Civic Intelligence

Lower Town Riverfront Conservancy

990 • Fiscal year 2023 • EIN 86-2851511

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 26, 2024

Organization ProfileLOWERTOWNA2.ORG
1117 Griswold Street Ste 1416Detroit, MI 48226

(586) 246-1092

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

6th percentile

0.00x

Higher debt load relative to revenue than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

48th percentile

$175,750

Higher top officer pay than 48% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

96th percentile

103%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

6.6%

Faster revenue growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$20,230,660

Up $10,241,739 (+103%) from 2022

Net Assets

Up

$20,225,503

Up $10,247,253 (+103%) from 2022

Liabilities

Down

$5,157

Down $5,514 (-52%) from 2022

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin98th percentile

Revenue

Up

$10,660,136

Up $659,136 (+6.6%) from 2022

Expenses

Up

$412,883

Up $390,133 (+1715%) from 2022

Net Income

Up

$10,247,253

Up $269,003 (+2.7%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$30M$20M$10M$0Assets 2022: $9,988,921Liabilities 2022: $10,671Net Assets 2022: $9,978,2502022Assets 2023: $20,230,660Liabilities 2023: $5,157Net Assets 2023: $20,225,5032023Assets 2024: $21,546,533Liabilities 2024: $68,788Net Assets 2024: $21,477,7452024

Highlighted filing

2023

Assets$20,230,660
Liabilities$5,157
Net Assets$20,225,503
Open 2023 Filing

Operations Trend

Revenue Growth52nd percentile

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

$15M$10M$5.0M$0Revenue 2022: $10,001,000Expenses 2022: $22,750Net Income 2022: $9,978,2502022Revenue 2023: $10,660,136Expenses 2023: $412,883Net Income 2023: $10,247,2532023Revenue 2024: $1,642,366Expenses 2024: $389,822Net Income 2024: $1,252,5442024

Highlighted filing

2023

Revenue$10,660,136
Expenses$412,883
Net Income$10,247,253
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 26, 2024
Return Version
2023v4.0
Gross Receipts
$10,660,136
Mission and Program Overview

Mission

The lower town riverfront conservancy is organized to establish, improve, operate, maintain, conserve and preserve publicly accessable green space, trails and pathways, and park amenities initially in broadway park west in ann arbor.

The lower town riverfront conservancy, a 501(c)(3) entity, is organized to establish, improve, operate, maintain, conserve and preserve publicly accessable green space, trails and pathways, and park amenities initially in broadway park west in ann arbor.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$12,549,114-
Land, Buildings, and Equipment, Net$2,495,972$7,422,217▲ $4,926,245
Cash and Non-Interest-Bearing Accounts$7,444,520$259,329▼ $7,185,191
Prepaid Expenses and Deferred Charges$48,429--
Total Assets$9,988,921$20,230,660▲ $10,241,739
Liabilities
Other Liabilities$5,322$3,944▼ $1,378
Accounts Payable and Accrued Expenses$5,349$1,213▼ $4,136
Total Liabilities$10,671$5,157▼ $5,514
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,978,250$20,225,503▲ $10,247,253
Total Net Assets Fund Balance$9,978,250$20,225,503▲ $10,247,253
Total Liabilities and Net Assets / Fund Balance$9,988,921$20,230,660▲ $10,241,739

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,422,217-$7,422,217
Compensation and Service Providers
Top Officer Pay48th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Marie KlopfPresidentFT$175,750$175,750

Board Members and Trustees

NameTitle
Stacy FoxChair
Jim KostevaBoard Member
Mark WallaceBoard Member
Tony TomczykBoard Member
Susan PollayTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$10,405,000
Program Service Revenue
$0
Investment Income
$255,136
Other Revenue
$0
All Other Contributions
$405,000
Change in Net Assets
$10,247,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,652
Salaries, Compensation, and Employee Benefits$188,231
Total Fundraising Expense$45,843
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$175,750-$175,750
Occupancy$60,014--$60,014
Fees for Services Other-$4,784$40,000$44,784
Fees for Services Lobbying$40,530--$40,530
Advertising$32,355-$4,399$36,754
Fees for Services Accounting-$19,378-$19,378
Payroll Taxes-$12,481-$12,481
Fees for Services Legal-$8,215-$8,215
Insurance-$4,971-$4,971
Information Technology$3,801--$3,801
Conferences and Meetings-$2,437-$2,437
Travel--$1,126$1,126
Office Expenses$393--$393
Other Expenses$1,196$80$318$80
Total Functional Expenses$138,289$228,751$45,843$412,883
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
Yes
Lobbying activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$40,530
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$3,944
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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

“No review was or will be conducted.”

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

“All board members are required to disclose in writing to the lower town riverfront conservancy any proprietary or financial interest they may have in any organization with which the conservancy does business, in order to determine whether a conflict of interest exists.”

