The Bay Park Conservancy Inc
- Assets
- $16.6m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 3
- Location
- Sarasota, FL
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4653473
Organization Overview
The Bay Park Conservancy Inc is located in Sarasota, FL. The organization was established in 2017. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Bay Park Conservancy Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Park Conservancy 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 12/2021, Bay Park Conservancy Inc generated $18.2m in total revenue. All expenses for the organization totaled $12.0m during the year ending 12/2021. While expenses have increased by 103.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BAY PARK CONSERVANCY SUPPORTS THE CREATION AND IMPLEMENTATION OF A LONG-TERM MASTER PLAN FOR THE SARASOTA BAYFRONT AREA THAT WILL ESTABLISH A CULTURAL AND ECONOMIC LEGACY FOR THE REGION WHILE ENSURING OPEN, PUBLIC ACCESS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY PARK CONSERVANCY IS LEADING THE PLANNING AND DEVELOPMENT OF A NEW PUBLIC PARK ON SARASOTA BAY THAT IS OPEN AND ACCESSIBLE, FREE AND WELCOMING, TO EVERYONE...NOW AND FOR GENERATIONS TO COME. THE PARK PLAN IS INSPIRED BY COMMUNITY RECOMMENDED GUIDING PRINCIPLES ADOPTED BY THE CITY OF SARASOTA. THE CONSERVANCY WORKS IN PARTNERSHIP WITH THE CITY FOR THE BENEFIT OF THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Waddill Chief Implementation Officer | 40 | $173,268 | |
Jennifer Compton Secretary | OfficerTrustee | 2 | $0 |
Cathy Layton Board Chair | OfficerTrustee | 15 | $0 |
Robert Lane Treasurer | OfficerTrustee | 2 | $0 |
Charles Hines Director | Trustee | 2 | $0 |
Ag Lafley Founding CEO | Trustee | 30 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
William Waddill Consulting | 12/30/19 | $90,000 |
Veronica Brady Director Of Advancement | 12/30/19 | $120,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,664,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,486,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,150,925 |
| Total Program Service Revenue | $0 |
| Investment income | $27,902 |
| 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 | $18,178,827 |
| 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 | $331,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,015 |
| Payroll taxes | $20,887 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,952 |
| Fees for services: Accounting | $40,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,139,571 |
| Advertising and promotion | $0 |
| Office expenses | $38,963 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,292 |
| Travel | $0 |
| 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 | $9,665 |
| All other expenses | $0 |
| Total functional expenses | $11,975,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,227 |
| Savings and temporary cash investments | $8,755,360 |
| Pledges and grants receivable | $7,580,125 |
| 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 | $11,672 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $273,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,645,209 |
| Accounts payable and accrued expenses | $1,557,742 |
| 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 | $1,557,742 |
| Net assets without donor restrictions | $12,475,833 |
| Net assets with donor restrictions | $2,611,634 |
| 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 | $16,645,209 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that The Bay Park Conservancy Inc has recieved totaling $5,616,481.
| Awarding Organization | Amount |
|---|---|
Gulf Coast Community Foundation Inc Venice, FL PURPOSE: ENVIRONMENT | $3,823,580 |
The Patterson Foundation Sarasota, FL PURPOSE: PROPELLING POSITIVE MOMENTUM IN FUNDRAISING EFFORT | $1,000,000 |
Community Foundation Of Sarasota County Inc Sarasota, FL PURPOSE: GENERAL SUPPORT, PROGRAM SUPPORT | $322,227 |
William G And Marie Selby Foundation Inc Sarasota, FL PURPOSE: ORGANIZATIONAL GRANTS | $150,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $100,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $98,430 |
Endowment Analysis
| Beg. Balance | $240,000 |
| Net Contributions | $2,312,788 |
| Ending Balance | $2,552,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bay Park Conservancy Inc Sarasota, FL | $16,645,209 | $18,178,827 |
Florida Opportunity Fund Inc Orlando, FL | $119,810,322 | $8,334,220 |
Florida Community Loan Fund Orlando, FL | $108,210,727 | $7,672,092 |
Bac Funding Corporation Miami, FL | $17,927,247 | $4,831,785 |
Community And Economic Development Quincy, FL | $11,268,446 | $5,882,256 |
Broward County Community Development Corporation Inc Fort Lauderdale, FL | $8,205,586 | $4,659,433 |
Miami Beach Community Development Corporation Inc Miami Beach, FL | $28,003,490 | $2,129,125 |
Neighbors And Neighbors Association Inc Miami, FL | $2,936,211 | $3,300,045 |
Pasco Economic Development Council Inc Lutz, FL | $4,349,801 | $2,360,770 |
Sunshine State Economic Development Corp Clearwater, FL | $6,634,562 | $1,695,679 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Endeavor Miami Inc Miami, FL | $2,466,456 | $1,752,588 |