DETROIT RIVERFRONT CONSERVANCY INC

EIN: 300125283 501(c)(3) Recreation & Sports

DETROIT, MI

Total Revenue
$38,859,268
Total Expenses
$11,967,902
Total Assets
$194,281,766
Net Assets
$163,957,314
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MI
Principal Officer
RYAN SULLIVAN
Phone
3135668200
Tax Period
2024-01-01 to 2024-12-31

DETROIT RIVERFRONT CONSERVANCY INC, founded in 2002, is a mid-sized nonprofit in the Recreation & Sports sector that reported $38.9M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $26.9M, a strong 69% operating margin.

Mission

THE DETROIT RIVERFRONT CONSERVANCY (DRFC), IS RESPONSIBLE FOR THE ESTABLISHMENT, IMPROVEMENT, OPERATION, MAINTENANCE, SECURITY, PROGRAMMING AND EXPANSION OF THE DETROIT RIVERWALK AND ASSOCIATED GREEN SPACES. THROUGH ITS PUBLIC/PRIVATE PARTNERSHIPS, THE DRFC WILL SUPPORT THE DEVELOPMENT OF THE RIVERFRONT DISTRICT AND FACILITATE COMMUNITY ACCESS TO THE WATERFRONT.

Program Service Accomplishments

Program 1
Expenses: $9,049,403 Revenue: $0

AS A REGIONAL LANDMARK, A PUBLIC ASSET FOR DETROIT, AND AMERICA'S BEST RIVERWALK, ACCORDING TO USA TODAY, THE DETROIT RIVERFRONT AND OUR CONNECTED GREENWAYS PLAY A SPECIAL ROLE IN THE LIVES OF...

