Esplanade Association Inc

What it reported doing in 2024

The organization works closely with the Massachusetts department of conservation and recreation, community organizations, businesses, corporations, foundations and individuals. Together, they plan, design and implement important maintenance, restoration, enhancement and programmatic projects and events for the benefit of the millions of individuals who visit the park each year. The organization's work focuses on: -projects designed to significantly improve the use, aesthetics and safety of the park, including maintenance and improvement of ballfields, pathways, and playgrounds, installation of new wayfinding signage, commissioning of public art, and the redevelopment of the lee pool site into a first-rate gathering, recreational and operational space. - programs that enrich the enjoyment of visitors to the park, connect people from diverse backgrounds and communities, and promote a strong sense of park ownership, including free fitness classes, concerts, children's activities, tours, volunteer events, cultural activities, and more. - advocacy for public policies and resource allocation that help protect and preserve the park for the benefit of diverse communities. Other programs: - ongoing maintenance of the park, specifically in the area of geese control, lawn maintenance, tree care and maintenance, shoreline vegetative management, rehabilitation of monuments and historic park elements, to promote a clean and cared for natural habitat; - producing or hosting donation based activities including a 5k race, boston marathon team, volunteer activites, and annual events: - collaboration on improving food and beverage offerings in the park and organizing free fitness classes.

Financial Efficiency

• Mission deployment rate: 30.7%; rating input score 31
• Program expense ratio: 74.3%; rating input score 74
• Fundraising efficiency: $21.1 raised per $1 spent on fundraising; rating input score 61; 61st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 65.9%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 6.88; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 6.1%; rating input score 47; 47th percentile among comparable filings

Growth

• Program expense growth: 14.5% per year; rating input score 100; 77th percentile among comparable filings
• Revenue growth: 20% per year; rating input score 100; 88th percentile among comparable filings
• Asset growth: 25.1% per year; rating input score 100; 90th percentile among comparable filings