Civic Intelligence

The Esplanade Association Inc

990 • Fiscal year 2020 • EIN 04-3550635

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 20, 2021

575 Boylston Street Suite 4RBoston, MA 02116

(617) 227-0365

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.04x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.08x

Higher debt load relative to revenue than 27% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

87th percentile

40%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

78th percentile

24%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

11th percentile

-38%

Faster revenue growth than 11% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$6,042,522

Up $1,184,855 (+24%) from 2019

Net Assets

Up

$5,828,418

Up $1,087,172 (+23%) from 2019

Liabilities

Up

$214,104

Up $97,683 (+84%) from 2019

Revenue

Down

$2,726,435

Down $1,662,256 (-38%) from 2019

Expenses

Up

$1,639,262

Up $219,391 (+15%) from 2019

Net Income

Down

$1,087,173

Down $1,881,647 (-63%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $520,294Liabilities 2011: $17,265Net Assets 2011: $503,0292011Assets 2012: $409,967Liabilities 2012: $66,743Net Assets 2012: $343,2242012Assets 2013: $586,066Liabilities 2013: $87,693Net Assets 2013: $498,3732013Assets 2014: $1,192,094Liabilities 2014: $483,334Net Assets 2014: $708,7602014Assets 2015: $1,206,812Liabilities 2015: $109,194Net Assets 2015: $1,097,6182015Assets 2016: $1,492,402Liabilities 2016: $111,197Net Assets 2016: $1,381,2052016Assets 2017: $1,557,488Liabilities 2017: $126,547Net Assets 2017: $1,430,9412017Assets 2018: $2,015,073Liabilities 2018: $242,647Net Assets 2018: $1,772,4262018Assets 2019: $4,857,667Liabilities 2019: $116,421Net Assets 2019: $4,741,2462019Assets 2020: $6,042,522Liabilities 2020: $214,104Net Assets 2020: $5,828,4182020Assets 2021: $7,930,971Liabilities 2021: $502,517Net Assets 2021: $7,428,4542021Assets 2022: $9,792,549Liabilities 2022: $526,350Net Assets 2022: $9,266,1992022Assets 2023: $16,639,526Liabilities 2023: $421,781Net Assets 2023: $16,217,7452023Assets 2024: $23,278,130Liabilities 2024: $413,743Net Assets 2024: $22,864,3872024

Highlighted filing

2020

Assets$6,042,522
Liabilities$214,104
Net Assets$5,828,418

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $634,050Expenses 2011: $688,078Net Income 2011: -$54,0282011Expenses 2012: $702,0212012Revenue 2013: $772,099Expenses 2013: $616,951Net Income 2013: $155,1482013Revenue 2014: $945,123Expenses 2014: $734,736Net Income 2014: $210,3872014Revenue 2015: $1,203,780Expenses 2015: $874,090Net Income 2015: $329,6902015Revenue 2016: $1,468,908Expenses 2016: $1,185,321Net Income 2016: $283,5872016Revenue 2017: $1,456,491Expenses 2017: $1,406,755Net Income 2017: $49,7362017Revenue 2018: $1,688,330Expenses 2018: $1,346,845Net Income 2018: $341,4852018Revenue 2019: $4,388,691Expenses 2019: $1,419,871Net Income 2019: $2,968,8202019Revenue 2020: $2,726,435Expenses 2020: $1,639,262Net Income 2020: $1,087,1732020Revenue 2021: $3,458,484Expenses 2021: $1,858,448Net Income 2021: $1,600,0362021Revenue 2022: $3,880,542Expenses 2022: $1,993,602Net Income 2022: $1,886,9402022Revenue 2023: $9,285,953Expenses 2023: $2,478,941Net Income 2023: $6,807,0122023Revenue 2024: $9,929,669Expenses 2024: $3,384,537Net Income 2024: $6,545,1322024

Highlighted filing

2020

Revenue$2,726,435
Expenses$1,639,262
Net Income$1,087,173
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 20, 2021
Return Version
2020v4.0
Gross Receipts
$2,749,950
Mission and Program Overview

Mission

To revitalize and enhance the charles river esplanade, preserve natural green space and build community by providing educational, cultural and recreational programs for everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,982,813$2,935,840▲ $953,027
Cash and Non-Interest-Bearing Accounts$1,027,522$1,130,982▲ $103,460
Pledges and Grants Receivable$531,500$818,651▲ $287,151
Investments Other Securities$100,974--
Land, Buildings, and Equipment, Net$49,634$33,048▼ $16,586
Prepaid Expenses and Deferred Charges$4,646$6,943▲ $2,297
Total Assets$4,857,666$6,042,522▲ $1,184,856
Other Assets Total$1,160,577$1,117,058▼ $43,519
Liabilities
Other Liabilities-$135,000-
Accounts Payable and Accrued Expenses$116,421$79,104▼ $37,317
Total Liabilities$116,421$214,104▲ $97,683
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,293,265$3,344,868▲ $1,051,603
Net Assets Without Donor Restrictions$2,447,980$2,483,550▲ $35,570
Total Net Assets Fund Balance$4,741,245$5,828,418▲ $1,087,173
Total Liabilities and Net Assets / Fund Balance$4,857,666$6,042,522▲ $1,184,856

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$33,048$82,450$115,498
Other Assets Org$-818,651--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,075,730
Program Service Revenue
$0
Investment Income
$13,512
Other Revenue
$637,193
All Other Contributions
$2,075,730
Change in Net Assets
$1,087,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,726,435
Revenue Not Reported on Form 990
$52,339
Total Revenue per Audited Statements
$2,778,774
Total Revenue per Form 990
$2,726,435
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$829,599
Salaries, Compensation, and Employee Benefits$794,879
Total Fundraising Expense$264,421
Grants and Similar Amounts Paid$14,784
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$479,109$72,933$152,048$704,090
Occupancy$80,408$29,982$9,190$119,580
Payroll Taxes$52,110$7,932$16,538$76,580
Fees for Services Accounting-$64,934-$64,934
All Other Expenses$2,079$18,621$5,653$26,353
Fees for Services Other$1,783$6,714$17,081$25,578
Other Expenses$3,187$10,748$11,666$22,414
Insurance$14,891$1,294$2,764$18,949
Depreciation Depletion$16,586--$16,586
Grants to Domestic Orgs$14,784--$14,784
Other Employee Benefits$9,669$1,472$3,068$14,209
Advertising$102$4,503$3,050$7,655
Office Expenses$221$5,107$376$5,704
Travel$21$2,967$143$3,131
Total Functional Expenses$1,138,834$236,007$264,421$1,639,262

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,691,601
Expenses per Audited Statements$1,639,262
Total Expenses per Form 990$1,639,262
Expenses Not Reported on Form 990$52,339
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FRIENDS OF TEDDY EBERSOL'S RED SOXBoston, MA-Maintenance and Care$14,784
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$660,708
Fundraising Direct Expenses$23,515
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$536,814$536,814$23,515$513,299
Other Special E$123,894$123,894-$123,894
Total Events$660,708$660,708$23,515$637,193
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan - Paycheck Protection Progr$135,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft of the form 990 is reviewed by management and the organization's finance committee. Upon review, discussion andd approval of the finance committee, the form 990 is then submitted to the board electronically (or paper via mail, if requested). Upon board approval, executive director of the organization signs the form 990. The signed form 990 is made available in the organization's office for all board members' review as requested.

Form 990, Page 6, Part VI, Line 12C

Directors complete and sign a conflict of interest form on an annual basis.

Form 990, Page 6, Part VI, Line 15A

Executive director compensation is determined and approved by the board of directors.

Form 990, Page 6, Part VI, Line 15B

Staff compensation is determined during the budget process involving the executive director and the organization's chairperson and executive committee.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 and audited financial statements are available on the commonwealth of massachusetts department of attorney general's website, as well as other publicly available websites free of charge.

Form 990, Page 6, Part VI, Line 19

The organization will make governing documents and other information available upon request.

Filing and Contact Details

Filer

Filer Name
Esplanade Association Inc
EIN
04-3550635
Phone
6172270365
Address
575 BOYLSTON STREET SUITE 4R, BOSTON, MA 02116

Signing Officer

Name
Michael Nichols
Title
Executive Director
Phone
6172270365
Signed
2021-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Nichols
Formed
2001
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
22
Employees
14
Volunteers
1,600

Preparer

Firm
Bacallconniff Inc
Address
111 STATE STREET, BOSTON, MA 02109-2905
Preparer
Jeffery E Richards
Phone
6173673250
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The organization works closely with the massachusetts department of conservation and recreation, community organizations, businesses, corporations, foundations and individuals. Together, they plan, design and implement important maintenance, restoration, enhancement and programmatic projects and events for the benefit of the millions of individuals who visit the park each year. The organization's work focuses on: -projects designed to significantly improve the use, aesthetics and safety of the park, including maintenance and improvement of ballfields, pathways, and playgrounds, installation of new wayfinding signage, commissioning of public art, and the redevelopment of the lee pool site into a first-rate gathering, recreational and operational space. - programs that enrich the enjoyment of visitors to the park, connect people from diverse backgrounds and communities, and promote a strong sense of park ownership, including free fitness classes, concerts, children's activities, tours, volunteer events, cultural activities, and more. - advocacy for public policies and resource allocation that help protect and preserve the park for the benefit of diverse communities. Other programs: - ongoing maintenance of the park, specifically in the area of geese control, lawn maintenance, tree care and maintenance, shoreline vegetative management, rehabilitation of monuments and historic park elements, to promote a clean and cared for natural habitat; - producing or hosting dozens of fee-based activities, including 5k races, dog events, social events, sponsored fitness classes, and more: - collaboration on improving food and beverage offerings in the park, including the development of a beer garden and improving food offerings in the park.

