2024-05-09T11:24:28-07:00 2023-12-31 990 2023-01-01 061045653 RIVERFRONT RECAPTURE INC RIVE 8607133131 50 Columbus Boulevard 1st Floor Hartford CT 06106 Michael Zaleski President & CEO 8607133131 2024-05-09 Michael Zaleski 999009999 1 1 11 0 AAL2 2023 2023-04-26 12:10:37Z Michael Zaleski 50 Columbus Boulevard Fl 1 Hartford CT 06106 3779101 0 X www.riverfront.org X 1981 CT Riverfront Recapture is responsible for managing the riverfront park system that spans Hartford and East Hartford. This includes several functions from development of the parks, programming entertainment and activities for all ages, and coordination of the park maintenance and Ranger services. In 2023, more than 800,000 visitors enjoyed the Riverfront's many offerings. 47 45 78 1153 2221 0 3239005 2879228 621353 587185 170284 216234 67352 41500 4097994 3724147 0 0 0 0 1752958 1837130 0 0 297280 2150123 1805306 3903081 3642436 194913 81711 6732502 7034197 546645 358981 6185857 6675216 Riverfront Recapture' s mission is to connect people with the Connecticut River. This is accomplished through its goal of restoring public access to the Connecticut River and recognizing its potential to improve the quality of life for the region by increasing recreational and economic opportunities. 0 0 351198 0 48436 ENTERTAINMENT AND EVENTS: Riverfront Recapture offers family-friendly entertainment in the parks, ranging from cultural performances to concerts and festivals. Riverfront Recapture produces many events, such as the Riverfront Food Truck Festival, Asian Festival, and numerous music, dance, and arts events. Riverfront also collaborates with other organizations to present a diverse schedule of events, such as the Taste of the Caribbean, which celebrates Caribbean culture, music, dance, and food. One hundred forty-two free public events were held in 2023, attracting 33,000 visitors to the Riverfront. 858060 0 538749 RECREATION AND OUTDOOR ADVENTURES: Riverfront Recapture's parks on both banks of the Connecticut River in Harford and East Hartford and the river provide various land and water recreation venues. Visitors to Riverfront Recapture parks participate in individual activities: walking, bird-watching, running, biking, snowshoeing, fishing, and more, and organized group activities, including cricket, volleyball, and 5Ks. Riverfront Recapture's Community Rowing Program, operated out of the Boathouse in Riverside Park, offers classes to youth and adults of all skill leveles, from Learn to Row, to Masters Racing teams, both on water, and indoor during the winter. The fall rowing season culminates with the annual Head of the Riverfront regatta, which attracted 12,000 participants and spectators in 2023. The Riverfront Adventure program includes a ropes course and dragon boating. In addition to club dragon boating throughout the season, Riverfront hosts an annual Dragon Boat Race and Asian Festival. The race expanded to 60 teams in 2023, including local community and corporate participants as well as clubs from out of state. Public boating is possible from three boat launches. Riverfront partners with a number of schools and groups for all of our programs. Programs generally involve participant fees, but many youth programs are either free to participants or subsidized by grants. These activities and daily park usage attracted 770,000 people in 2023. 1999141 0 0 PARK MANAGEMENT AND DEVELOPMENT: Projects are underway to expand the park system north of the Boathouse to connect to the Windsor riverwalk. Funding was secured in 2017 for extending the riverwalk north of the Boathouse. The City of Hartford is managing the project with a firm providing design and permitting services. Naming this stretch the "Joe Marfuggi Riverwalk" to honor the memory of Riverfront Recapture's former President & CEO, was authorized by the City of Hartford. A separate private fundraising campaign is underway to add unique features along the riverwalk to add exhibitry to tell the history of the Riverfront. This new stretch of riverwalk will end at the boundary of land at the Hartford/Windsor line that Riverfront purchased through a separate entity, Riverfront Land, Inc. The new property will allow for the uninterrupted connection of riverwalk from Charter Oak Landing in Hartford to the Windsor Riverwalk and beyond. The parcel will also provide opportunities for many other activities and potential commercial development, making this location a key attraction on the Riverfront. Several large grants, State and Federal, have been secured since 2021 primarily for the property's environmental remediation, which will begin when permits are approved. The other major ongoing project is a series of improvements to Great River Park in East Hartford. 2023 was spent primarily in the design and permitting phase and construction is expected to begin in 2024. Beginning in 2017, Riverfront Recapture took over the responsibility for park maintenance from the Metropolitan District Commission. Most park maintenance, such as mowing, tree care, and other landscaping, is performed by subcontractors. Volunteers have been incorporated into the maintenance plan as companies are increasingly looking to engage employees on community projects. Riverfront manages the parks for the City of Hartford and the Town of East Hartford. Walkways on the Founders and Charter Oak Bridges connect the municipalities. The Riverfront has been a catalyst for economic investment with the development of hotels, a convention center, a science center, and entertainment complex, and housing on adjacent land. Rangers provide hospitality and information and create a secure environment for park visitors. Rangers are responsible for opening and closing the parks daily throughout the year. Between May and October, the busy season for the parks, the Rangers have an increased presence. They provide information and directions to park visitors, assist with parking and boat launch activities, open and close the parks, and enforce park rules. 0 0 0 3208399 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 34 0 1 78 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 47 45 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X X Riverfront Recapture Inc 8607133131 50 Columbus Boulevad 1st Floor Hartford CT 06106 Michael Zaleski President & CEO 37.5 2.5 X X 161122 0 5405 Marc Nicol Director of Park Planning & Development 37.5 0 X 142413 0 7866 Peter Morse Finance Director 37.5 0 X 105218 0 34744 Deborah Baker Director of Development 37.5 0 X 103941 0 18930 Margaret Gregg Secretary, Executive Committee 10.5 0.5 X X 11056 0 0 Harold Blinderman Chair, Executive Committee 5 0.5 X X 0 0 0 David Klein Treasurer, Executive Committee 2 0.5 X X 0 0 0 Joe Stanford III Vice Chair, Executive Committee 2 0 X X 0 0 0 Josye Utick Vice Chair, Executive Committee 2 0 X X 0 0 0 Greg Adams Assistant Treasurer 1 0 X X 0 0 0 Lindsay Castonguay Hany Asst Secretary, Executive Committee 1.50 0 X X 0 0 0 Robert Annon Board Member 0.5 0 X 0 0 0 Dominick Baraiolo Board Member 0.5 0.00 X 0 0 0 Christopher Byrd Board Member 0.5 0 X 0 0 0 Kathleen Cassidy Board Member, Executive Committee 1.5 0 X 0 0 0 Ranjana Chawla Board Member 0.5 0 X 0 0 0 Peter Christian Board Member 0.5 0 X 0 0 0 Chinenye Claytor Board Member 0.5 0 X 0 0 0 Susan Clemow Board Member 0.5 0 X 0 0 0 Thomas Cody Board Member 0.5 0 X 0 0 0 Julio Concepcion Board Member 0.5 0 X 0 0 0 Eric Cushman Board Member, Executive Committee 1.5 0 X 0 0 0 John Henry Decker Board Member 0.5 0 X 0 0 0 Matthew Dreier Board Member 0.5 0 X 0 0 0 Susan Freedman Board Member, Executive Committee 1.5 0 X 0 0 0 Liahna Gonda-King Board Member 0.5 0 X 0 0 0 David Jenkins Board Member, Executive Committee 1.5 0.00 X 0 0 0 Stephanie Johnson Board Member 0.5 0 X 0 0 0 David Kindt Board Member 0.5 0 X 0 0 0 Kathleen Lilley Board Member 0.5 0 X 0 0 0 Jarad Lucan Board Member 0.5 0 X 0 0 0 Christopher Montross Board Member 0.5 0 X 0 0 0 Thomas Mullaney Board Member 0.5 0.00 X 0 0 0 Jacqueline Nadal Board Member, Executive Committee 0.5 0.00 X 0 0 0 Patty Pittman Board Member 0.5 0 X 0 0 0 Michael Puckly Board Member, Executive Committee 1.5 0 X 0 0 0 Christina Ripple Board Member, Executive Committee 1.5 0 X 0 0 0 Christopher Rowlins Board Member 0.5 0 X 0 0 0 Ashley Sauve Board Member 0.5 0 X 0 0 0 Camille Simpson Board Member 0.5 0 X 0 0 0 Joyce Smith Board Member 0.5 0 X 0 0 0 Himali Stoccatore Board Member 0.5 0 X 0 0 0 Pete Torres Board Member 0.5 0 X 0 0 0 Herb Virgo Board Member, Executive Committee 0.5 0 X 0 0 0 Nuchette Black-Burke ex-officio Board member 0.5 0 X 0 0 0 Aimee Chambers ex-officio Board member, Executive Committee 1.5 0 X 0 0 0 Matthew Hart ex-officio Board Member, Executive Committee 1.5 0 X 0 0 0 Scott Jellison ex-officio Board Member, Executive Committee 1.5 0 X 0 0 0 Connor Martin ex-officio Board member, Executive Committee 1.5 0 X 0 0 0 Pasquale Salemi ex-officio Board Member, Executive Committee 1.5 0 X 0 0 0 Donald Trinks ex-officio Board Member 0.5 0 X 0 0 0 Michael Walsh ex-officio Board Member, Executive Committee 1.5 0 X 0 0 0 Sebrina Wilson ex-officio Board Member 0.5 0 X 0 0 0 523750 0 66945 4 0 1 0 Fuss & O'Neill Inc 146 Hartford Road Manchester CT 06040 Design & Engineering Services 180265 Jay's Landscaping LLC PO Box 1225 473 Sullivan Ave South Windsor CT 06074 Landscaping Services 143640 2 0 0 136453 0 1750978 991797 16663 2879228 Water Related Lessons and Fees 713900 340659 340659 0 0 Sporting Event Entry Fees 713900 163541 163541 0 0 Event Vendor Fees 713900 65938 65938 0 0 Ropes Course Teambuilding Fees 713900 17047 17047 0 0 0 0 0 0 587185 199883 0 0 199883 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16351 0 0 0 16351 16351 0 0 16351 43580 136452 45203 -1623 0 -1623 0 0 0 0 0 0 5984 9751 -3767 0 0 -3767 Event Venue, Food and Beverage 722320 38965 0 421 38544 Buoy Installation 811000 1800 0 1800 0 Credit Card Rewards 900099 6125 0 0 6125 0 0 0 0 46890 3724147 587185 2221 255513 317545 179625 82292 55628 1254777 1106802 24957 123018 42235 36326 1316 4593 79993 64488 1939 13566 142580 117657 8748 16175 21379 19553 1826 37357 33249 1306 2802 14415 12701 540 1174 2500 2500 65325 32467 754 32104 22263 14288 514 7461 82325 72440 1768 8117 72205 63067 2905 6233 7971 3449 3096 1426 127983 127390 188 405 341470 334784 2108 4578 Park Maintenance & Operations 521666 521666 0 0 Direct Program & Event Expenses 277366 277366 0 0 Park Design & Construction 191081 191081 0 0 Bad Debt Expense 20000 0 0 20000 3642436 3208399 136757 297280 251293 189655 806993 758755 507405 425940 88776 14329 0 0 0 0 0 0 3668 3786 67516 39355 1955589 1446982 578218 508607 4270562 5007127 0 0 0 0 0 0 158071 86643 6732502 7034197 377717 242993 0 0 14168 32656 0 0 0 0 0 0 0 0 0 0 154760 83332 546645 358981 X 1835843 1816937 4350014 4858279 6185857 6675216 6732502 7034197 X 81711 455125 0 0 0 -47477 X 0 1 X 1 0 X 3464810 4094074 4458260 3239005 2879245 18135394 0 0 0 0 0 0 0 0 0 0 0 0 3464810 4094074 4458260 3239005 2879245 18135394 2534391 15601003 77291 62596 91549 160851 199883 592170 0 0 0 0 0 0 0 0 0 0 0 0 18727564 2577112 0.83305 0.82566 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2653665 22785 374528 0 89522 0 2961456 2991513 102229 -378986 0 61091 0 2653665 2234277 442000 362921 0 47685 0 2991513 733303 1304521 230246 0 33793 0 2234277 632594 4000 130988 0 34279 0 733303 0.16 0.71 0.13 1 0 0 0 0 0 34220 19229 14991 0 145572 139693 5879 0 1775797 1288060 487737 0 0 0 0 508607 Right of Use Liability-Operating 83332 83332 Schedule D, Part V, Line 4 For endowment funds in the possession of Riverfront Recapture, according to the spending policy, up to 5% of the average ending balance of the previous 12 quarters is available to support programs. A 4% calculation was used in 2023. One donor has the set the specific requirement that funds be used for pops concerts in East Hartford ($5,780 was available in 2023). Another donor designated their $100,000 donation to endow rowing scholarships to defray fees for adult rowers ($3,646 was available in 2023). A significant portion of the endowment is unrestricted for purpose from multiple donors or Board designated and $80,096 was allocated to operations in 2023. The Hartford Foundation for Public Giving also holds funds in its Endow Hartford 21 Program. This permanent endowment was set up to benefit Riverfront Recapture and was valued at $60,252 on 12/31/2023. A distribution of $1,251 was received in 2023. Big Mo' Gala 150140 120465 29675 0 0 16629 5451 3800 13504 Movie Night 16100 5825 10275 0 0 3240 0 0 369 1 13793 10163 3630 100 702 0 0 0 1408 180033 136453 43580 100 702 19869 5451 3800 15281 45203 -1623 X 0 0 0 0 0 0 0 0 0 Michael Zaleski President & CEO 152212 0 5000 0 3910 0 4834 0 571 0 166527 0 0 0 Marc Nicol Director of Park Planning & Development 139802 0 0 0 2611 0 7295 0 571 0 150279 0 0 0 Form 990, Part VI, Section A, Line 7a Several entities are invited to appoint ex-officio, voting members to the Board. These entities include the City of Hartford, Town of East Hartford, Town of Windsor, the Metropolitan District, and the Capitol Region Council of Governments. Form 990, Part VI, Section B, Line 11b The Finance & Human Resources Committee has been delegated the authority to review the 990 on behalf of the Board. Once it is prepared by the Finance Director, it is reviewed by the auditors. The Finance & Human Resources Committee will then meet to review the form in detail and accept responsibility for approving it for filing. The Form 990 is then e-filed and a copy is disseminated to the full Board and posted on the website, www.riverfront.org, for public inspection. Form 990, Part VI, Section B, Line 12c All voting Board members obtain a copy of the conflict of interest policy each April and must complete an annual Affirmation of Compliance and Disclosure Statement to evidence compliance with the policy and to fully disclose the material facts about any actual or potential conflicts of interest as described in the policy. The statements shall be reviewed by Riverfront's Chair of the Governance Committee and the President & CEO, who will report any potential conflicts to the Executive Committee. The Secretary will file copies of all the statements with the official corporate records. Form 990, Part VI, Section B, Line 15 The Executive Committee reviews the President & CEO's performance based on goals that were set for the previous year and determines the compensation on an annual basis. The Committee then meets with the President & CEO to review performance and set goals for the coming year. The President & CEO is responsible for reviewing the remainder of the staff and sets compensation rates within budget guidelines. Form 990, Part VI, Section C, Line 19 The public can readily inspect the Form 990 and audited financial statements online at www.riverfront.org. Other governing documents are available upon request. Form 990, Part XI, Line 9 Additions to land value for property held by separate, controlled entity, Riverfront Land, Inc. Expenses of $47,477 were paid by Riverfront Recapture, Inc. Riverfront Land Inc 50 Columbus Boulevard First Floor Hartford CT 06106 842952044 Acquisition, protection and improvement of park land CT 501 (c)(3) Type II Riverfront Recapture Inc 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Riverfront Land Inc r 47477 Riverfront Recapture, Inc. incurred expenses of $47,477 related to property owned by Riverfront Land, Inc., a controlled entity. These expenses related to engineering and environmental remediation represented additions to the value of the land.