Civic Intelligence

Waterfront Alliance Inc

EIN 13-4355067 • 501(c)3 • New York, NY

Profile

See schedule o for the waterfront alliance, inc.'s mission statement.

256 West 36th Street 11th FloorNew York, NY 10018

waterfrontalliance.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.32x

Higher debt load relative to revenue than 61% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-62%

Higher net margin than 7% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$241,133

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-32%

Faster asset growth than 5% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

7th percentile

-48%

Faster revenue growth than 7% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,058,070

Down $986,919 (-32%) from 2023

Liabilities

Up

$577,077

Up $131,517 (+30%) from 2023

Net Assets

Down

$1,480,993

Down $1,118,436 (-43%) from 2023

Revenue

Down

$1,819,478

Down $1,665,717 (-48%) from 2023

Expenses

Up

$2,950,039

Up $596,712 (+25%) from 2023

Net Income

Down

-$1,130,561

Down $2,262,429 (-200%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $452,466Liabilities 2010: $65,278Net Assets 2010: $387,1882010Assets 2011: $347,626Liabilities 2011: $56,977Net Assets 2011: $290,6492011Assets 2012: $459,778Liabilities 2012: $26,936Net Assets 2012: $432,8422012Assets 2013: $785,229Liabilities 2013: $23,170Net Assets 2013: $762,0592013Assets 2014: $952,297Liabilities 2014: $28,634Net Assets 2014: $923,6632014Assets 2015: $648,803Liabilities 2015: $32,177Net Assets 2015: $616,6262015Assets 2016: $935,863Liabilities 2016: $97,180Net Assets 2016: $838,6832016Assets 2017: $774,876Liabilities 2017: $59,475Net Assets 2017: $715,4012017Assets 2018: $769,571Liabilities 2018: $80,737Net Assets 2018: $688,8342018Assets 2019: $885,218Liabilities 2019: $80,657Net Assets 2019: $804,5612019Assets 2020: $857,481Liabilities 2020: $273,448Net Assets 2020: $584,0332020Assets 2021: $1,397,130Liabilities 2021: $193,637Net Assets 2021: $1,203,4932021Assets 2022: $1,896,176Liabilities 2022: $435,475Net Assets 2022: $1,460,7012022Assets 2023: $3,044,989Liabilities 2023: $445,560Net Assets 2023: $2,599,4292023Assets 2024: $2,058,070Liabilities 2024: $577,077Net Assets 2024: $1,480,9932024

Highlighted filing

2024

Assets$2,058,070
Liabilities$577,077
Net Assets$1,480,993

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $862,0262010Expenses 2011: $906,5252011Revenue 2012: $1,134,930Expenses 2012: $992,737Net Income 2012: $142,1932012Revenue 2013: $1,388,710Expenses 2013: $1,059,493Net Income 2013: $329,2172013Revenue 2014: $1,367,753Expenses 2014: $1,206,149Net Income 2014: $161,6042014Revenue 2015: $1,166,457Expenses 2015: $1,473,494Net Income 2015: -$307,0372015Revenue 2016: $1,527,225Expenses 2016: $1,305,168Net Income 2016: $222,0572016Revenue 2017: $1,321,055Expenses 2017: $1,444,345Net Income 2017: -$123,2902017Revenue 2018: $1,360,369Expenses 2018: $1,386,936Net Income 2018: -$26,5672018Revenue 2019: $1,541,322Expenses 2019: $1,425,595Net Income 2019: $115,7272019Revenue 2020: $1,364,400Expenses 2020: $1,585,066Net Income 2020: -$220,6662020Revenue 2021: $2,187,207Expenses 2021: $1,570,469Net Income 2021: $616,7382021Revenue 2022: $2,284,710Expenses 2022: $2,023,517Net Income 2022: $261,1932022Revenue 2023: $3,485,195Expenses 2023: $2,353,327Net Income 2023: $1,131,8682023Revenue 2024: $1,819,478Expenses 2024: $2,950,039Net Income 2024: -$1,130,5612024

