The Bay Park Conservancy Inc
- Assets
- $8.9m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Sarasota, FL
- Founding
- 06/2017
- Data as of
- 12/2023
- EIN
- 81-4653473
Organization Overview
The Bay Park Conservancy Inc is located in Sarasota, FL. The organization was established in 2017. 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. As of 12/2023, Bay Park Conservancy Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Park Conservancy 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 12/2023, Bay Park Conservancy Inc generated $13.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 58.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BAY PARK CONSERVANCY (BPC) WAS FORMED TO IMPLEMENT THE MASTER PLAN APPROVED BY THE SARASOTA CITY COMMISSION TO CONSERVE 53 ACRES OF PUBLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY. THE BPC ENTERED A LONG-TERM PARTNERSHIP WITH THE CITY TO HELP FUND, DEVELOP, OPERATE, MAINTAIN AND PROGRAM THE SIGNATURE PARK FOR THE BENEFIT OF THE COMMUNITY NOW, AND FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE, PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL," THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS - PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE FOR THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. PHASE 2, THE NEXT 14-ACRE $65 MILLION DEVELOPMENT, WILL BEGIN IN THE SUMMER OF 2024. THE COMPLETED PARK IN TOTAL WILL COST AN ESTIMATED $175-200 MILLION AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES.
THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE, PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL," THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS - PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE FOR THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. PHASE 2, THE NEXT 14-ACRE $65 MILLION DEVELOPMENT, WILL BEGIN IN THE SUMMER OF 2024. THE COMPLETED PARK IN TOTAL WILL COST AN ESTIMATED $175-200 MILLION AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Jackson Director | Trustee | 2 | $0 |
Jennifer Compton Chairperson | OfficerTrustee | 15 | $0 |
Robert Lane Treasurer | OfficerTrustee | 2 | $0 |
Charles Hines Director | Trustee | 2 | $0 |
Carlos DE Quesada Director | Trustee | 2 | $0 |
E Keith Dubose Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cumminscederberg Engineering | 12/30/23 | $278,955 |
Agency Landscape And Planning Llc Park Design & Consulting | 12/30/23 | $4,745,421 |
Atlarge Inc Marketing & Communications | 12/30/23 | $183,312 |
Stutler Strategies Consulting | 12/30/23 | $127,509 |
Mote Marine Laboratory And Aquarium Benthic Sarasota Bayfront Monitoring Rep | 12/30/23 | $105,570 |
Agency Landscape And Planning Llc Park Design & Consulting | 12/30/23 | $4,745,421 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,943,988 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,456,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,400,587 |
| Total Program Service Revenue | $0 |
| Investment income | $170,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,769 |
| 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 | $13,615,624 |
| 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. | $475,412 |
| Compensation of current officers, directors, key employees. | $190,459 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $523,362 |
| Pension plan accruals and contributions | $18,464 |
| Other employee benefits | $237,792 |
| Payroll taxes | $71,832 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,369 |
| Fees for services: Accounting | $25,594 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,610,612 |
| Advertising and promotion | $0 |
| Office expenses | $29,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,050 |
| Insurance | $40,646 |
| All other expenses | $113,390 |
| Total functional expenses | $5,374,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,930 |
| Savings and temporary cash investments | $2,293,342 |
| Pledges and grants receivable | $76,227 |
| Accounts receivable, net | $1,405,334 |
| 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 | $22,726 |
| Net Land, buildings, and equipment | $43,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,005,934 |
| Total assets | $8,915,150 |
| Accounts payable and accrued expenses | $1,245,916 |
| Grants payable | $0 |
| Deferred revenue | $29,635 |
| 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 | $50,147 |
| Total liabilities | $1,325,698 |
| Net assets without donor restrictions | $4,733,272 |
| Net assets with donor restrictions | $2,856,180 |
| 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 | $8,915,150 |