2023-08-02T10:30:04-05:00 2022-12-31 591954606 CAVANAUGH & CO LLP 2381 FRUITVILLE ROAD SARASOTA FL 34237 990 2022-01-01 814653473 THE BAY PARK CONSERVANCY INC BAYP 9412035316 655 N TAMIAMI TRAIL SARASOTA FL 34236 STEPHANIE L CROCKATT CEO 9412035316 2023-07-10 1 STEPHANIE CROCKATT 999009999 0 MICHAEL R PENDER P00850742 9413662983 2023-07-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHANIE L CROCKATT 655 N TAMIAMI TRAIL SARASOTA FL 34236 4409974 0 X WWW.THEBAYSARASOTA.ORG X 2016 FL 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. 11 11 9 200 0 0 18150925 4382172 0 0 27902 11247 0 16555 18178827 4409974 0 0 0 0 415415 863858 0 0 194158 11559852 19318561 11975267 20182419 6203560 -15772445 16645209 5269856 1557742 5993192 15087467 -723336 X 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. 0 0 19725150 THE BAY PARK CONSERVANCY IS LEADING THE PLANNING, DEVELOPMENT AND MANAGEMENT OF A SIGNATURE, PUBLIC PARK ALONG SARASOTA BAY KNOWN AS "THE BAY". DESIGNED TO BE "ONE PARK FOR ALL," THE BAY IS OPEN AND ACCESSIBLE, FREE AND WELCOMING TO THE FULL AND RICH DIVERSITY OF THE COMMUNITY, NOW AND FOR GENERATIONS TO COME. THE BAY PRESERVES, RESTORES AND TRANSFORMS 53 ACRES OF PRECIOUS CITY-OWNED LAND ALONG SARASOTA BAY INTO A BLUE AND GREEN OASIS - PROVIDING A SUSTAINABLE BAYFRONT GATHERING PLACE FOR THE COMMUNITY TO EXPERIENCE AND ENJOY A WIDE RANGE OF PARK USES, FREE PROGRAMS AND EVENTS. THE FIRST 14 ACRE PHASE OF THE PARK OPENED IN OCTOBER 2022 TO MORE THAN 50,000 PEOPLE. PHASE 2, THE NEXT 14-ACRE $65 MILLION DEVELOPMENT, WILL BEGIN IN THE SUMMER OF 2023. THE COMPLETED PARK IN TOTAL WILL COST AN ESTIMATED $175-200 MILLION AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES. 19725150 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 9 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X FONTANA CPAS 7277999533 13007 W LINEBAUGH AVE TAMPA FL 33626 CATHY LAYTON CHAIR EMERITUS 2.00 X 0 0 0 JENNIFER COMPTON CHAIR 15.00 X X 0 0 0 ROBERT LANE TREASURER 2.00 X X 0 0 0 CHARLES HINES DIRECTOR 2.00 X 0 0 0 CARLOS DE QUESADA DIRECTOR 2.00 X 0 0 0 E KEITH DUBOSE DIRECTOR 2.00 X 0 0 0 MICHAEL KLAUBER DIRECTOR 2.00 X 0 0 0 LESLIE TURNER DIRECTOR 2.00 X 0 0 0 EMILY WALSH SECRETARY 2.00 X X 0 0 0 STEVE BOTELHO EX-OFFICIO 2.00 X 0 0 0 KYLE BATTIE EX-OFFICIO 2.00 X 0 0 0 A G LAFLEY FOUNDING CEO 30.00 X 0 0 0 TONY GAMELIN CFO 10.00 X 36019 0 0 WILLIAM WADDILL CHIEF IMPLEMENTATION OFFIC 40.00 X 193725 0 40987 229744 0 40987 1 0 1 0 AGENCY LANDSCAPE AND PLANNING LLC 91 HARVEY STREET SUITE 2 CAMBRIDGE MA 02140 PARK DESIGN & CONSULTING 2489083 ATLARGE INC 1421 BLVD OF THE ARTS SARASOTA FL 34236 MARKETING & COMMUNICATIONS 424414 CUMMINSCEDERBERG 7550 RED ROAD SUITE 217 SOUTH MIAMI FL 33143 ENGINEERING 203931 STUTLER STRATEGIES 235 N ORANGE AVE SARASOTA FL 34236 CONSULTING 122874 4 100000 4282172 4382172 11247 11247 15825 0 15825 15825 15825 MISCELLANEOUS INCOME 900099 730 730 730 4409974 730 0 27072 X 36019 36019 650690 487547 39696 123447 177149 132862 10629 33658 32085 2440 29645 71693 5452 66241 2940020 2916244 23776 138694 116134 16759 5801 195244 166953 25356 2935 2098 2098 30725 17099 12892 734 