Waterfront Partnership Of Baltimore Inc
- Assets
- $10.3m
- Revenue
- $15.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Baltimore, MD
- Founding
- 10/2006
- Data as of
- 06/2021
- EIN
- 20-3682821
Organization Overview
Waterfront Partnership Of Baltimore Inc is located in Baltimore, MD. The organization was established in 2006. 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. As of 06/2021, Waterfront Partnership Of Baltimore Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Waterfront Partnership Of Baltimore 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 06/2021, Waterfront Partnership Of Baltimore Inc generated $15.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $11.1m during the year ending 06/2021. While expenses have increased by 22.7% per year over the past 6 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
KEEP BALTIMORE'S INNER HARBOR PROMENADE SWEPT CLEAN, GRAFFITI FREE, AND IN GOOD CONDITION. LANDSCAPE OPEN SPACES, MOW GRASS, PLANT FLOWERS, TEND TO IRRIGATION, AND DAILY WATERING OF HANGING BASKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RASH FIELD PARK DESIGN CONTINUED INTO FISCAL YEAR 2021 AND CONSTRUCTION BEGAN IN THE SPRING WITH WHITING-TURNER AS CONSTRUCTION MANAGER AND GENERAL CONTRACTOR. CONSTRUCTION FOR PHASE I IS EXPECTED TO BE COMPLETE IN THE FALL OF 2021. RASH FIELD WILL BE REDESIGNED INTO A VIBRANT, ACTIVE, AND ATTRACTIVE PARK SPACE FOR RESIDENTS OF ALL AGES AND ALL COMMUNITIES.
HOSPITALITY AND SAFETY. HOSPITALITY GUIDES GREET VISITORS AND PROVIDE INFORMATION. DURING FISCAL YEAR 2021, THE HOSPITALITY TEAM HELPED 36,260 GUESTS WITH INFORMATION, DIRECTIONS, AND ACCOMMODATIONS, HELPED 1,010 VISITORS AND EMPLOYEES REACH THEIR DESTINATIONS, AND TOOK 18,880 PHOTOS. APPROXIMATELY, 16 MILLION VISIT BALTIMORE'S INNER HARBOR ATTRACTIONS EACH YEAR. TEAMS OF SAFETY GUIDES WORK ON BIKE, FOOT, AND SEGWAY TO COORDINATE WITH POLICE TO KEEP THE WATERFRONT SECURE.
THE CLEAN TEAM KEEPS PUBLIC AREAS TIDY SO THAT THE APPEARANCE IS WELCOMING TO VISITORS. THE CLEAN TEAM EMPTIED 17,380 TRASHCANS, THEY CLEANED 18,160 GARBAGE CANS, INVESTED 725 HOURS IN POWER WASHING PROMENADES AND OTHER WALKWAYS, AND REMOVED 788,880 POUNDS OF TRASH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Weinstein Treasurer | OfficerTrustee | 2 | $0 |
Mark Potter Secretary | OfficerTrustee | 2 | $0 |
Dale Schmidt Director | Trustee | 1 | $0 |
Mark Pollak Director | Trustee | 1 | $0 |
Rachel Duncan Director | Trustee | 1 | $0 |
Terry Donahue Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mahan Rykiel Landscape Architecture | 6/29/21 | $711,788 |
Living Classrooms Foundation Street Cleaning And Maintenance | 6/29/21 | $355,484 |
Block By Block Hospitality And Safety | 6/29/21 | $1,602,060 |
Whiting Turner Contracting Company Construction At Rash Field | 6/29/21 | $5,611,803 |
Clearwater Mills Llc Trash Wheel Construction And Maintenence | 6/29/21 | $558,283 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,617,122 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,729,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,346,637 |
| Total Program Service Revenue | $537,987 |
| Investment income | $18,467 |
| 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 | $15,904,703 |
| 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 | $647,911 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,168 |
| Payroll taxes | $52,315 |
| Fees for services: Management | $310,000 |
| Fees for services: Legal | $2,841 |
| Fees for services: Accounting | $20,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,520,532 |
| Advertising and promotion | $41,812 |
| Office expenses | $18,093 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $96,381 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,453 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,874 |
| Insurance | $48,373 |
| All other expenses | $1,004 |
| Total functional expenses | $11,055,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,720,595 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,823,698 |
| 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 | $1,844 |
| Net Land, buildings, and equipment | $1,301,388 |
| Investments—publicly traded securities | $457,168 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,304,693 |
| Accounts payable and accrued expenses | $1,317,002 |
| Grants payable | $0 |
| Deferred revenue | $72,000 |
| 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 | $151,002 |
| Other liabilities | $0 |
| Total liabilities | $1,540,004 |
| Net assets without donor restrictions | $2,586,370 |
| Net assets with donor restrictions | $6,178,319 |
| 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 | $10,304,693 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Waterfront Partnership Of Baltimore Inc has recieved totaling $160,575.
| Awarding Organization | Amount |
|---|---|
Bunting Family Foundation Inc Hunt Valley, MD PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $60,000 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $40,000 |
The Abell Foundation Inc Baltimore, MD PURPOSE: COMMUNITY DEVELOPMENT | $35,000 |
The Keith Campbell Foundation For The Environment Inc Bethesda, MD PURPOSE: HEALTHY HARBOR FUND | $10,000 |
J S Plank And D M Dicarlo Family Foundation Inc Baltimore, MD PURPOSE: UNRESTRICTED | $8,000 |
Morgan Stanley Foundation Inc New York, NY PURPOSE: VOLUNTEER INCENTIVE PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Training Fund Annapolis, MD | $65,607,769 | $32,226,310 |
Center For Community Change Washington, DC | $47,020,939 | $18,160,209 |
People Incorporated Of Virginia Abingdon, VA | $22,478,644 | $16,537,740 |
Heart Of America Foundation Washington, DC | $21,952,714 | $13,311,439 |
Waterfront Partnership Of Baltimore Inc Baltimore, MD | $10,304,693 | $15,904,703 |
N Street Village Inc Washington, DC | $31,040,838 | $11,867,277 |
Lake Monticello Owners Association Lake Monticello, VA | $27,325,227 | $9,680,580 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Competitive Enterprise Institute Washington, DC | $5,463,449 | $7,758,776 |
Building Bridges Across The River Washington, DC | $56,784,233 | $13,914,024 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Echelon Community Services Washington, DC | $2,480,354 | $6,411,075 |