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New York City Economic Development Corp: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
New York City Economic Development Corp (EIN 13-2577233)
Tax period
2010-07-01 to 2011-06-30
Filed
2012-05-12
IRS object ID
201201339349300010
Schema version
2010v3.7
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

FieldValueIRS element (for citing)
Timestamp2012-05-12T10:32:23-04:00Timestamp
Tax Period End Date2011-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ERNST & YOUNG US LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1111 MONUMENT CIRCLE SUITE 2600AddressLine1
CityINDIANAPOLISCity
StateINState
ZIP Code46204ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN132577233EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1New York City Economic Development CorpBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNEWYNameControl
Phone2126195000Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameKYLE KIMBALLName
TitleCFOTitle
Date Signed2012-05-11DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
Phone3176817000Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonKYLE KIMBALLNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode
FieldValueIRS element (for citing)
Gross Receipts796758087GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.NYCEDC.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1991YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionNYCEDC 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 Body24NbrVotingMembersGoverningBody
Nbr Independent Voting Members18NbrIndependentVotingMembers
Total Nbr Employees545TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year619861050ContributionsGrantsPriorYear
Contributions Grants Current Year547661992ContributionsGrantsCurrentYear
Program Service Revenue Prior Year109340004ProgramServiceRevenuePriorYear
Program Service Revenue CY137184103ProgramServiceRevenueCY
Investment Income Prior Year823974InvestmentIncomePriorYear
Investment Income Current Year605197InvestmentIncomeCurrentYear
Other Revenue Prior Year38729015OtherRevenuePriorYear
Other Revenue Current Year111306795OtherRevenueCurrentYear
Total Revenue Prior Year768754043TotalRevenuePriorYear
Total Revenue Current Year796758087TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year23970528SalariesEtcPriorYear
Salaries Etc Current Year10382493SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year725004539OtherExpensePriorYear
Other Expenses Current Year696122317OtherExpensesCurrentYear
Total Expenses Prior Year748975067TotalExpensesPriorYear
Total Expenses Current Year706504810TotalExpensesCurrentYear
Revenues Less Expenses Prior Year19778976RevenuesLessExpensesPriorYear
Revenues Less Expenses CY90253277RevenuesLessExpensesCY
Total Assets BOY570369874TotalAssetsBOY
Total Assets EOY755789125TotalAssetsEOY
Total Liabilities BOY359763283TotalLiabilitiesBOY
Total Liabilities EOY454787871TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY210606591NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY301001254NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionNYCEDC'S MISSION IS TO ENCOURAGE ECONOMIC GROWTH IN EACH OF THE FIVE BOROUGHS OF NEW YORK CITY BY STRENGTHENING THE CITY'S COMPETITIVE POSITION AND FACILITATING INVESTMENTS THAT BUILD CAPACITY, GENERATE PROSPERITY AND CATALYZE THE ECONOMIC VIBRANCY OF THE CITY AS A WHOLE.MissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense701305635Expense
Revenue248490898Revenue
DescriptionTHE 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 Expense701305635TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingtrueCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetstrueReportOtherAssets
Report Other LiabilitiestrueReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmttrueConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredtrueScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshptrueOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntitytrueDisregardedEntity
Related EntitytrueRelatedEntity
Related Org Controlled EntitytrueRelatedOrgControlledEntity
Transaction Related EntitytrueTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With109633NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees545NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members24NbrVotingGoverningBodyMembers
Number Independent Voting Members18NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholderstrueMembersOrStockholders
Election Of Board MemberstrueElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChapterstrueLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicytrueConflictOfInterestPolicy
Annual Disclosure Covered PersonstrueAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementtrueRegularMonitoringEnforcement
Whistleblower PolicytrueWhistleblowerPolicy
Document Retention PolicytrueDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturetrueInvestmentInJointVenture
Written Policy Or ProceduretrueWrittenPolicyOrProcedure
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonKYLE KIMBALLNamePerson
Telephone Number2123123855TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (87 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployee
Tony Barsamian
DIRECTOR0.4X000
Rev AR Bernard Sr
DIRECTOR0.4X000
Sharon Y Bowen
DIRECTOR1.0X000
William Candelara
DIRECTOR1.0X000
Marlene Cintron
DIRECTOR (as of 10/29/10)0.4X000
Angela A Chao
DIRECTOR0.4X000
Nicholas Dmytryszyn
DIRECTOR0.4X011593820376
Joseph I Douek
DIRECTOR1.0X000
Alan B Friedberg
DIRECTOR1.0X000
Victor Ganzi
DIRECTOR1.0X000
Alaina Gilligo
DIRECTOR0.4X012852633674
James McSpiritt
DIRECTOR (as of 7/23/2010)1.0X09377224568
Robert Lieber
DIRECTOR (until 7/23/2010)0.1X012938833900
Vicki Match Suna
DIRECTOR (until 5/17/2011)0.1X000
Melva Miller
DIRECTOR0.4X08089821195
Mario J Palumbo Jr
DIRECTOR0.4X000
Jeffrey Pash
DIRECTOR0.4X000
Shaifali Puri
DIRECTOR (as of 2/15/2011)0.2X000
Mark E Russo
DIRECTOR0.4X000
Robert K Steel
DIRECTOR (as of 7/23/2010)1.0X010
Carlo A Scissura
DIRECTOR0.4X014526838060
Robert J Strang
DIRECTOR1.0X000
George Twill
DIRECTOR1.0X000
Leonard Wasserman
DIRECTOR (until 7/23/2010)0.2X015940941765
Rev Reginal Williams
DIRECTOR0.4X000
Kathryn S Wylde
DIRECTOR0.4X000
Alfred D Youngwood
DIRECTOR0.4X000
Seth Pinsky
President35.0222469051735X
John Cicerello
Executive Vice President35.05653802603X
Melvin Glickman
Executive Vice President35.0161204030888X
Meredith J Jones
EVP/General Counsel/Secretary35.0173658017820X
Kyle Kimball
EXECUTIVE VICE PRESIDENT35.0152721017445X
David Lombino
Executive Vice President35.0171438029377X
Steve Strauss
EXECUTIVE VICE PRESIDENT35.0134848030506X
Maria Torres
EXECUTIVE VICE PRESIDENT35.0187482033257X
Joshua Wallack
Executive Vice President35.0164882036838X
Madelyn Wils
EVP (until 6/17/2011)35.0181021043564X
Jason Wright
EVP (until 3/4/2011)35.0187482047662X
Hardy Adasko
Senior Vice President35.0156787043027X
Maureen Babis
Senior Vice President35.0123774039711X
David Ehrenberg
EVP (as of 3/16/2011)35.0104558021845X
Lee Benedict
Senior Vice President35.0130436040392X
Maryann Catalano
Senior Vice President35.0103052034950X
Dean Bodnar
Senior Vice President35.070231012013X
James Gallagher
SVP (until 11/30/2010)35.0186398033471X
Susan Goldfinger
Senior Vice President35.0152040042924X
David Kane
EVP (as of 9/29/2010)35.0175996045341X
Lynn Kelly
SVP (until 10/22/2010)35.0111244021050X
Liza Kent
Senior Vice President35.0158152043201X
Alyssa Cobb Konon
EVP (as of 6/23/2011)35.080879012489X
Dmitri Konon
Senior Vice President35.0132723040341X
Venetia Lannon
SVP (until 5/6/2011)35.0136196038684X
Steve Lazarus
Senior Vice President35.0143530017099X
Lisa Lugo
SVP (until 8/27/2010)35.0121999022024X
Christopher Malin
Treasurer/SVP (until 10/6/10)35.0140198036426X
Thomas McKnight
Executive Vice President35.0121521039005X
Ricardo Niles
Ast. Treas/SVP (until 10/6/10)35.0164979041783X
Patrick O' Sullivan
Executive Vice President35.0121288036086X
Luigi Pedalino
Senior Vice President35.0122914033058X
Kristine Pizzo
Senior Vice President35.0154797032751X
Euan Robertson
Senior Vice President35.0161766024843X
Peyton Sise
Senior Vice President35.0167204044500X
Ian Smith
Senior Vice President35.0177128045711X
Howard Spieler
Senior Vice President35.0149956041691X
Becky Ta
SVP/Treasurer (until 4/8/2011)35.08446207697X
Lawton Thomas
Senior Vice President35.0129497038308X
Daniel Zarrilli
Senior Vice President35.0130390037213X
Judith Capolongo
Assistant Secretary35.0123080025340X
Richard Marshall
Assistant Secretary35.0155255043702X
Mark Silversmith
Assistant Secretary35.0177059045585X
Christine Nicastro
Asst. Treas.(until 10/6/10)35.0117945044019X
Donna Sevarino
Rec. Mgmt Off.(until 11/19/10)35.010175807690X
Andrew Genn
SVP (as of 6/23/2011)35.0126394039723X
Miriam Harris
SVP (as of 9/29/2010)35.0109346020593X
Ohene Kwapong
SVP (from 9/29/10 to 2/17/10)35.02671107484X
Ann Li
SVP (as of 9/29/2010)35.0138238028484X
Hope Mallari
SVP (as of 12/21/2010)35.0159397033120X
David Quart
SVP (as of 6/23/2011)35.0106103036702X
Christopher L Smith
SVP (as of 9/29/2010)35.0113263020593X
Kristy Sundjaja
SVP (as of 9/29/2010)35.0122816020593X
Spencer Hobson
Treasurer (as of 5/3/2011)35.0110358033477X
Bulent Celik
Ast Treasurer (as of 10/25/10)35.01792303742X
Carmine Giordano
Facilities Director35.0158204043076X
Jill Braverman
Assitant General Counsel35.0172184030991X
Judy Fensterman
ASSISTANT GENERAL COUNSEL35.0165435045334X
Robert Lapalme
ASSISTANT GENERAL COUNSEL35.0169805031882X
Andrew Winters
Supervisor (Hudson Yards Dev)35.0177218045403X
FieldValueIRS element (for citing)
Total Reportable Comp From Org8256330TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs853200TotalReportableCompFrmRltdOrgs
Total Other Compensation2130400TotalOtherCompensation
Number Individuals GT100 K94NumberIndividualsGT100K
Formers ListedfalseFormersListed
Total Comp GT150 KtrueTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
Weisz Yoes Architecture
224 Centre St 5 FLNEW YORKNY10013ARCHITECTS386991
Beyer Blinder Belle
41 East 11th StNEW YORKNY10003ARCHITECTS207252
Ernst and Young
PO Box 96550WHITE PLAINSIL60693Accounting services200326
Mohamed Elwakil
525 East 72nd streetFLUSHINGNY10021Consulting services181531
ROBERT J DAMIGELLA PE
44 RAVEN DRIVEALBANYNY07960Consulting services180364
FieldValueIRS element (for citing)
Number Of Contractors GT100 K6NumberOfContractorsGT100K
Government Grants542526398GovernmentGrants
All Other Contributions5135594AllOtherContributions
Total Contributions547661992TotalContributions

Program Service Revenue ProgramServiceRevenue (5 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
POWER SALES5313905426137654261376
REAL ESTATE SALES5313903097829330978293
DEVELOPER CONTRIBUTIONS53139013951761395176
INTEREST INCOME FROM LOANS53139016483371648337
INCOME FROM EXEMPT AFFILIATE5313904890092148900921
FieldValueIRS element (for citing)
Total Program Service Revenue137184103TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column605197TotalRevenueColumn
Exclusion$605,197ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc (3 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
42ND STREET PROJECT REVENUE SHARING5313909174533291745332
FEE INCOME5313901643906516439065
ALL OTHER REVENUE53139031223983122398
FieldValueIRS element (for citing)
Total Other Revenue111306795TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column796758087TotalRevenueColumn
Related Or Exempt Function Income248490898RelatedOrExemptFunctionIncome
Exclusion$605,197ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

FieldValueIRS element (for citing)
Total0Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total0Total

Foreign Grants ForeignGrants

FieldValueIRS element (for citing)
Total0Total

Benefits To Members BenefitsToMembers

FieldValueIRS element (for citing)
Total0Total

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total7048347Total
Program Services4161695ProgramServices
Management And General2886652ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

FieldValueIRS element (for citing)
Total0Total

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total0Total
Program Services0ProgramServices
Management And General0ManagementAndGeneral
Fundraising0Fundraising

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total715508Total
Program Services320054ProgramServices
Management And General395454ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total1329107Total
Program Services288757ProgramServices
Management And General1040350ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total1289531Total
Program Services712087ProgramServices
Management And General577444ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

FieldValueIRS element (for citing)
Total0Total

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total183084Total
Management And General183084ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total116191Total
Management And General116191ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

FieldValueIRS element (for citing)
Total0Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total0Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

FieldValueIRS element (for citing)
Total0Total

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total0Total

Advertising Advertising

FieldValueIRS element (for citing)
Total34666Total
Program Services34666ProgramServices

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total5613292Total
Program Services5613292ProgramServices

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total710280Total
Program Services710280ProgramServices

Royalties Royalties

FieldValueIRS element (for citing)
Total0Total

Occupancy Occupancy

FieldValueIRS element (for citing)
Total7732891Total
Program Services7732891ProgramServices

Travel Travel

FieldValueIRS element (for citing)
Total138407Total
Program Services138407ProgramServices

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

FieldValueIRS element (for citing)
Total0Total

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total101116Total
Program Services101116ProgramServices

Interest Interest

FieldValueIRS element (for citing)
Total10495Total
Program Services10495ProgramServices

Payments To Affiliates PaymentsToAffiliates

FieldValueIRS element (for citing)
Total0Total

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1315613Total
Program Services1315613ProgramServices

Insurance Insurance

FieldValueIRS element (for citing)
Total214676Total
Program Services214676ProgramServices

Other Expenses OtherExpenses (5 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServices
CONTRACT/OTHR EXP TO CITY8982364389823643
PROJECT COSTS3376664433766644
PROGRAM COSTS500232670500232670
UTILITY EXPENSES5338144753381447
BAD DEBT EXPENSE27472022747202

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total706504810Total
Program Services701305635ProgramServices
Management And General5199175ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY4500BOY
EOY6350EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY159441845BOY
EOY221643300EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY167336041BOY
EOY196435276EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

FieldValueIRS element (for citing)
BOY39373909BOY
EOY42046012EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

FieldValueIRS element (for citing)
BOY108443118BOY
EOY108443118EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY870240BOY
EOY534699EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis7486379LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec4117593LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY3874928BOY
EOY3368786EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY54751516BOY
EOY50723890EOY

Investments Program Related InvestmentsProgramRelated

FieldValueIRS element (for citing)
BOY100000BOY
EOY600000EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY36173777BOY
EOY131987694EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY570369874BOY
EOY755789125EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY126399794BOY
EOY158087970EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY72279434BOY
EOY119528079EOY

Escrow Account Liability EscrowAccountLiability

FieldValueIRS element (for citing)
BOY3668995BOY
EOY3696514EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY157415060BOY
EOY173475308EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY359763283BOY
EOY454787871EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY108781014BOY
EOY222809605EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY101825577BOY
EOY78191649EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY210606591BOY
EOY301001254EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY570369874BOY
EOY755789125EOY
FieldValueIRS element (for citing)
Info In Schedule O Part XIXInfoInScheduleOPartXI
Reconcilation Revenue Expenses90253277ReconcilationRevenueExpenses
Reconcilation Other Changes141386ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredtrueFederalGrantAuditRequired
Federal Grant Audit PerformedtrueFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years381283168CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years589727937CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years543809446CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year619861050CurrentTaxYearMinus1Year
Current Tax Year547661992CurrentTaxYear
Total2682343593Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years381283168CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years589727937CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years543809446CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year619861050CurrentTaxYearMinus1Year
Current Tax Year547661992CurrentTaxYear
Total2682343593Total
FieldValueIRS element (for citing)
Public Support Total1702682343593PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years8646542CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years7596929CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years3303976CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year823974CurrentTaxYearMinus1Year
Current Tax Year605197CurrentTaxYear
Total20976618Total
FieldValueIRS element (for citing)
Total Support2703320211TotalSupport
Gross Receipts From Admissions Etc803148237GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.99224PublicSupportPertcentage170
Public Support Pertcent Prior Year0.98926PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Art Public Exhibition AmtsArtPublicExhibitionAmts
Held Works Of Art AmtsHeldWorksOfArtAmts
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FStrueIncludedOnFS
LandLand
BuildingsBuildings

Leasehold Improvements LeaseholdImprovements

FieldValueIRS element (for citing)
Other Cost Or Other Basis790621OtherCostOrOtherBasis
Depreciation409128Depreciation
Book Value381493BookValue

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis6695758OtherCostOrOtherBasis
Depreciation2987293Depreciation
Book Value2987293BookValue
FieldValueIRS element (for citing)
Other Land BuildingsOtherLandBuildings
Total Of Book Value Land Buildings3368786TotalOfBookValueLandBuildings

Other Assets OtherAssets (6 entries)

DescriptionDescriptionBook ValueBookValue
ACCRUED INTEREST RECEIVABLE185002
DUE FROM APPLE INDUSTRIAL DEV.13284121
OTHER ASSETS87000
OTHER RECEIVABLES18452490
LAND DEPOSITS IN ESCROW7233750
DUE FROM STATE - ESDC92745331
FieldValueIRS element (for citing)
Total Book Value Other Assets131987694TotalBookValueOtherAssets
Federal Income Tax Liability0FederalIncomeTaxLiability

Other Liabilities OtherLiabilities (7 entries)

DescriptionDescriptionAmountAmount
DEPOSITS-PENDING SALES OF REAL EST.$5,126,695
DUE T0 CITY OF NEW YORK-PROJECT$126,250,905
RETAINAGE PAYABLE$22,775,452
DEFERRED INTEREST INCOME$360,000
OBLIGATION-OTHER POST-EMPLOY. BEN.$18,301,585
OTHER LIABILITIES - NON-CURRENT$133,357
OTHER LIABILITIES - CURRENT$527,314
FieldValueIRS element (for citing)
Total Of Amounts173475308TotalOfAmounts

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierTenant Escrow AccountsIdentifier
Return ReferenceSchedule D Part IVReturnReference
ExplanationNYCEDC REQUIRES PROSPECTIVE LAND AND PROPERTY BUYERS TO PROVIDE A DOWN PAYMENT PENDING SALE OF LAND AND OR PROPERTY.Explanation

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Personal ServicesXPersonalServices
Written Policy Re T And E ExpensestrueWrittenPolicyReTAndEExpenses
Substantiation RequiredtrueSubstantiationRequired
Severance PaymenttrueSeverancePayment
Supplemental Nonqual Retire PlanfalseSupplementalNonqualRetirePlan
Equity Based Comp ArrangementfalseEquityBasedCompArrangement
Comp Based On Revenue Of Filing OrgfalseCompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related OrgsfalseCompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing OrgfalseCompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate OrgsfalseCompBasedNetEarningsRelateOrgs
Any Non Fixed PaymentsfalseAnyNonFixedPayments
Initial Contract ExceptionfalseInitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (47 entries)

Base Compensation Filing OrgBaseCompensationFilingOrgComp Based On Related OrgsCompBasedOnRelatedOrgsBonus Filing OrgBonusFilingOrgBonus Related OrgsBonusRelatedOrgsOther Compensation Filing OrgOtherCompensationFilingOrgOther Compensation Related OrgsOtherCompensationRelatedOrgsDeferred Comp Filing OrgDeferredCompFilingOrgDeferred Comp Related OrgsDeferredCompRelatedOrgsNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgNontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgsTotal Compensation Filing OrgTotalCompensationFilingOrgTotal Compensation Related OrgsTotalCompensationRelatedOrgsComp Report Prior990 Filing OrgCompReportPrior990FilingOrgComp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs
Alaina Gilligo
0128526000000033674016220000
Robert Lieber
0129388000000033900016328800
Carlo A Scissura
0145268000000038060018332800
Leonard Wasserman
0159409000000041765020117400
Seth Pinsky
21014805000118210292830224520274204000
Melvin Glickman
160704050000022499083890192092000
Meredith J Jones
17315805000009431083890191478000
Kyle Kimball
15222105000009057083880170166000
David Lombino
165621050005317027420266350200815000
Steve Strauss
134348050000080530224530165354000
Maria Torres
1800700500069120108040224530220739000
Joshua Wallack
1609260500034560143850224530201720000
Madelyn Wils
1777560500027650211110224530224585000
Jason Wright
1800700500069120252100224520235144000
Hardy Adasko
14696801865079540205750224520199814000
Maureen Babis
1232740500000172580224530163485000
Lee Benedict
12813602300000179390224530170828000
James Gallagher
17458301494010321026699067720219869000
Susan Goldfinger
14622001500043200204710224530194964000
David Kane
16348503476090350228880224530221337000
Liza Kent
14819904608053450207480224530201353000
Dmitri Konon
12776903500014540178880224530173064000
Venetia Lannon
12922403191037810180910205930174880000
Steve Lazarus
133977023750717808710083890160629000
Christopher Malin
125350013840134640175490188770176624000
Thomas McKnight
11822903292000165520224530160526000
Ricardo Niles
14575701379017843034086076970206762000
Patrick O' Sullivan
11360803500041800136330224530157374000
Luigi Pedalino
12122401690000106050224530155972000
Kristine Pizzo
14898305814000102980224530187548000
Euan Robertson
1487000520007866023900224530186609000
Peyton Sise
15747903441062840220470224530211704000
Ian Smith
16613005000059980232580224530222839000
Howard Spieler
13741405300072420192380224530191647000
Lawton Thomas
12653702960000177150205930167805000
Daniel Zarrilli
11871306790048870166200205930167603000
Richard Marshall
15177903476000212490224530198957000
Mark Silversmith
16522803527083040231320224530222644000
Christine Nicastro
106090010300108250250650189540161964000
Carmine Giordano
14775802550078960206230224530201280000
Jill Braverman
1614440200008740022602083890203175000
Judy Fensterman
16343502000000228810224530210769000
Robert Lapalme
1678050200000023493083890201687000
Andrew Winters
17721800000248100205930222621000
Andrew Genn
12349602898000172700224530166117000
Ann Li
11815501089309190078910205930166722000
Hope Mallari
15162905000027680211310119890192517000

Form990 Schedule J Part III Form990ScheduleJPartIII

FieldValueIRS element (for citing)
IdentifierSupplemental Compensation InformationIdentifier
Return ReferenceSchedule J, Part I, Line 1aReturnReference
ExplanationAS PRESIDENT OF NEW YORK ECONOMIC DEVELOPMENT CORP., SETH PINSKY 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: James T. Gallagher $17,405 Lisa C. Lugo $15,732 Christine Nicastro $11,887 Richardo Niles $15,908Explanation

Schedule L IRS990ScheduleL

Form990 Schedule L Part IV Form990ScheduleLPartIV

Name Of Interested Person NameOfInterestedPerson

FieldValueIRS element (for citing)
Name PersonLEE BENEDICTNamePerson
FieldValueIRS element (for citing)
RelationshipSEE PART VRelationship
Amount Of Transaction217125AmountOfTransaction
Description Of TransactionSEE PART VDescriptionOfTransaction
Sharing Of RevenuesfalseSharingOfRevenues

