Civic Intelligence

Detroit 300 Conservancy

990 • Fiscal year 2019 • EIN 30-0002873

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

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

53rd percentile

0.18x

Higher debt load relative to assets than 53% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

46th percentile

0.14x

Higher debt load relative to revenue than 46% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

47th percentile

2.0%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

93rd percentile

$405,694

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 6.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

83rd percentile

21%

Faster asset growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

39th percentile

0.2%

Faster revenue growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,184,384

Up $884,996 (+21%) from 2018

Net Assets

Up

$4,256,073

Up $596,573 (+16%) from 2018

Liabilities

Up

$928,311

Up $288,423 (+45%) from 2018

Revenue

Up

$6,641,535

Up $10,573 (+0.2%) from 2018

Expenses

Down

$6,506,174

Down $230,415 (-3.4%) from 2018

Net Income

Up

$135,361

Up $240,988 (+228%) from 2018

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

2019

Assets$5,184,384
Liabilities$928,311
Net Assets$4,256,073

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

2019

Revenue$6,641,535
Expenses$6,506,174
Net Income$135,361
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$7,545,970
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$2,854,569$3,488,865▲ $634,296
Accounts Receivable$1,069,649$1,230,953▲ $161,304
Cash and Non-Interest-Bearing Accounts$222,314$391,960▲ $169,646
Prepaid Expenses and Deferred Charges$111,056$72,606▼ $38,450
Land, Buildings, and Equipment, Net$41,800--
Total Assets$4,299,388$5,184,384▲ $884,996
Liabilities
Accounts Payable and Accrued Expenses$606,888$863,311▲ $256,423
Deferred Revenue$33,000$37,500▲ $4,500
Other Liabilities$0$27,500▲ $27,500
Total Liabilities$639,888$928,311▲ $288,423
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,009,500$2,287,737▲ $278,237
Net Assets With Donor Restrictions$1,650,000$1,968,336▲ $318,336
Total Net Assets Fund Balance$3,659,500$4,256,073▲ $596,573
Total Liabilities and Net Assets / Fund Balance$4,299,388$5,184,384▲ $884,996

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$2,854,569-▲ $673,803-$3,488,865
2018$3,229,785-▼ $174,786$161,500$2,854,569
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
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kelly Kozlowski End 12019Vice President$51,375$51,375

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Eagle SecuritySecurity Services500 GRISWOLD ST SUITE 400, Detroit, MI 48226$970,350
Ashcraft LandscapeLandscaping Services10101 LYNDON ST 4, Detroit, MI 48238$524,762
Nksk Events And Productions LLCEvent Programming Services141 W PARKHURST PLACE, Detroit, MI 48203$313,000
Av7 ProductionsAv Production Services145 S LIVERNOIS RD SUITE 134, Rochester, MI 48307$307,209
WetFountain Maintenance10847 SHERMAN WAY, Sun Valley, CA 91352$250,064
Revenue and Support

Revenue Composition

Contributions and Grants
$4,910,992
Program Service Revenue
$1,178,982
Investment Income
$212,591
Other Revenue
$338,970
All Other Contributions
$4,910,992
Change in Net Assets
$135,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,468,591
Revenue Not Reported on Financial Statements
$172,944
Revenue Not Reported on Form 990
$315,185
Other Revenue Adjustments
$172,944
Total Revenue per Audited Statements
$6,783,776
Total Revenue per Form 990
$6,641,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,381,674
Total Fundraising Expense$132,380
Professional Fundraising Fees$124,500
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,365,544-$7,880$5,373,424
Fees for Services Management$446,489$111,622-$558,111
Fees for Services Professional Fundraising--$124,500$124,500
Advertising$5,840$101,512-$107,352
Insurance$68,499--$68,499
Occupancy$45,881--$45,881
Depreciation Depletion$41,800--$41,800
Fees for Services Legal-$16,715-$16,715
Office Expenses-$15,784-$15,784
Travel-$9,883-$9,883
Fees for Services Accounting-$7,040-$7,040
Conferences and Meetings-$4,267-$4,267
Other Expenses$42,126$3,405-$3,405
Information Technology-$3,227-$3,227
Total Functional Expenses$6,016,179$357,615$132,380$6,506,174

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,821,359
Expenses per Audited Statements$6,506,174
Total Expenses per Form 990$6,506,174
Expenses Not Reported on Form 990$315,185
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$124,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiduciary Payable$27,500
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 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Apparatus solutions, inc. Provides financial and hr services to the organization and related organizations. Apparatus solutions is compensated by related organization downtown detroit partnership, inc. For services provided to itself and all related organizations. Paul trulik, treasurer and secretary, is a 80% owner of apparatus solutions. In 2019, apparatus solutions was compensated $360k, out of which approximately $60k was for the services performed by paul trulik.

Form 990, Part VI, Section A, Line 4

On march 7, 2019, detroit 300 conservancy board of directors resolved to change the public charity status of the organization to a type i supporting organization of downtown detroit partnership, and elected to amend the organization's articles of incorporation accordingly.

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 the 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 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
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Gregory
Formed
2001
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
22

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

Landscaping: program service expenses 116,298. Management and general expenses 0. Fundraising expenses 0. Total expenses 116,298. Holiday lighting: program service expenses 349,773. Management and general expenses 0. Fundraising expenses 0. Total expenses 349,773. Park events: program service expenses 514,101. Management and general expenses 0. Fundraising expenses 7,880. Total expenses 521,981. Park maintenance: program service expenses 583,187. Management and general expenses 0. Fundraising expenses 0. Total expenses 583,187. Rink operations/maintenance: program service expenses 218,157. Management and general expenses 0. Fundraising expenses 0. Total expenses 218,157. Security/ambassador services: program service expenses 479,746. Management and general expenses 0. Fundraising expenses 0. Total expenses 479,746. Beacon park programming: program service expenses 3,033,846. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,033,846. Placemaking: program service expenses 70,436. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,436.

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.

PART XI, LINE 2D AND PART XII LINE 2D:

Amount represents rental expenses that are netted against rental revenue on part viii, thus excluded from part ix and included on part viii. Part xi, line 4b: amount represents increase in net assets with restrictions.

Raw XML AppendixShowing 400 of 763 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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IRS990/Form990PartVIISectionAGrp/PersonNm12BENJAMIN S KENNEDY
IRS990/Form990PartVIISectionAGrp/PersonNm13CAMERON H PIGGOTT
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IRS990/Form990PartVIISectionAGrp/PersonNm15BISHOP EDGAR L VANN II
IRS990/Form990PartVIISectionAGrp/PersonNm16PAUL TRULIK
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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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/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.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PLACEMAKING/PARK EVENTS - 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, AND CAPITOL PARK. THE CONSERVANCY PRODUCED OVER 2,000 FREE EVENTS IN DOWNTOWN PARKS AND PUBLIC SPACES
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