Spokane Parks Foundation EIN 91-6033504 Form 990 (PDF) Claim this org

Spokane Parks Foundation

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Funds park activities and community projects in Spokane through grants. For fiscal year 2024 it reported $530K in revenue, $392K in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Spokane, WA
Website
www.spokaneparksfoundation.org
Filings
5 on file (2020–2024)
Revenue
$530KFY2024
Expenses
$392K
Net assets
$2.3M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-6033504 Public charity (501(c)(3)) Spokane, WA
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds park activities and community projects in Spokane through grants.
Leadership
Yvonne Trudeau · Executive Director · $80K
Money in and out
$530K revenue, $392K expenses
Bottom line
86% program efficiency
Where the money goes · FY2024
Total revenue
$530K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $139K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program efficiency
86%
of spending reaches programs▲ +5% vs prior filing year
Operating runway
71.3mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
+26%
revenue over expenses, this year▼ -45% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$530K
FY2024▼ -5%
Expenses
$392K
FY2024▲ +34%
Total assets
$2.3M
FY2024▲ +9%
Total liabilities
$4K
FY2024▲ +7%
Total revenue
$530K
Pt VIII · Ln 12
Total expenses
$392K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$139K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSpokane Parks Foundation
EINHdr · item D91-6033504
Principal addressHdr · item CSpokane, WA
WebsiteHdr · item Jwww.spokaneparksfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJul 1953

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$80,317Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
Spokane Park Board Trustee
$0Pt VII · Sec A
Spokane County Park Board
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Yvonne Trudeau$80,317$75,000
Terri Fortner$75,000$75,000
Yvonne Trudeau$58,654

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Spokane Parks Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $338K of program spending, described in the organization's own filed words · FY2024.
01

The Spokane Parks Foundation, through our Community Grants Program, provides funding to improve and enhance public parks, as well as create equity and accessibility for all community members. The beneficiaries of our efforts are the citizens of Spokane and Spokane County, as well as visitors to our region.

$338Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$342K · 64%
Investment income$184K · 35%
Program service revenue$13K · 2%
Contributions & grants64%$342K
Investment income35%$184K
Program service revenue2%$13K
Total revenueLn 12$530K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$338K
Management & general12%$46K
Fundraising2%$8K
Total functional expensesLn 25$392K

Balance Sheet

Part X · end of year
CashLn 1$569K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$4K
Total net assetsLn 32$2.3M
Months of cash on handcomputed17.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses (Pt IX) $392K · Less non-cash grants $8K · Cash operating expenses/yr $384K
71.3 months
Where the money goes
Program services
Program services $338K · Total expenses $392K
86%
Management & General
Management & general $46K · Total expenses $392K
12%
Fundraising
Fundraising $8K · Total expenses $392K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $432K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $342K · Total revenue $530K
64%
Government reliance
Government grants — · Total revenue $530K
Earned-income share
Program service revenue $13K · Total revenue $530K
2%
Investment reliance
Investment income $184K · Total revenue $530K
+35%
Program self-sufficiency
Program service revenue $13K · Total expenses $392K
3%
Growth & trend
Revenue growth (YoY)
This year $530K · Prior year $558K
-5%
Revenue CAGR
FY2020 $1.0M · FY2024 $530K
-15%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $530K · Expenses $392K
+26%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
75%
People & payroll
Highest Reported Total Compensation
Individual Yvonne Trudeau · Reported title Executive Director · Highest reported compensation $80K · Total expenses $392K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $392K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 12%
Fundraising cost ratio 2%
Revenue growth -5%
Investment management fee ratio 0.3%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$2K
Grants paid · 30 grants · $1.2M · 2020–2024
City of SpokaneFY2024$19,252
Spokane County Parks Recreation and GolfFY2024$14,000
City of Medical Lake Parks & RecFY2024$7,000
City of Airway Heights Police DepartmentFY2024$6,000
Northeast Youth CenterWA · FY2024$6,000
City of SpokaneFY2023$20,160
Spokane County Parks Recreation and GolfFY2023$10,000
City of Cheney Parks and RecreationFY2023$6,995
City of Airway Heights Police DepartmentFY2023$6,000
Northeast Youth CenterWA · FY2023$6,000
Peak 7 AdventuresWA · FY2023$5,500
City of SpokaneFY2022$81,596
City of SpokaneFY2022$21,457
Innovia FoundationWA · FY2022$13,760
City of Airway HeightsFY2022$11,960
Cops Mounted PatrolWA · FY2022$6,000
See all 30 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$530K revenue · viewing · ⤓ 990 PDF
FY2023$558K revenue · ⤓ 990 PDF
FY2022$489K revenue · ⤓ 990 PDF
FY2021$914K revenue · ⤓ 990 PDF
FY2020$1.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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