Waterfront Alliance INC

Tax-deductible

New York, NY501(c)(3)Community DevelopmentEIN 13-4355067

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501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 600 volunteers and 18 employees.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
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
3 of 5
filings with a surplus
Average surplus $132K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$519K
to officers and key staff · 18% of spending
Top officer’s pay higher than 67% of similar orgs
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$577K
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 18 voting members
Looks good: 17 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-48% vs prior year
Spent
$3.0M
To programs
80%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$1.8M
FY2024▼ -48%
Revenue by fiscal year
FY2020$1.4M
FY2021$2.2M
FY2022$2.3M
FY2023$3.5M
FY2024$1.8M
Expenses
$3.0M
FY2024▲ +25%
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$2.0M
FY2023$2.4M
FY2024$3.0M
Net assets
$1.5M
FY2024▼ -43%
Net assets by fiscal year
FY2020$584K
FY2021$1.2M
FY2022$1.5M
FY2023$2.6M
FY2024$1.5M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2007.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.4M Management & general 8% · $225K Fundraising 12% · $366K

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

21 people listed on the 990; $519K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$202,800Pt VII · Sec A
Chief Waterfront Design Officer
$107,327Pt VII · Sec A
Dir. of Programs and Climate Initiatives
$107,000Pt VII · Sec A
Director of Events
$102,256Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Cortney Worrall’s $203K as President and CEO is at the 67th percentile of top reported officer pay among 2832 $1–10M community development 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

NameFY2024FY2023FY2022FY2021FY2020
Cortney Worrall$202,800$222,800$195,000$195,000—
Roland Lewis————$150,938
Kate Mcletchie-Sheldon—$137,430$119,127——
Joseph Sutkowi$107,327————
Furhana Husani$107,000————
David Ezer$102,256$101,244———
Cortney Worarall————$76,875
Cortney Worral————$74,125

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

Advocates for a healthy and resilient New York Harbor and waterfront.

Provided by the organization

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1 program service account for $2.4M of program spending, described in the organization's own filed words · FY2024.
01

See schedule o

$2.4Mprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$20K
Grants paid · 11 grants · $155K · 2021–2024
Unitemized GrantFY2024$10,904
Unitemized GrantFY2023$21,992
Unitemized GrantFY2023$7,000
Unitemized GrantFY2023$3,000
Unitemized GrantFY2023$2,810
Unitemized GrantFY2022$22,498
Unitemized GrantFY2022$22,498
Unitemized GrantFY2022$21,445
Unitemized GrantFY2022$21,445
Unitemized GrantFY2021$18,450
Unitemized GrantFY2021$3,027

