2024-03-12T13:32:26-05:00 2023-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2022-07-01 272683349 GOVERNORS ISLAND CORPORATION GOVE 2124402200 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 CLARE NEWMAN PRESIDENT 2124402200 2024-03-11 1 CLARE NEWMAN 999009999 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2024-03-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THE TRUST FOR GOVERNORS ISLAND CLARE NEWMAN 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 65206529 0 X WWW.GOVISLAND.ORG X 2010 NY THE TRUST FOR GOVERNORS ISLAND (THE "TRUST OR "TGI") IS A NONPROFIT CORPORATION CREATED BY THE CITY OF NEW YORK CHARGED WITH THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A VIBRANT YEAR-ROUND RESOURCE FOR NEW YORK CITY, MAKING THE ISLAND A DESTINATION WITH EXTRAORDINARY PUBLIC OPEN SPACE, DIVERSE CULTURAL AND RECREATIONAL ACTIVITIES, AS WELL AS EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. 17 17 106 17 0 0 37685556 56210899 6869235 8749913 72486 195535 60818 50182 44688095 65206529 0 0 0 0 7780527 9399560 0 0 46783 38717075 44735809 46497602 54135369 -1809507 11071160 359077969 379526191 46176739 55604329 312901230 323921862 X THE GOVERNORS ISLAND CORPORATION, DOING BUSINESS AS THE TRUST FOR GOVERNORS ISLAND, IS THE 501(C)(3) NOT-FOR-PROFIT ORGANIZATION CREATED BY THE CITY OF NEW YORK AND CHARGED WITH THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A VIBRANT YEAR ROUND RESOURCE FOR NEW YORK CITY, MAKING THE ISLAND A DESTINATION WITH EXTRAORDINARY PUBLIC OPEN SPACE, DIVERSE CULTURAL AND RECREATIONAL ACTIVITIES, AS WELL AS PERMANENT EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. 0 0 46033633 8800095 THE TRUST IS RESPONSIBLE FOR THE OPERATION, PLANNING AND REDEVELOPMENT OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST PROVIDES FERRY, SECURITY AND MAINTENANCE SERVICES FOR THE ISLAND, ITS VISITORS AND TENANTS, AS WELL AS THE URBAN ASSEMBLY HARBOR SCHOOL LOCATED ON THE ISLAND. AS OF FY 2023, GOVERNORS ISLAND IS OPEN TO THE PUBLIC YEAR ROUND, AND EVERY SEASON VISITORS MAY EXPERIENCE AN ARRAY OF ARTS, CULTURAL AND RECREATIONAL PROGRAMS, AS WELL AS FOOD AND BEVERAGES ON OFFER FROM ISLAND VENDORS. THROUGH AN INITIAL CAPITAL IMPROVEMENT PROGRAM, THE TRUST BUILT 30 ACRES OF NEW PARK SPACE, WHICH OPENED IN 2014, FOLLOWED BY AN EXPANSION IN 2016, WHEN THE HILLS WERE OPENED. ADDITIONAL CAPITAL INVESTMENTS, COMPLETED AND ONGOING, INCLUDE WORK ON THE FERRY INFRASTRUCTURE (DOCKS AND VESSELS), SEAWALL, ELECTRICAL SYSTEM, POTABLE WATER AND OTHER UTILITY SYSTEMS, AS WELL AS NUMEROUS HISTORIC BUILDING STABILIZATION PROJECTS. THE NEXT MAJOR PHASE OF DEVELOPMENT INVOLVES THE CREATION OF A CENTER FOR CLIMATE RESEARCH ON THE ISLAND, A PUBLIC-PRIVATE PROJECT THAT WILL INCLUDE ACADEMIC, RESEARCH AND OTHER PARTNERS. 46033633 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 43 0 1 106 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X WILLA PADGETT - CHIEF FINANCIAL OFF 2124402227 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 ALICE BLANK BOARD MEMBER 1.00 X 0 0 0 ALICIA GLEN CHAIR 1.00 X X 0 0 0 BENJAMIN LAWSKY BOARD MEMBER 1.00 X 0 0 0 CARL WEISBROD BOARD MEMBER 1.00 X 0 0 0 CAROLEE FINK BOARD MEMBER 1.00 X 0 0 0 CHRISTIAN BRANEON BOARD MEMBER 1.00 X 0 0 0 DANIEL NEIDICH BOARD MEMBER 1.00 X 0 0 0 DANIEL SQUADRON BOARD MEMBER 1.00 X 0 0 0 GAURAV KAPADIA BOARD MEMBER 1.00 X 0 0 0 GRACE LEE BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 KAREN HOPKINS BOARD MEMBER 1.00 X 0 0 0 MATTHEW WASHINGTON BOARD MEMBER 1.00 X 0 0 0 MICHAEL OPPENHEIMER BOARD MEMBER 1.00 X 0 0 0 PATRICK KENNELL BOARD MEMBER 1.00 X 0 0 0 SUSAN MERCANDETTI BOARD MEMBER 1.00 X 0 0 0 TIM CAWLEY BOARD MEMBER 1.00 X 0 0 0 TOKUMBO SHOBOWALE BOARD MEMBER 1.00 X 0 0 0 WENDY BRAWER BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER TEPPER CHIEF DEVELOPMENT OFFICER 35.00 X 213856 0 44636 CLARE NEWMAN PRESIDENT/CEO 35.00 X 248738 0 79544 DANIEL HANTMAN GENERAL COUSEL 35.00 X 128005 0 31946 WILLA PADGETT CFO 35.00 X 187158 0 28590 ALEXANDER BRADY DIRECTOR, REAL ESTATE 35.00 X 154202 0 34988 JENNY STALEY VP OPERATIONS 35.00 X 158431 0 65740 ROGER KENNEDY CHIEF ENGINEER 35.00 X 175643 0 0 SARAH KRAUTHEIM VP, PUBLIC AFFAIRS 35.00 X 160085 0 38938 WILLIAM JOHNSON SENIOR DIRECTOR 35.00 X 155239 0 26259 1581357 0 350641 19 0 1 0 LIRO GROUP 10 SOUTH STREET NEW YORK NY 10004 CONSTRUCTION MANAGEMENT 12696912 CONRAD SHIPYARD LLC 1501 FRONT STREET MAGAN CITY LA 70380 BUILDING THE NEW VEHICLE FERRY 4067663 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON STREET CONSHOHOCKEN PA 19428 SECURITY SERVICES 2272596 INTELLIGENT CROWD SOLUTIONS (ICROWD) LLC 160 W 71ST SUITE 8E NEW YORK NY 10023 EMERGENCY MEDICAL TECHNICIAN/AMBULANCE S 734151 ELLIOTT BAY DESIGN GROUP 5305 SHILDHOLE AVENUE NW SUITE 100 SEATTLE WA 98107 FERRY CONSTRUCTION 480680 12 52445816 3765083 47292 56210899 PERMITS AND OTHER FEES 531390 5612003 5612003 LEASES 531390 2009463 2009463 RENTAL INCOME 531390 1128447 1128447 8749913 195535 195535 TELECOM REIMBURSEMENT 900099 37549 37549 OTHER INCOME 900099 12633 12633 50182 65206529 8800095 0 195535 X 1063992 851193 180002 32797 5048316 4601125 437617 9574 365776 355461 10315 1893144 1789115 103200 829 1028332 964117 60632 3583 1236510 1236510 22500 22500 15555047 15395983 159064 31400 31400 73588 73588 150716 150716 1292789 1167999 124790 120089 120089 25508189 20406551 5101638 145354 130819 14535 ART WORK SUPPLIES 407102 366392 40710 SUPPLIES 69875 69875 CONCESSIONAIRE EXPENSES 30207 30207 ADMIN FEES 27551 27551 64892 4878 60014 54135369 46033633 8054953 46783 169 170 3756950 5217219 6205833 5303152 728594 1121427 38252045 38731643 68546 94085 489678269 175351072 302880043 314327197 4185958 6183311 2999831 8547987 359077969 379526191 8671856 13910710 1544792 1491881 35960091 40201738 46176739 55604329 X 0 0 302880043 314327197 10021187 9594665 312901230 323921862 359077969 379526191 11071160 -50528 0 X X 0 1 X 1 0 X 32013624 25556172 26602210 37685556 56210899 178068461 32013624 25556172 26602210 37685556 56210899 178068461 178068461 1044201 41781 28211 72486 195535 1382214 623483 27507 49747 60818 50182 811737 180262412 26117498 0.98780 0.98030 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 12,307. 