Friends of Loring Park Inc
Nonprofit profile at a glance
- EIN
- 411902275
- IRS 990-EZ coverage
- 2025–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2024
- Location
- Minneapolis, MN, USA
- Phone
- 6125545176
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $80,609
- Expenses
- $40,119
- Assets
- $216,352
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Mark Scally (President)
- Erik Peterson (Vice President)
People named in this filing
- Jerry Amundson (Member at Large)
- Pat Davies (Member at Large)
- Nicholas Deacon (Member at Large)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Friends of Loring Park, in collaboration with the Minneapolis Park & Recreation Board works to provide the public a beautiful socially and environmentally sound Loring Park.
What it reported doing in 2025
Hosted the Loring Park Art Festival in which 100,000 visitors attended. Consistently ranked among the nation's top art festivals by Sunshine Artist magazine, the event features 150+ juried visual artists selling their original work. Visitors can enjoy strolling musicians, live music on the Westminster Stage, special performances on the Neighborhood Stage, hands-on activities for families, a Culinary Arts Market, and a wide selection of food and beverages.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 100
- Sustainability: 82
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.8%; rating input score 31
- Program expense ratio: 61.9%; rating input score 62
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 50.2%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 5.39; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 30.8% of revenue deployed · 61.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $25K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.