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Nonprofiteer
← YERBA BUENA GARDENS CONSERVANCY

Form 990 for tax year 2023

Filed by YERBA BUENA GARDENS CONSERVANCY.

Totals

Total revenue
$11,832,008
Total expenses
$10,769,669
Contributions and grants received
$7,754,148
Grants paid
$1,896,500
Program service revenue
$3,681,016
Investment income
$248,962
Other revenue
$147,882
Total assets, end of year
$145,845,657
Total liabilities, end of year
$1,031,068
Net assets or fund balances, end of year
$144,814,589
Program services expenses (Part IX)
$10,093,090
Management and general expenses
$676,579
Fundraising expenses
$0
Program service expenses (Part III)
$10,093,090

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $7,703,854

  • 1f · All other contributions, gifts and grants

    $50,294

  • 2a · Program service revenue: EVENT REVENUE

    total $1,872,995 · related or exempt $1,872,995

  • 2b · Program service revenue: YERBA BUENA GARDENS RENTAL REV

    total $1,808,021 · related or exempt $1,808,021

  • 3 · Investment income

    total $248,962 · excluded $248,962

  • 11a · Other revenue: SETTLEMENT PROCEEDS

    total $140,897 · excluded $140,897

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $6,985 · excluded $6,985

  • 11e · Other revenue, total

    $147,882

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,896,500 · program services $1,896,500

  • 5 · Compensation of officers, directors and key employees

    total $256,817 · program services $187,827 · management and general $68,990

  • 7 · Other salaries and wages

    total $1,309,319 · program services $960,548 · management and general $348,771

  • 8 · Pension plan contributions

    total $36,701 · program services $26,354 · management and general $10,347

  • 9 · Other employee benefits

    total $405,687 · program services $291,312 · management and general $114,375

  • 10 · Payroll taxes

    total $183,655 · program services $131,877 · management and general $51,778

  • 11b · Fees: legal

    total $64,941 · program services $64,941

  • 11c · Fees: accounting

    total $103,714 · program services $103,714

  • 11g · Fees: other

    total $2,527,173 · program services $2,526,463 · management and general $710

  • 12 · Advertising and promotion

    total $78,705 · program services $78,705

  • 13 · Office expenses

    total $11,296 · program services $9,333 · management and general $1,963

  • 14 · Information technology

    total $88,818 · program services $79,186 · management and general $9,632

  • 16 · Occupancy

    total $501,426 · program services $501,426

  • 17 · Travel

    total $5,076 · program services $4,194 · management and general $882

  • 19 · Conferences, conventions and meetings

    total $6,537 · program services $5,401 · management and general $1,136

  • 22 · Depreciation, depletion and amortization

    total $25,135 · program services $20,767 · management and general $4,368

  • 23 · Insurance

    total $148,323 · program services $148,323

  • 24a · Other expenses: CAPITAL EXPENDITURES

    total $2,249,010 · program services $2,249,010

  • 24b · Other expenses: MAINTENANCE & REPAIRS

    total $449,650 · program services $449,650

  • 24c · Other expenses: MATERIALS & SUPPLIES

    total $294,575 · program services $294,575

  • 24d · Other expenses: BAD DEBT EXPENSES

    total $55,576 · management and general $55,576

  • 24e · All other expenses

    total $71,035 · program services $62,984 · management and general $8,051

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250,000 · end of year $1,656,960

  • 2 · Savings and temporary cash investments

    beginning of year $8,024,430 · end of year $6,121,313

  • 3 · Pledges and grants receivable

    beginning of year $1,739,044 · end of year $1,258,118

  • 4 · Accounts receivable

    beginning of year $2,217,699 · end of year $2,974,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,307 · end of year $30,970

  • 10a · Land, buildings and equipment: cost or other basis

    $182,243

  • 10b · Land, buildings and equipment: accumulated depreciation

    $32,388

  • 10c · Land, buildings and equipment, net

    beginning of year $131,771 · end of year $149,855

  • 15 · Other assets

    beginning of year $137,161,037 · end of year $133,654,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,773,459 · end of year $1,019,547

  • 19 · Deferred revenue

    beginning of year $426,142 · end of year $11,521

  • 27 · Net assets without donor restrictions

    beginning of year $8,472,489 · end of year $10,223,451

  • 28 · Net assets with donor restrictions

    beginning of year $138,867,198 · end of year $134,591,138

Mission and programs · 2023

Mission

TO PROVIDE ARTS, CULTURE, RECREATION, AND NATURE IN BEAUTIFUL, ACCESSIBLE, WELCOMING SPACES FOR EVERYONE THROUGH STEWARDSHIP AND COLLABORATION.