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

“The presidents scope of responsibilities is detailed in her employment contract. At the end of her one year contract period the full board, in executive session, evaluated her performance against those specific responsibilities and confirmed her compensation for the upcoming year.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
The Lower Town Riverfront
EIN
86-2851511
Phone
5862461092
Address
1117 GRISWOLD STREET STE 1416, DETROIT, MI 48226

Signing Officer

Name
Marie Klopf
Title
President
Phone
5862461092
Signed
2024-02-26

Organization Details

Principal Officer
Marie Klopf
Formed
2020
Voting Board Members
5
Independent Board Members
5
Employees
1
Volunteers
5

Preparer

Firm
Yeo & Yeo Pc
Address
1450 EISENHOWER PLACE, ANN ARBOR, MI 48108-3283
Preparer
THOMAS A O'SULLIVAN
Phone
7347691331
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The lower town riverfront conservancy, a 501(c)(3) entity, is organized to establish, improve, operate, maintain, conserve and preserve publicly accessable green space, trails and pathways, and park amenities initially in broadway park west in ann arbor.”

Form 990, Part IX, Line 11G

“Margaret walker 0 4,784 0 brand development 0 0 40,000 total 0 4,784 40,000”

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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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARIE KLOPF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175750
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LOWER TOWN RIVERFRONT CONSERVANCY, A 501(C)(3) ENTITY, IS ORGANIZED TO ESTABLISH, IMPROVE, OPERATE, MAINTAIN, CONSERVE AND PRESERVE PUBLICLY ACCESSABLE GREEN SPACE, TRAILS AND PATHWAYS, AND PARK AMENITIES INITIALLY IN BROADWAY PARK WEST IN ANN ARBOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL BOARD MEMBERS ARE REQUIRED TO DISCLOSE IN WRITING TO THE LOWER TOWN RIVERFRONT CONSERVANCY ANY PROPRIETARY OR FINANCIAL INTEREST THEY MAY HAVE IN ANY ORGANIZATION WITH WHICH THE CONSERVANCY DOES BUSINESS, IN ORDER TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PRESIDENTS SCOPE OF RESPONSIBILITIES IS DETAILED IN HER EMPLOYMENT CONTRACT. AT THE END OF HER ONE YEAR CONTRACT PERIOD THE FULL BOARD, IN EXECUTIVE SESSION, EVALUATED HER PERFORMANCE AGAINST THOSE SPECIFIC RESPONSIBILITIES AND CONFIRMED HER COMPENSATION FOR THE UPCOMING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MARGARET WALKER 0 4,784 0 BRAND DEVELOPMENT 0 0 40,000 TOTAL 0 4,784 40,000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09988921
IRS990/TotalAssetsEOYAmt020230660
IRS990/TotalAssetsGrp/BOYAmt09988921
IRS990/TotalAssetsGrp/EOYAmt020230660
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt010405000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt045843
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0228751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0138289
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412883
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010671
IRS990/TotalLiabilitiesEOYAmt05157
IRS990/TotalLiabilitiesGrp/BOYAmt010671
IRS990/TotalLiabilitiesGrp/EOYAmt05157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09978250
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt020225503
IRS990/TotalProgramServiceExpensesAmt0138289
IRS990/TotalReportableCompFromOrgAmt0175750
IRS990/TotalRevenueGrp/ExclusionAmt0255136
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010660136
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09988921
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt020230660
IRS990/TravelGrp/FundraisingAmt01126
IRS990/TravelGrp/TotalAmt01126
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04608 COTTONWOOD DR
IRS990/USAddress/CityNm0ANN ARBOR
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048108
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0LOWERTOWNA2.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARIE KLOPF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05862461092
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE LOWER TOWN RIVERFRONT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CONSERVANCY
ReturnHeader/Filer/BusinessNameControlTxt0LOWE
ReturnHeader/Filer/EIN0862851511
ReturnHeader/Filer/PhoneNum05862461092
ReturnHeader/Filer/USAddress/AddressLine1Txt01117 GRISWOLD STREET STE 1416
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048226
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0382706146
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0YEO & YEO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01450 EISENHOWER PLACE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0481083283
ReturnHeader/PreparerPersonGrp/PhoneNum07347691331
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS A O'SULLIVAN
ReturnHeader/ReturnTs02024-02-29T15:01:07-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KLOPF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,230,660
Liabilities
$5,157
Net assets
$20,225,503
Revenue
$10,660,136
Expenses
$412,883
Net income
$10,247,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.5$0.07$21.5$1.64$0.39$1.25
2023Detailed filing. Detailed filing data is available for this year.$20.2$0.01$20.2$10.7$0.41$10.2
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.99$0.01$9.98$10.0$0.02$9.98