,000$0
X-25 Other liabilitiesStart of year $3,484,212$1,968,811
X-26 Total liabilitiesStart of year $5,031,047$2,203,416
X-32 Total net assets or fund balancesStart of year −$162,466−$882,331
X-33 Total liabilities and net assetsStart of year $4,868,581$1,321,085
Part XI · Reconciliation of net assets −$882,331 net assets at year end
XI-1 Total revenue$3,880,907
XI-2 Total expenses$4,600,772
XI-3 Revenue less expenses−$719,865
XI-4 Net assets at start of year−$162,466
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$882,331

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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