2025-05-15T22:17:07-05:00 2024-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2023-07-01 133709348 FIFTH AVENUE ASSOCIATION BUSINESS IMPROVEMENT DISTRICT INC FIFT 2122651310 16 EAST 52ND ST 3FL NEW YORK NY 10022 MADELYN WILS CHIEF EXECUTIVE OFFICER 2122651310 2025-05-15 1 1 WILLIAM SKODY P00631754 2129671100 2025-05-15 2023 2025-03-06 01:10:19Z MADELYN WILS 16 EAST 52ND ST 3FL NEW YORK NY 10022 8803473 0 X WWW.FIFTHAVENUE.NYC X 1993 NY PROMOTE THE ECONOMIC GROWTH AND VITALITY OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC. 33 33 58 33 0 0 21000 20000 8613619 8775819 7065 7654 0 0 8641684 8803473 0 14000 0 0 3635757 3996883 0 0 0 3224041 5766260 6859798 9777143 1781886 -973670 4801292 3547121 2027392 1746891 2773900 1800230 X TO PROMOTE THE GENERAL WELFARE OF PEOPLE IN FIFTH AVENUE IN NEW YORK, NY. SPECIFICALLY IN THE AREA DESCRIBED IN THE FIFTH AVENUE BUSINESS IMPROVEMENT DISTRICT PLAN AS APPROVED BY THE CITY COUNCIL OF THE CITY OF NEW YORK IT PROVIDES SUPPLEMENTARY SECURITY AND SANITATION SERVICES TO THE BUSINESSES, HOMELESS OUTREACH, STREETSCAPING, EVENTS, PROGRAMS, MARKETING, AND PLANNING. 0 0 1216251 SANITATION - MAINTAINING CLEAN STREETS/CURBS AND GARBAGE REMOVAL. 2247500 SECURITY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OFUNIFORMED GUARDS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT. 2469811 721156 MARKETING, COMMUNICATIONS, AND EVENTS - PROMOTING THE DISTRICT THROUGH A VARIETY OF MEDIA CHANNELS AND BY ORGANIZING EVENTS. 435982 14000 LANDSCAPING - ENHANCING THE DISTRICT THROUGH PLANTINGS AND DECORATIONS. 2008103 CAPITAL AND DEVELOPMENT PROJECTS - DEVELOPING PROJECTS FOR THE RESIDENTS AND TOURISTS. 2444085 14000 8377647 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 39 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 33 33 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X THE ORGANIZATION 2122651310 16 EAST 52ND ST 3FL NEW YORK NY 10022 EDWARD P HOGAN BOARD CHAIR 2.00 X X 0 0 0 ANDREW LEVIN VICE CHAIRMAN 1.00 X X 0 0 0 MARK GOLDBERG TREASURER 1.00 X X 0 0 0 ALLEN WALTHER DIRECTOR 0.25 X 0 0 0 AMY MILLER MADRY DIRECTOR 0.25 X 0 0 0 ANDREW MARCUS DIRECTOR 0.25 X 0 0 0 ANISH MELWANI DIRECTOR 0.25 X 0 0 0 AYA KEEFE DIRECTOR 0.25 X 0 0 0 BRAD LANDER DIRECTOR 0.25 X 0 0 0 BRETT HERSCHENFELD DIRECTOR 0.25 X 0 0 0 CARDINAL TIMOTHY DOLAN DIRECTOR 0.25 X 0 0 0 CHARMAINE MANGAROO DIRECTOR 0.25 X 0 0 0 DARCY PENICK DIRECTOR 0.25 X 0 0 0 DAVID BROWN DIRECTOR 0.25 X 0 0 0 DOUGLAS NEYE DIRECTOR 0.25 X 0 0 0 FRANKLIN RICHARDS DIRECTOR 0.25 X 0 0 0 HELEN KING DIRECTOR 0.25 X 0 0 0 HOWARD SCHWARTZ DIRECTOR 0.25 X 0 0 0 JENNIFER CONOVITZ DIRECTOR 0.25 X 0 0 0 JOAN SBARRO DIRECTOR 0.25 X 0 0 0 JULIE CRAMPE DIRECTOR 0.25 X 0 0 0 KATHLEEN MCGOWAN DIRECTOR 0.25 X 0 0 0 KEITH POWERS DIRECTOR 0.25 X 0 0 0 KT STALLINGS BREN DIRECTOR 0.25 X 0 0 0 LYNN USDAN DIRECTOR 0.25 X 0 0 0 MARISA MAACK DIRECTOR 0.25 X 0 0 0 MARK HERSHBERG DIRECTOR 0.25 X 0 0 0 MARK LEVINE DIRECTOR 0.25 X 0 0 0 MATTHEW CALAMARI DIRECTOR 0.25 X 0 0 0 MELISSA XIDES DIRECTOR 0.25 X 0 0 0 NICOLE KUSHNER-MEYER DIRECTOR 0.25 X 0 0 0 PAULS CARETHERS DIRECTOR 0.25 X 0 0 0 RUEDIGER ALBERS DIRECTOR 0.25 X 0 0 0 STANLEY CHERA JR DIRECTOR 0.25 X 0 0 0 MADELYN WILS CHIEF EXECUTIVE