Buffalo Bayou Partnership
- Assets
- $75.3m
- Revenue
- $40.2m
- Investments
- $0.0
- Employees
- 64
- Location
- Houston, TX
- Founding
- 07/1986
- Data as of
- 12/2022
- EIN
- 76-0183954
Organization Overview
Buffalo Bayou Partnership is located in Houston, TX. The organization was established in 1986. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2022, Buffalo Bayou Partnership employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buffalo Bayou Partnership 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, Buffalo Bayou Partnership generated $40.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.8% each year . All expenses for the organization totaled $10.6m during the year ending 12/2022. 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
TRANSFORMING AND REVITALIZING BUFFALO BAYOU, HOUSTON'S MOST SIGNIFICANT NATURAL RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OBUFFALO BAYOU PARK - A STRONG PUBLIC-PRIVATE PARTNERSHIP INCLUDING THE KINDER FOUNDATION, BUFFALO BAYOU PARTNERSHIP (BBP), THE CITY OF HOUSTON, AND HARRIS COUNTY FLOOD CONTROL DISTRICT CARRIED OUT AN AMBITIOUS $58 MILLION RESTORATION PROJECT FOR THE STRETCH OF BAYOU FROM SHEPHERD DRIVE TO SABINE STREET. THE PROJECT INVOLVED FLOOD MANAGEMENT, ECO-RESTORATION, NEW HIKE AND BIKE TRAILS AND AN ARRAY OF PARK AMENITIES. THE PARK IMPROVEMENTS WERE SUBSTANTIALLY COMPLETED FOR THE BUFFALO BAYOU PARK PROJECT IN 2015, AND BBP TRANSFERRED OWNERSHIP TO THE CITY. BBP MAINTAINS AND OPERATES THE 160-ACRE BUFFALO BAYOU PARK WITH FUNDING FROM THE DOWNTOWN REDEVELOPMENT AUTHORITY TIRZ #3. IT IS ALSO RESPONSIBLE FOR MAINTAINING THE HIKE AND BIKE TRAILS AND GREEN SPACES ALONG THE WATERWAY FROM SABINE TO FANNIN STREETS WITH FUNDING FROM HOUSTON FIRST CORPORATION AND HOUSTON PARKS BOARD. TO ASSIST WITH ONGOING MAINTENANCE AND CONSERVATION EFFORTS, BBP RELIES ON THOUSANDS OF VOLUNTEERS AND COMMUNITY SERVICE WORKERS EACH YEAR THAT REMOVE WEEDS AND INVASIVE SPECIES, PLANT WILDFLOWERS, PICK UP TRASH AND REMOVE SILT FROM THE TRAILS AFTER HEAVY RAINS.
HIKE AND BIKE TRAILS - A TOP PRIORITY OF BUFFALO BAYOU PARTNERSHIP IS TO BUILD A CONTINUOUS SYSTEM OF TRAILS ON THE NORTH AND SOUTH BANKS OF BUFFALO BAYOU FROM SHEPHERD DRIVE TO THE TURNING BASIN. THIS WILL GIVE HOUSTONIANS AND VISITORS 20 MILES OF TRAILS TO RUN, WALK AND BIKE ALONG OUR WATERWAY. TO ACCOMMODATE RESIDENTS AND VISITORS WHO WANT TO ENJOY A WALK OR JOG ALONG THE SHEPHERD DRIVE TO SABINE STREET STRETCH OF THE BAYOU, BBP ADDED ASPHALT FOOTPATHS CLOSER TO THE WATERWAY.
BUFFALO BAYOU EAST SECTOR IMPLEMENTATION - BUFFALO BAYOU PARTNERSHIP (BBP) IS DEVELOPING GREEN-SPACE ALONG THE EAST SECTOR OF BUFFALO BAYOU - THE AREA FROM MCKEE STREET EAST TO THE PORT OF HOUSTON TURNING BASIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shawn W Cloonan Chair | OfficerTrustee | 4 | $0 |
Gaynell Floyd Drexler Vice Chair | OfficerTrustee | 4 | $0 |
Andrew Ziccardi Treasurer | OfficerTrustee | 4 | $0 |
Bolivar Fraga Secretary | OfficerTrustee | 4 | $0 |
Ralph Abendshein Director | Trustee | 2 | $0 |
Andrea Alexander Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Van Valkenburgh Associates Design Services | 12/30/22 | $1,199,346 |
Times Construction Construction | 12/30/22 | $693,131 |
Junction Landscape Landscaping Services | 12/30/22 | $634,391 |
Quiddity Engineering Llc Design Services | 12/30/22 | $322,004 |
Allied Universal Security Systems Security Services | 12/30/22 | $307,743 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $479,941 |
| Related organizations | $0 |
| Government grants | $6,628,540 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,294,452 |
| Noncash contributions included in lines 1a–1f | $4,441,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,402,933 |
| Total Program Service Revenue | $4,253,361 |
| Investment income | $138,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $505,350 |
| Net Gain/Loss on Asset Sales | -$521 |
| Net Income from Fundraising Events | -$105,832 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $29,270 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,223,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $362,502 |
| Compensation of current officers, directors, key employees. | $153,390 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,283,971 |
| Pension plan accruals and contributions | $86,922 |
| Other employee benefits | $347,938 |
| Payroll taxes | $203,719 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,290 |
| Fees for services: Accounting | $26,280 |
| Fees for services: Lobbying | $9,062 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,930,186 |
| Advertising and promotion | $41,237 |
| Office expenses | $62,765 |
| Information technology | $55,301 |
| Royalties | $0 |
| Occupancy | $116,852 |
| Travel | $4,206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,741 |
| Interest | $48,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $389,343 |
| Insurance | $252,470 |
| All other expenses | $36,936 |
| Total functional expenses | $10,639,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,918,226 |
| Savings and temporary cash investments | $17,934,358 |
| Pledges and grants receivable | $5,693,712 |
| Accounts receivable, net | $107,674 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $27,001 |
| Prepaid expenses and deferred charges | $201,924 |
| Net Land, buildings, and equipment | $33,146,421 |
| Investments—publicly traded securities | $11,011,638 |
| Investments—other securities | $0 |
| Investments—program-related | $2,250,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $75,290,954 |
| Accounts payable and accrued expenses | $818,535 |
| Grants payable | $0 |
| Deferred revenue | $1,876,033 |
| 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 | $2,402,476 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,097,044 |
| Net assets without donor restrictions | $36,138,863 |
| Net assets with donor restrictions | $34,055,047 |
| 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 | $75,290,954 |
Grants Awarded
Over the last fiscal year, Buffalo Bayou Partnership has awarded $632,558 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF HOUSTON PURPOSE: Park development | $370,000 |
CITY OF HOUSTON PURPOSE: Park development | $262,558 |