Civic Intelligence

Huron Waterloo Pathways Initiative

990 • Fiscal year 2019 • EIN 82-1605735

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 30, 2020

14800 E Old Us-12Chelsea, MI 48118

(734) 502-6654

Siviq Scores

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

Liabilities / Assets

46th percentile

0.12x

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

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

Liabilities / Revenue

38th percentile

0.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

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

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

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

Top Officer Pay

33rd percentile

$84,259

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2019

Assets

$4,182,464

No earlier filing loaded for comparison.

Net Assets

$3,663,427

No earlier filing loaded for comparison.

Liabilities

$519,037

No earlier filing loaded for comparison.

Revenue

$5,414,581

No earlier filing loaded for comparison.

Expenses

$1,772,422

No earlier filing loaded for comparison.

Net Income

$3,642,159

No earlier filing loaded for comparison.

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 2019: $4,182,464Liabilities 2019: $519,037Net Assets 2019: $3,663,4272019Assets 2020: $3,494,796Liabilities 2020: $91,632Net Assets 2020: $3,403,1642020Assets 2021: $4,436,306Liabilities 2021: $56,774Net Assets 2021: $4,379,5322021Assets 2022: $6,633,869Liabilities 2022: $293,591Net Assets 2022: $6,340,2782022Assets 2023: $6,374,160Liabilities 2023: $403,124Net Assets 2023: $5,971,0362023Assets 2024: $5,193,614Liabilities 2024: $200,275Net Assets 2024: $4,993,3392024

Highlighted filing

2019

Assets$4,182,464
Liabilities$519,037
Net Assets$3,663,427

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $5,414,581Expenses 2019: $1,772,422Net Income 2019: $3,642,1592019Revenue 2020: $1,878,322Expenses 2020: $2,138,618Net Income 2020: -$260,2962020Revenue 2021: $2,820,236Expenses 2021: $1,843,868Net Income 2021: $976,3682021Revenue 2022: $4,196,402Expenses 2022: $2,099,294Net Income 2022: $2,097,1082022Revenue 2023: $2,532,927Expenses 2023: $2,901,602Net Income 2023: -$368,6752023Revenue 2024: $3,551,917Expenses 2024: $4,529,560Net Income 2024: -$977,6432024

Highlighted filing

2019

Revenue$5,414,581
Expenses$1,772,422
Net Income$3,642,159
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 30, 2020
Return Version
2019v5.0
Gross Receipts
$5,414,581
Mission and Program Overview

Mission

The huron waterloo pathways initiative (hwpi) is a 501(c)(3) nonprofit organization that is responsible for the private fundraising, community engagement, and ongoing support along the b2b trail. Hwpi's mission is to facilitate the development of non-motorized recreational pathways and help connect the border to border trail to michigan's expanding network of trails. We do this by creating awareness, raising funds, and coordinating efforts of individuals, civic groups, local businesses, and government entities. Hwpi's goal is to engage all members of the community to use the b2b trail segments, which helps create healthy, active, and connected communities.

To faciliate the development of non-motorized recreational pathways, linking them to a growing network of michigan trails. The organization achieves this by creating awareness, raising funds, and coordinating efforts of individuals, civic groups, local business, and government entities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$589,805-
Cash and Non-Interest-Bearing Accounts-$560,532-
Savings and Temporary Cash Investments-$500,216-
Land, Buildings, and Equipment, Net-$497,935-
Prepaid Expenses and Deferred Charges-$79,802-
Accounts Receivable-$3,149-
Investments in Publicly Traded Securities-$1,762-
Total Assets$0$4,182,464▲ $4,182,464
Other Assets Total-$1,949,263-
Liabilities
Accounts Payable and Accrued Expenses-$519,037-
Total Liabilities$0$519,037▲ $519,037
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$3,043,743-
Net Assets With Donor Restrictions-$619,684-
Total Net Assets Fund Balance$0$3,663,427▲ $3,663,427
Total Liabilities and Net Assets / Fund Balance$0$4,182,464▲ $4,182,464

Asset Categories

AssetBook ValueDepreciationBasis
Land$497,935-$497,935
Other Assets Org$1,949,263--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Susan FaulknerExecutive DiFT$79,408$4,851$84,259

Board Members and Trustees

NameTitle
Jeff HardcastleBoard Chair
Tim EderVice Chair
Nancy HedbergEx. COM. Boa
Allan NewmanEx. COM. Mem
Charles BorgsdorfEx. COM. Mem
Christine SteadEx. COM. Mem
Coy VaughnEx. COM. Mem
Erik StallhandskeEx. COM. Mem
Lew KidderEx. COM. Mem
Peter SandersonEx. COM. Mem
Ray PittmanEx. COM. Mem
Bart HammerMember
Becky MurilloMember
Catherine JuonMember
Greg PeterMember
Marc KeezerMember
Mark DrowMember
Matt PegouskieMember
Melissa SundermannMember
Mike CaseyMember
Paul WiklanskiMember
Peter FeeneyMember
Robert StephensMember
Terry TurnerMember
Susie PaisleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,414,078
Program Service Revenue
$0
Investment Income
$503
Other Revenue
$0
All Other Contributions
$5,282,478
Change in Net Assets
$3,642,159

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8,414$488,009Fair Market Value
Clothing and Household Goods-$8,725Sales Price
Total Noncash Contributions8,414$496,734-

