Prospect Park East River Road Improvement Association
- Assets
- $88.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 09/1985
- Data as of
- 12/2022
- EIN
- 41-1409200
Organization Overview
Prospect Park East River Road Improvement Association is located in Minneapolis, MN. The organization was established in 1985. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Park East River Road Improvement Association 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, Prospect Park East River Road Improvement Association generated $66.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $62.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE MISSION IS TO ENGAGE AND CONNECT NEIGHBORS TO PROMOTE THE HEALTH, SAFETY AND GENERAL WELFARE OF THE COMMUNITY AND IMPROVE THE AESTHETIC, RESIDENTIAL AND PHYSICAL QUALITIES OF THE NEIGHBORHOOD. THE ORGANIZATION SPONSORS COMMUNITY EVENTS SERVING ITS 14,000 RESIDENTS SUCH AS: ANNUAL ICE CREAM SOCIAL, HOME AND GARDEN TOURS, PLANT SALES, AND ENVIRONMENTAL CLEAN-UP. NEIGHBORHOOD PARTNERS INCLUDE BUSINESSES, ARTS AND HUMAN SERVICES NON-PROFITS, LOCAL GOVERNMENTAL AGENCIES AND PUBLIC SCHOOLS. ACTIVITIES ENGAGE 100+ VOLUNTEERS IN EVENTS, BOARD, COMMITTEE AND COMMUNITY SERVICE TOTALING 1000+ SERVICE HOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Amel Board Chair | 3 | $0 | |
Britt Howell Vice Chair | 3 | $0 | |
Susan Larson-Fleming Treasurer | 3 | $0 | |
David Frank Secretary | 3 | $0 | |
Jeff Barnhart Board Member | 3 | $0 | |
Mary Britton Board Member | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $66,465 |
| Total Program Service Revenue | $147 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,612 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,908 |
| Professional fees and other payments to independent contractors | $1,313 |
| Occupancy, rent, utilities, and maintenance | $500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,937 |
| Total expenses | $62,658 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,572 |
| Other assets | $0 |
| Total assets | $88,339 |
| Total liabilities | $26,795 |
| Net assets or fund balances | $61,544 |
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|---|---|---|
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