Central Park Conservancy Inc
- Assets
- $590.4m
- Revenue
- $148.0m
- Investments
- $242.1m
- Employees
- 463
- Location
- New York, NY
- Founding
- 01/1980
- Data as of
- 06/2023
- EIN
- 13-3022855
Organization Overview
Central Park Conservancy Inc is located in New York, NY. The organization was established in 1980. 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 06/2023, Central Park Conservancy Inc employed 463 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Park Conservancy Inc 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 06/2023, Central Park Conservancy Inc generated $148.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $131.2m during the year ending 06/2023. While expenses have increased by 8.6% per year over the past 8 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.
Since 2015, Central Park Conservancy Inc has awarded 92 individual grants totaling $5,096,089. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
DESIGN AND CONSTRUCTION IN CONNECTION WITH THE RESTORATION OF CENTRAL PARK AS AMERICA'S FOREMOST MAJOR URBAN PUBLIC SPACE. THE CONSERVANCY HAS CARRIED OUT A RESTORATION MANAGEMENT PLAN FOR THE PARK, AND MANAGED THE CAPITAL RESTORATION OF A NUMBER OF SIGNIFICATNT LANDSCAPES AND FACILITIES.
THE CENTRAL PARK CONSERVANCY INSTITUTE FOR URBAN PARKS IS THE EDUCATIONAL ARM OF THE CENTRAL PARK CONSERVANCY. THE INSTITUTE DEVELOPS PROGRAMS DESIGNED TO FOSTER A DEEPER APPRECIATION FOR URBAN PARKS AND SHARES THE CONSERVANCY'S WORLD CLASS MANAGEMENT AND STEWARDSHIP PRACTICES. THROUGH THE INSTITUTE FOR URBAN PARKS, THE CENTRAL PARK CONSERVANCY IS TRAINING AND TEACHING URBAN PARK PROFESSIONALS AND PARK STEWARDS, GLOBALLY, AND LOCALLY. THE CENTRAL PARK CONSERVANCY IS HELPING NYC PARKS' THROUGHOUT THE FIVE BOROUGHS TO SHARE OUR BEST PRACTICES IN PARK MANAGEMENT.
AS THE OFFICIAL MANAGER OF CENTRAL PARK, THE CONSERVANCY IS RESPONSIBLE FOR THE DAY-TO-DAY MAINTENANCE AND OPERATION OF THE PARK. ACTIVITIES INCLUDE: LANDSCAPE MAINTENANCE, PLAYGROUND MAINTENANCE, TREE CARE, TURF CARE, AND PRESERVATION OF HISTORIC MONUMENTS. THE CONSERVANCY HAS SET NEW STANDARDS IN EXCELLENCE IN PARK CARE. IT HAS TRANSFORMED CENTRAL PARK INTO A MODEL FOR URBAN PARKS WORLDWIDE.
THE CONSERVANCY PUBLIC PROGRAMS TAKE ADVANTAGE OF THE INVALUABLE RESOURCES IN CENTRAL PARK PROVIDING EDUCATION, RECREATION, AND VOLUNTEER PROGRAMS THAT SERVE THE COMMUNITY. IN ADDITION, THE CONSERVANCY PROVIDES SERVICES AT THE FOLLOWING FIVE VISITOR CENTERS IN THE PARK: CHARLES A. DANA DISCOVERY CENTER, NORTH MEADOW RECREATION CENTER, BELVEDERE CASTLE, DAIRY VISITOR CENTER AND GIFT SHOP, AND CHESS AND CHECKERS HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Christopher Nolan Chief Landscape Architect | OfficerTrustee | 35 | $561,545 |
Ms Elizabeth W Smith Ex-Officio (president/ceo) | OfficerTrustee | 35 | $1,138,875 |
Ms Judy Hart Angelo General Trustee | Trustee | 1 | $0 |
Ms Elizabeth H Atwood General Trustee | Trustee | 1 | $0 |
Ms Jane Bayard Vice Chair & General Trust | OfficerTrustee | 1 | $0 |
Mr Jeff T Blau General Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E W Howell Co Llc Construction | 6/29/23 | $13,828,353 |
John Civetta & Sons Inc Construction | 6/29/23 | $13,682,731 |
Fgi Corporation Construction | 6/29/23 | $4,154,343 |
Kelco Construction Inc Construction | 6/29/23 | $2,784,867 |
Finaly General Contracting Corp Construction | 6/29/23 | $2,700,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,447,170 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,061,489 |
| Noncash contributions included in lines 1a–1f | $1,646,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,508,659 |
| Total Program Service Revenue | $39,596,034 |
| Investment income | $13,693,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $52,317 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,738,577 |
| Net Income from Fundraising Events | -$1,819,182 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $732,657 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,958,188 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $768,606 |
| 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. | $4,898,597 |
| Compensation of current officers, directors, key employees. | $2,696,015 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,264,118 |
| Pension plan accruals and contributions | $2,516,755 |
| Other employee benefits | $4,662,811 |
| Payroll taxes | $2,766,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,386 |
| Fees for services: Accounting | $121,000 |
| Fees for services: Lobbying | $241,890 |
| Fees for services: Fundraising | $553,055 |
| Fees for services: Investment Management | $7,609,161 |
| Fees for services: Other | $13,126,995 |
| Advertising and promotion | $716,612 |
| Office expenses | $4,923,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,488,384 |
| Travel | $79,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663,982 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,261,649 |
| Insurance | $1,068,141 |
| All other expenses | $1,624,130 |
| Total functional expenses | $131,200,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,909,586 |
| Savings and temporary cash investments | $63,021,514 |
| Pledges and grants receivable | $60,292,771 |
| Accounts receivable, net | $28,246,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $257,995 |
| Prepaid expenses and deferred charges | $2,406,073 |
| Net Land, buildings, and equipment | $8,832,505 |
| Investments—publicly traded securities | $132,658,088 |
| Investments—other securities | $242,091,488 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,730,353 |
| Total assets | $590,446,635 |
| Accounts payable and accrued expenses | $18,301,287 |
| Grants payable | $0 |
| Deferred revenue | $1,125,670 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,982,633 |
| Total liabilities | $51,409,590 |
| Net assets without donor restrictions | $139,987,095 |
| Net assets with donor restrictions | $399,049,950 |
| 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 | $590,446,635 |
Grants Awarded
Over the last fiscal year, Central Park Conservancy Inc has awarded $704,106 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION PURPOSE: PROGRAM SUPPORT | $250,000 |
NATURAL AREAS CONSERVANCY PURPOSE: PROGRAM SUPPORT | $132,000 |
NYC DEPARTMENT OF PARKS & RECREATION PURPOSE: PROGRAM SUPPORT | $95,281 |
FUND FOR THE CITY OF NEW YORK INC PURPOSE: PROGRAM SUPPORT | $100,000 |
THE PUBLIC THEATER PURPOSE: PROGRAM SUPPORT | $46,925 |
NEW YORKERS FOR PARKS PURPOSE: PROGRAM SUPPORT | $20,000 |