2025-05-12T06:50:18-05:00 2024-12-31 580692043 MAULDIN & JENKINS LLC 1401 MANATEE AVE W STE 1200 BRADENTON FL 34205 990 2024-01-01 814653473 THE BAY PARK CONSERVANCY INC BAYP 9412035316 655 N TAMIAMI TRAIL SARASOTA FL 34236 A G LAFLEY CEO 9412035316 2025-05-10 1 1 BRIAN CARTER P00536712 9417474483 2025-05-07 2024 2025-03-06 01:10:19Z A G LAFLEY 655 N TAMIAMI TRAIL SARASOTA FL 34236 16056835 0 X WWW.THEBAYSARASOTA.ORG X 2016 FL TO CONSERVE 53 ACRES OF PUBLIC LAND FOR A SIGNATURE PARK ALONG SARASOTA BAY. 13 13 12 100 0 0 13400587 15535536 0 0 170268 349711 44769 5463 13615624 15890710 0 0 0 0 1326862 925722 0 0 151204 4048061 8902888 5374923 9828610 8240701 6062100 8915150 15937875 1325698 1978614 7589452 13959261 X THE BAY PARK CONSERVANCY (BPC) WAS FORMED TO IMPLEMENT THE MASTER PLAN APPROVED BY THE SARASOTA CITY COMMISSION TO CONSERVE 53 ACRES OF PUCLIC 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 9381155 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 CONSERVES, 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 TO 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. SINCE THEN, THERE HAVE BEEN MORE THAN 730K VISITORS TO THE PARK. PHASE 2, THE NEXT 14 ACRE $65M DEVELOPMENT, BEGAN IN THE SUMMER OF 2024 AND ENCOMPASSES MULTIPLE PROJECTS. PHASE 2 IS BEING PARTIALLY FUNDED BY $48M IN CITY OF SARASOTA TIF BONDS. IN TOTAL, THE COMPLETED PARK WILL COST AN ESTIMATED $200M AND WILL TAKE APPROXIMATELY 8-10 YEARS TO COMPLETE OVER 4 OR MORE PHASES. 9381155 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X THE BAY PARK CONSERVANCY INC 9412035316 655 N TAMIAMI TRAIL SARASOTA FL 34236 AG LAFLEY CEO 40.00 X 0 0 0 STEVEN R GERMAINE CFO 40.00 X 126900 0 26869 DERICK E KITSON DIR. OF OPERATIONS THROUGH 11/30/24 40.00 X 130518 0 18682 JENNIFER COMPTON CHAIR 15.00 X X 0 0 0 ROBERT LANE TREASURER 2.00 X X 0 0 0 EMILY WALSH SECRETARY 2.00 X X 0 0 0 KYLE BATTIE EX-OFFICIO 2.00 X 0 0 0 IAN BLACK DIRECTOR 2.00 X 0 0 0 STEVE BOTELHO EX-OFFICIO 2.00 X 0 0 0 CARLOS DE QUESADA DIRECTOR 2.00 X 0 0 0 ANTHONY GAMELIN DIRECTOR 2.00 X 0 0 0 CHARLES HINES DIRECTOR 2.00 X 0 0 0 JEFF JACKSON DIRECTOR 2.00 X 0 0 0 JENNIFER JORGENSEN DIRECTOR 2.00 X 0 0 0 MARK PRITCHETT DIRECTOR 2.00 X 0 0 0 LESLIE TURNER DIRECTOR 2.00 X 0 0 0 257418 0 45551 2 1 1 0 AGENCY LANDSCAPE AND PLANNING LLC 1430 MASSACHUSETTS AVENUE 4TH FLOOR CAMBRIDGE MA 02138 PARK DESIGN AND CONSULTING 1542331 SWEET SPARKMAN ARCHITECTURE & INTERIORS 1819 MAIN STREET SUITE 400 SARASOTA FL 34237 ARCHITECTURE 360757 CUMMINSCEDERBERG 7550 RED ROAD SUITE 217 SOUTH MIAMI FL 33143 COASTAL AND MARINE ENVIRONMENT ENGINEERI 252455 KIMLEY-HORN AND ASSOCIATES 421 FAYETTEVILLE STREET SUITE 600 RALEIGH NC 27601 ENGINEERING, PLANNING AND DESIGN CONSULT 223585 STUTLER STRATEGIES 235 N ORANGE AVENUE SUITE 201 SARASOTA FL 34236 PROJECT DEVELOPMENT CONSULTING SERVICES 173570 8 202233 7191180 8142123 309605 15535536 349711 349711 132118 0 132118 132118 132118 0 202233 166125 -166125 -166125 MISCELLANEOUS 900099 23625 23625 CONCESSIONAIRE 722515 15845 15845 39470 15890710 0 0 355174 X 153769 30754 123015 629459 538458 1766 89235 6234 6234 75412 62569 8369 4474 60848 45041 8516 7291 12345 12345 67456 67456 3046134 3033218 12008 908 48550 41435 4485 2630 11596 11596 79747 59181 17889 2677 CONSTRUCTION COSTS 4852632 4852632 OPERATIONS 591015 547992 40402 2621 ACTIVATION AND PROGRAM 103539 103539 COMMUNICATIONS/OUTREACH 48506 48506 41368 41368 9828610 9381155 296251 151204 67930 81097 2293342 6297762 76227 1797013 1405334 22206 22726 18087 86062 17646 43657 68416 5005934 7653294 8915150 15937875 1245916 1936559 29635 42055 50147 0 1325698 1978614 X 4733272 9680027 2856180 4279234 7589452 13959261 8915150 15937875 6062100 307709 0 X X 0 1 X 1 0 X 6575582 18150925 4382172 13400587 15535536 58044802 6575582 18150925 4382172 13400587 15535536 58044802 1080813 56963989 46426 27902 27072 215037 349711 666148 33191 730 39470 73391 58784341 0.96900 0.99320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5005934 2056000 591360 7653294 2573524 2417136 145274 130000 5005934 2586634 23600 -36710 2573524 240000 2312788 33846 2586634 240000 240000 0.61500 0.35320 0.03180 0 0 31456 1573 29883 54606 16073 38533 68416 ENDOWMENT 7653294 C 7653294 X 16364544 307709 166125 473834 15890710 0 15890710 9994735 166125 166125 9828610 0 9828610 PART X, LINE 2: THE BAY QUALIFIES AS A CHARITABLE ORGANIZATION AS DEFINED BY INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (A). HOWEVER, THE ORGANIZATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. FOR THE YEAR ENDED DECEMBER 31, 2024, THE BAY INCURRED NO INCOME TAX EXPENSE. IT IS THE ORGANIZATION'S POLICY TO ACCOUNT FOR ANY UNCERTAINTIES IN INCOME TAX LAW IN ACCORDANCE WITH FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740-10 CLARIFIES THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND REQUIRES THAT THE BAY RECOGNIZE THE IMPACT OF SUCH A TAX POSITION IN ITS FINANCIAL STATEMENTS IF, UPON ULTIMATE SETTLEMENT, THAT POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED. MANAGEMENT HAS EVALUATED THE BAY'S TAX POSITIONS AND CONCLUDED THAT THE BAY HAS MAINTAINED ITS TAXEXEMPT STATUS AND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. AS A RESULT, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. THE BAY FILES A 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 166,125. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 166,125. 2ND ANNIVERSARY 202233 202233 80045 21496 47834 16750 202233 202233 80045 21496 47834 16750 166125 -166125 X X X X 0 0 0 0 0 0 0 0 0 STEVEN R GERMAINE CFO 126900 0 0 0 0 0 4015 0 22854 0 153769 0 0 0 DERICK E KITSON DIR. OF OPERATIONS THROUGH 11/30/24 130518 0 0 0 0 0 4154 0 14528 0 149200 0 0 0 X WINDOWS AND SLIDERS 1 309605 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE COMPLETED FORM 990 IS 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 DESIGN AND CONSULTING: PROGRAM SERVICE EXPENSES 2,999,027. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,999,027. OTHER: PROGRAM SERVICE EXPENSES 34,191. MANAGEMENT AND GENERAL EXPENSES 12,008. FUNDRAISING EXPENSES 908. TOTAL EXPENSES 47,107. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.