Civic Intelligence

Monroe Park Conservancy

990 • Fiscal year 2020 • EIN 38-3840559

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 14, 2020

P O Box 25926Richmond, VA 23260

(804) 788-8408

Siviq Scores

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

Liabilities / Assets

98th percentile

3.50x

Higher debt load relative to assets than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

97th percentile

2.77x

Higher debt load relative to revenue than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

25th percentile

-14%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

12th percentile

-36%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

38th percentile

-26%

Faster revenue growth than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$139,064

Down $78,076 (-36%) from 2019

Net Assets

Down

-$347,303

Down $24,628 (-7.6%) from 2019

Liabilities

Down

$486,367

Down $53,448 (-9.9%) from 2019

Revenue

Down

$175,322

Down $62,942 (-26%) from 2019

Expenses

Down

$199,950

Down $302,969 (-60%) from 2019

Net Income

Up

-$24,628

Up $240,027 (+91%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2015: $303,249Liabilities 2015: $0Net Assets 2015: $303,2492015Assets 2016: $1,494,762Liabilities 2016: $16,154Net Assets 2016: $1,478,6082016Assets 2017: $1,098,728Liabilities 2017: $1,295,107Net Assets 2017: -$196,3792017Assets 2018: $1,133,006Liabilities 2018: $1,184,842Net Assets 2018: -$51,8362018Assets 2019: $217,140Liabilities 2019: $539,815Net Assets 2019: -$322,6752019Assets 2020: $139,064Liabilities 2020: $486,367Net Assets 2020: -$347,3032020Assets 2021: $198,983Liabilities 2021: $483,912Net Assets 2021: -$284,9292021Assets 2022: $136,276Liabilities 2022: $422,648Net Assets 2022: -$286,3722022Assets 2023: $70,381Liabilities 2023: $377,342Net Assets 2023: -$306,9612023

Highlighted filing

2020

Assets$139,064
Liabilities$486,367
Net Assets-$347,303

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $256,657Expenses 2015: $79,644Net Income 2015: $177,0132015Revenue 2016: $1,275,699Expenses 2016: $100,339Net Income 2016: $1,175,3602016Revenue 2017: $1,419,233Expenses 2017: $3,094,220Net Income 2017: -$1,674,9872017Revenue 2018: $454,189Expenses 2018: $309,646Net Income 2018: $144,5432018Revenue 2019: $238,264Expenses 2019: $502,919Net Income 2019: -$264,6552019Revenue 2020: $175,322Expenses 2020: $199,950Net Income 2020: -$24,6282020Revenue 2021: $114,935Expenses 2021: $52,562Net Income 2021: $62,3732021Revenue 2022: $64,488Expenses 2022: $65,930Net Income 2022: -$1,4422022Revenue 2023: $5,542Expenses 2023: $26,133Net Income 2023: -$20,5912023

Highlighted filing

2020

Revenue$175,322
Expenses$199,950
Net Income-$24,628
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 14, 2020
Return Version
2019v5.1
Gross Receipts
$278,376
Mission and Program Overview

Mission

The monroe park conservancy was formed to raise money to restore historic monroe park in richmond, virginia. This is a public and private partnership with the city of richmond and virginia commonwealth university. As of 6/30/19 construction on the park is complete and the park is open to the public.

To administer the restoration, enhancement and operation of richmond's monroe park-a historic landmark with cultural, environmental and recreational significance to the city of richmond, vcu, area residents and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$69,964$61,598▼ $8,366
Savings and Temporary Cash Investments$47,175$0▼ $47,175
Pledges and Grants Receivable$53,092$42,728▼ $10,364
Cash and Non-Interest-Bearing Accounts$44,418$32,244▼ $12,174
Prepaid Expenses and Deferred Charges$2,491$2,494▲ $3
Total Assets$217,140$139,064▼ $78,076
Liabilities
Unsecured Notes Loans Payable$530,414$480,994▼ $49,420
Other Liabilities$5,831$3,761▼ $2,070
Accounts Payable and Accrued Expenses$3,570$1,612▼ $1,958
Total Liabilities$539,815$486,367▼ $53,448
Net Assets / Fund Balance
Net Assets With Donor Restrictions$104,232$50,728▼ $53,504
Net Assets Without Donor Restrictions$-426,907$-398,031▲ $28,876
Total Net Assets Fund Balance$-322,675$-347,303▼ $24,628
Total Liabilities and Net Assets / Fund Balance$217,140$139,064▼ $78,076

