Grand Forks Parks And Recreationfoundation
- Assets
- $9.3m
- Revenue
- $737.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Grand Forks, ND
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0625504
Organization Overview
Grand Forks Parks And Recreationfoundation is located in Grand Forks, ND. The organization was established in 2007. 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. Grand Forks Parks And Recreationfoundation 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 12/2021, Grand Forks Parks And Recreationfoundation generated $737.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $934.8k during the year ending 12/2021. While expenses have increased by 4.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Grand Forks Parks And Recreationfoundation has awarded 14 individual grants totaling $7,509,122. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETERANS MEMORIAL PARK IS A PARK TO BE USED FOR VETERANS, THEIR FAMILIES, AND FRIENDS TO CELEBRATE, RECOGNIZE, AND REMEMBER THE LIVES OF THOSE WHO SERVED IN THE UNITED STATES MILITARY. CONSTRUCTION CONTINUED ON THE PARK IN 2021.
KANNOWSKI SKATE PARK IS A SKATE PARK TO BE USED BY ALL AGES. PHASE 2 OF THE PARK WAS STARTED IN 2020.
NORTHERN VALLEY LAW ENFORCEMENT MEMORIAL IS A PARK TO BE USED FOR LAW ENFORCEMENT, THEIR FAMILIES, AND FRIENDS TO CELEBRATE, RECOGNIZE, AND REMEMBER THE LIVED OF LAW ENFORCEMENT. CONSTRUCTION STARTED IN 2021.
GENERAL DONATION FUND EXPENSES AND BOOK/TAX DIFFERENCE FOR ALLOWANCES FOR UNCOLLECTIBLES AND PRESENT VALUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Ladouceur Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Terry Dvorak President | OfficerTrustee | 0.5 | $0 |
Cody Bartholomew Vice President | OfficerTrustee | 0.5 | $0 |
George Hellyer Executive Director | Officer | 0.5 | $0 |
Tim Skarperud Director | Trustee | 0.5 | $0 |
Russ Kraft Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,038 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $455,624 |
| Total Program Service Revenue | $0 |
| Investment income | $70,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,648 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,409 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $914,511 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,081 |
| Office expenses | $1,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $934,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,048 |
| Savings and temporary cash investments | $1,195,950 |
| Pledges and grants receivable | $4,437,110 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,180,000 |
| Total assets | $9,262,108 |
| Accounts payable and accrued expenses | -$453 |
| Grants payable | $0 |
| Deferred revenue | $283,153 |
| Tax-exempt bond liabilities | $3,180,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,551,049 |
| Total liabilities | $7,013,749 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $2,248,359 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,262,108 |
Grants Awarded
Over the last fiscal year, Grand Forks Parks And Recreationfoundation has awarded $892,078 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND FORKS PARK DISTRICT PURPOSE: TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. | $868,936 |
Grand Forks, ND PURPOSE: TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. | $23,142 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Grand Forks Parks And Recreationfoundation has recieved totaling $224,181.
| Awarding Organization | Amount |
|---|---|
Altru Health System Grand Forks, ND PURPOSE: WELLNESS CENTER, HEROES AND LEGENDS, EXPEDITION LEAGUE SPONSOR | $205,500 |
Myra Foundation Grand Forks, ND PURPOSE: NORTHERN VALLEY LAW ENFORCEMENT MEMORIAL | $10,000 |
Community Foundation Of Grand Forks East Grand Forks And Region Grand Forks, ND PURPOSE: TO PROVIDE ASSISTANCE IN PROGRAM'S MISSION. | $7,181 |
Midcontinent Foundation Minneapolis, MN PURPOSE: FUNDS WILL BE USED BY THE GRAND FORKS PARKS AND RECREATION FOUNDATION HELP FUND AN ADDITIONAL 3 BENCHES AND 1 PICNIC TABLE FOR THE WYNNE TENNIS COMPLEX. | $1,500 |
Endowment Analysis
| Beg. Balance | $264,467 |
| Earnings | $28,920 |
| Admin Expense | $9,616 |
| Net Contributions | $100 |
| Ending Balance | $283,871 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Minneapolis Parks Foundation Minneapolis, MN | $3,258,087 | $2,195,197 |
Great Bear Management Inc Sioux Falls, SD | $660,116 | $1,449,001 |
The Jonathan Association Chaska, MN | $1,721,909 | $960,898 |
Montana Institute Of Family Living Great Falls, MT | $1,073,046 | $1,056,475 |
Grand Forks Parks And Recreationfoundation Grand Forks, ND | $9,262,108 | $737,409 |
Superior Hiking Trail Association Two Harbors, MN | $964,345 | $917,726 |
Parks & Trails Council Of Minnesota St Paul, MN | $9,462,515 | $929,913 |
Bottineau Winter Park Inc Bottineau, ND | $4,220,356 | $965,062 |
Bob Marshall Wilderness Foundation Inc Hungry Horse, MT | $747,787 | $622,590 |
Black Hills Parks And Forests Association Hot Springs, SD | $1,297,503 | $1,196,335 |
Canyon Ferry-Broadwater County Trust Sioux Falls, SD | $2,251,557 | $349,299 |
Beresford Parks Recreation And Community Education Inc Beresford, SD | $140,566 | $301,597 |