Overview
What is The Bay Park Conservancy Inc?
The Bay Park Conservancy Inc, situated in Sarasota, Florida, is a dedicated nonprofit organization with a mission to develop, manage, and preserve a public park along Sarasota Bay. Known as "The Bay," this signature park is designed to be inclusive and accessible, catering to the diverse community. The initial 14-acre phase of the project opened in October 2022, welcoming over 50,000 visitors. The next 14-acre phase, a $65 million development, is set to commence in the summer of 2023. The completed park, spanning approximately 53 acres, is estimated to cost between $175-200 million and will be developed over several phases, taking around 8-10 years to complete. The Bay Park Conservancy's partnership with the city aims to create a sustainable, blue and green oasis, offering a variety of free programs and events for community enjoyment.
Official website here: www.thebaysarasota.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Bay Park Conservancy Inc has achieved a perfect score of 100%, reflecting a strong commitment to accountability and financial transparency. This exceptional rating is primarily based on their accountability and finance metrics, indicating robust governance practices and efficient use of resources. The organization boasts a majority of independent board members, ensuring that decisions are made in the best interest of the mission.
Strengths noted in their assessment include a 96.29% program expense ratio, which demonstrates that a significant portion of their funding directly supports their programs and initiatives. The organization has also implemented comprehensive policies, such as conflict of interest and whistleblower policies, which further bolster their governance framework. Their financial practices show no material diversion of assets, ensuring that funds are managed responsibly.
While the rating is overwhelmingly positive, there are no specific limitations mentioned in the evaluation data. The Bay Park Conservancy Inc clearly excels in maintaining high standards of accountability, which is essential for fostering trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Bay Park Conservancy Inc legitimate?
The Bay Park Conservancy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bay Park Conservancy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $36,019
Professional Fundraising Fees: $0
Other Salaries and Wages: $650,690
For more financial information, click here
Official website here: www.thebaysarasota.org
What is the mission statement of The Bay Park Conservancy Inc?
The Bay Park Conservancy was established with the objective of implementing a master plan approved by the Sarasota City Commission. This plan involves conserving 53 acres of public land for a significant park along Sarasota Bay. The Conservancy entered into a long-term partnership with the city to help finance, develop, operate, maintain, and program this park, ensuring its benefit for the community both currently and for future generations. The mission of The Bay Park Conservancy is primarily focused on preserving and enhancing this public space for the enrichment and enjoyment of the community.
Official website here: www.thebaysarasota.org
Who is the CEO of The Bay Park Conservancy Inc?
Stephanie L Crockatt is the Chair Emeritus of The Bay Park Conservancy Inc. The CEO's salary of The Bay Park Conservancy Inc is $0 and their total compensation is $0.
Official website here: www.thebaysarasota.org
What is the revenue of The Bay Park Conservancy Inc?
The Bay Park Conservancy Inc's revenue in 2022 was $4,409,974.
Official website here: www.thebaysarasota.org
Who are the executives of The Bay Park Conservancy Inc and what are their salaries?
The average compensation at The Bay Park Conservancy Inc during 2022 was $76,301. There are 9 employees and 200 volunteers at The Bay Park Conservancy Inc.
Here are 14 key members and their salaries (The Bay Park Conservancy Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $36,019
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- Compensation: $193,725
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- Other: $40,987
Official website here: www.thebaysarasota.org
Where can I find the form 990 for The Bay Park Conservancy Inc?
The Bay Park Conservancy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebaysarasota.org
Learn more at the official website: www.thebaysarasota.org
Mission Statement of The Bay Park Conservancy Inc
The Bay Park Conservancy, a nonprofit organization, was established with a mission to implement a master plan approved by the Sarasota City Commission. This plan aimed to conserve a significant 53-acre public land along Sarasota Bay, transforming it into a distinctive park that would benefit the community both currently and for future generations. In its long-term partnership with the city, The Bay Park Conservancy assists in funding, developing, operating, maintaining, and programming this signature park, ensuring its continuous upkeep and utilization for the community's enjoyment.
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Impact
July, 2024
The Bay Park Conservancy Inc's impact is significant in Sarasota, FL, as it is leading the planning, development, and management of a signature public park along Sarasota Bay known as "The Bay." This initiative aims to transform 53 acres of precious city-owned land into a sustainable bayfront gathering place for the community. The park is designed to be "one park for all," open, accessible, free, and welcoming to the full diversity of the community now and for generations to come. The first phase of 14 acres opened in October 2022, attracting over 50,000 visitors. The next phase, a 14-acre $65 million development, is set to begin in the summer of 2023. The completion of the park, estimated to cost $175-200 million and span over 8-10 years across four or more phases, will offer a wide range of park uses, free programs, and events for the community to enjoy. The Bay Park Conservancy's efforts are contributing to the enhancement of public spaces and community improvement in Sarasota.
This information is meant to be a general summary of The Bay Park Conservancy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,247
- Gross Receipts: $4,409,974
Assets and Liabilities:
- Total Assets: $5,269,856
- Total Liabilities: $5,993,192
- Net Assets: -$723,336
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Organization Details
Founding Year
2016
Phone
(941) 203-5316Principal Officer
Stephanie L Crockatt
Main Address
655 N TAMIAMI TRAIL, SARASOTA, FL, 34236
Website
www.thebaysarasota.orgNTEE Category
Code: S31 - Community improvement
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