Esplanade Association Inc
- Assets
- $9.8m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 19
- Location
- Boston, MA
- Founding
- 04/2001
- Data as of
- 12/2022
- EIN
- 04-3550635
Organization Overview
Esplanade Association Inc is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Esplanade Association Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esplanade Association 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 12/2022, Esplanade Association Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 10.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO REVITALIZE AND ENHANCE THE CHARLES RIVER ESPLANADE, PRESERVE NATURAL GREEN SPACE AND BUILD COMMUNITY BY PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexi Conine Chair, Direc | OfficerTrustee | 1 | $0 |
Frank Panayotou Vice Chair, | OfficerTrustee | 1 | $0 |
Harvey Beker Treasurer, D | OfficerTrustee | 1 | $0 |
Emi Winterer Vice Chair, | OfficerTrustee | 1 | $0 |
Casey Baines Director | Trustee | 1 | $0 |
Missy Druley Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peak Event Service Event Mgmt | 12/30/22 | $144,529 |
Max Ultimate Food Event Mgmt | 12/30/22 | $105,799 |
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 | $2,764,132 |
| Noncash contributions included in lines 1a–1f | $124,593 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,764,132 |
| Total Program Service Revenue | $0 |
| Investment income | $54,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,061,924 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,880,542 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,900 |
| 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. | $134,277 |
| Compensation of current officers, directors, key employees. | $22,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,482 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,691 |
| Payroll taxes | $78,992 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,372 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,319 |
| Advertising and promotion | $10,746 |
| Office expenses | $3,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,238 |
| Travel | $16,588 |
| 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 | $7,745 |
| Insurance | $23,380 |
| All other expenses | $41,226 |
| Total functional expenses | $1,993,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,916 |
| Savings and temporary cash investments | $1,263,610 |
| Pledges and grants receivable | $1,775,231 |
| 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 | $34,544 |
| Net Land, buildings, and equipment | $21,293 |
| Investments—publicly traded securities | $4,944,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $341,500 |
| Other assets | $1,063,847 |
| Total assets | $9,792,549 |
| Accounts payable and accrued expenses | $184,850 |
| 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 | $341,500 |
| Total liabilities | $526,350 |
| Net assets without donor restrictions | $2,519,823 |
| Net assets with donor restrictions | $6,746,376 |
| 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 | $9,792,549 |
Grants Awarded
Over the last fiscal year, Esplanade Association Inc has awarded $9,890 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF TEDDY EBERSOL PURPOSE: MAINTENACE AND CARE OF COMMUNITY ATHLETIC FIELD. | $9,890 |