The Bay Park Conservancy INC FY2020 filing

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The Bay Park Conservancy (bpc) was formed to implement the master plan approved by the sarasota city commission to conserve 53 acres of public 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.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$173K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 $1.7M a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$173K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
18 mo
of spending, in cash
Looks good: 18.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $808K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$791K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.7M
Spent
$5.6M
To programs
95%
Net assets
$8.9M
By yearFY2020–FY2025
Revenue
$6.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$6.7M
FY2021$18.2M
FY2022$4.4M
FY2023$13.6M
FY2024$15.9M
FY2025$28.9M
Expenses
$5.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$5.6M
FY2021$12.0M
FY2022$20.2M
FY2023$5.4M
FY2024$9.8M
FY2025$24.7M
Net assets
$8.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.9M
FY2021$15.1M
FY2022−$723K
FY2023$7.6M
FY2024$14.0M
FY2025$19.7M

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 (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2017.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $5.3M Management & general 2% · $122K Fundraising 2% · $129K

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

13 people listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Implementation Officer
$172,948Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Steven R Germaine’s $142K as Chief Financial Officer is at the 13th percentile of top reported officer pay among 572 $10–100M 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
William Waddill——$191,676$193,725$173,268$172,948
Steven R Germaine$141,878$126,900————
Derick E Kitson—$130,518$118,535———
Stephanie L Crockatt——$129,807———
Trey Hammett$105,845—————
Steven Germaine——$88,848———
Anthony Gamelin——$65,081———
Tony Gamelin———$36,019——

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.

See The Bay Park Conservancy INC executive salaries →

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

Develops and implements a master plan for the Sarasota bayfront, ensuring public access and a cultural legacy.

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1 program · $5.3M · in their own filed words · FY2020
01

The Bay Park Conservancy is leading the planning and development of a new public park on Sarasota Bay that is open and accessible, free and welcoming, to everyone...now and for generations to come. The park plan is inspired by community recommended guiding principles adopted by the city of Sarasota.

$5.3Mprogram expense

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
Ad Impact INCFY2025$808K
Total grants receivedfrom 1 funder$808K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$6.7M
Ln 12
Gifts and grantsLn 1h$6.6M
Investment incomeLn 3$46K
Other incomeLn 4–11$33K
Money outPt IX
$5.6M
Ln 25
Programscol B$5.3M
Managementcol C$122K
Fundraisingcol D$129K
Owns and owesPt X
$8.9M
net assets · Ln 32
Cash and savingsLn 1–2$8.4M
Total assetsLn 16$9.7M
LiabilitiesLn 26$791K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.6M
Government grantsLn 1e$1.3M
Investment incomeLn 3$46K
Other incomeLn 4–11$33K
Total revenueLn 12$6.7M
Assets in detailPt X, end of year
CashLn 1$25K
SavingsLn 2$8.3M
Cash and savings togetherLn 1–2$8.4M
Total assetsLn 16$9.7M
LiabilitiesLn 26$791K
Net assetsLn 32$8.9M
OperationsPt I, VI
EmployeesI 511
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY20
End of yearLn 1g$240K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$7.6M$8.4M
Total assetsLn 16$8.0M$9.7M
LiabilitiesLn 26$231K$791K
Net assetsLn 32$7.8M$8.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$260K$211K$36K$13K
Other employee benefitsLn 9$34K$28K$5K$2K
Payroll taxesLn 10$16K$13K$2K$800
Accounting feesLn 11c$29K$0$29K$0
Other fees for servicesLn 11g$2.1M$2.0M$38K$109K
Office expensesLn 13$19K$15K$3K$1K
OccupancyLn 16$41K$31K$7K$2K
InsuranceLn 23$12K$9K$2K$731
Other expenses (24a–d)Ln 24$3.0M$3.0M$0$0
Total functional expensesLn 25$5.6M$5.3M$122K$129K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 8, 2026 $28.9M$24.7M$4.2M$19.7M 990 PDF
FY2024Filed with the IRS May 12, 2025 $15.9M$9.8M$6.1M$14.0M 990 PDF
FY2023Filed with the IRS Jul 15, 2024 $13.6M$5.4M$8.2M$7.6M 990 PDF
FY2022Filed with the IRS Aug 2, 2023 $4.4M$20.2M−$15.8M−$723K 990 PDF
FY2021Filed with the IRS Oct 20, 2022 $18.2M$12.0M$6.2M$15.1M 990 PDF
FY2020 ViewingFiled with the IRS Apr 30, 2021 $6.7M$5.6M$1.1M$8.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $6,655,199 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $9,248,550$6,575,582
I-9 Program service revenue$0
I-10 Investment incomePrior year $63,372$46,426
I-11 Other revenuePrior year $70$33,191
I-12 Total revenuePrior year $9,311,992$6,655,199
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $175,622$310,006
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,643,703$5,241,922
I-18 Total expensesPrior year $1,819,325$5,551,928
I-19 Revenue less expensesPrior year $7,492,667$1,103,271
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $6,655,199 across 6 lines filed
VIII-1e Government grants$1,263,622
VIII-1f All other contributions, gifts and grants$5,311,960
VIII-1h Total contributions, gifts and grants$6,575,582
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $46,426$46,426
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $33,191$33,191
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $79,617$6,655,199
Part IX · Statement of functional expenses $5,551,928 across 9 lines filed
IX-7 Other salaries and wagesPrograms $210,784 · Management $35,952 · Fundraising $12,978$259,714
IX-9 Other employee benefitsPrograms $27,809 · Management $4,743 · Fundraising $1,713$34,265
IX-10 Payroll taxesPrograms $13,008 · Management $2,219 · Fundraising $800$16,027
IX-11c Accounting feesPrograms $0 · Management $28,977 · Fundraising $0$28,977
IX-11g Other fees for servicesPrograms $1,978,981 · Management $38,245 · Fundraising $109,116$2,126,342
IX-13 Office expensesPrograms $14,948 · Management $3,300 · Fundraising $1,165$19,413
IX-16 OccupancyPrograms $31,309 · Management $6,913 · Fundraising $2,440$40,662
IX-23 InsurancePrograms $9,379 · Management $2,071 · Fundraising $731$12,181
IX-24 Other expenses (24a–d)Programs $3,014,347 · Management $0 · Fundraising $0$3,014,347
IX-25 Total functional expensesPrograms $5,300,565 · Management $122,420 · Fundraising $128,943$5,551,928
Part X · Balance sheet $9,659,485 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $49,898$24,879
X-2 Savings and temporary cash investmentsStart of year $7,537,866$8,331,452
X-3 Pledges and grants receivableStart of year $406,400$1,301,929
X-9 Prepaid expenses and deferred chargesStart of year $2,114$1,225
X-16 Total assetsStart of year $7,996,278$9,659,485
X-17 Accounts payable and accrued expensesStart of year $231,251$791,187
X-26 Total liabilitiesStart of year $231,251$791,187
X-27 Net assets without donor restrictionsStart of year $7,118,627$8,628,298
X-28 Net assets with donor restrictionsStart of year $646,400$240,000
X-32 Total net assets or fund balancesStart of year $7,765,027$8,868,298
X-33 Total liabilities and net assetsStart of year $7,996,278$9,659,485
Part XI · Reconciliation of net assets $8,868,298 net assets at year end
XI-1 Total revenue$6,655,199
XI-2 Total expenses$5,551,928
XI-3 Revenue less expenses$1,103,271
XI-4 Net assets at start of year$7,765,027
XI-10 Net assets at end of year$8,868,298

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

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