Spokane Parks Foundation

What it reported doing in 2024

The Spokane Parks Foundation, through our Community Grants Program, provides funding to improve and enhance public parks, as well as create equity and accessibility for all community members. The beneficiaries of our efforts are the citizens of Spokane and Spokane County, as well as visitors to our region. The objectives of our grants are to fund community driven initiatives, park amenities, outdoor events and park programs that enhance our public parks, support physical and recreational activities, and create equity and accessibility for all. (Continued on Schedule O)Grants included support for:- Police Adventure Leagues in Airway Heights, City of Spokane, and City of Spokane Valley, providing fun, safe, educational, and healthy outdoor activities for underserved youth.- City of Cheney Parks and Recreation for new shade structures and benches in the newly built dog park.- City of Spokane Parks and Recreation scholarships for low-income youth to be able to participate in Therapeutic Recreation Services Funshine Day Camp for kids with developmental or physical disabilities and Outdoor Adventure Youth and Teen Day Camp.- High Bridge Disc Golf Course for new disc golf baskets.- Medical Lake Parks and Recreation for their Summer Explorer Camp.- Mt. Spokane Ski and Snowboard Park for their Learn to Ski program.- Northeast Youth Center for park field trips.- Peak 7 Adventures for outdoor adventure scholarships for low-income youth.- Spokane County Parks and Recreation for a halfcourt basketball court in Fish Lake Regional Park.- Spokane Eastside Reunion Association for their Summer Basketball Camp in Underhill Park.- Spokane Pickleball Club to stripe 18 pickleball courts in Comstock Park's tennis courts, to meet the overwhelming community demand for pickleball.- Spokane Valley Parks and Recreation Summer Day and TEEN camp scholarships.- West Central Neighborhood Council to install accessible picnic tables, shelters and mounted grills in AM Cannon Park.- World Relief for their Family Fun Day for refugee and immigrant community members in AM Cannon Park. - Free swim days, free swim events and free swim lessons for underserved youth at 12 aquatics centers throughout Spokane County.

Financial Efficiency

• Mission deployment rate: 86.7%; rating input score 87
• Program expense ratio: 86.3%; rating input score 86
• Fundraising efficiency: $44.37 raised per $1 spent on fundraising; rating input score 76; 76th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 72%; rating input score 72; 32nd percentile among comparable filings
• 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: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: Fail
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 26.2%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 5.82; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 78; 78th percentile among comparable filings
• Officer compensation ratio: 20.5%; rating input score 14; 14th percentile among comparable filings

Growth

• Program expense growth: 7% per year; rating input score 100; 52nd percentile among comparable filings
• Revenue growth: 8% per year; rating input score 100; 59th percentile among comparable filings
• Asset growth: 7.4% per year; rating input score 100; 49th percentile among comparable filings