Civic Intelligence

Detroit 300 Conservancy

990 • Fiscal year 2017 • EIN 30-0002873

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

1 Campus Martius No 380Detroit, MI 48226

(313) 566-8250

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.11x

Higher debt load relative to assets than 42% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

31st percentile

0.08x

Higher debt load relative to revenue than 31% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

91st percentile

$348,302

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

73rd percentile

12%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

87th percentile

49%

Faster revenue growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,580,579

Up $506,167 (+12%) from 2016

Net Assets

Up

$4,098,826

Up $438,748 (+12%) from 2016

Liabilities

Up

$481,753

Up $67,419 (+16%) from 2016

Revenue

Up

$6,345,370

Up $2,083,271 (+49%) from 2016

Expenses

Up

$6,150,212

Up $1,548,230 (+34%) from 2016

Net Income

Up

$195,158

Up $535,041 (+157%) from 2016

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2013: $3,805,907Liabilities 2013: $128,671Net Assets 2013: $3,677,2362013Assets 2014: $4,790,541Liabilities 2014: $201,153Net Assets 2014: $4,589,3882014Assets 2015: $4,125,583Liabilities 2015: $331,232Net Assets 2015: $3,794,3512015Assets 2016: $4,074,412Liabilities 2016: $414,334Net Assets 2016: $3,660,0782016Assets 2017: $4,580,579Liabilities 2017: $481,753Net Assets 2017: $4,098,8262017Assets 2018: $4,299,388Liabilities 2018: $639,888Net Assets 2018: $3,659,5002018Assets 2019: $5,184,384Liabilities 2019: $928,311Net Assets 2019: $4,256,0732019Assets 2020: $4,057,904Liabilities 2020: $283,189Net Assets 2020: $3,774,7152020Assets 2021: $4,896,723Liabilities 2021: $1,080,517Net Assets 2021: $3,816,2062021Assets 2022: $4,436,292Liabilities 2022: $2,485,539Net Assets 2022: $1,950,7532022Assets 2023: $4,016,314Liabilities 2023: $2,827,355Net Assets 2023: $1,188,9592023Assets 2024: $5,456,451Liabilities 2024: $4,777,464Net Assets 2024: $678,9872024

Highlighted filing

2017

Assets$4,580,579
Liabilities$481,753
Net Assets$4,098,826

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2013: $3,820,026Expenses 2013: $3,418,266Net Income 2013: $401,7602013Revenue 2014: $4,583,987Expenses 2014: $3,626,282Net Income 2014: $957,7052014Revenue 2015: $4,264,720Expenses 2015: $4,680,072Net Income 2015: -$415,3522015Revenue 2016: $4,262,099Expenses 2016: $4,601,982Net Income 2016: -$339,8832016Revenue 2017: $6,345,370Expenses 2017: $6,150,212Net Income 2017: $195,1582017Revenue 2018: $6,630,962Expenses 2018: $6,736,589Net Income 2018: -$105,6272018Revenue 2019: $6,641,535Expenses 2019: $6,506,174Net Income 2019: $135,3612019Revenue 2020: $4,623,979Expenses 2020: $5,191,723Net Income 2020: -$567,7442020Revenue 2021: $5,340,808Expenses 2021: $5,577,967Net Income 2021: -$237,1592021Revenue 2022: $4,853,134Expenses 2022: $6,897,806Net Income 2022: -$2,044,6722022Revenue 2023: $6,472,923Expenses 2023: $7,830,955Net Income 2023: -$1,358,0322023Revenue 2024: $7,093,097Expenses 2024: $7,308,412Net Income 2024: -$215,3152024

Highlighted filing

2017

Revenue$6,345,370
Expenses$6,150,212
Net Income$195,158
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 13, 2018
Return Version
2017v2.3
Gross Receipts
$7,151,824
Mission and Program Overview

Mission

The organization is a michigan non-profit corporation designed to maintain and program the detroit 300 legacy gift to the city of detroit and campus martius park, as well as to provide funding for the continued beautification of public spaces in the city of detroit.

To provide funding for the continued beautification of public spaces in the city of detroit

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,014,796$3,229,785▲ $214,989
Accounts Receivable$330,786$1,191,846▲ $861,060
Prepaid Expenses and Deferred Charges$63,942$79,869▲ $15,927
Land, Buildings, and Equipment, Net$72,199$57,000▼ $15,199
Cash and Non-Interest-Bearing Accounts$592,689$22,079▼ $570,610
Total Assets$4,074,412$4,580,579▲ $506,167
Liabilities
Accounts Payable and Accrued Expenses$414,334$481,553▲ $67,219
Deferred Revenue-$200-
Total Liabilities$414,334$481,753▲ $67,419
Net Assets / Fund Balance
Unrestricted Net Assets$2,010,078$2,448,826▲ $438,748
Permanently Rstr Net Assets$1,650,000$1,650,000→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$3,660,078$4,098,826▲ $438,748
Total Liabilities and Net Assets / Fund Balance$4,074,412$4,580,579▲ $506,167

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$57,000$95,000$152,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$3,014,796-▲ $418,168$164,600$3,229,785
2016$2,946,503-▲ $254,984$150,000$3,014,796
2015$3,125,951-▼ $55,727$85,000$2,946,503
2014$3,230,488-▲ $171,525$237,000$3,125,951
2013$2,960,795-▲ $478,303$170,000$3,230,488
Compensation and Service Providers

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Eagle SecuritySecurity Services500 GRISWOLD SUITE 400, Detroit, MI 48226$529,139
Ashcraft LandscapeLandscaping Services10101 LYNDON 4, Detroit, MI 48238$471,372
Camouflage Security & Investigation LLCSecurity Services615 GRISWOLD ST SUITE 925, Detroit, MI 48226$301,327
Nksk Events And Productions LLCEvent Programming Services141 W PARKHURST PLACE, Detroit, MI 48203$262,239
Come Play DetroitSports Zone Operator1514 WASHINGTON BLVD, Detroit, MI 48226$245,466
Revenue and Support

Revenue Composition

Contributions and Grants
$4,995,806
Program Service Revenue
$857,420
Investment Income
$174,579
Other Revenue
$317,565
All Other Contributions
$4,995,806
Change in Net Assets
$195,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,150,212
Total Fundraising Expense$52,710
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,755,174$324,676-$5,079,850
Fees for Services Management$421,688$116,100$52,710$590,498
Advertising-$140,295-$140,295
Occupancy$70,783--$70,783
Insurance$58,154--$58,154
Fees for Services Legal$5,000$20,000-$25,000
Information Technology-$21,361-$21,361
Depreciation Depletion$15,200--$15,200
Office Expenses-$7,237-$7,237
Other Expenses$4,028$16,166-$4,028
All Other Expenses-$3,487-$3,487
Travel-$2,315-$2,315
Conferences and Meetings-$652-$652
Total Functional Expenses$5,330,027$767,475$52,710$6,150,212
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$88,789
Fundraising Direct Expenses$11,256
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Grand Circus Gala$88,789$88,789$11,256$77,533
Event 2----
Total Events$88,789$88,789$11,256$77,533
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
Yes
Backup withholding compliance
Yes
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
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Effective october 1, 2009, downtown detroit partnership, inc. ("ddpi"), a 501(c)(3) organization, became the sole member of detroit 300 conservancy ("d300").

Form 990, Part VI, Section A, Line 7A

Ddpi, as the sole member, shall be required to elect (or remove) the board of directors of d300.

Form 990, Part VI, Section A, Line 7B

Ddpi, as sole member, shall approve any amendments to the articles of incorporation or by-laws, approve the selection of auditors for the corporation, and approve any direct or indirect transactions between the corporation and either the board member or officer than contracts of employment entered into in the ordinary course of business providing reasonable compensation, and contracts for reimbursement of expenses actually and necessarily incurred in the performance of duties on behalf of the corporation. In addition, any other cases when required by law.

Form 990, Part VI, Section A, Line 8B

There are no committees with authority to act on behalf of the governing body.

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

The president reviews and signs the form 990 before filing with the internal revenue service. The board of directors reviews the annual audit, which is used to provide the form 990 information.

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

All board members are included under the conflicts of interest policy. Board members are required to disclose any conflicts of interest and any disclosures are included in meeting minutes. No restrictions are imposed, but any conflicts are disclosed and documented.

Form 990, Part VI, Section B, Line 15

The executive board of detroit 300 conservancy reviews the requirements and determines the compensation of the president. The president's salary is considered paid by another organization.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Detroit 300 Conservancy
EIN
30-0002873
Phone
3135668250
Address
1 CAMPUS MARTIUS NO 380, DETROIT, MI 48226

Signing Officer

Name
Robert Gregory
Title
President
Phone
3135668250
Signed
2018-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Gregory
Formed
2001
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
13
Employees
0
Volunteers
33

Preparer

Firm
Deloitte Tax Llp
Address
200 RENAISSANCE CENTER SUITE 3900, DETROIT, MI 48243-1313
Preparer
Lori Boyce
Phone
3133963000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

Beacon park - beacon park opened july 20, 2017. The park infuses light, energy, and motion to create a distinctive gathering place, and an unforgettable experience for visitors of all ages. The circular, open lawn is the largest of any downtown detroit park and gives visitors room to run, play, relax and recharge. The park provides year-round programming, interactive light installations and a contemporary restaurant with a rooftop garden and dining space for panoramic views of the park and city skyline. The park has activated 1.2 acres, improved walkability, and created a catalyst for cultural vibrancy and economic development.

