Riverfront Recapture INC FY2024 filing

Tax-deductible

Hartford, CT501(c)(3)Since 1981Recreation & SportsEIN 06-1045653

Riverfront Recapture' s mission is to connect people with the Connecticut River. This is accomplished through its goal of restoring public access to the Connecticut River and recognizing its potential to improve the quality of life for the region by increasing recreational and economic opportunities.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$675K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $633K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$675K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$517K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
42
of 44 voting members
Looks good: 42 of 44 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.0M
+8% vs prior year
Spent
$4.1M
To programs
90%
Net assets
$6.9M
By yearFY2020–FY2025
Revenue
$4.0M
FY2024▲ +8%
Revenue by fiscal year
FY2020$4.3M
FY2021$5.0M
FY2022$4.1M
FY2023$3.7M
FY2024$4.0M
FY2025$4.5M
Expenses
$4.1M
FY2024▲ +13%
Expenses by fiscal year
FY2020$2.5M
FY2021$3.4M
FY2022$3.9M
FY2023$3.6M
FY2024$4.1M
FY2025$4.3M
Net assets
$6.9M
FY2024▲ +3%
Net assets by fiscal year
FY2020$5.0M
FY2021$6.9M
FY2022$6.2M
FY2023$6.7M
FY2024$6.9M
FY2025$7.5M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1981.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.7M Management & general 3% · $138K Fundraising 7% · $286K

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

Who runs it and what they're paid

48 people listed on the 990; $675K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$166,720Pt VII · Sec A
Director of Park Planning & Development
$151,722Pt VII · Sec A
Dir Public Safety and Park Operations
$128,145Pt VII · Sec A
Finance Director
$113,395Pt VII · Sec A
Director of Development
$107,744Pt VII · Sec A
Secretary, Executive Committee
$7,719Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Ex-Officio Board Member
$0Pt VII · Sec A

Michael Zaleski’s $175K as President & CEO is at the 76th percentile of top reported officer pay among 1842 $1–10M recreation & sports 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael Zaleski$174,930$166,720$161,122$157,599$139,411$138,650
Marc Nicol$158,121$151,722$142,413$143,369$134,642$125,076
Robert Allan$135,284$128,145————
Peter Morse$115,435$113,395$105,218$106,305$98,352$98,152
Deborah Baker$111,294$107,744$103,941$106,983——
Christopher Hayes———$100,302——
Margaret Gregg$7,528$7,719$11,056$3,631$1,663$2,213
Liahna Gonda-King————$3,888—

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

Manages and programs riverfront parks, offering entertainment and activities for all ages.

Provided by the organization

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3 program services account for $3.7M of program spending, described in the organization's own filed words · FY2024.
01

Park Management and Development

Projects are underway to expand the park system north of the Boathouse to connect to the Windsor riverwalk. Funding was secured in 2017 for extending the riverwalk north of the Boathouse. Naming this stretch the "Joe Marfuggi Riverwalk" to honor the memory of Riverfront Recapture's former President & CEO, was authorized by the City of…

$2.4Mprogram expense
02

Recreational Programs

Riverfront Recapture's parks on both banks of the Connecticut River in Harford and East Hartford and the river provide various land and water recreation venues. Visitors to Riverfront Recapture parks participate in individual activities: walking, birdwatching, running, biking, snowshoeing, fishing, and more, and organized group…

$861Kprogram expense
03

Entertainment and Events

Riverfront Recapture offers family-friendly entertainment in the parks, ranging from cultural performances to concerts and festivals. Riverfront Recapture produces many events, such as the Riverfront Food Truck Festival, Asian Festival, and numerous music, dance, and arts events.

