2019-02-22T14:21:10-06:00 2018-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2017-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CFO CENT 2123106600 14 East 60Th Street New York NY 10022 STEPHEN SPINELLI cfo 2123106600 2019-02-22 true CANDICE METH P01306891 2129498700 64.238.150.4 26505220190535000246 2019-02-22 P 0D2B68B152645337B688DEEE94C514F7769FF7DB 0D2B68B152645337B688DEEE94C514F7769FF7DB 2017 2019-02-21 02:37:17Z Ms Elizabeth W Smith 14 EAST 60TH STREET New York NY 10022 240074435 false X www.centralparknyc.org X 1980 NY See Schedule O. 52 50 463 2227 -328932 -172765 64871412 51819161 13081587 12634446 19862426 4009962 281948 -277610 98097373 68185959 889216 1033421 0 0 35074955 32407109 191440 228493 7289815 36270007 35643730 72425618 69312753 25671755 -1126794 371581363 391516936 11215727 15549772 360365636 375967164 X SEE SCHEDULE O. false false 20156309 2963122 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. 22041153 8662920 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. 5825787 1033421 1008404 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. 2142483 50165732 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 true true false false false false false false false false true 171 0 true 463 true true true false false false false true true false false false false X 52 50 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 X Mrs Suzie Aijala Ex-Officio/WC - thru 6/5/18 1.0 0.0 X 0 0 0 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 Mr Douglas Blonsky President/CEO - thru 2/28/18 35.0 0.0 X X 858326 0 37639 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 Ms Norma T Dana General Trustee -thru 12/12/17 1.0 0.0 X 0 0 0 Ms Angela Diaz Appointed Community Trustee 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 Mrs Sheila Labrecque General Trustee - thru 6/11/18 1.0 0.0 X 0 0 0 Ms Jill Lafer Appointed Trustee (Mayoral) 1.0 0.0 X 0 0 0 Mrs Alexia Leuschen Ex-officio/WC Pres of 6/5/18 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 / COO / CP Adim 35.0 0.0 X X 431336 0 50332 Mrs Amelia Ogunlesi General Trustee 1.0 0.0 X 0 0 0 Mr John Paulson General Trustee - thru 6/11/18 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 Ms Jacqueline Sackler 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 Mrs Donna Schwartz General Trustee - thru 3/29/18 1.0 0.0 X 0 0 0 Ms Laureen E Seeger 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 (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 President/CEO as of 3/1/18 35.0 0.0 X X 0 0 0 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 Community Trustee 1.0 0.0 X 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 35.0 0.0 X 468288 0 49770 Ms Jane McIntosh VP for Philanthropy 35.0 0.0 X 279150 0 39250 Ms Kathryn Ortiz Controller 35.0 0.0 X 207297 0 36774 Ms Laura Hall VP for Dev, WC & Special Event 35.0 0.0 X 326007 0 34143 Ms Mila Brogan VP of Institute 35.0 0.0 X 233289 0 44951 Ms Lane N Addonizio VP for Planning, Design & Cons 35.0 0.0 X 212410 0 39411 Ms Sheila G Kendall Assoc. VP of Human Resources 35.0 0.0 X 153693 0 16295 Ms Abigail D Healy Assoc. VP of Development 35.0 0.0 X 154858 0 9824 Ms Beth M Haskell Assoc. VP for Information Tech 35.0 0.0 X 152435 0 16410 Ms Teresa L Carta Assoc. VP of Institute 35.0 0.0 X 145592 0 21662 Ms Sandra E Huber Assoc. VP of Operations Mgmt 35.0 0.0 X 137079 0 15621 3759760 0 412082 36 false true false KELCO CONSTRUCTION INC 40 AUSTIN BLVD 2ND FLOOR COMMACK NY 11725 CONSTRUCTION 4204802 MSM EMPIRE CONSTRUCTION CORP 260 BROADWAY GARDEN CITY PARK NY 11040 Construction 3983760 FGI Corporation 1901 AMETHYST STREET BRONX NY 10462 construction 2491330 ALMSTEAD TREE SHRUB CARE COMPANY 58 BEECHWOOD AVENUE NEW ROCHELLE NY 10801 construction 1640070 OMABUILD CORPORATION PO BOX 95000-1118 PHILADELPHIA PA 191951118 Construction 1501428 64 6643429 45175732 1808139 51819161 PROGRAM FEES 713990 958104 958104 GARDEN RENTAL FEES 713990 50300 50300 CONTRACT REVENUE 713990 8662920 8662920 PROJECT REVENUE 713990 2963122 2963122 12634446 6156212 6156212 0 39397 39397 0 0 0 167701000 169845373 -2144373 -2146250 -2146250 739270 6643429 1513787 -774517 -774517 0 0 0 1315758 529316 786442 786442 K-1 PASS THROUGH LOSS 525990 -328932 -328932 -328932 68185959 12584146 -328932 4111584 1033421 1033421 0 0 0 4287396 2504921 1120627 661848 0 20420513 14880141 3065732 2474640 1247315 874972 198487 173856 4930173 3615087 707146 607940 1521712 1103681 207547 210484 0 0 105000 105000 0 228493 228493 4863770 4863770 4203155 2010657 708519 1483979 69784 16140 45663 7981 2997361 2703907 36261 257193 0 0 1738468 1010361 173359 554748 64490 46713 6785 10992 0 298847 199347 75320 24180 0 0 1208008 893403 272278 42327 366082 212328 36608 117146 CONTRACTED SERVICES 14733993 14733993 EQUIPMENT AND MAINTENANCE 1084634 781148 101923 201563 LANDSCAPE 1972657 1972657 PRINTING AND PUBLICATIONS 246594 99127 48390 99077 1690887 1473728 83791 133368 69312753 50165732 11857206 7289815 5405503 11488808 48989031 35401003 36614011 29379641 8416887 9858538 0 0 0 0 0 0 217889 290096 1095346 1074705 13308468 10185815 3958748 3122653 68956391 96095308 195220552 201243975 0 0 0 0 2707005 3562209 371581363 391516936 7160368 7547792 0 0 256818 3119266 0 0 0 0 0 0 0 0 0 0 3798541 4882714 11215727 15549772 X 85898636 88276169 177684784 187619995 96782216 100071000 360365636 375967164 371581363 391516936 X -1126794 16980253 -251931 X false true X true false X 37496839 50004309 33938682 64871412 51819161 238130403 0 248063 248063 248063 248063 248063 1240315 37744902 50252372 34186745 65119475 52067224 239370718 29712775 209657943 4721588 5636004 3056949 5362647 6196301 24973489 -2606 554505 -257279 21461 -328932 -12851 10182 1654 11836 264343192 61174013 0.79313 0.81882 X 213994313 2839000 17958000 8194000 226597313 189159313 2944000 30283000 8392000 213994313 198211313 2910000 -4276000 7686000 189159313 199954313 5314000 -149000 6908000 198211313 176165313 2002000 28082000 6295000 199954313 0.28660 0.44160 0.27180 false false 2268641 1407639 861002 9636581 7486562 2150019 1403246 1291614 111632 3122653 LIMITED PARTNERSHIPS 201243975 F 201243975 0 DEFERRED GIFT ANNUITY LIABILITY 1223325 DEFERRED COMPENSATION PLAN 457B 1911571 LONG TERM DEFERRED COMPENSATION 1747818 4882714 X 81257851 16980253 678024 -251931 17406346 63851505 4863770 -529316 4334454 68185959 65656323 678024 678024 64978299 4863770 -529316 4334454 69312753 SCHEDULE D, PART V, QUESTION 4 ENDOWMENTS: The conservancy endowment funds are available to support the following purposes: Horticulture, Maintenance, Preservation, Visitor Services and Public Programs, education, and General Programs of the Conservancy. SCHEDULE D, PART X, QUESTION 2 INCOME TAX UNCERTAINTIES: THE CONSERVANCY FOLLOWS ASU NO. 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES (ASU 2009-06), IN CONJUNCTION WITH ITS ADOPTION OF FINANCIAL ACCOUNTING STANDARDS BOARD (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 ENDING JUNE 30, 2018 AND 2017. SCHEDULE D, PART XI, LINE 2D Other Revenue (Loss): Change in VALUE OF split-interest agreements ($251,931). SCHEDULE D, PART XI AND PART XII, LINE 4B Other Expenses: Cost of goods sold included in expenses for financial statement reporting that have been included in revenue for Form 990, Part VIII, Line 10b: $529,316. Central America and the Caribbean Investments 52574943 Europe (Including Iceland and Greenland) Investments 17810839 North America Investments 7541992 South Asia Investments 5241465 83169239 83169239 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, and South Asia. 