Riverfront Recapture Inc is located in Hartford, CT. The organization was established in 1981. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Riverfront Recapture Inc employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverfront Recapture 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, Riverfront Recapture Inc generated $4.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 5.0% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RIVERFRONT RECAPTURE IS RESPONSIBLE FOR MANAGING THE RIVERFRONT PARK SYSTEM THAT SPANS HARTFORD AND EAST HARTFORD. THIS INCLUDES SEVERAL FUNCTIONS FROM DEVELOPMENT OF THE PARKS, PROGRAMMING ENTERTAINMENT AND ACTIVITIES FOR ALL AGES, AND COORDINATION OF THE PARK MAINTENANCE AND RANGER SERVICES. IN 2022, MORE THAN 780,000 VISITORS ENJOYED THE RIVERFRONT'S MANY OFFERINGS.
Describe the Organization's Program Activity:
ENTERTAINMENT AND EVENTS: RIVERFRONT RECAPTURE OFFERS FAMILY-FRIENDLY ENTERTAINMENT IN THE PARKS, RANGING FROM CULTURAL PERFORMANCES TO CONCERTS AND FESTIVALS. RIVERFRONT RECAPTURE PRODUCES MANY EVENTS, SUCH AS THE RIVERFRONT FOOD TRUCK FESTIVAL, ASIAN FESTIVAL, AND NUMEROUS MUSIC, DANCE, AND ARTS EVENTS. RIVERFRONT ALSO COLLABORATES WITH OTHER ORGANIZATIONS TO PRESENT A DIVERSE SCHEDULE OF EVENTS, SUCH AS THE TASTE OF THE CARIBBEAN, WHICH CELEBRATES CARIBBEAN CULTURE, MUSIC, DANCE, AND FOOD. RIVERFRONT BROUGHT MORE THAN 30 LOCAL/REGIONAL MUSICIANS TO PERFORM AT THE HARTBEAT MUSIC FESTIVAL, AN ANNUAL CELEBRATION OF MUSIC THAT HAS BECOME A SIGNATURE EVENT. ONE HUNDRED FORTY-TWO FREE PUBLIC EVENTS WERE HELD IN 2022, ATTRACTING 50,000 VISITORS TO THE RIVERFRONT.
RECREATION AND OUTDOOR ADVENTURES: RIVERFRONT RECAPTURE'S PARKS ON BOTH BANKS OF THE CONNECTICUT RIVER IN HARFORD AND EAST HARTFORD AND THE RIVER PROVIDE VARIOUS LAND AND WATER RECREATION VENUES. VISITORS TO RIVERFRONT RECAPTURE PARKS PARTICIPATE IN INDIVIDUAL ACTIVITIES: WALKING, BIRD-WATCHING, RUNNING, BIKING, SNOWSHOEING, FISHING, AND MORE, AND ORGANIZED GROUP ACTIVITIES, INCLUDING CRICKET, VOLLEYBALL, AND 5KS. RIVERFRONT RECAPTURE'S COMMUNITY ROWING PROGRAM, OPERATED OUT OF THE BOATHOUSE IN RIVERSIDE PARK, OFFERS CLASSES TO YOUTH AND ADULTS OF ALL SKILL LEVELES, FROM LEARN TO ROW, TO MASTERS RACING TEAMS, BOTH ON WATER, AND INDOOR DURING THE WINTER. THE FALL ROWING SEASON CULMINATES WITH THE ANNUAL HEAD OF THE RIVERFRONT REGATTA, WHICH ATTRACTED 10,000 PARTICIPANTS AND SPECTATORS IN 2022. THE RIVERFRONT ADVENTURE PROGRAM, WHICH INCLUDES A ROPES COURSE AND DRAGON BOATING, RETURNED AFTER A COVID-HIATUS. THE ROPES COURSE ACTIVITIES RETURNED IN 2022, AND DRAGON BOATING EXPANDED WITH THE RETURN OF THE ANNUAL DRAGON BOAT RACE, WHICH ATTRACTED 50 TEAMS IN ITS FIRST YEAR BACK. PUBLIC BOATING IS POSSIBLE FROM THREE BOAT LAUNCHES. RIVERFRONT PARTNERS WITH A NUMBER OF SCHOOLS AND GROUPS FOR ALL OF OUR PROGRAMS. PROGRAMS GENERALLY INVOLVE PARTICIPANT FEES, BUT MANY YOUTH PROGRAMS ARE EITHER FREE TO PARTICIPANTS OR SUBSIDIZED BY GRANTS. THESE ACTIVITIES AND DAILY PARK USAGE ATTRACTED 740,000 PEOPLE IN 2022.
