2018-07-11T15:34:22-05:00 2017-12-31 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2017-01-01 133561657 CITY PARKS FOUNDATION CITY 2123601399 830 FIFTH AVENUE NEW YORK NY 100657001 HEATHER LUBOV EXECUTIVE DIRECTOR 2123601399 2018-07-11 1 ROBERT R LYONS CPA P00227472 2125038800 2017 2022-09-23 18:48:47Z HEATHER LUBOV 830 FIFTH AVENUE NEW YORK NY 100657001 26209487 0 X WWW.CITYPARKSFOUNDATION.ORG X 1989 NY AT CITY PARKS FOUNDATION ("CPF"), WE ARE DEDICATED TO INVIGORATING AND TRANSFORMING PARKS INTO DYNAMIC, VIBRANT CENTERS OF URBAN LIFE THROUGH SPORTS, ARTS, COMMUNITY BUILDING AND EDUCATION PROGRAMS FOR ALL NEW YORKERS. OUR PROGRAMS - LOCATED IN MORE THAN 350 PARKS, RECREATION CENTERS AND PUBLIC SCHOOLS ACROSS NEW YORK CITY - REACH 425,000 PEOPLE EACH YEAR. OUR ETHOS IS SIMPLE: THRIVING PARKS MEAN THRIVING COMMUNITIES. 36 35 554 32000 0 0 10641682 15494337 4108608 5575416 869758 1750160 0 0 15620048 22819913 119271 121825 0 0 7383186 9349270 0 61875 977501 8782260 10740130 16284717 20273100 -664669 2546813 38274119 42871158 1544322 1974814 36729797 40896344 X AT CITY PARKS FOUNDATION ("CPF"), WE ARE DEDICATED TO INVIGORATING AND TRANSFORMING PARKS INTO DYNAMIC, VIBRANT CENTERS OF URBAN LIFE THROUGH SPORTS, ARTS, COMMUNITY BUILDING AND EDUCATION PROGRAMS FOR ALL NEW YORKERS. OUR PROGRAMS - LOCATED IN MORE THAN 350 PARKS, RECREATION CENTERS AND PUBLIC SCHOOLS ACROSS NEW YORK CITY - REACH 425,000 PEOPLE EACH YEAR. OUR ETHOS IS SIMPLE: THRIVING PARKS MEAN THRIVING COMMUNITIES. 1 0 6803878 5350216 ARTS & CULTURE: CITYPARKS SHOWS BRINGS HUNDREDS OF LIVE MUSIC, DANCE AND THEATER PERFORMANCES TO COMMUNITIES THROUGHOUT NEW YORK CITY'S FIVE BOROUGHS. THE SUMMERSTAGE FESTIVAL PRESENTS OVER 100 FREE PERFORMANCES AND BENEFIT CONCERTS EACH YEAR IN 16 PARKS THROUGHOUT THE CITY, RANGING FROM AMERICAN POP, LATIN AND WORLD MUSIC TO DANCE, SPOKEN WORD AND THEATER. THE SWEDISH COTTAGE MARIONETTE THEATRE, HOME TO ONE OF THE LAST PUBLIC MARIONETTE COMPANIES IN THE US, PRESENTS MODERN TAKES ON CLASSIC FAIRYTALES, AND THE TRAVELING PUPPETMOBILE PRESENTS FAMILY-FRIENDLY PUPPET SHOWS AND WORKSHOPS OUTDOORS AROUND THE CITY, FREE OF CHARGE. 1566365 27207 SPORTS: CITYPARKS PLAY ACTIVATES NEW YORK'S NEIGHBORHOOD PARKS WITH FREE SPORTS PROGRAMS FOR KIDS, INCLUDING TENNIS, SOCCER, GOLF, TRACK & FIELD, AND MULTI SPORT INSTRUCTION, AS WELL AS FITNESS CLASSES FOR SENIORS. WE HELP NEW YORKERS STAY ACTIVE AND HEALTHY, DISCOVER NEW SPORTS, AND MAKE NEW FRIENDS. 