Civic Intelligence

The Bay Park Conservancy Inc

EIN 81-4653473 • 501(c)3 • Sarasota, FL

Profile

The organizations mission is to design and plan, develop and ultimately manage a new public park on Sarasota Bay, for the city of Sarasota and its community, that is financially feasible, operationally viable and environmentally sustainable.

655 N Tamiami TrailSarasota, FL 34236

bayparkconservancy.thebaysarasota.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.14x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

87th percentile

1.36x

Higher debt load relative to revenue than 87% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

1st percentile

-358%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

2nd percentile

-68%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Up

$15,937,875

Up $7,022,725 (+79%) from 2023

Liabilities

Up

$1,978,614

Up $652,916 (+49%) from 2023

Net Assets

Up

$13,959,261

Up $6,369,809 (+84%) from 2023

Revenue

Up

$15,890,710

Up $2,275,086 (+17%) from 2023

Expenses

Up

$9,828,610

Up $4,453,687 (+83%) from 2023

Net Income

Down

$6,062,100

Down $2,178,601 (-26%) from 2023

Trend Graphs

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2017: $198,996Liabilities 2017: $0Net Assets 2017: $198,9962017Assets 2018: $272,714Liabilities 2018: $354Net Assets 2018: $272,3602018Assets 2019: $7,996,278Liabilities 2019: $231,251Net Assets 2019: $7,765,0272019Assets 2020: $9,659,485Liabilities 2020: $791,187Net Assets 2020: $8,868,2982020Assets 2021: $16,645,209Liabilities 2021: $1,557,742Net Assets 2021: $15,087,4672021Assets 2022: $5,269,856Liabilities 2022: $5,993,192Net Assets 2022: -$723,3362022Assets 2023: $8,915,150Liabilities 2023: $1,325,698Net Assets 2023: $7,589,4522023Assets 2024: $15,937,875Liabilities 2024: $1,978,614Net Assets 2024: $13,959,2612024

Highlighted filing

2024

Assets$15,937,875
Liabilities$1,978,614
Net Assets$13,959,261

Operations Trend

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

$30M$20M$10M$0-$10M-$20MRevenue 2017: $544,780Expenses 2017: $345,784Net Income 2017: $198,9962017Revenue 2018: $1,613,550Expenses 2018: $1,540,186Net Income 2018: $73,3642018Revenue 2019: $9,311,992Expenses 2019: $1,819,325Net Income 2019: $7,492,6672019Revenue 2020: $6,655,199Expenses 2020: $5,551,928Net Income 2020: $1,103,2712020Revenue 2021: $18,178,827Expenses 2021: $11,975,267Net Income 2021: $6,203,5602021Revenue 2022: $4,409,974Expenses 2022: $20,182,419Net Income 2022: -$15,772,4452022Revenue 2023: $13,615,624Expenses 2023: $5,374,923Net Income 2023: $8,240,7012023Revenue 2024: $15,890,710Expenses 2024: $9,828,610Net Income 2024: $6,062,1002024

Highlighted filing

2024

Revenue$15,890,710
Expenses$9,828,610
Net Income$6,062,100

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 10, 2025
Return Version
2024v5.1
Gross Receipts
$16,056,835
Mission and Program Overview

Mission

The organizations mission is to present a vibrant, comprehensive, long-term master plan for the City of Sarasota and its community that is financially feasible, operationally viable and environmentally sustainable.

To conserve 53 acres of public land for a signature park along sarasota bay.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$5,005,934$7,653,294▲ $2,647,360
Savings and Temporary Cash Investments$2,293,342$6,297,762▲ $4,004,420
Pledges and Grants Receivable$76,227$1,797,013▲ $1,720,786
Cash and Non-Interest-Bearing Accounts$67,930$81,097▲ $13,167
Land, Buildings, and Equipment, Net$43,657$68,416▲ $24,759
Accounts Receivable$1,405,334$22,206▼ $1,383,128
Prepaid Expenses and Deferred Charges$22,726$18,087▼ $4,639
Total Assets$8,915,150$15,937,875▲ $7,022,725
Liabilities
Accounts Payable and Accrued Expenses$1,245,916$1,936,559▲ $690,643
Other Liabilities$50,147$0▼ $50,147
Deferred Revenue$29,635$42,055▲ $12,420
Total Liabilities$1,325,698$1,978,614▲ $652,916
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,733,272$9,680,027▲ $4,946,755
Net Assets With Donor Restrictions$2,856,180$4,279,234▲ $1,423,054
Total Net Assets Fund Balance$7,589,452$13,959,261▲ $6,369,809
Total Liabilities and Net Assets / Fund Balance$8,915,150$15,937,875▲ $7,022,725

