Civic Intelligence

Midland Downtown Park Conservancy

990 • Fiscal year 2020 • EIN 83-4003597

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 16, 2021

201 W Wall St Suite 200Midland, TX 79701

(432) 683-5226

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

2nd percentile

-178%

Higher net margin than 2% of similar nonprofits.

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

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Assets

$2,463,756

No earlier filing loaded for comparison.

Net Assets

$2,463,756

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$4,920,538

No earlier filing loaded for comparison.

Expenses

$13,698,234

No earlier filing loaded for comparison.

Net Income

-$8,777,696

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.

$3.0M$2.0M$1.0M$0Assets 2020: $2,463,756Liabilities 2020: $0Net Assets 2020: $2,463,7562020Assets 2021: $2,350,168Liabilities 2021: $8,870Net Assets 2021: $2,341,2982021Assets 2022: $1,658,205Liabilities 2022: $6,270Net Assets 2022: $1,651,9352022Assets 2023: $2,107,751Liabilities 2023: $17,800Net Assets 2023: $2,089,9512023Assets 2024: $2,392,216Liabilities 2024: $8,000Net Assets 2024: $2,384,2162024

Highlighted filing

2020

Assets$2,463,756
Liabilities$0
Net Assets$2,463,756

Operations Trend

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

$20M$10M$0-$10MRevenue 2020: $4,920,538Expenses 2020: $13,698,234Net Income 2020: -$8,777,6962020Revenue 2021: $1,983,650Expenses 2021: $2,106,108Net Income 2021: -$122,4582021Revenue 2022: $1,289,049Expenses 2022: $1,978,412Net Income 2022: -$689,3632022Revenue 2023: $1,536,142Expenses 2023: $1,098,126Net Income 2023: $438,0162023Revenue 2024: $1,491,641Expenses 2024: $1,197,376Net Income 2024: $294,2652024

Highlighted filing

2020

Revenue$4,920,538
Expenses$13,698,234
Net Income-$8,777,696
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 16, 2021
Return Version
2019v5.2
Gross Receipts
$4,920,538
Mission and Program Overview

Mission

To provide a premier green space and gathering place in downtown midland, enrich the quality of place for our residents and visitors, and act as a catalyst for social and economic growth.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$0$2,412,306▲ $2,412,306
Cash and Non-Interest-Bearing Accounts$0$51,450▲ $51,450
Total Assets$0$2,463,756▲ $2,463,756
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$2,463,756▲ $2,463,756
Total Net Assets Fund Balance$0$2,463,756▲ $2,463,756
Total Liabilities and Net Assets / Fund Balance$0$2,463,756▲ $2,463,756
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott KidwellPresident
Grant BillingsleyVice President
Barry Beal JrDirector
David ByrdDirector
Sharla HotchkissDirector
Wes PerryDirector
Jonny HeinsSecretary
Laura RomanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Lee Lewis Construction INCConstruction7810 ORLANDO AVE, Lubbock, TX 79423$2,887,418
Rhotenberry Wellen Architects INCArchitectural1102 W TEXAS AVE, Midland, TX 79701$498,579
Revenue and Support

Revenue Composition

Contributions and Grants
$4,894,374
Program Service Revenue
$0
Investment Income
$26,164
Other Revenue
$0
All Other Contributions
$3,308,791
Change in Net Assets
$-8,777,696

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,920,538
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,920,538
Total Revenue per Form 990
$4,920,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,531,672
Salaries, Compensation, and Employee Benefits$166,562
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$400,223$30,922-$431,145
Other Salaries and Wages-$135,629-$135,629
Other Expenses$593,776$72,936-$72,936
Insurance-$67,863-$67,863
All Other Expenses$62,201$642-$62,843
Office Expenses-$41,721-$41,721
Advertising$30,766--$30,766
Fees for Services Legal-$15,487-$15,487
Payroll Taxes-$11,644-$11,644
Pension Plan Contributions-$10,700-$10,700
Occupancy-$10,530-$10,530
Conferences and Meetings-$8,597-$8,597
Other Employee Benefits-$8,589-$8,589
Information Technology-$7,710-$7,710
Fees for Services Accounting-$3,760-$3,760
Travel-$640-$640
Total Functional Expenses$13,270,864$427,370$0$13,698,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,698,234
Total Expenses per Audited Statements$13,698,234
Total Expenses per Form 990$13,698,234
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
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 2

Wes perry and laura roman have a business relationship.

