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Prospect Meadows Inc

EIN 45-1186453 · Marion, IA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair52 out of 100GovernanceFair64 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO PROVIDE ATTRACTIVE, LOCAL AND PROFRESSIONAL OUTDOOR BASEBALL AND SOFTBALL FACILITIES AND PROGRAMS THORUGH 9 FIELDS ON ONE CAMPUS. THESE FACILITIES AND PROGRAMS WILL BE OF SIGNIFICANT BENEFIT TO LOCAL AND YOUTH AND THE LOCAL ECONOMY IN ITS NATIONWIDE TOURISM APPEAL. LOCAL PROGRAMS AND NATIONAL TOURNAMENTS WILL BOTH ALLOW YOUNG PEOPLE THE OPPORTUNITY TO DEVELOP THEIR ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT AT PROSPECT MEADOWS.

Income
$2.3 million
Spending
$2.3 million
Spent on programs
88%
Reserves
-20.5 months of spending
Largest source of income
fees for its services, 50%
Employees
41
Volunteers
22
Highest pay
$78,015, president

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 52 out of 100. Higher than 19% of charities in its peer group (recreation and sports, $1m to $10m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    10 of 20

    It owes 42% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 0% of income.

  • Income trend

    15 of 15

    Income rose 31% on the year before.

  • Spending floor

    15 of 15

    88% of spending went to programs and raising each dollar of donations cost 14 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 64 out of 100. Higher than 38% of charities in its peer group (recreation and sports, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $2.0 million spent. THE ORGANIZATION WAS FORMED IN THE STATE OF IOWA IN 2011, AS A NONPROFIT CORPORATION, TO RAISE CAPITAL AND CONSTRUCT A PROFESSIONAL OUTDOOR BASEBALL/SOFTBALL COMPLEX ON LAND LEASED FROM LINN COUNTY, IOWA. THIS FACILITY ALLOWS YOUNG PEOPLE IN THE AREA AND THROUGHOUT THE UNITED STATES TO DEVELOP ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT. IT ALSO PROVIDES AN AVENUE FOR PLAYERS TO BE SHOWCASED AND RECRUITED BY COLLEGES AND PROFESSIONAL TEAMS. ONE FIELD IS A MIRACLE FIELD FOR DISABLED YOUTH. THE ORGANIZATION WILL ALSO HAVE AN AT-RISK PROGRAM FOR LOCAL YOUTHS. CONSTRUCTION HAS BEEN COMPLETED AND THE ORGANIZATION BEGAN OPERATIONS IN MAY 2019. THE ORGANIZATION IS FUNDED THROUGH DONATIONS, HOSTING BASEBALL AND SOFTBALL EVENTS, LEASING OUT THE COMPLEX, ADVERTISING, CONCESSIONS AND SOUVENIR SALES. THE ORGANIZATION WAS FORMED IN THE STATE OF IOWA IN 2011, AS A NONPROFIT CORPORATION, TO RAISE CAPITAL AND CONSTRUCT A PROFESSIONAL OUTDOOR BASEBALL/SOFTBALL COMPLEX ON LAND LEASED FROM LINN COUNTY, IOWA. THIS FACILITY ALLOWS YOUNG PEOPLE IN THE AREA AND THROUGHOUT THE UNITED STATES TO DEVELOP ATHLETIC AND SOCIAL SKILLS IN A FAN FRIENDLY ENVIRONMENT. IT ALSO PROVIDES AN AVENUE FOR PLAYERS TO BE SHOWCASED AND RECRUITED BY COLLEGES AND PROFESSIONAL TEAMS. ONE FIELD IS A MIRACLE FIELD FOR DISABLED YOUTH. THE ORGANIZATION WILL ALSO HAVE AN AT-RISK PROGRAM FOR LOCAL YOUTHS. CONSTRUCTION HAS BEEN COMPLETED AND THE ORGANIZATION BEGAN OPERATIONS IN MAY 2019. THE ORGANIZATION IS FUNDED THROUGH DONATIONS, HOSTING BASEBALL AND SOFTBALL EVENTS, LEASING OUT THE COMPLEX, ADVERTISING, CONCESSIONS AND SOUVENIR SALES.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 2011.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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