Civic Intelligence

Novi Parks Foundation

990 • Fiscal year 2017 • EIN 20-0902251

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 13, 2018

PO Box 1169Novi, MI 48376-1169

(810) 241-7157

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

84th percentile

$22,550

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 33.5% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

58th percentile

7.4%

Faster asset growth than 58% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

-6.6%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$485,904

Up $33,274 (+7.4%) from 2016

Net Assets

Up

$485,904

Up $33,274 (+7.4%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$67,386

Down $4,798 (-6.6%) from 2016

Expenses

Down

$34,112

Down $292 (-0.8%) from 2016

Net Income

Down

$33,274

Down $4,506 (-12%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $594,697Liabilities 2011: $2,6202011Assets 2012: $583,276Liabilities 2012: $90Net Assets 2012: $583,1862012Assets 2013: $490,385Liabilities 2013: $653Net Assets 2013: $489,7322013Assets 2014: $535,350Liabilities 2014: $565Net Assets 2014: $534,7852014Assets 2015: $414,850Liabilities 2015: $0Net Assets 2015: $414,8502015Assets 2016: $452,630Liabilities 2016: $0Net Assets 2016: $452,6302016Assets 2017: $485,904Liabilities 2017: $0Net Assets 2017: $485,9042017Assets 2018: $455,991Liabilities 2018: $0Net Assets 2018: $455,9912018Assets 2019: $485,791Liabilities 2019: $0Net Assets 2019: $485,7912019Assets 2020: $331,528Liabilities 2020: $0Net Assets 2020: $331,5282020Assets 2021: $268,360Liabilities 2021: $0Net Assets 2021: $268,3602021Assets 2022: $510,838Liabilities 2022: $0Net Assets 2022: $510,8382022Assets 2023: $626,978Liabilities 2023: $0Net Assets 2023: $626,9782023Assets 2024: $322,191Liabilities 2024: $0Net Assets 2024: $322,1912024

Highlighted filing

2017

Assets$485,904
Liabilities$0
Net Assets$485,904

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200K-$400KRevenue 2011: $120,408Expenses 2011: $25,633Net Income 2011: $94,7752011Revenue 2012: $18,383Expenses 2012: $27,274Net Income 2012: -$8,8912012Revenue 2013: $21,810Expenses 2013: $115,264Net Income 2013: -$93,4542013Revenue 2014: $63,153Expenses 2014: $18,100Net Income 2014: $45,0532014Revenue 2015: $69,418Expenses 2015: $189,353Net Income 2015: -$119,9352015Revenue 2016: $72,184Expenses 2016: $34,404Net Income 2016: $37,7802016Revenue 2017: $67,386Expenses 2017: $34,112Net Income 2017: $33,2742017Revenue 2018: $64,886Expenses 2018: $94,799Net Income 2018: -$29,9132018Revenue 2019: $83,284Expenses 2019: $53,484Net Income 2019: $29,8002019Revenue 2020: $9,149Expenses 2020: $163,412Net Income 2020: -$154,2632020Revenue 2021: $26,741Expenses 2021: $90,055Net Income 2021: -$63,3142021Revenue 2022: $252,597Expenses 2022: $10,119Net Income 2022: $242,4782022Revenue 2023: $136,157Expenses 2023: $20,017Net Income 2023: $116,1402023Revenue 2024: $37,527Expenses 2024: $342,314Net Income 2024: -$304,7872024

Highlighted filing

2017

Revenue$67,386
Expenses$34,112
Net Income$33,274
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$86,450
Mission and Program Overview

Mission

To maximize non-tax financial support of the facilities and programs of the parks, recreation & forestry department of the city of novi, michigan by developing and promoting a broad program for private donations and public grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$400,159$350,730▼ $49,429
Cash and Non-Interest-Bearing Accounts$51,466$132,644▲ $81,178
Prepaid Expenses and Deferred Charges$1,005$1,598▲ $593
Land, Buildings, and Equipment, Net-$932-
Total Assets$452,630$485,904▲ $33,274
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$356,678$404,840▲ $48,162
Permanently Rstr Net Assets$68,748$74,339▲ $5,591
Unrestricted Net Assets$27,204$6,725▼ $20,479
Total Net Assets Fund Balance$452,630$485,904▲ $33,274
Total Liabilities and Net Assets / Fund Balance$452,630$485,904▲ $33,274

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$932$209$1,141

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$68,748$5,500▲ $141-$74,339
2016$63,293$5,500▲ $5-$68,748
2015$57,837$5,500▲ $6-$63,293
2014$52,879$5,000▲ $8-$57,837
2013$52,422$500▲ $7-$52,879
Compensation and Service Providers

