Citizens for a Loring Park Community

What it reported doing in 2024

As 2024 began, we continued to see our organization and the neighborhood businesses slowly come back from COVID, civil unrest, violence, and property damage. We continued to see businesses vacate and commercial spaces remain vacant. The City launched an 'Artists in Vacant Storefront program' that we promoted & supported. We had four annual outdoor neighborhood events in 2024: (1) Information Tables at the Loring Park Art Festival (2) Information Tables at Twin Cities PRIDE. (3) We organized the '3rd Peace in the World Concert'. Minneapolis has a large Ukrainian population, and Loring Park has a large Russian population. This afternoon concert featured local Ukrainian and Russian bands, JD Steele, and Mill City Singers. There are many videos and photos on our Neighborhood Facebook page. (4) The 2024 National Nite Out Event was hosted by the Woman's Club of Minneapolis with food donated & served in individual packaging by INVOLVE MN and water and soda provided by the 19 Bar. Live music was featured, and there were several Neighborhood Information tables. The Nicollet Ave Safety Coalition occurs monthly virtually. We continued to keep the expanded meetings neighborhood-wide versus just the Nicollet Corridor. This Coalition engages neighborhood businesses, property owners, churches, and organizations. Also participating are Minneapolis Police, Park Police, Minneapolis Convention Center, City/County Attorneys and City/County staff. Issues and hot spots are brought up at these meetings and then worked on over the month. We also monitor court cases and file Community Impact Statements. Community meetings and gatherings were organized and held in 2024 on issues and policy stances. We testified at the legislature on the value of our Berger Fountain Restoration and funding needed. March 2024 was the CLPC Annual Meeting and Board of Directors Elections. Berger Fountain Task Force meetings were held monthly. Our work is to promote the restoration of the Fountain in partnership with the Minneapolis Park and Recreation Board. We organized a walkabout with State of Minnesota and Minnesota Department of Transportation (MNDOT) on proposed partnerships and requested funding from the State for our Hennepin/Lyndale streetscape.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 82.8%; rating input score 83

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -21.5%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 1.1; rating input score 63; 63rd percentile among comparable filings
• Liabilities to assets ratio: 0.12; rating input score 23; 23rd percentile among comparable filings
• Officer compensation ratio: 49.2%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 12% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: 13.8% per year; rating input score 100; 75th percentile among comparable filings
• Asset growth: 37.7% per year; rating input score 100; 91st percentile among comparable filings