Civic Intelligence

Mount Vernon Place Conservancy Inc.

990 • Fiscal year 2019 • EIN 26-3589281

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 24, 2020

PO Box 2394Baltimore, MD 21203

(410) 962-5070

Siviq Scores

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

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

6th percentile

-72%

Higher net margin than 6% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$80,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

12th percentile

-38%

Faster asset growth than 12% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$366,123

Down $224,357 (-38%) from 2018

Net Assets

Down

$331,956

Down $228,096 (-41%) from 2018

Liabilities

Up

$34,167

Up $3,739 (+12%) from 2018

Revenue

Up

$316,243

Up $34,533 (+12%) from 2018

Expenses

Up

$544,339

Up $168,820 (+45%) from 2018

Net Income

Down

-$228,096

Down $134,287 (-143%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $2,480,096Liabilities 2013: $74,984Net Assets 2013: $2,405,1122013Assets 2016: $892,230Liabilities 2016: $5,924Net Assets 2016: $886,3062016Assets 2017: $688,159Liabilities 2017: $34,298Net Assets 2017: $653,8612017Assets 2018: $590,480Liabilities 2018: $30,428Net Assets 2018: $560,0522018Assets 2019: $366,123Liabilities 2019: $34,167Net Assets 2019: $331,9562019Assets 2020: $586,711Liabilities 2020: $72,930Net Assets 2020: $513,7812020Assets 2021: $603,329Liabilities 2021: $62,059Net Assets 2021: $541,2702021Assets 2022: $547,708Liabilities 2022: $9,154Net Assets 2022: $538,5542022Assets 2024: $1,443,114Liabilities 2024: $14,124Net Assets 2024: $1,428,9902024

Highlighted filing

2019

Assets$366,123
Liabilities$34,167
Net Assets$331,956

Operations Trend

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

$2.0M$1.0M$0-$1.0MExpenses 2013: $449,9542013Revenue 2016: $1,134,089Expenses 2016: $893,148Net Income 2016: $240,9412016Revenue 2017: $478,735Expenses 2017: $741,180Net Income 2017: -$262,4452017Revenue 2018: $281,710Expenses 2018: $375,519Net Income 2018: -$93,8092018Revenue 2019: $316,243Expenses 2019: $544,339Net Income 2019: -$228,0962019Revenue 2020: $588,931Expenses 2020: $407,103Net Income 2020: $181,8282020Revenue 2021: $436,468Expenses 2021: $408,979Net Income 2021: $27,4892021Revenue 2022: $576,214Expenses 2022: $582,448Net Income 2022: -$6,2342022Revenue 2024: $1,889,768Expenses 2024: $927,792Net Income 2024: $961,9762024

Highlighted filing

2019

Revenue$316,243
Expenses$544,339
Net Income-$228,096
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 24, 2020
Return Version
2018v3.1
Gross Receipts
$402,422
Mission and Program Overview

Mission

The Mount Vernon Place Conservancy Inc's mission is to be the full-time single management entity responsible for the historic restoration, oversight and protection of the Washington Monument, along with maintenance and management of Mount Vernon Place.

The mount vernon place conservancy was formed to make mount vernon place a world class cultural attraction supporting adjacent cultural institutions and neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$571,030$351,309▼ $219,721
Pledges and Grants Receivable$19,450$14,800▼ $4,650
Investments in Publicly Traded Securities-$14-
Total Assets$590,480$366,123▼ $224,357
Liabilities
Accounts Payable and Accrued Expenses$25,471$23,932▼ $1,539
Other Liabilities$4,957$10,235▲ $5,278
Total Liabilities$30,428$34,167▲ $3,739
Net Assets / Fund Balance
Unrestricted Net Assets$44,593$274,824▲ $230,231
Temporarily Rstr Net Assets$515,459$57,132▼ $458,327
Total Net Assets Fund Balance$560,052$331,956▼ $228,096
Total Liabilities and Net Assets / Fund Balance$590,480$366,123▼ $224,357
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lance HumphriesExecutive DirectorFT$80,000$80,000
Revenue and Support

Revenue Composition

Contributions and Grants
$273,053
Program Service Revenue
$48,628
Investment Income
$0
Other Revenue
$-5,438
All Other Contributions
$165,447
Change in Net Assets
$-228,096

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 AmountValuation Method
Other Non Cash Contri Table3$88,665Hourly Rate Schedule
Other Non Cash Contri Table2$53,225Hourly Rate Schedule
Total Noncash Contributions5$141,890-

