Downtown Waterfront Parks Foundation Inc
Nonprofit profile at a glance
- EIN
- 461298072
- IRS 990-EZ coverage
- 2019–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2018
- Location
- St Petersburg, FL, USA
- Phone
- 7277436262
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Improvement, Capacity Building N.E.C.
Reported finances
- Revenue
- $114,191
- Expenses
- $72,834
- Assets
- $122,700
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- LOGAN DEVICENTE (PRESIDENT)
People named in this filing
- LOGAN DEVICENTE (PRESIDENT)
- PHIL GRAHAM JR (PAST PRESIDE)
- CHARLES OSTERHOLT (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the downtown waterfront parks foundation is to support and advocate for the preservation and enhancement of the historic waterfront parks of st. Petersburg, Florida to ensure their future for the enjoyment of residents and visitors.
What it reported doing in 2020
Annual plantings to downtown city parks. Extra beautification is expense that otherwise would not be in the city's budget.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. The available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 76
- Transparency & Controls: 100
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.8%; rating input score 63
- Program expense ratio: 98.5%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 36.2%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 1.68; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 133.7% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 109.4% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 62.8% of revenue deployed · 98.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2019 to 2020
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.