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AS A REGIONAL LANDMARK, A PUBLIC ASSET FOR DETROIT, AND AMERICA'S BEST RIVERWALK, ACCORDING TO USA TODAY, THE DETROIT RIVERFRONT AND OUR CONNECTED GREENWAYS PLAY A SPECIAL ROLE IN THE LIVES OF DETROITERS AND A CATALYTIC ROLE IN THE CONTINUED TRANSFORMATION OF DETROIT'S INTERNATIONAL WATERFRONT. A COMMUNITY ADVISORY TEAM OF 21 DETROITERS REFLECTING DIFFERENT GEOGRAPHIES, DEMOGRAPHICS, AND USER TYPES WAS ASSEMBLED AND TRAVELED TO NEW YORK, PHILADELPHIA, AND CHICAGO TO LEARN ABOUT OTHER LANDMARK WATERFRONT PARKS AND TO INFORM PLANS FOR THE CONTINUED DEVELOPMENT OF THE RALPH C. WILSON, JR. CENTENNIAL PARK. IN TOTAL, MORE THAN 5,000 COMMUNITY MEMBERS HAVE BEEN ENGAGED IN DEVELOPING THE VISION FOR THE PARK AND FUTURE PROGRAMMING. THE DETROIT RIVERFRONT WELCOMES MORE THAN THREE MILLION VISITORS PER YEAR AND HAS GENERATED SIGNIFICANT PUBLIC AND PRIVATE INVESTMENT SINCE ITS FOUNDING. THE DETROIT RIVERFRONT HAS BEEN NAMED AMERICA'S BEST RIVERWALK BY USA TODAY IN 2021, 2022, AND 2023.CELEBRATING OUR 20TH ANNIVERSARY IN 2023, THE CONSERVANCY WAS ESTABLISHED WITH A VISION AND FOUNDING PROMISE TO TRANSFORM DETROIT'S RIVERFRONT, THE FACE OF OUR CITY, INTO A BEAUTIFUL, EXCITING, SAFE, ACCESSIBLE, WORLD-CLASS GATHERING PLACE FOR ALL. TODAY, THE CONSERVANCY IS RESPONSIBLE FOR: - STEWARDSHIP AND MAINTENANCE - SECURITY AND SAFETY - REINVESTMENT AND DEVELOPMENT - PROGRAMMING AND EVENT ADMINISTRATION THE RIVERFRONT ENCOMPASSES 5 PARKS 3 GREENWAYS, AND MULTIPLE PLAZAS PROVIDING A DIVERSITY OF OUTDOOR EXPERIENCES FOR VISITORS OF ALL AGES AND NOW HOST PROGRAMS FOR MORE THAN 350,000 PEOPLE EACH YEAR: - CULLEN PLAZA - DEQUINDRE CUT - GABRIEL RICHARD PARK & CHRISTOPHER STROH PLAZA - MAYOR DENNIS W. ARCHER GREENWAY - MT. ELLIOTT PARK - RALPH C. WILSON, JR. CENTENNIAL PARK - ROBERT C. VALADE PARK - SOUTHWEST GREENWAYONCE A NEGLECTED STRETCH OF INDUSTRIAL SITES AND SHUTTERED BUSINESSES, THE DETROIT RIVERFRONT IS NOW A SERIES OF CHERISHED PUBLIC SPACES WHERE ALL FEEL WELCOME. BEGINNING WITH A BEST-IN-CLASS COMMUNITY ENGAGEMENT PROCESS, THE DETROIT RIVERFRONT CONSERVANCY HELD MORE THAN 100 COMMUNITY MEETINGS BEFORE STARTING CONSTRUCTION ON THE RIVERWALK, AN UNPRECEDENTED APPROACH AT THE TIME. THE LESSONS FROM THIS PROCESS CONTINUE TO INFORM PROGRAMMING ON THE DETROIT RIVERFRONT AND PLANS FOR NEW SPACES.THE DETROIT RIVERFRONT CONSERVANCY BROKE GROUND ON THE RALPH C. WILSON, JR. CENTENNIAL PARK IN MAY, 2022 AND HAS FULFILLED OUR BRIDGE-TO-BRIDGE VISION SINCE COMPLETING CONSTRUCTION ON THE FINAL SEGMENT CONNECTING THE EAST RIVERFRONT TO RALPH WILSON PARK. THE NEW PARK OPENED IN 2025; IT FEATURES THE DELTA DENTAL PLAY GARDEN, AN EXPANSIVE LAWN FOR PROGRAMS AND SPECIAL EVENTS, BASKETBALL COURTS IN THE SPORT HOUSE AND A LARGE WATER GARDEN.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,969,062
Program Service Revenue $0
Investment Income $17,744
Other Revenue $4,872,462
TOTAL REVENUE $38,859,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,243,688
Fundraising Expenses $1,391,408
Program Expenses $9,049,403
Other Expenses $9,555,008
TOTAL EXPENSES $11,967,902

Year-over-Year Comparison

2024 2023 Change
Revenue $38,859,268 $45,816,554 -0.2%
Expenses $11,967,902 $17,295,370 -0.3%
Net Income $26,891,366 $28,521,184 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
43
Independent Members
43
Employees
19
Volunteers
43

