Operating record

Minneapolis Parks Foundation

Minneapolis, MN · EIN 20-0715686 · files full Form 990 · latest public year 2023

YearMoney inMoney outResultReserve mo.Staffing
2020$2,799,724$7,270,387−$4,470,6633.18%
2021$2,195,197$1,469,918$725,27921.540%
2022$1,216,778$1,518,255−$301,47720.541%
2023$12,805,116$1,746,389$11,058,72725.939%

In its most recent public year (2023), this organization brought in $11,058,727 more than it spent. Its reserves stood at about 25.9 months of spending, up from 3.1 in 2020. Staff pay was 39% of spending. $1,361,941 of its net assets are donor-restricted.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings ↗