City Parks Foundation Inc
- Assets
- $38.2m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 494
- Location
- New York, NY
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 13-3561657
Organization Overview
City Parks Foundation Inc is located in New York, NY. The organization was established in 1990. 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 12/2022, City Parks Foundation Inc employed 494 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Parks Foundation 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 12/2022, City Parks Foundation Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $23.5m during the year ending 12/2022. While expenses have increased by 2.1% 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.
Since 2017, City Parks Foundation Inc has awarded 208 individual grants totaling $8,797,726. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ASSIST IN THE PROGRAMMING AND REVITALIZATION OF NEW YORK CITY'S PARKS AND SUCH OTHER FACILITIES THAT ARE UNDER THE JURISDICTION OF THE NEW YORK CITY DEPARTMENT OF PARKS AND RECREATION ("DPR").
Describe the Organization's Program Activity:
ARTS & CULTURE:CITYPARKS SHOWS PLAYS A CENTRAL ROLE IN ACTIVATING THE ORGANIZATION'S MISSION TO CREATE VIBRANT AND HEALTHY URBAN COMMUNITIES THROUGH DYNAMIC PROGRAMMING IN PARKS FOR ALL NEW YORKERS. CITYPARKS SHOWS BRINGS HUNDREDS OF LIVE MUSIC, DANCE AND THEATER PERFORMANCES TO COMMUNITIES THROUGHOUT NEW YORK CITY'S FIVE BOROUGHS. THE SUMMERSTAGE FESTIVAL TYPICALLY PRESENTS OVER 200 ARTISTS PRESENTING FREE PERFORMANCES AND BENEFIT CONCERTS EACH YEAR IN 15-18 PARKS THROUGHOUT THE CITY, RANGING FROM INDIE, REGGAE, AFROBEAT, SOUL, MODERN DANCE, LATIN AND MUCH MORE. SUMMERSTAGE ANYWHERE PROVIDES ACCESS TO THESE PERFORMANCES TO PEOPLE ACROSS THE GLOBE. THE SWEDISH COTTAGE MARIONETTE THEATRE, HOME TO ONE OF THE LAST PUBLIC MARIONETTE COMPANIES IN THE U.S., PRESENTS MODERN TAKES ON CLASSIC FAIRY TALES, AND THE TRAVELING PUPPETMOBILE PRESENTS FAMILY-FRIENDLY PUPPET SHOWS AND WORKSHOPS OUTDOORS AROUND THE CITY, FREE OF CHARGE.
FISCAL SPONSORSHIPS: AS FISCAL SPONSOR FOR A NUMBER OF NEW YORK CITY PARK GROUPS AND DEPARTMENT OF PARKS & RECREATION (DPR) PROGRAMS, CPF HELPS IMPROVE THE APPEARANCE AND USE OF PARKS THROUGH DIRECT PHYSICAL ENHANCEMENTS, ENCOURAGEMENT OF NEIGHBORHOOD VOLUNTEERS, AND INNOVATIONS IN DPR OPERATIONS.
NYC GREEN RELIEF AND RECOVERY FUND:IN COLLABORATION WITH A CONSORTIUM OF LEADING PHILANTHROPIC ORGANIZATIONS, CPF IS THE ADMINISTRATOR OF THE NEW YORK CITY GREEN RELIEF AND RECOVERY FUND. THIS FUNDING IS DESIGNATED TO RESPOND TO THE MOST URGENT NEEDS FACING THE GRASSROOTS AND NON-PROFIT STEWARDSHIP ORGANIZATIONS THAT MAINTAIN, PROGRAM AND ACTIVATE NEW YORK CITY OPEN SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Lubov Executive Director | OfficerTrustee | 40 | $271,266 |
David Barse Chair | OfficerTrustee | 5 | $0 |
David Moore Executive Chair | OfficerTrustee | 5 | $0 |
Jean Troubh Executive Chair | OfficerTrustee | 5 | $0 |
John Troubh Executive Chair | OfficerTrustee | 5 | $0 |
Susan K Freedman Vice Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Css Security Inc Security Services | 12/30/22 | $729,904 |
Universal Steel Fabricators Tree Guard Fabrication Services | 12/30/22 | $307,557 |
Heini Llc Building Consulting Services | 12/30/22 | $284,082 |
Bedford Landscape Contractors Llc Landscaping Services | 12/30/22 | $338,618 |
Cjp Gardening Inc Landscaping Services | 12/30/22 | $177,058 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,610,388 |
| Related organizations | $0 |
| Government grants | $4,173,654 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,968,601 |
| Noncash contributions included in lines 1a–1f | $63,474 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,752,643 |
| Total Program Service Revenue | $5,886,832 |
| Investment income | $572,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$365,494 |
| Net Income from Fundraising Events | -$301,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,557,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,370,363 |
| 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. | $912,034 |
| Compensation of current officers, directors, key employees. | $499,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,711,610 |
| Pension plan accruals and contributions | $232,943 |
| Other employee benefits | $707,294 |
| Payroll taxes | $879,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,191 |
| Fees for services: Accounting | $64,760 |
| Fees for services: Lobbying | $49,152 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,563 |
| Fees for services: Other | $6,457,495 |
| Advertising and promotion | $538,685 |
| Office expenses | $85,728 |
| Information technology | $182,935 |
| Royalties | $0 |
| Occupancy | $13,995 |
| Travel | $91,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91,383 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $115,017 |
| All other expenses | $0 |
| Total functional expenses | $23,530,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,447,011 |
| Savings and temporary cash investments | $6,151,589 |
| Pledges and grants receivable | $2,502,512 |
| Accounts receivable, net | $320,788 |
| 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 | $41,263 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $22,702,596 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,165,759 |
| Accounts payable and accrued expenses | $2,093,354 |
| Grants payable | $0 |
| Deferred revenue | $652,800 |
| 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 | $0 |
| Total liabilities | $2,746,154 |
| Net assets without donor restrictions | $10,383,742 |
| Net assets with donor restrictions | $25,035,863 |
| 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 | $38,165,759 |
Grants Awarded
Over the last fiscal year, City Parks Foundation Inc has awarded $2,152,965 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
GOWANUS CANAL CONSERVANCY PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $185,000 |
OPEN SPACE ALLIANCE FOR NORTH BROOKLYN INC PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $96,900 |
NATURAL AREAS CONSERVANCY PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $78,000 |
BROOKLYN GREENWAY INITIATIVE PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $95,000 |
NEW YORKERS FOR PARKS PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $75,000 |
SOUTH BRONX UNITE PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $50,000 |