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 1901l sTREET NN SUITE 800 WASHINGTON DC 20036 Prof Fundraiser false 3923144 190743 3732401 Creative Direct Response 16900 Science Drive Suite 210 Bowie MD 20715 Prof Fundraiser false 1877785 37750 1840035 5800929 228493 5572436 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 4045707 3521707 524000 593793 FALL GALA 1963125 1915225 47900 526445 3 1373867 1206497 167370 393549 7382699 6643429 739270 1513787 1513787 -774517 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&Rs 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 Gov't Agency 797654 Program Support THE PUBLIC THEATre 425 LAFAYETTE STREET NEW YORK NY 10033 131844852 501(c)(3) 41500 PROGRAM SUPPORT CENTRAL PARK MEDICAL UNIT 457 Madison Avenue PO Box 440 New York NY 10028 112516283 501(c)(3) 25000 Program Support BLACK ROCK FOREST CONSORTIUM 129 CONTINENTAL ROAD CORNWALL NY 12518 133536463 501(c)(3) 27146 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 ASLA 148 West 37th Street 13 New York NY 10018 166050922 501(c)(3) 10000 program support TRUST FOR PUBLIC LAND 666 BROADWAY 9 NEW YORK NY 12500 227222333 501(c)(3) 12500 program support CITY PARKS FOUNDATION 830 FIFTH AVENUE NEW YORK NY 10065 133561657 501(C)(3) 55000 PROGRAM SUPPORT The Friends of Governors Island 10 south street slip 7 new york NY 10004 454317911 501(c)(3) 15000 program support Pittsburgh Parks Conservancy 45 South 23rd street Suite 101 pittsburgh PA 15203 232882145 501(c)(3) 7671 program support 11 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 false true false false false false false true false Mr Douglas Blonsky President/CEO - thru 2/28/18 683326 0 175000 0 0 0 31967 0 5672 0 895965 0 0 0 Mr Christopher Nolan Ex-Officio / COO / CP Adim 381336 0 50000 0 0 0 33422 0 16910 0 481668 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 418288 0 50000 0 0 0 33200 0 16570 0 518058 0 0 0 Ms Jane McIntosh VP for Philanthropy 253150 0 26000 0 0 0 33161 0 6089 0 318400 0 0 0 Ms Kathryn Ortiz Controller 199194 0 8103 0 0 0 30268 0 6506 0 244071 0 0 0 Ms Laura Hall VP for Dev, WC & Special Event 300007 0 26000 0 0 0 33516 0 627 0 360150 0 0 0 Ms Mila Brogan VP of Institute 216414 0 16875 0 0 0 32084 0 12867 0 278240 0 0 0 Ms Lane N Addonizio VP for Planning, Design & Cons 197410 0 15000 0 0 0 32882 0 6529 0 251821 0 0 0 Ms Sheila G Kendall Assoc. VP of Human Resources 147603 0 6090 0 0 0 9286 0 7009 0 169988 0 0 0 Ms Abigail D Healy Assoc. VP of Development 148891 0 5967 0 0 0 9197 0 627 0 164682 0 0 0 Ms Beth M Haskell Assoc. VP for Information Tech 146477 0 5958 0 0 0 9370 0 7040 0 168845 0 0 0 Ms Teresa L Carta Assoc. VP of Institute 139824 0 5768 0 0 0 8811 0 12851 0 167254 0 0 0 Ms Sandra E Huber Assoc. VP of Operations Mgmt 131679 0 5400 0 0 0 8441 0 7180 0 152700 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 4b SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THIS IS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CERTAIN OFFICERS OF THE CONSERVANCY. CONTRIBUTIONS TO THE PLAN MADE BY THE CONSERVANCY DURING THE CALENDAR YEAR 2017 TOTALED $167,000. 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. Marvin Schwartz spouse - d. Schwartz Trustee 178060 Investment Management Fees false John Paulson Trustee 451066 Investment Management Fees false X 81 1808139 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 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 2018: 1. Mrs. Jane Heller has a business relationship with Ms. Judy Hart Angelo, Mrs. Leni May & Ms. Jacqueline Sackler. 2. Mr. Joe Roby has a business relationship with Hamilton James, husband of Board Member Amabel James. 3. Mrs. Donna Schwartz has a family relationship with one of the Conservancy's portfolio managers, Mr. Marvin Schwartz. 4. 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 14, 2019, 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 ($251,931).