Central Park Conservancy Inc
- Assets
- $389.5m
- Revenue
- $64.7m
- Investments
- $214.8m
- Employees
- 376
- Location
- New York, NY
- Founding
- 01/1980
- Data as of
- 06/2020
- 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 06/2021, Central Park Conservancy Inc employed 376 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 06/2020, Central Park Conservancy Inc generated $64.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $73.3m during the year ending 06/2020. While expenses have increased by 1.2% per year over the past 6 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 81 individual grants totaling $4,441,756. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O, INCLUDING NOTES ON THE HARLEM MEER CENTER RECONSTRUCTION AND $93M OF REVENUE RELATED TO THE PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN AND CONSTRUCTION IN CONNECTION WITH THE RESTORATION OF CENTRAL PARK AS AMERICA'S FOREMOST URBAN PUBLIC SPACE. THE CONSERVANCY HAS CARRIED OUT A RESTORATION MANAGEMENT PLAN FOR THE PARK, AND MANAGED THE CAPITAL RESTORATION OF A NUMBER OF SIGNIFICANT LANDSCAPES AND FACILITIES.
AS THE OFFICIAL MANAGER OF CENTRAL PARK, THE CONSERVANCY IS RESPONSIBLE FOR THE DAY-TO-DAY MAINTENANCE 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'S 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 FIVE FOLLOWING VISITOR CENTERS IN THE PARK: CHARLES A. DANA DISCOVERY CENTER, NORTH MEADOW RECREATION CENTER, BELVEDERE CASTLE, THE DAIRY VISITOR CENTER AND GIFT SHOP, AND CHESS AND CHECKERS HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Elizabeth W Smith Ex-Officio (president & Ceo) | OfficerTrustee | 35 | $560,172 |
Mr Stephen Spinelli Chief Financial Officer | Officer | 35 | $468,958 |
Mr Christopher Nolan Ex-Officio (cp Administrator) | OfficerTrustee | 35 | $438,526 |
Ms Mary Caraccioli Chief Communications Officer | Officer | 35 | $295,596 |
Ms Renee Porter VP Of Finance | Officer | 35 | $257,480 |
Mr John Dillon VP Of Landscape Management | Officer | 35 | $232,028 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
E W Howell Co Llc Construction | 6/29/21 | $4,333,972 |
Graciano Corporation Construction | 6/29/21 | $4,036,218 |
Mitchell Giurgola Architects Llp Construction | 6/29/21 | $2,723,105 |
Kelco Construction Inc Construction | 6/29/21 | $2,535,659 |
Almstead Tree Shrub Care Company Tree Care Service | 6/29/21 | $1,590,319 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,856,615 |
| Investment income | $4,813,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $41,019 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,880,884 |
| Net Income from Fundraising Events | -$671,861 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $635,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,665,936 |
| Statement of Expenses | |
|---|---|
| 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. | $3,129,160 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,755,301 |
| Pension plan accruals and contributions | $1,638,929 |
| Other employee benefits | $4,484,174 |
| Payroll taxes | $2,155,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $113,000 |
| Fees for services: Lobbying | $218,071 |
| Fees for services: Fundraising | $398,031 |
| Fees for services: Investment Management | $4,331,077 |
| Fees for services: Other | $10,057,465 |
| Advertising and promotion | $204,830 |
| Office expenses | $2,643,505 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,790,079 |
| Travel | $60,299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $463,454 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,145,187 |
| Insurance | $423,475 |
| All other expenses | $0 |
| Total functional expenses | $73,260,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,993,659 |
| Savings and temporary cash investments | $82,783,300 |
| Pledges and grants receivable | $18,892,182 |
| Accounts receivable, net | $8,517,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,009 |
| Prepaid expenses and deferred charges | $1,150,263 |
| Investments—publicly traded securities | $51,732,310 |
| Investments—other securities | $214,825,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,098,719 |
| Total assets | $389,474,475 |
| Accounts payable and accrued expenses | $6,313,006 |
| Grants payable | $0 |
| Deferred revenue | $31,864,186 |
| 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 | $5,374,163 |
| Other liabilities | $6,013,919 |
| Total liabilities | $49,565,274 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $339,909,201 |
Grants Awarded
Over the last fiscal year, Central Park Conservancy Inc has awarded $270,164 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
NYC DEPARTMENT OF PARKS AND RECREATION PURPOSE: Program Support | $62,031 |
New York, NY PURPOSE: PROGRAM SUPPORT | $48,133 |
Nashville, TN PURPOSE: program support | $25,000 |
Detroit, MI PURPOSE: program support | $25,000 |
New York, NY PURPOSE: PROGRAM SUPPORT | $25,000 |
Denver, CO PURPOSE: program support | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Central Park Conservancy Inc has recieved totaling $151,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
Georgescu Family Foundation Westport, CT PURPOSE: GENERAL USE | $30,000 |
Epstein Philanthropies New York, NY PURPOSE: GENERAL PURPOSES | $30,000 |
Chanel Family Foundation New York, NY PURPOSE: GENERAL USE | $10,000 |
The Mdc Foundation Charlottesville, VA PURPOSE: GENERAL | $5,000 |
Peter And Deborah Lamm Foundation Boston, MA PURPOSE: GENERAL PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $224,229,313 |
| Earnings | $63,539,000 |
| Net Contributions | $22,513,000 |
| Other Expense | $9,588,000 |
| Ending Balance | $300,693,313 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |