EMERALD NECKLACE CONSERVANCY INC

EIN: 043414988 501(c)(3) Recreation & Sports

BOSTON, MA

Total Revenue
$4,329,772
Total Expenses
$3,577,743
Total Assets
$11,282,273
Net Assets
$11,092,000
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MA
Principal Officer
KAREN MAUNEY-BRODEK
Phone
6175222700
Tax Period
2023-10-01 to 2024-09-30

EMERALD NECKLACE CONSERVANCY INC, founded in 1997, is a community nonprofit in the Recreation & Sports sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $752K, a strong 17% operating margin.

Mission

TO RESTORE AND IMPROVE THE EMERALD NECKLACE FOR ALL.

Program Service Accomplishments

Program 1
Expenses: $979,870

IN FY 2024 THE CONSERVANCY CONTINUED TO ADVOCATE FOR SEVERAL IMPORTANT PROJECTS AND INITIATIVES THROUGHOUT THE EMERALD NECKLACE, INCLUDING WHITE STADIUM IN HISTORIC FRANKLIN PARK, THE CHARLESGATE...

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IN FY 2024 THE CONSERVANCY CONTINUED TO ADVOCATE FOR SEVERAL IMPORTANT PROJECTS AND INITIATIVES THROUGHOUT THE EMERALD NECKLACE, INCLUDING WHITE STADIUM IN HISTORIC FRANKLIN PARK, THE CHARLESGATE REVITALIZATION PROJECT, SHATTUCK HOSPITAL AND COMMUNITY ENGAGEMENT IN PARKLAND PLANNING AND DECISION MAKING, ARBORWAY SAFETY IMPROVEMENTS, MUDDY RIVER RESTORATION PHASE II PROJECT, ADVOCATING FOR INCREASED LOCAL, STATE AND FEDERAL INVESTMENTS IN PARKS MAINTENANCE AND CAPITAL IMPROVEMENTS, AND CONTINUED TO ADVOCATE FOR THE DEVELOPMENT OF SYSTEMATIC GUIDELINES THAT COULD APPLY TO DEVELOPMENT CITYWIDE.

Program 2
Expenses: $332,648

THE CONSERVANCY'S SHATTUCK VISITOR CENTER IS LOCATED IN THE BACK BAY FENS AT 125 THE FENWAY, ACROSS THE STREET FROM THE MUSEUM OF FINE ARTS. THE VISITOR CENTER IS BOTH AN EDUCATIONAL RESOURCE ABOUT...

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THE CONSERVANCY'S SHATTUCK VISITOR CENTER IS LOCATED IN THE BACK BAY FENS AT 125 THE FENWAY, ACROSS THE STREET FROM THE MUSEUM OF FINE ARTS. THE VISITOR CENTER IS BOTH AN EDUCATIONAL RESOURCE ABOUT THE PARKS AND A GATHERING PLACE FOR THE COMMUNITY.

Program 3
Expenses: $296,794

THE EMERALD NECKLACE CONSERVANCY ADVOCATES FOR AND CONSERVES THE EMERALD NECKLACE THROUGH PROJECTS AND PROGRAMS TO RESTORE AND RENEW THE LANDSCAPE, WATERWAYS AND PARKWAYS OF THE OLMSTED-DESIGNED PARK...

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THE EMERALD NECKLACE CONSERVANCY ADVOCATES FOR AND CONSERVES THE EMERALD NECKLACE THROUGH PROJECTS AND PROGRAMS TO RESTORE AND RENEW THE LANDSCAPE, WATERWAYS AND PARKWAYS OF THE OLMSTED-DESIGNED PARK SYSTEM. THE CONSERVANCY BRINGS TOGETHER THE MANY PUBLIC AND PRIVATE PARK PARTNERS TO PRIORITIZE, FUND AND IMPLEMENT RESTORATION INITIATIVES THROUGHOUT THE PARK SYSTEM. IN CONJUNCTION WITH PUBLIC AND PRIVATE PARTNERS, ORGANIZES AND IMPLEMENTS MAINTENANCE INITIATIVES TO PRESERVE THE NATURALISTIC BEAUTY OF OLMSTED'S PARKS AS WELL AS MAINTAIN THE GARDENS AND PATHWAYS. IN FY 2024 THE CONSERVANCY BEGAN THE SECOND SEVEN YEAR CYCLE OF PRUNING THE TREE INVENTORY; THE CONSERVANCY PRUNED 715 TREES IN OLMSTED PARK WHICH WILL KEEP THE TREES AND PARK HEALTHY AND SAFE FOR YEARS TO COME. IN ADDITION, IN LATE FY 2024, THE CONSERVANCY CONDUCTED A RE-INVENTORY OF THE TREES IN THE BACK BAY FENS TO PREPARE FOR THE NEXT PARK PRUNING PROJECT TO TAKE PLACE IN FY 2025.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,996,889
Program Service Revenue $0
Investment Income $437,741
Other Revenue $-104,858
TOTAL REVENUE $4,329,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,699,579
Fundraising Expenses $686,494
Program Expenses $2,154,683
Other Expenses $1,819,964
TOTAL EXPENSES $3,577,743

