New York City Economic Development Corp: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- New York City Economic Development Corp (EIN 13-2577233)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-15
- IRS object ID
- 201341359349307824
- Schema version
- 2011v1.5
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-15T15:49:00-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERNST & YOUNG US LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 111 MONUMENT CIRCLE SUITE 2600 | AddressLine1 |
| City | INDIANAPOLIS | City |
| State | IN | State |
| ZIP Code | 46204 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 132577233 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | New York City Economic Development Corp | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % KIM VACCARI | InCareOfName |
| Name Control | NEWY | NameControl |
| Phone | 2126195000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | KIM VACCARI | Name |
| Title | CFO | Title |
| Date Signed | 2013-05-15 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3176817000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | KIM VACCARI | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 664016417 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.NYCEDC.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1991 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | NYCEDC FUNCTIONS AS NEW YORK CITY'S PRIMARY ENGINE FOR ECONOMIC DEVELOPMENT, LEVERAGES THE CITY'S ASSETS, DRIVES ECONOMIC GROWTH AND DIVERSITY, AND CREATES AND RETAINS JOBS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 26 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 20 | NbrIndependentVotingMembers |
| Total Nbr Employees | 540 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 547661992 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 497497165 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 137184103 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 131284237 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 605197 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1246556 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 111306795 | OtherRevenuePriorYear |
| Other Revenue Current Year | 33988459 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 796758087 | TotalRevenuePriorYear |
| Total Revenue Current Year | 664016417 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 69401 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 10382493 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 11645953 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 696122317 | OtherExpensePriorYear |
| Other Expenses Current Year | 636493886 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 706504810 | TotalExpensesPriorYear |
| Total Expenses Current Year | 648209240 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 90253277 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 15807177 | RevenuesLessExpensesCY |
| Total Assets BOY | 755789125 | TotalAssetsBOY |
| Total Assets EOY | 793335831 | TotalAssetsEOY |
| Total Liabilities BOY | 454787871 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 477174404 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 301001254 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 316161427 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | NYCEDC'S MISSION IS TO ENCOURAGE ECONOMIC GROWTH IN EACH OF THE FIVE BOROUGHS OF NEW YORK CITY BY STRENGTHENING THE CITY'S COMPETITIVE PORTION AND FACILITATING INVESTMENTS THAT BUILD CAPACITY, GENERATE PROSPERITY AND CATALYZE THE ECONOMIC VIBRANCY OF THE CITY AS A WHOLE. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 644291261 | Expense |
| Grants | 69401 | Grants |
| Revenue | 165272696 | Revenue |
| Description | THE CITY AND NYCEDC HAVE ENTERED INTO THE NYCEDC MASTER CONTRACT UNDER WHICH NYCEDC HAS BEEN RETAINED TO PERFORM VARIOUS SERVICES PRIMARILY RELATED TO THE RETENTION AND EXPANSION OF INDUSTRIAL AND COMMERCIAL DEVELOPMENT WITHIN THE CITY, INCLUDING AMONG OTHERS (1) FACILITATING COMMERCIAL AND INDUSTRIAL DEVELOPMENT PROJECTS, (2) STABILIZING AND IMPROVING INDUSTRIAL AREAS IN THE CITY, (3) ADMINISTERING PUBLIC LOAN, GRANT AND SUBSIDY PROGRAMS ON BEHALF OF THE CITY, (4) ENCOURAGING DEVELOPMENT OF INTRASTATE, INTERSTATE AND INTERNATIONAL COMMERCE WITHIN THE CITY, AND (5) MANAGING AND MAINTAINING CERTAIN CITY-OWNED PROPERTIES. | Description |
| Total Program Service Expense | 644291261 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | true | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | true | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | true | RelatedOrgControlledEntity |
| Transaction Related Entity | true | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | true | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 34 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 540 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 26 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 20 | NumberIndependentVotingMembers |
| Family Or Business Relationship | true | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | true | MembersOrStockholders |
| Election Of Board Members | true | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | true | LocalChapters |
| Policies Reference Chapters | false | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | true | InvestmentInJointVenture |
| Written Policy Or Procedure | true | WrittenPolicyOrProcedure |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | KIM VACCARI | NamePerson |
| Telephone Number | 2123124287 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part VII | X | InfoInScheduleOPartVII |
Form990 Part VII Section A Form990PartVIISectionA (86 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Tony Barsamian | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Rev AR Bernard Sr | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Sharon Y Bowen | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| William Candelara | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Angela A Chao | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Marlene Cintron | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Nicholas Dmytryszyn | |||||||
| Director | 1.0 | X | 0 | 115938 | 49853 | ||
| Joseph I Douek | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Alan B Friedberg | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Victor Ganzi | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Alaina Gilligo | |||||||
| Director | 1.0 | X | 0 | 128526 | 55266 | ||
| James McSpiritt | |||||||
| Director | 1.0 | X | 0 | 151877 | 65307 | ||
| Melva Miller | |||||||
| Director | 1.0 | X | 0 | 80898 | 34786 | ||
| Mario J Palumbo Jr | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Jeffrey Pash | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Shaifali Puri | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Frank C Randazzo | |||||||
| Director (as of 4/25/12) | 1.0 | X | 0 | 0 | 0 | ||
| Mark E Russo | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Carlo A Scissura | |||||||
| Director (until 9/23/11) | 1.0 | X | 0 | 139268 | 59885 | ||
| Robert K Steel | |||||||
| Director | 1.0 | X | 0 | 1 | 0 | ||
| Andrew Steininger | |||||||
| Director (as of 11/7/11) | 1.0 | X | 0 | 0 | 0 | ||
| Robert J Strang | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| George Twill | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Rev Reginal Williams | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Steven Wolfe | |||||||
| Director (as of 11/7/2011) | 1.0 | X | 0 | 0 | 0 | ||
| Kathryn S Wylde | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Alfred D Youngwood | |||||||
| Director | 1.0 | X | 0 | 0 | 0 | ||
| Seth Pinsky | |||||||
| President | 35.0 | 205892 | 0 | 37271 | X | ||
| Ben Branham | |||||||
| EVP (AS OF 3/14/2012) | 35.0 | 0 | 0 | 0 | X | ||
| John Cicerello | |||||||
| Executive Vice President | 35.0 | 158915 | 0 | 0 | X | ||
| David Ehrenberg | |||||||
| Executive Vice President | 35.0 | 153847 | 0 | 30047 | X | ||
| Melvin Glickman | |||||||
| EVP (UNTIL 9/16/2011) | 35.0 | 176330 | 0 | 24301 | X | ||
| Meredith J Jones | |||||||
| EVP/GEN. COUNSEL/SECRETARY | 35.0 | 190093 | 0 | 35198 | X | ||
| David Kane | |||||||
| Executive Vice President | 35.0 | 165032 | 0 | 46084 | X | ||
| Kyle Kimball | |||||||
| Executive Vice President | 35.0 | 178664 | 0 | 29059 | X | ||
| Alyssa Cobb Konon | |||||||
| Executive Vice President | 35.0 | 97806 | 0 | 13693 | X | ||
| Ann Li | |||||||
| Senior VP, Executive VP | 35.0 | 145163 | 0 | 39980 | X | ||
| David Lombino | |||||||
| EVP (UNTIL 2/10/2012) | 35.0 | 181862 | 0 | 33347 | X | ||
| Thomas McKnight | |||||||
| Executive Vice President | 35.0 | 140475 | 0 | 42646 | X | ||
| Patrick O' Sullivan | |||||||
| Executive Vice President | 35.0 | 155497 | 0 | 43988 | X | ||
| Zac Smith | |||||||
| EVP (AS OF 8/3/2011) | 35.0 | 127959 | 0 | 45337 | X | ||
| Euan Robertson | |||||||
| Senior VP, Executive VP | 35.0 | 141421 | 0 | 17070 | X | ||
| Steve Strauss | |||||||
| EVP (UNTIL 10/14/2011) | 35.0 | 169502 | 0 | 30632 | X | ||
| Maria Torres | |||||||
| Executive Vice President | 35.0 | 193549 | 0 | 42680 | X | ||
| Joshua Wallack | |||||||
| Executive Vice President | 35.0 | 179724 | 0 | 48140 | X | ||
| Hardy Adasko | |||||||
| Senior Vice President | 35.0 | 147630 | 0 | 43647 | X | ||
| Chetan Badiani | |||||||
| SVP (AS OF 9/28/2011) | 35.0 | 134872 | 0 | 41861 | X | ||
| Maureen Babis | |||||||
| SVP (UNTIL 8/2/2011) | 35.0 | 139030 | 0 | 16760 | X | ||
| Lee Benedict | |||||||
| SVP (UNTIL 2/10/2012) | 35.0 | 122328 | 0 | 40105 | X | ||
| Dean Bodnar | |||||||
| Senior Vice President | 35.0 | 123761 | 0 | 22771 | X | ||
| Francesco Brindisi | |||||||
| SVP (until OF 3/9/2012) | 35.0 | 118559 | 0 | 38687 | X | ||
| Maryann Catalano | |||||||
| Senior Vice President | 35.0 | 119285 | 0 | 27467 | X | ||
| Gregory Clancy | |||||||
| SVP (AS OF 9/28/2011) | 35.0 | 115907 | 0 | 22979 | X | ||
| Richard Cote | |||||||
| SVP (AS OF 3/14/2012) | 35.0 | 0 | 0 | 0 | X | ||
| Joshua Gelfman | |||||||
| SVP (AS OF 9/28/2011) | 35.0 | 107708 | 0 | 38058 | X | ||
| Andrew Genn | |||||||
| Senior Vice President | 35.0 | 135340 | 0 | 41917 | X | ||
| Susan Goldfinger | |||||||
| Senior Vice President | 35.0 | 145800 | 0 | 43391 | X | ||
| Jonathan Gouveia | |||||||
| SVP (AS OF 9/28/2011) | 35.0 | 102405 | 0 | 37108 | X | ||
| Miriam Harris | |||||||
| Senior Vice President | 35.0 | 112433 | 0 | 26534 | X | ||
| Spencer Hobson | |||||||
| Senior vice president | 35.0 | 133338 | 0 | 41438 | X | ||
| Liza Kent | |||||||
| Senior Vice President | 35.0 | 148811 | 0 | 43813 | X | ||
| Steve Lazarus | |||||||
| Senior Vice President | 35.0 | 131602 | 0 | 46658 | X | ||
| Christopher L Smith | |||||||
| Senior Vice President | 35.0 | 116706 | 0 | 4356 | X | ||
| Dmitri Konon | |||||||
| Senior Vice President | 35.0 | 135150 | 0 | 41900 | X | ||
| Saadia Madsbjerg | |||||||
| SVP/TREASURER (AS OF 2/1/2012) | 35.0 | 0 | 0 | 0 | X | ||
| Hope Mallari | |||||||
| Senior Vice President | 35.0 | 153058 | 0 | 21159 | X | ||
| Luigi Pedalino | |||||||
| SVP (UNTIL 8/12/2011) | 35.0 | 88035 | 0 | 27187 | X | ||
| Kristine Pizzo | |||||||
| Senior Vice President | 35.0 | 152784 | 0 | 39598 | X | ||
| David Quart | |||||||
| Senior Vice President | 35.0 | 109867 | 0 | 23966 | X | ||
| Peyton Sise | |||||||
| Senior Vice President | 35.0 | 150609 | 0 | 44064 | X | ||
| Ian Smith | |||||||
| SVP (UNTIL 5/4/2012) | 35.0 | 159701 | 0 | 45337 | X | ||
| Howard Spieler | |||||||
| Senior Vice President | 35.0 | 134415 | 0 | 41797 | X | ||
| Kristy Sundjaja | |||||||
| Senior Vice President | 35.0 | 137224 | 0 | 29911 | X | ||
| Lawton Thomas | |||||||
| SVP (UNTIL 1/31/2012) | 35.0 | 129510 | 0 | 33535 | X | ||
| Daniel Zarrilli | |||||||
| Senior Vice President | 35.0 | 141166 | 0 | 42500 | X | ||
| Judith Capolongo | |||||||
| Asst. Secrty (UNTIL 2/29/2012) | 35.0 | 123853 | 0 | 25924 | X | ||
| Richard Marshall | |||||||
| Assistant Secretary | 35.0 | 150543 | 0 | 44055 | X | ||
| Mark Silversmith | |||||||
| Assistant Secretary | 35.0 | 157446 | 0 | 46051 | X | ||
| Shawn Gallagher | |||||||
| Asst. Secrty (AS OF 2/1/2012) | 35.0 | 60602 | 0 | 16590 | X | ||
| Bulent Celik | |||||||
| Assistant Treasurer | 35.0 | 120346 | 0 | 22979 | X | ||
| Frederick Grevin | |||||||
| Asst. Treas (AS OF 8/3/2011) | 35.0 | 41462 | 0 | 8836 | X | ||
| Robert S Lapalme | |||||||
| Assistant General Counsel | 35.0 | 163874 | 0 | 31527 | X | ||
| Judy Fensterman | |||||||
| Assistant General Counsel | 35.0 | 163874 | 0 | 45921 | X | ||
| Andrew Winters | |||||||
| Supervisor (Hudson Yards Dev.) | 35.0 | 184034 | 0 | 48744 | X | ||
| Jill Braverman | |||||||
| Assistant General Counsel | 35.0 | 153686 | 0 | 30101 | X | ||
| Carmine Giordano | |||||||
| Facilities Director | 35.0 | 147758 | 0 | 43602 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 7876243 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 616508 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 2157404 | TotalOtherCompensation |
| Number Individuals GT100 K | 52 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ACCENTURE LLP | |||||
| 161 NORTH CLARK STREET | CHICAGO | IL | 60601 | CONSULTING SVCS | 1210772 |
| ERNST YOUNG LLP | |||||
| PO Box 96550 | CHICAGO | IL | 96550 | ACCOUNTING SVCS | 307261 |
| LIROPB AMERICAS | |||||
| 3 AERIEL WAY | SYOSSET | NY | 11791 | ARCHITECTURAL SVCS | 1499274 |
| MARKS PANETH SHRON LLP | |||||
| 622 THIRD AVENUE | NEW YORK | NY | 10017 | Consulting SVCS | 673762 |
| ROBERT J DAMIGELLA PE | |||||
| 44 RAVEN DRIVE | MORRISTOWN | NJ | 07960 | Consulting SVCS | 239618 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 7 | NumberOfContractorsGT100K |
| Government Grants | 475332811 | GovernmentGrants |
| All Other Contributions | 22164354 | AllOtherContributions |
| Total Contributions | 497497165 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| POWER SALES | 531390 | 49198827 | 49198827 |
| REAL ESTATE SALES | 531390 | 32031472 | 32031472 |
| DEVELOPER CONTRIBUTIONS | 531390 | 2267874 | 2267874 |
| INTEREST INCOME FROM LOANS | 531390 | 2429558 | 2429558 |
| INCOME FROM EXEMPT AFFILIATE | 531390 | 45356506 | 45356506 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 131284237 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1246556 | TotalRevenueColumn |
| Exclusion | $1,246,556 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| 42ND STREET PROJECT REVENUE SHARING | 531390 | 12879709 | 12879709 |
| FEE INCOME | 531390 | 12908194 | 12908194 |
| RECOVERY OF LOAN LOSSES | 531390 | 5036154 | 5036154 |
Miscellaneous Revenue MiscellaneousRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3164402 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3164402 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 33988459 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 664016417 | TotalRevenueColumn |
| Related Or Exempt Function Income | 165272696 | RelatedOrExemptFunctionIncome |
| Exclusion | $1,246,556 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69401 | Total |
| Program Services | 69401 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7183449 | Total |
| Program Services | 4749195 | ProgramServices |
| Management And General | 2434254 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 785326 | Total |
| Program Services | 499568 | ProgramServices |
| Management And General | 285758 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 918087 | Total |
| Program Services | 691005 | ProgramServices |
| Management And General | 227082 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2759091 | Total |
| Program Services | 2573633 | ProgramServices |
| Management And General | 185458 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37531 | Total |
| Management And General | 37531 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 578374 | Total |
| Management And General | 578374 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2211232 | Total |
| Program Services | 2211232 | ProgramServices |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 603819 | Total |
| Program Services | 603819 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 610521 | Total |
| Program Services | 610521 | ProgramServices |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7964299 | Total |
| Program Services | 7964299 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 122992 | Total |
| Program Services | 122992 | ProgramServices |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 542856 | Total |
| Program Services | 373334 | ProgramServices |
| Management And General | 169522 | ManagementAndGeneral |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1322245 | Total |
| Program Services | 1322245 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 213269 | Total |
| Program Services | 213269 | ProgramServices |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| CONTRACT/OTHER EXP TO CITY | 72162083 | 72162083 |
| PROJECT COSTS | 88624799 | 88624799 |
| PROGRAM COSTS | 409130542 | 409130542 |
| UTILITY EXPENSE | 48785219 | 48785219 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3584105 | Total |
| Program Services | 3584105 | ProgramServices |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 648209240 | Total |
| Program Services | 644291261 | ProgramServices |
| Management And General | 3917979 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6350 | BOY |
| EOY | 4925 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 221643300 | BOY |
| EOY | 326710207 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 196435276 | BOY |
| EOY | 195028063 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 42046012 | BOY |
| EOY | 31045325 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108443118 | BOY |
| EOY | 108693118 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 534699 | BOY |
| EOY | 453683 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 13195224 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3516298 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3368786 | BOY |
| EOY | 9678926 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 50723890 | BOY |
| EOY | 51529615 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 600000 | BOY |
| EOY | 1000000 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 131987694 | BOY |
| EOY | 69191969 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 755789125 | BOY |
| EOY | 793335831 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 158087970 | BOY |
| EOY | 151028019 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 119528079 | BOY |
| EOY | 123297028 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3696514 | BOY |
| EOY | 17671985 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173475308 | BOY |
| EOY | 185177372 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 454787871 | BOY |
| EOY | 477174404 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 222809605 | BOY |
| EOY | 226023157 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 78191649 | BOY |
| EOY | 90138270 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 301001254 | BOY |
| EOY | 316161427 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 755789125 | BOY |
| EOY | 793335831 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 15807177 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -647004 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 589727937 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 543809446 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 619861050 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 547661992 | CurrentTaxYearMinus1Year |
| Current Tax Year | 497497165 | CurrentTaxYear |
| Total | 2798557590 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 589727937 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 543809446 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 619861050 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 547661992 | CurrentTaxYearMinus1Year |
| Current Tax Year | 497497165 | CurrentTaxYear |
| Total | 2798557590 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 2798557590 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 7596929 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3303976 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 823974 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 605197 | CurrentTaxYearMinus1Year |
| Current Tax Year | 559552 | CurrentTaxYear |
| Total | 12889628 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 2811447218 | TotalSupport |
| Gross Receipts From Admissions Etc | 968420933 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.99542 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.99224 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Agent Trustee Etc | false | AgentTrusteeEtc |
| Included On FS | true | IncludedOnFS |
| Current Year Minus3 Years | CurrentYearMinus3Years | |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 7884361 | OtherCostOrOtherBasis |
| Depreciation | 769789 | Depreciation |
| Book Value | 7114572 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5310863 | OtherCostOrOtherBasis |
| Depreciation | 2746509 | Depreciation |
| Book Value | 2564354 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 9678926 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (5 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DUE FROM APPLE INDUSTRIAL DEVE | 39792787 |
| ACCRUED INTEREST RECEIVABLE | 242672 |
| DUE FROM STATE - ESDC | 12814600 |
| MISCELLANEOUS RECEIVABLES | 13363960 |
| LAND DEPOSITS IN ESCROW | 2977950 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 69191969 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEPOSITS-PENDING SALSE OF REAL ESTATE | $8,278,000 |
| DUE TO CITY OF NEW YORK-PROJECT | $124,707,818 |
| OBLIGATION-OTHER POST-EMPLOYMENT BENEFITS | $18,650,365 |
| RETAINAGE | $32,045,663 |
| OTHER LIABILITIES - NON-CURRENT | $884,876 |
| OTHER LIABILITIES - CURRENT | $610,650 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 185177372 | TotalOfAmounts |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TENANT ESCROW ACCOUNTS | Identifier |
| Return Reference | SCHEDULE D PART IV | ReturnReference |
| Explanation | NYCEDC REQUIRES PROSPECTIVE LAND AND PROPERTY BUYERS TO PROVIDE DOWN DEPOSIT AT THE TIME THE LEASE IS EXECUTED. THE ORGANIZATION WILL REFUND SECURITY DEPOSIT ONCE TENANT VACATES PREMISES PROVIDED THERE ARE NO OUTSTANDING AMOUNTS OWED OR DAMAGES TO PREMISES. | Explanation |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant | IRC SectionIRCSection |
|---|---|---|---|---|---|---|---|
| HIGHLAND TERRACE LLC | |||||||
| 172-90 HIGHLAND AVE | Queens | NY | 11432 | 111893983 | 25000 | FUND SOLAR THERMAL PILOT PROGRAM | |
| JEWISH COMMUNITY CTR OF STATEN ISLAND | |||||||
| 1466 MANOR ROAD | STATEN ISLAND | NY | 10314 | 135562256 | 25000 | FUND SOLAR THERMAL PILOT PROGRAM | 501(C)(3) |
| TWIN PINE LLC | |||||||
| 866 E 165TH ST | BRONX | NY | 10550 | 134166641 | 19401 | FUND SOLAR THERMAL PILOT PROGRAM | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 2 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Form 990, Schedule I | Identifier |
| Return Reference | Description of Organization's Procedures for Monitoring the Use of Grants | ReturnReference |
| Explanation | Grant disbursements are tied to achieving project milestones. NYCEDC releases the initial disbursement following receipt and approval of the Notice of Installation that demonstrates the installation of the solar thermal system and includes: all equipment receipts and/or contractor invoices, any changes to the project budget, a description of any system changes, copies of approved construction permits, installation and product warranties and photos of the installed system. NYCEDC releases the second and final disbursement following receipt and approval of annual system performance data. Further, to ensure proper monitoring and compliance, NYCEDC conducted site visits to all project sites and retrieved system performance data monthly from grant recipients. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal Services | X | PersonalServices |
