APPLE INDUSTRIAL DEVELOPMENT CORP: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- APPLE INDUSTRIAL DEVELOPMENT CORP (EIN 13-3010779)
- Tax period
- 2014-07-01 to 2014-10-01
- Filed
- 2015-08-18
- IRS object ID
- 201522309349301112
- Schema version
- 2014v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2015-08-18T15:11:08-05:00 | ReturnTs |
| Tax Period End | 2014-10-01 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 4000 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46204 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133010779 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | APPLE INDUSTRIAL DEVELOPMENT CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % KIM VACCARI | InCareOfNm |
| Business Name Control | APPL | BusinessNameControlTxt |
| Phone | 2126195000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1Txt |
| Address Line2 | Suite 400 | AddressLine2Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10038 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | bulent celik | PersonNm |
| Person Title | evp & treasurer | PersonTitleTxt |
| Signature | 2015-08-18 | SignatureDt |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ANGELA M MOORE | PreparerPersonNm |
| PTIN | P00244342 | PTIN |
| Phone | 3176817000 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | KYLE KIMBALL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 William Street | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10038 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $59,908,872 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.nycedc.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1980 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | ADMINISTER CERTAIN ECONOMIC DEVELOPMENT PROGRAMS ON BEHALF OF THE CITY OF NEW YORK. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 4 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $334,525 | PYContributionsGrantsAmt |
| CY Contributions Grants | $145,147 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $196,338,033 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $57,566,322 | CYProgramServiceRevenueAmt |
| PY Investment Income | $2,908,099 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,402,158 | CYInvestmentIncomeAmt |
| PY Other Revenue | $4,077,053 | PYOtherRevenueAmt |
| CY Other Revenue | $795,245 | CYOtherRevenueAmt |
| PY Total Revenue | $203,657,710 | PYTotalRevenueAmt |
| CY Total Revenue | $59,908,872 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $8,997,826 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $9,593,563 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $198,498,860 | PYOtherExpensesAmt |
| CY Other Expenses | $49,943,234 | CYOtherExpensesAmt |
| PY Total Expenses | $207,496,686 | PYTotalExpensesAmt |
| CY Total Expenses | $59,536,797 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,838,976 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $372,075 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $189,295,688 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $184,918,276 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,377,412 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Mission | ADMINISTER CERTAIN ECONOMIC DEVELOPMENT PROGRAMS ON BEHALF OF THE CITY OF NEW YORK. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $58,264,915 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $58,361,567 | RevenueAmt |
| Desc | PURSUANT TO A CONTRACT WITH THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION, APPLE PROVIDES CERTAIN MANAGEMENT AND MAINTENANCE SERVICES TO PROPERTIES OWNED BY THE CITY OF NEW YORK. | Desc |
| Total Program Service Expenses | $58,264,915 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | Yes (true) | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 5 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 4 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | false | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIM VACCARI | PersonNm |
| Phone | 2123124287 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10038 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|---|
| WILLIAM CANDELARIA | |||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| ALAN FRIEDBERG | |||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| DMITRI KONON | |||||||
| DIRECTOR/MEMBER | 1.0 | 35.0 | Yes (X) | $0 | $48,742 | $6,787 | Yes (X) |
| JAMES McSPIRIT | |||||||
| DIRECTOR | 1.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |
