Des Moines Park & Recreation Foundation
- Assets
- $4.9m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 03/1997
- Data as of
- 12/2023
- EIN
- 42-1390788
Organization Overview
Des Moines Park & Recreation Foundation is located in Des Moines, IA. The organization was established in 1997. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, 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. Des Moines Park & Recreation Foundation 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 12/2023, Des Moines Park & Recreation Foundation generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $272.3k during the year ending 12/2023. While expenses have increased by 13.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, PROTECT, IMPROVE AND PROMOTE THE USE OF DES MOINES PARKS, GREENWAYS AND RECREATIONAL PROGRAMS FOR THE BENEFIT OF ALL NEIGHBORHOODS AND CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DES MOINES PARK & RECREATION ACCOMPLISHED MANY PROJECTS FOR THE BENEFIT OF THE CITIZENS AT GREATER DES MOINES AREA. AMONG THESE PROJECTS, THE MAIN FOCUS IS TO BUILD FACILITIES IN DIFFERENT PARKS AT DES MOINES AREA, ON AN ANNUAL BASIS, CITY OF DES MOINES AND POLK COUNTY PROVIDE GRANTS FOR VARIOUS PROJECTS THAT HAVE A DIRECT IMPACT ON IMPROVING DIFFERENT PARKS' FACILITIES. FOR EXAMPLE, DES MOINES PARK & RECREATION PUT ITS EFFORT TO BULID FOUNTAINS AND BENCHES AT GRAY'S LAKE, BUILD TRAILS AT GRANDVIEW TRAIL AND OFFERING SWIMMING LESSONS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Mccoy President | OfficerTrustee | 3 | $0 |
Dylan Lampe Vice President | OfficerTrustee | 2 | $0 |
Tami Wingert Treasurer | OfficerTrustee | 7 | $0 |
Allison Hay Secretary | OfficerTrustee | 2 | $0 |
Amal Barre Director | Trustee | 2 | $0 |
Andrea Boulton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,413,127 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,913,127 |
| Total Program Service Revenue | $0 |
| Investment income | $91,625 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $50,505 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,055,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $212,708 |
| 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 | $1,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,926 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,173 |
| All other expenses | $0 |
| Total functional expenses | $272,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,864 |
| Savings and temporary cash investments | $4,725,668 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Total assets | $4,948,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $222,926 |
| Net assets with donor restrictions | $4,725,606 |
| 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 | $4,948,532 |
Grants Awarded
Over the last fiscal year, Des Moines Park & Recreation Foundation has awarded $397,038 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF DES MOINES PURPOSE: PARK PROJECTS | $378,378 |
CITY OF DES MOINES PURPOSE: SWIM LESSONS | $18,660 |