Overview
What is Detroit Riverfront Conservancy Inc?
Detroit Riverfront Conservancy Inc is a Michigan-based nonprofit organization with a team of 16 individuals, headquartered at 600 Renaissance Center 1720 in Detroit. Their mission is to develop, maintain, and enhance public parks, promenades, and other green spaces along the Detroit International Riverfront for the enjoyment of the public indefinitely. Specifically, their projects include the establishment and improvement of public parks, the Detroit Riverwalk, and additional plazas and pavilions. In collaboration with ongoing construction efforts, the Detroit Riverfront Conservancy aims to create a vibrant, accessible, and beautiful waterfront landscape for residents and visitors alike.
Official website here: www.detroitriverfront.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Detroit Riverfront Conservancy Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an exceptional majority of independent board members and a solid financial oversight structure, which indicates a commitment to transparency and effective governance.
Strengths include a robust financial management system, evidenced by a low liabilities to assets ratio and high fundraising efficiency. Additionally, the Conservancy demonstrates its dedication to ethical practice with comprehensive policies on conflict of interest, whistleblower protection, and document retention.
While the program expense ratio shows that 66.16% of its spending goes directly to programs, there may be room for improvement in this area compared to other charities. Overall, the Conservancy appears to operate effectively, maintaining a significant focus on its mission while ensuring strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Riverfront Conservancy Inc legitimate?
Detroit Riverfront Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Riverfront Conservancy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $498,600
Professional Fundraising Fees: $458,440
Other Salaries and Wages: $891,132
For more financial information, click here
Official website here: www.detroitriverfront.org
What is the mission statement of Detroit Riverfront Conservancy Inc?
The Detroit Riverfront Conservancy Inc is dedicated to establishing, improving, operating, maintaining, and conserving public parks, promenades, and other green spaces along the Detroit International Riverfront. This is done for the enjoyment and recreation of the public in perpetuity. The organization focuses on the upkeep of the Detroit Riverwalk, plazas, and pavilions, as well as the development of the next phase of east riverfront construction. Furthermore, construction of additional plazas, pavilions, and sections of the riverwalk is underway.
Official website here: www.detroitriverfront.org
Who is the CEO of Detroit Riverfront Conservancy Inc?
Mark Wallace is the President And C.E.O. of Detroit Riverfront Conservancy Inc.
Official website here: www.detroitriverfront.org
What is the revenue of Detroit Riverfront Conservancy Inc?
Detroit Riverfront Conservancy Inc's revenue in 2022 was $25,031,272.
Official website here: www.detroitriverfront.org
Who are the executives of Detroit Riverfront Conservancy Inc and what are their salaries?
The average compensation at Detroit Riverfront Conservancy Inc during 2022 was $86,858. There are 16 employees at Detroit Riverfront Conservancy Inc.
Here are 47 key members and their salaries:
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Official website here: www.detroitriverfront.org
Where can I find the form 990 for Detroit Riverfront Conservancy Inc?
Detroit Riverfront Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.detroitriverfront.org
Learn more at the official website: www.detroitriverfront.org
Mission Statement of Detroit Riverfront Conservancy Inc
Detroit Riverfront Conservancy Inc is a nonprofit organization dedicated to establishing, improving, operating, maintaining, and conserving public parks, the Detroit Riverwalk, and other public green spaces along the Detroit International Riverfront for the enjoyment of the general public in perpetuity. The conservancy takes on the crucial role of preserving and enhancing these communal areas, providing opportunities for recreation and relaxation for the public.
Through its mission, Detroit Riverfront Conservancy Inc works tirelessly to maintain the Detroit Riverwalk, plazas, and pavilions, ensuring they remain clean, well-maintained, and accessible to all. Furthermore, the organization is actively involved in the development of the next phase of the East Riverfront construction, expanding the reach and beauty of these public spaces. Construction of additional plazas, pavilions, and sections of the Riverwalk is also a significant focus, continuing to enrich the landscape and offer new areas for the community to explore and enjoy.
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Impact
October, 2024
Detroit Riverfront Conservancy Inc significantly enhances the recreational landscape along the Detroit International Riverfront. It focuses on the establishment, improvement, operations, maintenance, and conservation of public parks and green spaces. The organization is instrumental in maintaining the Detroit Riverwalk, along with its surrounding plazas and pavilions, ensuring these areas remain inviting and accessible for the public's enjoyment.
By developing new phases of construction for the East Riverfront and adding additional plazas and sections to the Riverwalk, it fosters a vibrant community space that encourages outdoor activities and leisure. This commitment not only beautifies the waterfront but also promotes community engagement and well-being, making the riverfront a key destination for locals and visitors alike. The efforts contribute to the overall enhancement of Detroit's urban environment, fostering a sense of pride and connection among its residents.
This information is meant to be a general summary of Detroit Riverfront Conservancy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,097
- Gross Receipts: $25,869,599
Assets and Liabilities:
- Total Assets: $175,179,215
- Total Liabilities: $5,756,247
- Net Assets: $169,422,968
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Organization Details
Founding Year
2002
Phone
(313) 566-8200Principal Officer
Mark Wallace
Main Address
600 RENAISSANCE CENTER 1720, DETROIT, MI, 482431802
Website
www.detroitriverfront.orgNTEE Category
Code: N32 - Recreation
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