Detroit 300 Conservancy
- Assets
- $4.9m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/2002
- Data as of
- 12/2021
- EIN
- 30-0002873
Organization Overview
Detroit 300 Conservancy is located in Detroit, MI. The organization was established in 2002. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Detroit 300 Conservancy 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 12/2021, Detroit 300 Conservancy generated $5.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 2.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDING FOR THE CONTINUED BEAUTIFICATION OF PUBLIC SPACES IN THE CITY OF DETROIT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK OPERATIONS INCLUDING MOST SIGNIFICANTLY CAMPUS MARTIUS PARK, A 2.4 ACRE PUBLIC SQUARE AND YEAR-ROUND ENTERTAINMENT VENUE, ANCHORS A TWO-SQUARE-BLOCK DISTRICT THAT IS THE COMMERCIAL CENTER AND HEART OF DOWNTOWN DETROIT. SURROUNDED BY OVER 6.5 = MILLION SQUARE FEET OF MIXED USE SPACE, THE CAMPUS MARTIUS DISTRICT IS A 24-HOUR NEIGHBORHOOD COMPRISED OF OFFICE EMPLOYEES, RESIDENTS, DINING OPTIONS, RETAIL OUTLETS, AND OVER TWO MILLION ANNUAL VISITORS.
BEACON PARK - BEACON PARK OPENED JULY 20, 2017. THE PARK INFUSES LIGHT, ENERGY, AND MOTION TO CREATE A DISTINCTIVE GATHERING PLACE, AND AN UNFORGETTABLE EXPERIENCE FOR VISITORS OF ALL AGES. THE CIRCULAR, OPEN LAWN IS THE LARGEST OF ANY DOWNTOWN DETROIT PARK AND GIVES VISITORS ROOM TO RUN, PLAY, RELAX AND RECHARGE. THE PARK PROVIDES YEAR-ROUND PROGRAMMING, INTERACTIVE LIGHT INSTALLATIONS AND A CONTEMPORARY RESTAURANT WITH A ROOFTOP GARDEN AND DINING SPACE FOR PANORAMIC VIEWS OF THE PARK AND CITY SKYLINE. THE PARK HAS ACTIVATED 1.2 ACRES, IMPROVED WALKABILITY, AND CREATED A CATALYST FOR CULTURAL VIBRANCY AND ECONOMIC DEVELOPMENT.
PLACEMAKING/PARK EVENTS - BEGINNING IN 2013 AND WORKING WITH THE CITY OF DETROIT AND KEY DOWNTOWN STAKEHOLDERS, THE CONSERVANCY PROVIDES ACTIVATION, IMPROVEMENTS AND PROGRAMMING FOR THREE ADDITIONAL DOWNTOWN HISTORIC PARKS AND PUBLIC SPACES INCLUDING GRAND CIRCUS PARK, AND CAPITOL PARK. THE CONSERVANCY PRODUCED OVER 2,000 FREE EVENTS IN DOWNTOWN PARKS AND PUBLIC SPACES
EXPENSES RELATED TO OTHER PROGRAM SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric B Larson CEO | OfficerTrustee | 1 | $0 |
Paul Trulick Treasurer/secretary | OfficerTrustee | 10 | $0 |
Cynthia Pasky Chair | OfficerTrustee | 1 | $0 |
Daniel Loepp Vice Chair | OfficerTrustee | 1 | $0 |
Gerard Anderson Vice Chair | OfficerTrustee | 1 | $0 |
Matthew Cullen Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Security Security | 12/30/21 | $687,739 |
Ashcraft Landscaping Landscaping/snow Removal | 12/30/21 | $537,813 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,960,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,960,358 |
| Total Program Service Revenue | $794,224 |
| Investment income | $218,286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $252,397 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,340,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $512,839 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $50,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,744,133 |
| Advertising and promotion | $142,598 |
| Office expenses | $66,763 |
| Information technology | $11,531 |
| Royalties | $0 |
| Occupancy | $44,845 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $65,905 |
| All other expenses | $30,088 |
| Total functional expenses | $5,577,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,474 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,668 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $76,879 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,713,702 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,896,723 |
| Accounts payable and accrued expenses | $1,059,442 |
| Grants payable | $0 |
| Deferred revenue | $21,075 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,080,517 |
| Net assets without donor restrictions | $1,992,570 |
| Net assets with donor restrictions | $1,823,636 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,896,723 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Detroit 300 Conservancy has recieved totaling $175,043.
| Awarding Organization | Amount |
|---|---|
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $125,000 |
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $25,000 |
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT THE ENVIRONMENT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Endowment Analysis
| Beg. Balance | $3,477,635 |
| Earnings | $495,936 |
| Admin Expense | $42,868 |
| Other Expense | $217,001 |
| Ending Balance | $3,713,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detroit Riverfront Conservancy Inc Detroit, MI | $162,240,177 | $18,294,537 |
Detroit 300 Conservancy Detroit, MI | $4,896,723 | $5,340,808 |
Park Glen Corporation Columbus, OH | $3,224,171 | $4,744,005 |
Friends Of@sauk Prairie Parks And Recreation Inc Sauk City, WI | $5,893,890 | $2,059,173 |
Dte Beacon Park Foundation Detroit, MI | $11,952,865 | $120,651 |
Cincinnati Parks Foundation Cincinnati, OH | $20,775,378 | $5,802,905 |
Traverse Area Recreation & Transportation Trails Inc Traverse City, MI | $8,125,074 | $2,931,318 |
Ice Age Trail Alliance Cross Plains, WI | $12,975,124 | $3,561,895 |
Friends Of Hoyt Park Wauwatosa, WI | $6,559,517 | $1,528,114 |
Camp Jorn Young Mens Christian Association Manitowish Waters, WI | $14,142,692 | $2,178,716 |
Lake Minehaha Owners Association Inc Portage, IN | $1,097,994 | $1,270,955 |
Kalamazoo County Parks And Recreation Development Foundation Kalamazoo, MI | $588,846 | $1,070,772 |