Washington Square Park Conservancy Inc
- Assets
- $781.6k
- Revenue
- $716.8k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/2013
- Data as of
- 06/2021
- EIN
- 46-1406128
Organization Overview
Washington Square Park Conservancy Inc is located in New York, NY. The organization was established in 2013. 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 06/2021, Washington Square Park Conservancy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington 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 06/2021, Washington Square Park Conservancy Inc generated $716.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $723.6k during the year ending 06/2021. While expenses have increased by 16.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WASHINGTON SQUARE PARK CONSERVANCY ("WSPC") IS A 501(C)(3) NOT FOR PROFIT ORGANIZATION WORKING WITH THE NEW YORK CITY PARKS DEPARTMENT AND NEIGHBORHOOD GROUPS TO ENSURE THAT WASHINGTON SQUARE PARK CONTINUES AS A DIVERSE AND HISTORICAL URBAN GREEN SPACE THROUGH ENGAGING VOLUNTEERS AND RAISING FUNDS TO HELP KEEP THE PARK CLEAN, SAFE AND BEAUTIFUL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LANDSCAPES -EXPENDITURES FOR TWO FULL-TIME GARDENERS, AS WELL AS HORTICULTURAL SUPPLIES AND SUPPORT, SUCH AS PLANT MATERIAL, FENCING, RODENT MANAGEMENT AND TOOLS.
PARK MAINTENANCE -EXPENDITURES FOR SEASONAL AND FULL-TIME MAINTENANCE WORKERS, ALL OF WHOM ARE NYC PARK DEPARTMENT EMPLOYEES, AS WELL AS MAINTENANCE SUPPLIES SUCH AS TOOLS, GLOVES AND CLEANING SUPPLIES.
COMMUNITY -WSPC SUPPORTED VARIOUS PUBLIC EVENTS THROUGHOUT THE YEAR INCLUDING ARTS GRANTS, PUBLIC PROGRAMS AND A FULL-TIME PLAYGROUND ASSOCIATE, A NYC PARKS EMPLOYEE. WSPC SUPPORTS REGULAR PUBLIC PROGRAMS, OPPORTUNITIES FOR VOLUNTEERS TO SERVE THE PARK, INCLUDING GREETER/GUIDE, HORTICULTURE AND PHOTOGRAPHY PROGRAMS. 226 VOLUNTEERS SERVED 1,100 HOURS AT THE PARK DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Ely Chairman | OfficerTrustee | 10 | $0 |
Justine Leguizamo Vice President | OfficerTrustee | 10 | $0 |
Veronica Bulgari President | OfficerTrustee | 10 | $0 |
Gwen Evans Treasurer | OfficerTrustee | 10 | $0 |
John Van Name Secretary | OfficerTrustee | 2 | $0 |
Kyung Choi Bordes Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,100 |
| Related organizations | $0 |
| Government grants | $44,056 |
| All other contributions, gifts, grants, and similar amounts not included above | $656,099 |
| Noncash contributions included in lines 1a–1f | $13,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $723,255 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,430 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,794 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $165,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,869 |
| Payroll taxes | $13,588 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,798 |
| Advertising and promotion | $33,881 |
| Office expenses | $13,061 |
| Information technology | $12,153 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,821 |
| All other expenses | $2,385 |
| Total functional expenses | $723,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $461,502 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $275,000 |
| 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 | $1,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,056 |
| Total assets | $781,558 |
| Accounts payable and accrued expenses | $147,069 |
| 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 | $37,993 |
| Other liabilities | $0 |
| Total liabilities | $185,062 |
| Net assets without donor restrictions | $321,496 |
| Net assets with donor restrictions | $275,000 |
| 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 | $781,558 |
Grants Awarded
Over the last fiscal year, Washington Square Park Conservancy Inc has awarded $151,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK CITY PARKS DEPARTMENT PURPOSE: TO SUPPORT THE EMPLOYMENT OF A FULL-TIME GARDENER EMPLOYED BY THE NYC PARKS DEPARTMENT. | $77,000 |
NEW YORK CITY PARKS DEPARTMENT PURPOSE: TO SUPPORT SEASONAL MAINTENANCE WORKERS IN THE PARK. | $70,000 |
NEW YORK CITY PARKS DEPARTMENT PURPOSE: TO SUPPORT THE EMPLOYMENT OF A PLAYGROUND AIDE AND A BENCH DEDICATION FUNDED BY DONORS | $4,500 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Washington Square Park Conservancy Inc has recieved totaling $224,255.
| Awarding Organization | Amount |
|---|---|
Dalio Family Fund Inc Westport, CT PURPOSE: RESTRICTED TO SUPPORT PARK MAINTENANCE COSTS | $125,000 |
City Parks Foundation Inc New York, NY PURPOSE: MAINTAIN, PROGRAM AND ACTIVATE NYC OPEN SPACES | $35,000 |
Kahn Charitable Foundation Chestnut Hill, MA PURPOSE: UNRESTRICTED | $13,500 |
Wunsch Foundation Inc New York, NY PURPOSE: COMMUNITY | $13,500 |
Spector Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $10,000 |
Ruggles Family Foudation Garden City, NY PURPOSE: GENERAL PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Park Conservancy Inc New York, NY | $389,474,475 | $64,665,936 |
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |