Civic Intelligence

Detroit 300 Conservancy

990 • Fiscal year 2020 • EIN 30-0002873

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 14, 2021

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

36th percentile

0.07x

Higher debt load relative to assets than 36% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.06x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

18th percentile

-12%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$459,297

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

3rd percentile

-22%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-30%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Down

$4,057,904

Down $1,126,480 (-22%) from 2019

Net Assets

Down

$3,774,715

Down $481,358 (-11%) from 2019

Liabilities

Down

$283,189

Down $645,122 (-69%) from 2019

Revenue

Down

$4,623,979

Down $2,017,556 (-30%) from 2019

Expenses

Down

$5,191,723

Down $1,314,451 (-20%) from 2019

Net Income

Down

-$567,744

Down $703,105 (-519%) from 2019

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

2020

Assets$4,057,904
Liabilities$283,189
Net Assets$3,774,715

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

2020

Revenue$4,623,979
Expenses$5,191,723
Net Income-$567,744
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 14, 2021
Return Version
2020v4.1
Gross Receipts
$6,474,494
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$3,488,865$3,477,635▼ $11,230
Accounts Receivable$1,230,953$459,278▼ $771,675
Prepaid Expenses and Deferred Charges$72,606$81,115▲ $8,509
Cash and Non-Interest-Bearing Accounts$391,960$39,876▼ $352,084
Total Assets$5,184,384$4,057,904▼ $1,126,480
Liabilities
Accounts Payable and Accrued Expenses$863,311$243,159▼ $620,152
Deferred Revenue$37,500$25,030▼ $12,470
Other Liabilities$27,500$15,000▼ $12,500
Total Liabilities$928,311$283,189▼ $645,122
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,287,737$1,984,007▼ $303,730
Net Assets With Donor Restrictions$1,968,336$1,790,708▼ $177,628
Total Net Assets Fund Balance$4,256,073$3,774,715▼ $481,358
Total Liabilities and Net Assets / Fund Balance$5,184,384$4,057,904▼ $1,126,480

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$3,488,865-▲ $328,030$300,000$3,477,635
2019$2,854,569-▲ $673,803-$3,488,865
2018$3,229,785-▼ $174,786$161,500$3,488,865
2017$3,014,796-▲ $418,168$164,600$3,229,785
2016$2,946,503-▲ $254,984$150,000$3,014,796
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cynthia J PaskyChairperson
Robert GregoryPresident
Gina CavaliereVice President
Benjamin Kennedy(end 11/2020) Director
Matthew Simoncini(end 11/2020) Director
Laura Grannemann(start 11/2020) Director
Nathaniel L Wallace(start 11/2020) Director
Timothy F Nicholson(start 11/2020) Director
Bishop Edgar L Vann IiDirector
Cameron H PiggottDirector
Christopher IlitchDirector
Dan GilbertDirector
Daniel J LoeppDirector
Gerard M AndersonDirector
Matthew P CullenDirector
Melanca ClarkDirector
Sandy Pierce Start 112020Director
Stacy Fox End 112020Director
Eric B LarsonCEO
Paul TrulikTreasurer/secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Eagle SecuritySecurity Services500 GRISWOLD ST SUITE 400, Detroit, MI 48226$749,192
Ashcraft LandscapeLandscaping Services10101 LYNDON ST 4, Detroit, MI 48238$601,845
Nksk Events And Productions LLCEvent Programming Services141 W PARKHURST PLACE, Detroit, MI 48203$267,000
WetFountain Maintenance10847 SHERMAN WAY, Sun Valley, CA 91352$258,316
Artistic Holiday Designs LLCHoliday Lighting Services205 STEPHEN ST 1ST FLOOR, Lemont, IL 60439$143,286
Revenue and Support

Revenue Composition

Contributions and Grants
$3,777,345
Program Service Revenue
$425,944
Investment Income
$241,645
Other Revenue
$179,045
All Other Contributions
$3,632,345
Change in Net Assets
$-567,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,623,979
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-169,548
Total Revenue per Audited Statements
$4,454,431
Total Revenue per Form 990
$4,623,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,103,723
Professional Fundraising Fees$88,000
Total Fundraising Expense$88,000
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,162,862--$4,162,862
Fees for Services Management$508,003$132,904-$640,907
Fees for Services Professional Fundraising--$88,000$88,000
Insurance$68,160--$68,160
Advertising-$62,859-$62,859
Other Expenses-$39,867-$39,867
Occupancy$39,185--$39,185
Information Technology-$12,511-$12,511
Office Expenses-$12,369-$12,369
Conferences and Meetings-$2,503-$2,503
Total Functional Expenses$4,778,210$325,513$88,000$5,191,723

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,199,803
Expenses per Audited Statements$5,191,723
Total Expenses per Form 990$5,191,723
Expenses Not Reported on Form 990$8,080
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$88,000
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$15,000
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
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
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 2020, apparatus solutions was compensated $374k, out of which approximately $60k was for the services performed by paul trulik.

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
2021-11-14
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
24

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 108,669. Management and general expenses 0. Fundraising expenses 0. Total expenses 108,669. Holiday lighting: program service expenses 342,102. Management and general expenses 0. Fundraising expenses 0. Total expenses 342,102. Park events: program service expenses 368,829. Management and general expenses 0. Fundraising expenses 0. Total expenses 368,829. Park maintenance: program service expenses 555,396. Management and general expenses 0. Fundraising expenses 0. Total expenses 555,396. Rink operations/maintenance: program service expenses 233,165. Management and general expenses 0. Fundraising expenses 0. Total expenses 233,165. Security/ambassador: program service expenses 324,682. Management and general expenses 0. Fundraising expenses 0. Total expenses 324,682. Beacon park programming: program service expenses 2,113,294. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,113,294. Planning: program service expenses 116,725. Management and general expenses 0. Fundraising expenses 0. Total expenses 116,725.

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 - OTHER ADJUSTMENTS:

Rental expenses 1,860. Decrease in net assets with restrictions -177,628.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

RENTAL EXPENSES 1,860.

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 754 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/PersonNm4MELANCA CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm5MATTHEW P CULLEN
IRS990/Form990PartVIISectionAGrp/PersonNm6STACY FOX END 112020
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IRS990/Form990PartVIISectionAGrp/PersonNm10BENJAMIN KENNEDY
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IRS990/Form990PartVIISectionAGrp/PersonNm14MATTHEW SIMONCINI
IRS990/Form990PartVIISectionAGrp/PersonNm15BISHOP EDGAR L VANN II
IRS990/Form990PartVIISectionAGrp/PersonNm16NATHANIEL L WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm17ROBERT GREGORY
IRS990/Form990PartVIISectionAGrp/PersonNm18GINA CAVALIERE
IRS990/Form990PartVIISectionAGrp/PersonNm19PAUL TRULIK
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8(START 11/2020) DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT
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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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02113294
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02665
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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