Year-over-Year Comparison

2023 2022 Change
Revenue $4,329,772 $5,361,014 -0.2%
Expenses $3,577,743 $2,576,736 +0.4%
Net Income $752,029 $2,784,278 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
25
Independent Members
25
Employees
30
Volunteers
1288

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$199,821
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUNEY-BRODEK KAREN PRESIDENT 40.00
Officer
$192,751 $7,070 $199,821
TRUFANOVA VERONIKA DIRECTOR OF DEVELOPMENT 40.00
Highest
$137,551 $1,588 $139,139
TAYLOR BENJAMIN CHAIR 4.00
Officer Director
$0 $0 $0
LANDSMARK TED VICE CHAIR 1.00
Officer Director
$0 $0 $0
MILLEN BARBARA VICE CHAIR 1.00
Officer Director
$0 $0 $0
HALL MARTIN TREASURER 2.00
Officer Director
$0 $0 $0
CHU ELLIE CORNISH CLERK 1.00
Officer Director
$0 $0 $0
HASTINGS LISA DIRECTOR 1.00
Director
$0 $0 $0
BAILEY LOUIS DIRECTOR 1.00
Director
$0 $0 $0
ROBINSON JOANN DIRECTOR 1.00
Director
$0 $0 $0
MOREAU LEE DIRECTOR 1.00
Director
$0 $0 $0
MOON DANIEL DIRECTOR 1.00
Director
$0 $0 $0
LINGOS-PAPLIODIS SOFIA DIRECTOR 1.00
Director
$0 $0 $0
KUNIAN LOIS R DIRECTOR 1.00
Director
$0 $0 $0
GREVILLE MARJORIE DIRECTOR 1.00
Director
$0 $0 $0
GORDON JULIE HUME DIRECTOR 1.00
Director
$0 $0 $0
GOLDBERG JOAN HELPERN DIRECTOR 1.00
Director
$0 $0 $0
FREEMAN SARAH DIRECTOR 1.00
Director
$0 $0 $0
DUKAKIS MICHAEL DIRECTOR 1.00
Director
$0 $0 $0
CUSICK CHRISTINE DIRECTOR 1.00
Director
$0 $0 $0
COOK JR JOHN R DIRECTOR 2.00
Director
$0 $0 $0
BUNCH KARENLYN DIRECTOR 1.00
Director
$0 $0 $0
BEALE PAM DIRECTOR 1.00
Director
$0 $0 $0
GRAY STEPHEN DIRECTOR 1.00
Director
$0 $0 $0
SHATTUCK WENDY DIRECTOR 1.00
Director
$0 $0 $0
CERVONE CONSTANCE DIRECTOR 1.00
Director
$0 $0 $0
MENZIN ABE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,329,772 $3,577,743 $11,282,273 $752,029
2023 $5,361,014 $2,576,736 $9,926,047 $2,784,278
2022 $3,395,758 $2,956,221 $7,042,170 $439,537
2021 $2,747,205 $2,442,811 $8,051,626 $304,394
2020 $2,343,208 $2,048,732 $7,198,505 $294,476
2020 $2,343,208 $2,048,732 $7,198,505 $294,476
2019 $2,692,101 $1,903,382 $6,520,709 $788,719
2018 $2,989,575 $2,539,312 $6,305,376 $450,263
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