Gold Medal Park Conservancy
- Assets
- $5.4m
- Revenue
- $1.7m
- Investments
- $3.2m
- Employees
- 0
- Location
- Wayzata, MN
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-5016461
Organization Overview
Gold Medal Park Conservancy is located in Wayzata, MN. The organization was established in 2006. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gold Medal Park Conservancy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Gold Medal Park Conservancy generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.1% each year . All expenses for the organization totaled $233.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO LEASING, DEVLOPING, AND MAINTAINING LAND ON THE DOWNTOWN MINNEAPOLIS RIVERFRONT IN ORDER TO CREATE A PARK FOR THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William W Mcguire President | 2 | $0 | |
Nadine M Mcguire Treasurer | 0 | $0 | |
Paul Reyelts Vice Preside | 0 | $0 | |
Wendy Nelson Director | 0 | $0 | |
Judson Kim Bemis Director | 0 | $0 | |
Mark Wilson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,043,402 |
| Interest on Savings | $326 |
| Dividends & Interest | $3,378 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $617,291 |
| Capital Gain Net Income | $617,291 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,664,397 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,655 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220,428 |
| Total operating and administrative expenses | $233,040 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $233,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,162 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,108,146 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,370,315 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |