Green Cities Accord
- Assets
- $2.0m
- Revenue
- $803.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 02/2015
- Data as of
- 12/2023
- EIN
- 47-1930695
Organization Overview
Green Cities Accord is located in Minneapolis, MN. The organization was established in 2015. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Green Cities Accord 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, Green Cities Accord generated $803.0k 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 (16.2%) each year. All expenses for the organization totaled $650.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (25.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GREEN CITIES ACCORD IS A NOT-FOR-PROFIT 501(C)(3) CONSERVANCY WITH THE MISSION TO MAKE THE TWIN CITIES MORE VIBRANT AND CLIMATE RESILIENT. THROUGH THE TWIN CITIES CLIMATE RESILIENCY INITIATIVE (TCCRI), A PUBLIC/PRIVATE PARTNERSHIP FOCUSED ON EXPANDING THE URBAN TREE CANOPY ACROSS THE METRO AREA, WE PLANT TREES THAT SEQUESTER CARBON AND COOL HEAT ISLANDS BY ESTABLISHING PARTNERSHIPS AND IDENTIFYING NEW FUNDING SOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREEN CITIES ACCORD LED THE $10 MILLION FUNDRAISING CAMPAIGN TO RENOVATE PEAVEY PLAZA. PEAVEY PLAZA IS NOW OPERATED AND PROGRAMMED BY GREEN CITIES ACCORD ON BEHALF OF THE CITY OF MINNEAPOLIS. GREEN CITIES ACCORD RAISES FUNDS TO SUPPORT THE PLAZA'S PROGRAMMING AND ACTIVATION, AND IS RESPONSIBLE FOR ALL MAINTENANCE AND OPERATIONS OF THE PLAZA. WE BELIEVE IN THE POWER OF ART TO NURTURE HUMAN CONNECTION, AND PARKS AND PUBLIC SPACES ARE SOME OF THE BEST PLACES IN OUR COMMUNITY WHERE PEOPLE FROM ALL WALKS OF LIFE COME TOGETHER TO RELAX, RECREATE AND GET TO KNOW ONE ANOTHER. SINCE 2022, AFTER PANDEMIC RESTRICTIONS WERE LIFTED, GREEN CITIES ACCORD COORDINATED OVER 200 FREE PERFORMANCES AND EVENTS, ATTRACTING THOUSANDS BACK DOWNTOWN TO ENJOY MUSIC, DANCE AND MORE IN BEAUTIFUL PEAVEY PLAZA.
GREEN CITIES ACCORDS' FIRST PROJECT- THE COMMONS- LAUNCHED IN 2015. THIS PROJECT INCLUDED THE INITIAL FUNDRAISING TO BUILD THE PARK, AND THE OPERATIONS AND PROGRAMMING OF THE PARK. THE COMMONS IS A $40 MILLION, 4.2-ACRE PUBLIC PARK ADJACENT TO U.S. BANK STADIUM WHICH HAS BECOME A CATALYST FOR THE DEVELOPMENT OF THOUSANDS OF APARTMENTS AND HUNDREDS OR THOUSANDS OF SQUARE FEET OF COMMERCIAL OFFICE SPACE IN THE STADIUM DISTRICT. THE PARK IS USED DAILY BY SURROUNDING RESIDENTS AND OFFICE WORKERS, AND BY HUNDREDS OF THOUSANDS OF VIKINGS FANS DURING FOOTBALL SEASON. THE PARK WAS FUNDED UNDER A PUBLIC/PRIVATE PARTNERSHIP MODEL, WITH THE CITY OF MINNEAPOLIS FUNDING THE ACQUISITION OF THE LAND, AND PRIVATE SECTOR DONORS FUNDING THE BUILDING OF THE PARK. THE PARK IS NOW OPERATED BY THE MINNEAPOLIS PARK AND RECREATION BOARD, AND GREEN CITIES ACCORD CONTINUES TO SERVE AS THE FIDUCIARY FOR A MILLION-DOLLAR RESERVE FUND DESIGNED TO PROVIDE LONG TERM FINANCIAL SUPPORT FOR THE PARK.
THROUGH THE TWIN CITIES CLIMATE RESILIENCY INITIATIVE (TCCRI), A PUBLIC/PRIVATE PARTNERSHIP FOCUSED ON EXPANDING THE URBAN TREE CANOPY ACROSS THE METRO AREA, WE PLANT TREES THAT SEQUESTER CARBON AND COOL HEAT ISLANDS BY ESTABLISHING PARTNERSHIPS AND IDENTIFYING NEW FUNDING SOURCES. AS PART OF THIS INITIATIVE, WE HAVE CREATED A COALITION OF PARTNERS THAT INCLUDES THE TRUST FOR PUBLIC LANDS, THE NATURE CONSERVANCY, MINNEAPOLIS PARKS FOUNDATION, FRIENDS OF THE MISSISSIPPI RIVER, MISSISSIPPI PARK CONNECTION AND THE MINNEAPOLIS REGIONAL CHAMBER.
THE HENNEPIN-LYNDALE CROSSROADS IS THE NEXUS OF SOME OF THE REGION'S MOST IMPORTANT INSTITUTIONS AND CIVIC SPACES, AND GREEN CITIES ACCORD ANCHORS THE PUBLIC-PRIVATE PARTNERSHIP TO TRANSFORM THE FAMOUS BOTTLENECK INTO A GREEN GATEWAY TO OUR CITY. NEW PLANTINGS ON INTERSECTION MEDIANS, AN ONGOING MAINTENANCE PLAN AND COORDINATION AMOUNT STAKEHOLDERS TURNED AN UNKEMPT AND VEHICLE-FOCUSED INTERSECTION INTO A NATURAL OASIS WELCOMING TO PEDESTRIANS. GREEN CORRIDORS CONNECT PEOPLE TO PLACES. PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Cramer Secretary | OfficerTrustee | 1 | $0 |
David Wilson Chair | OfficerTrustee | 16 | $0 |
Jay Cowles III Vice Chair | Trustee | 1 | $0 |
Joseph Peris Director | Trustee | 1 | $0 |
Todd Wagner Treasurer | Trustee | 1 | $0 |
Andy Warczak Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
City Of Minneapolis Construction | 12/30/18 | $2,851,000 |
Block By Block Ambassador Program | 12/30/18 | $191,886 |
Peterson Companies Inc Repairs And Maintenance | 12/30/18 | $186,686 |
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 | $292,307 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $292,307 |
| Total Program Service Revenue | $408,570 |
| Investment income | $43,646 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $803,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,500 |
| 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 | $77,968 |
| Pension plan accruals and contributions | $3,605 |
| Other employee benefits | $6,359 |
| Payroll taxes | $7,907 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,217 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,377 |
| Fees for services: Other | $79,702 |
| Advertising and promotion | $2 |
| Office expenses | $4,587 |
| Information technology | $4,147 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,779 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $482 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $505 |
| All other expenses | $0 |
| Total functional expenses | $650,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $392,299 |
| Savings and temporary cash investments | $1,605,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,870 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,005,641 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $54,333 |
| Total liabilities | $54,333 |
| Net assets without donor restrictions | $252,636 |
| Net assets with donor restrictions | $1,698,672 |
| 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 | $2,005,641 |