The Waterfront Center
- Assets
- $8.5k
- Revenue
- $15.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1981
- Data as of
- 12/2019
- EIN
- 52-1223337
Organization Overview
The Waterfront Center is located in Washington, DC. The organization was established in 1981. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Center 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 12/2019, Waterfront Center generated $15.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $21.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
HELP COMMUNITIES IMPROVE URBAN WATERFRONTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CONSULTING SERVICES TO WIDE RANGE OF COMMUNITIES WHICH INCLUDE ILLUSTRATIVE PRESENTATIONS, PARTICIPATORY COMMUNITY PLANNING AND DEVELOPMENT AND ACTION PLANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Breen Pres/dir | OfficerTrustee | 5 | $0 |
Kathleen Ewing Treasurer | Officer | 5 | $0 |
Richard Rigby Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,000 |
| Investment income | $121 |
| 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 | $15,121 |
| 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 | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $736 |
| Information technology | $711 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,100 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,251 |
| Savings and temporary cash investments | $4,291 |
| 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 | $8,542 |
| 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 | $20,607 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,607 |
| Net assets without donor restrictions | -$12,065 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,542 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Waterfront Center has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
Dooley Family Foundation New York, NY PURPOSE: GENERAL PURPOSE | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |
American Property Owners Alliance Washington, DC | $1,922,706 | $4,612,000 |
Baltimore Public Markets Corporation Baltimore, MD | $11,139,758 | $2,603,111 |
Basic Acrylic Monomer Manufacturers Inc Williamsburg, VA | $5,992,927 | $2,980,426 |
City Life - Community Builders Baltimore, MD | $1,816,865 | $2,439,608 |
Central Virginia Partnership For Economic Development Charlottesville, VA | $960,177 | $3,152,510 |
Sexual Assault Spouse Resource Center Inc Bel Air, MD | $5,770,561 | $3,338,496 |
Eno Transportation Foundation Inc Washington, DC | $9,732,560 | $2,557,922 |
Energy Infrastructure Council Washington, DC | $2,283,847 | $1,788,553 |