| Written Policy Re T And E Expenses | true | WrittenPolicyReTAndEExpenses |
| Substantiation Required | true | SubstantiationRequired |
| Severance Payment | true | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (46 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nicholas Dmytryszyn | |||||||||||||
| 0 | 115938 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49853 | 0 | 165791 | 0 | 0 |
| Alaina Gilligo | |||||||||||||
| 0 | 128526 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55266 | 0 | 183792 | 0 | 0 |
| James McSpiritt | |||||||||||||
| 0 | 151877 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 65307 | 0 | 217184 | 0 | 0 |
| Carlo A Scissura | |||||||||||||
| 0 | 139268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59885 | 0 | 199153 | 0 | 0 |
| Seth Pinsky | |||||||||||||
| 205892 | 0 | 0 | 0 | 0 | 0 | 28686 | 0 | 8585 | 0 | 243163 | 0 | 0 | 0 |
| John Cicerello | |||||||||||||
| 158915 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 158915 | 0 | 0 | 0 |
| David Ehrenberg | |||||||||||||
| 153847 | 0 | 0 | 0 | 0 | 0 | 21539 | 0 | 8508 | 0 | 183894 | 0 | 0 | 0 |
| Melvin Glickman | |||||||||||||
| 176330 | 0 | 0 | 0 | 0 | 0 | 17952 | 0 | 6349 | 0 | 200631 | 0 | 0 | 0 |
| Meredith J Jones | |||||||||||||
| 190093 | 0 | 0 | 0 | 0 | 0 | 26613 | 0 | 8585 | 0 | 225291 | 0 | 0 | 0 |
| David Kane | |||||||||||||
| 165032 | 0 | 0 | 0 | 0 | 0 | 23105 | 0 | 22979 | 0 | 211116 | 0 | 0 | 0 |
| Kyle Kimball | |||||||||||||
| 178664 | 0 | 0 | 0 | 0 | 0 | 20474 | 0 | 8585 | 0 | 207723 | 0 | 0 | 0 |
| Ann Li | |||||||||||||
| 145163 | 0 | 0 | 0 | 0 | 0 | 17209 | 0 | 22771 | 0 | 185143 | 0 | 0 | 0 |
| David Lombino | |||||||||||||
| 181862 | 0 | 0 | 0 | 0 | 0 | 10368 | 0 | 22979 | 0 | 215209 | 0 | 0 | 0 |
| Thomas McKnight | |||||||||||||
| 140475 | 0 | 0 | 0 | 0 | 0 | 19667 | 0 | 22979 | 0 | 183121 | 0 | 0 | 0 |
| Patrick O' Sullivan | |||||||||||||
| 155497 | 0 | 0 | 0 | 0 | 0 | 21009 | 0 | 22979 | 0 | 199485 | 0 | 0 | 0 |
| Zac Smith | |||||||||||||
| 127959 | 0 | 0 | 0 | 0 | 0 | 22358 | 0 | 22979 | 0 | 173296 | 0 | 0 | 0 |
| Euan Robertson | |||||||||||||
| 141421 | 0 | 0 | 0 | 0 | 0 | 8485 | 0 | 8585 | 0 | 158491 | 0 | 0 | 0 |
| Steve Strauss | |||||||||||||
| 169502 | 0 | 0 | 0 | 0 | 0 | 11644 | 0 | 18988 | 0 | 200134 | 0 | 0 | 0 |
| Maria Torres | |||||||||||||
| 193549 | 0 | 0 | 0 | 0 | 0 | 19701 | 0 | 22979 | 0 | 236229 | 0 | 0 | 0 |
| Joshua Wallack | |||||||||||||
| 179724 | 0 | 0 | 0 | 0 | 0 | 25161 | 0 | 22979 | 0 | 227864 | 0 | 0 | 0 |
| Hardy Adasko | |||||||||||||
| 147630 | 0 | 0 | 0 | 0 | 0 | 20668 | 0 | 22979 | 0 | 191277 | 0 | 0 | 0 |
| Chetan Badiani | |||||||||||||
| 134872 | 0 | 0 | 0 | 0 | 0 | 18882 | 0 | 22979 | 0 | 176733 | 0 | 0 | 0 |
| Maureen Babis | |||||||||||||
| 139030 | 0 | 0 | 0 | 0 | 0 | 11157 | 0 | 5603 | 0 | 155790 | 0 | 0 | 0 |
| Lee Benedict | |||||||||||||
| 122328 | 0 | 0 | 0 | 0 | 0 | 17126 | 0 | 22979 | 0 | 162433 | 0 | 0 | 0 |
| Francesco Brindisi | |||||||||||||
| 118559 | 0 | 0 | 0 | 0 | 0 | 15916 | 0 | 22771 | 0 | 157246 | 0 | 0 | 0 |
| Andrew Genn | |||||||||||||
| 135340 | 0 | 0 | 0 | 0 | 0 | 18938 | 0 | 22979 | 0 | 177257 | 0 | 0 | 0 |
| Susan Goldfinger | |||||||||||||
| 145800 | 0 | 0 | 0 | 0 | 0 | 20412 | 0 | 22979 | 0 | 189191 | 0 | 0 | 0 |
| Spencer Hobson | |||||||||||||
| 133338 | 0 | 0 | 0 | 0 | 0 | 18667 | 0 | 22771 | 0 | 174776 | 0 | 0 | 0 |
| Liza Kent | |||||||||||||
| 148811 | 0 | 0 | 0 | 0 | 0 | 20834 | 0 | 22979 | 0 | 192624 | 0 | 0 | 0 |
| Steve Lazarus | |||||||||||||
| 131602 | 0 | 0 | 0 | 0 | 0 | 23679 | 0 | 22979 | 0 | 178260 | 0 | 0 | 0 |
| Dmitri Konon | |||||||||||||
| 135150 | 0 | 0 | 0 | 0 | 0 | 18921 | 0 | 22979 | 0 | 177050 | 0 | 0 | 0 |
| Hope Mallari | |||||||||||||
| 153058 | 0 | 0 | 0 | 0 | 0 | 21159 | 0 | 0 | 0 | 174217 | 0 | 0 | 0 |
| Kristine Pizzo | |||||||||||||
| 152784 | 0 | 0 | 0 | 0 | 0 | 18334 | 0 | 21264 | 0 | 192382 | 0 | 0 | 0 |
| Peyton Sise | |||||||||||||
| 150609 | 0 | 0 | 0 | 0 | 0 | 21085 | 0 | 22979 | 0 | 194673 | 0 | 0 | 0 |
| Ian Smith | |||||||||||||
| 159701 | 0 | 0 | 0 | 0 | 0 | 22358 | 0 | 22979 | 0 | 205038 | 0 | 0 | 0 |
| Howard Spieler | |||||||||||||
| 134415 | 0 | 0 | 0 | 0 | 0 | 18818 | 0 | 22979 | 0 | 176212 | 0 | 0 | 0 |
| Kristy Sundjaja | |||||||||||||
| 137224 | 0 | 0 | 0 | 0 | 0 | 7140 | 0 | 22771 | 0 | 167135 | 0 | 0 | 0 |