1564031 121825 1000 PARTNERSHIPS FOR PARKS: PARTNERSHIPS FOR PARKS ("PFP"), A JOINT PROGRAM WITH NYC'S DEPARTMENT OF PARKS & RECREATION, PROMOTES COMMUNITY INVOLVEMENT IN PARKS BY BUILDING, LINKING AND STRENGTHENING A CITYWIDE CONSTITUENCY OF PARKS' SUPPORTERS. EACH YEAR PFP SUPPORTS AND EMPOWERS A GROWING NETWORK OF 600 COMMUNITY GROUPS AND VOLUNTEERS DEDICATED TO PROMOTING THEIR LOCAL PARKS AND IMPROVING THE SURROUNDING COMMUNITIES. THROUGH DIRECT ENGAGEMENT, INTENSIVE TRAINING AND TECHNICAL ASSISTANCE, AND PRACTICAL TOOLKITS, WE ENABLE CITIZENS TO PLAY AN ACTIVE AND EFFECTIVE ROLE IN DECISIONS REGARDING THEIR LOCAL GREEN SPACES. THIS YEAR, NEARLY 1,100 CLEAN-UP EVENTS IN PARKS HAVE ENGAGED 25,000 VOLUNTEERS, IMPROVING OVER 360 INDIVIDUAL PARKS. PFP PROVIDES OVER 700 VOLUNTEERS WITH LEADERSHIP TRAINING, AND DISTRIBUTES GRANTS EACH YEAR TO LOCAL PARK GROUPS. 1319630 157802 EDUCATION: CITYPARKS LEARN ENVIRONMENTAL EDUCATION PROGRAMS HELP STUDENTS EXPERIENCE THE FUN OF SCIENCE, WHILE LEARNING ABOUT THEIR RELATIONSHIP TO THE NATURAL WORLD AND THE WAYS IN WHICH THEY CAN PROTECT OUR NATURAL ENVIRONMENT. WE PROVIDE ENVIRONMENTAL SCIENCE PROGRAMS FOR ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS THROUGHOUT NEW YORK CITY, SERVING NEARLY 3,000 KIDS THROUGH SCHOOL-DAY, AFTERSCHOOL AND SUMMER PROGRAMMING, AS WELL AS CREDIT-BEARING TRAINING AND PAID INTERNSHIPS FOR TEENAGERS. 65604 ENVIRONMENTAL BENEFIT PROJECTS: AS THE ADMINISTRATOR OF MITIGATION FUNDS FROM THE NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION ("DEC"), CPF FUNDS ENVIRONMENTAL BENEFIT PROJECTS THAT ADDRESS GREEN INFRASTRUCTURE, SUCH AS THE CREATION AND/OR IMPROVEMENT OF OPEN SPACE, WATERFRONT ACCESS, AND OTHER PROGRAMS ALONG NEWTOWN CREEK. 6185004 39191 FISCAL SPONSORSHIP: CPF ACTS AS THE FISCAL SPONSOR TO NUMEROUS COMMUNITY GROUPS AND THE NYC DEPARTMENT OF PARKS AND RECREATION TO IMPROVE THE APPEARANCE AND USE OF PARKS THROUGH DIRECT PHYSICAL ENHANCEMENTS AND INNOVATIONS IN NYC DEPARTMENT OF PARKS AND RECREATION OPERATIONS. 210092 CAPITAL PROJECTS: DURING THE NINE-MONTH PERIOD ENDED DECEMBER 31, 2016, CPF BEGAN PLANNING FOR THE RENOVATION OF THE SUMMERSTAGE VENUE AT RUMSEY PLAYFIELD IN CENTRAL PARK. CAPITAL FUNDING WAS SECURED FROM THE NYC COUNCIL AND THE MANHATTAN BOROUGH PRESIDENT TO PROCURE VARIOUS ELEMENTS OF THE RENOVATION, WHICH INCLUDED A NEW STAGE WITH ROOF STRUCTURE AND SOUND SYSTEM. FOR THE DESIGN AND CONSTRUCTION MANAGEMENT ASPECTS OF THE PROJECT, FUNDING FROM PRIVATE SOURCES HAVE BEEN RAISED TO COVER THESE SOFT COSTS AND ANCILLARY ITEMS. THE RENOVATION IS EXPECTED TO BE COMPLETED IN TIME FOR THE 2019 SUMMERSTAGE SEASON AND THE TOTAL ESTIMATED COST TO COMPLETE THE PROJECT IS APPROXIMATELY $5 MILLION. 7780330 196993 17714604 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 236 0 554 1 0 0 0 0 0 1 1 0 0 0 0 X 36 35 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SIMON CHU 2123608147 830 FIFTH AVENUE NEW YORK NY 100657001 JOHN TROUBH CHAIR 5.00 X X 0 0 0 ANDREW TISCH CHAIRMAN EMERITUS 2.00 X X 0 0 0 DAVID MOORE EXECUTIVE CHAIR 5.00 X X 0 0 0 JEAN TROUBH EXECUTIVE CHAIR 5.00 X X 0 0 0 DAVID BARSE VICE CHAIR 5.00 X X 0 0 0 SUSAN K FREEDMAN VICE CHAIR 5.00 X X 0 0 0 ROLAND MERCHANT VICE CHAIR 5.00 X X 0 0 0 DAVID B PINTER VICE CHAIR 5.00 X X 0 0 0 GAIL GORDON TREASURER 5.00 X X 0 0 0 LARY S WOLF SECRETARY 5.00 X X 0 0 0 BRUCE C RATNER HONORARY CHAIR 2.00 X X 0 0 0 EDWARD I ADLER BOARD MEMBER 2.00 X 0 0 0 STEVEN BEER BOARD MEMBER 2.00 X 0 0 0 BINTA NIAMBI BROWN BOARD MEMBER 2.00 X 0 0 0 ELAINE CLARK BOARD MEMBER 2.00 X 0 0 0 CLAIRE GOODMAN P CLOUD BOARD MEMBER 2.00 X 0 0 0 AVERY CORMAN BOARD MEMBER 2.00 X 0 0 0 ALEXANDER D DURST BOARD MEMBER 2.00 X 0 0 0 DEBRA FIFE BOARD MEMBER 2.00 X 0 0 0 NATALIE GOMEZ-VELEZ BOARD MEMBER 2.00 X 0 0 0 OLA HIXON BOARD MEMBER 2.00 X 0 0 0 STEVE LEBER BOARD MEMBER 2.00 X 0 0 0 MICHAEL MARRALE BOARD MEMBER 2.00 X 0 0 0 BRENDAN O'ROURKE BOARD MEMBER 2.00 X 0 0 0 ERIC PLANEY BOARD MEMBER 2.00 X 0 0 0 ADAM L ROSEN BOARD MEMBER 2.00 X 0 0 0 MARK RUSSO BOARD MEMBER 2.00 X 0 0 0 ROBERT SAVITT BOARD MEMBER 2.00 X 0 0 0 MITCHELL SILVER EX-OFFICO DIRECTOR 2.00 X 0 0 0 PETER C SIMON BOARD MEMBER 2.00 X 0 0 0 VIRGINIA WADE BOARD MEMBER 2.00 X 0 0 0 PHILIP M WATERMAN JR BOARD MEMBER 2.00 X 0 0 0 HAROLD WEINBERGER BOARD MEMBER 2.00 X 0 0 0 JEFFREY WILKS BOARD MEMBER 2.00 X 0 0 0 BRETT YORMARK BOARD MEMBER 2.00 X 0 0 0 PHYLLIS EHRLICH BOARD MEMBER (FORMER) 2.00 X 0 0 0 HEATHER LUBOV EXECUTIVE DIRECTOR 40.00 X X 267072 0 17038 SIMON CHU CHIEF FINANCIAL OFFICER 40.00 X 146920 0 26801 MICHAEL SILVERMAN DIRECTOR - SPORTS 40.00 X 153566 0 26801 ERIKA ELLIOTT EXECUTIVE ARTISTIC DIRECTOR 40.00 X 124606 0 18552 ROSEMARY JORDA DIRECTOR - MARKETING AND PARTNERSHIPS 40.00 X 123655 0 16125 JOSY DUSSEK DIRECTOR - ARTS OPERATIONS 40.00 X 119910 0 19889 BRYANT BRADSHAW DIRECTOR - INDIVIDUAL GIVING 40.00 X 110425 0 11339 1046154 0 136545 9 0 1 0 CSS SECURITY 134 DELAWARE AVE ISLAND PARK NY 115581903 SECURITY 489271 US STEEL FABRICATORS 350 PARK AVENUE NEW YORK NY 10022 TREE GUARD FABRICATION 357649 BRD DEVELOPMENT CORP 18-20 130TH STREET COLLEGE POINT NY 11356 TREE PIT AND SIDEWALK REPAIRS 346499 RAINBOW SOUND 80 ROME STREET FARMINGDALE NY 11735 SOUND ENGINEERS 181726 UNIWORLD GROUP INC 1 METRO TECH CENTER BROOKLYN NY 11201 MEDIA/ADVERTISING 175250 14 1023774 3179971 11290592 15494337 EARNED INCOME/EVENTS 711300 5575416 5575416 5575416 665450 665450 4087174 3002464 1084710 1084710 1084710 387110 1023774 387110 0 22819913 5575416 0 1750160 X 121825 121825 476222 119223 328209 28790 7156647 6129814 449671 577162 82314 72890 3557 5867 1081836 933015 71708 77113 552251 464838 48698 38715 37850 37850 61875 61875 3712240 3526198 45420 140622 702572 300130 402183 259 92738 75198 9746 7794 210843 187776 13756 9311 162338 150706 11632 101029 61452 39577 EQUIPMENT 1960555 1957664 563 2328 ARTIST FEES 1941728 1941728 SUPPLIES 1402282 1390696 5479 6107 DUES & SUBSCRIPTIONS 298741 172022 107842 18877 117214 109429 5104 2681 20273100 17714604 1580995 977501 2100 2100 11759282 12482823 1822168 4819398 127741 89682 2643467 1947092 846667 696375 23204474 24260580 511687 520200 38274119 42871158 763784 1625836 780538 348978 1544322 1974814 X 14017841 15092552 22621556 25713392 90400 90400 36729797 40896344 38274119 42871158 2546813 1619734 0 X X 0 1 X 1 0 X 15232593 8044968 12421464 10641682 15494337 61835044 2238453 2286296 2737769 2456620 3263470 12982608 17471046 10331264 15159233 13098302 18757807 74817652 74817652 627758 684451 611998 513405 665450 3103062 77920714 22665363 0.96020 0.95830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37850 37850 20235250 20273100 1000000 250000 0 0 1000000 1000000 970690 1000000 3970690 5956035 24600 29500 22600 37850 114550 250000 250000 242673 250000 992673 1489010 24014534 75500 3330131 2637966 24782199 23114910 203563 1311461 615400 24014534 24238913 519331 -110003 1533331 23114910 23526417 1703355 990859 24238913 20101724 1862095 2349654 787056 23526417 0.48000 0.51000 0.01000 0 0 2368038 1712863 655175 275429 234229 41200 696375 X 27714697 1619734 3275050 4894784 22819913 0 22819913 23548150 3275050 3275050 20273100 0 20273100 PART V, LINE 4: CPF'S BOARD OF DIRECTORS HAS DESIGNATED A PORTION OF CPF'S UNRESTRICTED NET ASSETS AS A BOARD-DESIGNATED ENDOWMENT FUND, WHEREIN THE ASSETS WILL BE RETAINED FOR INVESTMENT. IT IS THE EXPECTATION OF CPF THAT THE BOARD-DESIGNATED ENDOWMENT FUND WILL CONTINUE TO GROW TO SECURE THE LONG-TERM STABILITY OF CPF. PERMANENTLY RESTRICTED NET ASSETS OF $90,400 ARE HELD FOR THE PERPETUAL CARE OF TWO MONUMENTS. THE TEMPORARILY RESTRICTED ENDOWMENT ASSETS REPRESENT THE ACCUMULATED INVESTMENT EARNINGS ON THE FISCAL SPONSOR AND OTHER TEMPORARILY RESTRICTED FUNDS THAT HAVE BEEN INVESTED BY CPF. PART X, LINE 2: CPF BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, "INCOME TAXES," WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. 1 SUSTAINABLE PHILANTHROPY LLC 730 COLUMBUS AVENUE APT 12F NEW YORK NY 10025 DEVELOP A COMPREHENSIVE MAJOR GIFTS PLAN. 0 0 61875 -61875 61875 -61875 NY ANNUAL GALA 756600 464616 291984 291984 TENNIS BENEFIT 351458 313726 37732 37732 6 302826 245432 57394 57394 1410884 1023774 387110 387110 387110 0 SCHEDULE G, PART I, LINE 2B, COLUMN (V) CONSULTANT WAS PAID $61,875 BASED ON 2 TO 2.5 DAYS OF WORK PER WEEK, AT THE RATE OF $1,250 PER DAY. 1 NORTHERN MANHATTAN ARTS ALLIANCE 5030 BROADWAY SUITE 723 NEW YORK NY 10034 261997496 501(C)3 8300 0 N/A N/A PARTIAL FUNDING FOR DANCE PERFORMANCES, DANCE STIPENDS AND COORDINATOR, ART INSTALLATION CURATOR AND ARTIST STIPENDS, PERMITS, AND OUTREACH MATERIALS FOR DANCE PERFORMANCES (FILMS AL FRESCO AND DANCE IMPROVISATION) AND RE-IMAGINING A CITY INSTALLATION. NEW YORK SCANDIA SYMPHONY 909 THIRD AVENUE 583 NEW YORK NY 10022 133574230 501(C)3 7000 0 N/A N/A PARTIAL FUNDING FOR ARTIST FEES AND DESIGN AND PRINT OF MARKETING MATERIAL AND FLYERS FOR TWO CHILDREN'S MUSIC PROGRAMS. LOTUS FINE ARTS PRODUCTIONS INC 310 RIVERSIDE DRIVE NEW YORK NY 10025 133530544 501(C)3 6000 0 N/A N/A PARTIAL FUNDING FOR MUSIC LICENSE, CABLING, AND SPEAKERS FOR THE IFOREST EVENT. BRAATA PRODUCTIONS INC 118-05 200TH STREET SAINT ALBANS NY 11412 273402327 501(C)3 5250 0 N/A N/A PARTIAL FUNDING FOR ARTIST STIPENDS, EQUIPMENT RENTAL, AND OUTREACH AND MARKETING MATERIALS FOR THE BANKRA CARIBBEAN FOLK FESTIVAL. IN OUR BACKYARDS INC 540 PRESIDENT ST 3RD FLOOR BROOKLYN NY 11215 263283639 501(C)3 9000 0 N/A N/A MATCHING GRANTS FOR COMMUNITY GROUPS. 5 0 X X X X 0 0 0 0 0 0 0 0 0 HEATHER LUBOV EXECUTIVE DIRECTOR 267072 0 0 0 0 0 8126 0 8912 0 284110 0 0 0 SIMON CHU CHIEF FINANCIAL OFFICER 146920 0 0 0 0 0 4846 0 21955 0 173721 0 0 0 MICHAEL SILVERMAN DIRECTOR - SPORTS 153566 0 0 0 0 0 4846 0 21955 0 180367 0 0 0 FORM 990, PART III, LINE 2 CAPITAL PROJECTS: DURING THE NINE-MONTH PERIOD ENDED DECEMBER 31, 2016, CPF BEGAN PLANNING FOR THE RENOVATION OF THE SUMMERSTAGE VENUE AT RUMSEY PLAYFIELD IN CENTRAL PARK. CAPITAL FUNDING WAS SECURED FROM THE NYC COUNCIL AND THE MANHATTAN BOROUGH PRESIDENT TO PROCURE VARIOUS ELEMENTS OF THE RENOVATION, WHICH INCLUDED A NEW STAGE WITH ROOF STRUCTURE AND SOUND SYSTEM. FOR THE DESIGN AND CONSTRUCTION MANAGEMENT ASPECTS OF THE PROJECT, FUNDING FROM PRIVATE SOURCES HAVE BEEN RAISED TO COVER THESE SOFT COSTS AND ANCILLARY ITEMS. THE RENOVATION IS EXPECTED TO BE COMPLETED IN TIME FOR THE 2019 SUMMERSTAGE SEASON AND THE TOTAL ESTIMATED COST TO COMPLETE THE PROJECT IS APPROXIMATELY $5 MILLION. FORM 990, PART VI, SECTION A, LINE 2 JEAN TROUBH AND JOHN TROUBH HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990, THE RETURN IS MADE AVAILABLE TO THE CPF BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL. ANY COMMENTS, CHANGES OR RECOMMENDATIONS BY INDIVIDUAL BOARD MEMBERS ARE EVALUATED BY THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY CPF BOARD MEMBERS ANNUALLY. IF A TRUSTEE ACKNOWLEDGES A CONFLICT OR POTENTIAL CONFLICT, THE EXECUTIVE COMMITTEE WILL REVIEW AND EVALUATE THE SITUATION AND ACT ACCORDINGLY. FORM 990, PART VI, SECTION B, LINE 15 CPF DETERMINES THE COMPENSATION OF ITS EXECUTIVE AND SENIOR OFFICERS BASED UPON COMPARISONS TO PUBLISHED RATES AT SIMILAR ORGANIZATIONS. KEY BOARD MEMBERS HELP DETERMINE AND APPROVE THE APPROPRIATE PAY LEVELS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DOCUMENTS, SUCH AS THE ORGANIZATION'S FORM 990, ARE OPEN FOR PUBLIC INSPECTION. CERTAIN GOVERNING DOCUMENTS, THE CPF CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT AND PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 3,526,198. MANAGEMENT AND GENERAL EXPENSES 45,420. FUNDRAISING EXPENSES 140,622. TOTAL EXPENSES 3,712,240. FORM 990, PART VIII, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VIII, LINE 2: CPF RECEIVES EARNED INCOME PRIMARILY FROM SIX SOURCES: 1) INCOME FROM PRODUCING CONCERTS AND OTHER EVENTS FOR THIRD PARTIES AT THE SUMMERSTAGE SITE; 2) BOX OFFICE REVENUES FROM MARIONETTE THEATER SHOWS IN THE SWEDISH COTTAGE AT CENTRAL PARK; 3) INCOME FROM CHILDREN'S BIRTHDAY PARTIES AND OTHER EVENTS IN THE SWEDISH COTTAGE; 4) FEES EARNED FROM THE ADMINISTRATION OF FISCAL SPONSOR ACCOUNTS FOR VARIOUS PARKS GROUPS AND NYS PARKS DEPARTMENT PROGRAMS/FUNDS; 5) FEES FROM PROVIDING EDUCATIONAL PROGRAMMING FOR SCHOOLS AND COMMUNITY GROUPS; AND 6) CONCESSION REVENUE FROM THE SALES OF FOOD AND BEVERAGES AT SUMMERSTAGE. SUCH REVENUES PROMOTE SPECIFIC EVENTS AND PROGRAMS SPONSORED BY CPF AND HELP TO FURTHER THE PURPOSE OF CPF. REVENUE FROM BENEFIT CONCERTS REPRESENTS COSTS OF EVENTS PAID TO CPF BY PROMOTERS OF EVENTS HELD AT THE SUMMERSTAGE SITE. SUMMERSTAGE IS AN ARTS PROGRAM OF CPF IN COOPERATION WITH THE NYC DEPARTMENT OF PARKS AND RECREATION.