Esplanade Association INC FY2020 filing

Tax-deductible

Boston, MA501(c)(3)Since 2001Arts & CultureEIN 04-3550635Revenue $2.7M in FY2020

On file with the IRSesplanadeassociation.org575 Boylston St Ste 4r, 02116-3634 · Boston, MATax-exempt since Apr 2001Publicly supported charity — 170(b)(1)(A)(vi)

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To revitalize and enhance the charles river Esplanade, preserve natural green space and build community by providing educational, cultural and recreational programs for everyone.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.6M a year · 61% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
30 mo
of spending, in cash
Looks good: 29.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
34
named funders · $5.8M
Looks good: 34 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$214K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 22 voting members
Looks good: 22 of 22 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
Spent
$1.6M
To programs
69%
Net assets
$5.8M
By yearFY2020–FY2024
Revenue
$2.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.5M
FY2022$3.9M
FY2023$9.3M
FY2024$9.9M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.9M
FY2022$2.0M
FY2023$2.5M
FY2024$3.4M
Net assets
$5.8M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$5.8M
FY2021$7.4M
FY2022$9.3M
FY2023$16.2M
FY2024$22.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $1.1M Management & general 14% · $236K Fundraising 16% · $264K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
Chair, Direc
$0Pt VII · Sec A
Vice Chair,
$0Pt VII · Sec A
Treasurer, D
$0Pt VII · Sec A
Clerk, Direc
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jennifer Mergel’s $205K as Executive Di is at the 85th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2021
Jennifer Mergel$205,420—
Michael Nichols—$160,003

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Enhances the Charles River Esplanade with green space, education, culture, and recreation for all.

Questions for Esplanade Association INC

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

The organization works closely with the massachusetts department of conservation and recreation, community organizations, businesses, corporations, foundations and individuals. Together, they plan, design and implement important maintenance, restoration, enhancement and programmatic projects and events for the benefit of the millions of…

