Totals
- Total revenue
- $15,890,710
- Total expenses
- $9,828,610
- Contributions and grants received
- $15,535,536
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $349,711
- Other revenue
- $5,463
- Total assets, end of year
- $15,937,875
- Total liabilities, end of year
- $1,978,614
- Net assets or fund balances, end of year
- $13,959,261
- Program services expenses (Part IX)
- $9,381,155
- Management and general expenses
- $296,251
- Fundraising expenses
- $151,204
- Program service expenses (Part III)
- $9,381,155
Program services were 95.4% 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.
-
1c · Fundraising events
$202,233
-
1e · Government grants (contributions)
$7,191,180
-
1f · All other contributions, gifts and grants
$8,142,123
-
1g · Noncash contributions included above
$309,605
-
3 · Investment income
total $349,711 · excluded $349,711
-
6a · Gross rents
real property $132,118
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $132,118
-
6d · Net rental income or loss
total $132,118 · excluded $132,118
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$202,233
-
8b · Fundraising events: direct expenses
$166,125
-
8c · Net income from fundraising events
total -$166,125 · excluded -$166,125
-
11a · Other revenue: MISCELLANEOUS
total $23,625 · excluded $23,625
-
11b · Other revenue: CONCESSIONAIRE
total $15,845 · excluded $15,845
-
11e · Other revenue, total
$39,470
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $153,769 · program services $30,754 · management and general $123,015
-
7 · Other salaries and wages
total $629,459 · program services $538,458 · management and general $1,766 · fundraising $89,235
-
8 · Pension plan contributions
total $6,234 · program services $6,234
-
9 · Other employee benefits
total $75,412 · program services $62,569 · management and general $8,369 · fundraising $4,474
-
10 · Payroll taxes
total $60,848 · program services $45,041 · management and general $8,516 · fundraising $7,291
-
11b · Fees: legal
total $12,345 · management and general $12,345
-
11c · Fees: accounting
total $67,456 · management and general $67,456
-
11g · Fees: other
total $3,046,134 · program services $3,033,218 · management and general $12,008 · fundraising $908
-
13 · Office expenses
total $48,550 · program services $41,435 · management and general $4,485 · fundraising $2,630
-
22 · Depreciation, depletion and amortization
total $11,596 · program services $11,596
-
23 · Insurance
total $79,747 · program services $59,181 · management and general $17,889 · fundraising $2,677
-
24a · Other expenses: CONSTRUCTION COSTS
total $4,852,632 · program services $4,852,632
-
24b · Other expenses: OPERATIONS
total $591,015 · program services $547,992 · management and general $40,402 · fundraising $2,621
-
24c · Other expenses: ACTIVATION AND PROGRAM
total $103,539 · program services $103,539
-
24d · Other expenses: COMMUNICATIONS/OUTREACH
total $48,506 · program services $48,506
-
24e · All other expenses
total $41,368 · fundraising $41,368
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,930 · end of year $81,097
-
2 · Savings and temporary cash investments
beginning of year $2,293,342 · end of year $6,297,762
-
3 · Pledges and grants receivable
beginning of year $76,227 · end of year $1,797,013
-
4 · Accounts receivable
beginning of year $1,405,334 · end of year $22,206
-
9 · Prepaid expenses and deferred charges
beginning of year $22,726 · end of year $18,087
-
10a · Land, buildings and equipment: cost or other basis
$86,062
-
10b · Land, buildings and equipment: accumulated depreciation
$17,646
-
10c · Land, buildings and equipment, net
beginning of year $43,657 · end of year $68,416
-
12 · Investments: other securities
beginning of year $5,005,934 · end of year $7,653,294
-
17 · Accounts payable and accrued expenses
beginning of year $1,245,916 · end of year $1,936,559
-
19 · Deferred revenue
beginning of year $29,635 · end of year $42,055
-
25 · Other liabilities
beginning of year $50,147 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,733,272 · end of year $9,680,027
-
28 · Net assets with donor restrictions
beginning of year $2,856,180 · end of year $4,279,234
Mission and programs · 2024
Mission
THE BAY PARK CONSERVANCY (BPC) WAS FORMED TO IMPLEMENT THE MASTER PLAN APPROVED BY THE SARASOTA CITY COMMISSION TO CONSERVE 53 ACRES OF PUCLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY. THE BPC ENTERED A LONG-TERM PARTNERSHIP WITH THE CITY TO HELP FUND, DEVELOP, OPERATE, MAINTAIN AND PROGRAM THE SIGNATURE PARK FOR THE BENEFIT OF THE COMMUNITY NOW, AND FOR GENERATIONS TO COME.
Activities or mission (Part I)
TO CONSERVE 53 ACRES OF PUBLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY.
-
THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL", THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY CONSERVES, PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS, PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE TO THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. SINCE THEN, THERE HAVE BEEN MORE THAN 730K VISITORS TO THE PARK. PHASE 2, THE NEXT 14 ACRE $65M DEVELOPMENT, BEGAN IN THE SUMMER OF 2024 AND ENCOMPASSES MULTIPLE PROJECTS. PHASE 2 IS BEING PARTIALLY FUNDED BY $48M IN CITY OF SARASOTA TIF BONDS. IN TOTAL, THE COMPLETED PARK WILL COST AN ESTIMATED $200M AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES.
Expenses $9,381,155
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AG LAFLEY
CEO
- Total calculated
- $0
- Hours/week
- 40
-
STEVEN R GERMAINE
CFO
- Total calculated
- $153,769
- From this org
- $126,900
- From related orgs
- $0
- Other
- $26,869
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,900
- Bonus
- $0
- Other
- $0
- Deferred
- $4,015
- Nontaxable benefits
- $22,854
- Filer's total
- $153,769
-
DERICK E KITSON
DIR. OF OPERATIONS THROUGH 11/30/24
- Total calculated
- $149,200
- From this org
- $130,518
- From related orgs
- $0
- Other
- $18,682
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,518
- Bonus
- $0
- Other
- $0
- Deferred
- $4,154
- Nontaxable benefits
- $14,528
- Filer's total
- $149,200
-
JENNIFER COMPTON
CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
ROBERT LANE
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
EMILY WALSH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
KYLE BATTIE
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
IAN BLACK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
STEVE BOTELHO
EX-OFFICIO
- Total calculated
- $0
- Hours/week
- 2
-
CARLOS DE QUESADA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ANTHONY GAMELIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CHARLES HINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JEFF JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER JORGENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MARK PRITCHETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
LESLIE TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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 · Independent compensation consultant
- 3 · Written employment contract
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 May 2025
- IRS schema version
- 2024v5.1
- Source object
- 202501329349300105
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