2016-02-15T10:17:49-06:00 2015-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2014-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CENT 2123106600 14 East 60Th Street New York NY 10022 Stephen Spinelli Chief Financial Officer 2123106600 2016-02-15 true 212-949-8700 P00736879 2129498700 2014 2016-08-17 19:52:53Z Mr Douglas Blonsky 14 EAST 60TH STREET New York NY 10022 199373022 false X www.centralparknyc.org X 1980 NY See Schedule O. 48 45 478 902 0 -250 37496839 50004309 10984560 9186267 11858938 9198552 -268359 -309525 60071978 68079603 141781 188048 0 0 27528652 31102769 75000 94536 7087380 24506658 33028214 52252091 64413567 7819887 3666036 381009294 370096188 9098611 11120503 371910683 358975685 X See Schedule O. false false 19343109 36801 DESIGN AND CONSTRUCTION IN CONNECTION WITH THE RESTORATION OF CENTRAL PARK TO THE SPLENDOR AS AMERICA'S FIRST AND FOREMOST MAJOR URBAN PUBLIC SPACE. THE CONSERVANCY HAS CARRIED OUT A RESTORATION MANAGEMENT PLAN FOR THE PARK,AND MANAGED THE CAPITAL RESTORATION OF MUCH OF THE PARK'S LANDSCAPES AND FACILITIES. 21986692 9100820 As an 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. Helping other parks is a natural extension of the conservancy's core mission. 4267028 188048 48646 THE CONSERVANCY'S PUBLIC PROGRAMS TAKE ADVANTAGE OF THE INVALUABLE RESOURCES IN CENTRAL PARK EACH YEAR PROVIDING EDUCATION, RECREATION, AND VOLUNTEER PROGRAMS THAT SERVE CHILDREN, TEENAGERS, ADULTS, FAMILIES, COMMUNITY ORGANIZATIONS, AND SCHOOLS. 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. 3992696 49589525 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 185 0 true 478 true false true CJ CA UK EI false false false true true false false false false X 48 45 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 2123106600 14 EAST 60TH STREET New York NY 10022 Ms Judy Hart Angelo Trustee 1.0 0.0 X 0 0 0 Ms Elizabeth H Atwood Trustee 1.0 0.0 X 0 0 0 Ms Jane Bayard Vice Chair 1.0 0.0 X X 0 0 0 Mr Jeff T Blau Trustee 1.0 0.0 X 0 0 0 Mr Douglas Blonsky President & CEO and CP Admin 35.0 0.0 X X 717055 0 53656 Hon Gale A Brewer Ex-Officio 1.0 0.0 X 0 0 0 Mrs Judith Carson Trustee 1.0 0.0 X 0 0 0 Mr Richard Cashin Trustee 1.0 0.0 X 0 0 0 Ms Suzanne Cochran Trustee 1.0 0.0 X 0 0 0 Ms Kelly C Coffey Trustee 1.0 0.0 X 0 0 0 Mr Martin Cohen trustee 1.0 0.0 X 0 0 0 Ms Norma T Dana Trustee 1.0 0.0 X 0 0 0 Mr Richard Gilder Trustee 1.0 0.0 X 0 0 0 Mr Bennett Goodman Trustee 1.0 0.0 X 0 0 0 Mr Michael Grobstein Treasurer 1.0 0.0 X X 0 0 0 Mrs Anne S Harrison Trustee 1.0 0.0 X 0 0 0 Mr Kenneth H Heitner Esq Secretary & General Counsel 1.0 0.0 X X 0 0 0 Mrs Jane Heller Trustee 1.0 0.0 X 0 0 0 Ms Amabel James Trustee 1.0 0.0 X 0 0 0 Mr Thomas L Kempner Jr Board Chairman 1.0 0.0 X X 0 0 0 Mr Jonathan Korngold Trustee 1.0 0.0 X 0 0 0 Mrs Sheila Labrecque Trustee 1.0 0.0 X 0 0 0 Ms Jill Lafer Trustee 1.0 0.0 X 0 0 0 Mrs Carol Sutton Lewis trustee 1.0 0.0 X 0 0 0 Mr Robert C Lieber Trustee 1.0 0.0 X 0 0 0 Mr Jay P Mandelbaum Trustee 1.0 0.0 X 0 0 0 Mrs Karen T May EX-OFFICIO 1.0 0.0 X 0 0 0 Mrs Leni May Trustee 1.0 0.0 X 0 0 0 Mr Eugene Mercy Jr Trustee 1.0 0.0 X 0 0 0 Mrs Lynden B Miller Trustee 1.0 0.0 X 0 0 0 Mrs Gillian Miniter Trustee 1.0 0.0 X 0 0 0 Mrs Amelia Ogunlesi Trustee 1.0 0.0 X 0 0 0 Mr John Paulson Trustee 1.0 0.0 X 0 0 0 Ms Deborah Roberts Trustee 1.0 0.0 X 0 0 0 Mr Joe L Roby Trustee 1.0 0.0 X 0 0 0 Mr Eric Rudin Trustee 1.0 0.0 X 0 0 0 Mrs Sigrid Schafer Trustee 1.0 0.0 X 0 0 0 Mrs Donna Schwartz Trustee 1.0 0.0 X 0 0 0 Mr Norman C Selby Trustee 1.0 0.0 X 0 0 0 Mr Alfred J Shuman 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 TRUSTEE 1.0 0.0 X 0 0 0 Mr Donald G Smith Trustee 1.0 0.0 X 0 0 0 Ms Elizabeth W Smith Trustee 1.0 0.0 X 0 0 0 Mr Michael Steinberg Trustee 1.0 0.0 X 0 0 0 Mr John Steinhardt Trustee 1.0 0.0 X 0 0 0 Ms Erana M Stennett Trustee 1.0 0.0 X 0 0 0 Mr John Stossel Trustee 1.0 0.0 X 0 0 0 Mr Stuart Subotnick Trustee 1.0 0.0 X 0 0 0 Mrs Patsy C Tarr Trustee 1.0 0.0 X 0 0 0 Ms Mary Wallach Trustee 1.0 0.0 X 0 0 0 Mr Stephen Spinelli CFO and VP for Administration 35.0 0.0 X 414499 0 49440 Mr Christopher Nolan VP for Planning, Desig & Const 35.0 0.0 X 347319 0 46260 Ms Jane McIntosh VP for Philanthropy 35.0 0.0 X 227911 0 37421 Ms Terri Lynn Coppersmith VP for Visitor Experience 35.0 0.0 X 313581 0 36285 Ms Kathryn Ortiz Controller 35.0 0.0 X 180055 0 35680 Mr Frank Locastro VP for Operations Management 35.0 0.0 X 247416 0 45994 Ms Laura Hall VP for Dev, WC & Special Event 35.0 0.0 X 260614 0 37857 Mr Neil Calvanese VP for Operations 35.0 0.0 X 386920 0 18664 Mr Russell Fredericks Chief of Operations 35.0 0.0 X 156808 0 16105 Ms Abigail D Healy Assoc VP for Development 35.0 0.0 X 140397 0 14979 Ms Beth M Haskell Assoc VP of Information Tech. 35.0 0.0 X 140252 0 15230 Ms Sheila G Kendall Assoc VP of Human Resources 35.0 0.0 X 133547 0 14981 Ms Lane N Addonizio Assoc VP for Planning 35.0 0.0 X 132208 0 14506 3798582 0 437058 33 false true false MSM EMPIRE CONSTRUCTION CORP 128 ROSELLE STREET MINEOLA NY 11501 CONSTRUCTION 2876843 FGI Corp 1901 Amethyst Street BRONX NY 10462 Construction 2827284 Padilla Construction Service Inc 299 Main Street WESTBURY NY 11590 construction 2766139 Prestige Pavers of NYC Inc 162 48A 14th Avenue WHITESTONE NY 10462 construction 2475269 Almstead Tree Co 58 Beechwood Avenue NEW ROCHELLE NY 10801 Tree Services 1368353 58 4846562 45157747 983564 50004309 PROGRAM FEES 713990 42646 42646 GARDEN RENTAL FEES 713990 6000 6000 CONTRACT REVENUE 713990 9100820 9100820 PROJECT REVENUE 713990 36801 36801 9186267 5636004 5636004 0 0 0 0 0 133281000 129718452 3562548 3562548 3562548 771800 4846562 1194292 -422492 -422492 0 493642 380675 112967 112967 0 68079603 9180267 8895027 188048 188048 0 0 0 3156975 1185889 1159460 811626 0 20652069 16297385 2140578 2214106 1379695 980960 193930 204805 4080376 3044523 506503 529350 1833654 1384587 191195 257872 0 0 98000 98000 0 94536 94536 2178534 2178534 3503130 2007398 485475 1010257 33878 3774 4504 25600 4459863 3660677 42411 756775 0 0 1625327 942172 162444 520711 28435 13890 8767 5778 0 184819 133057 22387 29375 0 0 1071815 709325 280674 81816 377703 219068 37770 120865 CONSTRUCTION AND DESIGN 14014655 14014655 EQUIPMENT AND MAINTENANCE 1537164 1536266 214 684 LANDSCAPE 1917857 1917857 PRINTING AND PUBLICATIONS 404835 217839 58625 128371 1592199 1132155 165191 294853 64413567 49589525 7736662 7087380 8421005 5606934 35821033 38160794 44031830 30850905 8532488 5915260 0 0 0 0 0 0 250640 274427 829275 797859 11042536 6764976 4297009 4277560 173380982 133000836 103217849 148849277 0 0 0 0 2227183 2362336 381009294 370096188 6176554 7417446 0 0 150000 245880 0 0 0 0 0 0 0 0 0 0 2772057 3457177 9098611 11120503 X 82220377 88109291 200983873 180218201 88706433 90648193 371910683 358975685 381009294 370096188 X 3666036 -16548108 -52926 X false true X true false X 33376498 32245249 49212210 37496839 50004309 202335105 0 492377 417771 277761 248063 248063 1684035 33868875 32663020 49489971 37744902 50252372 204019140 7153380 196865760 1171252 1227336 4293482 4721588 5636004 17049662 -250 -250 -2091 -2606 -5197 89416 2820 371 92607 221156212 52038495 0.89017 0.92017 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 199954313 5314000 -149000 6908000 198211313 176165313 2002000 28082000 6295000 199954313 134419313 33210000 14858000 6322000 176165313 146695313 1853000 -7796000 6333000 134419313 125201313 2215000 24248000 4969000 146695313 0.29150 0.25120 0.45730 false false 1861497 1861497 7932214 6764976 1167238 1248825 1248825 4277560 LIMITED PARTNERSHIPS 148849277 F 148849277 0 DEFERRED GIFT ANNUITY LIABILITY 698034 DEFERRED COMPENSATION PLAN 457B 1247418 DEFERRED COMPENSATION 1511725 3457177 X 50605800 -16548108 925090 -52926 -15675944 66281744 2178534 -380675 1797859 68079603 63540798 925090 925090 62615708 2178534 -380675 1797859 64413567 SCHEDULE D, PART V ENDOWMENTS: The conservancy endowment funds are available to support the following purposes: Horticulture, Maintenance, Preservation, Visitor Services and Public Programs, 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, 2015 AND 2014. SCHEDULE D, PART XI, LINE 2D Other Revenue (Gain): Change in split interest ($52,926). 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: $380,675. Central America and the Caribbean Investments 63612821 Europe (Including Iceland and Greenland) Investments 11818131 North America Investments 12807072 88238024 88238024 false false false false true false SCHEDULE F, PART I, LINE 3 Foreign Investments: The Organization maintains investments in foreign partnerships such as the Cayman Islands, Ireland, Europe and Canada. All related filings for these investments are completed appropriately and filed on a timely basis. X X X X X X true M R Strategic Service Inc 1901 L STREET NN SUITE 800 WASHINGTON DC 20036 Prof Fundraiser false 5251785 94536 5157249 5251785 94536 5157249 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 3488048 2928448 559600 450096 Fall Gala 1444354 1327154 117200 416426 2 685960 590960 95000 327770 5618362 4846562 771800 1194292 1194292 -422492 true Central Park Medical Unit PO Box 440 New York NY 10028 112516283 501(c)(3) 100000 Program Support Black Rock Forest Consortium 129 Continental Road Cornwall NY 12518 133536463 501(c)(3) 25918 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) 11000 Program Support The