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 34 funders →
Grants paid · 7 grants · $143K · 2020–2024
Celebrity Series of BostonMA · FY2023$50,000
Boston Art and Music Soul Fest INCFY2023$18,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.1M
Other incomeLn 4–11$637K
Investment incomeLn 3$14K
Money outPt IX
$1.6M
Ln 25
Programscol B$1.1M
Managementcol C$236K
Fundraisingcol D$264K
Owns and owesPt X
$5.8M
net assets · Ln 32
Cash and savingsLn 1–2$4.1M
Total assetsLn 16$6.0M
LiabilitiesLn 26$214K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a22
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$14K
Other incomeLn 4–11$637K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$4.1M
Land, buildings, equipmentLn 10c$33K
Other assetsLn 15$1.1M
Total assetsLn 16$6.0M
LiabilitiesLn 26$214K
Net assetsLn 32$5.8M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6700
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3.0M$4.1M
Land, buildings, equipmentLn 10c$50K$33K
Total assetsLn 16$4.9M$6.0M
LiabilitiesLn 26$116K$214K
Net assetsLn 32$4.7M$5.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Other salaries and wagesLn 7$704K$479K$73K$152K
Other employee benefitsLn 9$14K$10K$1K$3K
Payroll taxesLn 10$77K$52K$8K$17K
Accounting feesLn 11c$65K$65K
Other fees for servicesLn 11g$26K$2K$7K$17K
Advertising and promotionLn 12$8K$102$5K$3K
Office expensesLn 13$6K$221$5K$376
OccupancyLn 16$120K$80K$30K$9K
TravelLn 17$3K$21$3K$143
Depreciation, depletion and amortizationLn 22$17K$17K
InsuranceLn 23$19K$15K$1K$3K
Other expenses (24a–d)Ln 24$541K$467K$20K$55K
All other expensesLn 24e$26K$2K$19K$6K
Total functional expensesLn 25$1.6M$1.1M$236K$264K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.9M$3.4M$6.5M$22.9M 990 PDF
FY2023 $9.3M$2.5M$6.8M$16.2M 990 PDF
FY2022 $3.9M$2.0M$1.9M$9.3M 990 PDF
FY2021 $3.5M$1.9M$1.6M$7.4M 990 PDF
FY2020 Viewing $2.7M$1.6M$1.1M$5.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,726,435 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,229,772$2,075,730
I-9 Program service revenue$0
I-10 Investment incomePrior year $20,157$13,512
I-11 Other revenuePrior year $1,138,762$637,193
I-12 Total revenuePrior year $4,388,691$2,726,435
I-13 Grants and similar amounts paidPrior year $51,930$14,784
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $706,566$794,879
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $661,375$829,599
I-18 Total expensesPrior year $1,419,871$1,639,262
I-19 Revenue less expensesPrior year $2,968,820$1,087,173
Part VI · Governance 22 of 22 board members independent, no flags
VI-1a Voting members of the governing body22
VI-1b Independent voting members22
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,726,435 across 5 lines filed
VIII-1f All other contributions, gifts and grants$2,075,730
VIII-1h Total contributions, gifts and grants$2,075,730
VIII-3 Investment incomeExcluded from tax $13,512$13,512
VIII-8 Net income from fundraising events$637,193
VIII-12 Total revenueExcluded from tax $13,512$2,726,435
Part IX · Statement of functional expenses $1,639,262 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $14,784$14,784
IX-7 Other salaries and wagesPrograms $479,109 · Management $72,933 · Fundraising $152,048$704,090
IX-9 Other employee benefitsPrograms $9,669 · Management $1,472 · Fundraising $3,068$14,209
IX-10 Payroll taxesPrograms $52,110 · Management $7,932 · Fundraising $16,538$76,580
IX-11c Accounting feesManagement $64,934$64,934
IX-11g Other fees for servicesPrograms $1,783 · Management $6,714 · Fundraising $17,081$25,578
IX-12 Advertising and promotionPrograms $102 · Management $4,503 · Fundraising $3,050$7,655
IX-13 Office expensesPrograms $221 · Management $5,107 · Fundraising $376$5,704
IX-16 OccupancyPrograms $80,408 · Management $29,982 · Fundraising $9,190$119,580
IX-17 TravelPrograms $21 · Management $2,967 · Fundraising $143$3,131
IX-22 Depreciation, depletion and amortizationPrograms $16,586$16,586
IX-23 InsurancePrograms $14,891 · Management $1,294 · Fundraising $2,764$18,949
IX-24 Other expenses (24a–d)Programs $467,071 · Management $19,548 · Fundraising $54,510$541,129
IX-24e All other expensesPrograms $2,079 · Management $18,621 · Fundraising $5,653$26,353
IX-25 Total functional expensesPrograms $1,138,834 · Management $236,007 · Fundraising $264,421$1,639,262
Part X · Balance sheet $6,042,522 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,027,522$1,130,982
X-2 Savings and temporary cash investmentsStart of year $1,982,813$2,935,840
X-3 Pledges and grants receivableStart of year $531,500$818,651
X-9 Prepaid expenses and deferred chargesStart of year $4,646$6,943
X-10c Land, buildings and equipment, netStart of year $49,634$33,048
X-15 Other assetsStart of year $1,160,577$1,117,058
X-16 Total assetsStart of year $4,857,666$6,042,522
X-17 Accounts payable and accrued expensesStart of year $116,421$79,104
X-25 Other liabilities$135,000
X-26 Total liabilitiesStart of year $116,421$214,104
X-27 Net assets without donor restrictionsStart of year $2,447,980$2,483,550
X-28 Net assets with donor restrictionsStart of year $2,293,265$3,344,868
X-32 Total net assets or fund balancesStart of year $4,741,245$5,828,418
X-33 Total liabilities and net assetsStart of year $4,857,666$6,042,522
Part XI · Reconciliation of net assets $5,828,418 net assets at year end
XI-1 Total revenue$2,726,435
XI-2 Total expenses$1,639,262
XI-3 Revenue less expenses$1,087,173
XI-4 Net assets at start of year$4,741,245
XI-10 Net assets at end of year$5,828,418

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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