Civic Intelligence

Anacostia Waterfront Trust

990 • Fiscal year 2016 • EIN 47-4353114

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

1156 15th Street NW No 600Washington, DC 20005

(202) 223-4560

Siviq Scores

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

Liabilities / Assets

76th percentile

0.29x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.12x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

57th percentile

5.7%

Higher net margin than 57% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$155,400

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Assets

$292,186

No earlier filing loaded for comparison.

Net Assets

$207,691

No earlier filing loaded for comparison.

Liabilities

$84,495

No earlier filing loaded for comparison.

Revenue

$701,582

No earlier filing loaded for comparison.

Expenses

$661,857

No earlier filing loaded for comparison.

Net Income

$39,725

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2016: $292,186Liabilities 2016: $84,495Net Assets 2016: $207,6912016Assets 2017: $183,711Liabilities 2017: $110,137Net Assets 2017: $73,5742017Assets 2018: $149,936Liabilities 2018: $124,810Net Assets 2018: $25,1262018

Highlighted filing

2016

Assets$292,186
Liabilities$84,495
Net Assets$207,691

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2016: $701,582Expenses 2016: $661,857Net Income 2016: $39,7252016Revenue 2017: $583,503Expenses 2017: $717,620Net Income 2017: -$134,1172017Revenue 2018: $405,873Expenses 2018: $454,321Net Income 2018: -$48,4482018

Highlighted filing

2016

Revenue$701,582
Expenses$661,857
Net Income$39,725
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$701,582
Mission and Program Overview

Mission

The anacostia waterfront trust's mission is to help to create a resilient, equity-enhancing anacostia waterfront and corridor, on a restored anacostia river, for everyone to enjoy.

Restore the anacostia river, strengthen adjacent communities and improves its parks.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$167,966$155,968▼ $11,998
Accounts Receivable-$136,218-
Total Assets$167,966$292,186▲ $124,220
Liabilities
Accounts Payable and Accrued Expenses-$84,495-
Total Liabilities$0$84,495▲ $84,495
Net Assets / Fund Balance
Unrestricted Net Assets$167,966$182,627▲ $14,661
Temporarily Rstr Net Assets-$25,064-
Total Net Assets Fund Balance$167,966$207,691▲ $39,725
Total Liabilities and Net Assets / Fund Balance$167,966$292,186▲ $124,220
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Doug SiglinExecutive DirectorFT$140,000$15,400$155,400
Steve RussoDirector of Finance and Admin.PT$56,000$12,674$68,674

Board Members and Trustees

NameTitle
Anthony a WilliamsChair
Andy AltmanBoard Member
Chris MurphyBoard Member
Denise Rolark BarnesBoard Member
Eric SiegelBoard Member
GLEN O'GILVIEBoard Member
Kendrick AshtonBoard Member
Kristin RechbergerBoard Member
Mary LandreauBoard Member
Michael StevensBoard Member
Zach LeonsisSecretary
Lionel LynchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$701,582
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$522,139
Change in Net Assets
$39,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$701,582
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$701,582
Total Revenue per Form 990
$701,582
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$345,122
Other Expenses$316,735
Total Fundraising Expense$83,148
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$143,703$44,886$35,485$224,074
Other Salaries and Wages$62,450$19,507$15,421$97,378
Fees for Services Other$53,456$103$81$53,640
Occupancy$23,566$7,211$5,702$36,479
Other Expenses$35,779-$18,647$35,779
Fees for Services Legal-$21,777-$21,777
Payroll Taxes$13,845$4,324$3,419$21,588
Office Expenses$10,976$4,230$2,517$17,723
Information Technology$5,003$1,563$1,235$7,801
Conferences and Meetings$7,778--$7,778
Pension Plan Contributions$3,248$1,014$802$5,064
Insurance-$2,650-$2,650
Travel$1,257$393$311$1,961
Other Employee Benefits$-1,913$-597$-472$-2,982
Total Functional Expenses$471,648$107,061$83,148$661,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$661,857
Total Expenses per Audited Statements$661,857
Total Expenses per Form 990$661,857
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
Yes
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

A complete copy of this return was provided to the entire board prior to filing.

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

The organization's staff and board review all transactions before they are executed to identify potential conflits of interest. If a real or perceved conflict of interest is identified, the transaction is modified to remove the conflict or the transaction is not executed. Additionally, as part of the annual independent audit process, the organization reviews all transactions at the end of each fiscal year to identify any conflicts of interest ot related party transactions that may not have been previously noted.

Form 990, Part VI, Section C, Line 19

Organization's governing documents, conflict of interest policy and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Anacostia Waterfront Trust
EIN
47-4353114
Phone
2022234560
Address
1156 15TH STREET NW NO 600, WASHINGTON, DC 20005

Signing Officer

Name
Douglas Siglin
Title
Executive Director
Phone
2022234560
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Douglas Siglin
Formed
2016
Legal Domicile
Dc
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
50

Preparer

Firm
Cliftonlarsonallen Llp
Address
901 N GLEBE ROAD SUITE 200, ARLINGTON, VA 22203
Preparer
David Trimner CPA
Phone
5712279500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization evaluated its tax positions and determined that the positions are more-likely-than-not to be sustained on examination. The association files as a tax exempt organizations; should that status be challenged in the future, all years since inception would be subject to review by the irs.