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$164K
Other incomeLn 4–11$36K
Money outPt IX
$3.0M
Ln 25
Programscol B$2.4M
Managementcol C$225K
Fundraisingcol D$366K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$582K
Total assetsLn 16$2.1M
LiabilitiesLn 26$577K
PeoplePt VI, VII
21
listed · VII A
PaidVII A4
Voting boardVI 1a18
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$221K
Noncash giftsLn 1g$14K
Fundraising eventsLn 1c$401K
Fees for servicesLn 2g$164K
Investment incomeLn 3$2K
Other incomeLn 4–11$36K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$452K
SavingsLn 2$130K
Cash and savings togetherLn 1–2$582K
InvestmentsLn 11–13$74K
Land, buildings, equipmentLn 10c$8K
Other assetsLn 15$125K
Total assetsLn 16$2.1M
LiabilitiesLn 26$577K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 518
VolunteersI 6600
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$849K$582K
InvestmentsLn 11–13$48K$74K
Land, buildings, equipmentLn 10c$13K$8K
Total assetsLn 16$3.0M$2.1M
LiabilitiesLn 26$446K$577K
Net assetsLn 32$2.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$11K$11K
Pay of current officers, directors and key staffLn 5$241K$197K$13K$30K
Other salaries and wagesLn 7$1.0M$857K$59K$132K
Pension plan contributionsLn 8$11K$9K$637$1K
Other employee benefitsLn 9$135K$111K$8K$17K
Payroll taxesLn 10$105K$86K$6K$13K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$29K$29K
Lobbying feesLn 11d$61K$61K
Other fees for servicesLn 11g$667K$526K$14K$128K
Office expensesLn 13$57K$40K$2K$15K
OccupancyLn 16$87K$72K$5K$11K
Conferences, conventions and meetingsLn 19$47K$43K$1K$2K
Depreciation, depletion and amortizationLn 22$6K$5K$345$779
InsuranceLn 23$14K$12K$793$2K
Other expenses (24a–d)Ln 24$415K$383K$20K$12K
All other expensesLn 24e$9K$8K$379$854
Total functional expensesLn 25$3.0M$2.4M$225K$366K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.8M$3.0M−$1.1M$1.5M 990 PDF
FY2023 $3.5M$2.4M$1.1M$2.6M 990 PDF
FY2022 $2.3M$2.0M$261K$1.5M 990 PDF
FY2021 $2.2M$1.6M$617K$1.2M 990 PDF
FY2020 $1.4M$1.6M−$221K$584K 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 $1,819,478 across 10 lines filed
VIII-1c Fundraising events$400,501
VIII-1e Government grants$221,128
VIII-1f All other contributions, gifts and grants$995,263
VIII-1g Noncash contributions (included above)$14,020
VIII-1h Total contributions, gifts and grants$1,616,892
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $164,432$164,432
VIII-3 Investment incomeExcluded from tax $2,450$2,450
VIII-8 Net income from fundraising eventsExcluded from tax $31,099$31,099
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,605$4,605
VIII-12 Total revenueRelated to mission $169,037 · Unrelated business $0 · Excluded from tax $33,549$1,819,478
Part IX · Statement of functional expenses $2,950,039 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $10,904$10,904
IX-5 Pay of current officers, directors and key staffPrograms $197,263 · Management $13,481 · Fundraising $30,390$241,134
IX-7 Other salaries and wagesPrograms $856,505 · Management $58,579 · Fundraising $132,055$1,047,139
IX-8 Pension plan contributionsPrograms $9,363 · Management $637 · Fundraising $1,436$11,436
IX-9 Other employee benefitsPrograms $110,843 · Management $7,543 · Fundraising $17,005$135,391
IX-10 Payroll taxesPrograms $86,235 · Management $5,868 · Fundraising $13,229$105,332
IX-11b Legal feesManagement $6,000$6,000
IX-11c Accounting feesManagement $29,150$29,150
IX-11d Lobbying feesManagement $61,000$61,000
IX-11g Other fees for servicesPrograms $525,623 · Management $13,655 · Fundraising $127,687$666,965
IX-13 Office expensesPrograms $40,075 · Management $1,900 · Fundraising $15,037$57,012
IX-16 OccupancyPrograms $72,268 · Management $4,669 · Fundraising $10,525$87,462
IX-19 Conferences, conventions and meetingsPrograms $43,258 · Management $1,019 · Fundraising $2,298$46,575
IX-22 Depreciation, depletion and amortizationPrograms $5,048 · Management $345 · Fundraising $779$6,172
IX-23 InsurancePrograms $11,602 · Management $793 · Fundraising $1,789$14,184
IX-24 Other expenses (24a–d)Programs $382,772 · Management $20,216 · Fundraising $12,454$415,442
IX-24e All other expensesPrograms $7,508 · Management $379 · Fundraising $854$8,741
IX-25 Total functional expensesPrograms $2,359,267 · Management $225,234 · Fundraising $365,538$2,950,039
Part X · Balance sheet $2,058,070 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $719,080$452,201
X-2 Savings and temporary cash investmentsStart of year $129,985$130,050
X-3 Pledges and grants receivableStart of year $1,810,504$1,049,164
X-4 Accounts receivableStart of year $69,500$82,500
X-9 Prepaid expenses and deferred chargesStart of year $53,948$135,914
X-10c Land, buildings and equipment, netStart of year $13,478$8,455
X-11 Publicly traded securitiesStart of year $48,146$74,291
X-15 Other assetsStart of year $200,348$125,495
X-16 Total assetsStart of year $3,044,989$2,058,070
X-17 Accounts payable and accrued expensesStart of year $142,055$184,909
X-19 Deferred revenueStart of year $107,500$272,500
X-25 Other liabilitiesStart of year $196,005$119,668
X-26 Total liabilitiesStart of year $445,560$577,077
X-27 Net assets without donor restrictionsStart of year $649,222$606,651
X-28 Net assets with donor restrictionsStart of year $1,950,207$874,342
X-32 Total net assets or fund balancesStart of year $2,599,429$1,480,993
X-33 Total liabilities and net assetsStart of year $3,044,989$2,058,070
Part XI · Reconciliation of net assets $1,480,993 net assets at year end
XI-1 Total revenue$1,819,478
XI-2 Total expenses$2,950,039
XI-3 Revenue less expenses−$1,130,561
XI-4 Net assets at start of year$2,599,429
XI-5 Net unrealized gains (losses) on investments$12,125
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,480,993

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

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