Civic Intelligence

Waterfront Alliance Inc.

990 • Fiscal year 2015 • EIN 13-4355067

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 08, 2016

217 Water StreetNew York, NY 10038

(212) 935-9831

Siviq Scores

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

Liabilities / Assets

28th percentile

0.05x

Higher debt load relative to assets than 28% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

17th percentile

0.03x

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

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-26%

Higher net margin than 14% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$194,171

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2015 filings • NTEE S • $1M-$5M nonprofits • Source year 2015

Asset Growth

3rd percentile

-32%

Faster asset growth than 3% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

2015 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$648,803

Down $303,494 (-32%) from 2014

Net Assets

Down

$616,626

Down $307,037 (-33%) from 2014

Liabilities

Up

$32,177

Up $3,543 (+12%) from 2014

Revenue

Down

$1,166,457

Down $201,296 (-15%) from 2014

Expenses

Up

$1,473,494

Up $267,345 (+22%) from 2014

Net Income

Down

-$307,037

Down $468,641 (-290%) from 2014

Historical Trend

Balance Sheet Trend

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

$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

2015

Assets$648,803
Liabilities$32,177
Net Assets$616,626

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$1,166,457
Expenses$1,473,494
Net Income-$307,037
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 8, 2016
Return Version
2015v2.1
Gross Receipts
$1,254,092
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$301,087-
Pledges and Grants Receivable$297,759$160,229▼ $137,530
Cash and Non-Interest-Bearing Accounts$583,273$69,780▼ $513,493
Intangible Assets-$57,006-
Land, Buildings, and Equipment, Net$33,939$26,674▼ $7,265
Prepaid Expenses and Deferred Charges$5,212$15,580▲ $10,368
Accounts Receivable$13,667--
Total Assets$952,297$648,803▼ $303,494
Other Assets Total$18,447$18,447→ $0
Liabilities
Accounts Payable and Accrued Expenses$25,323$24,233▼ $1,090
Other Liabilities$3,311$7,944▲ $4,633
Total Liabilities$28,634$32,177▲ $3,543
Net Assets / Fund Balance
Unrestricted Net Assets$642,663$541,626▼ $101,037
Temporarily Rstr Net Assets$281,000$75,000▼ $206,000
Total Net Assets Fund Balance$923,663$616,626▼ $307,037
Total Liabilities and Net Assets / Fund Balance$952,297$648,803▼ $303,494

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,963$31,681$38,644
Leasehold Improvements$19,711$1,516$21,227
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Roland Lewis--$174,700$19,741$194,441
Roland LewisPresident and CEOFT$184,700$9,471$194,171
MICHAEL O'KEEFEDirector-$119,090$10,591$129,681

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,145,029
Program Service Revenue
$41,812
Investment Income
$853
Other Revenue
$-21,237
All Other Contributions
$669,814
Change in Net Assets
$-307,037

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,166,457
Revenue Not Reported on Form 990
$133,635
Total Revenue per Audited Statements
$1,300,092
Total Revenue per Form 990
$1,166,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$898,908
Other Expenses$554,586
Total Fundraising Expense$172,610
Professional Fundraising Fees$20,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$376,226$18,999$59,800$455,025
Current Officers, Directors, Trustees, and Key Employees$262,267$21,555$24,727$308,549
Fees for Services Other$91,514$417$869$92,800
Occupancy$65,133$4,137$8,623$77,893
Other Employee Benefits$60,029$3,813$7,947$71,789
Office Expenses$34,037$781$18,792$53,610
Payroll Taxes$44,547$2,830$5,897$53,274
Fees for Services Lobbying$0$30,000$0$30,000
Fees for Services Accounting$18,272$1,161$2,419$21,852
Fees for Services Professional Fundraising--$20,000$20,000
Depreciation Depletion$15,608$991$2,066$18,665
Conferences and Meetings$8,605$547$1,139$10,291
Pension Plan Contributions$8,588$546$1,137$10,271
Other Expenses$8,347$530$1,105$9,982
Information Technology$7,951$505$1,053$9,509
Insurance$6,451$133$278$6,862
Travel$3,151$200$417$3,768
All Other Expenses$0$2,907$0$2,907
Total Functional Expenses$1,210,534$90,350$172,610$1,473,494

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,607,129
Expenses per Audited Statements$1,473,494
Total Expenses per Form 990$1,473,494
Expenses Not Reported on Form 990$133,635
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$87,635
Fundraising Gross Income$64,550
Professional Fundraising Fees$20,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heroes Gala$453,765$64,550$87,635$-23,085
Total Events$453,765$64,550$87,635$-23,085
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$7,944
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Filing and Contact Details

Filer

Filer Name
Waterfront Alliance Inc
EIN
13-4355067
Phone
2129359831
Address
217 WATER STREET, NEW YORK, NY 10038

Signing Officer

Name
Roland Lewis
Title
President
Phone
2129359831
Signed
2016-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roland Lewis
Formed
2007
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
21
Employees
11
Volunteers
600

Preparer

Firm
Rich and Bander Llp
Address
15 WEST 28TH ST SUITE 7A, NEW YORK, NY 10001
Preparer
Jonathan a Bander
Phone
2126842470
Supplemental Narrative

Additional Explanations

Other

Form 990, part 1, line 1 description of organization mission:the waterfront alliance works to protect, transform, and revitalize the new york harbor and waterfront. It does so through three focus areas: 1) communication and collaboration 2) policy initiatives and 3) direct service.

