Skip to content
Nonprofiteer
← ESPLANADE ASSOCIATION INC

Form 990 for tax year 2022

Filed by ESPLANADE ASSOCIATION INC.

Totals

Total revenue
$3,880,542
Total expenses
$1,993,602
Contributions and grants received
$2,764,132
Grants paid
$15,900
Program service revenue
$0
Investment income
$54,486
Other revenue
$1,061,924
Total assets, end of year
$9,792,549
Total liabilities, end of year
$526,350
Net assets or fund balances, end of year
$9,266,199
Program services expenses (Part IX)
$1,310,692
Management and general expenses
$343,056
Fundraising expenses
$339,854
Program service expenses (Part III)
$1,310,692

Program services were 65.7% 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.

  • 1f · All other contributions, gifts and grants

    $2,764,132

  • 1g · Noncash contributions included above

    $124,593

  • 3 · Investment income

    total $54,486 · excluded $54,486

  • 8a · Fundraising events: gross income

    $1,600,790

  • 8b · Fundraising events: direct expenses

    $538,866

  • 8c · Net income from fundraising events

    total $1,061,924 · excluded $1,061,924

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,900 · program services $15,900

  • 5 · Compensation of officers, directors and key employees

    total $134,277 · program services $86,454 · management and general $22,765 · fundraising $25,058

  • 7 · Other salaries and wages

    total $743,482 · program services $478,687 · management and general $126,049 · fundraising $138,746

  • 9 · Other employee benefits

    total $61,691 · program services $39,719 · management and general $10,459 · fundraising $11,513

  • 10 · Payroll taxes

    total $78,992 · program services $50,859 · management and general $13,392 · fundraising $14,741

  • 11c · Fees: accounting

    total $29,372 · program services $14,693 · management and general $13,747 · fundraising $932

  • 11g · Fees: other

    total $40,319 · program services $20,169 · management and general $18,871 · fundraising $1,279

  • 12 · Advertising and promotion

    total $10,746 · program services $748 · management and general $2,009 · fundraising $7,989

  • 13 · Office expenses

    total $3,679 · program services $442 · management and general $2,782 · fundraising $455

  • 16 · Occupancy

    total $129,238 · program services $74,531 · management and general $26,263 · fundraising $28,444

  • 17 · Travel

    total $16,588 · program services $1,357 · management and general $12,459 · fundraising $2,772

  • 22 · Depreciation, depletion and amortization

    total $7,745 · program services $7,187 · management and general $558

  • 23 · Insurance

    total $23,380 · program services $8,606 · management and general $14,241 · fundraising $533

  • 24a · Other expenses: PROGRAM/PROJECT COSTS

    total $461,334 · program services $459,973 · management and general $711 · fundraising $650

  • 24b · Other expenses: CONTRIBUTED GOODS AND SER

    total $124,593 · program services $34,524 · management and general $4,770 · fundraising $85,299

  • 24c · Other expenses: EMPLOYMENT ADVERTISING

    total $56,877 · program services $2,227 · management and general $54,487 · fundraising $163

  • 24d · Other expenses: BANK & OTHER SERVICE FEES

    total $14,163 · program services $15 · management and general $5,032 · fundraising $9,116

  • 24e · All other expenses

    total $41,226 · program services $14,601 · management and general $14,461 · fundraising $12,164

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $975,017 · end of year $347,916

  • 2 · Savings and temporary cash investments

    beginning of year $4,422,569 · end of year $1,263,610

  • 3 · Pledges and grants receivable

    beginning of year $737,147 · end of year $1,775,231

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,365 · end of year $34,544

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

    $108,943

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

    $87,650

  • 10c · Land, buildings and equipment, net

    beginning of year $20,960 · end of year $21,293

  • 11 · Investments: publicly traded securities

    end of year $4,944,608

  • 14 · Intangible assets

    beginning of year $457,333 · end of year $341,500

  • 15 · Other assets

    beginning of year $1,305,580 · end of year $1,063,847

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,184 · end of year $184,850

  • 25 · Other liabilities

    beginning of year $457,333 · end of year $341,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,702,696 · end of year $2,519,823

  • 28 · Net assets with donor restrictions

    beginning of year $4,725,758 · end of year $6,746,376

Mission and programs · 2022

Mission

TO REVITALIZE AND ENHANCE THE CHARLES RIVER ESPLANADE, PRESERVE NATURAL GREEN SPACE AND BUILD COMMUNITY BY PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS FOR EVERYONE.

