Nonprofit · EIN 41-1409200
PROSPECT PARK ASSOCIATION
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $35,138 | $34,372 | $766 | $75,243 | $19,883 | $55,360 |
| December 31, 2024 | 990-EZ | $39,769 | $39,043 | $726 | $77,506 | $22,912 | $54,594 |
| December 31, 2023 | 990-EZ | $41,097 | $49,423 | -$8,326 | $77,081 | $23,863 | $53,218 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $34,816
- Program service revenue
- $322
- Investment income
- $0
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $7,662
- Professional fees and payments to contractors
- $2,885
- Occupancy
- $625
- Other expenses
- $23,200
- Program services (functional)
- $28,696
Balance sheet and other
- Total assets, start of year
- $77,506
- Total assets, end of year
- $75,243
- Total liabilities, end of year
- $19,883
- Net assets, end of year
- $55,360
- Cash, savings and investments
- $69,273
- Gross receipts
- $35,138
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Amel | Board chair | 3 | $0 |
| Britt Howell | Vice chair | 3 | $0 |
| Lynn Von Korff | Financial Officer | 3 | $0 |
| David Frank | Secretary | 3 | $0 |
| Jeff Barnhart | Board member | 3 | $0 |
| Ian Gorodisher | Board member | 3 | $0 |
| Jule Gorodisher | Board member | 3 | $0 |
| Abraham Kao | Board member | 3 | $0 |
| Jerry Stein | Board member | 3 | $0 |
| Steve Brackett | Board member | 3 | $0 |
| Susan Larson-Fleming | Board member | 3 | $0 |
| Jane Stockman | Board member | 3 | $0 |
| Gabrielle Metzger | Board member | 3 | $0 |
| Artur Herbert | Board member | 3 | $0 |
| William Morris | Board member | 3 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ryan Woldt | Board member | 3 | $0 |
| Stuart Levesque | Board member | 3 | $0 |
| Max Ostenso | Board member | 3 | $0 |
| Donna Schneider | Board member | 3 | $0 |
990-EZ for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Amel | Board chair | 3 | $0 |
| Britt Howell | Vice chair | 3 | $0 |
| Lynn Von Korff | Treasurer | 3 | $0 |
| David Frank | Secretary | 3 | $0 |
| Jeff Barnhart | Board member | 3 | $0 |
| Ian Gorodisher | Board member | 3 | $0 |
| Dan Cross | Board member | 3 | $0 |
| Abraham Kao | Board member | 3 | $0 |
| Jerry Stein | Board member | 3 | $0 |
| Steve Braxkett | Board member | 3 | $0 |
| Susan Larson-Fleming | Board member | 3 | $0 |
| Jane Stockman | Board member | 3 | $0 |
| Gabrielle Metzger | Board member | 3 | $0 |
| Niko Vasilopoulor | Board member | 3 | $0 |
| William Morris | Board member | 3 | $0 |
990-EZ for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Amel | Board chair | 3 | $0 |
| Britt Howell | Vice chair | 3 | $0 |
| Lynn Von Korff | Treasurer | 3 | $0 |
| David Frank | Secretary | 3 | $0 |
| Jeff Barnhart | Board member | 3 | $0 |
| Ian Gorodisher | Board member | 3 | $0 |
| Dan Cross | Board member | 3 | $0 |
| Reed Coffin | Board member | 3 | $0 |
| Abraham Kao | Board member | 3 | $0 |
| Jenna Hoge | Board member | 3 | $0 |
| Amy Kaminsky | Board member | 3 | $0 |
| Jerry Stein | Board member | 3 | $0 |
| Laura Preus | Board member | 3 | $0 |
| Susan Larson-Fleming | Board member | 3 | $0 |
| Jane Stockman | Board member | 3 | $0 |
| Gabrielle Metzger | Board member | 3 | $0 |
| Ben Tuthill | Board member | 3 | $0 |
| William Morris | Board member | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 141095, MINNEAPOLIS, MN 55414-6095
- In care of
- % LYNN VON KORFF
- Signed the 990-EZ
- Lynn Von Korff, Treasurer
- Phone
- (612) 767-6531
- Return prepared by
- Michael S Wilson
Mission
Promote health, safety and welfare of residents within the Prospect Park area of Minneapolis
Program accomplishments
- The mission is to engage and connect neighbors to promote the health, safety and general welfare of the community and improve the aesthetic, residential and physical qualities of the neighborhood. The organization sponsors community events serving its 14,000 residents such as: annual ice cream social, home and garden tours, plant sales, and environmental clean-up. Neighborhood partners include businesses, arts and human services non-profits, local governmental agencies and public schools. Activities engage 100+ volunteers in events, board, committee and community service totaling 1000+ service hours.Expenses $28,696
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 41-1409200
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S21Z)
- Assets (IRS master file)
- $75,243
- Income (IRS master file)
- $35,138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $35,138 | $34,372 | $75,243 | XML |
| 990-EZ | December 2024 | $39,769 | $39,043 | $77,506 | XML |
| 990-EZ | December 2023 | $41,097 | $49,423 | $77,081 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-1409200).
Questions about PROSPECT PARK ASSOCIATION
- What is the EIN of PROSPECT PARK ASSOCIATION?
- The employer identification number (EIN) of PROSPECT PARK ASSOCIATION is 41-1409200.
- Is PROSPECT PARK ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to PROSPECT PARK ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT PARK ASSOCIATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of PROSPECT PARK ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT PARK ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of PROSPECT PARK ASSOCIATION?
- The 990-EZ for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does PROSPECT PARK ASSOCIATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $35,138, expenses of $34,372 and total assets of $75,243 at year end.
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