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Nonprofiteer
← FRIENDS OF THE RIVERWALK INC

Form 990 for tax year 2023

Filed by FRIENDS OF THE RIVERWALK INC.

Totals

Total revenue
$397,125
Total expenses
$402,752
Contributions and grants received
$239,021
Grants paid
$0
Program service revenue
$0
Investment income
$12,678
Other revenue
$145,426
Total assets, end of year
$1,018,236
Total liabilities, end of year
$221,678
Net assets or fund balances, end of year
$796,558
Program services expenses (Part IX)
$312,144
Management and general expenses
$90,608
Fundraising expenses
$0
Program service expenses (Part III)
$312,144

Program services were 77.5% 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.

  • 1b · Membership dues

    $108,134

  • 1c · Fundraising events

    $104,723

  • 1f · All other contributions, gifts and grants

    $26,164

  • 3 · Investment income

    total $12,678 · excluded $12,678

  • 8a · Fundraising events: gross income

    $491,218

  • 8a · Fundraising events: contributions included on line 1c

    $104,723

  • 8b · Fundraising events: direct expenses

    $441,200

  • 8c · Net income from fundraising events

    total $50,018 · excluded $50,018

  • 10a · Gross sales of inventory

    $159,602

  • 10b · Cost of goods sold

    $64,194

  • 10c · Net income from sales of inventory

    total $95,408 · related or exempt $95,408

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $128,471 · program services $102,777 · management and general $25,694

  • 7 · Other salaries and wages

    total $126,491 · program services $101,193 · management and general $25,298

  • 10 · Payroll taxes

    total $16,123 · program services $12,898 · management and general $3,225

  • 11b · Fees: legal

    total $1,040 · management and general $1,040

  • 11c · Fees: accounting

    total $25,545 · management and general $25,545

  • 11g · Fees: other

    total $2,275 · program services $2,275

  • 12 · Advertising and promotion

    total $35,494 · program services $35,494

  • 13 · Office expenses

    total $429 · management and general $429

  • 16 · Occupancy

    total $6,645 · program services $3,645 · management and general $3,000

  • 22 · Depreciation, depletion and amortization

    total $44,313 · program services $42,792 · management and general $1,521

  • 23 · Insurance

    total $5,389 · program services $2,640 · management and general $2,749

  • 24a · Other expenses: OPERATING EXPENSES

    total $10,537 · program services $8,430 · management and general $2,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,474 · end of year $638,965

  • 4 · Accounts receivable

    beginning of year $42,446 · end of year $37,247

  • 8 · Inventories for sale or use

    beginning of year $30,603 · end of year $19,045

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,979 · end of year $30,757

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

    $573,446

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

    $281,224

  • 10c · Land, buildings and equipment, net

    beginning of year $336,536 · end of year $292,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,708 · end of year $59,734

  • 19 · Deferred revenue

    beginning of year $114,121 · end of year $161,944

  • 27 · Net assets without donor restrictions

    beginning of year $758,209 · end of year $776,558

  • 28 · Net assets with donor restrictions

    beginning of year $40,000 · end of year $20,000

Mission and programs · 2023

Mission

TO ACCOMPLISH THE MISSION OF FRIENDS OF THE RIVERWALK, OUR GOALS INCLUDE SUPPORTING FURTHER EXPANSION AND DEVELOPMENT OF THE RIVERWALK THAT INCREASE COMMUNITY ACCESS TO THE WATERFRONT, IMPROVE MOBILITY AND CONNECTIVITY, AND INCREASE PEOPLE-ORIENTED USES AND EXPERIENCES ALONG THE RIVERWALK; CREATING AND INVITING OUTDOOR DESTINATION SHOWCASING DOWNTOWN PARKS, MUSEUMS, ATTRACTIONS, AND BUSINESSES THROUGH OUTDOOR PUBLIC EVENTS AND PROGRAMMING; AND BUILDING A STRONGER SENSE OF COMMUNITY.

Activities or mission (Part I)

FRIENDS OF THE RIVERWALK IS A NONPROFIT ORGANIZATION WORKING IN PARTNERSHIP WITH THE CITY OF TAMPA TO DEVELOP, ACTIVATE AND PROMOTE TAMPA'S DOWNTOWN WATERFRONT.