| Lawton Thomas | |||||||||||||
| 129510 | 0 | 0 | 0 | 0 | 0 | 17595 | 0 | 15940 | 0 | 163045 | 0 | 0 | 0 |
| Daniel Zarrilli | |||||||||||||
| 141166 | 0 | 0 | 0 | 0 | 0 | 19729 | 0 | 22771 | 0 | 183666 | 0 | 0 | 0 |
| Richard Marshall | |||||||||||||
| 150543 | 0 | 0 | 0 | 0 | 0 | 21076 | 0 | 22979 | 0 | 194598 | 0 | 0 | 0 |
| Mark Silversmith | |||||||||||||
| 157446 | 0 | 0 | 0 | 0 | 0 | 23072 | 0 | 22979 | 0 | 203497 | 0 | 0 | 0 |
| Robert S Lapalme | |||||||||||||
| 163874 | 0 | 0 | 0 | 0 | 0 | 22942 | 0 | 8585 | 0 | 195401 | 0 | 0 | 0 |
| Judy Fensterman | |||||||||||||
| 163874 | 0 | 0 | 0 | 0 | 0 | 22942 | 0 | 22979 | 0 | 209795 | 0 | 0 | 0 |
| Andrew Winters | |||||||||||||
| 184034 | 0 | 0 | 0 | 0 | 0 | 25765 | 0 | 22979 | 0 | 232778 | 0 | 0 | 0 |
| Jill Braverman | |||||||||||||
| 153686 | 0 | 0 | 0 | 0 | 0 | 21516 | 0 | 8585 | 0 | 183787 | 0 | 0 | 0 |
| Carmine Giordano | |||||||||||||
| 147758 | 0 | 0 | 0 | 0 | 0 | 20623 | 0 | 22979 | 0 | 191360 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Supplemental Compensation Information | Identifier |
| Return Reference | SCHEDULE J, PART I, LINE 1A | ReturnReference |
| Explanation | STEVEN STRAUSS RECEIVES A CAR ALLOWANCE BASED ON RETURN TRIP MILES BETWEEN WORK MEETINGS AND HOME, THE VALUE OF WHICH IS INCLUDED IN HIS TAXABLE INCOME. SCHEDULE J, PART I, Line 4A THE FOLLOWING INDIVIDUALS ENTERED INTO SEVERANCE AGREEMENTS AND/OR RECEIVED SEVERANCE PAYMENTS FROM New York Economic Development Corporation: MAUREEN P. BABIS $59,338 MELVIN A. GLICKMAN $48,104 STEVEN STRAUSS $18,069 | Explanation |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | LEE BENEDICT | NamePerson |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | SEE PART V | Relationship |
| Amount Of Transaction | 153254 | AmountOfTransaction |
| Description Of Transaction | SEE PART V | DescriptionOfTransaction |
| Sharing Of Revenues | false | SharingOfRevenues |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | BUSINESS TRANSACTIONS WITH INTERESTED PERSONS | Identifier |
| Return Reference | FORM 990, SCHEDULE L, PART IV | ReturnReference |
| Explanation | DURING THE PERIOD FROM JULY 1, 2011 TO JUNE 30, 2012, NYCEDC MADE PAYMENTS TO PB AMERICAS, INC., A COMPANY ASSOCIATED WITH PARSONS BRINKERHOFF, INC., OF $153,254. DURING THIS PERIOD LEE BENEDICT WAS VICE PRESIDENT IN THE ASSET MANAGEMENT DIVISION OF NYCEDC AND HIS WIFE WAS AN OFFICER OF PARSONS BRIKERHOFF, INC. NONE OF THESE PAYMENTS TO PB AMERICAS, INC. ARE ATTRIBUTABLE TO SERVICES PERFORMED FOR WORK WITHIN THE PURVIEW OF NYCEDC'S ASSET MANAGEMENT DIVISION. MR BENEDICT RECUSED HIMSELF FROM ALL DEALINGS WITH PARSONS BRINCKERHOFF, INC. AND PB AMERICAS, INC., IN ACCORDANCE WITH AN ORDER ISSUED BY THE CITY'S CONFLICT OF INTEREST BOARD IN RESPONSE TO MR. BENEDICT'S REQUEST FOR ADVICE FROM THE BOARD. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SCHEDULE O SUPPLEMENTAL INFORMATION | Identifier |
| Explanation | FORM 990, PART VI, QUESTION 2 DMITRI KONON AND ALYSSA COBB KONON ARE MARRIED. FORM 990, PART VI, QUESTION 6 THE MEMBERS OF THE CORPORATION SHALL BE TWENTY-SEVEN IN NUMBER, CONSISTING OF SIXTEEN PERSONS APPOINTED BY THE MAYOR OF THE CITY OF NEW YORK, SIX OF WHOM SHALL BE APPOINTED BY THE MAYOR DIRECTLY, FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION BY THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK (EACH BOROUGH PRESIDENT NOMINATING ONE MEMBER) AND FIVE OF WHOM SHALL BE APPOINTED BY THE MAYOR UPON NOMINATION OF THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK, ONE PERSON APPOINTED DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK AFTER CONSULTATION WITH NEW YORK CITY PARTNERSHIP, INC., WHO SHALL BE THE CHAIRPERSON OF THE BOARD OF DIRECTORS OF THE CORPORATION AND TEN PERSONS APPOINTED BY THE CHAIRPERSON FROM A LIST OF PERSONS APPROVED BY THE MAYOR OF THE CITY OF NEW YORK. THE SIXTEEN PERSONS APPOINTED DIRECTLY BY THE MAYOR OF THE CITY OF NEW YORK OR UPON NOMINATION OF THE BOROUGH PRESIDENTS OF THE CITY OF NEW YORK OR THE SPEAKER OF THE COUNCIL OF THE CITY OF NEW YORK SHALL IN EACH CASE BE A PUBLIC OFFICIAL OR A PERSON PROMINENT IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL, PROFESSIONAL OR LABOR COMMUNITY OF THE CITY OF NEW YORK. THE CHAIRPERSON AND TEN PERSONS APPOINTED BY HIM/HER SHALL IN EACH CASE BE A PERSON IN THE FINANCIAL, COMMERCIAL, INDUSTRIAL OR PROFESSIONAL COMMUNITY OF THE CITY OF NEW YORK AND SHALL NOT BE A PUBLIC OFFICIAL. A MEMBER MAY BE AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR ANY AGENCY OF THE CITY OF NEW YORK. A MEMBER WHO IS AN OFFICIAL OR EMPLOYEE OF THE CITY OF NEW YORK OR AGENCY OF THE CITY OF NEW YORK SHALL SERVE AS SUCH IN THE FURTHERANCE OF THE CITY OF NEW YORK. IF NEW YORK CITY PARTNERSHIP, INC. SHALL BE RENAMED OR SHALL CONSOLIDATE OR MERGE WITH ANY ORGANIZATION, THE ORGANIZATION AS RENAMED OR SUCH CONSOLIDATED OR MERGED ORGANIZATION SHALL BE THE ENTITY WITH WHICH THE MAYOR OF THE CITY OF NEW YORK CONSULTS IN SELECTING THE CHAIRPERSON. ANY QUESTIONS AS TO SUCCESSION SHALL BE CONCLUSIVELY RESOLVED FOR ALL PURPOSES BY COUNSEL FOR THE CORPORATION. MEMBERS SHALL BE APPOINTED ANNUALLY PRIOR TO OR ON THE DATE OF THE ANNUAL MEETING OF MEMBERS. EACH MEMBER, INCLUDING MEMBERS APPOINTED TO FILL VACANCIES AS PROVIDED BELOW, SHALL SERVE AS UNTIL THE APPOINTMENT OF HIS/HER SUCCESSOR OR HIS/HER EARLIER DEATH OR RESIGNATION. IF AT ANY TIME THERE IS LESS THAN THE PRESCRIBED NUMBER OF APPOINTED MEMBERS, THE MAYOR OF THE CITY OF NEW YORK, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, OR THE CHAIRPERSON, IN THE CASE OF A MEMBER APPOINTED BY HIM/HER, MAY APPOINT A PERSON HAVING THE QUALIFICATIONS TO BE SUCH A MEMBER TO FILL SUCH VACANCY, PROVIDED THAT APPOINTMENT OF A MEMBER TO FILL A VACANCY SHALL BE MADE IN THE MANNER PRESCRIBED ABOVE FOR THE APPOINTMENT OF MEMBERS. FORM 990, PART VI, QUESTION 7A PURSUANT TO NYCEDC BY-LAWS, THE MEMBERS ELECT DIRECTORS WHO SERVE ON NYCEDC'S BOARD OF DIRECTORS. THE BOARD OF DIRECTORS IS NYCEDC'S GOVERNING BODY. A PERSON MUST BE A MEMBER TO BE ELIGIBLE FOR ELECTION AS A DIRECTOR. FORM 990, PART VI, QUESTION 10B THE SOLE MEMBER OF NYC ENTREPRENEURIAL FUND LLC IS NYCEDC. NYC ENTREPRENEURIAL FUND LLC IS A DISREGARDED ENTITY OF NYCEDC. ALL ACTIONS BY NYC ENTREPRENEURIAL FUND LLC ARE TAKEN BY NYCEDC PERSONNEL AUTHORIZED BY NYCEDC'S BOARD TO ACT ON BEHALF OF NYC ENTREPRENEURIAL FUND LLC. AS NYCEDC CONTROLS ALL ACTIONS TAKEN BY NYC ENTREPRENEURIAL FUND LLC, IT ENSURES THAT THE OPERATIONS OF NYC ENTREPRENEURIAL FUND LLC ARE AT ALL TIMES CONSISTENT WITH ITS OWN OPERATIONS. FORM 990, PART VI, QUESTION 11B THE RETURN PREPARER PROVIDED FINAL COPY OF FORM 990 TO THE TREASURER IN ACCOUNTING AND LEGAL IN THEIR CAPACITIES AS CORPORATE OFFICERS FOR THEIR REVIEW BEFORE BEING FILED WITH THE IRS. FORM 990, PART VI, QUESTION 12C NYCEDC REQUIRES ITS SALARIED OFFICERS AND EMPLOYEES TO AGREE IN WRITING TO BE BOUND BY THE RESTRICTIONS RELATING TO CONFLICTS OF INTEREST AS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER. CHAPTER 68 RESTRICTS OUTSIDE POSITIONS AND INTEREST, ACCEPTANCE OF VALUABLE GIFTS, DISCLOSURE OF CONFIDENTIAL INFORMATION, POST EMPLOYMENT ACTIVITIES, AND OTHER ACTUAL OR PERCEIVED CONFLICTS OF INTEREST. EMPLOYEES ARE RESPONSIBLE FOR READING AND COMPLYING WITH THESE POLICIES. Certain employees with policy and contracting discretion ARE REQUIRED TO FILE FINANCIAL DISCLOSURE FORMS AND MUST UNDERGO A BACKGROUND INVESTIGATION WITH THE NEW YORK CITY DEPARTMENT OF INVESTIGATION (DOI). BOTH DOI AND THE NEW YORK CITY CONFLICTS OF INTEREST BOARD REQUIRE CERTAIN EMPLOYEES TO FILE ANNUAL FINANCIAL DISCLOSURE FORMS. PURSUANT TO A REQUEST BY THE MAYOR AND A RESOLUTION BY NYCEDC'S BOARD OF DIRECTORS, NYCEDC HAS AGREED TO FOLLOW THE CITY'S FINANCIAL DISCLOSURE PROCEDURES. FORM 990, PART VI, QUESTION 19 NYCEDC'S CERTIFICATE OF INCORPORATION, BY-LAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE TO THE PUBLIC THROUGH THE WEBSITE OF NYCEDC, AT HTTP://WWW.NYCEDC.COM. CONFLICTS OF INTEREST CHAPTER 68 OF THE NEW YORK CITY CHAPTER IS AVAILABLE TO THE PUBLIC ON THE CONFLICTS OF INTEREST BOARD WEB SITE AT HTTP://WWW.NYC.GOV/HTML/CONFLICTS. FORM 990, PART XI, LINE 5 CHANGE IN UNREALIZED LOSSES ON INVESTMENTS: ($647,004) | Explanation |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NYC ENTREPRENEURIAL FUND LLC CO NYCEDC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 110 WILLIAM STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10038 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 212123982 | EIN |
| Primary Activities | ECO DEVELOP | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| EOY Assets | 1000000 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection | Public Charity StatusPublicCharityStatus | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Controlled OrgControlledOrg |
|---|---|---|---|---|---|---|---|---|---|---|
| APPLE INDUSTRIAL DEVELOPMENT CORP | ||||||||||
| 110 WILLLIAM STREET | NEW YORK | NY | 10038 | 133010779 | ECON DEVELOP | NY | 501 (C)(3) | 9 | NYCEDC | true |
| THE CITY OF NEW YORK | ||||||||||
| 110 WILLIAMS STREET | NEW YORK | NY | 10038 | 136400434 | GOVERNMENT | NY | 115 | NA | false | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | true | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | true | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | true | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| APPLE INDUSTRIAL DEVELOPMENT CORP | ||
| R | 45356506 | FMV |
| APPLE INDUSTRIAL DEVELOPMENT CORP | ||
| P | 33763396 | FMV |