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Cooper Park Development Company FY2022 filing

Tax-deductible

Mount Vernon, OH501(c)(3)Community Development EIN 85-3420407Revenue $1.3M in FY2022

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.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
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
$894K
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+389% vs prior year
Spent
$1.1M
To programs
96%
Net assets
−$194K
By yearFY2021–FY2024
Revenue
$1.3M
FY2022▲ +389%
Tap a bar for its year
Revenue by fiscal year
FY2021$275K
FY2022$1.3M
FY2023$2.1M
FY2024$3.9M
Expenses
$1.1M
FY2022▲ +58%
Tap a bar for its year
Expenses by fiscal year
FY2021$714K
FY2022$1.1M
FY2023$1.5M
FY2024$4.6M
Net assets
−$194K
FY2022▲ +53%
Tap a bar for its year
Net assets by fiscal year
FY2021−$409K
FY2022−$194K
FY2023−$162K
FY2024−$882K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Feb 2023.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.1M Management & general 4% · $46K

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

8 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
$0Pt VII · Sec A
Jeffrey Gottke
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 · $1.1M · in their own filed words · FY2022
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.

$1.1Mprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Other incomeLn 4–11$1.1M
Gifts and grantsLn 1h$150K
Fees for servicesLn 2g$100K
Money outPt IX
$1.1M
Ln 25
Programscol B$1.1M
Managementcol C$46K
Owns and owesPt X
−$194K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$700K
LiabilitiesLn 26$894K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$150K
Fees for servicesLn 2g$100K
Investment incomeLn 3$12K
Other incomeLn 4–11$1.1M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$95K
Cash and savings togetherLn 1–2$95K
Land, buildings, equipmentLn 10c$5K
Total assetsLn 16$700K
LiabilitiesLn 26$894K
Net assetsLn 32−$194K
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 FY22End FY22
Cash and savingsLn 1–2$36K$95K
Land, buildings, equipmentLn 10c$7K$5K
Total assetsLn 16$124K$700K
LiabilitiesLn 26$533K$894K
Net assetsLn 32−$409K−$194K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$223K$223K
Legal feesLn 11b$35K$35K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$113K$113K
Office expensesLn 13$28$28
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$717K$717K
Total functional expensesLn 25$1.1M$1.1M$46K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.9M$4.6M−$720K−$882K 990 PDF
FY2023 $2.1M$1.5M$623K−$162K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $1,343,076 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $221,630$150,000
I-9 Program service revenuePrior year $24,971$100,000
I-10 Investment incomePrior year $0$12,449
I-11 Other revenuePrior year $27,961$1,080,627
I-12 Total revenuePrior year $274,562$1,343,076
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 $713,780$1,128,247
I-18 Total expensesPrior year $713,780$1,128,247
I-19 Revenue less expensesPrior year −$439,218$214,829
Part VI · Governance 7 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
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 $1,343,076 across 6 lines filed
Lines not itemized here account for $1,011,755 of total revenue; see the IRS return.
VIII-1e Government grants$150,000
VIII-1h Total contributions, gifts and grants$150,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $100,000$100,000
VIII-3 Investment incomeExcluded from tax $12,449$12,449
VIII-6 Net rental income or lossExcluded from tax $68,872$68,872
VIII-12 Total revenueRelated to mission $1,111,755 · Unrelated business $0 · Excluded from tax $81,321$1,343,076
Part IX · Statement of functional expenses $1,128,247 across 8 lines filed
IX-11a Management feesPrograms $223,211$223,211
IX-11b Legal feesManagement $35,336$35,336
IX-11c Accounting feesManagement $10,230$10,230
IX-11g Other fees for servicesPrograms $113,467$113,467
IX-13 Office expensesPrograms $28$28
IX-22 Depreciation, depletion and amortizationPrograms $1,628$1,628
IX-23 InsurancePrograms $26,988$26,988
IX-24 Other expenses (24a–d)Programs $717,359$717,359
IX-25 Total functional expensesPrograms $1,082,681 · Management $45,566 · Fundraising $0$1,128,247
Part X · Balance sheet $700,392 assets, 11 lines filed
Asset lines not itemized here account for $591,685; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $35,721$94,690
X-8 Inventories for sale or useStart of year $71,630$0
X-9 Prepaid expenses and deferred chargesStart of year $9,538$8,725
X-10c Land, buildings and equipment, netStart of year $6,920$5,292
X-16 Total assetsStart of year $123,809$700,392
X-17 Accounts payable and accrued expensesStart of year $320,511$572,353
X-24 Unsecured notes and loans payableStart of year $150,000$250,000
X-25 Other liabilitiesStart of year $40,212$72,045
X-26 Total liabilitiesStart of year $532,644$894,398
X-32 Total net assets or fund balancesStart of year −$408,835−$194,006
X-33 Total liabilities and net assetsStart of year $123,809$700,392
Part XI · Reconciliation of net assets −$194,006 net assets at year end
XI-1 Total revenue$1,343,076
XI-2 Total expenses$1,128,247
XI-3 Revenue less expenses$214,829
XI-4 Net assets at start of year−$408,835
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$194,006

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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