Park Development Foundation in Minneapolis, Minnesota (MN)

Organization representatives - add corrected or new information about Park Development Foundation »

Non-representatives - add comments about Park Development Foundation»

Park Development Foundation
Employer Identification Number (EIN)205016461
Name of OrganizationPark Development Foundation
In Care of NameDean D Barr
AddressC/O Dean D Barr 50 S Sixth St No, Minneapolis, MN 55402
SubsectionCharitable Organization
Ruling Date10/2006
DeductibilityContributions are deductible
FoundationPrivate operating foundation (other)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$9,809
Amount of Income$207,282
Form 990 Revenue Amount$170,006
National Taxonomy of Exempt Entities (NTEE)Recreation, Sports, Leisure, Athletics: Parks and Playgrounds


Non-representatives - add comments:


CAPTCHA

Your IP address 3.80.38.5 will be logged.

Amount of income in 2013: $207,282 (it was $195,002 in 2012)
Park Development Foundation: 

 $207,282
Other organizations performing similar types of work: 

 $51,455

Assets in 2013: $9,809 (it was $11,158 in 2012)
This organization: 

 $9,809
Other organizations performing similar types of work: 

 $65,000

Expenses in 2013: $208,631
Park Development Foundation: 

 $208,631
Other organizations performing similar types of work: 

 $34,783

Income to expenses ratio in 2013: 1.0
Park Development Foundation: 

 1.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 99.2%

Financial snapshot ($)

Revenue for 2013

Expenses for 2013

Analysis of Revenue and Expenses (for 2013)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$207,282$2$2
Contributions, gifts, grants, etc., received$207,280
Interest on savings and temporary cash investments$2
Dividends and interest from securities$0
Gross rents$0
Gross sales price for all assets$0
Gross profit from sales of goods$0
Other income$0
Total expenses and disbursements$208,631$0$0$189,730
Compensation of officers, directors, trustees, etc.$0
Pension plans, employee benefits$0
Legal fees$17,571
Accounting fees$4,412
Interest$0
Depreciation$0
Occupancy$0
Travel, conferences, and meetings$0
Printing and publications$0
Total operating and administrative expenses$208,631$0$189,730
Contributions, gifts, grants paid$0
Excess of revenue over expenses and disbursements$-1,349
Net investment income$2
Adjusted net income$2
Balance Sheets
201120122013
Book ValueFair Market ValueBook ValueFair Market ValueBook ValueFair Market Value
Total assets$12,723$12,723$11,158$11,158$9,809$9,809
Cash - non-interest-bearing$0$0$0
Investments-U.S. and state government obligations$0$0$0
Investments-corporate stock$0$0$0
Investments-corporate bonds$0$0$0
Investments-mortgage loans$0$0$0
Investments-other$0$0$0
Other assets$0$0
Total liabilities$1$1$1
Mortgages and other notes payable$0$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$12,723$11,158$9,809
Capital Gains and Losses for Tax on Investment Income
201120122013
Capital gain net income$0$0$0
Net capital loss$0$0$0
Excise Tax Based on Investment Income
201120122013
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)NoNoNo
Tax based on investment income$0$0$0
Total credits and payments$504$504$504
Current year estimated tax payments and previous year's overpayment credited to current year$504$504$504
Exempt foreign organizations-tax withheld at source$0$0$0
Tax paid with application for extension of time to file (Form 8868)$0$0$0
Backup withholding erroneously withheld$0$0$0
Any penalty for underpayment of estimated tax$0$0$0
Tax due$0$0
Overpayment$504$504
Amount to be credited to next year's estimated tax$504$504$504
Statements Regarding Activities
201120122013
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?NoNoNo
Has the foundation engaged in any activities that have not previously been reported to the IRS?NoNo
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?NoNo
Has the foundation filed a tax return on Form 990-T for this year?NoNo
Was there a liquidation, termination, dissolution, or substantial contraction during the year?NoNoNo
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?YesYes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?YesYesYes
Did any persons become substantial contributors during the tax year?NoYes
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?NoNo
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?YesYes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041NoNo
Statements Regarding Activities for Which Form 4720 May Be Required
201120122013
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?NoNoNo
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?NoNoNo
Furnish goods, services, or facilities to (or accept them from) a disqualified person?NoNoNo
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?NoNoNo
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?NoNoNo
Agree to pay money or property to a government official?NoNoNo
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?NoNo
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?NoNo
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?NoNoNo
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?NoNo
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?NoNoNo
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?NoNoNo
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?NoNoNo
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?NoNo
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?NoNoNo
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?NoNoNo
Provide a grant to an individual for travel, study, or other similar purposes?NoNoNo
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?NoNoNo
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?NoNoNo
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?NoNo
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNo
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNo
Minimum Investment Return
201120122013
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$21,833$26,906$18,967
Net value of noncharitable-use assets$26,502$18,682
Minimum investment return$1,075$1,325$934
Distributable Amount
201120122013
Distributable amount$0$0$0
Undistributed Income
201120122013
Distributable amount for this year$0$0$0
Undistributed income for this year. This amount must be distributed in the next year$0$0$0
Private Operating Foundations (for 2010 - 2013)
2013201220112010Total
The lesser of the adjusted net income or the minimum investment return$2$2$6$7$17
Qualifying distributions made directly for active conduct of exempt activities$189,730$174,230$177,568$167,820$709,348
Value of all assets$1$0$0$0$1
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$623$883$717$765$2,988
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Supplementary Information (for 2013)
Grants approved for future payment$0
Analysis of Income-Producing Activities (for 2013)
AmountRelated or exempt function income
Program service revenue
Fees and contracts from government agencies$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$2$0
Dividends and interest from securities$0$0
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
CashNo
Other assetsNo
Other transactions:
Sales of assets to a noncharitable exempt organizationNo
Purchases of assets from a noncharitable exempt organizationNo
Rental of facilities, equipment, or other assetsNo
Reimbursement arrangementsNo
Loans or loan guaranteesNo
Performance of services or membership or fundraising solicitationsNo
Sharing of facilities, equipment, mailing lists, other assets, or paid employeesNo
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Park Development Foundation to others? (optional)
  
