Civic Intelligence

Foundation Park Conservancy

990 • Fiscal year 2023 • EIN 26-4646309

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 05, 2024

PO Box 664Mount Vernon, OH 43050

(740) 392-4940

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

45th percentile

$41,448

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 6.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

90th percentile

86%

Faster revenue growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,055,284

Up $36,169 (+3.5%) from 2022

Net Assets

Up

$1,052,240

Up $379,870 (+56%) from 2022

Liabilities

Down

$3,044

Down $343,701 (-99%) from 2022

Revenue

Up

$646,016

Up $298,670 (+86%) from 2022

Expenses

Down

$266,146

Down $22,876 (-7.9%) from 2022

Net Income

Up

$379,870

Up $321,546 (+551%) from 2022

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2013: $3,992,326Liabilities 2013: $0Net Assets 2013: $3,992,3262013Assets 2014: $7,339,206Liabilities 2014: $0Net Assets 2014: $7,339,2062014Assets 2016: -$3,461Liabilities 2016: $0Net Assets 2016: -$3,4612016Assets 2017: $38,790Liabilities 2017: $0Net Assets 2017: $38,7902017Assets 2018: $27,591Liabilities 2018: $0Net Assets 2018: $27,5912018Assets 2019: $441,567Liabilities 2019: $0Net Assets 2019: $441,5672019Assets 2020: $623,977Liabilities 2020: $147,676Net Assets 2020: $476,3012020Assets 2021: $944,534Liabilities 2021: $330,488Net Assets 2021: $614,0462021Assets 2022: $1,019,115Liabilities 2022: $346,745Net Assets 2022: $672,3702022Assets 2023: $1,055,284Liabilities 2023: $3,044Net Assets 2023: $1,052,2402023Assets 2024: $907,760Liabilities 2024: $1,170Net Assets 2024: $906,5902024

Highlighted filing

2023

Assets$1,055,284
Liabilities$3,044
Net Assets$1,052,240

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $4,084,682Expenses 2013: $158,494Net Income 2013: $3,926,1882013Revenue 2014: $3,799,005Expenses 2014: $452,125Net Income 2014: $3,346,8802014Revenue 2016: $163,254Expenses 2016: $252,125Net Income 2016: -$88,8712016Revenue 2017: $425,777Expenses 2017: $383,526Net Income 2017: $42,2512017Revenue 2018: $649,093Expenses 2018: $660,292Net Income 2018: -$11,1992018Revenue 2019: $738,337Expenses 2019: $474,361Net Income 2019: $263,9762019Revenue 2020: $189,227Expenses 2020: $159,633Net Income 2020: $29,5942020Revenue 2021: $299,113Expenses 2021: $161,368Net Income 2021: $137,7452021Revenue 2022: $347,346Expenses 2022: $289,022Net Income 2022: $58,3242022Revenue 2023: $646,016Expenses 2023: $266,146Net Income 2023: $379,8702023Revenue 2024: $278,205Expenses 2024: $423,855Net Income 2024: -$145,6502024

Highlighted filing

2023

Revenue$646,016
Expenses$266,146
Net Income$379,870
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 5, 2024
Return Version
2023v5.1
Gross Receipts
$656,501
Mission and Program Overview

Mission

The Conservancy was established to raise funds to build, enhance, and maintain the abandoned quarry known as "Foundation Park" to be used as parkland.

To lead and support the economic stability, preservation, development, programming and promotion of Ariel-Foundation Park in collaboration with the City of Mount Vernon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$865,908$1,003,527▲ $137,619
Cash and Non-Interest-Bearing Accounts$65,162$51,757▼ $13,405
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,019,115$1,055,284▲ $36,169
Other Assets Total$88,045$0▼ $88,045
Liabilities
Mortgage Notes Payable Secured by Investment Property$343,711--
Accounts Payable and Accrued Expenses$3,034$3,044▲ $10
Total Liabilities$346,745$3,044▼ $343,701
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$672,370$1,052,240▲ $379,870
Total Net Assets Fund Balance$672,370$1,052,240▲ $379,870
Total Liabilities and Net Assets / Fund Balance$1,019,115$1,055,284▲ $36,169

Asset Categories

AssetBook ValueDepreciationBasis
Land$438,910-$438,910
Leasehold Improvements$271,257$71,234$342,491
Buildings$274,938$22,803$297,741
Equipment$18,422$19,957$38,379
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark FritzFormer Exec DirectorPT$41,448$41,448

