Civic Intelligence

Decatur Parks Foundation Inc

990 • Fiscal year 2018 • EIN 37-1098847

May 01, 2017 to Apr 30, 2018 • Filed on Nov 02, 2018

Refreshing map…

620 East Riverside AvenueDecatur, IL 62521

(217) 422-5911

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.05x

Higher debt load relative to assets than 33% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.79x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

1st percentile

-461%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

27th percentile

$66,509

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 16.5% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

4th percentile

-21%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-94%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$6,145,030

Down $1,615,416 (-21%) from 2017

Net Assets

Down

$5,825,895

Down $1,863,277 (-24%) from 2017

Liabilities

Up

$319,135

Up $247,861 (+348%) from 2017

Revenue

Down

$404,065

Down $6,017,009 (-94%) from 2017

Expenses

Up

$2,267,342

Up $1,600,583 (+240%) from 2017

Net Income

Down

-$1,863,277

Down $7,617,592 (-132%) from 2017

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$0Assets 2012: $1,871,428Liabilities 2012: $6,347Net Assets 2012: $1,865,0812012Assets 2013: $2,048,583Liabilities 2013: $20,284Net Assets 2013: $2,028,2992013Assets 2014: $1,352,441Liabilities 2014: $1,255Net Assets 2014: $1,351,1862014Assets 2015: $1,481,126Liabilities 2015: $53,909Net Assets 2015: $1,427,2172015Assets 2016: $1,950,575Liabilities 2016: $15,718Net Assets 2016: $1,934,8572016Assets 2017: $7,760,446Liabilities 2017: $71,274Net Assets 2017: $7,689,1722017Assets 2018: $6,145,030Liabilities 2018: $319,135Net Assets 2018: $5,825,8952018Assets 2019: $1,017,681Liabilities 2019: $17,960Net Assets 2019: $999,7212019Assets 2020: $1,269,409Liabilities 2020: $61,421Net Assets 2020: $1,207,9882020Assets 2022: $1,401,240Liabilities 2022: $19,409Net Assets 2022: $1,381,8312022Assets 2025: $2,408,976Liabilities 2025: $29,266Net Assets 2025: $2,379,7102025

Highlighted filing

2018

Assets$6,145,030
Liabilities$319,135
Net Assets$5,825,895

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2012: $134,8822012Expenses 2013: $142,7662013Revenue 2014: $426,168Expenses 2014: $1,103,975Net Income 2014: -$677,8072014Revenue 2015: $332,258Expenses 2015: $256,227Net Income 2015: $76,0312015Revenue 2016: $706,565Expenses 2016: $198,925Net Income 2016: $507,6402016Revenue 2017: $6,421,074Expenses 2017: $666,759Net Income 2017: $5,754,3152017Revenue 2018: $404,065Expenses 2018: $2,267,342Net Income 2018: -$1,863,2772018Revenue 2019: $464,654Expenses 2019: $5,290,828Net Income 2019: -$4,826,1742019Revenue 2020: $459,276Expenses 2020: $251,009Net Income 2020: $208,2672020Revenue 2022: $314,142Expenses 2022: $317,391Net Income 2022: -$3,2492022Revenue 2025: $860,365Expenses 2025: $546,816Net Income 2025: $313,5492025

Highlighted filing

2018

Revenue$404,065
Expenses$2,267,342
Net Income-$1,863,277
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$404,065
Mission and Program Overview

Mission

To benefit the decatur park district

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$6,341,594$5,733,711▼ $607,883
Land, Buildings, and Equipment, Net$271,000$271,000→ $0
Cash and Non-Interest-Bearing Accounts$554,081$103,056▼ $451,025
Pledges and Grants Receivable$8,000$8,600▲ $600
Accounts Receivable$4,263$4,361▲ $98
Prepaid Expenses and Deferred Charges$5,062$4,292▼ $770
Total Assets$7,760,446$6,145,030▼ $1,615,416
Other Assets Total$576,446$20,010▼ $556,436
Liabilities
Other Liabilities$32,354$304,428▲ $272,074
Deferred Revenue$20,854$14,500▼ $6,354
Accounts Payable and Accrued Expenses$18,066$207▼ $17,859
Total Liabilities$71,274$319,135▲ $247,861
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,589,028$5,643,641▼ $1,945,387
Unrestricted Net Assets$100,144$182,254▲ $82,110
Total Net Assets Fund Balance$7,689,172$5,825,895▼ $1,863,277
Total Liabilities and Net Assets / Fund Balance$7,760,446$6,145,030▼ $1,615,416

Asset Categories

AssetBook ValueDepreciationBasis
Land$271,000-$271,000
Other Securities$905,184--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jill ApplebeeFoundation DFT$66,509$66,509

Board Members and Trustees

NameTitle
Jim SchwarzPresident
Brandy BrownDirector
Brian ByersDirector
Bruce NimsDirector
Cindy DeadrickDirector
Dr Stephen HussDirector
Erv ArendsDirector
Jim NeffDirector
Judith LockeDirector
Kara Demirjian-hussDirector
Kara JohnstonDirector
Kitty MccarthyDirector
Michelle ReynoldsDirector
Natalie BeckDirector
Tom HostetlerDirector
Chris RileyPark Board L
Stacey YoungPark Board L
Mindy ChadwickSecretary
Rod SchanefeltTreasurer
Dr William Van AlstineVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$338,994
Program Service Revenue
$0
Investment Income
$65,071
Other Revenue
$0
All Other Contributions
$243,866
Change in Net Assets
$-1,863,277

Audited Revenue Reconciliation

Revenue per Audited Statements
$404,065
Total Revenue per Audited Statements
$404,065
Total Revenue per Form 990
$404,065
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,220,175
Other Expenses$47,167
Total Fundraising Expense$8,887
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,220,175--$2,220,175
Office Expenses-$3,019$8,887$11,906
Conferences and Meetings-$4,020-$4,020
Fees for Services Accounting-$4,000-$4,000
Other Expenses$15,355$1,021-$1,021
Fees for Services Other-$433-$433
Total Functional Expenses$2,235,530$22,925$8,887$2,267,342

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,267,342
Total Expenses per Audited Statements$2,267,342
Total Expenses per Form 990$2,267,342
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Decatur Park DistrictDecatur, IL-Assist With Projects$2,220,175
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Zoo-rific Fundr$59,898---
Scovill Zoo Ope$28,964---
Total Events$95,128---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Decatur Park District$304,428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Draft copy of 990 is given to assistant treasurer for review and approval prior to filing of return. Form 990 is later given to the board as well.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Decatur Parks Foundation Inc
EIN
37-1098847
Phone
2174225911
Address
620 EAST RIVERSIDE AVENUE, DECATUR, IL 62521

Signing Officer

Name
Jim Schwarz
Title
President
Phone
2174225911
Signed
2018-11-02

Organization Details

Principal Officer
Jim Schwarz
Formed
1981
Legal Domicile
Il
Voting Board Members
20
Independent Board Members
20
Employees
0
Volunteers
20

Preparer

Firm
May Cocagne & King Pc
Address
1353 E MOUND RD SUITE 300, DECATUR, IL 62526
Preparer
Cathy J Mansur
Phone
2178752655
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Various other park programs including golf, police and dog park. Majority of expenses are paid from funds received from a trust and can be used for various park programs and improvements.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DECATUR PARK DISTRICT
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0RAYMOND JAMES INVESTMENTS
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