Prospect Meadows Inc

Nonprofit profile at a glance

EIN
451186453
IRS 990 coverage
2016–2025
Forms available
Form 990 2025
Location
Marion, IA, USA
Phone
3192131775
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Parks and Playgrounds

Reported finances

Revenue
$2,323,191
Expenses
$2,315,657
Assets
$10,883,867
Liabilities
$4,552,270

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JACK ROEDER (PRESIDENT)

Highest reported compensation

  • JACK ROEDER (PRESIDENT): $78,015 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide attractive, local and profressional outdoor baseball and softball facilities and programs thorugh 9 fields on one campus. These facilities and programs will be of significant benefit to local and youth and the local economy in its nationwide tourism appeal. Local programs and national tournaments will both allow young people the opportunity to develop their athletic and social skills in a fan friendly environment at prospect meadows.

What it reported doing in 2025

The organization was formed in the state of Iowa in 2011, as a nonprofit corporation, to raise capital and construct a professional outdoor baseball/softball complex on land leased from linn county, Iowa. This facility allows young people in the area and throughout the united states to develop athletic and social skills in a fan friendly environment. It also provides an avenue for players to be showcased and recruited by colleges and professional teams. One field is a miracle field for disabled youth. The organization will also have an at-risk program for local youths. Construction has been completed and the organization began operations in may 2019. The organization is funded through donations, hosting baseball and softball events, leasing out the complex, advertising, concessions and souvenir sales.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - 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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 88.2%; rating input score 88
  • Fundraising efficiency: $7.31 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: 0.3%; rating input score 28; 28th percentile among comparable filings
  • Total-asset coverage ratio: 4.7; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 88.2% of spending went to programs
  • Governance: 8 of 8 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $78K · 9 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 7 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • High — Sustainability: Operating margin scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.