Form 990, Part IX, Line 11G

Security/ambassador services: program service expenses 472,183. Management and general expenses 0. Fundraising expenses 0. Total expenses 472,183. Event operations services - programming: program service expenses 0. Management and general expenses 146,724. Fundraising expenses 0. Total expenses 146,724. Event operations - development consultant: program service expenses 0. Management and general expenses 99,000. Fundraising expenses 0. Total expenses 99,000. Planning consultant services: program service expenses 0. Management and general expenses 78,952. Fundraising expenses 0. Total expenses 78,952. Holiday lighting: program service expenses 216,315. Management and general expenses 0. Fundraising expenses 0. Total expenses 216,315. Rink operations/maintenance: program service expenses 203,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 203,983. Park maintenance: program service expenses 463,948. Management and general expenses 0. Fundraising expenses 0. Total expenses 463,948. Landscaping: program service expenses 89,483. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,483. Park events: program service expenses 741,491. Management and general expenses 0. Fundraising expenses 0. Total expenses 741,491. Park rentals: program service expenses 97,483. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,483. Placemaking: program service expenses 645,708. Management and general expenses 0. Fundraising expenses 0. Total expenses 645,708. Beacon park programming: program service expenses 1,824,580. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,824,580.

Financial Statement Notes

PART V, LINE 4:

The endowment fund is used to maintain the detroit 300 legacy gifts to the city of detroit and campus martius park, as well as to provide funding for the continued beautification of public spaces in the city of detroit.

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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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IRS990/Form990PartVIISectionAGrp/PersonNm2DANIEL J LOEPP
IRS990/Form990PartVIISectionAGrp/PersonNm3GERARD M ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4MELANCA CLARK START 112017
IRS990/Form990PartVIISectionAGrp/PersonNm5MATTHEW P CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm6DAVID O EGNER
IRS990/Form990PartVIISectionAGrp/PersonNm7STACY FOX
IRS990/Form990PartVIISectionAGrp/PersonNm8DAN GILBERT
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRISTOPHER ILITCH
IRS990/Form990PartVIISectionAGrp/PersonNm10BENJAMIN S KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm11RODRICK MILLER END 32017
IRS990/Form990PartVIISectionAGrp/PersonNm12CAMERON H PIGGOTT
IRS990/Form990PartVIISectionAGrp/PersonNm13MATTHEW SIMONCINI
IRS990/Form990PartVIISectionAGrp/PersonNm14DENISE STARR END 112017
IRS990/Form990PartVIISectionAGrp/PersonNm15BISHOP EDGAR L VANN II
IRS990/Form990PartVIISectionAGrp/PersonNm16ROBERT GREGORY
IRS990/Form990PartVIISectionAGrp/PersonNm17PAUL TRULIK
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT
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IRS990/FormationYr02001
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IRS990/MissionDesc0THE ORGANIZATION IS A MICHIGAN NON-PROFIT CORPORATION DESIGNED TO MAINTAIN AND PROGRAM THE DETROIT 300 LEGACY GIFT TO THE CITY OF DETROIT AND CAMPUS MARTIUS PARK, AS WELL AS TO PROVIDE FUNDING FOR THE CONTINUED BEAUTIFICATION OF PUBLIC SPACES IN THE CITY OF DETROIT.
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IRS990/ProgramServiceRevenueGrp/Desc0CMP PARK EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1ICE RINK REVENUE
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IRS990/ProgSrvcAccomActy2Grp/Desc0BEACON PARK - BEACON PARK OPENED JULY 20, 2017. THE PARK INFUSES LIGHT, ENERGY, AND MOTION TO CREATE A DISTINCTIVE GATHERING PLACE, AND AN UNFORGETTABLE EXPERIENCE FOR VISITORS OF ALL AGES. THE CIRCULAR, OPEN LAWN IS THE LARGEST OF ANY DOWNTOWN DETROIT PARK AND GIVES VISITORS ROOM TO RUN, PLAY, RELAX AND RECHARGE. THE PARK PROVIDES YEAR-ROUND PROGRAMMING, INTERACTIVE LIGHT INSTALLATIONS AND A CONTEMPORARY RESTAURANT WITH A ROOFTOP GARDEN AND DINING SPACE FOR PANORAMIC VIEWS OF THE PARK AND CITY SKYLINE. THE PARK HAS ACTIVATED 1.2 ACRES, IMPROVED WALKABILITY, AND CREATED A CATALYST FOR CULTURAL VIBRANCY AND ECONOMIC DEVELOPMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01824580
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt041130
IRS990/ProgSrvcAccomActy3Grp/Desc0PLACEMAKING - BEGINNING IN 2013 AND WORKING WITH THE CITY OF DETROIT AND KEY DOWNTOWN STAKEHOLDERS, THE CONSERVANCY PROVIDES ACTIVATION, IMPROVEMENTS AND PROGRAMMING FOR THREE ADDITIONAL DOWNTOWN HISTORIC PARKS AND PUBLIC SPACES INCLUDING GRAND CIRCUS PARK, CAPITOL PARK AND PARADISE VALLEY'S BEATRICE BUCK PARK.
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IRS990/PYOtherExpensesAmt04601982
IRS990/PYOtherRevenueAmt0117718

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