Novi Parks Foundation
- Assets
- $268.4k
- Revenue
- $26.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Novi, MI
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 20-0902251
Organization Overview
Novi Parks Foundation is located in Novi, MI. The organization was established in 2004. 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. Novi Parks Foundation 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, Novi Parks Foundation generated $26.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $90.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAXIMIZE NON-TAX FINANCIAL SUPPORT OF THE FACILITIES AND PROGRAMS OF THE PARKS, RECREATION & FORESTRY DEPARTMENT OF THE CITY OF NOVI, MICHIGAN BY DEVELOPING AND PROMOTING A BROAD PROGRAM FOR PRIVATE DONATIONS AND PUBLIC GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAXIMIZE NON-TAX FINANCIAL SUPPORT OF THE FACILITIES AND PROGRAMS OF THE PARKS, RECREATION & FORESTRY DEPARTMENT OF THE CITY OF NOVI, MICHIGAN BY DEVELOPING AND PROMOTING A BROAD PROGRAM FOR PRIVATE DONATIONS AND PUBLIC GRANTS.
TO MAXIMIZE NON-TAX FINANCIAL SUPPORT OF THE FACILITIES AND PROGRAMS OF THE PARKS, RECREATION & FORESTRY DEPARTMENT OF THE CITY OF NOVI, MICHIGAN BY DEVELOPING AND PROMOTING A BROAD PROGRAM FOR PRIVATE DONATIONS AND PUBLIC GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Capello Board Memebe | Officer | $0 | |
Brian Adams Vice Preside | Officer | $0 | |
Adam Czap Board Member | Officer | $0 | |
Randy Balconi Board Member | Officer | $0 | |
Sheel Desai Treasurer | Officer | $0 | |
David Landry President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,677 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,677 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| 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 | $26,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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 | $4,450 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,033 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $374 |
| Insurance | $1,198 |
| All other expenses | $0 |
| Total functional expenses | $90,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,126 |
| Savings and temporary cash investments | $218,854 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $380 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $268,360 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | -$13,850 |
| Net assets with donor restrictions | $282,210 |
| 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 | $268,360 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Novi Parks Foundation has recieved totaling $21,405.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $19,405 |
Fred J Maloof Family Foundation St Clair Shores, MI PURPOSE: CHARITABLE DONATION | $2,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Arlington Park Association Inc Fort Wayne, IN | $1,311,399 | $969,437 |