| KYLE KIMBALL | |||||||
| PRESIDENT | 1.0 | 35.0 | $0 | $59,105 | $14,025 | Yes (X) | |
| ZACHARY SMITH | |||||||
| MEMBER/SENIOR VICE PRESIDENT | 1.0 | 35.0 | $0 | $54,373 | $7,612 | Yes (X) | |
| JOHN CICERELLO | |||||||
| SENIOR VICE PRESIDENT | 1.0 | 35.0 | $0 | $48,933 | $6,851 | Yes (X) | |
| KIM VACCARI | |||||||
| SENIOR VICE PRESIDENT | 1.0 | 35.0 | $0 | $54,373 | $5,323 | Yes (X) | |
| RICHARD COTE | |||||||
| VICE PRESIDENT | 1.0 | 35.0 | $0 | $51,288 | $11,699 | Yes (X) | |
| SPENCER HOBSON | |||||||
| TREASURER | 1.0 | 35.0 | $0 | $46,465 | $12,049 | Yes (X) | |
| BULENT CELIK | |||||||
| ASSISTANT TREASURER | 1.0 | 35.0 | $0 | $38,662 | $4,639 | Yes (X) | |
| MEREDITH J JONES | |||||||
| SECRETARY/GENERAL COUNSEL | 1.0 | 35.0 | $0 | $51,843 | $9,390 | Yes (X) | |
| MARK SILVERSMITH | |||||||
| ASSISTANT SECRETARY | 1.0 | 35.0 | $0 | $47,777 | $12,439 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $501,561 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $90,814 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| AMERICAN EXPRESS | |||||
| BOX 1270 | NEWARK | NJ | 07101 | PAYMENT SERVICES | $364,664 |
| MOTIVATED SECURITY SERVICES | |||||
| BOX 215 | SOMERVILLE | NJ | 08876 | SECURITY SERVICES | $1,057,490 |
| THYSSENKRKUPP ELEVATOR CORP | |||||
| 59 OTIS STREET | WEST BABYLON | NY | 11704 | ELEVATOR REPAIR | $289,228 |
| PORT AUTHORITY OF NY NJ | |||||
| BOX 95000 | PHILADELPHIA | PA | 19195 | RENT | $260,187 |
| UNISYS ELECTRIC | |||||
| 19 IRVING PLACE | STATEN ISLAND | NY | 10304 | FIRE ALARM REPAIR | $355,897 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 16 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $145,147 | GovernmentGrantsAmt |
| Total Contributions | $145,147 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROPERTY RENTALS | 531120 | $55,568,269 | $55,568,269 |
| TENANT REIMBURSEMENTS | 531120 | $1,998,053 | $1,998,053 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $57,566,322 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,402,158 | TotalRevenueColumnAmt |
| Exclusion | $1,402,158 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROJECT COST REIMBURSEMENT | 523000 | $78,867 | $78,867 |
| FEE INCOME | 531120 | $66,968 | $66,968 |
| RECOVERY OF BAD DEBT | 531120 | $64,946 | $64,946 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $584,464 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $584,464 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $795,245 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,908,872 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $58,361,567 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,402,158 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,201,711 | TotalAmt |
| Program Services | $7,201,711 | ProgramServicesAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,391,852 | TotalAmt |
| Program Services | $2,391,852 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,044 | TotalAmt |
| Management And General | $56,044 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,714 | TotalAmt |
| Management And General | $48,714 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,607 | TotalAmt |
| Management And General | $31,607 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,531 | TotalAmt |
| Management And General | $70,531 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,832,202 | TotalAmt |
| Program Services | $1,025,772 | ProgramServicesAmt |
| Management And General | $806,430 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,984 | TotalAmt |
| Program Services | $45,984 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,198 | TotalAmt |
| Program Services | $99,198 | ProgramServicesAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $77 | TotalAmt |
| Program Services | $77 | ProgramServicesAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,693,273 | TotalAmt |
| Program Services | $4,693,273 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,796 | TotalAmt |
| Program Services | $11,796 | ProgramServicesAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,102 | TotalAmt |
| Program Services | $8,102 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,246 | TotalAmt |
| Program Services | $36,246 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $858,632 | TotalAmt |
| Program Services | $858,632 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| PYMT TO NYCEDC | $13,687,354 | $13,687,354 |
| PYMT-NYC FOR 42ND DEV. PROJ | $18,448,855 | $18,448,855 |
| REPAIRS & MAINTENANCE | $4,088,359 | $4,088,359 |
| BAD DEBT EXPENSE | $4,722,294 | $4,722,294 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,203,966 | TotalAmt |
| Program Services | $945,410 | ProgramServicesAmt |
| Management And General | $258,556 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,536,797 | TotalAmt |
| Program Services | $58,264,915 | ProgramServicesAmt |
| Management And General | $1,271,882 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,787,549 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,566,842 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $312,839 | BOYAmt |
| EOY | $0 | EOYAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $769,115 | BOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,859,343 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,295,688 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,207,130 | BOYAmt |
| EOY | $0 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,435,720 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,859,342 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,416,084 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $184,918,276 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,326 | BOYAmt |
| EOY | $0 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,325,086 | BOYAmt |
| EOY | $0 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,377,412 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $189,295,688 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $372,075 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$4,749,487 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $372,269 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $280,466 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $431,107 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $334,525 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $145,147 | CurrentTaxYearAmt |
| Total | $1,563,514 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $123,314,159 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $147,017,050 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $177,577,470 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $196,338,033 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $57,566,322 | CurrentTaxYearAmt |
| Total | $701,813,034 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $123,686,428 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $147,297,516 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $178,008,577 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $196,672,558 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $57,711,469 | CurrentTaxYearAmt |
| Total | $703,376,548 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $703,376,548 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $68,716 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,422,645 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,387,906 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,908,099 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,402,158 | CurrentTaxYearAmt |
| Total | $10,189,524 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $68,716 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,422,645 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,387,906 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,908,099 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,402,158 | CurrentTaxYearAmt |
| Total | $10,189,524 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $690,004 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $7,520,718 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,675,800 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,077,053 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $795,245 | CurrentTaxYearAmt |
| Total | $14,758,820 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $124,445,148 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $157,240,879 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $183,072,283 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $203,657,710 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $59,908,872 | CurrentTaxYearAmt |
| Total | $728,324,892 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.96575 | PublicSupportCY509Pct |
| Public Support PY509 | 0.97027 | PublicSupportPY509Pct |
| Investment Income CY | 0.01399 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01129 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp | |
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (true) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| CY Minus3 Yr Endwmt Fund | CYMinus3YrEndwmtFundGrp | |
| CY Minus4 Yr Endwmt Fund | CYMinus4YrEndwmtFundGrp | |
| Land | LandGrp | |
| Buildings | BuildingsGrp | |
| Leasehold Improvements | LeaseholdImprovementsGrp | |
| Equipment | EquipmentGrp | |
| Other Land Buildings | OtherLandBuildingsGrp | |
| Total Rev Etc Audited Fincl Stmt | $59,908,872 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $59,908,872 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $59,908,872 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $45,849,443 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $45,849,443 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $13,687,354 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $13,687,354 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $59,536,797 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | TENANT ESCROW ACCOUNTS | FormAndLineReferenceDesc |
| Explanation | SCHEDULE D, PART IV THE ORGANIZATION GENERALLY REQUIRES TENANTS TO PAY TWO MONTHS' RENT AS A SECURITY DEPOSIT AT THE TIME THE LEASE IS EXECUTED. THE ORGANIZATION WILL REFUND THE SECURITY DEPOSIT ONCE THE TENANT VACATES The PREMISES PROVIDED THERE ARE NO OUTSTANDING AMOUNTS OWED OR DAMAGES TO THE PREMISES. RECONCILIATION OF EXPENSES PER AFS TO FORM 990 SCHEDULE D, PART XII, LINE 4B PAYMENT TO NYCEDC - $13,687,354 | ExplanationTxt |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets Distri Or Expnss Paid | NET ASSETS | AssetsDistriOrExpnssPaidDesc |
| Distribution | 2014-10-01 | DistributionDt |
| Fair Market Value Of Asset | $4,749,487 | FairMarketValueOfAssetAmt |
| Method Of FMV Determination | FMV | MethodOfFMVDeterminationTxt |
| EIN | 455311842 | EIN |
| Person | NEW YORK CITY ECONOMIC DEVELOPMENT | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10038 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRC Section | GOVERNMENT | IRCSectionTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (true) | DirectorOfSuccessorInd |
| Employee Of Successor | Yes (true) | EmployeeOfSuccessorInd |
| Owner Of Successor | false | OwnerOfSuccessorInd |
| Receive Compensation | false | ReceiveCompensationInd |
| Assets Distributed | Yes (true) | AssetsDistributedInd |
| Required To Notify AG | Yes (true) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (true) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (true) | LiabilitiesPaidInd |
| Bonds Outstanding | false | BondsOutstandingInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE N, PART I, LINE 2E | FormAndLineReferenceDesc |
| Explanation | NET ASSETS WERE TRANSFERRED TO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION EIN: 45-5311842 (PREVIOUSLY NAMED NEW YORK CITY ECONOMIC GROWTH CORPORATION). THIS TRANSFEREE ENTITY IS A GOVERNMENTAL ORGANIZATION. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE O SUPPLEMENTAL INFORMATION | HEADING ITEM B - TERMINATED FROM INCEPTION, APPLE INDUSTRIAL DEVELOPMENT CORP. HAS BEEN A LOCAL DEVELOPMENT CORPORATION ORGANIZED PURSUANT TO SECTION 1411 OF THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK (THE "STATE"). APPLE INDUSTRIAL HAS BEEN RECOGNIZED BY THE IRS AS A TAX-EXEMPT ORGANIZATION UNDER IRC SECTION 501(C)(3), AND A WHOLLY OWNED INSTRUMENTALITY OF THE CITY OF NEW YORK (THE "CITY"). IN FURTHERANCE OF ITS BUSINESS OBJECTIVES, APPLE INDUSTRIAL MERGED WITH AND INTO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION ("NYCEDC") EFFECTIVE OCTOBER 1, 2014 AND CEASED TO EXIST AS OF THAT DATE. NYCEDC IS A NOT-FOR-PROFIT CORPORATION WITH ITS INCOME EXEMPT FROM FEDERAL TAXATION UNDER IRC SECTION 115. FORM 990, PART VI, QUESTION 6 THE MEMBERS OF THE CORPORATION SHALL BE NO LESS THAN THREE, NOR MORE THan THIRTY IN NUMBER, AS A MAJORITY OF THE MEMBERS THEN IN OFFICE MAY DETERMINE, ALTHOUGH LESS THAN A QUORUM EXISTS, PROVIDED THAT THE NUMBER OF MEMBERS MAY NOT BE REDUCED SO AS TO SHORTEN THE TERM OF ANY INCUMBENT MEMBER. EACH MEMBER SHALL BE A PERSON PROMINENT IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL, PROFESSIONAL, REAL ESTATE OR LABOR COMMUNITIES OF NEW YORK CITY OR A PUBLIC OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AN OFFICER OR EMPLOYEE OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION. ANY MEMBER WHO IS AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AN OFFICER OR EMPLOYEE OF NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION SHALL CEASE TO BE A MEMBER AT ANY TIME HE OR SHE IS NOT EMPLOYED BY EITHER THE CITY OF NEW YORK OR NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION. MEMBERS SHALL BE ADMITTED BY A MAJORITY VOTE OF THE MEMBERS PRESENT AT A MEETING. MEMBERS SHALL BE APPOINTED FOR A TERM OF ONE YEAR AND SHALL BE APPOINTED AT THE ANNUAL MEMBERSHIP MEETING AFTER THE ELECTION OF DIRECTORS. MEMBERS SHALL SERVE UNTIL THE APPOINTMENT OF THEIR SUCCESSORS, OR UNTIL THEIR PRIOR RESIGNATION OR REMOVAL. A MEMBER APPOINTED TO AN UNFINISHED TERM SHALL SERVE UNTIL THE ANNUAL APPOINTMENT DATE SUBSEQUENT TO HIS OR HER APPOINTMENT AND THE APPOINTMENT OF HIS OR HER SUCCESSOR, OR UNTIL HIS OR HER PRIOR RESIGNATION OR REMOVAL. |
| MEMBERS WHO MAY ELECT ONE OR MORE MEMBERS OF THE GOVERNING BODY | Form 990, Part VI, Question 7a PURSUANT TO APPLE BY-LAWS, THE MEMBERS ELECT DIRECTORS WHO SERVE ON APPLE'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS APPLE's GOVERNING BODY. DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBER FORM 990, PART VI, QUESTION 7B APPLE'S BY-LAWS PROVIDE THAT THE EXACT NUMBER OF MEMBERS SHALL BE FIXED BY THE MEMBERS AND THE NUMBER OF DIRECTORS SHALL BE FIXED BY THE MEMBERS. IN ADDITION, APPLE'S BY-LAWS PROVIDE THAT THEY MAY ONLY BE ADOPTED, AMENDED OR REPEALED BY THE MEMBERS (AND NOT BY THE DIRECTORS OR A COMMITTEE THEREOF). PURSUANT TO THE NEW YORK STATE NOT-FOR-PROFIT CORPORATION LAW (npcl) UNDER WHICH APPLE IS INCORPORATED, MEMBERS ELECT THE DIRECTORS OF APPLE. ALSO, UNDER THE NPCL, THE APPROVAL OF TWO-THIRDS OF APPLE'S MEMBERS IS REQUIRED FOR ANY MERGER, CONSOLIDATION, DISSOLUTION OR SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF APPLE. |
| Describe the Process used by Management &/or Governing Body to Review 990 | Form 990, Part VI, Question 11b THE RETURN PREPARER PROVIDED THE FINAL COPY OF FORM 990 TO THE CORPORATE OFFICERS FOR THEIR REVIEW BEFORE FILING WITH THE IRS. |
| Description of Process to Monitor Transactions for Conflicts of Interest | Form 990, Part VI, Question 12c (A) IF A DIRECTOR OR OFFICER OF APPLE IS ALSO AN EMPLOYEE OF NYCEDC, A RELATED ORGANIZATION, OR (B) IF AN OFFICER OF APPLE IS AN EMPLOYEE OF APPLE, THAT DIRECTOR OR OFFICER IS SUBJECT TO CONFLICT OF INTEREST CHAPTER 68 ("CHAPTER 68") OF THE CITY'S CHARTER. CURRENTLY, ONE DIRECTOR AND ALL OFFICERS OF APPLE ARE ALSO EMPLOYEES OF NYCEDC. CHAPTER 68 RESTRICTS OUTSIDE POSITIONS AND INTERESTS, ACCEPTANCE OF VALUABLE GIFTS, DISCLOSURE OF CONFIDENTIAL INFORMATION, POST-EMPLOYMENT ACTIVITIES AND OTHER ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. DIRECTORS AND OFFICERS OF APPLE WHO ARE ALSO NYCEDC EMPLOYEES WITH SUBSTANTIAL POLICY DISCRETION ARE REQUIRED TO FILE FINANCIAL DISCLOSURE FORMS WITH, AND MUST UNDERGO BACKGROUND INVESTIGATION BY, THE CITY'S DEPARTMENT OF INVESTIGATION. ANY PERSON WHO IS (A) A DIRECTOR OR OFFICER OF APPLE AND (B) NOT AN EMPLOYEE OF APPLE OR NYCEDC IS SUBJECT TO THE CODE OF ETHICS FOR DIRECTORS AND OFFICERS ("CODE"), WHICH APPLE'S BOARD OF DIRECTORS ADOPTED. DURING THE period ENDING OCTOBER 1, 2014 THERE WERE 4 DIRECTORS OF APPLE WHO WERE NOT EMPLOYEES OF APPLE OR NYCEDC. IF A DIRECTOR OR OFFICER HAS A CONFLICT, THIS IS REVEALED TO THE BOARD OR COMMITTEE THEREOF BEFORE IT VOTES ON A MATTER, AND DIRECTORS RECUSE THEMSELVES FROM VOTING ON MATTERS IN WHICH THEY ARE INTERESTED. |
| Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public | Form 990, Part VI, Question 19 APPLE'S CERTIFICATE OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE OF NYCEDC, A RELATED ORGANIZATION AT HTTP://WWW.NYCEDC.COM. CONFLICTS OF INTEREST CHAPTER 68 OF NEW YORK CITY CHARTER IS AVAILABLE TO THE PUBLIC ON THE CONFLICTS OF INTEREST BOARD WEB SITE AT HTTP://WWW.NYC.GOV/HTML/CONFLICTS. |
| PART XI, LINE 9 | TRANSFER TO NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION (EIN: 45-5311842) - ($4,749,487). |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| NEW YORK CITY ECONOMIC DEV CORP | |||||||||
| 110 WILLIAM STREET | NEW YORK | NY | 10038 | 455311842 | ECONOMIC DEV | NY | 115 | CONY | Yes (true) |
| THE CITY OF NEW YORK | |||||||||
| 110 WILLIAM STREET | NEW YORK | NY | 10038 | 136400434 | GOVERNMENT | NY | 115 | NA | false |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (true) | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| NEW YORK CITY ECONOMIC DEVELOPMENT CORP | ||
| P | $9,593,562 | FMV |
| NEW YORK CITY ECONOMIC DEVELOPMENT CORP | ||
| R | $13,687,354 | FMV |