Nonprofit · EIN 45-4866050
CHICAGO PARKS FOUNDATION
Tax-exempt · CHICAGO, IL 60611
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,305,719 | $6,579,133 | -$3,273,414 | $10,669,991 | $4,020,303 | $6,649,688 |
| December 31, 2024 | 990 | $4,903,229 | $2,598,290 | $2,304,939 | $10,285,168 | $421,566 | $9,863,602 |
| December 31, 2023 | 990 | $4,315,548 | $4,341,039 | -$25,491 | $10,010,253 | $2,454,592 | $7,555,661 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,325,088
- of which government grants
- $100,000
- Program service revenue
- $4,725
- Investment income
- $364,369
- Net income from fundraising events
- $562,623
- Other revenue
- $611,537
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $240,100
- Other salaries and wages
- $321,872
- Salaries, compensation and benefits (total)
- $657,680
- Professional fundraising fees
- $0
- Program services (functional)
- $6,161,010
- Management and general (functional)
- $258,588
- Fundraising (functional)
- $159,535
Balance sheet and other
- Total assets, start of year
- $10,285,168
- Total assets, end of year
- $10,669,991
- Total liabilities, end of year
- $4,020,303
- Net assets, end of year
- $6,649,688
- Publicly traded securities
- $9,723,126
- Net assets without donor restrictions
- $2,782,368
- Net assets with donor restrictions
- $3,867,320
- Gross receipts
- $3,405,832
- Employees
- 8
- Volunteers
- 11
- Year formed
- 2012
- State of legal domicile
- IL
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Willa Lang | Executive Director Key employee, Highest-paid employee | 40 | $240,101 |
| Michael Smith | Board Chair Trustee or director, Officer | 2 | $0 |
| Karen Sheehan | Secretary Trustee or director, Officer | 2 | $0 |
| Bryan Traubert | Board Member Trustee or director | 2 | $0 |
| Matthew Roling | Board Member Trustee or director | 2 | $0 |
| Matthew Jacobson | Board Member Trustee or director | 2 | $0 |
| Sagar Pandya | Board Member Trustee or director | 2 | $0 |
| Katherine Mackenzie | Board Member Trustee or director | 2 | $0 |
| Mark-Hans Richer | Board Member Trustee or director | 2 | $0 |
| Manisha Kaul | Board Member Trustee or director | 2 | $0 |
| Matt McIntee | Board Member Trustee or director | 2 | $0 |
| Khoa Dao | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Willa Lang | Executive Director Key employee, Highest-paid employee | 40 | $257,496 |
| Michael Smith | Board Chair Trustee or director, Officer | 2 | $0 |
| Karen Sheehan | Secretary Trustee or director, Officer | 2 | $0 |
| Bryan Traubert | Board Member Trustee or director | 2 | $0 |
| Matthew Roling | Board Member Trustee or director | 2 | $0 |
| Matthew Jacobson | Board Member Trustee or director | 2 | $0 |
| Sagar Pandya | Board Member Trustee or director | 2 | $0 |
| Katherine Mackenzie | Board Member Trustee or director | 2 | $0 |
| Mark-Hans Richer | Board Member Trustee or director | 2 | $0 |
| Manisha Kaul | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Willa Lang | Executive Director Key employee, Highest-paid employee | 40 | $210,000 |
| Michael Smith | Board Chair Trustee or director, Officer | 2 | $0 |
| Stephen Quazzo | Vice Chair Trustee or director, Officer | 2 | $0 |
| Karen Sheenah | Secretary Trustee or director, Officer | 2 | $0 |
| Bryan Traubert | Board Member Trustee or director | 2 | $0 |
| Matthew Roling | Board Member Trustee or director | 2 | $0 |
| Matthew Jacobson | Board Member Trustee or director | 2 | $0 |
| Mark Mitten | Board Member Trustee or director | 2 | $0 |
| Michael Erwin | Board Member Trustee or director | 2 | $0 |
| Katherine Mackenzie | Board Member Trustee or director | 2 | $0 |
| Mark-Hans Richer | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 541 N FAIRBANKS COURT, CHICAGO, IL 60611-3319
- Mailing address (990-N for 2019)
- 7734 N Eastlake Terrace, Chicago IL 60626
- Principal officer (990 for 2025)
- Willa Lang, PO Box 14147, Chicago, IL 60614
- Principal officer (990-N for 2019)
- Thomas Heineman, 7734 N Eastlake Terrace, Chicago IL 60626
- Signed the 990
- Willa Lang, Executive Director
- Phone
- (312) 742-5105
- Return prepared by
- ICL LLC
Mission
The Chicago Parks Foundation is a separate 501 (c) (3) non-profit organization that also serves as the strategic partner for the coordination of fundraising and charitable resources for the Chicago Park District.
Program accomplishments
- CPD Youth, Sports, Health and Recreation ProgramsExpenses $5,187,617
- Advisory Councils and Fiscal PartnersExpenses $531,220
- Park EnhancementExpenses $295,338
- Community OrganizationExpenses $146,835
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4866050
- 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
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N11)
- Assets (IRS master file)
- $10,285,168
- Income (IRS master file)
- $5,014,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,305,719 | $6,579,133 | $10,669,991 | XML |
| 990 | December 2024 | $4,903,229 | $2,598,290 | $10,285,168 | XML |
| 990 | December 2023 | $4,315,548 | $4,341,039 | $10,010,253 | XML |
| 990 | December 2022 | $4,155,415 | $2,550,807 | $8,109,583 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Thomas Heineman | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | 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 45-4866050).
Questions about CHICAGO PARKS FOUNDATION
- What is the EIN of CHICAGO PARKS FOUNDATION?
- The employer identification number (EIN) of CHICAGO PARKS FOUNDATION is 45-4866050.
- Is CHICAGO PARKS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to CHICAGO PARKS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHICAGO PARKS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHICAGO PARKS FOUNDATION 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 CHICAGO PARKS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CHICAGO PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 names Willa Lang.
- Who are the officers and directors of CHICAGO PARKS FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 12 people; 1 received compensation from the organization, the highest $240,101 (Willa Lang, Executive Director).
- How much revenue does CHICAGO PARKS FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,305,719, expenses of $6,579,133 and total assets of $10,669,991 at year end.
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