Nonprofit · EIN 82-3902668
PARKSMART
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,420,889 | $4,040,416 | $380,473 | $5,717,061 | $540,502 | $5,176,559 |
| December 31, 2023 | 990 | $4,319,963 | $3,946,951 | $373,012 | $5,229,667 | $433,581 | $4,796,086 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,320,457
- Investment income
- $100,432
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $360,888
- Salaries, compensation and benefits (total)
- $476,076
- Professional fundraising fees
- $0
- Legal fees
- $42,193
- Occupancy
- $498,307
- Travel
- $3,802
- Depreciation
- $392,105
- Program services (functional)
- $3,915,827
- Management and general (functional)
- $124,589
Balance sheet and other
- Total assets, start of year
- $5,229,667
- Total assets, end of year
- $5,717,061
- Total liabilities, end of year
- $540,502
- Net assets, end of year
- $5,176,559
- Land, buildings and equipment
- $2,107,852
- Net assets without donor restrictions
- $5,176,559
- Gross receipts
- $4,420,889
- Employees
- 17
- Volunteers
- 5
- Year formed
- 2017
- State of legal domicile
- OH
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS WINSTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $353,200 | $68,619 |
| DAWN WENK | SECRETARY Trustee or director, Officer | 2 | $0 | $189,149 | $50,692 |
| JOE CAPPEL | DIRECTOR Trustee or director | 2 | $0 | $181,310 | $34,380 |
| BRIAN PERZ | DIRECTOR Trustee or director | 2 | $0 | $160,768 | $47,243 |
| KATHLEEN DESPOTH | TREASURER Trustee or director, Officer | 8 | $0 | $155,599 | $29,789 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| THOMAS WINSTON | PRESIDENT Trustee or director, Officer | 2 | $0 | $332,322 | $66,659 |
| DAWN WENK | SECRETARY Trustee or director, Officer | 2 | $0 | $178,485 | $49,437 |
| JOE CAPPEL | DIRECTOR Trustee or director | 2 | $0 | $172,676 | $33,263 |
| BRIAN PERZ | DIRECTOR Trustee or director | 2 | $0 | $151,179 | $46,076 |
| KATHLEEN DESPOTH | TREASURER Trustee or director, Officer | 8 | $0 | $146,303 | $28,662 |
Address and contacts
- Address (IRS master file)
- 227 N SAINT CLAIR ST, TOLEDO, OH 43604-1528
- In care of
- % PAUL L TOTH
- Mailing address (990-N for 2017)
- 227 NORTH SAINT CLAIR ST, Toledo OH 43604
- Principal officer (990 for 2024)
- THOMAS WINSTON, 227 NORTH SAINT CLAIR ST, TOLEDO, OH 43604
- Principal officer (990-N for 2017)
- Kathleen Despoth, 227 NORTH SAINT CLAIR, Toledo OH 43604
- Signed the 990
- KATHLEEN DESPOTH, TREASURER
- Phone
- (419) 242-7515
- Website
- www.parksmart.org
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
TO DEVELOP A PARKING SYSTEM IN DOWNTOWN TOLEDO THAT VIEWS EACH USER AS A VALUED CUSTOMER, AND PROVIDES EXEMPLARY OPERATIONS, MAINTENANCE, MARKETING, CUSTOMER SERVICE AND SAFETY, WITH THE RESULT THAT PARKING BECOMES, IN EVERY RESPECT, AN ASSET AND ADVANTAGE FOR DOWNTOWN TOLEDO.
Program accomplishments
- PARKSMART PROVIDES CONTRACT MANAGEMENT SERVICES FOR PUBLICLY-OWNED PARKING GARAGES, SURFACE LOTS AND METERED STREET PARKING WITHIN PRESCRIBED BOUNDARIES IN DOWNTOWN TOLEDO, OHIO. THE FACILITIES ARE OWNED PARTLY BY THE CITY OF TOLEDO AND PARTLY BY THE TOLEDO-LUCAS COUNTY PORT AUTHORITY.Expenses $3,915,827 · revenue $4,320,457
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 | Not 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
- 82-3902668
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J40)
- Assets (IRS master file)
- $5,717,061
- Income (IRS master file)
- $4,420,889
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,319,963 | $3,946,951 | $5,229,667 | IRS |
| 990 | December 2022 | $4,560,054 | $4,194,356 | $5,076,829 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 Officer: Kathleen Despoth | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PARKSMART
- What is the EIN of PARKSMART?
- The employer identification number (EIN) of PARKSMART is 82-3902668.
- Is PARKSMART tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2018.
- Are donations to PARKSMART tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PARKSMART 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 PARKSMART due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARKSMART last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARKSMART?
- The 990 for the year ended December 31, 2024 names THOMAS WINSTON.
- Who are the officers and directors of PARKSMART?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does PARKSMART have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,420,889, expenses of $4,040,416 and total assets of $5,717,061 at year end.
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