Employees

NameTitleBaseTotal
Rachel ZagaroliExecutive Di$22,550$22,550

Board Members and Trustees

NameTitle
David LandryPresident
Brian AdamsBoard Member
Harry TorimotoBoard Member
Jennifer DegenBoard Member
Julie GaravagliaBoard Member
Kim CapelloBoard Member
Randy BalconiBoard Member
Charles StaabSecretary
Karen TaracksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,679
Program Service Revenue
$0
Investment Income
$1,681
Other Revenue
$-5,974
All Other Contributions
$59,134
Change in Net Assets
$33,274

Audited Revenue Reconciliation

Revenue per Audited Statements
$67,386
Revenue Not Reported on Form 990
$19,064
Total Revenue per Audited Statements
$86,450
Total Revenue per Form 990
$67,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$22,550
Other Expenses$8,712
Grants and Similar Amounts Paid$2,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$22,550-$22,550
Fees for Services Accounting-$3,040-$3,040
Grants to Domestic Orgs$2,850--$2,850
Insurance-$1,540-$1,540
Advertising-$840-$840
Office Expenses-$417-$417
Other Expenses-$218-$218
Depreciation Depletion-$209-$209
All Other Expenses-$140-$140
Total Functional Expenses$2,850$31,262$0$34,112

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$53,176
Expenses per Audited Statements$34,112
Total Expenses per Form 990$34,112
Expenses Not Reported on Form 990$19,064
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$19,064
Fundraising Gross Income$13,090
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$25,635$13,090$19,064$-5,974
Total Events$25,635$13,090$19,064$-5,974
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Governing documents, conflict of interst policy, financials and 990 filings are available to the public upon request

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is available to the public upon request.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Novi Parks Foundation
EIN
20-0902251
Phone
8102417157
Address
PO BOX 1169, NOVI, MI 48376-1169

Signing Officer

Name
Rachel Zagaroli
Title
Executive Director
Phone
8102417157
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Zagaroli
Formed
2004
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
COLE NEWTON & DURAN CPA'S
Address
33762 SCHOOLCRAFT RD, LIVONIA, MI 48150-1506
Preparer
Michael G Thomas CPA
Phone
7344272030
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To maximize non-tax financial support of the facilities and programs of the parks, recreation & forestry department of the city of novi, michigan by developing and promoting a broad program for private donations and public grants.

Form 990, Part XI, Line 9

Fundraising expenses / pour on the shore event 19,064 fundraising expenses / pour on the shore event -19,064

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses / pour on the shore event 19,064

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses / pour on the shore event 19,064

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY, FINANCIALS AND 990 FILINGS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
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ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL ZAGAROLI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08102417157
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NOVI PARKS FOUNDATION
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.78.110.10
ReturnHeader/FilingSecurityInformation/IPDt02018-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm015:25:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383146599
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLE NEWTON & DURAN CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt033762 SCHOOLCRAFT RD
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.22$0.00$3.22$0.38$3.42$3.05
2023Detailed filing. Detailed filing data is available for this year.$6.27$0.00$6.27$1.36$0.20$1.16
2022Detailed filing. Detailed filing data is available for this year.$5.11$0.00$5.11$2.53$0.10$2.42
2021Detailed filing. Detailed filing data is available for this year.$2.68$0.00$2.68$0.27$0.90$0.63
2020Detailed filing. Detailed filing data is available for this year.$3.32$0.00$3.32$0.09$1.63$1.54
2019Detailed filing. Detailed filing data is available for this year.$4.86$0.00$4.86$0.83$0.53$0.30
2018Detailed filing. Detailed filing data is available for this year.$4.56$0.00$4.56$0.65$0.95$0.30
2017Detailed filing. Detailed filing data is available for this year.$4.86$0.00$4.86$0.67$0.34$0.33
2016Detailed filing. Detailed filing data is available for this year.$4.53$0.00$4.53$0.72$0.34$0.38
2015Summary only. Only limited summary data is available for this year.$4.15$0.00$4.15$0.69$1.89$1.20
2014Summary only. Only limited summary data is available for this year.$5.35$0.01$5.35$0.63$0.18$0.45
2013Summary only. Only limited summary data is available for this year.$4.90$0.01$4.90$0.22$1.15$0.93
2012Summary only. Only limited summary data is available for this year.$5.83$0.00$5.83$0.18$0.27$0.09
2011Summary only. Only limited summary data is available for this year.$5.95$0.03$1.20$0.26$0.95