Other

Part iii, line 4a: communications and collaborationrebranding, waterwire, and website in july 2015, the waterfront alliance re-launched our brand, website, and associated collateral (including becoming the "waterfront alliance"-dropping "metropolitan" from our name) to convey a clear and unified message to our audiences and stakeholders. This effort also included a redesign of waterwire, our twice-monthly electronic newsletter with distribution to more than 10,000 recipients, featuring quality journalism about waterfront policy, news, and events. Our new website and waterwire are mobile- and tablet-responsive, allowing us to literally be at the fingertips of anyone looking for waterfront news, information, and resources. Our website continues to be seen as the leading source for regional waterfront events, journalism, research, waterfront access, and regional and city-wide waterfront policy. In 2015 we revised and implemented a full-scale rebranding and overhaul of the site, including full integration of social media networks and a new city of water day micro-site. Media and publications the waterfront alliance continues to enjoy outstanding success earning media exposure through our events, conferences, and general advocacy including coverage by outlets such as ny1 news, national public radio, the british broadcasting corporation, the new york times, crain's, the guardian, next city, and the new york daily news. This success has increased public awareness of the potential of our waterfront and has influenced public policy discussions as we work to create a more resilient city in the face of rising sea levels. In may 2015, we released the report "climate change accounting: what is the cost?"-a call to action for a comprehensive capital strategy to dramatically reduce our region's flood risk from climate change-related storms and sea level rise through 2100. The report is available to download on our website. Alliance partnersin 2015 the waterfront alliance grew its alliance from 830 to nearly 900 members representing maritime businesses, architects and designers, environmental groups, community organizations, and recreational boaters, among others. Part ii, line 4b: policy initiativesferry transit programsince the launch of our ferry transit program in january 2013, the waterfront alliance has become the primary non-governmental advocate for expanded and enhanced ferry service in new york city. We have spearheaded a two-pronged advocacy strategy, engaging city council members and public officials to facilitate policy shifts and secure future government subsidies, as well as organizing grassroots ferry campaigns in neighborhoods that could benefit from ferry service. In february 2015, the waterfront alliance achieved one of its primary goals when mayor bill de blasio announced plans for an affordable, frequent, citywide ferry service by 2018. Ongoing advocacy by the waterfront alliance at both the grassroots level and to elected representatives pressed the issue forward, raising a call for ferry transit service to bay ridge, roosevelt island, coney island, and other underserved districts. Waterfront conferenceour annual waterfront conference is the new york metropolitan region's preeminent gathering for the waterfront, regularly attracting more than 600 attendees. Each year, the waterfront conference promises a full day of discourse, workshops, and presentations focused on a broad waterfront theme. Our 2015 waterfront conference was held on may 7 aboard the hornblower infinity under the theme shaping your 21st century waterfront, with keynote speaker timothy beatley, ph.d., professor of sustainable communities at the university of virginia.waterfront edge design guidelines (wedg)the waterfront alliance developed wedg as a way to achieve real and necessary change at the waterfront. With input from hundreds of waterfront experts, we created guidelines and an incentive-based ratings system. We earned the support of all major gover

Pt VI, 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.

Pt VI, 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.

Pt VI, 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.

Pt VI, 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 217 Water Street, suite 300, New York, NY 10038 or by calling the Organization directly at (212)935-9831.

Pt XII, Line 2C

The Organization estabished an Audit Committee in April 2015 that among other things, assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Form 990, Part IX, Line 24E

Miscellaneous 2907. 0. 2907. 0.

Financial Statement Notes

Pt X, Line 2

The Organization has evaluated its current tax positions and has concluded that as of December 31, 2015, there are no significant uncertain tax positions for which a reserve would be necessary.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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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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IRS990/OtherExpensesGrp/ProgramServicesAmt38347
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23201
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IRS990/ProgSrvcAccomActy3Grp/Desc0SEE SCHEDULE O FOR DIRECT SERVICE.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt019569
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IRS990/PYTotalExpensesAmt01206149
IRS990/PYTotalProfFndrsngExpnsAmt016657
IRS990/PYTotalRevenueAmt01367753
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IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-307037
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false

Document Assets

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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