2020-03-05T07:31:52-06:00 2019-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2018-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CFO CENT 2123106600 14 East 60Th Street New York NY 10022 ELIZABETH W SMITH PRESIDENT & CEO 2123106600 2020-03-04 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220200655000060 2020-03-05 P 45E03A01E385EA2FD4321D9DC7B70482997C2D58 0D2B68B152645337B688DEEE94C514F7769FF7DB 2018 2020-09-22 18:59:49Z ELIZABETH W SMITH 14 East 60Th Street New York NY 10022 264992775 false X www.centralparknyc.org X 1980 NY See Schedule O. 55 53 424 2724 -1275361 -1275361 51819161 44316472 12634446 10133628 4009962 12889333 -277610 -1667894 68185959 65671539 1033421 607231 0 0 32407109 32654160 228493 298062 7685107 35643730 43855370 69312753 77414823 -1126794 -11743284 391516936 388990197 15549772 28143366 375967164 360846831 X SEE SCHEDULE O. false false 27163890 857803 DESIGN AND CONSTRUCTION IN CONNECTION WITH THE RESTORATION OF CENTRAL PARK AS AMERICA'S FOREMOST URBAN PUBLIC SPACE. THE CONSERVANCY HAS CARRIED OUT A RESTORATION MANAGEMENT PLAN FOR THE PARK, AND MANAGED THE CAPITAL RESTORATION OF A NUMBER OF SIGNIFICANT LANDSCAPES AND FACILITIES. 22582946 8879272 As the official manager of central park, the conservancy is responsible for the day-to-day maintenance operation of the park. Activities include: landscape maintenance, playground maintenance, tree care, turf care, and preservation of historic monuments. The conservancy has set new standards in excellence in park care. It has transformed central park into a model for urban parks worldwide. 5399383 607231 396553 THE CONSERVANCY'S PUBLIC PROGRAMS TAKE ADVANTAGE OF THE INVALUABLE RESOURCES IN CENTRAL PARK PROVIDING EDUCATION, RECREATION, AND VOLUNTEER PROGRAMS THAT SERVE THE COMMUNITY. IN ADDITION, THE CONSERVANCY PROVIDES SERVICES AT THE FIVE FOLLOWING VISITOR CENTERS IN THE PARK: CHARLES A. DANA DISCOVERY CENTER, NORTH MEADOW RECREATION CENTER, BELVEDERE CASTLE, THE DAIRY VISITOR CENTER AND GIFT SHOP, AND CHESS AND CHECKERS HOUSE. 2024181 57170400 true true false false false false false false false true true true false false true true true false false false true false false true true false false true false true false false false false false false false false true false false false false false false false false true X 160 0 true 424 true true true false false false false true true false false false false false false X 55 53 true false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X STEPHEN SPINELLI CFO 2123106600 14 EAST 60TH STREET New York NY 10022 Ms Judy Hart Angelo General Trustee 1.0 0.0 X 0 0 0 Ms Elizabeth H Atwood General Trustee 1.0 0.0 X 0 0 0 Ms Jane Bayard Vice Chair & General Trustee 1.0 0.0 X X 0 0 0 Mr Jeff T Blau General Trustee 1.0 0.0 X 0 0 0 Hon Gale A Brewer Ex-Officio (Man. Bor. Pres.) 1.0 0.0 X 0 0 0 Mrs Judith M Carson General Trustee 1.0 0.0 X 0 0 0 Mr Richard Cashin General Trustee 1.0 0.0 X 0 0 0 Ms Suzanne Cochran General Trustee 1.0 0.0 X 0 0 0 Ms Kelly C Coffey General Trustee 1.0 0.0 X 0 0 0 Mr Martin Cohen General Trustee 1.0 0.0 X 0 0 0 Dr Angela Diaz Appointed Trustee (Board) 1.0 0.0 X 0 0 0 Mr Bennett Goodman General Trustee 1.0 0.0 X 0 0 0 Ms Alice Gottesman General Trustee 1.0 0.0 X 0 0 0 Mr Nicholas A Gravante Jr Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Ms Maxine Griffith Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Mr Michael Grobstein Treasurer & General Trustee 1.0 0.0 X X 0 0 0 Mrs Anne S Harrison General Trustee 1.0 0.0 X 0 0 0 Mr Kenneth H Heitner Esq Secretary/Counsel/Gen. Trustee 1.0 0.0 X X 0 0 0 Mrs Jane Heller General Trustee 1.0 0.0 X 0 0 0 Ms Amabel James General Trustee 1.0 0.0 X 0 0 0 Mr Thomas L Kempner Jr Board Chair & General Trustee 1.0 0.0 X X 0 0 0 Mr Jonathan Korngold General Trustee 1.0 0.0 X 0 0 0 Ms Jill Lafer Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Ms Shelly Lazarus General Trustee 1.0 0.0 X 0 0 0 Ms Alexia Leuschen Ex-Officio(Women's Comm. Pres) 1.0 0.0 X 0 0 0 Mrs Carol Sutton Lewis General Trustee 1.0 0.0 X 0 0 0 Mr Robert C Lieber Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Mr Jay P Mandelbaum General Trustee 1.0 0.0 X 0 0 0 Mrs Leni May General Trustee 1.0 0.0 X 0 0 0 Mr Eugene Mercy Jr General Trustee 1.0 0.0 X 0 0 0 Mrs Gillian Miniter General Trustee 1.0 0.0 X 0 0 0 Mr Charles A Myers Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Mr Christopher Nolan ex-officio (CP Administrator) 35.0 0.0 X X 452395 0 53438 Mrs Amelia Ogunlesi General Trustee 1.0 0.0 X 0 0 0 Ms Deborah Roberts General Trustee 1.0 0.0 X 0 0 0 Mr Joe L Roby General Trustee 1.0 0.0 X 0 0 0 Mr Eric Rudin General Trustee 1.0 0.0 X 0 0 0 Mrs Sigrid Schafer General Trustee 1.0 0.0 X 0 0 0 Mr Richard G Schneidman General Trustee 1.0 0.0 X 0 0 0 Ms Laureen E Seeger General Trustee 1.0 0.0 X 0 0 0 Ms Liz Hilton Segel General Trustee 1.0 0.0 X 0 0 0 Mr Norman C Selby General Trustee 1.0 0.0 X 0 0 0 Mr Alfred J Shuman General Trustee 1.0 0.0 X 0 0 0 Hon Mitchell J Silver EX-OFFICIO(Parks COMMISSIONER) 1.0 0.0 X 0 0 0 Mr AJC Smith General Trustee 1.0 0.0 X 0 0 0 Ms Elizabeth W Smith Ex-Officio (PRESIDENT & CEO) 35.0 0.0 X X 430212 0 39145 Mr John Steinhardt General Trustee 1.0 0.0 X 0 0 0 Ms Erana M Stennett General Trustee 1.0 0.0 X 0 0 0 Mr John Stossel General Trustee 1.0 0.0 X 0 0 0 Mr Stuart Subotnick General Trustee 1.0 0.0 X 0 0 0 Mr Jeff Tarr Jr General Trustee 1.0 0.0 X 0 0 0 Ms Mary Wallach General Trustee 1.0 0.0 X 0 0 0 Ms Anne Williams-Isom Appointed Trustee (Board) 1.0 0.0 X 0 0 0 Mr Barry Wolf General TRUSTEE 1.0 0.0 X 0 0 0 Ms Nanar N Yoseloff GENERAL TRUSTEE 1.0 0.0 X 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 35.0 0.0 X 482874 0 53233 Ms Jane McIntosh VP for Philanthr. THRU 7/15/18 35.0 0.0 X 441112 0 34066 Ms Kathryn Ortiz Controller 35.0 0.0 X 215262 0 38728 Ms Laura Hall VP for Dev, WC & Special Event 35.0 0.0 X 336134 0 34287 Ms Mary Caraccioli Chief Communication Officer 35.0 0.0 X 21923 0 1723 Ms Mila Brogan VP of Administration 35.0 0.0 X 241234 0 53797 Ms Lane N Addonizio VP for Planning, Design & Cons 35.0 0.0 X 223382 0 38496 Ms Sheila G Kendall Assoc. VP of Human Resources 35.0 0.0 X 159574 0 17556 Ms Abigail D Healy VP of Development 35.0 0.0 X 160222 0 32476 Ms Beth M Haskell Assoc. VP for Information Tech 35.0 0.0 X 158186 0 17514 Ms Sandra E Huber VP - Program & Project Managem 35.0 0.0 X 163061 0 17762 Mr John Dillon VP Landscape Management 35.0 0.0 X 176756 0 32891 Mr Douglas Blonsky Former President/CEO 0.0 0.0 X 1554321 0 44556 5216648 0 509668 41 true true false KELCO CONSTRUCTION INC 40 AUSTIN BLVD 2ND FLOOR COMMACK NY 11725 CONSTRUCTION 2216043 GRACIANO CORPORATION 209 SIGNMA DRIVE PITTSBURGH PA 15238 Construction 8746099 FGI Corporation 1901 AMETHYST STREET BRONX NY 10462 construction 2302407 ALMSTEAD TREE SHRUB CARE COMPANY 58 BEECHWOOD AVENUE NEW ROCHELLE NY 10801 construction 2002380 MITCHELL GIURGOLA ARCHITECTS LLP 630 NINTH AVENUE SUITE 711 NEW YORK NY 10036 Construction 1901583 76 5807012 38509460 3500884 44316472 PROGRAM FEES 713990 341553 341553 GARDEN PERMIT FEES 713990 55000 55000 CONTRACT REVENUE 713990 8879272 8879272 PROJECT REVENUE 713990 857803 857803 10133628 5718545 5718545 0 78355 78355 0 0 0 204335000 197164212 7170788 7170788 7170788 282750 5807012 1611097 -1328347 -1328347 0 0 0 1337380 545927 791453 791453 DAMAGES REIMBURSEMENT 900099 66006 66006 K-1 PASS-THROUGH LOSSES 525990 -1275361 -1275361 -1209355 65671539 10199634 -1275361 12430794 607231 607231 0 0 0 3250591 1192206 1439879 618506 0 21852898 16560941 2665194 2626763 812238 402336 237602 