GOVERNORS ISLAND CORPORATION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- GOVERNORS ISLAND CORPORATION (EIN 27-2683349)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-04-08
- IRS object ID
- 202540989349301409
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-04-08T10:31:19-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873707167 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ ADVISORS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272683349 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOVERNORS ISLAND CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GOVE | BusinessNameControlTxt |
| Phone | 2124402200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CLARE NEWMAN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2124402200 | PhoneNum |
| Signature | 2025-03-31 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGDALENA CZERNIAWSKI | PreparerPersonNm |
| PTIN | P00535099 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Preparation | 2025-03-31 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TRUST FOR GOVERNORS ISLAND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CLARE NEWMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $66,092,062 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GOVISLAND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2010 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | 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 REALIZE THE FULL POTENTIAL OF GOVERNORS ISLAND FOR THE INSPIRATION AND ENJOYMENT OF ALL NEW YORKERS, DEMONSTRATING A BOLD VISION FOR PUBLIC SPACE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 108 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $56,210,899 | PYContributionsGrantsAmt |
| CY Contributions Grants | $56,349,918 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $8,749,913 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $8,591,618 | CYProgramServiceRevenueAmt |
| PY Investment Income | $195,535 | PYInvestmentIncomeAmt |
| CY Investment Income | $268,203 | CYInvestmentIncomeAmt |
| PY Other Revenue | $50,182 | PYOtherRevenueAmt |
| CY Other Revenue | $882,323 | CYOtherRevenueAmt |
| PY Total Revenue | $65,206,529 | PYTotalRevenueAmt |
| CY Total Revenue | $66,092,062 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $9,399,560 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,616,480 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $60,678 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $44,735,809 | PYOtherExpensesAmt |
| CY Other Expenses | $47,880,116 | CYOtherExpensesAmt |
| PY Total Expenses | $54,135,369 | PYTotalExpensesAmt |
| CY Total Expenses | $57,496,596 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $11,071,160 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,595,466 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $379,526,191 | TotalAssetsBOYAmt |
| Total Assets EOY | $385,935,347 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $55,604,329 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $53,263,163 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $323,921,862 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $332,672,184 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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 REALIZE THE FULL POTENTIAL OF GOVERNORS ISLAND FOR THE INSPIRATION AND ENJOYMENT OF ALL NEW YORKERS, DEMONSTRATING A BOLD VISION FOR PUBLIC SPACE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $49,214,528 | ExpenseAmt |
| Revenue | $9,473,941 | RevenueAmt |
| Desc | 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 AND RENOVATION PROJECTS. THE NEXT MAJOR PHASE OF DEVELOPMENT INVOLVES THE CREATION OF A CENTER FOR CLIMATE RESEARCH ON THE ISLAND, A PUBLIC-PRIVATE PROJECT THAT INCLUDES ACADEMIC, RESEARCH AND OTHER PARTNERS. | Desc |
| Total Program Service Expenses | $49,214,528 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 43 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 108 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | WILLA PADGETT - CHIEF FINANCIAL OFF | PersonNm |
| Phone | 2124402227 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10004 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ALICE BLANK | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ALICIA GLEN | |||||||
| CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| BENJAMIN LAWSKY | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CARL WEISBROD | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CAROLEE FINK | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTIAN BRANEON | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL NEIDICH | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DANIEL SQUADRON | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GAURAV KAPADIA | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JAMES KELLY MCGOWAN | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| KAREN HOPKINS | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARC NORMAN | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MATTHEW WASHINGTON | |||||||
| BOARD MEMBER (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL OPPENHEIMER | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| PATRICK KENNELL | |||||||
| BOARD MEMBER (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| SUSAN MERCANDETTI | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIM CAWLEY | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TOKUMBO SHOBOWALE | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WENDY BRAWER | |||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHRISTOPHER TEPPER | |||||||
| CHIEF DEVELOPMENT OFFICER | 35.00 | $227,048 | $0 | $63,483 | Yes (X) | ||
| CLARE NEWMAN | |||||||
| PRESIDENT/CEO | 35.00 | $249,360 | $0 | $84,106 | Yes (X) | ||
| DANIEL HANTMAN | |||||||
| GENERAL COUSEL | 35.00 | $198,402 | $0 | $47,082 | Yes (X) | ||
| JENNIFER RENTAS | |||||||
| COO (STARTED 2024) | 35.00 | $0 | $0 | $0 | Yes (X) | ||
| WILLA PADGETT | |||||||
| CFO | 35.00 | $201,135 | $0 | $28,589 | Yes (X) | ||
| ALEXANDER BRADY | |||||||
| DIRECTOR, REAL ESTATE | 35.00 | $160,430 | $0 | $36,456 | Yes (X) | ||
| JENNY STALEY | |||||||
| VP OPERATIONS (OUTGOING) | 35.00 | $166,430 | $0 | $74,974 | Yes (X) | ||
| ROGER KENNEDY | |||||||
| CHIEF ENGINEER | 35.00 | $186,673 | $0 | $89 | Yes (X) | ||
| SARAH KRAUTHEIM | |||||||
| VP, PUBLIC AFFAIRS | 35.00 | $169,819 | $0 | $40,406 | Yes (X) | ||
| WILLIAM JOHNSON | |||||||
| SENIOR DIRECTOR | 35.00 | $162,433 | $0 | $26,303 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,721,730 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $401,488 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CONRAD SHIPYARD LLC | |||||
| 1501 FRONT STREET | MAGAN CITY | LA | 70380 | BUILDING THE NEW VEHICLE FERRY | $19,817,133 |
| LIRO GROUP | |||||
| 10 SOUTH STREET | NEW YORK | NY | 10004 | CONSTRUCTION MANAGEMENT | $17,036,198 |
| ALLIED UNIVERSAL SECURITY SERVICES | |||||
| 161 WASHINGTON STREET | CONSHOHOCKEN | PA | 19428 | SECURITY SERVICES | $2,007,240 |
| ELLIOTT BAY DESIGN GROUP | |||||
| 5305 SHILDHOLE AVENUE NW SUITE 100 | SEATTLE | WA | 98107 | FERRY CONSTRUCTION | $860,719 |
| RISA HELLER COMMUNICATIONS | |||||
| 233 BROADWAY 2160 | NEW YORK | NY | 10279 | PUBLIC AFFAIRS CONSULTANTS | $155,500 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $54,030,853 | GovernmentGrantsAmt |
| All Other Contributions | $2,319,065 | AllOtherContributionsAmt |
| Noncash Contributions | $49,177 | NoncashContributionsAmt |
| Total Contributions | $56,349,918 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PERMITS AND OTHER FEES | 531390 | $4,957,982 | $4,957,982 |
| LEASES | 531390 | $2,035,510 | $2,035,510 |
| RENTAL INCOME | 531390 | $1,598,126 | $1,598,126 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $8,591,618 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $268,203 | TotalRevenueColumnAmt |
| Exclusion | $268,203 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| OTHER INCOME | 900099 | $863,558 | $863,558 |
| TELECOM REIMBURSEMENT | 900099 | $18,765 | $18,765 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $882,323 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $66,092,062 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $9,473,941 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $268,203 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,192,475 | TotalAmt |
| Program Services | $1,038,699 | ProgramServicesAmt |
| Management And General | $119,248 | ManagementAndGeneralAmt |
| Fundraising | $34,528 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,584,859 | TotalAmt |
| Program Services | $5,009,473 | ProgramServicesAmt |
| Management And General | $558,486 | ManagementAndGeneralAmt |
| Fundraising | $16,900 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $397,533 | TotalAmt |
| Program Services | $364,029 | ProgramServicesAmt |
| Management And General | $33,504 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,410,140 | TotalAmt |
| Program Services | $1,282,440 | ProgramServicesAmt |
| Management And General | $124,449 | ManagementAndGeneralAmt |
| Fundraising | $3,251 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,031,473 | TotalAmt |
| Program Services | $933,782 | ProgramServicesAmt |
| Management And General | $91,692 | ManagementAndGeneralAmt |
| Fundraising | $5,999 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $187,652 | TotalAmt |
| Management And General | $187,652 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,535 | TotalAmt |
| Program Services | $45,535 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,291,669 | TotalAmt |