Audited Revenue Reconciliation

Revenue per Audited Statements
$316,243
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$228,068
Total Revenue per Audited Statements
$544,311
Total Revenue per Form 990
$316,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$320,523
Salaries, Compensation, and Employee Benefits$223,816
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$143,816--$143,816
Current Officers, Directors, Trustees, and Key Employees-$80,000-$80,000
Other Expenses$28,033$1,798-$28,033
Fees for Services Other-$17,707-$17,707
Office Expenses-$4,502-$4,502
Insurance-$4,213-$4,213
Occupancy-$3,086-$3,086
Information Technology$2,020--$2,020
All Other Expenses-$1,669-$1,669
Total Functional Expenses$431,364$112,975$0$544,339

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$772,407
Expenses per Audited Statements$544,339
Total Expenses per Form 990$544,339
Expenses Not Reported on Form 990$228,068
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$86,179
Fundraising Gross Income$80,741
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Expenses$8,416
Sales Tax Payable$1,819
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
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

All board members review the 990 at their scheduled board meeting.

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

The board members fill out a conflict of interest survey annually.

Form 990, Part VI, Section C, Line 19

All documents are available via the organization's website.

Filing and Contact Details

Filer

Filer Name
Mount Vernon Place Conservancy Inc
EIN
26-3589281
Phone
4109625070
Address
PO BOX 2394, BALTIMORE, MD 21203

Signing Officer

Name
Giovanni Alberotanza
Title
Treasurer
Phone
4109625070
Signed
2020-03-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Giovanni Alberotanza
Formed
2008
Legal Domicile
Md
Voting Board Members
22
Independent Board Members
22
Employees
8
Volunteers
0

Preparer

Firm
Weil Akman Baylin & Coleman Pa
Address
201 WEST PADONIA RD SUITE 600, TIMONIUM, MD 21093-2186
Preparer
Ezra Kronglas CPA
Phone
4105614411
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

FLOWER MART 86,178.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

FLOWER MART 86,178.

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IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0ADMISSIONS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048628
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048628
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CONSERVANCY IS RESPONSIBLE FOR MAINTAINING THE WASHINGTON MONUMENT, AS WELL AS MAINTAINING THE FOUR PARKS SQUARES AROUND IT. VARIOUS CONTRACTED SERVICES ARE USED AT THE MONUMENT FOR INTERNET, ETC. IN THE PARKS, THE CONSERVANCY HAS A CONTRACT WITH A PROFESSIONAL LANDSCAPER TO MAINTAIN THE GRASS, URNS, PLANTINGS AND HANGING BASKETS. IN ADDITION, FUNDS WERE SPENT ON PROGRAM ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042295
IRS990/ProgSrvcAccomActy3Grp/Desc0THE CONSERVANCY EMPLOYED TWO FULL TIME OFFICE STAFF TO MANAGE THE GENERAL OPERATIONS OF THE CONSERVANCY, AS WELL AS SEVERAL PART TIME EMPLOYEES TO STAFF THE WASHINGTON MONUMENT. A CONSULTANT AND WEBSITE HOSTING COMPANY WERE PAID ON CONTRACT.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0143816
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt048628
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FLOWER MART EVENT HAS PASSED TO THE MT. VERNON PLACE CONSERVANCY CONTROL.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt086159
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0232265
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0146252
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt049445
IRS990/PYRevenuesLessExpensesAmt0-93809
IRS990/PYSalariesCompEmpBnftPaidAmt0229267
IRS990/PYTotalExpensesAmt0375519
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0281710
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-228096
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/CommunityTrustInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0321680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0327993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0521690
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01097812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03210873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05480048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0461
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0490
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0117018
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt05480048
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0321680
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0327993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0521690
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01097812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03210873
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05480048
IRS990ScheduleA/TotalSupportAmt05480538
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0141890
IRS990ScheduleD/DonatedServicesUseFcltsAmt0141890
IRS990ScheduleD/ExpensesNotReportedAmt0228068
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0544339
IRS990ScheduleD/OtherExpensesIncludedAmt086178
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11819
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SALES TAX PAYABLE
IRS990ScheduleD/OtherRevenueAmt086178
IRS990ScheduleD/RevenueNotReportedAmt0228068
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0316243
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FLOWER MART 86,178.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FLOWER MART 86,178.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0544339
IRS990ScheduleD/TotalLiabilityAmt010235
IRS990ScheduleD/TotalRevenuePerForm990Amt0316243
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0544311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0772407
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt03
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt12
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0PROFESSIONAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1PROFESSIONAL SERVICES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0HOURLY RATE SCHEDULE
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1HOURLY RATE SCHEDULE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt088665
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt153225
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL BOARD MEMBERS REVIEW THE 990 AT THEIR SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS FILL OUT A CONFLICT OF INTEREST SURVEY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE VIA THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MD
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0515459
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt057132
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0590480
IRS990/TotalAssetsEOYAmt0366123
IRS990/TotalAssetsGrp/BOYAmt0590480
IRS990/TotalAssetsGrp/EOYAmt0366123
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0273053
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00

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