Sioux City Parks & Recreation Foundation Inc
- Assets
- $4.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4237541
Organization Overview
Sioux City Parks & Recreation Foundation Inc, operating under the name Sioux City Parks And Recreatio, is located in Sioux City, IA. The organization was established in 2015. 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. Sioux City Parks And Recreatio 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, Sioux City Parks And Recreatio generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $251.4k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES EXCLUSIVELY FOR SCIENTIFIC PURPOSES IN ACCORDANCE WITH THE PROVISIONS OF SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OF 1986 OR THE CORRESPONDING PROVOSION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SOLICIT, COLLECT AND PROVIDE FUNDS, AND TO RECEIVE GIFTS AND BEQUESTS FOR MAINTANING AND IMPROVING FACILITIES OF THE PARKS AND RECREATION DEPARTMENT OF THE CITY OF SIOUX CITY, IOWARIVERFRONT 776,303.69GENERAL 11,923.84MEMORIAL BENCH 25,000.00MOUNTAIN BIKE TRAILS 479,055.80PLYWOOD TRAILS 145,000.00BIG SIOUX CROSSING 10,000.00
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Palmersheim President | OfficerTrustee | 5 | $0 |
Chris Boesch Treasurer | OfficerTrustee | 5 | $0 |
Jeremy Crighead Director | Trustee | 5 | $0 |
Jim Braunschweig Director | Trustee | 5 | $0 |
Matt Campbell Director | Trustee | 5 | $0 |
Joseph Riker Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,447,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,447,283 |
| Total Program Service Revenue | $0 |
| Investment income | $2,492 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,449,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $251,371 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $251,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,414,568 |
| Savings and temporary cash investments | $0 |
| 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 | $4,414,568 |
| 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 | $4,414,568 |
| Net assets with donor restrictions | $0 |
| 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 | $4,414,568 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Sioux City Parks & Recreation Foundation Inc has recieved totaling $1,387,001.
| Awarding Organization | Amount |
|---|---|
Roth & Letch Family Charitable Foundation Dakota Dunes, SD PURPOSE: TO SUPPORT THE SIOUX CITY PARKS & RECREATION FOUNDATION, INC.'S RIVERFRONT RE-DEVELOPMENT PROJECT. | $833,000 |
American Endowment Foundation Hudson, OH PURPOSE: DISEASE/DISORDER | $500,001 |
Chesterman Family Foundation Sioux City, IA PURPOSE: TO FURTHER PROGRAMS OF THE ORGANIZATION | $40,000 |
Organization Name not Listed PURPOSE: UNRESTRICTED | | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dubuque Racing Association Ltd Dubuque, IA | $61,524,340 | $44,438,133 |
Young Mens Christian Association Of Greater Waukesha County Inc New Berlin, WI | $45,522,336 | $21,339,242 |
Edward Health And Fitness Center Naperville, IL | $10,693,945 | $6,619,207 |
Washington Area Community Center Inc Washington, IL | $16,748,598 | $3,867,978 |
Detroit Mountain Recreation Area Inc Detroit Lakes, MN | $3,604,000 | $2,203,454 |
New Richmond Area Centre Ltd New Richmond, WI | $2,632,645 | $1,659,233 |
Brown County Ice Management Inc De Pere, WI | $551,946 | $1,678,354 |
Heat Athletics Inc Franklin, WI | $0 | $70,243 |
Hayward Civic Club Inc Hayward, WI | $3,229,551 | $1,328,789 |
Rabble Mill Lincoln, NE | $1,017,790 | $1,541,481 |
South Suburban Special Recreation Association Tinley Park, IL | $2,126,834 | $1,231,235 |
Madison Ice Inc Madison, WI | $3,210,061 | $1,229,246 |