2013-02-14T14:08:59-06:00 2012-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2011-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CENT 2123106600 14 East 60Th Street New York NY 10022 Stephen Spinelli 2013-02-14 true 2129498700 2011 2016-03-07 17:11:31Z Mr Douglas Blonsky 14 EAST 60TH STREET New York NY 10022 354822632 false X www.centralparknyc.org X 1979 NY To restore, manage, and enhance central park, in partnership with the public, for the enjoyment of present and future generations. 49 46 384 947 0 -250 33376498 32245249 7383271 10528249 16033534 4705029 30171 -195964 56823474 47282563 468697 98672 0 0 20926639 23074627 152525 138250 5645182 17201881 17004783 38749742 40316332 18073732 6966231 220518799 216837164 5686990 6712736 214831809 210124428 TO RESTORE, MANAGE, AND PRESERVE CENTRAL PARK, IN PARTNERSHIP WITH THE PUBLIC, FOR THE ENJOYMENT OF PRESENT AND FUTURE GENERATIONS. false false 7383075 5248060 Design and construction in connection with the restoration of central park to the splendor as Anerica's First foremost major urban public space. The conservancy has carried out a restoration management plan for the park, managed the capital restoration of much of the park's landscapes and facilities. In 2011, the projects of note included the restoration of the lake and the landscapes from the metropolitan museum of art to the Harlem Meer. 17851124 5158176 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. 3900926 98672 122013 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 visitor services at the six centers in the park: Charles A. Dana Discovery Center, North Meadow Recreation Center, Belvedere Castle, Dairy Visitor Center and gift shop, Tavern Visitor Center and Gift Shop (closed as of June 15, 2012), and chess and checkers house. 29135125 true true false false false false false false false true true false 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 false true 134 0 true 384 true false true MP false false false true true false false false false X 49 46 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 STEPHEN SPINELLI 2123106600 14 EAST 60TH STREET New York NY 10022 X Ms Judy Hart Angelo 1.0 X Ms Elizabeth Atwood 1.0 X 0 0 0 Ms Jane Bayard 1.0 X X 0 0 0 Mr William S Beinecke 1.0 X 0 0 0 Mr Adrian Benepe 1.0 X 0 0 0 Mrs Candice Bergen 1.0 X 0 0 0 Mr Lewis W Bernard 1.0 X 0 0 0 Mr Jeff T Blau 1.0 X 0 0 0 Mr Peter Briger 1.0 X 0 0 0 Mr Douglas Blonsky 35.0 X X 424315 0 32004 Mrs Judy Carson 1.0 X 0 0 0 Mr Richard M Cashin 1.0 X 0 0 0 Mr Howard L Clark Jr 1.0 X 0 0 0 Mrs Jean Clark 1.0 X 0 0 0 Ms Suzanne Cochran 1.0 X 0 0 0 Ms Judith-Ann Corrente 1.0 X 0 0 0 Ms Norma T Dana 1.0 X 0 0 0 Mr Gordon J Davis Esq 1.0 X 0 0 0 Ms Diana DiMenna 1.0 X 0 0 0 Mr James H Evans 1.0 X 0 0 0 Mr Richard Gilder 1.0 X 0 0 0 Mr Michael Grobstein 1.0 X X 0 0 0 Mrs Anne Harrison 1.0 X Mr William B Harrison Jr 1.0 X 0 0 0 Mr Kenneth H Heitner Esq 1.0 X X 0 0 0 Ms Jane Heller 1.0 X 0 0 0 Mr Jonathan Korngold 1.0 X Mr Thomas L Kempner Jr 1.0 X X 0 0 0 Mr Henry Kravis 1.0 X 0 0 0 Mrs Sheila Labrecque 1.0 X 0 0 0 Ms Jill Lafer 1.0 X 0 0 0 Ms Evelyn H Lauder 1.0 X 0 0 0 Mr William M Lewis Jr 1.0 X 0 0 0 Mr Robert C Lieber 1.0 X Mr Jay P Mandelbaum 1.0 X 0 0 0 Mrs Leni May 1.0 X 0 0 0 Mr Eugene Mercy Jr 1.0 X Mrs Lynden B Miller 1.0 X 0 0 0 Mr Ira M Millstein Esq 1.0 X 0 0 0 Ms Gillian Miniter 1.0 X 0 0 0 Mr John Paulson 1.0 X Mrs Marguerite H Purnell 1.0 X 0 0 0 Mr Joe L Roby 1.0 X 0 0 0 Mrs Elizabeth Barlow Rogers 1.0 X 0 0 0 Mr E John Rosenwald Jr 1.0 X 0 0 0 Ms Janet Ross 1.0 X 0 0 0 Mr Eric C Rudin 1.0 X 0 0 0 Mr Irwin Schneiderman 1.0 X 0 0 0 Mrs Sigrid Schafer 1.0 X Mrs Donna Schwartz 1.0 X 0 0 0 Mrs Joan C Schwartz 1.0 X 0 0 0 Mr Norman C Selby 1.0 X 0 0 0 Mr AJC Smith 1.0 X 0 0 0 Mr Donald Smith 1.0 X 0 0 0 Mr Micheal A Steinberg 1.0 X 0 0 0 Mr John Steinhardt 1.0 X 0 0 0 Ms Erana M Stennett 1.0 X 0 0 0 Mr John Stossel 1.0 X 0 0 0 Honorable Scott Stringer 1.0 X 0 0 0 Mr Stuart Subotnick 1.0 X 0 0 0 Mrs Patsy Tarr 1.0 X 0 0 0 Ms Elizabeth R Varet 1.0 X 0 0 0 Ms Mary Wallach 1.0 X 0 0 0 Mr Strauss Zelnick 1.0 X 0 0 0 Mr Stephen Spinelli 35.0 X 277107 0 39560 Mr Neil Calvanese 35.0 X 218760 0 28378 Mr Christopher Nolan 35.0 X 243569 0 40220 Ms Terri Coppersmith 35.0 X 231954 0 32094 Ms Kathryn Ortiz 35.0 X 163193 0 28017 Mr Frank Locastro 35.0 X 117561 0 10201 Ms Laura Hall 35.0 X 183049 0 14062 Lynn Rothstein 35.0 X 49196 0 5964 1908704 0 230500 8 false true false Lapoma Sitework and Structure 55 WEBSTER AVE SUITE 401 NEW ROCHELLE NY 10801 Construction 512514 William Gross Construction Assoc 117 SOUTH 4TH STREET NEW HYDE PARK NY 11040 CONSTRUCTION 840604 Kelco Construction Inc 40 Austin Blvd COMMACK NY 11725 Construction 392289 Alstead Tree Co 58 Beechwood Ave NEW ROCHELLE NY 10801 Construction 486747 Emerald Tree Care 26 Fox Meadow Road SCARSDALE NY 10583 CONSTRUCTION 333636 45 5028022 1000 27216227 2986859 32245249 PROGRAM FEES 713990 12318 12318 TOURS 713990 24045 24045 GARDEN RENTAL FEES 713990 85650 85650 CONTRACT REVENUE 713990 5158176 5158176 PROJECT REVENUE 713990 5248060 5248060 10528249 1227336 1227336 0 0 309631000 306153307 3477693 3477693 3477693 285600 5028022 1057000 -771400 -771400 0 902378 329762 572616 572616 DAMAGES REIMBURSEMENT-FILM 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-49790 -11673612 -4707381 36098605 -11623822 964004 -49790 -10709608 46808213 804112 -329762 474350 47282563 40805986 964004 964004 39841982 804112 -329762 474350 40316332 FIN 48 Form 990, Schedule D, Part X 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 LIABILITY FOR THE YEARS ENDING JUNE 30, 2012 AND 2011. Endowments Form 990, Schedule D, Part V 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. OTHER REVENUE (GAIN) FORM 990, SCHEDULE D, PART XI, LINE 8 AND PART XII, LINE 2D CHANGE IN SPLIT INTEREST ($49,790). Other Expenses FORM 990, SCHEDULE D, PART XII, LINE 4b and PART XIII, LINE 2d Cost of goods sold included in expenses for financial statement reporting that have been included in revenue for Form 990, Part VIII, Line 10b: $329,762. South Asia Investments 0 0 0 false false false false true false India Infrastructure Opportunites Fund Form 990, Schedule F, Part I, Line 3 The Conservancy maintained an investment in a foreign partnership which invested in infrastructure development in India. During 2012 the investment was liquidated. X X X X X X true Lukens Company 2800 Shirlington Road Arlington VA 22206 Prof Fundraiser false 2417073 77000 2340073 Laura Fredricks LLC 130 Barrow Street New York NY 10015 FUNDRAISING ADVISOR false 61250 2417073 138250 2340073 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 3257789 3094189 163600 427532 Fall GALA 1125100 1050700 74400 319134 5 930733 883133 47600 310334 5313622 5028022 285600 1057000 1057000 -771400 true Black Rock Forest Consortium 129 CONTINENTAL ROAD CORNWALL NY 12518 133536463 501(c)(3) 20000 Program Support City Parks Alliance 111 16th Street NW Washington DC 20036 800015566 501(c)(3) 10000 Program Support CENTRAL PARK MEDICAL UNIT PO BOX 440 NEW YORK NY 10028 112516283 501(c)(3) 55000 PROGRAM SUPPORT 13 0 USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 The Conservancy provides assistance to a small number of reputable organizations. In all instances, the Conservancy partners with these organizations and directly observes the application and use of the funds. X X X X X false false false false false false false false false Mr Douglas Blonsky 424315 0 0 0 0 0 30000 0 2004 0 456319 0 0 0 Mr Stephen Spinelli 277107 0 0 0 0 0 30000 0 9560 0 316667 0 0 0 Mr Neil Calvanese 218760 0 0 0 0 0 27751 0 627 0 247138 0 0 0 Mr Christopher Nolan 243569 0 0 0 0 0 29700 0 10520 0 283789 0 0 0 Ms Terri Coppersmith 231954 0 0 0 0 0 29130 0 2964 0 264048 0 0 0 Ms Kathryn Ortiz 163193 0 0 0 0 0 25053 0 2964 0 191210 0 0 0 Ms Laura Hall 183049 0 0 0 0 0 11098 0 2964 0 197111 0 0 0 Compensation Form 990, 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. Jay Mandelbaum Trustee 18540 Account Management Fees false Marvin Schwartz Spouse-D Schwartz Trustee 151841 Investment Management Fees false X 45 1493429 FMV 0 false true false Review of FORM 990 Form 990, Part VI, Line 11A Central park conservancy's form was prepared by the independent tax preparer based on information provided by the organization's finance and management personnel. THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT PRIOR TO FILING THE RETURN WITH THE IRS. ON FEBRUARY 13, 2013, CENTRAL PARK CONSERVANCY'S CHAIRMAN, TREASURER, CHAIRMAN OF THE AUDIT COMMITTEE, AND GENERAL COUNSEL MET WITH MANAGEMENT AND EISNERAMPER LLP TO REVIEW THE FORM 990. SUBSEQUENTLY, THE 990 WAS PROVIDED TO THE BOARD FOR INSPECTION. Conflict of Interest Policy Form 990, Part VI, Line 12C 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 headquarters. Compensation Form 990, Part VI, Line 15 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. Governing Documents Form 990, Part VI, Line 19 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. BOARD RELATIONSHIPS FORM 990, PARTVI, LINE 2 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 2012: 1. Ms. Jane Heller business relationship with Ms. Judy Angelo Hart, Ms. Leni May, and Mr. Peter Briger 2. Mr. Howard L. Clark Jr. Family relationship with Ms. Jean Clark 3. Mr. John Steinhardt business relationship with Mr. Thomas Kempner 4. Mr. Jay P. Mandelbaum business relationship with Mr. Richard Cashin 5. Mrs. Donna Schwartz family relationship with one of the Conservancy's portfolio managers, Mr. Marvin Schwartz. 6. Mrs. Anne Harrison family relationship with Mr. William B. Harrison Jr. RECONCILIATION OF NET ASSETS FORM 990, PART XI, LINE 5 OTHER CHANGES IN NET ASSETS: UNREALIZED LOSSES $(11,623,822) Change in split interest (49,790) ------------ $(11,673,612) ============