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

A complete review is conducted by the executive vice president of administration, and executive director prior to filing. A secondary review is conducted by the board of directors prior to filing.

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

The organization provides a copy of the bylaws to all board members which sets forth the duty of the board members to disclose to the organization any potential conflict of interest, which when disclosed, is evaluated by the other board members to determine if a conflict of interest exists and if further action is required.

Form 990, Part VI, Section C, Line 18

The organization's form 1023 and form 990 is available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available upon request and approval by the executive director.

Filing and Contact Details

Filer

Filer Name
Midland Downtown Park Conservancy
EIN
83-4003597
Phone
4326835226
Address
201 W WALL ST SUITE 200, MIDLAND, TX 79701

Signing Officer

Name
Scott Kidwell
Title
President
Phone
4326835226
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Kidwell
Formed
2018
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
12

Preparer

Firm
Whitley Penn Llp
Address
550 W TEXAS SUITE 1000, MIDLAND, TX 79701
Preparer
Rod Aguilar CPA
Phone
4326831835
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Transfer of all funds held on behalf of midland downtown "park" conservancy from the midland chamber of commerce foundation, inc. Ein #75-2181063 - funds were held by foundation as fiscal agent while the "park" awaited 501(c)(3) determination letter as a tax-exempt public charity. 11,241,452.

FORM 990, PART XII, LINE 2C:

The audit oversight process has not changed from the prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04894374
IRS990ScheduleA/TotalSupportAmt04920538
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013698234
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04920538
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt013698234
IRS990ScheduleD/TotalRevenuePerForm990Amt04920538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04920538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013698234
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WES PERRY AND LAURA ROMAN HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE REVIEW IS CONDUCTED BY THE EXECUTIVE VICE PRESIDENT OF ADMINISTRATION, AND EXECUTIVE DIRECTOR PRIOR TO FILING. A SECONDARY REVIEW IS CONDUCTED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION PROVIDES A COPY OF THE BYLAWS TO ALL BOARD MEMBERS WHICH SETS FORTH THE DUTY OF THE BOARD MEMBERS TO DISCLOSE TO THE ORGANIZATION ANY POTENTIAL CONFLICT OF INTEREST, WHICH WHEN DISCLOSED, IS EVALUATED BY THE OTHER BOARD MEMBERS TO DETERMINE IF A CONFLICT OF INTEREST EXISTS AND IF FURTHER ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORM 1023 AND FORM 990 IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND APPROVAL BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER OF ALL FUNDS HELD ON BEHALF OF MIDLAND DOWNTOWN "PARK" CONSERVANCY FROM THE MIDLAND CHAMBER OF COMMERCE FOUNDATION, INC. EIN #75-2181063 - FUNDS WERE HELD BY FOUNDATION AS FISCAL AGENT WHILE THE "PARK" AWAITED 501(C)(3) DETERMINATION LETTER AS A TAX-EXEMPT PUBLIC CHARITY. 11,241,452.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE AUDIT OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MIDLAND CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1MIDLAND CHAMBER OF COMMERCE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0750436936
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1752181063
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1COMMUNITY DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0303 W WALL SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1303 W WALL SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079701
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd179701
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt111241452
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MIDLAND CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MIDLAND CHAMBER OF COMMERCE FOUNDATION INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1S
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt02463756
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt02463756
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04894374
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0427370
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt013270864
IRS990/TotalFunctionalExpensesGrp/TotalAmt013698234
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02463756
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt013270864
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04920538
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02463756
IRS990/TotReportableCompRltdOrgAmt00

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