Activities or mission (Part I)

TO OPERATE AND MANAGE YERBA BUENA GARDENS ON BEHALF OF THE CITY AND COUNTY OF SAN FRANCISCO.

  • YERBA BUENA GARDENS CONSERVANCY (THE "CONSERVANCY") IS A CIVIC NONPROFIT ORGANIZATION ESTABLISHED TO PROGRAM, OPERATE, MAINTAIN, AND IMPROVE THE PUBLICLY-OWNED THREE CITY BLOCKS OF YERBA BUENA GARDENS ON BEHALF OF THE RESIDENTS AND VISITORS OF THE CITY AND COUNTY OF SAN FRANCISCO. LOCATED IN CENTRAL SAN FRANCISCO, THE YERBA BUENA GARDENS ARE A TREASURED CULTURAL ASSET VISITED BY OVER 5 MILLION PEOPLE ANNUALLY.CONSISTENT WITH THE CITY OF SAN FRANCISCO'S VISION, THE YERBA BUENA GARDENS IS A SELF-FINANCING ENTITY, WHERE SURROUNDING DEVELOPMENTS AND RETAIL LEASES FINANCIALLY SUPPORT THE OPERATION AND MAINTENANCE OF ITS PUBLIC PARK AND CULTURAL FACILITIES. DONATIONS TO THE CONSERVANCY KEEP THE PARK SAFE, CLEAN, AND WELCOMING FOR ALL TO ENJOY AND SUPPORT CAPITAL IMPROVEMENTS.

    Expenses $10,093,090 · Grants $1,896,500 · Revenue $3,681,016

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Scott Rowitz

    DIRECTOR

    Total calculated
    $29,127
    From this org
    $29,127
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Ken Bukowski

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carol Tang

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David McKenzie

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Li

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Sarah Dennis-Phillips

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Fenske Bahat

    DIRECTOR THROUGH 12/2023

    Total calculated
    $0
    Hours/week
    1

  • Kate Faust

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sean Jeffries

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrico Penick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ralph Remington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gayle Romasanta

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Subhajeet Seve Ghose

    EXECUTIVE DIRECTOR

    Total calculated
    $216,793
    From this org
    $186,194
    From related orgs
    $0
    Other
    $30,599
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,194
    Bonus
    $0
    Other
    $0
    Deferred
    $9,227
    Nontaxable benefits
    $21,372
    Filer's total
    $216,793

  • Andrew Gillespie

    CHIEF ENGINEER

    Total calculated
    $224,637
    From this org
    $164,490
    From related orgs
    $0
    Other
    $60,147
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,490
    Bonus
    $0
    Other
    $0
    Deferred
    $31,203
    Nontaxable benefits
    $28,944
    Filer's total
    $224,637

  • Leopoldo Diaz

    STATIONARY ENGINEER

    Total calculated
    $196,003
    From this org
    $130,509
    From related orgs
    $0
    Other
    $65,494
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,509
    Bonus
    $0
    Other
    $0
    Deferred
    $33,198
    Nontaxable benefits
    $32,296
    Filer's total
    $196,003

  • Briana Maughan

    GENERAL MANAGER YB GARDENS

    Total calculated
    $159,043
    From this org
    $145,204
    From related orgs
    $0
    Other
    $13,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,204
    Bonus
    $0
    Other
    $0
    Deferred
    $7,254
    Nontaxable benefits
    $6,585
    Filer's total
    $159,043

  • Anthony Pellegrini

    CAPITAL AND OPERATIONS DIRECTOR

    Total calculated
    $137,328
    From this org
    $116,442
    From related orgs
    $0
    Other
    $20,886
    Hours/week
    40

  • Jill Linwood

    ADMINISTRATIVE MANAGER

    Total calculated
    $129,958
    From this org
    $123,769
    From related orgs
    $0
    Other
    $6,189
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 April 2025
IRS schema version
2023v6.0
Source object
202510949349300341

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