Highlighted filing

2024

Revenue$1,819,478
Expenses$2,950,039
Net Income-$1,130,561

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.58$1.48$1.82$2.95$1.13
2023Detailed filing. Detailed filing data is available for this year.$3.04$0.45$2.60$3.49$2.35$1.13
2022Detailed filing. Detailed filing data is available for this year.$1.90$0.44$1.46$2.28$2.02$0.26
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.19$1.20$2.19$1.57$0.62
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.27$0.58$1.36$1.59$0.22
2019Summary only. Only limited summary data is available for this year.$0.89$0.08$0.80$1.54$1.43$0.12
2018Summary only. Only limited summary data is available for this year.$0.77$0.08$0.69$1.36$1.39$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.77$0.06$0.72$1.32$1.44$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.10$0.84$1.53$1.31$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.03$0.62$1.17$1.47$0.31
2014Detailed filing. Detailed filing data is available for this year.$0.95$0.03$0.92$1.37$1.21$0.16
2013Detailed filing. Detailed filing data is available for this year.$0.79$0.02$0.76$1.39$1.06$0.33
2012Summary only. Only limited summary data is available for this year.$0.46$0.03$0.43$1.13$0.99$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.06$0.29$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.07$0.39$0.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,936,255
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,810,504$1,049,164▼ $761,340
Cash and Non-Interest-Bearing Accounts$719,080$452,201▼ $266,879
Prepaid Expenses and Deferred Charges$53,948$135,914▲ $81,966
Savings and Temporary Cash Investments$129,985$130,050▲ $65
Accounts Receivable$69,500$82,500▲ $13,000
Investments in Publicly Traded Securities$48,146$74,291▲ $26,145
Land, Buildings, and Equipment, Net$13,478$8,455▼ $5,023
Total Assets$3,044,989$2,058,070▼ $986,919
Other Assets Total$200,348$125,495▼ $74,853
Liabilities
Deferred Revenue$107,500$272,500▲ $165,000
Accounts Payable and Accrued Expenses$142,055$184,909▲ $42,854
Other Liabilities$196,005$119,668▼ $76,337
Total Liabilities$445,560$577,077▲ $131,517
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,950,207$874,342▼ $1,075,865
Net Assets Without Donor Restrictions$649,222$606,651▼ $42,571
Total Net Assets Fund Balance$2,599,429$1,480,993▼ $1,118,436
Total Liabilities and Net Assets / Fund Balance$3,044,989$2,058,070▼ $986,919

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,546$41,494$43,040
Leasehold Improvements$6,909$30,526$37,435
Other Assets Org$18,119--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$2,080,192$194,423▲ $582$1,270,805$1,004,392
2023$930,337$1,800,747-$650,892$2,080,192
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cortney WorrallPresident and CEOFT$202,800$38,333$241,133
David EzerDirector of EventsFT$102,256$20,986$123,242
Joseph SutkowiChief Waterfront Design OfficerFT$107,327$2,931$110,258
Furhana HusaniDirector of Programs and Climate InitiativesFT$107,000$2,866$109,866
Revenue and Support

Revenue Composition

Contributions and Grants
$1,616,892
Program Service Revenue
$164,432
Investment Income
$2,450
Other Revenue
$35,704
All Other Contributions
$995,263
Change in Net Assets
$-1,130,561

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,819,478
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$47,088
Total Revenue per Audited Statements
$1,866,566
Total Revenue per Form 990
$1,819,478
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,540,432
Other Expenses$1,398,703
Total Fundraising Expense$365,538
Grants and Similar Amounts Paid$10,904
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$856,505$58,579$132,055$1,047,139
Fees for Services Other$525,623$13,655$127,687$666,965
Current Officers, Directors, Trustees, and Key Employees$197,263$13,481$30,390$241,134
Other Employee Benefits$110,843$7,543$17,005$135,391
Payroll Taxes$86,235$5,868$13,229$105,332
Occupancy$72,268$4,669$10,525$87,462
Fees for Services Lobbying-$61,000-$61,000
Office Expenses$40,075$1,900$15,037$57,012
Conferences and Meetings$43,258$1,019$2,298$46,575
Fees for Services Accounting-$29,150-$29,150
Insurance$11,602$793$1,789$14,184
Pension Plan Contributions$9,363$637$1,436$11,436
Grants to Domestic Individuals$10,904--$10,904
All Other Expenses$7,508$379$854$8,741
Other Expenses$7,014$480$1,081$8,575
Depreciation Depletion$5,048$345$779$6,172
Fees for Services Legal-$6,000-$6,000
Total Functional Expenses$2,359,267$225,234$365,538$2,950,039

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,985,002
Expenses per Audited Statements$2,950,039
Total Expenses per Form 990$2,950,039
Expenses Not Reported on Form 990$34,963
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$147,876
Fundraising Direct Expenses$116,777
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heroes - Harbor Gala$548,377$147,876-$147,876
Total Events$548,377$147,876$116,777$31,099
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Portion of Operating Lease Liability$119,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Section B, Line 11B

Waterfront alliance has the form 990 prepared by an outside accounting firm and has established the following process to ensure that the information reported is complete and accurate. The president, treasurer, and finance committee meet with the outside accountant and review the form 990 in detail to ensure that it correctly reflects all activities and policies at waterfront alliance. The final version is sent to the board of directors prior to submission to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is applicable to directors, officers, and employees who can influence the actions of waterfront alliance. If an employee believes that they have a conflict, they should disclose it to the ceo, who shall bring the matter to the attention of the board. If a director believes they have a conflict, they should disclose it to the board chair, who shall bring it to the board's attention. The board shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair, and reasonable to waterfront alliance. The decision of the board on these matters will rest in their sole discretion, and their concern must be the welfare of waterfront alliance and the advancement of its purpose.