2019 AMOUNT: $ 485. 2020 AMOUNT: $ 6,687. 2021 AMOUNT: $ 13,129. 2022 AMOUNT: $ 12,633. LEGAL SETTLEMENT - 2018 AMOUNT: $ 600,000. TELECOM REIMBURSEMENT - 2018 AMOUNT: $ 9,285. 2019 AMOUNT: $ 19,916. 2020 AMOUNT: $ 43,060. 2021 AMOUNT: $ 47,689. 2022 AMOUNT: $ 37,549. SALES TAX REIMBURSEMENT - 2018 AMOUNT: $ 1,891. 2019 AMOUNT: $ 7,106. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22500 22500 54112869 54135369 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 110428 101860 17375 22500 252163 250000 250000 250000 250000 1000000 1500000 PART II-B, LINE 1, LOBBYING ACTIVITIES: THE LOBBYING EFFORTS ARE ASSOCIATED WITH COMMUNICATING THE TRUST'S MISSION AND PLANS FOR GROWTH TO LOCAL, STATE AND FEDERAL OFFICIALS AND ADVOCATING FOR CAPITAL PROJECT FUNDING FROM GOVERNMENT SOURCES. 1 1 20539779 12177589 8362190 469138489 163173483 305965006 314327197 SECURITY DEPOSITS 5574175 LEASE 34627563 40201738 65156001 -50528 -50528 65206529 0 65206529 54135369 0 54135369 0 54135369 X X 0 0 0 0 0 0 0 0 0 CLARE NEWMAN PRESIDENT/CEO 248246 0 0 0 492 0 33120 0 46424 0 328282 0 0 0 CHRISTOPHER TEPPER CHIEF DEVELOPMENT OFFICER 213424 0 0 0 432 0 29686 0 14950 0 258492 0 0 0 JENNY STALEY VP OPERATIONS 158133 0 0 0 298 0 23988 0 41752 0 224171 0 0 0 WILLA PADGETT CFO 184956 0 0 0 2202 0 28278 0 312 0 215748 0 0 0 SARAH KRAUTHEIM VP, PUBLIC AFFAIRS 159858 0 0 0 227 0 23988 0 14950 0 199023 0 0 0 ALEXANDER BRADY DIRECTOR, REAL ESTATE 153951 0 0 0 251 0 20038 0 14950 0 189190 0 0 0 WILLIAM JOHNSON SENIOR DIRECTOR 154631 0 0 0 608 0 22583 0 3676 0 181498 0 0 0 ROGER KENNEDY CHIEF ENGINEER 175643 0 0 0 0 0 0 0 0 0 175643 0 0 0 DANIEL HANTMAN GENERAL COUSEL 127715 0 0 0 290 0 10320 0 21626 0 159951 0 0 0 X LIGHT TOWERS 1 47292 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMB (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS THREE (3) MEMBERS, BEING THE INDIVIDUAL HOLDING THE OFFICE OF MAYOR ("MAYOR") OF THE CITY OF NEW YORK (THE "CITY"), THE INDIVIDUAL HOLDING THE OFFICE OF FIRST DEPUTY MAYOR OF THE CITY (OR ITS SUCCESSOR OFFICE), AND THE INDIVIDUAL HOLDING THE OFFICE OF DEPUTY MAYOR OF HOUSING AND ECONOMIC DEVELOPMENT OF THE CITY (OR ITS SUCCESSOR OFFICE), OR EACH SUCH INDIVIDUAL'S AUTHORIZED DELEGATE. ANY SUCH DELEGATION MUST BE MADE IN WRITING AND FILED WITH THE RECORDS OF THE CORPORATION. THE MEMBERS, AS OFFICIALS OF THE CITY, SERVE AS MEMBERS IN FURTHERANCE OF THE INTERESTS OF THE CITY FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS, UPON A MAJORITY VOTE, SHALL BE ENTITLED TO APPOINT SEVENTEEN (17) DIRECTORS OF THE CORPORATION, AS SET FORTH BELOW: (I) TEN DIRECTORS, APPOINTED BY THE MEMBERS IN THEIR CAPACITIES AS OFFICIALS OF THE CITY; (II) ONE DIRECTOR WHO SHALL RESIDE IN BROOKLYN, APPOINTED BY THE MEMBERS IN THEIR CAPACITIES AS OFFICIALS OF THE CITY; (III) ONE DIRECTOR UPON THE NOMINATION OF THE STATE ASSEMBLY MEMBER, 64TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES GOVERNORS ISLAND; (IV) ONE DIRECTOR UPON THE NOMINATION OF