Civic Intelligence

The Esplanade Association Inc

990 • Fiscal year 2021 • EIN 04-3550635

Jan 01, 2021 to Dec 31, 2021 • Filed on May 31, 2022

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

39th percentile

0.06x

Higher debt load relative to assets than 39% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.15x

Higher debt load relative to revenue than 48% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

85th percentile

46%

Higher net margin than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

69th percentile

$167,548

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

82nd percentile

31%

Faster asset growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

27%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$7,930,971

Up $1,888,449 (+31%) from 2020

Net Assets

Up

$7,428,454

Up $1,600,036 (+27%) from 2020

Liabilities

Up

$502,517

Up $288,413 (+135%) from 2020

Revenue

Up

$3,458,484

Up $732,049 (+27%) from 2020

Expenses

Up

$1,858,448

Up $219,186 (+13%) from 2020

Net Income

Up

$1,600,036

Up $512,863 (+47%) from 2020

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

2021

Assets$7,930,971
Liabilities$502,517
Net Assets$7,428,454

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

2021

Revenue$3,458,484
Expenses$1,858,448
Net Income$1,600,036
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 31, 2022
Return Version
2021v4.0
Gross Receipts
$3,746,447
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$2,935,840$4,422,569▲ $1,486,729
Cash and Non-Interest-Bearing Accounts$1,130,982$975,017▼ $155,965
Pledges and Grants Receivable$818,651$737,147▼ $81,504
Intangible Assets-$457,333-
Land, Buildings, and Equipment, Net$33,048$20,960▼ $12,088
Prepaid Expenses and Deferred Charges$6,943$12,365▲ $5,422
Total Assets$6,042,522$7,930,971▲ $1,888,449
Other Assets Total$1,117,058$1,305,580▲ $188,522
Liabilities
Other Liabilities$135,000$457,333▲ $322,333
Accounts Payable and Accrued Expenses$79,104$45,184▼ $33,920
Total Liabilities$214,104$502,517▲ $288,413
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,344,868$4,725,758▲ $1,380,890
Net Assets Without Donor Restrictions$2,483,550$2,702,696▲ $219,146
Total Net Assets Fund Balance$5,828,418$7,428,454▲ $1,600,036
Total Liabilities and Net Assets / Fund Balance$6,042,522$7,930,971▲ $1,888,449

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$20,960$94,538$115,498
Other Assets Org$-737,147--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael NicholsExecutive DiFT$160,003$7,545$167,548
Michael NicholsExecutive Director-$160,003$7,545$167,548

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,515,002
Program Service Revenue
$0
Investment Income
$6,952
Other Revenue
$936,530
All Other Contributions
$2,237,102
Change in Net Assets
$1,600,036

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$44,469
Total Noncash Contributions1$44,469

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,458,484
Revenue Not Reported on Form 990
$44,469
Total Revenue per Audited Statements
$3,502,953
Total Revenue per Form 990
$3,458,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$945,631
Other Expenses$900,802
Total Fundraising Expense$350,380
Grants and Similar Amounts Paid$12,015
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$455,423$54,696$160,717$670,836
Current Officers, Directors, Trustees, and Key Employees$104,002$40,001$16,000$160,003
Occupancy$63,969$24,356$29,615$117,940
Fees for Services Accounting$4,365$67,623$1,430$73,418
Payroll Taxes$49,415$8,365$15,610$73,390
Other Employee Benefits$27,877$4,719$8,806$41,402
All Other Expenses$5,131$19,532$8,035$32,698
Other Expenses$8,046$3,028$9,568$20,642
Advertising$1,397$2,737$14,580$18,714
Insurance$13,552$2,365$2,309$18,226
Depreciation Depletion$12,089--$12,089
Grants to Domestic Orgs$12,015--$12,015
Fees for Services Other$451$6,979$148$7,578
Office Expenses$548$3,575$186$4,309
Travel$11$1,180$193$1,384
Total Functional Expenses$1,267,993$240,075$350,380$1,858,448

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,902,917
Expenses per Audited Statements$1,858,448
Total Expenses per Form 990$1,858,448
Expenses Not Reported on Form 990$44,469
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FRIENDS OF TEDDY EBERSOL'S RED SOXBoston, MA-Maintenance and Care$12,015
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,224,493
Fundraising Direct Expenses$287,963
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$1,065,115$1,065,115$287,963$777,152
Other Special E$159,378$159,378-$159,378
Total Events$1,224,493$1,224,493$287,963$936,530
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$457,333
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
6172977484
Signed
2022-05-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Nichols
Formed
2001
Legal Domicile
Ma
Voting Board Members
24
Independent Board Members
24
Employees
18
Volunteers
700

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.

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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
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24EXECUTIVE DI
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IRS990/PrincipalOfficerNm0MICHAEL NICHOLS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02075730
IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt013512
IRS990/PYOtherExpensesAmt0829599
IRS990/PYOtherRevenueAmt0637193
IRS990/PYRevenuesLessExpensesAmt01087173
IRS990/PYSalariesCompEmpBnftPaidAmt0794879
IRS990/PYTotalExpensesAmt01639262
IRS990/PYTotalRevenueAmt02726435
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01600036

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
2021Detailed filing. Detailed filing data is available for this year.$7.93$0.50$7.43$3.46$1.86$1.60
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
Peer Organizations

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