CONSTRUCTION 14910059 14910059 ACTIVATION 395796 395796 MISCELLANEOUS EXPENSE 347069 347069 COMMUNICATIONS/OUTREACH 214976 214976 40102 12519 27583 20182419 19725150 263111 194158 24227 1711690 8755360 852663 7580125 120750 11672 11229 273825 0 2573524 16645209 5269856 1557742 3357730 2635462 1557742 5993192 X 12475833 -3617062 2611634 2893726 15087467 -723336 16645209 5269856 -15772445 -38358 0 X X 0 1 X 1 0 X 1613362 8842220 6575582 18150925 4382172 39564261 1613362 8842220 6575582 18150925 4382172 39564261 39564261 176 46426 27902 11247 85751 33191 730 33921 39683933 0.99700 0.99700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2586634 23600 -36710 2573524 240000 2312788 33846 2586634 240000 240000 1.00000 0 0 0 ENDOWMENT 2573524 2573524 X 4585706 -38358 214090 175732 4409974 0 4409974 20396509 214090 214090 20182419 0 20182419 PART V, LINE 4: THE BAY'S ENDOWMENT CURRENTLY CONSISTS OF FUNDS ESTABLISHED FOR WETLANDS, BAYOU AND MANGROVE RESTORATION, AS WELL AS UNRESTRICTED OPERATIONS. PART X, LINE 2: THE BAY IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE BAY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED DECEMBER 31,2022 THERE WAS NO INCOME TAX EXPENSE FROM THESE ACTIVITIES. THE BAY FOLLOWS THE PROVISIONS OF ASC TOPIC 740, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAX AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES (ASC TOPIC 740), IN CONJUNCTION WITH ITS ADOPTION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAX (NOW INCLUDED IN ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740-10, INCOME TAXES-OVERALL). THE BAY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE BAY'S EXEMPT PURPOSE IS SUBJECT TO TAX. 0 0 0 0 0 0 0 0 0 WILLIAM WADDILL CHIEF IMPLEMENTATION OFFIC 193725 0 0 0 0 0 5670 0 35317 0 234712 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 WILL BE REVIEWED AND APPROVED BY THE FINANCE COMMITTEE, THEN FORWARDED TO THE REMAINING BOARD MEMBERS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS APPROVED BY THE CITY OF SARASOTA AND IS PART OF THE PARTNERSHIP AGREEMENT BETWEEN THE CITY AND THE BAY PARK CONSERVANCY. IT IS RECONFIRMED ANNUALLY AT THE SEPTEMBER BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD, IN CONSULTATION WITH SUBJECT MATTER EXPERTS IN MASTER PLANNING, DESIGN, URBAN PLANNING, HUMAN RESOURCE MANAGEMENT AND NOT-FOR-PROFIT MANAGEMENT, PARTICIPATED IN A REVIEW OF POSITION DESCRIPTIONS AND RELATED COMPENSATION. SUBSEQUENT APPROVAL WAS RECEIVED BY THE EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE BAY PARK CONSERVANCY, INC OPERATES UNDER THE FLORIDA PUBLIC MEETINGS AND OPEN RECORDS LAWS. ALL BOARD MEETINGS ARE PUBLICLY NOTICED, DOCUMENTS ARE POSTED ON THE BAY PARK CONSERVANCY WEBSITE AND ALL APPLICABLE RECORDS ARE OPEN FOR PUBLIC REVIEW. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES-OTHER : PROGRAM SERVICE EXPENSES 4,922. MANAGEMENT AND GENERAL EXPENSES 23,776. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,698. DESIGN AND CONSULTING : PROGRAM SERVICE EXPENSES 2,911,322. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,911,322. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.