Form990 Schedule L Part V Form990ScheduleLPartV

FieldValueIRS element (for citing)
IdentifierFORM 990, SCHEDULE L, PART IVIdentifier
ExplanationDURING THE PERIOD FROM JULY 1, 2010 TO JUNE 30, 2011, NYCEDC MADE PAYMENTS TO PB AMERICAS, INC., A COMPANY ASSOCIATED WITH PARSONS BRINKERHOFF, INC., OF $217,125. 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

FieldValueIRS element (for citing)
IdentifierSCHEDULE O SUPPLEMENTAL INFORMATIONIdentifier
ExplanationFORM 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 REVIEW PROCESS FORM 990, PART VI, LINE 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 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 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. SPECIFIED EXEMPT EMPLOYEES 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 UNRELAIZED GAINS AND LOSSES ON INVESTMENTS: $241,385 Prior year investment in NYC Entrepreneurial Fund ($100,000) Total $141,385 DEVOTED HOURS TO RELATED ORGANIZATION FORM 990, PART VII, SECTION A NICHOLAS DMYTRYSZYN - 35 HOURS WITH THE CITY OF NEW YORK ALAINA GILLIGO - 35 HOURS WITH THE CITY OF NEW YORK JAMES MCSPIRITT - 35 HOURS WITH THE CITY OF NEW YORK ROBERT LIEBER - 35 HOURS WITH THE CITY OF NEW YORK MELVA MILLER - 35 HOURS WITH THE CITY OF NEW YORK ROBERT K. STEEL - 35 HOURS WITH THE CITY OF NEW YORK CARLO A. SCISSURA - 35 HOURS WITH THE CITY OF NEW YORK LEONARD WASSERMAN - 35 HOURS WITH THE CITY OF NEW YORKExplanation

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI

Name Of Disregarded Entity NameOfDisregardedEntity

FieldValueIRS element (for citing)
Business Name Line1NYC ENTREPRENEURIAL FUND LLC CO NYCEDCBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1110 WILLIAM STREETAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10038ZIPCode
FieldValueIRS element (for citing)
EIN272123982EIN
Primary ActivitiesECO DEVELOPPrimaryActivities
Legal Domicile StateNYLegalDomicileState
Total Income0TotalIncome
EOY Assets600000EOYAssets

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1NABusinessNameLine1

Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesLegal Domicile StateLegalDomicileStateExempt Code SectionExemptCodeSectionPublic Charity StatusPublicCharityStatusBusiness Name Line1DirectControllingEntityName/BusinessNameLine1
APPLE INDUSTRIAL DEVELOPMENT CORP
110 WILLIAM STREETNEW YORKNY10038133010779ECO DEVELOPNY501(C)(3)9NYCEDC
THE CITY OF NEW YORK
110 WILLIAMS STREETNEW YORKNY10038136400434GOVERNMENTNY115NA
FieldValueIRS element (for citing)
Receipt Of Int Ann Rents RoyaltiesfalseReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other OrgfalseGiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other OrgtrueGiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other OrgfalseLoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other OrgfalseSaleOfAssetsToOtherOrg
Purchase Of Assets From Other OrgfalsePurchaseOfAssetsFromOtherOrg
Exchange Of AssetsfalseExchangeOfAssets
Rental Of Facilities To Other OrgsfalseRentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other OrgsfalseRentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other OrgsfalsePerformOfServicesForOtherOrgs
Perform Of Services By Other OrgsfalsePerformOfServicesByOtherOrgs
Sharing Of FacilitiestrueSharingOfFacilities
Sharing Of Paid EmployeestrueSharingOfPaidEmployees
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrg
Reimbursement Paid By Other OrgtrueReimbursementPaidByOtherOrg
Other Transfer To Other OrgfalseOtherTransferToOtherOrg
Other Transfer From Other OrgtrueOtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)

Transaction TypeTransactionTypeAmount InvolvedAmountInvolved
Apple Industrial Development Corp
r48900921
Apple Industrial Development Corp
p34336464