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$61,598$75,490$137,088
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alice Mcguire MassiePRESIDENT; DIRECTOR
John W Bates IiiVice President
Charles KlinkDirector
Christopher FrelkeDirector
Jeff EastmanDirector
Kimberly GrayDirector
Lisa MessingerDirector
Samuel HaisleyDirector
Shunda GilesDirector
James C HillSecretary
Isaiah HarvinStudent Representative
Matthew StanleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$170,037
Program Service Revenue
$6,329
Investment Income
$-1,044
Other Revenue
$0
All Other Contributions
$170,037
Change in Net Assets
$-24,628

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded6$30,665Fair Market Value (FMV)
Total Noncash Contributions6$30,665-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,366
Salaries, Compensation, and Employee Benefits$39,334
Total Fundraising Expense$24,558
Professional Fundraising Fees$17,250
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$18,270$10,961$7,308$36,539
Depreciation Depletion$25,521--$25,521
Interest-$22,469-$22,469
Fees for Services Professional Fundraising--$17,250$17,250
Fees for Services Accounting-$15,600-$15,600
Office Expenses-$4,982-$4,982
Insurance-$3,656-$3,656
Information Technology-$3,130-$3,130
Payroll Taxes-$2,795-$2,795
Other Expenses$937--$937
Travel-$738-$738
Fees for Services Legal-$512-$512
Total Functional Expenses$110,549$64,843$24,558$199,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$17,250
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$3,761
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 A, Line 1

The conservancy's by-laws authorize its executive committee to take any actions the board can take when the board is not in session. All members of the executive committee, including the president, treasurer and secretary, and a nominee of the mayor of the city of richmond, were members of the board at the end of the conservancy's fiscal year.

Form 990, Part VI, Section A, Line 2

Business relationships. The conservancy's by-laws require that two directors are nominees of the city of richmond, virginia, and virginia commonwealth university. Both are instrumentalities of the commonwealth of virginia. At the end of the conservancy's fiscal year, two members of the board were employed by virginia commonwealth university and three by the city of richmond.

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

Form 990 was sent and reviewed by the board prior to filing.

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

Each officer and director is required to sign an annual statement that he or she has received, read, and understands and agrees to comply with the policy. When a potential conflict is presented, an independent committee of the board is appointed by the president to consider and approve or not approve the transaction. Written records are kept of any such deliberations.

Form 990, Part VI, Section C, Line 19

It is our policy to disclose or make available information required to be disclosed upon request, other than confidential donor information.

Filing and Contact Details

Filer

Filer Name
Monroe Park Conservancy
EIN
38-3840559
Phone
8047888408
Address
P O BOX 25926, RICHMOND, VA 23260

Signing Officer

Name
Alice Mcguire Massie
Title
President
Phone
8045163233
Signed
2020-10-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alice Mcguire Massie
Formed
2011
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
0

