Madison Square Park Conservancy Inc
- Assets
- $15.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 60
- Location
- New York, NY
- Founding
- 02/2003
- Data as of
- 12/2023
- EIN
- 14-1859935
Organization Overview
Madison Square Park Conservancy Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 12/2023, Madison Square Park Conservancy Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Square 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 12/2023, Madison Square Park Conservancy Inc generated $5.0m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2023. 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
DEDICATED TO KEEPING HISTORIC MADISON SQUARE PARK A BRIGHT, BEAUTIFUL AND ACTIVE PUBLIC PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MADISON SQUARE PARK CONSERVANCY RAISES THE FUNDS THAT SUPPORT THE HORTICULTURE, PARK MAINTENANCE, PARK SECURITY AND A VARIETY OF FREE CULTURAL PROGRAMS FOR ALL AGES. THE CONSERVANCY FUNDS APPROXIMATELY 98% OF THE COST OF PARK MAINTENANCE AND 100% OF THE COST OF SECURITY AND CULTURAL PROGRAMS. APPROXIMATELY 60,000 PEDESTRIANS FLOW THROUGH MADISON SQUARE PARK ON A GIVEN WEEKDAY.OUR MISSION IS TO PROTECT, NURTURE, AND ENHANCE MADISON SQUARE PARK, A DYNAMIC SEVEN-ACRE PUBLIC GREEN SPACE, CREATING AN ENVIRONMENT THAT FOSTERS MOMENTS OF INSPIRATION. AS STEWARDS, WE STRIVE TO ENGAGE THE COMMUNITY THROUGH OUR BEAUTIFUL GARDENS, INVITING AMENITIES, AND WORLD-CLASS PROGRAMMING. WE BELIEVE THAT IN AN URBAN SETTING EVERYONE DESERVES ACCESS TO A PARK THAT ALLOWS FOR RECREATION, RESPITE, AND REFLECTION.
SUSTAINABILITY:SETTING NEW STANDARDS FOR SUSTAINABILITY IS ESSENTIAL FOR OUR PARK AND OUR PLANET. WE SEE THE EFFECTS OF CLIMATE CHANGE EVERY DAY IN OUR PARK. WE ARE COMMITTED TO BECOMING LEADERS IN SUSTAINABLE PRACTICES. OUR GOAL IS TO REDUCE CARBON EMISSIONS, PROTECT THE PARK'S DELICATE ECOSYSTEM, AND INSPIRE INNOVATION THAT EXTENDS BEYOND OUR BORDERS.
PUBLIC ART HAS THE ABILITY TO ENRICH, TO FASCINATE, AND TO ASTONISH. SINCE 2004, THE MAD. SQ. ART PROGRAM HAS BEEN PARTNERING WITH ACCLAIMED, VISIONARY ARTISTS TO REALIZE OUTDOOR WORK ON A MONUMENTALSCALE, WORK THAT COMPLEMENTS AND ENHANCES THE ENVIRONMENT. THESE PROJECTS ARE FREE TO THE PUBLIC AND HAVE MADE MADISON SQUARE PARK A WORLD-RENOWNED CULTURAL DESTINATION. IN 2022, THE CONSERVANCY FEATUREDEXHIBITIONS BY CHRISTINA IGLESIAS AND HUGH HAYDEN WITH ON-SITE AND VIRTUAL PROGRAMMING.
PARK CAPITAL IMPROVEMENTS:MADISON SQUARE PARK STARTED THE CAMPAIGN FOR MADISON SQUARE PARK IN 2017 AND WILL SUPPORT PARK IMPROVEMENT AND TREE FUND. SINCE ITS RESTORATION 20 YEARS AGO, OUR JEWEL OF A PARK HAS BECOME A WELCOME RESPITE AND VIBRANT INSPIRATION FOR MORE THAN 3.5 MILLION VISITORS EACH YEAR - BUT ITS POPULARITY ALSO DRAINS RESOURCES AND STRAINS INFRASTRUCTURE. MOUNTING OPERATIONAL CHALLENGES INCLUDE GARBAGE, RECYCLING, AND PEST MANAGEMENT. UNSIGHTLY DETERIORATION OF AGING HARDSCAPE (PAVERS AND CURBSTONES), FENCING, AND MONUMENTS IS THE RESULT OF DECADES OF WEAR AND TEAR FROM FOOTSTEPS AND WEATHER. INSUFFICIENT ELECTRICAL SUPPLY CREATES LOGISTICAL CHALLENGES AND INCONVENIENCES FORUSERS. THE DOG RUN IS NOT EQUIPPED TO HANDLE THE ENTHUSIASM, WASTE, AND VARIANCE IN SIZES OF ITS CANINE FANS. FINALLY, ONE-THIRD OF THE PARK'S TREES WILL REACH THE END OF THEIR NATURAL LIVES WITHIN THE NEXT 20 YEARS, MAKING SUCCESSION PLANNING AN URGENT NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Barry Director | Trustee | 1 | $0 |
Sasha Bass Director | Trustee | 1 | $0 |
Heg Chung Director | Trustee | 1 | $0 |
Sheila Kearney Davidson Chair | OfficerTrustee | 3 | $0 |
Jessica Distelburger Director | Trustee | 1 | $0 |
Erica Desai Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kc Fabrications Inc Art Exhibitions Fabricators | 12/30/23 | $292,180 |
Hudson Yards Catering Llc Union Square Catering And Bartending | 12/30/23 | $194,894 |
Stamford Tent Event Services Tenting Services | 12/30/23 | $190,778 |
Nyc Parks & Recreations Park Enforcement Patrol | 12/30/23 | $187,314 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $682,644 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,654,149 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,361,793 |
| Total Program Service Revenue | $1,260,401 |
| Investment income | $273,024 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,005,319 |
| 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. | $200,962 |
| Compensation of current officers, directors, key employees. | $14,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,161,408 |
| Pension plan accruals and contributions | $43,778 |
| Other employee benefits | $430,233 |
| Payroll taxes | $216,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,631 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,107 |
| Fees for services: Other | $444,463 |
| Advertising and promotion | $0 |
| Office expenses | $49,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $29,496 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,027 |
| Insurance | $42,430 |
| All other expenses | $93,696 |
| Total functional expenses | $5,325,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,728 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $418,942 |
| Accounts receivable, net | $13,531 |
| 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 | $491,379 |
| Net Land, buildings, and equipment | $214,702 |
| Investments—publicly traded securities | $13,628,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,200,530 |
| Accounts payable and accrued expenses | $279,897 |
| Grants payable | $0 |
| Deferred revenue | $1,177,867 |
| 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 | $335,360 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,793,124 |
| Net assets without donor restrictions | $1,563,998 |
| Net assets with donor restrictions | $11,843,408 |
| 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 | $15,200,530 |