$391Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$18K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.0M
Ln 12
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$652K
Investment incomeLn 3$222K
Money outPt IX
$4.1M
Ln 25
Programscol B$3.7M
Managementcol C$138K
Fundraisingcol D$286K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$739K
Total assetsLn 16$7.4M
LiabilitiesLn 26$517K
PeoplePt VI, VII
48
listed · VII A
PaidVII A6
Voting boardVI 1a44
IndependentVI 1b42
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$2.1M
Noncash giftsLn 1g$48K
Fundraising eventsLn 1c$129K
Fees for servicesLn 2g$652K
Investment incomeLn 3$222K
Other incomeLn 4–11$6K
Gains on assetsLn 7$38K
Total revenueLn 12$4.0M
Assets in detailPt X, end of year
CashLn 1$246K
SavingsLn 2$493K
Cash and savings togetherLn 1–2$739K
InvestmentsLn 11–13$5.3M
Land, buildings, equipmentLn 10c$615K
Other assetsLn 15$278K
Total assetsLn 16$7.4M
LiabilitiesLn 26$517K
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 578
VolunteersI 6503
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 FY24End FY24
Cash and savingsLn 1–2$948K$739K
InvestmentsLn 11–13$5.0M$5.3M
Land, buildings, equipmentLn 10c$509K$615K
Total assetsLn 16$7.0M$7.4M
LiabilitiesLn 26$359K$517K
Net assetsLn 32$6.7M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$493K$347K$87K$58K
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$1.1M$943K$22K$122K
Pension plan contributionsLn 8$37K$32K$748$4K
Other employee benefitsLn 9$80K$67K$379$13K
Payroll taxesLn 10$141K$116K$9K$16K
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$5K$147$5K$0
Accounting feesLn 11c$27K$25K$888$2K
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$15K$14K$522$1K
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$73K$35K$756$37K
Office expensesLn 13$25K$15K$443$9K
Information technologyLn 14$77K$68K$590$8K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$72K$64K$3K$5K
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$13K$9K$4K$871
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$125K$125K$151$293
InsuranceLn 23$357K$345K$4K$8K
Other expenses (24a–d)Ln 24$1.5M$1.5M$0$0
Total functional expensesLn 25$4.1M$3.7M$138K$286K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.5M$4.3M$194K$7.5M 990 PDF
FY2024 Viewing $4.0M$4.1M−$88K$6.9M 990 PDF
FY2023 $3.7M$3.6M$82K$6.7M 990 PDF
FY2022 $4.1M$3.9M$195K$6.2M 990 PDF
FY2021 $5.0M$3.4M$1.6M$6.9M 990 PDF
FY2020 $4.3M$2.5M$1.8M$5.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $4,014,862 across 16 lines filed
Lines not itemized here account for −$132 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$128,669
VIII-1d Related organizations$0
VIII-1e Government grants$2,088,887
VIII-1f All other contributions, gifts and grants$917,428
VIII-1g Noncash contributions (included above)$47,716
VIII-1h Total contributions, gifts and grants$3,134,984
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $630,798 · Unrelated business $21,075 · Excluded from tax $0$651,873
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $184,066$184,066
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $38,335$38,335
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$27,173−$27,173
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $1,699 · Excluded from tax $31,210$32,909
VIII-12 Total revenueRelated to mission $630,798 · Unrelated business $22,774 · Excluded from tax $226,306$4,014,862
Part IX · Statement of functional expenses $4,102,375 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $346,842 · Management $87,423 · Fundraising $58,322$492,587
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $942,993 · Management $22,076 · Fundraising $122,203$1,087,272
IX-8 Pension plan contributionsPrograms $31,695 · Management $748 · Fundraising $4,341$36,784
IX-9 Other employee benefitsPrograms $66,617 · Management $379 · Fundraising $12,931$79,927
IX-10 Payroll taxesPrograms $116,378 · Management $8,809 · Fundraising $16,229$141,416
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $147 · Management $5,000 · Fundraising $0$5,147
IX-11c Accounting feesPrograms $24,728 · Management $888 · Fundraising $1,724$27,340
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $13,886 · Management $522 · Fundraising $1,078$15,486
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $34,907 · Management $756 · Fundraising $37,418$73,081
IX-13 Office expensesPrograms $15,305 · Management $443 · Fundraising $9,455$25,203
IX-14 Information technologyPrograms $68,001 · Management $590 · Fundraising $8,039$76,630
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $64,004 · Management $2,787 · Fundraising $5,413$72,204
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $8,546 · Management $3,992 · Fundraising $871$13,409
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $124,930 · Management $151 · Fundraising $293$125,374
IX-23 InsurancePrograms $345,191 · Management $3,910 · Fundraising $7,594$356,695
IX-24 Other expenses (24a–d)Programs $1,473,820 · Management $0 · Fundraising $0$1,473,820
IX-25 Total functional expensesPrograms $3,677,990 · Management $138,474 · Fundraising $285,911$4,102,375
Part X · Balance sheet $7,391,378 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $189,655$245,594
X-2 Savings and temporary cash investmentsStart of year $758,755$493,240
X-3 Pledges and grants receivableStart of year $425,940$344,339
X-4 Accounts receivableStart of year $14,329$9,581
X-8 Inventories for sale or useStart of year $3,786$2,035
X-9 Prepaid expenses and deferred chargesStart of year $39,355$55,823
X-10c Land, buildings and equipment, netStart of year $508,607$615,243
X-11 Publicly traded securitiesStart of year $5,007,127$5,347,534
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $86,643$277,989
X-16 Total assetsStart of year $7,034,197$7,391,378
X-17 Accounts payable and accrued expensesStart of year $242,993$146,635
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $32,656$95,505
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $83,332$274,989
X-26 Total liabilitiesStart of year $358,981$517,129
X-27 Net assets without donor restrictionsStart of year $1,816,937$1,976,823
X-28 Net assets with donor restrictionsStart of year $4,858,279$4,897,426
X-32 Total net assets or fund balancesStart of year $6,675,216$6,874,249
X-33 Total liabilities and net assetsStart of year $7,034,197$7,391,378
Part XI · Reconciliation of net assets $6,874,249 net assets at year end
XI-1 Total revenue$4,014,862
XI-2 Total expenses$4,102,375
XI-3 Revenue less expenses−$87,513
XI-4 Net assets at start of year$6,675,216
XI-5 Net unrealized gains (losses) on investments$302,030
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$15,484
XI-10 Net assets at end of year$6,874,249

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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