Northpark Association Inc

Nonprofit profile at a glance

EIN
208747219
IRS 990 coverage
2017–2022
Forms available
Form 990 2022
Location
Ofallon, MO, USA
Phone
6365619300
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$372,213
Expenses
$278,049
Assets
$946,637
Liabilities
$84,856

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • LAWRENCE R CHAPMAN (PRESIDENT)
  • CHRISTOPHER P MCKEE (VICE PRESIDENT)

People named in this filing

  • LAWRENCE R CHAPMAN (PRESIDENT)
  • GLENN G MITCHELL (SECRETARY)
  • CHRISTOPHER P MCKEE (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To maintain a 550 acre premier business park, which will host over five million square feet of dramatic buildings designed to complement the surrounding environment and create over 6,600 permanent jobs.

What it reported doing in 2022

Northpark is the only urban redevelopment project in the country located between the intersection of two major highways, an international airport and a renowned university. Nestled within the boundaries of the development is a city park complete with a fishing pond, picnic area, playground and walking path. Hotels, restaurants, banks, hospitals, regional malls, specialty shops, sports and recreational activities, entertainment venues, daycare services, and other amenities are only minutes away. Future suburban amenities within northpark will include retail stores, restaurants and cultural activities and experiences for the community, as well as green space and walking trails created by the great rivers greenway. Northpark maintains this 550 acre premier business park which will host over five million square feet of dramatic buildings designed to complement the surrounding environment. Northpark currently includes 3,200,000 square feet of development with 11 businesses populating the site. Over 6,600 permanent jobs were created to date and northpark partners have invested over $525 million dollars to date.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.3%; rating input score 74
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 25.3%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 3.4; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 0% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 14.2% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 74.3% of revenue deployed · 99.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $276K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 1 contractor listed · $143K reported
  • Consistency: 14 of 14 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2017 to 2022
  • Contacts: How to reach this organization
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.