  • PROMOTION OF THE RIVERWALK - IN 2024, FRIENDS OF THE RIVERWALK CONTINUED ITS THRIVING CORPORATE BANNER PROGRAM, OFFERING LOCAL BUSINESSES THE OPPORTUNITY TO SHOWCASE THEIR BRANDS AND SPECIAL EVENTS ON CUSTOM BANNERS DISPLAYED ALONG THE RIVERWALK. WITH ANNUAL FOOT TRAFFIC SURPASSING 1.9 MILLION VISITORS (AND STEADILY GROWING). THE BANNERS SERVE AS A DYNAMIC PLATFORM FOR ENHANCING THE VISIBILITY OF THE TAMPA RIVERWALK WHILE PROMOTING LOCAL BUSINESSES. THROUGHOUT THE YEAR, 107 LIGHT POLES ALONG THE RIVERWALK OFFER 188 BANNER SPACES, WITH 58 ORGANIZATIONS TAKING ADVANTAGE OF THIS PRIME ADVERTISING SPACE IN 2024. THE FRIENDS OF THE RIVERWALK SPECIALTY CUP PROGRAM ALLOWS PATRONS TO PURCHASE ALCOHOLIC BEVERAGES FROM LICENSED ESTABLISHMENTS WITHIN THE RIVERWALK SPECIALTY CENTER AND ENJOY THEM THROUGHOUT THE DESIGNATED OPEN CONTAINER AREA OF THE RIVERWALK, BETWEEN 11 AM AND 1 AM. FRIENDS OF THE RIVERWALK MANAGES THE PROCUREMENT AND DISTRIBUTION OF CITY-APPROVED SPECIALTY CUPS TO PARTICIPATING VENDORS WITHIN THE ZONE. IN 2024, 17 ORGANIZATIONS TOOK PART IN THIS SUCCESSFUL PROGRAM, CONTRIBUTING TO THE VIBRANT AND SOCIAL ATMOSPHERE OF THE RIVERWALK.IN 2024, FRIENDS OF THE RIVERWALK CONTINUED ITS HIGHLY SUCCESSFUL PAVING THE WAY PROGRAM, WHICH NOT ONLY RAISED VITAL FUNDS FOR THE ORGANIZATION BUT ALSO CONTRIBUTED TO THE RIVERWALK'S UNIQUE IDENTITY AND SENSE OF PLACE. THIS PROGRAM ALLOWS BOTH RESIDENTS AND VISITORS TO COMMEMORATE SPECIAL OCCASIONS, HONOR LOVED ONES, OR EXPRESS THEIR LOVE FOR TAMPA THROUGH THE ENGRAVING OF PERSONALIZED 12" X 12" GRANITE PAVERS. IN 2024, 247 CUSTOM PAVERS WERE ADDED TO THE TAMPA RIVERWALK, CREATING LASTING MEMORIES WHILE ENHANCING THE BEAUTY AND SIGNIFICANCE OF THIS ICONIC WATERFRONT DESTINATION.

    Expenses $27,665 · Revenue $19,082

  • ACTIVATION OF THE RIVERWALK - IN 2024, FRIENDS OF THE RIVERWALK PROUDLY HOSTED SEVERAL FREE, FAMILY-FRIENDLY EVENTS ALONG THE TAMPA RIVERWALK, BRINGING TOGETHER THE COMMUNITY TO CELEBRATE THROUGHOUT THE YEAR. SIGNATURE EVENTS INCLUDED TAMPA RIVERFEST, THE JULY 4TH BOAT PARADE & BLESSING OF THE FLEET, RIVERWALK TRICK OR TREAT, THE HOLIDAY HARBOUR TREE LIGHTING, THE HOLIDAY SPECTACULAR, AND THE HOLIDAY LIGHTED BOAT PARADE. OUR EVENTS NOT ONLY ANIMATE THE PARKS ALONG THE 2.6-MILE RIVERWALK BUT ALSO BRING THE WATERWAYS TO LIFE WITH FESTIVE BOAT PARADES. THESE EVENTS COLLECTIVELY DREW OVER 120,000 ATTENDEES, POSITIVELY IMPACTING THE LOCAL ECONOMY AND FOSTERING COMMUNITY SPIRIT. WE WERE SUPPORTED BY OVER 100 LOCAL BUSINESSES, WHO PARTICIPATED AS SPONSORS OR VENDORS, STRENGTHENING THE COLLABORATION BETWEEN THE BUSINESS AND NONPROFIT SECTORS. PARTNERING WITH OTHER NONPROFIT ORGANIZATIONS WAS ESSENTIAL IN ACTIVATING THE RIVERWALK. BEYOND EVENT HOSTING, FRIENDS OF THE RIVERWALK IS COMMITTED TO MAINTAINING THE CLEANLINESS AND SAFETY OF OUR WATERFRONT. IN 2024, WE HELD BI-MONTHLY RIVERWALK CLEANUPS, COLLECTING 130 BAGS AND 421 POUNDS OF TRASH TO ENSURE A PRISTINE ENVIRONMENT FOR ALL.