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$587,726
Total Directors
47
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATTHEW CULLEN CHAIR 1.00
Officer Director
$0 $0 $0
JENNIFER HUDSON-PARKE SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN BLANCHARD TREASURER 1.00
Officer Director
$0 $0 $0
STEVE HAMP VICE CHAIR 1.00
Officer Director
$0 $0 $0
SANDY BARUAH DIRECTOR 1.00
Director
$0 $0 $0
MARVIN BEATTY DIRECTOR 1.00
Director
$0 $0 $0
ALISHA BELL DIRECTOR 1.00
Director
$0 $0 $0
DAVE BLASZKIEWICZ DIRECTOR 1.00
Director
$0 $0 $0
M SCOTT BOWEN DIRECTOR 1.00
Director
$0 $0 $0
LAURA CHEVEZ-WAZEERUD-DIN DIRECTOR 1.00
Director
$0 $0 $0
MARY CULLER DIRECTOR 1.00
Director
$0 $0 $0
PETER CUMMINGS DIRECTOR 1.00
Director
$0 $0 $0
PATRICK DEVLIN DIRECTOR 1.00
Director
$0 $0 $0
GARLIN GILCHRIST II DIRECTOR 1.00
Director
$0 $0 $0
JOHN HARTIG DIRECTOR 1.00
Director
$0 $0 $0
HIRAM JACKSON DIRECTOR 1.00
Director
$0 $0 $0
WENDY JACKSON DIRECTOR 1.00
Director
$0 $0 $0
KEVIN JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ANDREW KANDREVAS DIRECTOR 1.00
Director
$0 $0 $0
ERIC LARSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MARANS DIRECTOR 1.00
Director
$0 $0 $0
DAVID MASSARON DIRECTOR 1.00
Director
$0 $0 $0
PAUL MATTHEW DIRECTOR 1.00
Director
$0 $0 $0
SONYA MAYS DIRECTOR 1.00
Director
$0 $0 $0
LATRICE MCCLENDON DIRECTOR 1.00
Director
$0 $0 $0
SARAH MCCLURE DIRECTOR 1.00
Director
$0 $0 $0
LEONA MEDLEY DIRECTOR 1.00
Director
$0 $0 $0
MITCHELL MONDRY DIRECTOR 1.00
Director
$0 $0 $0
CLAUDE MOLINARI DIRECTOR 1.00
Director
$0 $0 $0
REIMER PRIESTER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL RAFFERTY DIRECTOR 1.00
Director
$0 $0 $0
BRIAN RINEHART DIRECTOR 1.00
Director
$0 $0 $0
AMY ROBINSON DIRECTOR 1.00
Director
$0 $0 $0
PAMELA RODGERS DIRECTOR 1.00
Director
$0 $0 $0
MARIA ELENA RODRIGUEZ DIRECTOR 1.00
Director
$0 $0 $0
MARY SHEFFIELD DIRECTOR 1.00
Director
$0 $0 $0
JOHN STROH III DIRECTOR 1.00
Director
$0 $0 $0
MARGARET TRIMER DIRECTOR 1.00
Director
$0 $0 $0
FRANK VENEGAS DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW WALTERS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT WICKENS DIRECTOR 1.00
Director
$0 $0 $0
BRADLEY DICK DIRECTOR 1.00
Director
$0 $0 $0
STEPHANIE WASHINGTON DIRECTOR 1.00
Director
$0 $0 $0
ERIC DIETZ DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
ANTOINE BRYANT DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
RACHEL BENDIT DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
NANCY TELLEM DIRECTOR - PART YEAR 1.00
Director
$0 $0 $0
MARK WALLACE PRESIDENT AND C.E.O. - THRU 5/2024 40.00
Officer
$174,437 $23,441 $197,878
WILLIAM SMITH C.F.O. - THRU 5/2024 40.00
Officer
$82,770 $18,513 $101,283
RYAN SULLIVAN CHIEF EXECUTIVE OFFICER 40.00
Officer
$58,177 $4,756 $62,933
CASSIE BRENSKE CHIEF DEVELOPMENT OFFICER 40.00
Officer
$200,517 $25,115 $225,632
STEPHAN BOBALIK SENIOR DIRECTOR OF DEVELOPMENT 40.00
Highest
$129,868 $19,744 $149,612
RACHEL FRIERSON VP OF OPERATIONS & PROGRAMMING 40.00
Highest
$130,417 $19,221 $149,638
KAREN SLAUGHTER-DUPERRY EXECUTIVE IN CHARGE OF CONSTRUCTION 40.00
Highest
$131,922 $1,635 $133,557
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $38,859,268 $11,967,902 $194,281,766 $26,891,366
2023 $52,090,326 $16,942,133 $213,202,987 $35,148,193
2023 No data No data No data No data
2022 $25,031,272 $15,286,976 $175,179,215 $9,744,296
2021 $18,294,537 $11,974,753 $162,240,177 $6,319,784
2020 $25,703,268 $10,462,626 $154,630,831 $15,240,642
2019 $31,442,976 $12,213,667 $140,589,951 $19,229,309
2018 $19,624,756 $10,582,111 $118,992,060 $9,042,645
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