Bryant Park Corporation
- Assets
- $14.4m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 195
- Location
- New York, NY
- Founding
- 09/1989
- Data as of
- 06/2022
- EIN
- 13-3009946
Organization Overview
Bryant Park Corporation is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 06/2022, Bryant Park Corporation employed 195 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bryant Park Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Bryant Park Corporation generated $25.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $22.4m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE AND MAINTAIN BRYANT PARK IN MIDTOWN MANHATTAN AS A DYNAMIC, CLEAN AND SAFE PUBLIC SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WINTER VILLAGE: DURING THE MONTHS OF NOVEMBER THROUGH FEBRUARY, BRYANT PARK'S LAWN IS TRANSFORMED INTO AN ICE SKATING RINK, SURROUNDED BY A DECK FOR PUBLIC VIEWING, A HOLIDAY MARKET, A RINK-SIDE FOOD HALL AND SERVICE PAVILIONS. SPONSORSHIP OF WINTER VILLAGE PROVIDES FOR FREE PUBLIC SKATING AND SPECIAL PROGRAMS THAT DRAW THOUSANDS OF VISITORS TO THE PARK ON A DAILY BASIS.
CAPITAL PROJECTS-THE CONSTRUCTION, CARE AND MAINTENANCE OF THE PARK'S PHYSICAL PLANT; PARK PROGRAMS MANAGEMENT-OVERSIGHT OF PARK AMENITIES AND DAILY ACTIVITIES; SECURITY-UNIFORMED OFFICERS PATROL THE PARK; HORTICULTURE-MAINTENANCE OF THE PARK'S PLANTING BEDS, BORDERS, PLANTERS, AND OVER 200 LONDON PLANETREES; RETAIL SERVICES; PROMOTION OF THE PARK, ITS PROGRAMS, AMENITIES AND ACTIVITIES; AND OPERATION OF LE CAROUSEL.
PARK MAINTENANCE AND SANITATION: UNIFORMED SWEEPERS PICK UP LITTER, EMPTY TRASH RECEPTACLES, AND CLEAN THE PARK'S PUBLIC RESTROOMS AND OTHER FACILITIES.
PUBLIC EVENTS AND OUTDOOR READING ROOM: BRYANT PARK PRODUCES AND HOSTS MORE THAN 1000 FREE PUBLIC EVENTS, PERFORMANCES AND ACTIVITIES, ANNUALLY. POPULAR PROGRAMS INCLUDE BRYANT PARK PICNIC PERFORMANCES, THE BRYANT PARK SUMMER FILM SERIES, BROADWAY IN BRYANT PARK AND BRYANT PARK YOGA, AS WELL AS THE BRYANT PARK READING ROOM AUTHOR SERIES AND PIANO IN BRYANT PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vikki Barbero Director | Trustee | 0.1 | $0 |
Douglas Durst Director | Trustee | 0.1 | $0 |
Stan Herman Director | Trustee | 0.1 | $0 |
Richard H Levy Director | Trustee | 0.1 | $0 |
Robert Liberman Director | Trustee | 0.1 | $0 |
Anthony W Marx Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jw Contractor Inc Winter Village Interior Construction | 6/29/22 | $439,793 |
Production Resources Group Llc Winter Village Lighting And Audio | 6/29/22 | $378,843 |
Rink Management Services Inc Ice Rink Operations Management | 6/29/22 | $298,776 |
Sky Maintenance Llc Park And Wv Maintenance Contractor | 6/29/22 | $268,076 |
Team Electric Inc Park And Wv Electrical Contractor | 6/29/22 | $262,556 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,500,000 |
| Government grants | $1,170,987 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,007,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,678,534 |
| Total Program Service Revenue | $16,787,620 |
| Investment income | $971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,467,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $972,395 |
| Compensation of current officers, directors, key employees. | $644,180 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,114,404 |
| Pension plan accruals and contributions | $139,222 |
| Other employee benefits | $949,952 |
| Payroll taxes | $426,417 |
| Fees for services: Management | $714,029 |
| Fees for services: Legal | $55,513 |
| Fees for services: Accounting | $56,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,856,685 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $64,485 |
| Royalties | $0 |
| Occupancy | $1,174,394 |
| Travel | $57,613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $106,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $660,128 |
| Insurance | $1,617,237 |
| All other expenses | $143,251 |
| Total functional expenses | $22,417,502 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,145,887 |
| Savings and temporary cash investments | $633,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $657,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $319,133 |
| Net Land, buildings, and equipment | $5,274,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,411,694 |
| Total assets | $14,443,305 |
| Accounts payable and accrued expenses | $930,108 |
| Grants payable | $0 |
| Deferred revenue | $1,240,123 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,550,552 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,768,283 |
| Total liabilities | $8,489,066 |
| Net assets without donor restrictions | $5,954,239 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,443,305 |