Civic Intelligence

Huron Waterloo Pathways Initiative

990 • Fiscal year 2023 • EIN 82-1605735

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 30, 2024

339 E Liberty StAnn Arbor, MI 48104

(678) 632-4534

Siviq Scores

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

Liabilities / Assets

38th percentile

0.06x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.16x

Higher debt load relative to revenue than 48% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

36th percentile

$94,500

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

19th percentile

-3.9%

Faster asset growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

9th percentile

-40%

Faster revenue growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Down

$6,374,160

Down $259,709 (-3.9%) from 2022

Net Assets

Down

$5,971,036

Down $369,242 (-5.8%) from 2022

Liabilities

Up

$403,124

Up $109,533 (+37%) from 2022

Revenue

Down

$2,532,927

Down $1,663,475 (-40%) from 2022

Expenses

Up

$2,901,602

Up $802,308 (+38%) from 2022

Net Income

Down

-$368,675

Down $2,465,783 (-118%) from 2022

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

2023

Assets$6,374,160
Liabilities$403,124
Net Assets$5,971,036

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

2023

Revenue$2,532,927
Expenses$2,901,602
Net Income-$368,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2024
Return Version
2023v5.0
Gross Receipts
$2,567,273
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.

The huron waterloo pathways initiative's mission is to facilitate the development of non-motorized recreational pathways and to help link michigan's growing network of trails.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$3,550,382$3,134,651▼ $415,731
Savings and Temporary Cash Investments$1,002,693$1,845,719▲ $843,026
Cash and Non-Interest-Bearing Accounts$1,976,128$1,151,060▼ $825,068
Land, Buildings, and Equipment, Net$100,000$100,000→ $0
Prepaid Expenses and Deferred Charges$4,666$5,633▲ $967
Total Assets$6,633,869$6,374,160▼ $259,709
Other Assets Total-$137,097-
Liabilities
Other Liabilities-$333,119-
Accounts Payable and Accrued Expenses$293,591$70,005▼ $223,586
Total Liabilities$293,591$403,124▲ $109,533
Net Assets / Fund Balance
Net Assets With Donor Restrictions$4,664,333$3,556,261▼ $1,108,072
Net Assets Without Donor Restrictions$1,675,945$2,414,775▲ $738,830
Total Net Assets Fund Balance$6,340,278$5,971,036▼ $369,242
Total Liabilities and Net Assets / Fund Balance$6,633,869$6,374,160▼ $259,709

Asset Categories

AssetBook ValueDepreciationBasis
Land$100,000-$100,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christopher HampEx. Dir., NoFT$94,500$94,500
Mackenzie WisniewskiAst Dir., NoFT$93,167$93,167

Board Members and Trustees

NameTitle
Christine SteadBoard Chair
Erik StahlhandskeVice Chair
Susan FaulknerVice Chair
Charles BorgsdorfEx. COM. Mem
Coy VaughnEx. COM. Mem
Jeff Hardcastle Left 2023Ex. COM. Mem
Larry DeckEx. COM. Mem
Lew KidderEx. COM. Mem
Lisa WozniakEx. COM. Mem
Matt Wixson Joined 2023Ex. COM. Mem
Paul DimondEx. COM. Mem
Peter SandersonEx. COM. Mem
Bart HammerMember
Becky MurilloMember
Mark DrowMember
Matt PegouskieMember
Melissa SundermannMember
Mike CaseyMember
Paul WiklanskiMember
Peter FeeneyMember
Robert StephensMember
Tim EderMember
Allan NewmanSecretary
Susie PaisleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,543,521
Program Service Revenue
$0
Investment Income
$15,709
Other Revenue
$-26,303
All Other Contributions
$2,496,547
Change in Net Assets
$-368,675

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 Amount
Securities Publicly Traded1$26,386
Other Non Cash Contri Table1$20,703
Total Noncash Contributions2$47,089

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,532,927
Total Revenue per Audited Statements
$2,532,927
Total Revenue per Form 990
$2,532,927
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,518,985
Salaries, Compensation, and Employee Benefits$382,617
Total Fundraising Expense$150,590
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,917$93,833$46,917$187,667
Other Salaries and Wages$36,773$73,547$36,773$147,093
Fees for Services Other$10,240$58,028-$68,268
Fees for Services Accounting$8,528$48,324-$56,852
Occupancy$4,116$37,044-$41,160
Advertising$633$2,533$28,983$32,149
Payroll Taxes$6,648$13,295$6,648$26,591
Office Expenses$4,657$4,688$14,667$24,012
Other Employee Benefits$5,317$10,633$5,316$21,266
Information Technology$3,258$2,443$10,587$16,288
Other Expenses$811$7,297-$8,108
Fees for Services Lobbying$600$3,400-$4,000
Travel$349$2,794$349$3,492
Insurance$262$1,137$350$1,749
Fees for Services Legal$211$1,199-$1,410
Total Functional Expenses$2,390,817$360,195$150,590$2,901,602

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,901,602
Total Expenses per Audited Statements$2,901,602
Total Expenses per Form 990$2,901,602
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$34,346
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Barnraiser Even$46,974-$1,735-
Total Events$46,974-$34,346$-34,346
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 Timbertown Trailhead$196,022
Lease Liability$137,097
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
Yes
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 4

There was a change to the organizational bylaws in 2023.

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

The 990 is reviewed by the audit & finance committee and the executive committee. 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 of 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 subagreements. Significant monetary valye 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, he/she 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 organization, 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
Address
339 E LIBERTY ST, ANN ARBOR, MI 48104

Signing Officer

Name
Christopher Hamp
Title
Ex. Dir., Non-voting
Phone
7344808381
Signed
2024-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Hamp
Formed
2018
Legal Domicile
Mi
Voting Board Members
23
Independent Board Members
23
Employees
6
Volunteers
50

Preparer

Firm
Forge Financial & Management Consulting
Address
1245 JORDAN CREEK PKWY STE 100, WEST DES MOINES, IA 50266-2343
Preparer
Benjamin Winters CPA
Phone
5156203050
Supplemental Narrative

Additional Explanations

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

The huron waterloo pathways initiative (hwpi) is a 501(c)(3) nonprofit organization that works to facilitate the development and use of non- motorized recreational trails throughout washtenaw county and in surrounding communities. Our work to support trail development centers around private fundraising, public engagement, communications, and community outreach, focusing not only on physically building and maintaining trails, but raising awareness of the many community benefits of outdoor recreation - including both mental and physical health; environmental impact and sustainability; nature access; education; and more. Hwpi works in close partnership wtih washtenaw county parks and recreation commission (wcparc) to construct the washtenaw county-wide border to border trail (b2b trail) by bringing private dollars and both public and government engagement to the project that will continue to have a significant positive and lasting impact on the washtenaw county community.

Financial Statement Notes

Schedule D, Page 3, Part X

In november 2018, the organization qualified as a tax-exempt organization under section 501(c)(3) of the internal revenue code and is classified as an organization other than a private foundation, as described in section 509(a). The organization believes that is has appropriate support for all tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements. The organization is exempt from federal unemployment tax. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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