Community Maritime Park Associates Inc
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- Data as of
- 06/2017
- EIN
- 20-3207546
Organization Overview
Community Maritime Park Associates Inc is located in Pensacola, FL. Community Maritime Park Associates Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2017, Community Maritime Park Associates Inc generated $2.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2017. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A COMPONENT UNIT OF THE CITY OF PENSACOLA, FLORIDA. IT WAS CREATED TO OPERATE FOR THE BENEFIT OF AND CARRY OUT THE PUBLIC PURPOSES OF THE CITY, AND FOR SUCH EXCLUSIVELY PUBLIC PURPOSES OF THE DEVELOPMENT, IMPROVEMENT AND OPERATION OF PUBLIC AMENITIES, PUBLIC SPACES AND COORDINATED PRIVATE ECONOMIC DEVELOPMENT STRATEGIES AT THE VINCE WHIBBS SR. COMMUNITY MARITIME PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARITIME PARK MULTI-USE FACILITY HAS PROVIDED THE COMMUNITY WITH MANY OPPORTUNITIES AND AMENITIES AND HAS GIVEN ACCESS TO A GREAT ENTERTAINMENT EXPERIENCE. THE PARK'S STADIUM IS A QUALITY PLACE FOR BASEBALL AND OTHER EVENTS FOR THE ENTIRE COMMUNITY. IN EACH OF THE SIX SEASONS THAT THE PENSACOLA BLUE WAHOOS HAVE PLAYED BASEBALL GAMES AT THE STADIUM, ATTENDANCE HAS EXCEEDED 300,000 FANS FOR A TOTAL ATTENDANCE EXCEEDING 1,800,000 DURING THE SIX YEAR PERIOD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Reeves Chair | OfficerTrustee | 2 | $0 |
Dr Jimmy Jones Vice Chair | OfficerTrustee | 2 | $0 |
Ec Mccormick Jr Trustee | Trustee | 1 | $0 |
John Merting Trustee | Trustee | 1 | $0 |
Col James E Smith Usmc Ret Trustee | Trustee | 1 | $0 |
Alexis Bolin Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davis Marine Construction Inc Contractor | 9/29/15 | $656,285 |
Skyline Steel Llc Contractor | 9/29/15 | $522,433 |
Allied Corrosion Industries Inc Contractor | 9/29/15 | $167,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,534,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,035 |
| Noncash contributions included in lines 1a–1f | $144,035 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,678,595 |
| Total Program Service Revenue | $356,456 |
| Investment income | $364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,055,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,889 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,348,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,462,932 |
| Insurance | $79,805 |
| All other expenses | $19,285 |
| Total functional expenses | $3,361,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |