2024-11-05T09:58:37-06:00 2024-06-30 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2023-07-01 831360746 GREENWAY BUSINESS IMPROVEMENT DISTRICT CORPORATION GREE 6175026240 14 BEACON STREET SUITE 402 BOSTON MA 02108 JACK CLARK TREASURER 6175026240 2024-11-05 1 0 SANDRA M BROWN CPA P01614103 5088717178 2024-11-05 2023 2024-10-15 13:58:12Z JACK CLARK 14 BEACON STREET SUITE 402 BOSTON MA 02108 1991665 0 X WWW.ABETTERCITY.ORG X 2018 MA GREENWAY BID FACILITATES THE MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREENWAY PARK (THE "GREENWAY") TO ENSURE THAT THE GREENWAY IS AND REMAINS A FIRST-CLASS PARK EQUITABLY ACCESSIBLE TO A DIVERSE RANGE OF BOSTON RESIDENTS AND VISITORS. 9 9 0 0 0 0 0 0 1700330 1991054 0 611 0 0 1700330 1991665 1500000 1800000 0 0 0 0 0 0 0 199783 183301 1699783 1983301 547 8364 574884 559546 421884 398182 153000 161364 X THE MISSION OF THE CORPORATION IS TO (1) FACILITATE THE MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREENWAY PARK (THE "GREENWAY") TO ENSURE THAT THE GREENWAY IS AND REMAINS A FIRST-CLASS PARK EQUITABLY ACCESSIBLE TO A DIVERSE RANGE OF BOSTON RESIDENTS AND VISITORS, (2) TO ENHANCE AND IMPROVE THE OVERALL EXPERIENCE FOR EVERYONE WHO WORKS OR LIVES IN THE DISTRICT OR VISITS THE GREENWAY, (3) TO DEVELOP ATTRACTIVE BUSINESS CONDITIONS THROUGHOUT THE BUSINESS IMPROVEMENT DISTRICT, AND (4) TO PRESERVE AND ENHANCE PROPERTY VALUES THROUGH THE DISTRICT. 0 0 1800000 1800000 1991054 GREENWAY BID WAS INCORPORATED WITH THE SPECIFIC MISSION TO (1) FACILITATE THE MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREENWAY PARK ("GREENWAY") ENSURING THAT THE GREENWAY IS AND REMAINS A FIRST-CLASS PARK EQUITABLY ACCESSIBLE TO A DIVERSE RANGE OF BOSTON RESIDENTS AND VISITORS, (2) ENHANCE AND IMPROVE THE OVERALL EXPERIENCE FOR EVERYONE WHO WORKS OR LIVES IN THE BUSINESS IMPROVEMENT DISTRICT ("DISTRICT") OR VISITS THE GREENWAY, (3) DEVELOP ATTRACTIVE BUSINESS CONDITIONS THROUGHOUT THE DISTRICT, AND (4) PRESERVE AND ENHANCE PROPERTY VALUES THROUGH THE DISTRICT. 1800000 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X THE ORGANIZATION 6175026240 14 BEACON STREET SUITE 402 BOSTON MA 02108 X RICHARD DIMINO EXECUTIVE DIRECTOR 4.00 X 0 0 0 STEVE FABER CHAIR 1.00 X X 0 0 0 DON CHIOFARO JR VICE CHAIR 1.00 X X 0 0 0 JACK CLARK TREASURER 1.00 X X 0 0 0 NATE HAMILTON CLERK 1.00 X X 0 0 0 DANA WARREN DIRECTOR 1.00 X 0 0 0 JENNY MORSE DIRECTOR 1.00 X 0 0 0 RON DRUKER DIRECTOR 1.00 X 0 0 0 JIM TIERNEY DIRECTOR 1.00 X 0 0 0 JESSICA HUGHES DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 A BETTER CITY 14 BEACON STREET SUITE 402 BOSTON MA 02108 ADMINISTRATIVE SUPPORT 182977 1 ASSESSMENT REVENUE 900099 1991054 1991054 1991054 611 611 1991665 1991054 0 611 1800000 1800000 25930 25930 1000 1000 29454 29454 119675 119675 4026 4026 3216 3216 1983301 1800000 183301 0 574884 557340 2206 574884 559546 13543 25887 408341 372295 421884 398182 X 153000 161364 153000 161364 574884 559546 8364 0 X 0 1 X 1 0 0 1 0 0 CUMULATIVE EXCESS ASSESSMENT RESERVES 372295 372295 2066105 74440 74440 1991665 0 1991665 2057741 74440 74440 1983301 0 1983301 1 ROSE FITZGERALD KENNEDY GREENWAY CONSERVANCY INC 185 KNEELAND STREET 2ND FLOOR BOSTON MA 02111 201678932 501(C)(3) 1800000 0 N/A N/A MAINTENANCE, OPERATIONS, AND ENHANCEMENTS OF THE ROSE F. KENNEDY GREEWAY PARK. 1 0 PART I, LINE 2: GREENWAY BID ENTERED INTO A FUNDING AND SERVICES AGREEMENT (THE "AGREEMENT") WITH THE ROSE FITZGERALD KENNEDY GREENWAY CONSERVANCY, INC. (THE "CONSERVANCY") WHICH WAS RENEWED IN FY 2024. THE AGREEMENT PROVIDES FOR GREENWAY BID TO PAY THE CONSERVANCY AN ANNUAL GREENWAY SERVICES CONTRIBUTION OF $1,000,000, INCREASED TO $1,100,000 IN 2024, IN EQUAL QUARTERLY PAYMENTS COMMENCING ON SEPTEMBER 1, 2018 AND EXPIRING ON JUNE 1, 2028. IN ADDITION, THE AGREEMENT PROVIDES FOR GREENWAY BID TO PAY THE CONSERVANCY AN ANNUAL GREENWAY ENHANCEMENTS CONTRIBUTION OF $500,000 IN EQUAL QUARTERLY PAYMENTS THROUGH JUNE 30, 2028. AS OF JUNE 30, 2024, THE ORGANIZATION ANTICIPATES DISBURSING $1,600,000 ANNUALLY THROUGH JUNE, 2028; HOWEVER, FUTURE PAYMENTS UNDER THE AGREEMENT ARE CONDITIONAL UPON CERTAIN FACTORS. DURING FY 2024, THE BOARD VOTED TO AWARD AN ADDITIONAL $200,000 TO THE ROSE FITZGERALD KENNEDY GREENWAY. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, GREENWAY BID PAID $1,800,000 AND 1,500,000, RESPECTIVELY, TO THE CONSERVANCY WHICH IS PRESENTED AS GREENWAY SERVICES CONTRIBUTIONS IN THE ACCOMPANYING STATEMENT OF FUNCTIONAL EXPENSES. FOR EACH OF THE YEARS PRESENTED, 100% OF THE ORGANIZATION'S PROGRAM COSTS ARE PAID TO THE CONSERVANCY UNDER THIS AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE CONTRACT MANAGER, THE INDEPENDENT ACCOUNTING CONSULTANT AND THE AUDIT COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE DISCUSSED AT BOARD MEETINGS, IF ANY. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE.