Civic Intelligence

The Esplanade Association Inc

990 • Fiscal year 2024 • EIN 04-3550635

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 20, 2025

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

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.04x

Higher debt load relative to revenue than 13% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$205,420

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

92nd percentile

40%

Faster asset growth than 92% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

6.9%

Faster revenue growth than 47% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$23,278,130

Up $6,638,604 (+40%) from 2023

Net Assets

Up

$22,864,387

Up $6,646,642 (+41%) from 2023

Liabilities

Down

$413,743

Down $8,038 (-1.9%) from 2023

Revenue

Up

$9,929,669

Up $643,716 (+6.9%) from 2023

Expenses

Up

$3,384,537

Up $905,596 (+37%) from 2023

Net Income

Down

$6,545,132

Down $261,880 (-3.8%) from 2023

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

2024

Assets$23,278,130
Liabilities$413,743
Net Assets$22,864,387

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

2024

Revenue$9,929,669
Expenses$3,384,537
Net Income$6,545,132
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.0
Gross Receipts
$37,929,065
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
Investments in Publicly Traded Securities$12,037,791$16,604,332▲ $4,566,541
Pledges and Grants Receivable$972,400$3,213,450▲ $2,241,050
Land, Buildings, and Equipment, Net$638,408$2,169,986▲ $1,531,578
Cash and Non-Interest-Bearing Accounts$432,317$300,056▼ $132,261
Intangible Assets$247,250$130,000▼ $117,250
Prepaid Expenses and Deferred Charges$69,409$69,883▲ $474
Savings and Temporary Cash Investments$555,481$171▼ $555,310
Total Assets$16,639,526$23,278,130▲ $6,638,604
Other Assets Total$1,686,470$790,252▼ $896,218
Liabilities
Accounts Payable and Accrued Expenses$174,531$283,743▲ $109,212
Other Liabilities$247,250$130,000▼ $117,250
Total Liabilities$421,781$413,743▼ $8,038
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,718,933$17,644,179▲ $4,925,246
Net Assets Without Donor Restrictions$3,498,812$5,220,208▲ $1,721,396
Total Net Assets Fund Balance$16,217,745$22,864,387▲ $6,646,642
Total Liabilities and Net Assets / Fund Balance$16,639,526$23,278,130▲ $6,638,604

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,163,495-$2,163,495
Equipment$6,491$96,262$102,753
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jennifer MergelExecutive Di$205,420$205,420
Jennifer MergelExecutive Director$205,420$205,420

Board Members and Trustees

NameTitle
Alexi ConineChair, Direc
Emi WintererVice Chair,
Adam ForknerDirector
Audrey FosterDirector
Bob HedgesDirector
Carolina SaveDirector
Casey BainesDirector
Catherine T MorrisDirector
Clare RicherDirector
Gonzague De MontrichardDirector
Hope SidmanDirector
Jake LemleDirector
James FosterDirector
Jeryl OristaglioDirector
Joan PattonDirector
Mary Lou SeidnerDirector
Matthew Lane OstrowDirector
Melissa DruleyDirector
Teresa KosterDirector
Tony PangaroDirector
Tom LewisClerk, Direc
Harvey BekerTreasurer, D

Highest Paid Contractors

ContractorServicesLocationCompensation
Maryann Thompson ArchitectsArchitect-$831,891
Tom Goemaat Construction Project MaProject Mgmt-$192,000
Max Ultimate FoodEvent Mgmt-$154,389
Goulston StorrsLegal-$151,500
Peak Event ServiceEvent Mgmt-$148,377
Revenue and Support

Revenue Composition

Contributions and Grants
$9,203,730
Program Service Revenue
$0
Investment Income
$715,471
Other Revenue
$10,468
All Other Contributions
$7,981,173
Change in Net Assets
$6,545,132

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$466,662
Total Noncash Contributions1$466,662

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,929,669
Revenue Not Reported on Form 990
$101,510
Total Revenue per Audited Statements
$10,031,179
Total Revenue per Form 990
$9,929,669
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,916,898
Salaries, Compensation, and Employee Benefits$1,451,639
Total Fundraising Expense$436,226
Grants and Similar Amounts Paid$16,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$724,247$183,877$156,828$1,064,952
Current Officers, Directors, Trustees, and Key Employees$139,701$35,468$30,251$205,420
Occupancy$84,171$33,358$23,035$140,564
Payroll Taxes$70,434$17,882$15,252$103,568
Fees for Services Other$4,177$89,107$1,077$94,361
Other Employee Benefits$52,841$13,416$11,442$77,699
Other Expenses$2,062$205$44,987$47,254
Office Expenses$4,927$29,501$2,352$36,780
Advertising$17,567$5,824$25$23,416
Insurance$16,331$4,256$2,344$22,931
Grants to Domestic Orgs$16,000--$16,000
Fees for Services Accounting$659$14,070$170$14,899
Depreciation Depletion$6,884$3,269-$10,153
Travel$72$20-$92
Total Functional Expenses$2,513,328$434,983$436,226$3,384,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,384,537
Total Expenses per Audited Statements$3,384,537
Total Expenses per Form 990$3,384,537
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FRIENDS OF TEDDY EBERSOL'S RED SOXBoston, MA-Maintenance and Care$16,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$593,916
Fundraising Gross Income$593,916
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$1,556,068$535,269$535,269$0
Other Special E$260,405$58,647$58,647$0
Total Events$1,816,473$593,916$593,916-
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$130,000
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 and 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
Jennifer Mergel
Title
Executive Director
Phone
6172977484
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Mergel
Formed
2001
Legal Domicile
Ma
Voting Board Members
22
Independent Board Members
22
Employees
20
Volunteers
1,719

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 donation based activities including a 5k race, boston marathon team, volunteer activites, and annual events: - collaboration on improving food and beverage offerings in the park and organizing free fitness classes.

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IRS990/ActivityOrMissionDesc0TO REVITALIZE AND ENHANCE THE CHARLES RIVER ESPLANADE, PRESERVE NATURAL GREEN SPACE AND BUILD COMMUNITY BY PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS FOR EVERYONE.
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IRS990/Form990PartVIISectionAGrp/PersonNm12GONZAGUE DE MONTRICHARD
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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/TitleTxt22EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt01222557
IRS990/FundraisingDirectExpensesAmt0593916
IRS990/FundraisingGrossIncomeAmt0593916
IRS990/GainOrLossGrp/SecuritiesAmt0-7364
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IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt016000
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt016000
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt027398116
IRS990/GrossReceiptsAmt037929065
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO REVITALIZE AND ENHANCE THE CHARLES RIVER ESPLANADE, PRESERVE NATURAL GREEN SPACE AND BUILD COMMUNITY BY PROVIDING EDUCATIONAL, CULTURAL AND RECREATIONAL PROGRAMS FOR EVERYONE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OtherExpensesGrp/Desc0PROGRAM/PROJECT COSTS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04730
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1205
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IRS990/OtherExpensesGrp/ProgramServicesAmt12062
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IRS990/OtherExpensesGrp/TotalAmt1153193
IRS990/OtherExpensesGrp/TotalAmt247254
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0724247
IRS990/OtherSalariesAndWagesGrp/TotalAmt01064952
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017882
IRS990/PayrollTaxesGrp/ProgramServicesAmt070434
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt069883
IRS990/PrincipalOfficerNm0JENNIFER MERGEL
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt08982175
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt084223
IRS990/PYInvestmentIncomeAmt0301278
IRS990/PYOtherExpensesAmt01209191
IRS990/PYOtherRevenueAmt02500
IRS990/PYRevenuesLessExpensesAmt06807012
IRS990/PYSalariesCompEmpBnftPaidAmt01185527

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
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