Civic Intelligence

Treetops Collective

990 • Fiscal year 2020 • EIN 81-2864199

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

906 Division Ave SWGrand Rapids, MI 49507

(616) 389-0117

Siviq Scores

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

Liabilities / Assets

78th percentile

0.43x

Higher debt load relative to assets than 78% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.90x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

76th percentile

23%

Higher net margin than 76% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$60,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

72nd percentile

20%

Faster asset growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

89th percentile

61%

Faster revenue growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,398,145

Up $234,653 (+20%) from 2019

Net Assets

Up

$790,693

Up $158,514 (+25%) from 2019

Liabilities

Up

$607,452

Up $76,139 (+14%) from 2019

Revenue

Up

$677,858

Up $256,123 (+61%) from 2019

Expenses

Up

$519,344

Up $4,263 (+0.8%) from 2019

Net Income

Up

$158,514

Up $251,860 (+270%) from 2019

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $57,394Liabilities 2017: $7,060Net Assets 2017: $50,3342017Assets 2018: $1,258,028Liabilities 2018: $532,503Net Assets 2018: $725,5252018Assets 2019: $1,163,492Liabilities 2019: $531,313Net Assets 2019: $632,1792019Assets 2020: $1,398,145Liabilities 2020: $607,452Net Assets 2020: $790,6932020Assets 2021: $1,496,913Liabilities 2021: $515,378Net Assets 2021: $981,5352021Assets 2022: $2,002,234Liabilities 2022: $528,631Net Assets 2022: $1,473,6032022Assets 2023: $2,155,616Liabilities 2023: $523,150Net Assets 2023: $1,632,4662023Assets 2024: $2,422,169Liabilities 2024: $490,495Net Assets 2024: $1,931,6742024

Highlighted filing

2020

Assets$1,398,145
Liabilities$607,452
Net Assets$790,693

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $146,312Expenses 2017: $103,919Net Income 2017: $42,3932017Revenue 2018: $945,438Expenses 2018: $273,489Net Income 2018: $671,9492018Revenue 2019: $421,735Expenses 2019: $515,081Net Income 2019: -$93,3462019Revenue 2020: $677,858Expenses 2020: $519,344Net Income 2020: $158,5142020Revenue 2021: $847,979Expenses 2021: $657,137Net Income 2021: $190,8422021Revenue 2022: $1,297,025Expenses 2022: $804,957Net Income 2022: $492,0682022Revenue 2023: $1,274,645Expenses 2023: $1,115,782Net Income 2023: $158,8632023Revenue 2024: $1,626,295Expenses 2024: $1,327,087Net Income 2024: $299,2082024

Highlighted filing

2020

Revenue$677,858
Expenses$519,344
Net Income$158,514
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 14, 2021
Return Version
2020v4.1
Gross Receipts
$697,264
Mission and Program Overview

Mission

To connect new American women with people and opportunities in their new community so they can put their roots down deep and stand tall for generations to come

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$942,925$893,705▼ $49,220
Cash and Non-Interest-Bearing Accounts$168,617$390,774▲ $222,157
Prepaid Expenses and Deferred Charges$11,973$51,803▲ $39,830
Inventories for Sale or Use$35,726$50,830▲ $15,104
Accounts Receivable$4,251$11,033▲ $6,782
Total Assets$1,163,492$1,398,145▲ $234,653
Liabilities
Mortgage Notes Payable Secured by Investment Property$500,000$562,000▲ $62,000
Accounts Payable and Accrued Expenses$31,213$45,252▲ $14,039
Deferred Revenue$100$200▲ $100
Total Liabilities$531,313$607,452▲ $76,139
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$628,338$749,815▲ $121,477
Net Assets With Donor Restrictions$3,841$40,878▲ $37,037
Total Net Assets Fund Balance$632,179$790,693▲ $158,514
Total Liabilities and Net Assets / Fund Balance$1,163,492$1,398,145▲ $234,653

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$859,450$108,945$968,395
Land$31,722-$31,722
Equipment$2,533$1,466$3,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tarah CarnahanExecutive DirectorFT$60,000$60,000

Board Members and Trustees

NameTitle
Laura Hofman WatrousBoard President
Olayinka OpeVice President
Edna MbangukiraDirector
Kate BrubakerDirector
Roland NyamogaDirector
Tiffany PageDirector
Yadira Garza-MaloneSecretary
Scott ZylstraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$531,034
Program Service Revenue
$66,895
Investment Income
$242
Other Revenue
$79,687
All Other Contributions
$428,686
Change in Net Assets
$158,514

Audited Revenue Reconciliation

Revenue per Audited Statements
$677,858
Revenue Not Reported on Form 990
$2,092
Total Revenue per Audited Statements
$679,950
Total Revenue per Form 990
$677,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$263,733
Salaries, Compensation, and Employee Benefits$255,611
Total Fundraising Expense$65,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$113,216$40,744$41,651$195,611
Current Officers, Directors, Trustees, and Key Employees$34,727$12,497$12,776$60,000
Depreciation Depletion$1,866$47,354$0$49,220
Occupancy$23,674$10,586$0$34,260
All Other Expenses$19,941$9,222$1,268$30,431
Other Expenses$17,686$0$0$17,686
Fees for Services Other$7,404$8,498$893$16,795
Interest$11,250$1,250$0$12,500
Information Technology$3,940$534$3,550$8,024
Insurance$0$5,620$0$5,620
Advertising$1,556$0$1,890$3,446
Travel$623$257$0$880
Conferences and Meetings$281$432$129$842
Total Functional Expenses$311,779$142,079$65,486$519,344

