Uakronpark INC: Nonprofit Profile, Financials & Form 990 (EIN 93-2495826)

Revenue by fiscal year
FY2023	$3.4M
FY2024	$9.0M

Expenses by fiscal year
FY2023	$3.6M
FY2024	$11.0M

Net assets by fiscal year
FY2023	−$182K
FY2024	−$2.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

81 cents of each dollar spent went to programs.

81%

19%

Program services 81% · $8.9M Management & general 19% · $2.1M

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

Rachel Bridenstine

President

$0Pt VII · Sec A

Daniel Rice

Vice President

$0Pt VII · Sec A

Julie Wesel

Secretary and Treasurer

$0Pt VII · Sec A

Jared Coleman

Executive Director

$0Pt VII · Sec A

Dominick Demasi

Controller

$0Pt VII · Sec A

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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

Manages and monetizes university parking and related assets to boost reputation.

Provided by the organization

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1 program · $8.9M · in their own filed words · FY2024

01

As a non-profit entity, uakronpark is dedicated to the long-term improvement and sustainability of the university's parking facilities. Over the course of the concession, we are committed to investing approximately $12 million in capital expenditures (capex) within the first five years, focusing on substantial upgrades and enhancements…

$8.9Mprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$9.0M

Ln 12

Fees for servicesLn 2g$7.9M

Investment incomeLn 3$1.1M

Money outPt IX

$11.0M

Ln 25

Programscol B$8.9M

Managementcol C$2.1M

Owns and owesPt X

−$2.3M

net assets · Ln 32

Cash and savingsLn 1–2$3.9M

Total assetsLn 16$80.3M

LiabilitiesLn 26$82.6M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$7.9M

Investment incomeLn 3$1.1M

Gains on assetsLn 7$30K

Total revenueLn 12$9.0M

Assets in detailPt X, end of year

CashLn 1$734K

SavingsLn 2$3.1M

Cash and savings togetherLn 1–2$3.9M

Land, buildings, equipmentLn 10c$241K

Other assetsLn 15$18.9M

Total assetsLn 16$80.3M

LiabilitiesLn 26$82.6M

Net assetsLn 32−$2.3M

OperationsPt I, VI

EmployeesI 53

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$1.9M	$3.9M
Land, buildings, equipmentLn 10c	$135K	$241K
Total assetsLn 16	$82.8M	$80.3M
LiabilitiesLn 26	$83.0M	$82.6M
Net assetsLn 32	−$182K	−$2.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$1.0M	$716K	$290K
Pension plan contributionsLn 8	$10K		$10K
Other employee benefitsLn 9	$189K	$123K	$65K
Payroll taxesLn 10	$69K	$69K
Management feesLn 11a	$524K	$219K	$305K
Legal feesLn 11b	$14K		$14K
Accounting feesLn 11c	$23K		$23K
Other fees for servicesLn 11g	$297K	$3K	$294K
Advertising and promotionLn 12	$6K	$6K
Office expensesLn 13	$153K	$118K	$35K
Information technologyLn 14	$232K	$221K	$10K
OccupancyLn 16	$77K	$77K
TravelLn 17	$65K	$14K	$51K
Conferences, conventions and meetingsLn 19	$2K		$2K
InterestLn 20	$5.2M	$5.2M
Depreciation, depletion and amortizationLn 22	$1.6M	$1.6M
InsuranceLn 23	$319K	$236K	$83K
Other expenses (24a–d)Ln 24	$1.3M	$327K	$940K
Total functional expensesLn 25	$11.0M	$8.9M	$2.1M	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$9.0M	$11.0M	−$2.1M	−$2.3M	990 PDF
FY2023	$3.4M	$3.6M	−$182K	−$182K	990 PDF

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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 FY2024 990 (6 parts)

Part I · Summary $8,952,051 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $3,289,278$7,875,425

I-10 Investment incomePrior year $92,580$1,076,626

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $3,381,858$8,952,051

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 $358,886$1,272,966

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,205,437$9,768,356

I-18 Total expensesPrior year $3,564,323$11,041,322

I-19 Revenue less expensesPrior year −$182,465−$2,089,271

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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 $8,952,051 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,875,425$7,875,425

VIII-3 Investment incomeExcluded from tax $1,047,126$1,047,126

VIII-7 Net gain or loss on sales of assetsRelated to mission $29,500$29,500

VIII-12 Total revenueRelated to mission $7,904,925 · Unrelated business $0 · Excluded from tax $1,047,126$8,952,051

Part IX · Statement of functional expenses $11,041,322 across 18 lines filed

IX-7 Other salaries and wagesPrograms $715,735 · Management $289,582$1,005,317

IX-8 Pension plan contributionsManagement $10,117$10,117

IX-9 Other employee benefitsPrograms $123,410 · Management $65,417$188,827

IX-10 Payroll taxesPrograms $68,705$68,705

IX-11a Management feesPrograms $219,365 · Management $304,819$524,184

IX-11b Legal feesManagement $14,182$14,182

IX-11c Accounting feesManagement $22,557$22,557

IX-11g Other fees for servicesPrograms $3,136 · Management $293,618$296,754

IX-12 Advertising and promotionPrograms $5,521$5,521

IX-13 Office expensesPrograms $117,961 · Management $35,031$152,992

IX-14 Information technologyPrograms $221,428 · Management $10,097$231,525

IX-16 OccupancyPrograms $77,118$77,118

IX-17 TravelPrograms $14,483 · Management $50,695$65,178

IX-19 Conferences, conventions and meetingsManagement $2,399$2,399

IX-20 InterestPrograms $5,175,179$5,175,179

IX-22 Depreciation, depletion and amortizationPrograms $1,615,485$1,615,485

IX-23 InsurancePrograms $235,858 · Management $82,643$318,501

IX-24 Other expenses (24a–d)Programs $326,781 · Management $940,000$1,266,781

IX-25 Total functional expensesPrograms $8,920,165 · Management $2,121,157 · Fundraising $0$11,041,322

Part X · Balance sheet $80,278,471 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $472,370$733,975

X-2 Savings and temporary cash investmentsStart of year $1,476,954$3,121,551

X-4 Accounts receivableStart of year $170,165$646,074

X-9 Prepaid expenses and deferred chargesStart of year $75,157$107,611

X-10c Land, buildings and equipment, netStart of year $134,638$240,843

X-14 Intangible assetsStart of year $55,202,860$56,574,223

X-15 Other assetsStart of year $25,239,548$18,854,194

X-16 Total assetsStart of year $82,771,692$80,278,471

X-17 Accounts payable and accrued expensesStart of year $758,301$1,222,814

X-19 Deferred revenueStart of year $47,010$167,868

X-20 Tax-exempt bond liabilitiesStart of year $81,023,771$81,149,639

X-25 Other liabilitiesStart of year $1,125,075$9,886

X-26 Total liabilitiesStart of year $82,954,157$82,550,207

X-27 Net assets without donor restrictionsStart of year −$182,465−$2,271,736

X-32 Total net assets or fund balancesStart of year −$182,465−$2,271,736

X-33 Total liabilities and net assetsStart of year $82,771,692$80,278,471

Part XI · Reconciliation of net assets −$2,271,736 net assets at year end

XI-1 Total revenue$8,952,051

XI-2 Total expenses$11,041,322

XI-3 Revenue less expenses−$2,089,271

XI-4 Net assets at start of year−$182,465

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$2,271,736

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

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Uakronpark INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV