Battery Conservancy Inc
- Assets
- $18.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 13-3769101
Organization Overview
Battery Conservancy Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Battery Conservancy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Battery 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 12/2021, Battery Conservancy Inc generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BATTERY CONSERVANCY WAS CREATED IN 1994 AS A 501(C)(3) NOT-FOR-PROFIT EDUCATIONAL CORPORATION TO REBUILD AND REVITALIZE THE BATTERY AND CASTLE CLINTON NATIONAL MONUMENT, THE PARK'S MAJOR LANDMARK. THE CONSERVANCY SPEARHEADS THE IMPROVEMENT EFFORTS IN PARTNERSHIP WITH CITY, STATE AND FEDERAL AGENCIES AND WITH ITS PRIVATE DONORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BATTERY CONSERVANCY PARTNERS WITH THE CITY OF NEW YORK'S DEPARTMENT OF PARKS & RECREATION (NYC PARKS) TO TRANSFORM, MAINTAIN, OPERATE, AND PROGRAM THE BATTERY, THE PUBLIC PARK AT THE SOUTHERN TIP OF MANHATTAN.DURING 2021, THE CONSERVANCY CONTINUED TO OVERSEE THE CONSTRUCTION OF THE BATTERY PLAYSCAPE, WHICH OPENED TO THE PUBLIC IN DECEMBER 2021. THE CONSERVANCY ALSO CONTINUED TO PARTICIPATE IN RESILIENCY PLANNING WITH ALL LEVELS OF GOVERNMENT. THE CONSERVANCY RETURNED TO OFFERING A FULL SLATE OF PROGRAMS, ALBEIT WITH SOMEWHAT LOWER PARTICIPATION THAN PRE-COVID IN 2019. THE CONSERVANCY HELD THE BATTERY GALA IN SEPTEMBER (IT IS TRADITIONALLY HELD IN JUNE) AND THE BATTERY GARDENERS LUNCHEON IN OCTOBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hope Cohen Chief Operating Officer | Officer | 40 | $175,000 |
Steve Lagerstrom Dir. Of Operations & It | 40 | $117,500 | |
Warrie Price President | OfficerTrustee | 40 | $90,000 |
William C Rudin Founding Chairman | OfficerTrustee | 1 | $0 |
Frank Bisignano Chairman | OfficerTrustee | 1 | $0 |
Frederic C Rich Vice Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maglin Corporation Playscape Construction | 12/30/21 | $381,165 |
Situ Fabrication Playscape Construction | 12/30/21 | $346,311 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,281,718 |
| Related organizations | $0 |
| Government grants | $518,338 |
| All other contributions, gifts, grants, and similar amounts not included above | $871,120 |
| Noncash contributions included in lines 1a–1f | $246,391 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,671,176 |
| Total Program Service Revenue | $63,637 |
| Investment income | $112,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $670 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,855,914 |
| 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. | $412,288 |
| Compensation of current officers, directors, key employees. | $136,365 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $777,733 |
| Pension plan accruals and contributions | $12,184 |
| Other employee benefits | $231,370 |
| Payroll taxes | $83,745 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $59,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,412 |
| Fees for services: Other | $72,448 |
| Advertising and promotion | $5,346 |
| Office expenses | $6,687 |
| Information technology | $83,132 |
| Royalties | $0 |
| Occupancy | $62,420 |
| Travel | $8,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $750,194 |
| Insurance | $33,724 |
| All other expenses | $0 |
| Total functional expenses | $3,000,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,497,810 |
| Savings and temporary cash investments | $115,425 |
| Pledges and grants receivable | $226,738 |
| Accounts receivable, net | $9,694 |
| 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 | $84,416 |
| Net Land, buildings, and equipment | $7,112,648 |
| Investments—publicly traded securities | $8,143,340 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,190,071 |
| Accounts payable and accrued expenses | $201,347 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $115,000 |
| Total liabilities | $316,347 |
| Net assets without donor restrictions | $15,221,666 |
| Net assets with donor restrictions | $2,652,058 |
| 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 | $18,190,071 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Battery Conservancy Inc has recieved totaling $268,370.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: ARTS AND CULTURE | $75,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $47,210 |
May And Samuel Rudin Family Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $35,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $21,500 |
American Endowment Foundation Hudson, OH PURPOSE: SPORTS/LEISURE | $13,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $10,000 |
Endowment Analysis
| Beg. Balance | $1,101,788 |
| Earnings | $21,386 |
| Other Expense | $21,386 |
| Ending Balance | $1,101,788 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
New England Historic Genealogical Society Inc Boston, MA | $58,526,477 | $13,569,592 |
Connecticut Trust For Historic Preservation Hamden, CT | $2,880,357 | $12,511,714 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
The Josef And Anni Albers Foundation Inc Bethany, CT | $32,115,057 | $7,525,828 |
Massachusetts Historical Society Boston, MA | $153,195,244 | $13,508,822 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Edward M Kennedy Institute For The United States Senate Inc Boston, MA | $123,530,650 | $3,733,081 |
Nantucket Historical Association Nantucket, MA | $54,222,410 | $8,695,480 |