2025-05-07T10:51:51-05:00 2024-12-31 450310328 BRADY MARTZ & ASSOCIATES PC PO BOX 14296 GRAND FORKS ND 582084296 990 2024-01-01 260625504 GRAND FORKS PARKS AND RECREATION FOUNDATION GRAN 7017462750 PO BOX 12429 GRAND FORKS ND 582082429 RUSS KRAFT PRESIDENT 7017462750 2025-04-29 1 0 AMANDA SCANSON P01226247 7017754685 2025-04-28 2024 2025-03-06 01:10:19Z RUSS KRAFT PO BOX 12429 GRAND FORKS ND 582082429 1402866 0 X WWW.GFPARKSFOUNDATION.ORG X 2007 ND TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION. 5 5 0 10 0 0 1650411 950429 0 0 91649 84778 106068 275795 1848128 1311002 961636 1491617 0 0 0 0 0 0 0 97240 17274 1058876 1508891 789252 -197889 8165040 7237013 5602501 5122086 2562539 2114927 X TO CONTRIBUTE TO AND PROMOTE HEALTHFUL LIFESTYLES IN OUR COMMUNITY THROUGH THE DEVELOPMENT AND ENHANCEMENT OF PARKS, PLAYGROUNDS, RECREATIONAL FACILITIES, AND PROGRAMS AND ACTIVITIES FOR ALL PEOPLE OF GRAND FORKS, REGARDLESS OF AGE, PHYSICAL ABILITY OR ECONOMIC POSITION. 0 0 131500 131500 KRAFT FIELD IS A BASEBALL FIELD THAT IS BEING RENOVATED WITH A NEW GRANDSTAND, PLAYERS AREA, RESTROOMS, AND CONCESSION STAND. CONSTRUCTION STARTED IN 2023 AND WILL BE COMPLETED IN 2024. 512174 512174 EAGLES ARENA IS AN ICE ARENA USED BY ALL AGES FOR PUBLIC SKATING, HOCKEY, AND FIGURE SKATING EVENTS AND IS BEING RENOVATED. 106877 106877 PAUKERT TENNIS COMPLEX HAS FOUR COURTS THAT HAD NEW COURT SURFACING ALONG WITH NEW SHELTERS, BLEACHERS, AND DRINKING FOUNTAIN. 742872 741066 GENERAL DONATION FUND EXPENSES AND BOOK/TAX DIFFERENCE FOR ALLOWANCES FOR UNCOLLECTIBLES AND PRESENT VALUE 742872 741066 1493423 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 MN X JEFF LANCASTER 7017462750 1060 47TH AVE SOUTH GRAND FORKS ND 58201 GREG LADOUCEUR DIRECTOR 0.50 X 0 4200 0 JORDAN MCINTYRE SECRETARY/TREASURER 0.50 X X 0 4200 0 CODY BARTHOLOMEW VICE PRESIDENT 0.50 X X 0 4200 0 RUSS KRAFT PRESIDENT 0.50 X X 0 4200 0 TIM SKARPERUD DIRECTOR 0.50 X 0 4200 0 GEORGE HELLYER EXECUTIVE DIRECTOR 0.50 40.00 X 0 137011 18198 0 158011 18198 0 0 1 0 0 16330 934099 950429 84778 84778 117936 91864 26072 26072 26072 0 16330 0 0 CHANGE IN ALLOWANCE 900099 249723 249723 249723 1311002 275795 0 84778 1491617 1491617 2500 2500 4020 4020 674 674 MISCELLANEOUS 7338 1806 5532 ADMIN EXP-ENDOWMENT FUN 1650 1650 BANK CHARGES 1092 1092 1508891 1493423 15468 0 156471 110132 959004 994201 4679565 3962680 2370000 2170000 8165040 7237013 2139 84 74554 2370000 2170000 3155808 2952002 5602501 5122086 X 2562539 2114927 2562539 2114927 8165040 7237013 X -197889 -249723 X X 0 1 X 0 0 X 678873 455624 875922 1650411 950429 4611259 678873 455624 875922 1650411 950429 4611259 4611259 96490 70291 91649 84778 343208 4954467 663305 0.93070 0.91920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 258206 23598 14634 267170 238938 33354 14086 258206 283871 7500 -42465 9968 238938 264467 100 28920 9616 283871 236094 32247 3874 264467 0.00000 0.79226 0.20774 0 0 0 CONTRACT RECEIVABLE 2170000 2170000 PLEDGES PAYABLE 245585 ACCRUED INTEREST PAYABLE 21794 UNAMORTIZED BOND ISSUANCE COSTS 60618 DUE TO OTHER FUNDS 2624005 2952002 X PART V, LINE 4: THE PLANNED USE OF ENDOWMENT FUNDS IS FOR YOUTH SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE FOUNDATION HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. GIVING HEARTS DAY 16330 16330 16330 16330 1 GRAND FORKS PARK DISTRICT PO BOX 12429 GRAND FORKS ND 58208 456002084 N/A 932419 0 TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. ALTRU FAMILY YMCA 215 NORTH 7TH STREET GRAND FORKS ND 58203 450226434 501(C)(3) 24320 0 TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. CITY OF GRAND FORKS 255 NORTH 4TH ST GRAND FORKS ND 58201 456002085 N/A 500000 0 TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. 2 1 PART I, LINE 2: THE USE OF ASSISTANCE TO OTHER ORGANIZATIONS IS MONITORED THROUGH USE OF AGREEMENTS AS TO THE PURPOSE OF THE FUNDS PROVIDED. THE FOUNDATION IS ALSO VERY INVOLVED WITH THE ORGANIZATIONS TO WHICH ASSISTANCE IS PROVIDED AND MONITORS THE PROJECTS AND PROGRAMS OF THESE ORGANIZATIONS. THE FOUNDATION'S ACCOUNTING STAFF AND A NUMBER OF BOARD MEMBERS ARE THE SAME AS THE GRAND FORKS PARK DISTRICT'S ACCOUNTING STAFF AND BOARD. 0 0 0 0 0 0 0 0 0 GEORGE HELLYER EXECUTIVE DIRECTOR 0 137011 0 0 0 0 0 9933 0 8265 0 155209 0 0 FORM 990, SCHEDULE J, LINE 3: GRAND FORKS PARK DISTRICT, A RELATED ORGANIZATION OF THE FOUNDATION, PERFORMED A COMPENSATION STUDY IN 2023. THEY USED THIS TO ALIGN ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, WITH THE STUDY RECOMMENDATIONS. A GRAND FORKS PARKS AND RECREATION FOUNDATION 260625504 385473AN3 2013-12-12 6845000 TO PROVIDE PERMANENT FINANCING FOR IMPROVEMENTS AT THE PARK DISTRICT 0 0 0 A 4675000 6982400 159428 6822972 2013 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 SCHEDULE K SUPPLENTAL INFORMATION THE FOUNDATION WILL LEASE THE ICE ARENA TO THE PARK DISTRICT PURSUANT TO A LEASE AGREEMENT BETWEEN THE FOUNDATION AND THE PARK DISTRICT DATED AS OF DECEMBER 12, 2013. THE DEBT SERVICE ON THE BONDS WILL BE PAID BY THE FOUNDATION FROM THE RENTAL PAYMENTS RECEIVED FROM THE PARK DISTRICT PURSUANT TO THE LEASE. ALL PROCEEDS OF ASSETS OF ANY FORM ACQUIRED OR COLLECTED PURSUANT TO THE LEASE SHALL BE HELD IN A SEPARATE TRUST AS SECURITY FOR, AND THE SOURCE OF PAYMENT OF, THE BONDS. THE BONDS AND THE INTEREST THEREON SHALL BE A FIRST AND PRIOR CHARGE UPON THE RESOURCES OF THE FOUNDATION, INCLUDING BUT NOT LIMITED TO, THE PROCEEDS AND ASSETS FROM THE LEASE. SCHEDULE K, SUPPLEMENTAL INFORMATION THE TOTAL PROCEEDS OF THE BOND ISSUE (2013) WERE $6,982,400 AS SHOWN IN SCHEDULE K, PART II, LINE 3. THIS TOTAL IS COMPRISED OF THE ISSUE PRICE OF $6,845,000 AS SHOWN ON SCHEDULE K, PART I, COLUMN (E) AND $137,400 OF REOFFERING PREMIUM. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE BOARD BEFORE IT IS FILED. THE ADMINISTRATOR ALSO RECEIVES A COPY OF THE FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS HAVE BEEN APPROVED BY THE GRAND FORKS PARK & RECREATION FOUNDATION BOARD MEMBERS. GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. ALL FINANCIAL STATEMENTS ARE PUBLIC RECORD THROUGH THE GRAND FORKS PARK DISTRICT AS LONG AS THE PUBLIC ISN'T REQUESTING KNOWLEDGE ON DONATIONS MADE BY INDIVIDUALS, CORPORATIONS, ETC., THAT WOULD PREFER THEIR DONATION TO BE KEPT PRIVATE. FORM 990, PART XI, LINE 9: BOOK/TAX DIFFERENCE FOR ALLOWANCES FOR UNCOLLECTIBLES AND PRESENT VALUE -249,723. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT IS PERFORMED BY THE GRAND FORKS PARK DISTRICT. THIS ORGANIZATION'S AUDIT IS PERFORMED ON BOTH A SEPARATE AND CONSOLIDATED BASIS WITH THE PARK DISTRICT'S. GRAND FORKS PARK DISTRICT 1060 47TH AVE SOUTH GRAND FORKS ND 58201 456002084 TO PROMOTE BROAD-BASED OPPORTUNITIES FOR ALL AGES AND ABILITIES. ND N/A N/A N/A 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 GRAND FORKS PARK DISTRICT J 293426 BOND DEBT SERVICE GRAND FORKS PARK DISTRICT R 932419 CASH TRANSFERRED