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$38,533$16,073$54,606
Buildings$29,883$1,573$31,456
Other Securities$7,653,294--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$5,005,934$2,056,000▲ $591,360-$7,653,294
2023$2,573,524$2,417,136▲ $145,274$130,000$5,005,934
2022$2,586,634$23,600▼ $36,710-$2,573,524
2021$240,000$2,312,788▲ $33,846-$2,586,634
2020$240,000---$240,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steven R GermaineCFOFT$126,900$26,869$153,769
Derick E KitsonDirector of Operations Through 11/30/24FT$130,518$18,682$149,200

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Agency Landscape And Planning LLCPark Design And Consulting1430 MASSACHUSETTS AVENUE 4TH FLOOR, Cambridge, MA 02138$1,542,331
Sweet Sparkman Architecture & InteriorsArchitecture1819 MAIN STREET SUITE 400, Sarasota, FL 34237$360,757
CumminscederbergCoastal And Marine Environment Engineeri7550 RED ROAD SUITE 217, South Miami, FL 33143$252,455
Kimley-horn And AssociatesEngineering, Planning And Design Consult421 FAYETTEVILLE STREET SUITE 600, Raleigh, NC 27601$223,585
Stutler StrategiesProject Development Consulting Services235 N ORANGE AVENUE SUITE 201, Sarasota, FL 34236$173,570
Revenue and Support

Revenue Composition

Contributions and Grants
$15,535,536
Program Service Revenue
$0
Investment Income
$349,711
Other Revenue
$5,463
All Other Contributions
$8,142,123
Change in Net Assets
$6,062,100

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 Table1$309,605Fair Market Value (FMV)
Total Noncash Contributions1$309,605-

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,890,710
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$473,834
Total Revenue per Audited Statements
$16,364,544
Total Revenue per Form 990
$15,890,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,902,888
Salaries, Compensation, and Employee Benefits$925,722
Total Fundraising Expense$151,204
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,033,218$12,008$908$3,046,134
Other Salaries and Wages$538,458$1,766$89,235$629,459
Current Officers, Directors, Trustees, and Key Employees$30,754$123,015-$153,769
Insurance$59,181$17,889$2,677$79,747
Other Employee Benefits$62,569$8,369$4,474$75,412
Fees for Services Accounting-$67,456-$67,456
Payroll Taxes$45,041$8,516$7,291$60,848
Office Expenses$41,435$4,485$2,630$48,550
Other Expenses$48,506$40,402$2,621$48,506
All Other Expenses--$41,368$41,368
Fees for Services Legal-$12,345-$12,345
Depreciation Depletion$11,596--$11,596
Pension Plan Contributions$6,234--$6,234
Total Functional Expenses$9,381,155$296,251$151,204$9,828,610

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,994,735
Expenses per Audited Statements$9,828,610
Total Expenses per Form 990$9,828,610
Expenses Not Reported on Form 990$166,125
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 Direct Expenses$166,125
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2nd Anniversary$202,233-$16,750-
Total Events$202,233-$166,125$-166,125
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 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, Part VI, Section B, Line 11B

The completed form 990 is reviewed and approved by the finance committee, then forwarded to the remaining board members for review before filing.

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

The conflict-of-interest policy is approved by the city of sarasota and is part of the partnership agreement between the city and the bay park conservancy. It is reconfirmed annually at the september board meeting.

Form 990, Part VI, Section B, Line 15

The members of the executive committee of the board, in consultation with subject matter experts in master planning, design, urban planning, human resource management and not-for-profit management, participated in a review of position descriptions and related compensation. Subsequent approval was received by the executive committee of the board.

Form 990, Part VI, Section C, Line 19

The bay park conservancy, inc operates under the florida public meetings and open records laws. All board meetings are publicly noticed, documents are posted on the bay park conservancy website and all applicable records are open for public review.