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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY STRENGTHENING:THE TRUST, WORKING CLOSELY WITH LOCAL STAKEHOLDER GROUPS, ENCOURAGES COMMUNITY EFFORTS TO PROMOTE INVESTMENT AND ECONOMIC DEVELOPMENT IN NEIGHBORHOODS ALONG THE ANACOSTIA RIVER. THE TRUST ENCOURAGES INCLUSIVE EFFORTS TO CREATE JOBS, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES. THE TRUST PLACES SPECIAL EMPHASIS ON ADDRESSING ISSUES FACING DISADVANTAGED NEIGHBORHOODS EAST OF THE RIVER.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PARK IMPROVEMENTS:THE TRUST WORKS WITH WATERFRONT LANDOWNERS, BOTH GOVERNMENTAL AND PRIVATE, TO DEVISE AND IMPLEMENT A SHARED VISION FOR CREATING A BEAUTIFUL AND DYNAMIC CIVIC SPACE STRETCHING ALONG THE LENGTH OF THE ANACOSTIA. THE ANACOSTIA PARKLANDS, WITH THEIR SWEEPING VIEWS OF THE NATION'S CAPITAL, HAVE THE POTENTIAL TO BE WORLD-CLASS AMENITIES. THE TRUST ENVISIONS AN ACTIVE, HEALTHY RIVERFRONT, WITH A VARIETY OF VIBRANT PROGRAMMING, WHICH WOULD BENEFIT RESIDENTS AND ATTRACT VISITORS FROM AROUND THE WORLD.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt038494
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt039725
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0701582
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0167966
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0869548
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0533046
IRS990ScheduleA/SubstantialContributorsTotAmt0336502
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0701582
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0167966
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0869548
IRS990ScheduleA/TotalSupportAmt0869548
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0661857
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0701582
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATED ITS TAX POSITIONS AND DETERMINED THAT THE POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. THE ASSOCIATION FILES AS A TAX EXEMPT ORGANIZATIONS; SHOULD THAT STATUS BE CHALLENGED IN THE FUTURE, ALL YEARS SINCE INCEPTION WOULD BE SUBJECT TO REVIEW BY THE IRS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0661857
IRS990ScheduleD/TotalRevenuePerForm990Amt0701582
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0701582
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0661857
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt011200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt04200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUG SIGLIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0155400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ANACOSTIA WATERFRONT TRUST (AWT) HAS NO EMPLOYEES. AWT SHARES EMPLOYEES OF THE FEDERAL CITY COUNCIL(FCC), AND THOSE INDIVIDUALS ARE PAID BY FCC. AWT REIMBURSES FCC FOR SALARY AND BENEFIT EXPENSES ATTRIBUTABLE TO TIME SPENT PROVIDING SERVICES TO AWT.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1DOUG SIGLIN, EXECUTIVE DIRECTOR, AND STEVE RUSSO, DIRECTOR OF FINANCE AND ADMINISTRATION, ARE COMPENSATED BY AN UNRELATED ORGANIZATION, FCC, FOR SERVICES PROVIDED TO AWT. THE AMOUNTS IN PART VII REPRESENT ONLY THE PORTION OF TOTAL COMPENSATION PAID BY FCC THAT ARE REIMBURSED BY AWT FOR SERVICES PROVIDED TO AWT.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990 PART VII SECTION A LINE 5
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THIS RETURN WAS PROVIDED TO THE ENTIRE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S STAFF AND BOARD REVIEW ALL TRANSACTIONS BEFORE THEY ARE EXECUTED TO IDENTIFY POTENTIAL CONFLITS OF INTEREST. IF A REAL OR PERCEVED CONFLICT OF INTEREST IS IDENTIFIED, THE TRANSACTION IS MODIFIED TO REMOVE THE CONFLICT OR THE TRANSACTION IS NOT EXECUTED. ADDITIONALLY, AS PART OF THE ANNUAL INDEPENDENT AUDIT PROCESS, THE ORGANIZATION REVIEWS ALL TRANSACTIONS AT THE END OF EACH FISCAL YEAR TO IDENTIFY ANY CONFLICTS OF INTEREST OT RELATED PARTY TRANSACTIONS THAT MAY NOT HAVE BEEN PREVIOUSLY NOTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC.
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/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt025064
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0167966
IRS990/TotalAssetsEOYAmt0292186
IRS990/TotalAssetsGrp/BOYAmt0167966
IRS990/TotalAssetsGrp/EOYAmt0292186
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0701582
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt083148
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0107061
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0471648
IRS990/TotalFunctionalExpensesGrp/TotalAmt0661857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt084495
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt084495
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0167966
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207691
IRS990/TotalOtherCompensationAmt028074
IRS990/TotalProgramServiceExpensesAmt0471648
IRS990/TotalReportableCompFromOrgAmt0196000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0701582
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0167966
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0292186

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