Overview
What is Prospect Meadows Inc?
Prospect Meadows Inc is a nonprofit organization established in Iowa in 2011, with a mission to construct and provide top-notch outdoor baseball and softball facilities. Their primary aim is to offer local and professional fields for youth development, showcasing potential talents to colleges and professional teams. The organization operates on a 9-field campus, leased from Linn County, Iowa. Prospect Meadows also caters to disabled youth, offering a Miracle Field. In addition, they run an at-risk program for local youth. Funding comes from donations, hosting events, leasing the complex, advertising, and souvenir sales. Construction was completed in 2019, and operations commenced in May of the same year. The organization, with 44 employees, significantly contributes to the local economy through tourism appeals, hosting local programs and national tournaments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Prospect Meadows Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. The charity's overall score is based entirely on its accountability metrics, highlighting its commitment to responsible financial management and transparency. An 82% score signifies that while there is room for improvement, the organization is generally performing well in managing its resources.
One of the strengths of Prospect Meadows Inc is its fully independent board, consisting of 11 members, which contributes to effective governance. The organization scored full points in various accountability areas, including the absence of material asset diversion and high program expense ratio at 92.51%, suggesting that a significant portion of its funding is directed toward its mission rather than administrative costs.
Despite these strengths, the charity's rating does not account for areas outside of financial performance, which may be relevant for potential donors or partners looking for a holistic view of the nonprofit's impact. While the organization demonstrates strong fiscal accountability, additional insights into program effectiveness and community impact could further enhance its reputation and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Prospect Meadows Inc legitimate?
Prospect Meadows Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospect Meadows Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $258,316
For more financial information, click here
What is the mission statement of Prospect Meadows Inc?
Prospect Meadows Inc's mission is to establish appealing, locally available, and professionally managed outdoor baseball and softball facilities and programs. These facilities and programs, spread across nine fields on a single campus, aim to positively impact local youth and contribute to the local economy. The tourism appeal of these facilities will also host both local programs and national tournaments, offering young individuals an opportunity to enhance their athletic and social skills in a fan-friendly environment at Prospect Meadows.
Who is the CEO of Prospect Meadows Inc?
Steve Hammes is the Board Member of Prospect Meadows Inc.
What is the revenue of Prospect Meadows Inc?
Prospect Meadows Inc's revenue in 2022 was $4,061,568.
Who are the executives of Prospect Meadows Inc and what are their salaries?
The average compensation at Prospect Meadows Inc during 2022 was $7,575. There are 44 employees at Prospect Meadows Inc.
Here are 12 key members and their salaries:
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- Compensation: $75,000
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Where can I find the form 990 for Prospect Meadows Inc?
Prospect Meadows Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Prospect Meadows Inc
Prospect Meadows Inc, a notable entity, is dedicated to providing appealing, locally accessible, and professionally managed outdoor baseball and softball facilities and programs. These resources, spread across nine fields on a single campus, are intended to serve as a significant benefit to the local youth and contribute positively to the local economy. The attraction lies not only in the sports-related opportunities but also in the potential draw of national tournaments, which provide young individuals with a chance to enhance their athletic and social skills in a lively atmosphere. Prospect Meadows aims to provide a fan-friendly environment that complements its national tourism appeal, making it a valuable asset to the community.
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Impact
July, 2024
Prospect Meadows Inc's impact lies in providing attractive, local, and professional outdoor baseball and softball facilities and programs through 9 fields on one campus. This organization, based in Marion, Iowa, offers young people in the area and throughout the United States a chance to develop their athletic and social skills in a fan-friendly environment. By showcasing players and facilitating recruitment by colleges and professional teams, Prospect Meadows Inc contributes to the growth and development of aspiring athletes. Additionally, the presence of a Miracle Field for disabled youth demonstrates the organization's commitment to inclusivity and providing opportunities for all individuals. By hosting local programs and national tournaments, Prospect Meadows Inc not only benefits local youth but also boosts the local economy through its appeal to nationwide tourism. Through varied funding sources and engaging activities, Prospect Meadows Inc has become a cornerstone for recreational opportunities in the community.
This information is meant to be a general summary of Prospect Meadows Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,091,240
- Gross Receipts: $4,061,568
Assets and Liabilities:
- Total Assets: $13,904,712
- Total Liabilities: $6,158,360
- Net Assets: $7,746,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$1,091,240
Organization Details
Founding Year
2011
Phone
(319) 213-1775Principal Officer
Steve Hammes
Main Address
1850 PROSPECT DRIVE, MARION, IA, 52302
NTEE Category
Code: N32 - Recreation
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