American Society of Landscape Architects 636 Eye StreetNW Washington DC 20001 133052765 501(c)(3) 10500 Program support 5 FORM 990, PART III, LINE 4D 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. X X X X X false false false false false false false true false Mr Douglas Blonsky President & CEO and CP Admin 589655 0 127400 0 0 0 33600 0 20056 0 770711 0 0 0 Mr Stephen Spinelli CFO and VP for Administration 341179 0 73320 0 0 0 33600 0 15840 0 463939 0 0 0 Mr Christopher Nolan VP for Planning, Desig & Const 294799 0 52520 0 0 0 30449 0 15811 0 393579 0 0 0 Ms Jane McIntosh VP for Philanthropy 227911 0 0 0 0 0 30748 0 6673 0 265332 0 0 0 Ms Terri Lynn Coppersmith VP for Visitor Experience 277181 0 36400 0 0 0 31416 0 4869 0 349866 0 0 0 Ms Kathryn Ortiz Controller 180055 0 0 0 0 0 29089 0 6591 0 215735 0 0 0 Mr Frank Locastro VP for Operations Management 227416 0 20000 0 0 0 31201 0 14793 0 293410 0 0 0 Ms Laura Hall VP for Dev, WC & Special Event 240614 0 20000 0 0 0 31286 0 6571 0 298471 0 0 0 Mr Neil Calvanese VP for Operations 386920 0 0 0 0 0 12774 0 5890 0 405584 0 0 0 Mr Russell Fredericks Chief of Operations 156808 0 0 0 0 0 9507 0 6598 0 172913 0 0 0 Ms Abigail D Healy Assoc VP for Development 140397 0 0 0 0 0 8403 0 6576 0 155376 0 0 0 Ms Beth M Haskell Assoc VP of Information Tech. 140252 0 0 0 0 0 8574 0 6656 0 155482 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 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 goals and retention objectives. All incentive payments associated with the Plan are deferred for four years to ensure performance and longevity milestones are met. The Plan was adopted by the Board in 2010. Marvin Schwartz Spouse-D Schwartz Trustee 168092 Investment Management Fees false John Paulson Trustee 437314 Investment Management Fees false X 61 983564 FMV false true false Form 990, Part I, Line 1 and Part III, Line 1 Organization's Mission: The mission of Central Park Conservancy is to restore, manage, and enhance Central Park in partnership with the public. 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. 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. Locally, through the Institute, the Central Park Conservancy is working alongside NYC Parks' and Recreation staff in other parks throughout the five boroughs to share our best practices in park management with them and the volunteers that support them. 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 2015: 1. Mrs. Jane Heller has a business relationship with Ms. Judy Hart Angelo & Mrs. Leni May. 2. Mr. Joe Roby has a business relationship with Ms. Amabel James' husband Tony James. 3. Mrs. Donna Schwartz has a family relationship with one of the Conservancy's portfolio managers, Mr. Marvin Schwartz. Form 990, Section A, Part VI, Line 11A Review of 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. ON FEBRUARY 10, 2016, EisnerAmper LLP met with the CONSERVANCY'S CHAIRMAN, TREASURER, CHAIRMAN OF THE AUDIT COMMITTEE, Chairman of the Finance Committee, General Counsel and Management tO REVIEW THE FORM 990. 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 ($52,926).