THE STATE SENATOR, 25TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES GOVERNORS ISLAND; (V) ONE DIRECTOR UPON THE NOMINATION OF THE CHAIR OF MANHATTAN COMMUNITY BOARD 1, OR ANY SUCCESSOR COMMUNITY BOARD THAT INCLUDES GOVERNORS ISLAND; (VI) ONE DIRECTOR UPON THE NOMINATION OF THE GOVERNOR OF THE STATE OF NEW YORK; (VII) ONE DIRECTOR UPON THE NOMIATION OF THE CITY COUNCIL MEMBER FOR DISTRICT 1, OR ANY SUCCESSOR DISTRICT THAT INCLUDES GOVERNORS ISLAND; AND (VIII) ONE DIRECTOR UPON THE NOMINATION OF THE MANHATTAN BOUROUGH PRESIDENT, OR ANY SUCCESSOR BOROUGH THAT INCLUDES GOVERNORS ISLAND. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MAY TAKE ACTION, INCLUDING FOR THE APPOINTMENT OF DIRECTORS, BY WRITTEN CONSENT, WAIVING ANY NOTICE AND OTHER REQUIREMENTS UNDER THESE BY-LAWS AND THE NOT-FOR-PROFIT CORPORATION LAW. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED IN DETAIL BY TGI'S AUDIT COMMITTEE PRIOR TO FILING THE FORM. ONCE REVIEWED BY THE COMMITTEE, THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD (VIA E-MAIL) FOR ITS REVIEW AND COMMENT, ALSO PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TGI MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY IN PART THROUGH COMPLIANCE WITH NEW YORK CITY CONFLICT OF INTEREST BOARD ("COIB") REQUIREMENTS. TGI EMPLOYEES WHO MEET THE CRITERIA MUST FILE ANNUAL COIB FORMS; MEMBERS OF TGI'S BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLY WITH COIB AND TO FILE ANNUAL COIB FORMS OR EQUIVALENT NEW YORK STATE FORMS. OFFICERS OF THE CORPORATION ARE SUBJECT TO THE RESTRICTIONS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER, WHICH IS THE CITY'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE SENIOR MANAGEMENT OF THE GOVERNORS ISLAND CORPORATION D/B/A THE TRUST FOR GOVERNORS ISLAND ("THE TRUST") INCLUDES THE PRESIDENT, CHIEF DEVELOPMENT OFFICER, CHIEF FINANCIAL OFFICER, AND GENERAL COUNSEL. THE SALARY OF THE PRESIDENT SHALL BE DETERMINED CONSIDERING COMPENSATION AT OTHER COMPARABLE ORGANIZATIONS IN NEW YORK CITY AS WELL AS FACTORS SUCH AS SKILL, EXPERIENCE, PAST PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND WORK HISTORY. THE SALARY OF OTHER SENIOR MANAGEMENT STAFF SHALL BE DETERMINED BY THE PRESIDENT, CONSIDERING FACTORS SUCH AS EMPLOYEE SKILL, EXPERIENCE, PAST PERFORMANCE, WORK HISTORY AND POSITION. THE POLICIES REGARDING OTHER COMPENSATION (INCLUDING PENSION), TRAVEL, REIMBURSEMENT, TIME AND ATTENDANCE OF SENIOR MANAGEMENT SHALL BE SUBSTANTIALLY SIMILAR TO THE POLICIES OF THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION, AVAILABLE TO ALL EMPLOYEES OF THE TRUST. FORM 990, PART VI, SECTION C, LINE 19 TGI'S CERTIFICATE OF INCORPORATION, BY-LAWS, AUDITED FINANCIAL STATEMENTS AND CODE OF ETHICS (WHICH COVERS CONFLICTS OF INTEREST) ARE POSTED ON ITS WEBSITE. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 15,395,983. MANAGEMENT AND GENERAL EXPENSES 159,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 15,555,047. FORM 990, PART XII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAS NOT CHANGED FROM THE PRIOR YEAR.