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Prospect Meadows Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 451186453 ✦ Marion, IA ✦ Designated as a 501(c)(3)

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.


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.

Here 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?
Who is the CEO of Prospect Meadows Inc?
What is the revenue of Prospect Meadows Inc?
Who are the executives of Prospect Meadows Inc and what are their salaries?
Where can I find the form 990 for Prospect Meadows Inc?

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.

Impact

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.




Saturday, July 20, 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.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • 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
  • 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

    Principal Officer

    Steve Hammes

    Main Address

    1850 PROSPECT DRIVE, MARION, IA, 52302

    NTEE Category

    Code: N32 - Recreation

    If you are a representative of Prospect Meadows Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.