Friends Of Congress Square Park
- Assets
- $324.2k
- Revenue
- $332.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-3549049
Organization Overview
Friends Of Congress Square Park is located in Portland, ME. The organization was established in 2015. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Congress Square Park 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, Friends Of Congress Square Park generated $332.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $144.2k during the year ending 12/2021. While expenses have increased by 8.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FRIENDS OF CONGRESS SQUARE PARK IS A COMMUNITY NON-PROFIT ORGANIZATION DEDICATED TO THE PRESERVATION, ENHANCEMENT AND USE OF CONGRESS SQUARE PARK, A CENTRAL PART OF THE PORTLAND PARK SYSTEM. WE ARE DEDICATED TO THE ARTS, PUBLIC ACCESS AND COMMUNITY INVOLVEMENT IN CONGRESS SQUARE PARK AS A MEANS TO ENHANCE THE LIVABILITY AND ECONOMIC POTENTIAL OF DOWNTOWN PORTLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS THE NON-PROFIT PLACE MANAGER OF CONGRESS SQUARE PARK, LOCATED AT THE HEART OF PORTLAND'S ARTS DISTRICT. THE ORGANIZATION SEEKS TO CREATE A THRIVING PUBLIC PLACE WHERE CIVIC LIFE FLOURISHES THROUGH THE ARTS, PUBLIC ACCESS, AND COMMUNITY INVOLVEMENT. WE ADVANCE OUR MISSION THROUGH FREE TEMPORARY PUBLIC ART INSTALLATIONS, INTERACTIONS AND EVENTS IN CONGRESS SQUARE PARK, AND BY PROVIDING FREE PUBLIC AMENITIES, SUCH AS CAF TABLES AND CHAIRS, BENCHES, WI-FI, SHADE UMBRELLAS, AND LANDSCAPING. THE ORGANIZATION FORMED IN 2013 TO ACTIVATE WHAT HAD BECOME AN UNUSED AND UNWELCOMING PUBLIC SPACE. WE BEGAN TO IMPLEMENT WHAT PROJECT FOR PUBLIC SPACES, THE NYC BASED NON-PROFIT GLOBAL LEADER IN PLACEMAKING, CALLS "LIGHTER, QUICKER, CHEAPER" EXPERIMENTS, DRAWING ON THE STRENGTHS OF OUR COMMUNITY AND FOSTERING COLLABORATIONS WITH ARTISTS AND ARTS ORGANIZATIONS. IN 2014 THE ORGANIZATION LAUNCHED ITS FIRST SEASON OF FREE PUBLIC ARTS PROGRAMMING IN PARTNERSHIP WITH SPACE. OUR CREATIVE PLACEMAKING AND IN THE-SQUARE PROGRAMMING IS AT THE CORE OF THE PARK'S TRANSFORMATION FROM A NEGLECTED SPACE INTO A COMMUNITY GATHERING PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Whyel Vice President | Officer | 0 | $0 |
Steve Richards Treasurer | Officer | 0 | $0 |
Bree Lacasse Secretary | Officer | 0 | $0 |
David Lacasse President | Officer | 0 | $0 |
Amaury Sablon Director | Trustee | 0 | $0 |
Jon Courtney Director | Trustee | 0 | $0 |
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 | $332,794 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,794 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $332,794 |
| 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 | $33,850 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15 |
| Fees for services: Accounting | $474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $16,266 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,355 |
| Advertising and promotion | $11,095 |
| Office expenses | $836 |
| Information technology | $3,154 |
| Royalties | $0 |
| Occupancy | $8,096 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,203 |
| All other expenses | $875 |
| Total functional expenses | $144,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $324,204 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $324,204 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $324,204 |
| Net assets with donor restrictions | $0 |
| 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 | $324,204 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friends Of Congress Square Park has recieved totaling $126,450.
| Awarding Organization | Amount |
|---|---|
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Community Economic Development | $106,250 |
Davis Family Foundation Yarmouth, ME PURPOSE: 2022 In the Square Programming | $7,500 |
Horizon Foundation Inc Portland, ME PURPOSE: GENERAL SUPPORT | $5,000 |
Bangor Savings Bank Foundation Bangor, ME PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
Kirby Family Foundation Albany, NY PURPOSE: GENERAL PURPOSE CONTRIBUTION | $2,000 |
John T Gorman Foundation Portland, ME PURPOSE: TO SPONSOR THEIR 2021 SEASON | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Monadnock Economic Development Corporation Keene, NH | $44,564,780 | $2,525,403 |
Sunrise County Economic Council Machias, ME | $3,070,902 | $3,332,067 |
Mount Desert 365 Northeast Harbor, ME | $10,254,728 | $159,519 |
Scarborough Economic Development Corp Scarborough, ME | $55,641 | $261,794 |
Piscataquis County Economic Development Council Dover Foxcroft, ME | $741,779 | $245,939 |
New Hampshire Alliance Of Regional Development Corporations Inc Conway, NH | $15,527 | $192,249 |
Friends Of Congress Square Park Portland, ME | $324,204 | $332,794 |
Alpha Loft Manchester, NH | $17,481 | $56,639 |
Colebrook Downtown Development Associatioon Inc Colebrook, NH | $0 | -$123,112 |
Keene Downtown Housing Corporation Keene, NH | $654,446 | $3,885 |
Newmarket Community Development Corp Newmarket, NH | $852,183 | $49,933 |
Greater Keene Chamber Of Commerce Foundation Keene, NH | $72,794 | $63,500 |