Filing and Contact Details

Filer

Filer Name
The Bay Park Conservancy Inc
EIN
81-4653473
Phone
9412035316
Address
655 N TAMIAMI TRAIL, SARASOTA, FL 34236

Signing Officer

Name
A G Lafley
Title
CEO
Phone
9412035316
Signed
2025-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
A G Lafley
Formed
2016
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
12
Volunteers
100

Preparer

Firm
Mauldin & Jenkins LLC
Address
1401 MANATEE AVE W STE 1200, BRADENTON, FL 34205
Preparer
Brian Carter
Phone
9417474483
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Design and consulting: program service expenses 2,999,027. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,999,027. Other: program service expenses 34,191. Management and general expenses 12,008. Fundraising expenses 908. Total expenses 47,107.

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The bay qualifies as a charitable organization as defined by internal revenue code section 501(c)(3) and, accordingly, is exempt from federal income taxes under internal revenue code section 501 (a). However, the organization is subject to income tax on unrelated business income. For the year ended december 31, 2024, the bay incurred no income tax expense. It is the organization's policy to account for any uncertainties in income tax law in accordance with fasb asc 740-10, accounting for uncertainty in income taxes. Asc 740-10 clarifies the accounting for uncertain income tax positions and requires that the bay recognize the impact of such a tax position in its financial statements if, upon ultimate settlement, that position is more-likely-than-not to be sustained. Management has evaluated the bay's tax positions and concluded that the bay has maintained its taxexempt status and has taken no uncertain tax positions that require adjustment to the financial statements. As a result, no provision or liability for income taxes has been included in the financial statements. The bay files a 990 return of organization exempt from income tax.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 166,125.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses 166,125.

Raw XML AppendixShowing 400 of 642 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0TO CONSERVE 53 ACRES OF PUBLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0AGENCY LANDSCAPE AND PLANNING LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1SWEET SPARKMAN ARCHITECTURE & INTERIORS
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IRS990/Desc0THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL", THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY CONSERVES, PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS, PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE TO THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. SINCE THEN, THERE HAVE BEEN MORE THAN 730K VISITORS TO THE PARK. PHASE 2, THE NEXT 14 ACRE $65M DEVELOPMENT, BEGAN IN THE SUMMER OF 2024 AND ENCOMPASSES MULTIPLE PROJECTS. PHASE 2 IS BEING PARTIALLY FUNDED BY $48M IN CITY OF SARASOTA TIF BONDS. IN TOTAL, THE COMPLETED PARK WILL COST AN ESTIMATED $200M AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES.
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IRS990/Form990PartVIISectionAGrp/PersonNm5EMILY WALSH
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IRS990/Form990PartVIISectionAGrp/PersonNm7IAN BLACK
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVE BOTELHO
IRS990/Form990PartVIISectionAGrp/PersonNm9CARLOS DE QUESADA
IRS990/Form990PartVIISectionAGrp/PersonNm10ANTHONY GAMELIN
IRS990/Form990PartVIISectionAGrp/PersonNm11CHARLES HINES
IRS990/Form990PartVIISectionAGrp/PersonNm12JEFF JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm13JENNIFER JORGENSEN
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK PRITCHETT
IRS990/Form990PartVIISectionAGrp/PersonNm15LESLIE TURNER
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2130518
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt1CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIR. OF OPERATIONS THROUGH 11/30/24
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IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
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IRS990/FormationYr02016
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IRS990/FSAuditedInd01
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IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BAY PARK CONSERVANCY (BPC) WAS FORMED TO IMPLEMENT THE MASTER PLAN APPROVED BY THE SARASOTA CITY COMMISSION TO CONSERVE 53 ACRES OF PUCLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY. THE BPC ENTERED A LONG-TERM PARTNERSHIP WITH THE CITY TO HELP FUND, DEVELOP, OPERATE, MAINTAIN AND PROGRAM THE SIGNATURE PARK FOR THE BENEFIT OF THE COMMUNITY NOW, AND FOR GENERATIONS TO COME.
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IRS990/NoncashContributionsAmt0309605
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt02630
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/ReconcilationRevenueExpnssAmt06062100
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IRS990/RentalIncomeOrLossGrp/RealAmt0132118
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt06297762
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt013400587
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt04382172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt018150925
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06575582
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0349711
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027072
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt027902
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt046426
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0666148

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