Prospect Park East River Road Improvement Association
Nonprofit profile at a glance
- EIN
- 411409200
- IRS 990-EZ coverage
- 2015–2025
- Forms available
- Form 990-EZ 2025
- Location
- Minneapolis, MN, USA
- Phone
- 6127676531
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Coalitions
Reported finances
- Revenue
- $35,138
- Expenses
- $34,372
- Assets
- $75,243
- Liabilities
- $19,883
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
People named in this filing
- Eric Amel (Board chair)
- Britt Howell (Vice chair)
- Lynn Von Korff (Financial Officer)
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
Promote health, safety and welfare of residents within the Prospect Park area of Minneapolis
What it reported doing in 2025
The mission is to engage and connect neighbors to promote the health, safety and general welfare of the community and improve the aesthetic, residential and physical qualities of the neighborhood. The organization sponsors community events serving its 14,000 residents such as: annual ice cream social, home and garden tours, plant sales, and environmental clean-up. Neighborhood partners include businesses, arts and human services non-profits, local governmental agencies and public schools. Activities engage 100+ volunteers in events, board, committee and community service totaling 1000+ service hours.
Operating model
- Revenue model
- Donor-supported. 99% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 100
- Sustainability: 50
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.7%; rating input score 82
- Program expense ratio: 83.5%; rating input score 83
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: 2.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 2.19; rating input score 68; 68th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -13.1% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -11.8% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 44th percentile among comparable filings
Details
- Where the money goes: 81.7% of revenue deployed · 83.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $29K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 11 filing years from 2015 to 2025
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.