Randalls Island Park Alliance Inc
- Assets
- $16.3m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 111
- Location
- New York, NY
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 13-3787630
Organization Overview
Randalls Island Park Alliance Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Randalls Island Park Alliance Inc employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randalls Island Park Alliance 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 12/2023, Randalls Island Park Alliance Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. While expenses have increased by 1.9% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK WITH THE CITY OF NEW YORK TO DEVELOP PROGRAMS AND MAINTAIN RANDALL'S ISLAND PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIPA MAINTAINED AND IMPROVED 330 ACRES OF PARKLAND ON RANDALL'S ISLAND, INCLUDING OVER 60 ATHLETIC FIELDS, PASSIVE GREENSPACE, MILES OF PATHWAYS, GARDENS, AND NATURAL AREAS, INCLUDING A SALT MARSH, URBAN FARM, AND MORE. KEY PROJECTS IN 2023 INCLUDE PRESERVING AND RESTORING THE WATERFRONT AND THE NATURAL REGIONS, IMPROVING 250+ FEET OF PATHWAYS, AND INCREASING THE TREE CANOPY ON THE ISLAND. AS A PUBLIC-PRIVATE PARTNER OF THE CITY OF NEW YORK, RIPA COLLABORATED WITH THE CITY TO PLAN AND EXECUTE THE DEVELOPMENT AND IMPROVEMENT OF THE PARK.
RIPA MAINTAINED AND OPERATED ICAHN STADIUM, A FACILITY THAT IS IAAF-CERTIFIED TO HOST LOCAL, NATIONAL, AND INTERNATIONAL TRACK AND FIELD EVENTS AND HAS A 5000-PERSON SPECTATOR CAPACITY. THE STADIUM HOSTED APPROXIMATELY 50 MEETS IN 2023, INCLUDING CHAMPIONSHIP MEETS FOR LOCAL PUBLIC, PRIVATE, AND PAROCHIAL SCHOOLS, AND ELITE MEETS AND RUNNING EVENTS FOR PROFESSIONAL ATHLETES. IN ADDITION TO BEING A TRACK AND FIELD VENUE, RECENT INVESTMENTS HAVE BEEN MADE IN A NEW PROFESSIONAL GRASS SOCCER PITCH, PROVIDING A PREMIER FACILITY FOR SOCCER AND OTHER RECTANGULAR FIELD SPORTS THAT SEEK A VENUE FOR THEIR CHAMPIONSHIPS OR HIGH-LEVEL PLAY.
RIPA OFFERED MORE THAN 400 FREE PUBLIC PROGRAMS DURING 2023, REACHING NEARLY 18,000 PARTICIPANTS. RIPA'S PROGRAMMING STAFF PROVIDED OVER 200 DROP-IN PROGRAMS, INCLUDING URBAN FARM EVENTS, SEASONAL FESTIVALS, OUTDOOR MOVIE NIGHTS, AND YOGA, WHICH DREW APPROXIMATELY 6,000 ATTENDEES. RIPA ALSO OFFERED A ROBUST ENVIRONMENTAL EDUCATION PROGRAM FOR LOCAL PUBLIC SCHOOLS, WHICH SERVED 3,000 STUDENTS. ADDITIONALLY, RIPA RAN ITS ANNUAL FREE SUMMER CAMP THAT SERVED LOCAL COMMUNITY-BASED ORGANIZATIONS AND PROVIDED OVER 5,000 KIDS WITH THE OPPORTUNITY TO EXPERIENCE OVER 16 FUN ACTIVITIES AT THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ackman Eloise Director | Trustee | 0.5 | $0 |
Argueta Cesar Director | Trustee | 0.5 | $0 |
Bailey-Castro Denise Director | Trustee | 0.5 | $0 |
Barefield Timothy I Director | Trustee | 0.5 | $0 |
Bose Robert Director | Trustee | 1 | $0 |
Cohen Karen President Emerita & Founder | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Land Tek Group Construction Services | 12/30/18 | $302,272 |
Sprinturf Llc Replacement And Installation Of Turf Fie | 12/30/18 | $1,215,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,192,165 |
| Related organizations | $0 |
| Government grants | $52,744 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,410,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,655,029 |
| Total Program Service Revenue | $5,135,248 |
| Investment income | $348,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$85,150 |
| Net Income from Fundraising Events | -$100,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,974,025 |
| 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. | $521,256 |
| Compensation of current officers, directors, key employees. | $140,768 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,800,614 |
| Pension plan accruals and contributions | $49,090 |
| Other employee benefits | $538,891 |
| Payroll taxes | $463,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,153 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,209 |
| Fees for services: Other | $679,778 |
| Advertising and promotion | $65,533 |
| Office expenses | $435,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,916 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $75,741 |
| Total functional expenses | $10,656,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,321,098 |
| Savings and temporary cash investments | $8,776,341 |
| Pledges and grants receivable | $412,755 |
| Accounts receivable, net | $0 |
| 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 | $220,580 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,481,585 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $109,810 |
| Total assets | $16,322,169 |
| Accounts payable and accrued expenses | $1,819,553 |
| Grants payable | $0 |
| Deferred revenue | $97,732 |
| 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 | $1,917,285 |
| Net assets without donor restrictions | $11,754,708 |
| Net assets with donor restrictions | $2,650,176 |
| 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 | $16,322,169 |