172300 5746487 4450469 698699 597319 991946 543700 223060 225186 0 0 107500 107500 0 298062 298062 4573408 4573408 6988446 4036848 1580666 1370932 82241 19046 42467 20728 3693448 3216788 44819 431841 0 0 1881457 1110378 183590 587489 60182 42702 9509 7971 0 428618 212930 180797 34891 0 0 1142504 841861 266978 33665 395849 229592 39585 126672 CONTRACTED SERVICES 18621920 18621920 EQUIPMENT MAINTENANCE 1615484 1215466 128230 271788 LANDSCAPE 2211073 2211073 FACILITY MAINTENANCE 1272616 1233825 9236 29555 780624 421088 128097 231439 77414823 57170400 12559316 7685107 11488808 1758817 35401003 61651335 29379641 19925052 9858538 11564901 0 0 0 0 0 0 290096 236898 1074705 1197618 12108464 9273088 3122653 2835376 96095308 82515851 201243975 203545287 0 0 0 0 3562209 3759062 391516936 388990197 7547792 9491857 0 0 3119266 13112871 0 0 0 0 0 0 0 0 0 0 4882714 5538638 15549772 28143366 X 88276169 95774694 187619995 102284821 100071000 162787316 375967164 360846831 391516936 388990197 X -11743284 -3356646 -20403 X false true X true false X 50004309 33938682 64871412 51819161 44316472 244950036 0 248063 248063 248063 248063 217055 1209307 50252372 34186745 65119475 52067224 44533527 246159343 29183572 216975771 5636004 3056949 5362647 6196301 5795324 26047225 554505 -257279 21461 -328932 -1275361 -1285606 10182 1654 66006 77842 270998804 60962104 0.80065 0.79313 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 235824313 4985000 -701000 9133000 230975313 220430313 5708000 18018000 8332000 235824313 189159313 2944000 36719000 8392000 220430313 198211313 2910000 -4276000 7686000 189159313 199954313 5314000 -149000 6908000 198211313 0.29520 0.46360 0.24120 false false 2519302 1218980 1300322 9589162 8054108 1535054 0 0 0 2835376 LIMITED PARTNERSHIPS 203545287 F 203545287 0 DEFERRED GIFT ANNUITY LIABILITY 1124934 DEFERRED COMPENSATION PLAN 457B 2188062 LONG TERM DEFERRED COMPENSATION 2225642 5538638 X 59022522 -3356646 755513 -20403 -2621536 61644058 4573408 -545927 4027481 65671539 74142855 755513 755513 73387342 4573408 -545927 4027481 77414823 SCHEDULE D, PART V, QUESTION 4 ENDOWMENTS: The conservancy's endowment consists of 86 individual funds established for the following purposes: Horticulture, Maintenance, Preservation, Visitor Services and Public Programs, education, and General Programs of the Conservancy, as well as Board Designated endowment. The Conservancy adopted Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements for Not-for-Profit entities. ASU 2016-14 amends the financial reporting requirements under ASC 958-205 and includes revisions to the classifications of net assets and expanded disclosures on liquidity. SCHEDULE D, PART X, QUESTION 2 INCOME TAX UNCERTAINTIES: The Conservancy follows the provisions of ASC Topic 740, Implementation Guidance on Accounting for Uncertainty in Income Taxes and Disclosure Amendments for Nonpublic Entities (ASC Topic 740), in conjunction with its adoption of the Financial Accounting Standards Board's (FASB) Interpretation No. 48, Accounting for Uncertainty in Income Taxes (now included in Accounting Standards Codification (ASC) Subtopic 740-10, Income Taxes - Overall). The Conservancy recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Income generated from activities unrelated to the Conservancy's exempt purpose is subject to tax. The Conservancy did not have any material unrelated business income tax liabilities for the years ended June 30, 2019 and 2018. SCHEDULE D, PART XI, LINE 2D Other Revenue (Loss): Change in VALUE OF split-interest agreements ($20,403). SCHEDULE D, PART XI AND PART XII, LINES 4B Other: Cost of goods sold included in expenses for financial statement reporting that have been included in revenue for Form 990, Part VIII, Line 10b: $545,927. Central America and the Caribbean