Civic Intelligence

Huron Waterloo Pathways Initiative

990 • Fiscal year 2020 • EIN 82-1605735

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

14800 E Old US Hwy 12Chelsea, MI 48118

(734) 604-0117

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

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

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

Liabilities / Revenue

33rd percentile

0.05x

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

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

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

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

Top Officer Pay

74th percentile

$113,202

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

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

Asset Growth

6th percentile

-16%

Faster asset growth than 6% of similar nonprofits.

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

Revenue Growth

4th percentile

-65%

Faster revenue growth than 4% of similar nonprofits.

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

Assets

Down

$3,494,796

Down $687,668 (-16%) from 2019

Net Assets

Down

$3,403,164

Down $260,263 (-7.1%) from 2019

Liabilities

Down

$91,632

Down $427,405 (-82%) from 2019

Revenue

Down

$1,878,322

Down $3,536,259 (-65%) from 2019

Expenses

Up

$2,138,618

Up $366,196 (+21%) from 2019

Net Income

Down

-$260,296

Down $3,902,455 (-107%) from 2019

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

2020

Assets$3,494,796
Liabilities$91,632
Net Assets$3,403,164

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

2020

Revenue$1,878,322
Expenses$2,138,618
Net Income-$260,296
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 14, 2021
Return Version
2020v4.0
Gross Receipts
$1,949,235
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$589,805$1,432,759▲ $842,954
Cash and Non-Interest-Bearing Accounts$560,532$946,124▲ $385,592
Savings and Temporary Cash Investments$500,216$500,601▲ $385
Land, Buildings, and Equipment, Net$497,935$497,935→ $0
Prepaid Expenses and Deferred Charges$79,802$117,377▲ $37,575
Accounts Receivable$3,149--
Investments in Publicly Traded Securities$1,762--
Total Assets$4,182,464$3,494,796▼ $687,668
Other Assets Total$1,949,263--
Liabilities
Accounts Payable and Accrued Expenses$519,037$91,632▼ $427,405
Total Liabilities$519,037$91,632▼ $427,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,043,743$1,957,741▼ $1,086,002
Net Assets With Donor Restrictions$619,684$1,445,423▲ $825,739
Total Net Assets Fund Balance$3,663,427$3,403,164▼ $260,263
Total Liabilities and Net Assets / Fund Balance$4,182,464$3,494,796▼ $687,668

Asset Categories

AssetBook ValueDepreciationBasis
Land$497,935-$497,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Susan FaulknerEx. Dir.,nonFT$113,202$113,202

Board Members and Trustees

NameTitle
Jeff HardcastleBoard Chair
Larry DeckEx. COM Memb
Roy TownsendEx. COM Memb
Al NewmanEx. COM. Mem
Charles BorgsdorfEx. COM. Mem
Christine SteadEx. COM. Mem
Coy VaughnEx. COM. Mem
Erik StalhandskeEx. COM. Mem
Lew KidderEx. COM. Mem
Nancy HedbergEx. COM. Mem
Peter SandersonEx. COM. Mem
Ray PittmanEx. COM. Mem
Bart HammerMember
Becky MurilloMember
Catherine JuonMember
Marc KeezerMember
Mark DrowMember
Melissa SundermannMember
Mike CaseyMember
Paul WiklanskiMember
Peter FeeneyMember
Robert StephensMember
Terry TurnerMember
Tim EderMember
Matt PegouskieNon-voting M
Susie PaisleyTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$1,834,867
Program Service Revenue
$0
Investment Income
$4,876
Other Revenue
$38,579
All Other Contributions
$1,619,039
Change in Net Assets
$-260,296

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 Traded11$71,168Fair Market Value
Total Noncash Contributions11$71,168-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,878,322
Revenue Not Reported on Form 990
$14,301
Total Revenue per Audited Statements
$1,892,623
Total Revenue per Form 990
$1,878,322
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,876,392
Salaries, Compensation, and Employee Benefits$262,226
Total Fundraising Expense$43,592
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,446$51,592$12,612$114,650
Current Officers, Directors, Trustees, and Key Employees$49,809$50,940$12,452$113,201
Fees for Services Other$16,176$15,852$324$32,352
Fees for Services Accounting$15,944$15,624$319$31,887
Payroll Taxes$8,157$8,343$2,039$18,539
Other Employee Benefits$6,968$7,129$1,739$15,836
Office Expenses$4,128$1,876$6,504$12,508
Information Technology$2,399$4,424$3,173$9,996
Advertising$253$1,556$137$1,946
All Other Expenses$932$590$328$1,850
Other Expenses$747$732$15$1,494
Insurance$172$1,053$93$1,318
Travel$5$375$83$463
Total Functional Expenses$1,932,675$162,351$43,592$2,138,618

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,152,886
Expenses per Audited Statements$2,138,618
Total Expenses per Form 990$2,138,618
Expenses Not Reported on Form 990$14,268
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 18

GUIDESTAR

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
7346040117
Address
14800 E OLD US HWY 12, CHELSEA, MI 48118

Signing Officer

Name
Jeff Hardcastle
Title
Board Chair
Phone
7345026654
Signed
2021-10-14
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
5

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

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.

Form 990, Part XI, Line 9

In-kind donated facilities -14,268

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IRS990/MissionDesc0THE 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.
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