Derivera Park Trustees EIN 34-1435143 Form 990 (PDF) Claim this org

Derivera Park Trustees

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Offers recreational facilities for over a million tourists and boaters. For fiscal year 2024 it reported $438K in revenue, $302K in expenses, and $2.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Put in Bay, OH
Website
bdockpib.com
Filings
5 on file (2020–2024)
Revenue
$438KFY2024
Expenses
$302K
Net assets
$2.9M
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1435143 Public charity (501(c)(3)) Put in Bay, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers recreational facilities for over a million tourists and boaters.
Leadership
Jon Galvin · Administrato · $37K
Money in and out
$438K revenue, $302K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$438K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $136K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
87.0mo
months of highly liquid reserves at operating expense rate▼ -17% vs prior filing year
Surplus margin
+31%
revenue over expenses, this year▼ -30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$438K
FY2024▼ -9%
Expenses
$302K
FY2024▲ +12%
Total assets
$3.1M
FY2024▼ -2%
Total liabilities
$201K
FY2024▼ -50%
Total revenue
$438K
Pt VIII · Ln 12
Total expenses
$302K
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$136K
Total assetsPt X · Ln 16$3.1M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDerivera Park Trustees
EINHdr · item D34-1435143
Principal addressHdr · item CPut in Bay, OH
WebsiteHdr · item Jbdockpib.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N32Z)
Ruling yearIRS BMFDec 1997

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Administrato
$37,025Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jon Galvin’s $37K as Administrato is at the 51st percentile of top reported officer pay among 1018 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Jon Galvin$37,025$36,875$35,875

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $297K of program spending, described in the organization's own filed words · FY2024.
01

To operate the park in accordance with the trust deed as a recreational facility for residents, tourists, and boaters. The park receives one million plus visitors over a seven month season. The park is also to preserve and maintain certain woodlands on the island.

$297Kprogram expense
02

To provide scholarships to local area students by making contributions to the general school scholarship fund. Also to provide small contributions to various not for profit organizations sponsored by local area individuals.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue$298K · 68%
Investment income$123K · 28%
Other revenue$16K · 4%
Program service revenue68%$298K
Investment income28%$123K
Other revenue4%$16K
Contributions & grants$2K
Total revenueLn 12$438K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$297K
Management & general2%$5K
Total functional expensesLn 25$302K

Balance Sheet

Part X · end of year
CashLn 1$180K
Total assetsLn 16$3.1M
Total liabilitiesLn 26$201K
Total net assetsLn 32$2.9M
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.2M · Operating expenses/yr $302K
87.0 months
Where the money goes
Program services
Program services $297K · Total expenses $302K
98%
Management & General
Management & general $5K · Total expenses $302K
2%
Fundraising
Fundraising $0 · Total expenses $302K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $35K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $2K · Total revenue $438K
0.4%
Government reliance
Government grants — · Total revenue $438K
Earned-income share
Program service revenue $298K · Total revenue $438K
68%
Investment reliance
Investment income $123K · Total revenue $438K
+28%
Program self-sufficiency
Program service revenue $298K · Total expenses $302K
99%
Growth & trend
Revenue growth (YoY)
This year $438K · Prior year $482K
-9%
Revenue CAGR
FY2020 $1.4M · FY2024 $438K
-26%
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $438K · Expenses $302K
+31%
Liabilities-to-Assets
Total liabilities — · Total assets $3.1M
Net-asset ratio
Net assets $2.9M · Total assets $3.1M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.0M · Other securities (Pt X, ln 12) $20K · Total assets (Pt X, ln 16) $3.1M
65%
People & payroll
Highest Reported Total Compensation
Individual Jon Galvin · Reported title ADMINISTRATO · Highest reported compensation $37K · Total expenses $302K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $95K · Total expenses $302K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth -9%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$438K revenue · viewing · ⤓ 990 PDF
FY2023$482K revenue · ⤓ 990 PDF
FY2022$300K revenue · ⤓ 990 PDF
FY2021$277K revenue · ⤓ 990 PDF
FY2020$1.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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