Preserve Hickory
- Assets
- $212.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 01/2011
- Data as of
- 12/2023
- EIN
- 27-3541173
Organization Overview
Preserve Hickory is located in Traverse City, MI. The organization was established in 2011. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preserve Hickory is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Preserve Hickory generated $17.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (42.1%) each year. All expenses for the organization totaled $40.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRESERVE HICKORY WAS ESTABLISHED IN 2010 TO PRESERVE HICKORY HILLS AS A PUBLIC PARK FOR FUTURE GENERATIONS. THROUGH STORYTELLING, COLLABORATION, PLANNING, OUTREACH, AND PUBLIC INPUT, PRESERVE HICKORY, IN PARTNERSHIP WITH THE CITY OF TRAVERSE CITY, LEVERAGED, RAISED, AND INVESTED OVER $4 MILLION FOR THE PARK'S INFRASTRUCTURE INCLUDING A NEW LODGE, NEW PARKING, EXPANDED SNOWMAKING OPERATIONS, NEW MULTI-PURPOSE TRAILS, NEW SKI SLOPES, AND A NEW LEARNER'S AREA. THE SHARED VISION OF PRESERVE HICKORY AND THE CITY IS TO TRANSFORM HICKORY HILLS BY REVITALIZING ITS INFRASTRUCTURE, EXPANDING RECREATIONAL ACTIVITIES ACROSS ALL SEASONS, CREATING NEW REVENUE SOURCES FOR LONG-TERM SUSTAINABILITY, AND COLLABORATING WITH ADJOINING PARKS, NONPROFITS, AND USER GROUPS TO DEVELOP AND IMPROVE RECREATION AMENITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Madion Secretary | 10 | $0 | |
Michael Mcclelland Director | 2 | $0 | |
Eric Okerstrom Director | 2 | $0 | |
Renee Huckle Mittlestaedt Director | 2 | $0 | |
Laura Ness President/ Treasurer | 10 | $0 | |
Matthew Madion MD Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,080 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $20 |
| Total Revenue | $17,100 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $38,919 |
| Total expenses | $40,694 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $212,220 |
| Other assets | $0 |
| Total assets | $212,220 |
| Total liabilities | $0 |
| Net assets or fund balances | $212,220 |