PARK MANAGEMENT AND DEVELOPMENT: PROJECTS ARE UNDERWAY TO EXPAND THE PARK SYSTEM NORTH OF THE BOATHOUSE TO CONNECT TO THE WINDSOR RIVERWALK. FUNDING WAS SECURED IN 2017 FOR EXTENDING THE RIVERWALK NORTH OF THE BOATHOUSE. THE CITY OF HARTFORD IS MANAGING THE PROJECT WITH A FIRM PROVIDING DESIGN AND PERMITTING SERVICES. NAMING THIS STRETCH THE "JOE MARFUGGI RIVERWALK" TO HONOR THE MEMORY OF RIVERFRONT RECAPTURE'S FORMER PRESIDENT & CEO, WAS AUTHORIZED BY THE CITY OF HARTFORD. A SEPARATE PRIVATE FUNDRAISING CAMPAIGN IS UNDERWAY TO ADD UNIQUE FEATURES ALONG THE RIVERWALK TO ADD EXHIBITRY AND ART TO TELL THE STORY OF THE RIVERFRONT. THIS NEW STRETCH OF RIVERWALK WILL END AT THE BOUNDARY OF LAND AT THE HARTFORD/WINDSOR LINE THAT RIVERFRONT PURCHASED THROUGH A SEPARATE ENTITY, RIVERFRONT LAND, INC. THE NEW PROPERTY WILL ALLOW FOR THE UNINTERRUPTED CONNECTION OF RIVERWALK FROM CHARTER OAK LANDING IN HARTFORD TO THE WINDSOR RIVERWALK AND BEYOND. THE PARCEL WILL ALSO PROVIDE OPPORTUNITIES FOR MANY OTHER ACTIVITIES AND POTENTIAL COMMERCIAL DEVELOPMENT, MAKING THIS LOCATION A KEY ATTRACTION ON THE RIVERFRONT. SEVERAL LARGE GRANTS, STATE AND FEDERAL, WERE SECURED IN 2021 AND 2022 PRIMARILY FOR THE PROPERTY'S ENVIRONMENTAL REMEDIATION, WHICH WILL BEGIN IN 2023. THE OTHER MAJOR ONGOING PROJECT IS A SERIES OF IMPROVEMENTS TO GREAT RIVER PARK IN EAST HARTFORD. 2022 WAS SPENT PRIMARILY IN THE DESIGN AND PERMITTING PHASE AND FUNDRAISING FOR ADDITIONAL IMPROVEMENTS TO ADDRESS EROSION CONCERNS. BEGINNING IN 2017, RIVERFRONT RECAPTURE TOOK OVER THE RESPONSIBILITY FOR PARK MAINTENANCE FROM THE METROPOLITAN DISTRICT COMMISSION. MOST PARK MAINTENANCE, SUCH AS MOWING, TREE CARE, AND OTHER LANDSCAPING, IS PERFORMED BY SUBCONTRACTORS. VOLUNTEERS HAVE BEEN INCORPORATED INTO THE MAINTENANCE PLAN AS COMPANIES ARE INCREASINGLY LOOKING TO ENGAGE EMPLOYEES ON COMMUNITY PROJECTS. RIVERFRONT MANAGES THE PARKS FOR THE CITY OF HARTFORD AND THE TOWN OF EAST HARTFORD. WALKWAYS ON THE FOUNDERS AND CHARTER OAK BRIDGES CONNECT THE MUNICIPALITIES. THE RIVERFRONT HAS BEEN A CATALYST FOR ECONOMIC INVESTMENT WITH THE DEVELOPMENT OF HOTELS, A CONVENTION CENTER, A SCIENCE CENTER, AND ENTERTAINMENT COMPLEX, AND HOUSING ON ADJACENT LAND. RANGERS PROVIDE HOSPITALITY AND INFORMATION AND CREATE A SECURE ENVIRONMENT FOR PARK VISITORS. RANGERS ARE RESPONSIBLE FOR OPENING AND CLOSING THE PARKS DAILY THROUGHOUT THE YEAR. BETWEEN MAY AND OCTOBER, THE BUSY SEASON FOR THE PARKS, THE RANGERS HAVE AN INCREASED PRESENCE. THEY PROVIDE INFORMATION AND DIRECTIONS TO PARK VISITORS, ASSIST WITH PARKING AND BOAT LAUNCH ACTIVITIES, OPEN AND CLOSE THE PARKS, AND ENFORCE PARK RULES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael Zaleski President & CEO | OfficerTrustee | 37.5 | $157,599 |
Marc Nicol Director Of Park Planning & Development | 37.5 | $143,369 | |
Peter Morse Finance Director | Officer | 37.5 | $106,305 |
Deborah Baker Director Of Development | 37.5 | $106,983 | |
Christopher Hayes Director Of Operations | 37.5 | $100,302 | |
Margaret Gregg Secretary | OfficerTrustee | 5.8 | $3,631 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Fuss & O'neill Inc Design & Engineering Services | 12/30/22 | $253,750 |
Hemlock Construction Company Inc Construction Services | 12/30/22 | $136,737 |
Jay's Landscaping Llc Landscaping Services | 12/30/22 | $135,676 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $108,841 |
Related organizations | $0 |
Government grants | $2,058,811 |
All other contributions, gifts, grants, and similar amounts not included above | $1,071,353 |
Noncash contributions included in lines 1a–1f | $21,797 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,239,005 |
Total Program Service Revenue | $621,353 |
Investment income | $160,851 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $9,433 |
Net Income from Fundraising Events | -$2,380 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $328 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,097,994 |
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. | $263,761 |
Compensation of current officers, directors, key employees. | $68,494 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,190,215 |
Pension plan accruals and contributions | $61,795 |
Other employee benefits | $93,974 |
Payroll taxes | $143,213 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,584 |
Fees for services: Accounting | $28,481 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $14,642 |
Fees for services: Other | $5,000 |
Advertising and promotion | $55,622 |
Office expenses | $20,387 |
Information technology | $93,105 |
Royalties | $0 |
Occupancy | $72,204 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $14,516 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $133,917 |
Insurance | $305,650 |
All other expenses | $0 |
Total functional expenses | $3,903,081 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $251,293 |
Savings and temporary cash investments | $806,993 |
Pledges and grants receivable | $507,405 |
Accounts receivable, net | $88,776 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $3,668 |
Prepaid expenses and deferred charges | $67,516 |
Net Land, buildings, and equipment | $578,218 |
Investments—publicly traded securities | $4,270,562 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $158,071 |
Total assets | $6,732,502 |
Accounts payable and accrued expenses | $377,717 |
Grants payable | $0 |
Deferred revenue | $14,168 |
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 | $154,760 |
Total liabilities | $546,645 |
Net assets without donor restrictions | $1,835,843 |
Net assets with donor restrictions | $4,350,014 |
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 | $6,732,502 |