Add photo of Park Development Foundation (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Recently Added Reviews
Christian Actioin League Of Minnesota in Minneapolis, MN
*
Hope Lutheran Church in Minneapolis, MN
*****
North Suburban Scholarship Booster Club in Minneapolis, MN
*
Beacon Ministries in Minneapolis, MN
Community Involvement Programs in Minneapolis, MN
**
Holy Trinity Church & Ministry in Minneapolis, MN
****•
Riverside Cemetery Association in Breckenridge, MN
Cuyuna Range Housing Inc in Ironton, MN
Pets Abandoned Wanting Support in Motley, MN
*****
Urban Agriculture International Program Inc in St Paul, MN
*
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Shelby Farms Park Conservancy500 N Pine Lake Dr, Memphis, TN 38134-7970TN2008-07$6,073,587
2Woodall Rodgers Park Foundation1909 Woodall Rodgers Fwy, Dallas, TX 75201-2232TX2006-01$1,995,595
3Pinecone Central Park Association708 8th St N, Sartell, MN 56377-1500MN2011-01$301,278
4Northwoods Trail Reapers Snowmobile Club30389 County Highway 35, Ponsford, MN 56575-9247MN2012-04$131,444
5Vermilion Penquin Snowmobile Club1744 Everett Bay Rd, Tower, MN 55790-8154MN2009-01$38,876
6Rapids Riders Atv Club IncPO BOX 5200, Grand Rapids, MN 55744-1200MN2014-07$26,603
7Paynesville Baseball Club Inc29153 Koronis Dr, Paynesville, MN 56362-9318MN2011-08$20,482
8Teddy Bear Park Foundation120 Wilkins St W, Stillwater, MN 55082-4054MN2005-09$7,502
9Regional Parks Foundation Of The Twin Cities200 Charles Street Ne, Fridley, MN 55432MN2009-03$6,856
10Stacy Ann Vanderlinde Memorial Foundation2940 Oak Lake Cir, Watertown, MN 55388-9224MN2001-03$150
11Blazing Star Trail Inc111 4th Avenue North, Albert Lea, MN 56007MN2000-04$0
12Bluff Country Hiking Club31924 Ninebark Road, Chatfield, MN 55923MN2011-06$0
13Border Route Trail Association Inc5904 Lee Valley Rd, Edina, MN 55439MN2006-12$0
14Braham Area Committee For KidsPO BOX 315, Braham, MN 55006MN2004-05$0
15Cedar-Isles-Dean Neighborhood AssociationPo Box 16270, Minneapolis, MN 55416MN1998-12$0
16Coalition Of Recreational Trail Users8051 W 195th St, Jordan, MN 55352-9526MN2011-09$0
17Dan Butkowski Memorial Fnd35125 95th Ave, St Joseph, MN 56374-9783MN2007-01$0
18Duluth Area Trails Alliance1935 W Kent Rd, Duluth, MN 55812MN2007-09$0
19Elk River Bike Park & Bmx Inc15383 County Road 30, Elk River, MN 55330-7654MN2000-02$0
20Faribault Pool Partners IncPO BOX 122, Faribault, MN 55021-0122MN1995-12$0
Number of organizations performing similar types of work
Alaska16
Alabama52
Arkansas18
Arizona21
California219
Colorado49
Connecticut32
District of Columbia16
Delaware9
Florida72
Georgia74
Hawaii17
Iowa57
Idaho16
Illinois80
Indiana71
Kansas26
Kentucky46
Louisiana27
Massachusetts82
Maryland45
Maine24
Michigan98
Minnesota56
Missouri52
Mississippi14
Montana36
North Carolina76
North Dakota6
Nebraska12
New Hampshire41
New Jersey53
New Mexico19
Nevada14
New York180
Ohio108
Oklahoma20
Oregon62
Pennsylvania131
Rhode Island8
South Carolina35
South Dakota10
Tennessee69
Texas142
Utah21
Virginia57
Vermont17
Washington78
Wisconsin89
West Virginia26
Wyoming17
International3
Total2,619

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Park Development Foundation and has no official or unofficial affiliation with Park Development Foundation