34th Street Partnership Inc
- Assets
- $15.6m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 183
- Location
- New York, NY
- Founding
- 04/1992
- Data as of
- 06/2022
- EIN
- 13-3629973
Organization Overview
34th Street Partnership Inc is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, 34th Street Partnership Inc employed 183 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 34th Street Partnership 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 06/2022, 34th Street Partnership Inc generated $15.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $13.7m during the year ending 06/2022. While expenses have increased by 1.4% 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
IMPROVE THE COMMERCIAL AND PHYSICAL ENVIRONMENT WITHIN NEW YORK CITY'S 34TH STREET DISTRICT BY PROVIDING THE HIGHEST QUALITY SUPPLEMENTAL URBAN SERVICES AND STREETSCAPE IMPROVEMENTS, INCLUDING: SANITATION, SECURITY, HORTICULTURE, VISITOR INFORMATION, PROGRAMMING AND MANAGEMENT OF PUBLIC PARKS AND PEDESTRIAN PLAZAS, AS WELL AS THE DESIGNING, CONSTRUCTING AND MAINTAINING STREETSCAPE AND PARK IMPROVEMENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANITATION AND SPECIAL MAINTENANCE: UNIFORMED SWEEPERS PICK UP LITTER, CLEAN GUTTERS, EMPTY TRASH CANS, REMOVE GRAFFITI AND STICKERS, CLEAN AND SERVICE PARK RESTROOMS, CLEAR SNOW FROM CROSSWALKS, BUS SHELTERS AND PUBLIC SPACES, AND CLEAN AND PAINT STREETSCAPE ELEMENTS THROUGHOUT THE DISTRICT.
OTHER PROGRAM SERVICES INCLUDE: THE MANAGEMENT AND PROGRAMMING OF PUBLIC SPACES - HERALD AND GREELEY SQUARE PARKS AND THE ADJACENT BROADWAY PEDESTRIAN PLAZAS, SEASONAL HORTICULTURAL DISPLAYS IN DISTRICT TREE PITS, PLANTERS, ELEVATED BASKETS AND PARK PLANTING BEDS, MANNED VISITOR SERVICE AND TOURIST INFORMATION CARTS, RETAIL SERVICES AND PROMOTION OF THE DISTRICT, ITS PROGRAMS AND BUSINESSES.
SECURITY AND TAXI DISPATCH: UNIFORMED SECURITY OFFICERS PATROL THE DISTRICT. SECURITY OFFICERS DETER CRIME, REPORT INCIDENTS TO THE NYPD, PROTECT PROPERTY AND ASSIST VISITORS AND RESIDENTS. TAXI DISPATCHERS MONITOR LINES OF WAITING PATRONS AND CABS AT THREE TAXI STANDS AROUND PENN STATION.
CAPITAL PROJECTS: STREETSCAPE IMPROVEMENTS ARE DESIGNED, BUILT AND MAINTAINED IN ACCORDANCE WITH THE URBAN DESIGN PLAN OF THE 34TH STREET DISTRICT. IMPROVEMENTS INCLUDE, BUT ARE NOT LIMITED TO: SIGNATURE GRANITE SIDEWALK CORNERS, DISTINCTIVE LIGHT POLES, ILLUMINATED STREET NAME SIGNS, TREE PITS, FRAMED TRAFFIC CONTROL AND PARKING REGULATION SIGNS, BENCHES, BIKE RACKS, MULTI-UNIT NEWSBOXES, PARK CONCESSION AND PUBLIC RESTROOM BUILDINGS, CUSTOM TRASH CANS AND STREET PLANTERS. CAPITAL PROJECT EXPENSES INCLUDE INTEREST AND OTHER CHARGES RELATED TO THE DEBT ISSUED TO FINANCE IMPROVEMENTS, AS WELL AS, DEPRECIATION OF IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Bauman Class A Director | Trustee | 0.1 | $0 |
Louis Brause Class A Director | Trustee | 0.1 | $0 |
Andrew Burnett Class A Director | Trustee | 0.1 | $0 |
Alan B Chun Class A Director | Trustee | 0.2 | $0 |
Scott Domansky Class A Director | Trustee | 0.1 | $0 |
Jared L Epstein Class A Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sky Maintenance Llc Streetscape Maintenance | 6/29/22 | $183,059 |
A Bulfamante Landscaping Horticulural Installation And Maintenanc | 6/29/22 | $444,649 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,446,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $174,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,621,495 |
| Total Program Service Revenue | $13,967,364 |
| Investment income | $720 |
| 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 | $15,589,751 |
| 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. | $1,032,289 |
| Compensation of current officers, directors, key employees. | $548,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,858,272 |
| Pension plan accruals and contributions | $153,516 |
| Other employee benefits | $1,275,319 |
| Payroll taxes | $512,638 |
| Fees for services: Management | $111,867 |
| Fees for services: Legal | $39,306 |
| Fees for services: Accounting | $57,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,388,987 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $697,688 |
| Travel | $10,076 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,195,751 |
| Insurance | $626,893 |
| All other expenses | $16,446 |
| Total functional expenses | $13,703,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,496 |
| Savings and temporary cash investments | $1,770,805 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,743 |
| 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 | $279,663 |
| Net Land, buildings, and equipment | $9,424,183 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,877,838 |
| Total assets | $15,581,728 |
| Accounts payable and accrued expenses | $983,756 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,267,333 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,654,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,138,261 |
| Total liabilities | $8,043,470 |
| Net assets without donor restrictions | $7,538,258 |
| 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 | $15,581,728 |