2018-02-20T11:23:55-06:00 2017-06-30 EisnerAmper LLP 750 Third Avenue New York NY 100172703 990 2016-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CFO CENT 2123106600 14 East 60Th Street New York NY 10022 STEPHEN SPINELLI cfo 2123106600 2018-02-20 true CANDICE METH P01306891 2129498700 64.238.150.10 26368720180515000044 2018-02-20 P 9F1C1FB24FDE4C70103EEF607A31A2B25D2D6E3D 712652EC78F694EC9DFEAA642B436432881B422C 2016 2021-01-29 14:40:06Z Mr Douglas Blonsky 14 EAST 60TH STREET New York NY 10022 294232394 false X www.centralparknyc.org X 1980 NY See Schedule O. 50 47 498 2101 21461 33938682 64871412 10836306 13081587 4680384 19862426 -311457 281948 49143915 98097373 749801 889216 0 0 33463822 35074955 224244 191440 7958129 33568279 36270007 68006146 72425618 -18862231 25671755 330587867 371581363 10450169 11215727 320137698 360365636 X SEE SCHEDULE O. false false 20238593 4063807 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. 25654147 8819872 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. 5574849 889216 197908 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. 2456193 53923782 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 X 161 0 true 498 true true true false false false false true true false false false false X 50 47 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 Mrs Suzie Aijala Ex-Officio / Women's Committee 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 & Park Admin. 35.0 0.0 X X 841924 0 38359 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 1.0 0.0 X 0 0 0 Mr Bennett Goodman 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 1.0 0.0 X 0 0 0 Ms Jill Lafer Appointed Trustee (Mayoral) 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 Mrs Amelia Ogunlesi General Trustee 1.0 0.0 X 0 0 0 Mr John Paulson 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 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 Mrs Donna Schwartz 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 General Trustee 1.0 0.0 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 Mrs Patsy C Tarr General Trustee thru 3/14/17 1.0 0.0 X 0 0 0 Ms Mary Wallach General Trustee 1.0 0.0 X 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 35.0 0.0 X 451092 0 44216 Mr Christopher Nolan COO/Chief Landscape Architect 35.0 0.0 X 402405 0 45321 Ms Jane McIntosh VP for Philanthropy 35.0 0.0 X 267096 0 39096 Ms Terri Coppersmith VP for Visitor Experience 35.0 0.0 X 535284 0 38680 Ms Kathryn Ortiz Controller 35.0 0.0 X 201434 0 36171 Mr Frank Locastro VP for Operations Management 35.0 0.0 X 343471 0 48907 Ms Laura Hall VP for Dev, WC & Special Event 35.0 0.0 X 316152 0 33385 Mr Russell Fredericks Chief of Operations 35.0 0.0 X 268741 0 21327 Ms Lane N Addonizio VP for Planning, Design & Cons 35.0 0.0 X 152431 0 15474 Ms Sheila G Kendall Assoc VP of Human Resources 35.0 0.0 X 150342 0 14675 Ms Abigail D Healy Assoc VP of Development 35.0 0.0 X 148623 0 15335 Ms Beth M Haskell Assoc VP for Information Tech 35.0 0.0 X 148415 0 15445 4227410 0 406391 40 false true false MSM EMPIRE CONSTRUCTION CORP 128 ROSELLE STREET MINEOLA NY 11501 CONSTRUCTION 3793998 Prestige Pavers of NYC Inc 162 48A 14th Avenue WHITESTONE NY 11357 Construction 3295945 FGI Corporation 1901 Amethyst Street BRONX NY 10462 construction 2988382 Omabuild Corporation PO Box 95000-1118 PENNSYLVANIA PA 19195 construction 1419270 Kelco Construction Inc 40 Austin Blvd 2nd Floor COMMACK NY 11725 Construction 1167410 50 5293437 59577975 702997 64871412 PROGRAM FEES 713990 126760 126760 GARDEN RENTAL FEES 713990 71148 71148 CONTRACT REVENUE 713990 8819872 8819872 PROJECT REVENUE 713990 4063807 4063807 13081587 5318990 5318990 0 43657 43657 0 0 0 208768000 194224564 14543436 14543436 14543436 896560 5293437 1354818 -458258 -458258 0 0 0 1229073 555639 673434 673434 RECYCLING 900099 1654 1654 K-1 PASS THROUGH INCOME 900099 21461 21461 23115 98097373 13012093 21461 20192407 889216 889216 0 0 0 3412543 994774 1288692 1129077 0 22882237 18446558 2212047 2223632 1766898 1201438 302238 263222 4975685 3637686 746380 591619 2037592 1539745 211259 286588 0 0 105000 105000 0 191440 191440 4600310 4600310 3262337 1336758 354223 1571356 64750 17540 2848 44362 3558882 3134138 36459 388285 0 0 1717825 998372 171298 548155 39584 29686 3644 6254 0 178373 123643 22335 32395 0 0 1179508 835157 288490 55861 355118 205968 35512 113638 CONTRACTED SERVICES 15584978 15584978 EQUIPMENT AND MAINTENANCE 1337773 1033299 66670 237804 LANDSCAPE 2045475 2045475 PRINTING AND PUBLICATIONS 290469 121721 34452 134296 1949625 1747630 61850 140145 72425618 53923782 10543707 7958129 7429079 5405503 17755838 48989031 25781871 36614011 7801958 8416887 0 0 0 0 0 0 340437 217889 1007209 1095346 13067080 9108332 3972497 3958748 112004540 68956391 152015434 195220552 0 0 0 0 2479004 2707005 330587867 371581363 6373613 7160368 0 0 400000 256818 0 0 0 0 0 0 0 0 0 0 3676556 3798541 10450169 11215727 X 78835063 85898636 148823419 177684784 92479216 96782216 320137698 360365636 330587867 371581363 X 25671755 14630614 -74431 X false true X true false X 49212210 37496839 50004309 33938682 64871412 235523452 0 277761 248063 248063 248063 248063 1270013 49489971 37744902 50252372 34186745 65119475 236793465 24250702 212542763 4293482 4721588 5636004 3056949 5060343 22768366 -2091 -2606 554505 -257279 -294141 -1612 371 10182 1654 12207 259572426 58199577 0.81882 0.88060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 189159313 2944000 30283000 8392000 213994313 198211313 2910000 -4276000 7686000 189159313 199954313 5314000 -149000 6908000 198211313 176165313 2002000 28082000 6295000 199954313 134419313 33210000 14858000 6322000 176165313 0.28830 0.45230 0.25940 false false 2268641 2268641 9398180 9108332 289848 1400259 1400259 3958748 LIMITED PARTNERSHIPS 195220552 F 195220552 0 DEFERRED GIFT ANNUITY LIABILITY 752145 DEFERRED COMPENSATION PLAN 457 1606374 DEFERRED COMPENSATION 1440022 3798541 X 109308261 14630614 699376 -74431 15255559 94052702 4600310 -555639 4044671 98097373 69080323 699376 699376 68380947 4600310 -555639 4044671 72425618 SCHEDULE D, PART V 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 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, 2017 AND 2016. SCHEDULE D, PART XI, LINE 2D Other Revenue (Loss): Change in split interest ($74,431). 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: $555,639. Central America and the Caribbean Investments 58519724 Europe (Including Iceland and Greenland) Investments 19780163 North America Investments 9236040 South Asia Investments 1268093 88804020 88804020 true false false false true false SCHEDULE F, PART I, LINE 3 Foreign Investments: The Organization 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 Prof Fundraiser false 5800929 191440 5609489 5800929 191440 5609489 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 4242019 3544619 697400 639350 Fall Gala 863825 831025 32800 415413 2 1084153 917793 166360 300055 6189997 5293437 896560 1354818 1354818 -458258 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 and website design. M&Rs 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 702421 Program Support THE PUBLIC THEATER 425 LAFAYETTE STREET NEW YORK NY 10033 131844852 501(c)(3) 40000 PROGRAM SUPPORT ROCKAWAY ARTISTS ALLIANCE INC 260 BEACH 116TH STREET ROCKAWAY PARK NY 11764 133217121 501(c)(3) 40000 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) 22860 Program support CITY PARKS ALLIANCE 121 AVENUE OF THE AMERICAS NEW YORK NY 10013 800015566 501(c)(3) 20000 program support New yorkers for Parks 457 Madison Avenue NEW YORK NY 10022 136167879 501(C)(3) 12000 PROGRAM SUPPORT ASLA 148 West 37th Street 13 New York NY 10018 166050922 501(c)(3) 8000 program support 8 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 false false false false false false true false Mr Douglas Blonsky President & CEO & Park Admin. 666924 0 175000 0 0 0 32170 0 6189 0 880283 0 0 0 Mr Stephen Spinelli CHIEF FINANCIAL OFFICER 406092 0 45000 0 0 0 33030 0 11186 0 495308 0 0 0 Mr Christopher Nolan COO/Chief Landscape Architect 357405 0 45000 0 0 0 33262 0 12059 0 447726 0 0 0 Ms Jane McIntosh VP for Philanthropy 242096 0 25000 0 0 0 33650 0 5446 0 306192 0 0 0 Ms Terri Coppersmith VP for Visitor Experience 523691 0 11593 0 0 0 32711 0 5969 0 573964 0 0 0 Ms Kathryn Ortiz Controller 193567 0 7867 0 0 0 30269 0 5902 0 237605 0 0 0 Mr Frank Locastro VP for Operations Management 329695 0 13776 0 0 0 32882 0 16025 0 392378 0 0 0 Ms Laura Hall VP for Dev, WC & Special Event 291152 0 25000 0 0 0 33385 0 0 349537 0 0 0 Mr Russell Fredericks Chief of Operations 268741 0 0 0 0 0 15071 0 6256 0 290068 0 0 0 Ms Lane N Addonizio VP for Planning, Design & Cons 146679 0 5752 0 0 0 9341 0 6133 0 167905 0 0 0 Ms Sheila G Kendall Assoc VP of Human Resources 144429 0 5913 0 0 0 9280 0 5395 0 165017 0 0 0 Ms Abigail D Healy Assoc VP of Development 142830 0 5793 0 0 0 8913 0 6422 0 163958 0 0 0 Ms Beth M Haskell Assoc VP for Information Tech 142630 0 5785 0 0 0 9021 0 6424 0 163860 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 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 160510 Investment Management Fees false John Paulson Trustee 483064 Investment Management Fees false X 63 702997 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, Section A, Part VI, 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 2017: 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, Section A, Part VI, Line 11A Review of Form 990: ON February 8, 2018, 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, Section B, Part VI, 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, Section B, Part VI, 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 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 SPLIT INTEREST ($74,431). 990-T The Conservancy will subsequently file the 990-T.