| Program Services | $19,090,326 | ProgramServicesAmt |
| Management And General | $201,343 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,857 | TotalAmt |
| Management And General | $99,857 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,346 | TotalAmt |
| Management And General | $116,346 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $182,348 | TotalAmt |
| Management And General | $182,348 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,102,428 | TotalAmt |
| Program Services | $996,384 | ProgramServicesAmt |
| Management And General | $106,044 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,389 | TotalAmt |
| Management And General | $39,389 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,931,601 | TotalAmt |
| Program Services | $19,945,281 | ProgramServicesAmt |
| Management And General | $4,986,320 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $190,551 | TotalAmt |
| Program Services | $171,496 | ProgramServicesAmt |
| Management And General | $19,055 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt | Program ServicesProgramServicesAmt |
|---|---|---|---|
| BAD DEBT EXPENSE | $640,502 | $640,502 | |
| ART WORK SUPPLIES | $374,537 | $37,454 | $337,083 |
| PROPERTY MANAGEMENT/LEA | $346,737 | $346,737 | |
| PROGRAMMING | $135,183 | $135,183 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,781 | TotalAmt |
| Management And General | $195,781 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,496,596 | TotalAmt |
| Program Services | $49,214,528 | ProgramServicesAmt |
| Management And General | $8,221,390 | ManagementAndGeneralAmt |
| Fundraising | $60,678 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170 | BOYAmt |
| EOY | $170 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,217,219 | BOYAmt |
| EOY | $3,398,488 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,303,152 | BOYAmt |
| EOY | $6,876,398 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,121,427 | BOYAmt |
| EOY | $1,193,856 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,731,643 | BOYAmt |
| EOY | $39,193,300 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $94,085 | BOYAmt |
| EOY | $102,960 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $519,020,851 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $200,282,675 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $314,327,197 | BOYAmt |
| EOY | $318,738,176 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,183,311 | BOYAmt |
| EOY | $7,177,313 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,547,987 | BOYAmt |
| EOY | $9,254,686 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,526,191 | BOYAmt |
| EOY | $385,935,347 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,910,710 | BOYAmt |
| EOY | $12,419,654 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,491,881 | BOYAmt |
| EOY | $1,467,820 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,201,738 | BOYAmt |
| EOY | $39,375,689 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,604,329 | BOYAmt |
| EOY | $53,263,163 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $314,327,197 | BOYAmt |
| EOY | $318,738,176 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,594,665 | BOYAmt |
| EOY | $13,934,008 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,921,862 | BOYAmt |
| EOY | $332,672,184 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $379,526,191 | BOYAmt |
| EOY | $385,935,347 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,595,466 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $154,856 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,556,172 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,602,210 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,685,556 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $56,210,899 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,349,918 | CurrentTaxYearAmt |
| Total | $202,404,755 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $25,556,172 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $26,602,210 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $37,685,556 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $56,210,899 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,349,918 | CurrentTaxYearAmt |
| Total | $202,404,755 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $202,404,755 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $41,781 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,211 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $72,486 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $195,535 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $268,203 | CurrentTaxYearAmt |