    Expenses $248,985 · Revenue $76,326

  • MARKETING THE RIVERWALK - FRIENDS OF THE RIVERWALK IS PROUD TO PRODUCE THE #1 ATTRACTION GUIDE IN THE TAMPA BAY - AREA THE TAMPA ATTRACTIONS & RIVERWALK BROCHURE. THIS COMPREHENSIVE PUBLICATION HIGHLIGHTS THE BEST OUR VIBRANT CITY HAS TO OFFER, INCLUDING TOP ATTRACTIONS, ENTERTAINMENT VENUES, HOTELS, RESTAURANTS, TRANSPORTATION OPTIONS, AND EXCITING COMMUNITY EVENTS. PUBLISHED TWICE A YEAR, IN SPRING/SUMMER AND FALL/WINTER, THE BROCHURE SERVES AS A KEY RESOURCE FOR BOTH RESIDENTS AND VISITORS ALIKE. WITH A DISTRIBUTION OF OVER 150,000 COPIES ACROSS TAMPA, THE REGION, AND THROUGHOUT FLORIDA, THIS ESSENTIAL GUIDE ENHANCES VISIBILITY AND DRIVES AWARENESS OF TAMPA'S UNIQUE OFFERINGS. A DIGITAL VERSION IS ALSO ACCESSIBLE ON OUR WEBSITE, ENSURING BROAD REACH AND CONVENIENCE. IN ADDITION TO PRINT, FRIENDS OF THE RIVERWALK MANAGES THE OFFICIAL TAMPA RIVERWALK WEBSITE AND SOCIAL MEDIA CHANNELS, INCLUDING FACEBOOK, INSTAGRAM, AND TWITTER. OUR WEBSITE ATTRACTS OVER 400,000 VISITORS ANNUALLY, PROVIDING TIMELY UPDATES ON RIVERWALK EVENTS AND ACTIVITIES. OUR SOCIAL MEDIA PLATFORMS BOAST SIGNIFICANT ENGAGEMENT, AMPLIFYING OUR MESSAGE TO AN EVEN WIDER AUDIENCE. TO KEEP OUR COMMUNITY INFORMED, WE ALSO DISTRIBUTE THE WEEKLY RIVERWALK ROUNDUP NEWSLETTER TO OVER 5,000 SUBSCRIBERS, ACHIEVING AN IMPRESSIVE 50% OPEN RATE. THIS NEWSLETTER PROVIDES THE LATEST NEWS ON RIVERWALK EVENTS AND ACTIVITIES, ENSURING OUR FOLLOWERS STAY CONNECTED TO WHAT'S HAPPENING ALONG TAMPA'S MOST DYNAMIC WATERFRONT.

    Expenses $35,494

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

Listed in Part VII

  • Anthony Derby

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10
  • Keith Greminger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Amanda Page-Zwierko

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Stephanie Stanfield

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Marybeth Williams

    EXECUTIVE DIRECTOR

    Total calculated
    $128,471
    From this org
    $98,471
    From related orgs
    $0
    Other
    $30,000
    Hours/week
    45
  • Katy Alderman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Santiago Corrada

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Doug Bartley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Devaney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Chris Eastman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jacqui Garman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lucia Garsys

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • David Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeff Houck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lakisha Kinsey-Sallis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kris Knox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jill Manthey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ron McAnaugh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dustin Pasteur

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kevin Plummer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Carole Post

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Candace Rotolo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
19 February 2025
IRS schema version
2023v6.0
Source object
202540569349300539

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