Investments 43081558 Europe (Including Iceland and Greenland) Investments 30789276 North America Investments 7829931 Sub-Saharan Africa Investments 7027758 88728523 88728523 true false false false true false SCHEDULE F, PART I, LINE 3 Foreign Investments: The Conservancy maintains investments in foreign partnerships such as Central America/Caribbean, Europe, North America, Sub-Saharan Africa. Amounts reported in column (f) are on the accrual basis. All related filings for these investments are completed and filed on a timely basis. X X X X X X true M R Strategic Service Inc 1101 CONNECTICUT AVE NW 7TH FL Washington DC 20036 Prof Fundraiser false 3635761 202062 3433699 Creative Direct Response 16900 Science Drive Suite 210 Bowie MD 20715 Prof Fundraiser false 2095441 96000 1999441 5731202 298062 5433140 AL AK AZ AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI FLO Luncheon 3765185 3533385 231800 201188 482401 Fall Gala 1258975 1238225 20750 84429 439762 2 1065602 1035402 30200 110494 292823 6089762 5807012 282750 396111 1214986 1611097 -1328347 Schedule G, Part I, Line 1 M&R Strategic Services, Inc. is a digital agency that provides consulting services to the Conservancy with respect to its membership programs. Creative REsponse provides consulting services for web design. Both M&R's and Creative Response's fees are based on specific scopes of work and are not contingent on fundraising results. true NYC DEPARTMENT OF PARKS AND RECREATION 830 5TH AVENUE New York NY 10065 136400434 NYC Parks & REC 434184 Program Support THE PUBLIC THEATre 425 LAFAYETTE STREET NEW YORK NY 10033 131844852 501(c)(3) 43200 PROGRAM SUPPORT CENTRAL PARK MEDICAL UNIT 457 Madison Avenue PO Box 440 New York NY 10028 112516283 501(c)(3) 25000 Program Support CITY PARKS ALLIANCE 121 AVENUE OF THE AMERICAS NEW YORK NY 10013 800015566 501(c)(3) 10000 program support New yorkers for Parks 457 Madison Avenue NEW YORK NY 10022 136167879 501(C)(3) 21000 PROGRAM SUPPORT TRUST FOR PUBLIC LAND 101 Montgomery Street 9th Floor san francisco CA 94104 227222333 501(c)(3) 12500 program support Icahn School of Medicine at Mount sinai One Gustave L Levy Place Box 1049 NEW YORK NY 10029 136171197 501(C)(3) 15000 PROGRAM SUPPORT The Friends of Governors Island 10 south street slip 7 new york NY 10004 454317911 501(c)(3) 10000 program support American Society of Landscape Architects NY Chap 205 E 42nd Street Floor 14 New York NY 10017 136154205 501(c)(3) 8750 program support 9 PART I, LINE 2: USE OF GRANT FUNDS: The Conservancy provides assistance to a small number of mission-related organizations it partners with. The grants are determined and administered in conformance with our collaborative non-profit support policy. PART II, LINE 1: The Conservancy made a grant to the City of New York to provide funding for salaries and benefits for the City to hire additional Park Enforcement Officers to be deployed in Central Park. X X X X X true true false false false false false true false Mr Christopher Nolan ex-officio (CP Administrator) 400395 0 52000 0 0 0 34935 0 18503 0 505833 0 0 0 Ms Elizabeth W Smith Ex-Officio (PRESIDENT & CEO) 370212 0 60000 0 0 0 34512 0 4633 0 469357 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 430874 0 52000 0 0 0 34893 0 18340 0 536107 0 0 0 Ms Jane McIntosh VP for Philanthr. THRU 7/15/18 327385 0 13084 0 100643 0 33439 0 627 0 475178 0 0 0 Ms Kathryn Ortiz Controller 206837 0 8425 0 0 0 31126 0 7602 0 253990 0 0 0 Ms Laura Hall VP for Dev, WC & Special Event 309134 0 27000 0 0 0 33660 0 627 0 370421 0 0 0 Ms Mila Brogan VP of Administration 223234 0 18000 0 0 0 32301 0 21496 0 295031 0 0 0 Ms Lane N Addonizio VP for Planning, Design & Cons 203382 0 20000 0 0 0 30847 0 7649 0 261878 0 0 0 Ms Sheila G Kendall Assoc. VP of Human Resources 153374 0 6200 0 0 0 9430 0 8126 0 177130 0 0 0 Ms Abigail D Healy VP of Development 153872 0 6350 0 0 0 9544 0 22932 0 192698 0 0 0 Ms Beth M Haskell Assoc. VP for Information Tech 152536 0 5650 0 0 0 9353 0 8161 0 175700 0 0 0 Mr Douglas Blonsky Former President/CEO 1079321 0 475000 0 0 0 32961 0 11595 0 1598877 0 0 0 Ms Sandra E Huber VP - Program & Project Managem 156861 0 6200 0 0 0 9615 0 8147 0 180823 0 0 0 Mr John Dillon VP Landscape Management 171131 0 5625 0 0 0 10594 0 22297 0 209647 0 0 0 SCHEDULE J, PART I QUESTION 3 The compensation and management development committee which is comprised of independent members of the governing board engaged independent expert compensation consultants to evaluate executive compensation levels and establish peer-group-based benchmarks related to the organization's mission. Trustees routinely evaluate management performance and compensation to ensure that the compensation process is appropriate and designed to attract and retain the best talent in the industry. The committee documents compensation determinations in the committee minutes. SCHEDULE J, PART I, QUESTION 4a DURING CALENDAR YEAR 2018 (THE CONSERVANCY'S FISCAL-YEAR 2019), THE CONSERVANCY PAID A SEVERANCE PAYMENT TO ONE EMPLOYEE WHO LEFT IN JULY. SCHEDULE J, PART I, QUESTION 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THERE IS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CERTAIN OFFICERS OF THE CONSERVANCY. CONTRIBUTIONS TO THE PLAN MADE BY THE CONSERVANCY DURING CALENDAR YEAR 2018 TOTALED $166,500. SCHEDULE J, PART I, QUESTION 7 LONG-TERM COMPENSATION PROGRAM: The Conservancy's current senior management team has been critical to its success to date. Retaining this team and providing for the attraction and development of future leaders requires, among other things, a compensation program that: (i) aligns pay with performance against the Conservancy's strategic plan and overall objectives; and (ii) provides a pay package that is competitive with organizations that have similar profiles. Consequently, the Conservancy's compensation program is designed to: (i) motivate current high performance; (ii) recognize capabilities and experience; and (iii) provide long-term incentives to retain key management. The Conservancy's compensation program includes: (i) base salary; (ii) annual performance awards; and (iii) a Long-term Incentive Compensation Plan ("Plan") - the program is tied to long-term strategic and retention objectives. All incentive payments associated with the Plan are deferred for four years to ensure performance and retention milestones are met. The Plan was adopted by the Board in 2010. The Plan payments are reflected in Base Compensation. SCHEDULE J, PART II, LINE 12 Mr. Douglas Blonsky, Former President & CEO'S date of departure was 06/30/2018. He is listed on Schedule J as a former officer. His compensation as presented in column (i) of $1,079,321 consisted of: base compensation of $383,339 (which included accrued vacation) as well as previously earned long term deferred compensation from years 2014-18 of $695,982 (including $504,295, which was paid by reason of his retirement). The bonus amount represented in column (ii) of $475,000 includes Mr. Blonsky's annual bonus plus a special award approved by the Board in recognition of Mr. Blonsky's 33 years of service and his contribution to Central Park and the Conservancy. X 62 3500884 FMV false true false Form 990, Part I, Line 1 and Part III, Line 1 Organization's Mission: The mission of The Central Park Conservancy is to restore, manage, and enhance Central Park in partnership with the public. The Central Park Conservancy aspires to build a great organization that sets the standard for and spreads the principles of world-class park management - emphasizing environmental excellence - to improve the quality of open space for the enjoyment of all. The Central Park Conservancy is committed to sustaining this operating model to provide a legacy for future generations of park users. Form 990, Part III, Line 4d Program Services: The Central Park Conservancy Institute for Urban Parks is the educational arm of the Central Park Conservancy. The Institute develops programs designed to foster a deeper appreciation for urban parks and shares the Conservancy's world-class management and stewardship practices. Through the Institute for Urban Parks, the Central Park Conservancy is training and teaching urban park professionals and park stewards, globally, and locally. The Central Park Conservancy is helping other NYC Parks' throughout the five boroughs to share our best practices in Urban park management. Form 990, Part V, Line 15 and Part VII Line 68 Although this employee received compensation on his 2018 W-2 in excess of $1,000,000, he did not meet the criteria under Section 4960 due to the fact that all of his W-2 compensation was earned during 1/1/18 through 6/30/18. This employee retired as of 6/30/18. Per IRS notice 2019-09, for fiscal year June 30, 2019 tax payers, the Section 4960 tax relates to the 7/1/18 through 12/31/18 portion of the fiscal year. Form 990, Part VI, Section A, Line 2 Board Relationships: A relationship questionnaire is distributed to the Conservancy's Board of Trustees on an annual basis. The following trustees disclosed inter-board relationships during fiscal-year 2019: 1. Mrs. Jane Heller has a business relationship with Ms. Judy Hart Angelo and Mrs. Leni May. 2. Mr. Joe Roby has a business relationship with Hamilton James, husband of Board Member Amabel James. 3. Mr. Jeff Blau has a business relationship with Mr. Robert Lieber. Form 990, Part VI, Section A, Line 11A Review of Form 990: ON February 18, 2020, EisnerAmper LLP met with the Conservancy's Chairman, Treasurer, Secretary-General Counsel, CHAIRMAN OF THE AUDIT COMMITTEE, Chairman of the Finance Committee and Management tO REVIEW THE FORM 990. The Central park conservancy's form 990 was prepared by EisnerAmper LLP, the independent tax preparer, based on information provided by the organization's finance and management personnel. SUBSEQUENTLY, THE 990 WAS PROVIDED TO THE BOARD for review prior to filing the return with the IRS. Form 990, Part VI, Section B, Line 12C Conflict of Interest Policy: The Central Park Conservancy ratifies the conflict of interest policy annually. Each trustee, officer, and key employee is required to sign a copy of the policy and provide a certified acknowledgement that they have read and disclosed any conflicts. Copies of these signed policies along with trustee disclosures are kept on file at the central park conservancy's offices. Form 990, Part VI, Section B, Line 15 Compensation: The compensation and management development committee which is comprised of independent members of the governing board engaged independent expert compensation consultants to evaluate executive compensation levels and establish peer-group-based benchmarks related to the organization's mission. Trustees routinely evaluate management's performance and compensation to ensure that the compensation process is appropriate and designed to attract and retain the best talent in the industry. The committee documents compensation determinations in the committee minutes. Form 990, Section C, Part VI, Line 19 Governing Documents: The by-laws, annual reports, audited financial statements, IRS Form 990 documents, conflict of interest policy and privacy policy of the central park conservancy are all available online at www.centralparknyc.org. Form 990, Part XI, Line 9 Other Changes in net assets: CHANGE IN value of SPLIT-INTEREST agreements ($20,403).