| Total | $606,216 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $27,507 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $49,747 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $60,818 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $50,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $882,323 | CurrentTaxYearAmt |
| Total | $1,070,577 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $204,081,548 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $31,382,577 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99180 | PublicSupportCY170Pct |
| Public Support PY170 | 0.98780 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | OTHER INCOME - 2019 AMOUNT: $ 485. 2020 AMOUNT: $ 6,687. 2021 AMOUNT: $ 13,129. 2022 AMOUNT: $ 12,633. 2023 AMOUNT: $ 863,558. TELECOM REIMBURSEMENT - 2019 AMOUNT: $ 19,916. 2020 AMOUNT: $ 43,060. 2021 AMOUNT: $ 47,689. 2022 AMOUNT: $ 37,549. 2023 AMOUNT: $ 18,765. SALES TAX REIMBURSEMENT - 2019 AMOUNT: $ 7,106. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $45,535 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $45,535 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $57,451,061 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $57,496,596 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $101,860 | CurrentYearMinus3Amt |
| Current Year Minus2 | $17,375 | CurrentYearMinus2Amt |
| Current Year Minus1 | $22,500 | CurrentYearMinus1Amt |
| Current Year | $45,535 | CurrentYearAmt |
| Total | $187,270 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1, LOBBYING ACTIVITIES: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1 | OtherCostOrOtherBasisAmt |
| Book Value | $1 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,635,656 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,046,425 | DepreciationAmt |
| Book Value | $8,589,231 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $496,385,194 | OtherCostOrOtherBasisAmt |
| Depreciation | $186,236,250 | DepreciationAmt |
| Book Value | $310,148,944 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $318,738,176 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| SECURITY DEPOSITS | $5,570,988 |
| LEASE | $33,804,701 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $39,375,689 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $66,246,918 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $154,856 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | $154,856 | RevenueNotReportedAmt |
| Revenue Subtotal | $66,092,062 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $66,092,062 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $57,496,596 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $57,496,596 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $57,496,596 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CLARE NEWMAN | ||||||||||||||
| PRESIDENT/CEO | $248,868 | $0 | $0 | $0 | $492 | $0 | $33,120 | $0 | $50,986 | $0 | $333,466 | $0 | $0 | $0 |
| CHRISTOPHER TEPPER | ||||||||||||||
| CHIEF DEVELOPMENT OFFICER | $226,616 | $0 | $0 | $0 | $432 | $0 | $29,686 | $0 | $33,797 | $0 | $290,531 | $0 | $0 | $0 |
| DANIEL HANTMAN | ||||||||||||||
| GENERAL COUSEL | $197,964 | $0 | $0 | $0 | $438 | $0 | $10,320 | $0 | $36,762 | $0 | $245,484 | $0 | $0 | $0 |
| JENNY STALEY | ||||||||||||||
| VP OPERATIONS (OUTGOING) | $166,132 | $0 | $0 | $0 | $298 | $0 | $23,988 | $0 | $50,986 | $0 | $241,404 | $0 | $0 | $0 |
| WILLA PADGETT | ||||||||||||||
| CFO | $198,933 | $0 | $0 | $0 | $2,202 | $0 | $28,278 | $0 | $311 | $0 | $229,724 | $0 | $0 | $0 |
| SARAH KRAUTHEIM | ||||||||||||||
| VP, PUBLIC AFFAIRS | $169,592 | $0 | $0 | $0 | $227 | $0 | $23,988 | $0 | $16,418 | $0 | $210,225 | $0 | $0 | $0 |
| ALEXANDER BRADY | ||||||||||||||
| DIRECTOR, REAL ESTATE | $160,137 | $0 | $0 | $0 | $293 | $0 | $20,038 | $0 | $16,418 | $0 | $196,886 | $0 | $0 | $0 |
| WILLIAM JOHNSON | ||||||||||||||
| SENIOR DIRECTOR | $161,298 | $0 | $0 | $0 | $1,135 | $0 | $22,583 | $0 | $3,720 | $0 | $188,736 | $0 | $0 | $0 |
| ROGER KENNEDY | ||||||||||||||
| CHIEF ENGINEER | $186,673 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $89 | $0 | $186,762 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 4A | FormAndLineReferenceDesc |
| Explanation | JENNY STALEY RECEIVED SEVERANCE PAYMENT OF $40,170 DURING CALENDAR 2024. THEREFORE THIS AMOUNT IS NOT INCLUDED IN PART VII OR SCHEDULE J PART II. | ExplanationTxt |
Schedule M IRS990ScheduleM
Other Non Cash Contri Table OtherNonCashContriTableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Desc | PARK EQUIPMENT | Desc |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $49,177 | NoncashContributionsRptF990Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER IN COLUMB (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 19,090,326. MANAGEMENT AND GENERAL EXPENSES 201,343. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,291,669. |
| 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. |