Spokane Parks Foundation
- Assets
- $1.7m
- Revenue
- $913.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Spokane, WA
- Founding
- 07/1953
- Data as of
- 12/2021
- EIN
- 91-6033504
Organization Overview
Spokane Parks Foundation is located in Spokane, WA. The organization was established in 1953. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Spokane Parks Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spokane Parks 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 12/2021, Spokane Parks Foundation generated $913.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $562.5k during the year ending 12/2021. While expenses have increased by 13.4% 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 2014, Spokane Parks Foundation has awarded 29 individual grants totaling $2,072,164. 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
IMPROVES PARKS IN THE GREATER SPOKANE AREA THROUGH DONATIONS THAT FUND GRANTS FOR PARK ACTIVITIES AND COMMUNITY PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS CONSIST OF EXPENDITURES DESIGNED TO CREATE EQUITY, ACCESSIBILITY, PARK IMPROVEMENTS AND ENHANCEMENTS, AND COMMUNITY BUILDING. THE BENEFICIARIES OF OUR EFFORTS ARE THE CITIZENS OF SPOKANE AND SPOKANE COUNTY, AS WELL AS VISITORS TO OUR REGION.THE OBJECTIVE OF OUR GRANT PROGRAM IS TO FUND COMMUNITY DRIVEN INITIATIVES AND PARK DEPARTMENT PROGRAMS THAT ENHANCE PUBLIC PARKS, SUPPORT EDUCATIONAL AND RECREATIONAL ACTIVITIES, AND CREATE EQUITY AND ACCESSIBILITY. GRANTS MADE DURING 2021 HELPED FUND THE DEVELOPMENT OF RIVERFRONT PARK AND PARK PROGRAMS, PROFESSIONAL HORSE TRAINING FOR C.O.P.S. MOUNTED PATROL, AUDUBON PARK IMPROVEMENTS, AND OUTREACH PROGRAMS THAT HELP BUILD TRUSTING RELATIONSHIPS BETWEEN AT-RISK YOUTH AND LOCAL LAW ENFORCEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri Fortner Executive Director | Officer | 40 | $75,000 |
Amy Lutz President | OfficerTrustee | 5 | $0 |
Craig Anderson Secretary | OfficerTrustee | 5 | $0 |
Marta Tosic Defenbach Treasurer | OfficerTrustee | 5 | $0 |
Barbara Richey Park Board Liason | Trustee | 5 | $0 |
Mel Fowler Park Liason | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,750 |
| Noncash contributions included in lines 1a–1f | $5,946 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $769,291 |
| Total Program Service Revenue | $51,087 |
| Investment income | $24,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,110 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $913,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $345,021 |
| 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. | $75,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,532 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,420 |
| Fees for services: Other | $4,335 |
| Advertising and promotion | $11,110 |
| Office expenses | $42,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $492 |
| Travel | $3,445 |
| 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 | $1,915 |
| All other expenses | $6,780 |
| Total functional expenses | $562,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $364,211 |
| 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 | $1,297,516 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,661,727 |
| Accounts payable and accrued expenses | $3,936 |
| 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 | $3,936 |
| Net assets without donor restrictions | $794,880 |
| Net assets with donor restrictions | $862,911 |
| 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 | $1,661,727 |
Grants Awarded
Over the last fiscal year, Spokane Parks Foundation has awarded $341,321 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF SPOKANE PURPOSE: RIVERFRONT PARK DEVELOPMENT | $312,321 |
Spokane, WA PURPOSE: PROFESSIONAL HORSE TRAINING | $8,000 |
Mead, WA PURPOSE: AUDUBON PARK IMPROVEMENTS | $6,000 |
CITY OF SPOKANE PURPOSE: PARKS PROGRAM | $5,000 |
Spokane, WA PURPOSE: PARKS PROGRAM | $5,000 |
Spokane, WA PURPOSE: 2021 GRANT AWARD | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Spokane Parks Foundation has recieved totaling $10,845.
| Awarding Organization | Amount |
|---|---|
Credit Unions In The State Of Washington Spokane, WA PURPOSE: TO IMPROVE PARKS IN THE GREATER SPOKANE AREA | $10,845 |
Endowment Analysis
| Beg. Balance | $771,208 |
| Earnings | $188,913 |
| Admin Expense | $4,420 |
| Net Contributions | $644,218 |
| Other Expense | $415,368 |
| Ending Balance | $1,184,551 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Twin Falls Canal Company Twin Falls, ID | $15,506,404 | $6,312,715 |
Oaks Park Association Portland, OR | $15,243,848 | $2,154,099 |
Aberdeen-Springfield Canal Co Aberdeen, ID | $4,973,666 | $3,199,383 |
Big Wood Canal Company Shoshone, ID | $14,862,261 | $3,464,114 |
Washingtons National Park Fund Seattle, WA | $3,011,773 | $2,578,646 |
Discover Your Northwest Seattle, WA | $2,832,800 | $3,399,427 |
Hat Butte Mutual Canal Company Nampa, ID | $519,153 | $1,258,792 |
Boys & Girls Club Of The Umpqua Valley Roseburg, OR | $4,819,111 | $1,858,339 |
Happy Canyon Company Inc Pendleton, OR | $1,239,056 | $1,841,169 |
Denali Education Center Denali Park, AK | $3,977,416 | $678,642 |
Salmon River Canal Company Ltd Twin Falls, ID | $1,901,770 | $954,732 |
Trail Mix Inc Juneau, AK | $1,972,045 | $1,896,110 |