Nonprofit · EIN 50-0006308
MARION PARK & RECREATION FOUNDATION INC
Tax-exempt · MARION, IA 52302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $216,702 | $635,752 | -$419,050 | $229,606 | $0 | $229,606 |
| December 31, 2024 | 990 | $417,722 | $6,596 | $411,126 | $648,656 | $0 | $648,656 |
| December 31, 2023 | 990 | $218,440 | $3,595 | $214,845 | $237,530 | $0 | $237,530 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $215,828
- Program service revenue
- $0
- Investment income
- $874
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $450
- Program services (functional)
- $635,302
- Management and general (functional)
- $450
Balance sheet and other
- Total assets, start of year
- $648,656
- Total assets, end of year
- $229,606
- Total liabilities, end of year
- $0
- Net assets, end of year
- $229,606
- Net assets without donor restrictions
- $229,606
- Gross receipts
- $216,702
- Employees
- 0
- State of legal domicile
- IA
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 |
|---|---|---|---|
| ARVIND DANDEKAR | SECRETARY Trustee or director, Officer | – | $0 |
| VICTOR KLOPFENSTEIN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| KATIE LOWE LANCASTER | PRESIDENT Trustee or director, Officer | – | $0 |
| SETH STAASHELM | EX OFFICIO Trustee or director | – | $0 |
| TIM HIGGINBOTHAM | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARVIND DANDEKAR | SECRETARY Trustee or director, Officer | – | $0 |
| VICTOR KLOPFENSTEIN | VICE PRESIDE Trustee or director, Officer | – | $0 |
| KATIE LOWE LANCASTER | PRESIDENT Trustee or director, Officer | – | $0 |
| SETH STAASHELM | EX OFFICIO Trustee or director | – | $0 |
| TIM HIGGINBOTHAM | TREASURER Officer | – | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARVIND DANDEKAR | PRESIDENT Trustee or director, Officer | – | $0 |
| GLENN JENSEN | TREASURER Trustee or director, Officer | – | $0 |
| VICTOR KLOPFENSTEIN | SECRETARY Trustee or director, Officer | – | $0 |
| KATIE LOWE LANCASTER | VICE PRESIDE Trustee or director, Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- 4500 N 10TH ST, MARION, IA 52302-9821
- In care of
- % CHARLES KRESS
- Principal officer (990 for 2025)
- KATIE LOWE LANCASTER
- Signed the 990
- TIM HIGGINBOTHAM, TREASURER
- Phone
- (319) 377-4846
- Return prepared by
- JOEL GRANDON ACCOUNTING SERVICES PC
Mission
RAISE FUNDS TO DEVELOP PARKS AND RECREATION FACILITIES WITHIN THE CITY OF MARION IA
Program accomplishments
- COSTS OF CONSTRUCTION FOR BUILDING AND IMPROVEMENTS AT LOWE PARK IN MARION IOWAExpenses $633,943
- SUPPORT COSTS FOR PRIMARY PURPOSEExpenses $1,359
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
- 50-0006308
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N113)
- Assets (IRS master file)
- $229,606
- Income (IRS master file)
- $216,702
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $216,702 | $635,752 | $229,606 | XML |
| 990 | December 2024 | $417,722 | $6,596 | $648,656 | IRS |
| 990 | December 2023 | $218,440 | $3,595 | $237,530 | XML |
| 990 | December 2022 | $4,375 | $7,191 | $22,685 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 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 50-0006308).
Questions about MARION PARK & RECREATION FOUNDATION INC
- What is the EIN of MARION PARK & RECREATION FOUNDATION INC?
- The employer identification number (EIN) of MARION PARK & RECREATION FOUNDATION INC is 50-0006308.
- Is MARION PARK & RECREATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MARION PARK & RECREATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MARION PARK & RECREATION FOUNDATION INC 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 MARION PARK & RECREATION FOUNDATION INC 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 MARION PARK & RECREATION FOUNDATION INC 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 MARION PARK & RECREATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names KATIE LOWE LANCASTER.
- Who are the officers and directors of MARION PARK & RECREATION FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does MARION PARK & RECREATION FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $216,702, expenses of $635,752 and total assets of $229,606 at year end.
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