Form 990, Part VI, Section B, Line 15A

The decision on salary of the ceo was taken by the full board on recommendation by the executive committee. Prior to discussion with the executive committee, the treasurer and the chairs of the board and the governance committee reviewed comparable salary information researched by the treasurer; performance reviews of the ceo compiled by the governance chair; the fiscal condition of the organization; and prior salary history.

Form 990, Part VI, Section C, Line 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code by posting it on guidestar.org and its own website. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 256 w 36 street, floor 11, new york, ny 10018 or by calling the organization directly at (212)935-9831.

Filing and Contact Details

Filer

Filer Name
Waterfront Alliance Inc
EIN
13-4355067
Phone
2129359831
Address
256 WEST 36TH STREET 11TH FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Chris Ward
Title
Interim President and CEO
Phone
2129359831
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chris Ward
Formed
2007
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
17
Employees
18
Volunteers
18

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Part I - Line 1

Since 2007, the waterfront alliance has grown into a coalition of more than 1,100 partner organizations working together to build, transform, revitalize, and protect accessible waterfronts for all communities. With more than 1,100 alliance partners, the organization serves as the new york-new jersey region's preeminent advocate for coastal resilience and adaptation, equitable waterfront access, a thriving maritime economy, and climate education.

Part III - Line 1

Since 2007, the waterfront alliance has grown into a coalition of more than 1,100 partner organizations working together to build, transform, revitalize, and protect accessible waterfronts for all communities. With more than 1,100 alliance partners, the organization serves as the new york-new jersey region's preeminent advocate for coastal resilience and adaptation, equitable waterfront access, a thriving maritime economy, and climate education.

Part III - Line 4A

Wedg (waterfront edge design guidelines): - the illinois beach state park shoreline stabilization project becomes the first wedg verified site on a freshwater waterbody and the first breakwaters, great lakes, and rural project to achieve wedg verification. - the south battery park city resiliency project becomes the 13th project nationally to achieve wedg (waterfront edge design guidelines) verification. Waterfront education and access: - we reach a record-breaking 1,300 new york city students during the 2023-2024 school year through estuary explorers, our hands-on climate and waterfront education program. - we launch the youth ambassadors for climate resilience program to train estuary explorers student alumni on educating and preparing their families and neighbors for extreme weather events. - during our full-day estuary explorers teacher training, educators earn continuing education credits and learn how to incorporate climate change lesson plans directly into their public school classrooms throughout new york city. - waterfront alliance's estuary explorers teacher training program earns continuing teacher and leader education (ctle) sponsor status, now offering 4 ctle credits to participating educators and professional development in climate change education, lesson plan integration, and networking with peers. Rise to resilience coalition advocacy results: - we champion the successful passage of three climate resilience bills in the 2024 new york state legislative session: alternative delivery, public notice, and the green roof tax abatement. These pieces of legislation will help deliver climate resilient infrastructure more quickly and efficiently and incentivize the implementation of green roofs across new york city. - we organize the first in-person rise to resilience coalition "advocacy day" in albany, ny and complete a total of 24 meetings with state senators and assemblymembers, positioning our climate resilience priorities front and center for key decision makers - we host our second new york city council "teach-in" with we act for environmental justice and new york league of conservation voters to share our collective climate resilience priorities with city councilmembers and their staff. - the rise to resilience coalition publishes the 2024 policy platform to establish a roadmap and priorities for advancing comprehensive climate resilience. Climate informed communities: - we produce a "know your rights" video and training series to help people understand how climate impacts will affect them and how to prepare themselves, their families, and their homes. - we present our "know your rights" training and resources to more than one hundred community organizers, agency employees, and local leaders at the march 6, 2024 community preparedness symposium organized by the nyc office of emergency management. Resilience / other: - waterfront alliance completes an existing conditions assessment of flushing meadows corona park to understand the most significant flooding concerns. - waterfront alliance joins the extreme heat coalition, joining we act, earth justice, and south bronx unite, and others, advocating for heat adaptation legislation at the state and city levels. We release the first formal waterfront alliance policy platform, laying out our 2024 legislative priorities and a roadmap for change.

Form 990, Part IX, Line 11G

Consultants: program service expenses 525,623. Management and general expenses 13,655. Fundraising expenses 127,687. Total expenses 666,965.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt19CHIEF WATERFRONT DESIGN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF EVENTS
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