Civic Intelligence

Friends of Crescent Park

EIN 26-4562012 • 501(c)3 • Grand Rapids, MI

Profile

To preserve, improve, expand, and promote the use of crescent park in the city of grand rapids, michigan.

333 Bostwick Avenue NEGrand Rapids, MI 49503

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

55th percentile

7.0%

Higher net margin than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

39th percentile

0.0%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

76th percentile

33%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,726,221

Up $98 (+0.0%) from 2023

Liabilities

Down

$0

Down $884 (-100%) from 2023

Net Assets

Up

$1,726,221

Up $982 (+0.1%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin55th percentile

Revenue

Up

$14,000

Up $3,435 (+33%) from 2023

Expenses

Up

$13,018

Up $5,284 (+68%) from 2023

Net Income

Down

$982

Down $1,849 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2020: $1,725,278Liabilities 2020: $454Net Assets 2020: $1,724,8242020Assets 2021: $1,724,407Liabilities 2021: $0Net Assets 2021: $1,724,4072021Assets 2022: $1,725,973Liabilities 2022: $3,565Net Assets 2022: $1,722,4082022Assets 2023: $1,726,123Liabilities 2023: $884Net Assets 2023: $1,725,2392023Assets 2024: $1,726,221Liabilities 2024: $0Net Assets 2024: $1,726,2212024

Highlighted filing

2024

Assets$1,726,221
Liabilities$0
Net Assets$1,726,221
Open 2024 Filing

Operations Trend

Revenue Growth76th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20K$10K$0-$10KRevenue 2020: $18,500Expenses 2020: $19,403Net Income 2020: -$9032020Revenue 2021: $10,000Expenses 2021: $10,418Net Income 2021: -$4182021Revenue 2022: $15,000Expenses 2022: $16,999Net Income 2022: -$1,9992022Revenue 2023: $10,565Expenses 2023: $7,734Net Income 2023: $2,8312023Revenue 2024: $14,000Expenses 2024: $13,018Net Income 2024: $9822024

Highlighted filing

2024

Revenue$14,000
Expenses$13,018
Net Income$982
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,726,221
Liabilities
$0
Net assets
$1,726,221
Revenue
$14,000
Expenses
$13,018
Net income
$982
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.73$0.00$1.73$0.01$0.01$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.72$0.02$0.02$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.01$0.01$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.72$0.02$0.02$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 22, 2025
Return Version
2024v5.1
Gross Receipts
$14,000
Mission and Program Overview

Mission

To preserve, improve, expand, and promote the use of crescent park in the city of grand rapids, michigan.

To preserve, improve, expand, and promote the use of crescent park in grand rapids, michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,720,689$1,720,689→ $0
Cash and Non-Interest-Bearing Accounts$5,434$5,532▲ $98
Total Assets$1,726,123$1,726,221▲ $98
Liabilities
Accounts Payable and Accrued Expenses$884$0▼ $884
Total Liabilities$884$0▼ $884
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,725,239$1,726,221▲ $982
Total Net Assets Fund Balance$1,725,239$1,726,221▲ $982
Total Liabilities and Net Assets / Fund Balance$1,726,123$1,726,221▲ $98

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,720,689-$1,720,689
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Timothy MyersPresident
Sam PintoDirector
Thomas R Curran JrDirector
Kim CousineauSecretary
Katie HelderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$14,000
Change in Net Assets
$982
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$11,266--$11,266
Other Expenses-$1,752-$1,752
Total Functional Expenses$11,266$1,752$0$13,018
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Business relationship with 35% controlled entity
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Business relationship: employment at 501(c)(3) (van andel research institute)/ officer at 501(c)(3) (friends of crescent park): timothy meyers, kim cousineau, katie helder, sam pinto, and thomas r curran jr.”

Form 990, Part VI, Section B, Line 11B

“The form 990 has been reviewed by focp treasurer, katie helder, and made available to the board for their review prior to filing with the irs.”

Form 990, Part VI, Section B, Line 15

“Organization does not compensate its management officials.”

Form 990, Part VI, Section C, Line 19

“All documents required to be made available to the public are available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Friends of Crescent Park
EIN
26-4562012
Phone
6162345368
Address
333 BOSTWICK AVENUE NE, GRAND RAPIDS, MI 49503

Signing Officer

Name
Timothy J Myers
Title
Treasurer
Phone
6162345368
Signed
2025-10-22

Organization Details

Principal Officer
Katherine Helder
Formed
2008
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
4
Supplemental Narrative

Financial Statement Notes

Part III, Line 4

“The artwork consists of a large boulder and plaque in memory of jay and betty van andel. This artwork enhances the area and promotes the use of crescent park.”

Part VI, Line 1E

“"other" investments represents land improvements to property as well as artwork on the property.”

Raw XML Appendix286 raw XML fields

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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ARTWORK CONSISTS OF A LARGE BOULDER AND PLAQUE IN MEMORY OF JAY AND BETTY VAN ANDEL. THIS ARTWORK ENHANCES THE AREA AND PROMOTES THE USE OF CRESCENT PARK.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1"OTHER" INVESTMENTS REPRESENTS LAND IMPROVEMENTS TO PROPERTY AS WELL AS ARTWORK ON THE PROPERTY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 HAS BEEN REVIEWED BY FOCP TREASURER, KATIE HELDER, AND MADE AVAILABLE TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION DOES NOT COMPENSATE ITS MANAGEMENT OFFICIALS.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY J MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06162345368
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-22
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ReturnHeader/Filer/BusinessNameControlTxt0FRIE
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ReturnHeader/Filer/PhoneNum06162345368
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02025-10-22T14:45:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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