  • THE ORGANIZATION WORKS CLOSELY WITH THE MASSACHUSETTS DEPARTMENT OF CONSERVATION AND RECREATION, COMMUNITY ORGANIZATIONS, BUSINESSES, CORPORATIONS, FOUNDATIONS AND INDIVIDUALS. TOGETHER, THEY PLAN, DESIGN AND IMPLEMENT IMPORTANT MAINTENANCE, RESTORATION, ENHANCEMENT AND PROGRAMMATIC PROJECTS AND EVENTS FOR THE BENEFIT OF THE MILLIONS OF INDIVIDUALS WHO VISIT THE PARK EACH YEAR. THE ORGANIZATION'S WORK FOCUSES ON: -PROJECTS DESIGNED TO SIGNIFICANTLY IMPROVE THE USE, AESTHETICS AND SAFETY OF THE PARK, INCLUDING MAINTENANCE AND IMPROVEMENT OF BALLFIELDS, PATHWAYS, AND PLAYGROUNDS, INSTALLATION OF NEW WAYFINDING SIGNAGE, COMMISSIONING OF PUBLIC ART, AND THE REDEVELOPMENT OF THE LEE POOL SITE INTO A FIRST-RATE GATHERING, RECREATIONAL AND OPERATIONAL SPACE. - PROGRAMS THAT ENRICH THE ENJOYMENT OF VISITORS TO THE PARK, CONNECT PEOPLE FROM DIVERSE BACKGROUNDS AND COMMUNITIES, AND PROMOTE A STRONG SENSE OF PARK OWNERSHIP, INCLUDING FREE FITNESS CLASSES, CONCERTS, CHILDREN'S ACTIVITIES, TOURS, VOLUNTEER EVENTS, CULTURAL ACTIVITIES, AND MORE. - ADVOCACY FOR PUBLIC POLICIES AND RESOURCE ALLOCATION THAT HELP PROTECT AND PRESERVE THE PARK FOR THE BENEFIT OF DIVERSE COMMUNITIES. OTHER PROGRAMS: - ONGOING MAINTENANCE OF THE PARK, SPECIFICALLY IN THE AREA OF GEESE CONTROL, LAWN MAINTENANCE, TREE CARE AND MAINTENANCE, SHORELINE VEGETATIVE MANAGEMENT, REHABILITATION OF MONUMENTS AND HISTORIC PARK ELEMENTS, TO PROMOTE A CLEAN AND CARED FOR NATURAL HABITAT; - PRODUCING OR HOSTING DOZENS OF FEE-BASED ACTIVITIES, INCLUDING 5K RACES, DOG EVENTS, SOCIAL EVENTS, SPONSORED FITNESS CLASSES, AND MORE: - COLLABORATION ON IMPROVING FOOD AND BEVERAGE OFFERINGS IN THE PARK, INCLUDING THE DEVELOPMENT OF A BEER GARDEN AND IMPROVING FOOD OFFERINGS IN THE PARK.

    Expenses $1,310,692 · Grants $15,900

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexi Conine

    CHAIR, DIREC

    Total calculated
    $0
    Hours/week
    1

  • Frank Panayotou

    VICE CHAIR,

    Total calculated
    $0
    Hours/week
    1

  • Harvey Beker

    TREASURER, D

    Total calculated
    $0
    Hours/week
    1

  • Emi Winterer

    VICE CHAIR,

    Total calculated
    $0
    Hours/week
    1

  • Casey Baines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Missy Druley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Forkner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audrey Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Montez Haywood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Hedges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gonzague De Montrichard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Catherine T Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer A Nassour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeryl Oristaglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matthew Lane Ostrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tony Pangaro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clare Richer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carolina Save

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hope Sidman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alicia Towns Franken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Margo Newman

    INTERIM EXEC

    Total calculated
    $0
    Hours/week
    30

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

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202301869349301005

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.