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$521,436
Expenses per Audited Statements$519,344
Total Expenses per Form 990$519,344
Expenses Not Reported on Form 990$2,092
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,773
Fundraising Direct Expenses$2,092
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cocktails for the Collective$24,773$14,773$2,092$12,681
Total Events$24,773$14,773$2,092$12,681
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Treetops Collective
EIN
81-2864199
Phone
6163890117
Address
906 Division Ave SW, Grand Rapids, MI 49507

Signing Officer

Name
Tarah Carnahan
Title
Executive Director
Phone
6163890117
Signed
2021-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tarah Carnahan
Formed
2017
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
66

Preparer

Firm
Vredeveld Haefner LLC
Address
10302 20TH AVE NW, GRAND RAPIDS, MI 49534
Preparer
Michael J Vredeveld
Phone
6166488447
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the 990 is provided to the Executive Director, the Finance Committee, and the Board of Directors for review and approval prior to filing the 990.

Pt VI, Line 12C

When Board members join, they sign a conflict of interest policy which is reviewed annually by the Board of Directors and the Finance Committee.

Pt VI, Line 15A

Other Organizations in the area with a similar budget were reviewed to determine appropriate compensation.

Pt VI, Line 15B

Other Organizations in the area with a similar budget were reviewed to determine appropriate compensation.

Financial Statement Notes

Pt XI, Line 2D

Fundraising event expenses are reported as expenses on the financial statements but included as a revenue reduction on the 990.

Pt XII, Line 2D

Fundraising event expenses are reported as expenses on the financial statements but included as a revenue reduction on the 990.

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IRS990/OtherExpensesGrp/ProgramServicesAmt212000
IRS990/OtherExpensesGrp/ProgramServicesAmt317686
IRS990/OtherExpensesGrp/TotalAmt028317
IRS990/OtherExpensesGrp/TotalAmt143712
IRS990/OtherExpensesGrp/TotalAmt212000
IRS990/OtherExpensesGrp/TotalAmt317686
IRS990/OtherRevenueMiscGrp/BusinessCd0813319
IRS990/OtherRevenueMiscGrp/Desc0Other revenue
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt03642
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03642
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt03642
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt041651
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040744
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0113216
IRS990/OtherSalariesAndWagesGrp/TotalAmt0195611
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011973
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt051803
IRS990/PrincipalOfficerNm0Tarah Carnahan
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rent
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt066895
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt066895
IRS990/ProgSrvcAccomActy2Grp/Desc0Social Enterprise - Treetops Collective's Social Enterprise provides a fair wage to refugee women and teen girls who are making and selling our goods. Although this initiative fits in to our priority of economic development, it also serves as an engagement tool for our broader community who get to see the skills and talents refugees are bringing to our community; this flips the dominant narrative that refugees take from their communities of resettlement, when in fact, they add both cultural and economic prosperity. In 2020, 3 refugee women were employed or engaged in contract work and 8 teens had an internship.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0152132
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt080678
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0321284
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08986
IRS990/PYOtherExpensesAmt0229981
IRS990/PYOtherRevenueAmt016700
IRS990/PYProgramServiceRevenueAmt074765
IRS990/PYRevenuesLessExpensesAmt0-93346
IRS990/PYSalariesCompEmpBnftPaidAmt0285100
IRS990/PYTotalExpensesAmt0515081
IRS990/PYTotalRevenueAmt0421735
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0158514
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0531034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0321284
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0871817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0129599
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01853734
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0242
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt041736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06644
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048622
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0306349
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01853734
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0531034
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0321284
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0871817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0129599
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01853734
IRS990ScheduleA/TotalSupportAmt01947242
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt022646
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt018132
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt04108
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt044886
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0859450
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0108945
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0968395
IRS990ScheduleD/EquipmentGrp/BookValueAmt02533
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01466
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03999
IRS990ScheduleD/ExpensesNotReportedAmt02092
IRS990ScheduleD/ExpensesSubtotalAmt0519344
IRS990ScheduleD/LandGrp/BookValueAmt031722
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031722
IRS990ScheduleD/OtherExpensesIncludedAmt02092
IRS990ScheduleD/OtherRevenueAmt02092
IRS990ScheduleD/RevenueNotReportedAmt02092
IRS990ScheduleD/RevenueSubtotalAmt0677858
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Fundraising event expenses are reported as expenses on the financial statements but included as a revenue reduction on the 990.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Fundraising event expenses are reported as expenses on the financial statements but included as a revenue reduction on the 990.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0893705
IRS990ScheduleD/TotalExpensesPerForm990Amt0519344
IRS990ScheduleD/TotalRevenuePerForm990Amt0677858
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0679950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0521436
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt010000
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt010000
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02092
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Cocktails for the Collective
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024773
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt024773
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt014773
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt014773
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt012681
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02092
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02092
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is provided to the Executive Director, the Finance Committee, and the Board of Directors for review and approval prior to filing the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1When Board members join, they sign a conflict of interest policy which is reviewed annually by the Board of Directors and the Finance Committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Other Organizations in the area with a similar budget were reviewed to determine appropriate compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Other Organizations in the area with a similar budget were reviewed to determine appropriate compensation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b

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