Elizabeth River Project
- Assets
- $15.5m
- Revenue
- $3.0m
- Investments
- $771.8k
- Employees
- 43
- Location
- Norfolk, VA
- Founding
- 06/1994
- Data as of
- 09/2023
- EIN
- 54-1663058
Organization Overview
Elizabeth River Project is located in Norfolk, VA. The organization was established in 1994. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 09/2023, Elizabeth River Project employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elizabeth River Project 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 09/2023, Elizabeth River Project generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $3.6m during the year ending 09/2023. While expenses have increased by 9.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE THE ELIZABETH RIVER THROUGH EQUITABLE COLLABORATION WITH DIVERSE COMMUNITIES, BUSINESSES AND GOVERNMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELIZABETH RIVER PROJECT BEGAN CONSTRUCTION OF THE RYAN RESILIENCE LAB, A GLOBAL MODEL FOR URBAN COASTAL RESILENCE. A NEW LEARNING BARGE ON WHEELS WAS DEPLOYED TO REACH SCHOOL CHILDREN IN THEIR COMMUNITIES DURING COVID. HANDS-ON PROJECTS WERE CARRIED ON TO REDUCE POLLUTION AND RESTORE HABITATS WITH 6,500 RIVER STAR HOMES AND 162 RIVER STAR BUSINESSES. THE ORGANIZATION ALSO EXPANDED EDUCATION AND REVITALIZATION AT A 40-ACRE NATURE PARK WHILE ADVISING MANY PARTNERS ON POLLUTION AVOIDANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Kimball President | OfficerTrustee | 2 | $0 |
Dr Javaune Adams-Gaston Vice President | OfficerTrustee | 0.5 | $0 |
Frank Daniel Treasurer & Finance Committee Chair | OfficerTrustee | 1 | $0 |
Louis Ryan Secretary | OfficerTrustee | 2 | $0 |
Joshua Harris Immediate Past President | OfficerTrustee | 1 | $0 |
Melissa Page Deutsch Adj. VP & Board Governance Co-Chair | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,410 |
| Membership dues | $68,211 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $715,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,930,407 |
| Noncash contributions included in lines 1a–1f | $51,330 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,715,399 |
| Total Program Service Revenue | $206,625 |
| Investment income | $104,291 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$292 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,028,849 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $944,167 |
| 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. | $101,911 |
| Compensation of current officers, directors, key employees. | $25,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,211,079 |
| Pension plan accruals and contributions | $13,614 |
| Other employee benefits | $69,478 |
| Payroll taxes | $97,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $720 |
| Fees for services: Accounting | $62,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $37,950 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,285 |
| Advertising and promotion | $0 |
| Office expenses | $72,577 |
| Information technology | $53,219 |
| Royalties | $0 |
| Occupancy | $90,598 |
| Travel | $15,699 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,054 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,483 |
| Insurance | $95,121 |
| All other expenses | $28,052 |
| Total functional expenses | $3,602,782 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,556,795 |
| Savings and temporary cash investments | $2,054,815 |
| Pledges and grants receivable | $1,271,299 |
| Accounts receivable, net | $456,178 |
| 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 | $172,295 |
| Net Land, buildings, and equipment | $9,214,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $771,775 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,500 |
| Total assets | $15,501,861 |
| Accounts payable and accrued expenses | $1,660,842 |
| 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 | $1,660,842 |
| Net assets without donor restrictions | $10,894,887 |
| Net assets with donor restrictions | $2,946,132 |
| 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 | $15,501,861 |
Grants Awarded
Over the last fiscal year, Elizabeth River Project has awarded $52,461 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIVING RIVER RESTORATION TRUST PURPOSE: EXECUTIVE SEARCH | $7,000 |
CITY OF PORTSMOUTH PURPOSE: RIVER ACADEMY EXPANSION | $45,461 |