Waterfront Alliance Inc
- Assets
- $1.9m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 14
- Location
- New York, NY
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 13-4355067
Organization Overview
Waterfront Alliance Inc is located in New York, NY. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Waterfront Alliance Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Alliance 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, Waterfront Alliance Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 4.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR THE WATERFRONT ALLIANCE, INC.'S MISSION STATEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cortney Worrall President And CEO | OfficerTrustee | 40 | $195,000 |
Christopher O Ward Chair | OfficerTrustee | 2 | $0 |
Colonel John R Boule II Vice Chair | Trustee | 2 | $0 |
Kathy Robb Vice Chair | OfficerTrustee | 2 | $0 |
Julie Pullen Treasurer | OfficerTrustee | 2 | $0 |
Hillary Lane Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $544,957 |
| Related organizations | $0 |
| Government grants | $269,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,280,178 |
| Noncash contributions included in lines 1a–1f | $14,390 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,094,876 |
| Total Program Service Revenue | $176,486 |
| Investment income | $1,750 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,598 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,284,710 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,943 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,000 |
| Compensation of current officers, directors, key employees. | $9,581 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,225 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $106,815 |
| Payroll taxes | $67,557 |
| Fees for services: Management | $131,452 |
| Fees for services: Legal | $725 |
| Fees for services: Accounting | $22,549 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $157,340 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,119 |
| Advertising and promotion | $0 |
| Office expenses | $49,358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,273 |
| Travel | $57,829 |
| 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 | $14,490 |
| Insurance | $7,959 |
| All other expenses | $52,943 |
| Total functional expenses | $2,023,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,268 |
| Savings and temporary cash investments | $129,920 |
| Pledges and grants receivable | $1,005,686 |
| Accounts receivable, net | $20,500 |
| 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 | $32,111 |
| Net Land, buildings, and equipment | $13,707 |
| Investments—publicly traded securities | $26,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,149 |
| Other assets | $270,652 |
| Total assets | $1,896,176 |
| Accounts payable and accrued expenses | $65,945 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $269,530 |
| Total liabilities | $435,475 |
| Net assets without donor restrictions | $660,284 |
| Net assets with donor restrictions | $800,417 |
| 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 | $1,896,176 |