Audited Revenue Reconciliation

Revenue per Audited Statements
$691,143
Revenue Not Reported on Financial Statements
$4,723,438
Revenue Not Reported on Form 990
$21,268
Other Revenue Adjustments
$4,723,438
Total Revenue per Audited Statements
$712,411
Total Revenue per Form 990
$5,414,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,600,245
Salaries, Compensation, and Employee Benefits$172,177
Total Fundraising Expense$81,649
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$91,160$40,817$4,083$136,060
Current Officers, Directors, Trustees, and Key Employees$31,763$34,940$12,705$79,408
Other Salaries and Wages$25,634$28,200$10,254$64,088
Fees for Services Accounting$17,713$7,931$793$26,437
Other Employee Benefits$6,460$7,106$2,584$16,150
Fees for Services Management$10,000$4,477$448$14,925
Occupancy-$14,268-$14,268
Information Technology$1,138$5,404$7,679$14,221
Payroll Taxes$5,012$5,514$2,005$12,531
All Other Expenses$4,061$2,893$3,835$10,789
Office Expenses$644$3,060$4,348$8,052
Other Expenses$440$2,090$2,970$5,500
Advertising$70$186$2,064$2,320
Insurance$352$408$524$1,284
Travel$322$674$10$1,006
Total Functional Expenses$1,530,347$160,426$81,649$1,772,422

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,772,422
Total Expenses per Audited Statements$1,772,422
Total Expenses per Form 990$1,772,422
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
Yes
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

The 990 is reviewed by the audit & finance committee and the executive commitee. A copy of the 990 is provided to all members of the board of directors.

Form 990, Page 6, Part VI, Line 12C

Hwpi board members shall perform their duties in a manner free from conflict of interest. To this end, no board member shall use his/her position as a board member to benefit either himself/herself or any other individual or agency apart from the total interest of hwpi. In addition, neither hwpi staff nor contractors involved in the development of bidding specifications on behalf of hwpi shall benefit from transactions of the organization, except as may be specifically approved by the hwpi board of directors. Specifically, no staff member, officer or agent of hwpi shall participate in the selection, award or administration of a contract supported by federal funds if the appearance of a conflict of interest, real or perceived, exists. Hwpi officers, staff members, or agents shall neither solicit nor accept gratuities, favors or anything of significant monetary value from contractors, potential contractors, or parties to sub- agreements. Significant monetary value includes any or all items worth more than 25 on the open market. When a hwpi board member determines that the possibility of a personal interest conflict exists, she/he should, prior to the matter being considered, disclose his/her interest (such disclosure shall become a matter of public record in the minutes of the board), and thereafter shall abstain from participation in both the discussion of the matter and the vote thereon.

Form 990, Page 6, Part VI, Line 15A

The executive director's compensation is determined by the executive committee on behalf of the board of directors. It is reviewed on an annual basis and is determined based on performance, market level for a similarly qualified person in a comparable position at a similarly situated organizaion, and the organization's budget.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Huron Waterloo Pathways Initiative
EIN
82-1605735
Phone
7345026654
Address
14800 E OLD US-12, CHELSEA, MI 48118

Signing Officer

Name
Jeff Hardcastle
Title
Board Chair
Phone
7345026654
Signed
2020-10-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Hardcastle
Formed
2018
Legal Domicile
Mi
Voting Board Members
25
Independent Board Members
25
Employees
3
Volunteers
178

Preparer

Firm
Wsr Certified Public Accountants Pc
Address
167 LITTLE LAKE DRIVE PO BOX 238, ANN ARBOR, MI 48106-2389
Preparer
Tava L Finn
Phone
7346622522
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To faciliate the development of non-motorized recreational pathways, linking them to a growing network of michigan trails. The organization achieves this by creating awareness, raising funds, and coordinating efforts of individuals, civic groups, local business, and government entities.

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Beginning contributions from mff 4,261,659 beginning pledges 461,779

Schedule D, Page 4, Part XIII

Before 2019, huron waterloo pathways initiative was in a fiscal sponsorships with michigan fitness foundation, a 501c3 organization. Huron waterloo pathways initiative became an independent 501c3 organization beginning january 1, 2019. All assets were transferred to huron waterloo pathways initative and is shown as beginning contributions from mff. There were also pledges that were not recorded by mff, but were recorded by huron waterloo pathways initiative. These items are shown as beginning pledges.

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IRS990/Desc0TO FACILITATE THE DEVELOPMENT OF A BORDER-TO-BORDER (B2B) TRAIL SYSTEM AS PART OF THE MICHIGAN IRON BELLE TRAIL, A STATE WIDE TRAIL SYSTEM. THE COMPLETED B2B TRAIL WILL FEATURE THE HURON RIVER GREENWAY WITH EIGHT THEMED BRIDGES SPANNING THE HURON RIVER BETWEEN ANN ARBOR AND DEXTER. THE B2B WILL ALSO EXTEND FROM THE H.R GREENWAY TO CONNECT TO THE LAKELANDS STATE ON WASHTENAW COUNTY'S WESTERN BORDER AND THROUGH ANN ARBOR AND YPSILANTI TO THE EASTERN BORDER. THE B2B SYSTEM IS ALSO A PRIMARY COMPONENT OF THE STATE-WIDE IRON BELL TRAIL SYSTEM. BY CONNECTING AND SHOWCASING OUR COMMUNITIES, THE HURON WATERLOO PATHWAYS INITIATIVE HOPES TO ENCOURAGE HEALTHY AND ACTIVE LIFESYSTLES, WHILE ALSO PROMOTING ECONOMIC DEVELOPMENT.
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