Preparer

Firm
Lane & Associates Pc
Address
2839 HATHAWAY ROAD, RICHMOND, VA 23225
Preparer
Meda S Lane
Phone
8042727421
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IRS990/ProgSrvcAccomActy2Grp/Desc0NOT APPLICABLE
IRS990/ProgSrvcAccomActy3Grp/Desc0NOT APPLICABLE
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0238719
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-455
IRS990/PYOtherExpensesAmt0488815
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-264655
IRS990/PYSalariesCompEmpBnftPaidAmt012421
IRS990/PYTotalExpensesAmt0502919
IRS990/PYTotalProfFndrsngExpnsAmt01683
IRS990/PYTotalRevenueAmt0238264
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-24628
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06329
IRS990/SavingsAndTempCashInvstGrp/BOYAmt047175
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0170037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0238719
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0454669
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01418769
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01271616
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03553810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0452
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0771
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04501
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt05724
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02810
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03519
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03519
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99740
IRS990ScheduleA/PublicSupportPY170Pct00.98090
IRS990ScheduleA/PublicSupportTotal170Amt03553810
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0170037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0238719
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0454669
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01418769
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01271616
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03553810
IRS990ScheduleA/TotalSupportAmt03563053
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt061598
IRS990ScheduleD/EquipmentGrp/DepreciationAmt075490
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0137088
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03761
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt061598
IRS990ScheduleD/TotalLiabilityAmt03761
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING & GRANT PROPOSALS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0-17250
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0THE MONUMENT GROUP
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt017250
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0513 N ARTHUR ASHE BLVD
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd023220
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/PhoneSolicitationsInd0X
IRS990ScheduleG/TotalNetToOrganizationAmt0-17250
IRS990ScheduleG/TotalRetainedByContractorsAmt017250
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt06
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt030665
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CONSERVANCY'S BY-LAWS AUTHORIZE ITS EXECUTIVE COMMITTEE TO TAKE ANY ACTIONS THE BOARD CAN TAKE WHEN THE BOARD IS NOT IN SESSION. ALL MEMBERS OF THE EXECUTIVE COMMITTEE, INCLUDING THE PRESIDENT, TREASURER AND SECRETARY, AND A NOMINEE OF THE MAYOR OF THE CITY OF RICHMOND, WERE MEMBERS OF THE BOARD AT THE END OF THE CONSERVANCY'S FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BUSINESS RELATIONSHIPS. THE CONSERVANCY'S BY-LAWS REQUIRE THAT TWO DIRECTORS ARE NOMINEES OF THE CITY OF RICHMOND, VIRGINIA, AND VIRGINIA COMMONWEALTH UNIVERSITY. BOTH ARE INSTRUMENTALITIES OF THE COMMONWEALTH OF VIRGINIA. AT THE END OF THE CONSERVANCY'S FISCAL YEAR, TWO MEMBERS OF THE BOARD WERE EMPLOYED BY VIRGINIA COMMONWEALTH UNIVERSITY AND THREE BY THE CITY OF RICHMOND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WAS SENT AND REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH OFFICER AND DIRECTOR IS REQUIRED TO SIGN AN ANNUAL STATEMENT THAT HE OR SHE HAS RECEIVED, READ, AND UNDERSTANDS AND AGREES TO COMPLY WITH THE POLICY. WHEN A POTENTIAL CONFLICT IS PRESENTED, AN INDEPENDENT COMMITTEE OF THE BOARD IS APPOINTED BY THE PRESIDENT TO CONSIDER AND APPROVE OR NOT APPROVE THE TRANSACTION. WRITTEN RECORDS ARE KEPT OF ANY SUCH DELIBERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT IS OUR POLICY TO DISCLOSE OR MAKE AVAILABLE INFORMATION REQUIRED TO BE DISCLOSED UPON REQUEST, OTHER THAN CONFIDENTIAL DONOR INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0217140
IRS990/TotalAssetsEOYAmt0139064
IRS990/TotalAssetsGrp/BOYAmt0217140
IRS990/TotalAssetsGrp/EOYAmt0139064
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0170037
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt024558
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0110549
IRS990/TotalFunctionalExpensesGrp/TotalAmt0199950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0539815
IRS990/TotalLiabilitiesEOYAmt0486367
IRS990/TotalLiabilitiesGrp/BOYAmt0539815
IRS990/TotalLiabilitiesGrp/EOYAmt0486367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-322675
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-347303
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0110549
IRS990/TotalProgramServiceRevenueAmt06329
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-1044
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06329
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175322
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0217140

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