Board Members and Trustees

NameTitle
Nick ClarkVice Chair
Jeff ScottBoard Member
Mike MillerBoard Member
Noelle JordanBoard Member
Jen OdenwellerSecretary
Josh MulletTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$557,049
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$88,967
All Other Contributions
$527,016
Change in Net Assets
$379,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$134,128
Salaries, Compensation, and Employee Benefits$132,018
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,795--$79,795
Depreciation Depletion$52,334--$52,334
Current Officers, Directors, Trustees, and Key Employees$28,598$12,850-$41,448
Insurance$10,975$4,704-$15,679
Payroll Taxes$6,493$2,782-$9,275
Interest-$8,523-$8,523
Occupancy$4,701--$4,701
Advertising$4,217--$4,217
Fees for Services Legal-$1,560-$1,560
Other Employee Benefits$1,050$450-$1,500
Fees for Services Other-$1,475-$1,475
Other Expenses$805$1,030-$1,030
Total Functional Expenses$226,707$39,439$0$266,146
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,890
Fundraising Direct Expenses$10,108
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Concert Series$29,447$29,447$3,658$25,789
Friends of the Park$21,910---
Total Events$59,207$37,297$10,108$27,189
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Copy of 990 is provided to each board member IN ADVANCE OF FILING WITH TIME ALLOWED FOR INPUT. FILED COPY IS THEN REVIEWED IN A BOARD MEETING.

Form 990, Part VI, Section B, Line 12C

The board conflict of interest policy is reviewed annually. Directors and key personnel complete and sign an annual disclosure statement and are reminded to contact an officer or board member if a perceived conflict should arise.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and other relevant information is maintained by officers of the organization.

Filing and Contact Details

Filer

Filer Name
Foundation Park Conservancy
EIN
26-4646309
Phone
7403924940
Address
PO BOX 664, MOUNT VERNON, OH 43050

Signing Officer

Name
Josh Mullet
Title
Treasurer
Signed
2024-08-05
Discuss with paid preparer
Yes

Organization Details

Formed
2009
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
0
Employees
8
Volunteers
75

Preparer

Firm
McDaniel CPA LLC
Address
20 W Ohio Avenue, Mount Vernon, OH 43050
Preparer
Renee Mcdaniel
Phone
7403971721
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0245596
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0144045
IRS990/PYOtherRevenueAmt0101750
IRS990/PYRevenuesLessExpensesAmt058324
IRS990/PYSalariesCompEmpBnftPaidAmt0144977
IRS990/PYTotalExpensesAmt0289022
IRS990/PYTotalRevenueAmt0347346
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0379870
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt060723
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0589919
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0267646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0158943
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt098416
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0621797
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01736721
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05482
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt026736
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0122695
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt063879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt049453
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0268245
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt061100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt071050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt079427
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt038949
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0105130
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0355656
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.84930
IRS990ScheduleA/PublicSupportPY509Pct00.83580
IRS990ScheduleA/PublicSupportTotal509Amt02004966
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0595401
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0294382
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0281638
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0162295
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0671250
IRS990ScheduleA/Total509Grp/TotalAmt02004966
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0656501
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0365432
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0361065
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0201244
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0776380
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02360622
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0274938
IRS990ScheduleD/BuildingsGrp/DepreciationAmt022803
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0297741
IRS990ScheduleD/EquipmentGrp/BookValueAmt018422
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019957
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt038379
IRS990ScheduleD/LandGrp/BookValueAmt0438910
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0438910
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0271257
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071234
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0342491
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01003527
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt021910
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt021910
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010108
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt06450
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt06450
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Concert Series
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0FRIENDS OF THE PARK
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt029447
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt021910
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt07850
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt059207
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt029447
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt07850
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt037297
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt027189
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03658
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03658
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt041448
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Mark Fritz
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0Former Exec Dir
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt041448
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copy of 990 is provided to each board member IN ADVANCE OF FILING WITH TIME ALLOWED FOR INPUT. FILED COPY IS THEN REVIEWED IN A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. DIRECTORS AND KEY PERSONNEL COMPLETE AND SIGN AN ANNUAL DISCLOSURE STATEMENT AND ARE REMINDED TO CONTACT AN OFFICER OR BOARD MEMBER IF A PERCEIVED CONFLICT SHOULD ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents, policies, and other relevant information is maintained by officers of the organization.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

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