Civic Intelligence

Novi Parks Foundation

990 • Fiscal year 2018 • EIN 20-0902251

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

Organization ProfileWWW.NOVIPARKS.ORG
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

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

9th percentile

-46%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

84th percentile

$21,150

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 32.6% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

34th percentile

-6.2%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

42nd percentile

-3.7%

Faster revenue growth than 42% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

Down

$455,991

Down $29,913 (-6.2%) from 2017

Net Assets

Down

$455,991

Down $29,913 (-6.2%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin9th percentile

Revenue

Down

$64,886

Down $2,500 (-3.7%) from 2017

Expenses

Up

$94,799

Up $60,687 (+178%) from 2017

Net Income

Down

-$29,913

Down $63,187 (-190%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

2018

Assets$455,991
Liabilities$0
Net Assets$455,991
Open 2018 Filing

Operations Trend

Revenue Growth42nd percentile

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

2018

Revenue$64,886
Expenses$94,799
Net Income-$29,913
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$81,494
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$350,730$331,533▼ $19,197
Cash and Non-Interest-Bearing Accounts$132,644$77,156▼ $55,488
Pledges and Grants Receivable-$45,000-
Prepaid Expenses and Deferred Charges$1,598$1,598→ $0
Land, Buildings, and Equipment, Net$932$704▼ $228
Total Assets$485,904$455,991▼ $29,913
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$404,840$388,796▼ $16,044
Permanently Rstr Net Assets$74,339$79,839▲ $5,500
Unrestricted Net Assets$6,725$-12,644▼ $19,369
Total Net Assets Fund Balance$485,904$455,991▼ $29,913
Total Liabilities and Net Assets / Fund Balance$485,904$455,991▼ $29,913

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$704$437$1,141

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$74,339$5,500--$79,839
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
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rachel ZagaroliExecutive DiPT$21,150$21,150

Board Members and Trustees

NameTitle
David LandryPresident
Adam CzapBoard Member
Harry TorimotoBoard Member
Jennifer DegenBoard Member
Kim CapelloBoard Member
Randy BalconiBoard Member
Charles StaabSecretary
Sheel DesaiTreasurer
Brian AdamsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$64,687
Program Service Revenue
$0
Investment Income
$4,744
Other Revenue
$-4,545
All Other Contributions
$56,657
Change in Net Assets
$-29,913

Audited Revenue Reconciliation

Revenue per Audited Statements
$64,886
Revenue Not Reported on Form 990
$16,608
Total Revenue per Audited Statements
$81,494
Total Revenue per Form 990
$64,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$70,288
Salaries, Compensation, and Employee Benefits$21,150
Other Expenses$3,361
Total Fundraising Expense$75
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$70,288--$70,288
Current Officers, Directors, Trustees, and Key Employees-$21,150-$21,150
Insurance-$1,198-$1,198
Other Expenses-$274-$274
Depreciation Depletion-$228-$228
All Other Expenses-$120-$120
Advertising--$75$75
Fees for Services Accounting-$45-$45
Total Functional Expenses$70,288$24,436$75$94,799

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$111,407
Expenses per Audited Statements$94,799
Total Expenses per Form 990$94,799
Expenses Not Reported on Form 990$16,608
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of NoviNovi, MI-Development of Park$70,288
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,608
Fundraising Gross Income$12,063
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$20,093$12,063$16,608$-4,545
Total Events$20,093$12,063$16,608$-4,545
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
Sheel Desai
Title
Treasurer
Phone
8102417157
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheel Desai
Formed
2004
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
COLE NEWTON & DURAN CPA'S
Address
33762 SCHOOLCRAFT RD, LIVONIA, MI 48150-1506
Preparer
Brian Sutton
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 16,608 fundraising expenses -16,608”

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has evaluated fasb asc 740, income taxes, and has concluded it has no uncertain tax positions.”

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

“Fundraising expenses 16,608”

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

“Fundraising expenses 16,608”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt057837
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt08
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0704
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0437
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IRS990ScheduleD/RevenueSubtotalAmt064886
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED FASB ASC 740, INCOME TAXES, AND HAS CONCLUDED IT HAS NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING EXPENSES 16,608
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING EXPENSES 16,608
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt081494
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0111407
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt08030
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016608
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt070288
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOPMENT OF PARK
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF NOVI
IRS990ScheduleI/RecipientTable/RecipientEIN0386032551
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt045715 W 10 MILE RD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NOVI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048375
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RELYING ON THE FEEDBACK AND OBSERVATION OF THE CITY'S DIRECTOR OF PARKS & RECREATION TO UPDATE US ON THE USE, PURPOSE, AND TIMING OF COMPLETED PROJECTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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.
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FUNDRAISING EXPENSES 16,608 FUNDRAISING EXPENSES -16,608
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt075
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024436
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070288
IRS990/TotalFunctionalExpensesGrp/TotalAmt094799
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$455,991
Liabilities
$0
Net assets
$455,991
Revenue
$64,886
Expenses
$94,799
Net income
-$29,913
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