Form 990, Page 12, Part XII, Line 2C

The executive director reviews and approves the financial statements. Upon the executive director's review, the finance committee will review, discuss and approve the financials for submission to the full board of directors. Finance committee reviews the selection of the cpa firm charged with performing the audit of the financial statements.

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IRS990/Desc0THE ORGANIZATION WORKS CLOSELY WITH THE MASSACHUSETTS DEPARTMENT OF CONSERVATION AND RECREATION, COMMUNITY ORGANIZATIONS, BUSINESSES, CORPORATIONS, FOUNDATIONS AND INDIVIDUALS. TOGETHER, THEY PLAN, DESIGN AND IMPLEMENT IMPORTANT MAINTENANCE, RESTORATION, ENHANCEMENT AND PROGRAMMATIC PROJECTS AND EVENTS FOR THE BENEFIT OF THE MILLIONS OF INDIVIDUALS WHO VISIT THE PARK EACH YEAR. THE ORGANIZATION'S WORK FOCUSES ON: -PROJECTS DESIGNED TO SIGNIFICANTLY IMPROVE THE USE, AESTHETICS AND SAFETY OF THE PARK, INCLUDING MAINTENANCE AND IMPROVEMENT OF BALLFIELDS, PATHWAYS, AND PLAYGROUNDS, INSTALLATION OF NEW WAYFINDING SIGNAGE, COMMISSIONING OF PUBLIC ART, AND THE REDEVELOPMENT OF THE LEE POOL SITE INTO A FIRST-RATE GATHERING, RECREATIONAL AND OPERATIONAL SPACE. - PROGRAMS THAT ENRICH THE ENJOYMENT OF VISITORS TO THE PARK, CONNECT PEOPLE FROM DIVERSE BACKGROUNDS AND COMMUNITIES, AND PROMOTE A STRONG SENSE OF PARK OWNERSHIP, INCLUDING FREE FITNESS CLASSES, CONCERTS, CHILDREN'S ACTIVITIES, TOURS, VOLUNTEER EVENTS, CULTURAL ACTIVITIES, AND MORE. - ADVOCACY FOR PUBLIC POLICIES AND RESOURCE ALLOCATION THAT HELP PROTECT AND PRESERVE THE PARK FOR THE BENEFIT OF DIVERSE COMMUNITIES. OTHER PROGRAMS: - ONGOING MAINTENANCE OF THE PARK, SPECIFICALLY IN THE AREA OF GEESE CONTROL, LAWN MAINTENANCE, TREE CARE AND MAINTENANCE, SHORELINE VEGETATIVE MANAGEMENT, REHABILITATION OF MONUMENTS AND HISTORIC PARK ELEMENTS, TO PROMOTE A CLEAN AND CARED FOR NATURAL HABITAT; - PRODUCING OR HOSTING DOZENS OF FEE-BASED ACTIVITIES, INCLUDING 5K RACES, DOG EVENTS, SOCIAL EVENTS, SPONSORED FITNESS CLASSES, AND MORE: - COLLABORATION ON IMPROVING FOOD AND BEVERAGE OFFERINGS IN THE PARK, INCLUDING THE DEVELOPMENT OF A BEER GARDEN AND IMPROVING FOOD OFFERINGS IN THE PARK.
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IRS990/Form990PartVIISectionAGrp/PersonNm18CLARE RICHER
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR, DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR,
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER, D
IRS990/Form990PartVIISectionAGrp/TitleTxt3CLERK, DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.3$0.41$22.9$9.93$3.38$6.55
2023Detailed filing. Detailed filing data is available for this year.$16.6$0.42$16.2$9.29$2.48$6.81
2022Detailed filing. Detailed filing data is available for this year.$9.79$0.53$9.27$3.88$1.99$1.89
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.93$0.50$7.43$3.46$1.86$1.60
2020Detailed filing. Detailed filing data is available for this year.$6.04$0.21$5.83$2.73$1.64$1.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.86$0.12$4.74$4.39$1.42$2.97
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.02$0.24$1.77$1.69$1.35$0.34
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.56$0.13$1.43$1.46$1.41$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.49$0.11$1.38$1.47$1.19$0.28
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.21$0.11$1.10$1.20$0.87$0.33
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.48$0.71$0.95$0.73$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.09$0.50$0.77$0.62$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.07$0.34$0.70
2011Summary only. Only limited summary data is available for this year.$0.52$0.02$0.50$0.63$0.69$0.05