OFFICER 40.00 X 0 0 0 MARIE BOSTER PRESIDENT (FORMER) 40.00 X 225000 0 10324 CELINE ARMSTRONG CHIEF DEVELOPMENT OFFICER (FORMER) 40.00 X 161538 0 18981 ANILU DELGADO DIR. OF FINANCE AND H.R. 40.00 X 107860 0 30891 494398 0 60196 3 1 1 0 NYC EDC ONE LIBERTY PLAZA NEW YORK NY 10006 CONTRACTOR 1000000 PETAL AND COMPANY 909 3RD AVENUE NEW YORK NY 10150 CONTRACTOR 583882 SUNSHINE SACHS 6 EAST 32ND STREET NEW YORK NY 10016 CONTRACTOR 316471 MADELYN WILS 182 DUANE STREET NEW YORK NY 10013 CONSULTING 295000 SKY MAINTENANCE 269 WRIGHT ST WESTBURY NY 11590 CONTRACTOR 277118 9 20000 20000 ASSESSMENT INCOME 900099 8054663 8054663 PROGRAM SERVICE INCOME 900099 721156 721156 8775819 7654 7654 8803473 8775819 0 7654 X 14000 14000 202052 176762 25290 2901053 2548085 352968 90220 75258 14962 533124 444712 88412 270434 225586 44848 328626 328626 20709 20709 79152 79152 2806015 2706787 99228 1341937 1341937 229809 197191 32618 412080 320318 91762 66811 51933 14878 177017 137598 39419 BANK FEES 121183 121183 EQUIPMENT AND SUPPLIES 67131 67061 70 COMMISSIONS EXP. 48250 48250 DUES AND SUBSCRIPTIONS 39833 189 39644 27707 21980 5727 9777143 8377647 1399496 0 1884420 1067379 696547 697937 102350 199082 293035 146579 295392 176676 185527 118716 1639413 1317428 4801292 3547121 229330 292266 1798062 1454625 2027392 1746891 X 2723900 1800230 50000 0 2773900 1800230 4801292 3547121 -973670 0 X X 0 1 X 1 0 X 73975 50000 21000 20000 164975 6414000 6414000 6414000 8054731 8054663 35351394 6414000 6487975 6464000 8075731 8074663 35516369 35516369 39501 34376 7995 7065 7654 96591 35612960 1590423 0.99730 0.99700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 19152 79152 9697991 9777143 638857 159714 0 0 492990 638857 1131847 1697771 74290 79152 153442 123248 159714 282962 424443 65150 60000 125150 PART II-B, LINE 1: THE ORGANIZATION HIRED LOBBYISTS TO PERFORM GRASSROOTS COMMUNICATIONS TO LOCAL DISTRICT PARTICIPANTS AND PAID MEMBERSHIP DUES TO OTHER ORGANIZATIONS THAT PERFORM LOBBYING. 242846 145812 97034 15420 15420 0 37126 15444 21682 118716 SECURITY DEPOSIT 38775 RIGHT OF USE ASSETS - OPERATING LEASES 1278653 1317428 LEASE LIABILITIES - OPERATING LEASES 1454625 1454625 8803473 0 8803473 0 8803473 9777143 0 9777143 0 9777143 1 THE NEW YORK LANDMARKS CONSERVANCY 1 WHITEHALL ST NEW YORK NY 10004 237181785 501(C)(3) 14000 0 TO SUPPORT THE ORGANIZATION'S MISSION. 1 PART I, LINE 2: GRANTS ARE AWARDED BASED ON SPECIFIC CRITERIA AND ARE APPROVED BY THE BOARD COMMITTEE THAT OVERSEES ALL RECIPIENTS OF GRANTS. X X X 0 0 0 0 0 0 0 0 0 MARIE BOSTER PRESIDENT (FORMER) 225000 0 0 0 0 0 5149 0 5175 0 235324 0 0 0 CELINE ARMSTRONG CHIEF DEVELOPMENT OFFICER (FORMER) 161538 0 0 0 0 0 5654 0 13327 0 180519 0 0 0 PART I, LINE 3 APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE- ALL BONUSES/COMPENSATIONS ARE DISCUSSED AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 PROPERTY OWNERS, COMMERCIAL TENANTS, AND RESIDENTS ARE ELIGIBLE FOR FREE MEMBERSHIP BY FILLING OUT A REGISTRATION CARD OR FORM. FORM 990, PART VI, SECTION A, LINE 7A REGISTERED MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ORGANIZATION'S ANNUAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS AND HAS BEGUN COLLECTING ANNUAL DISCLOSURE FORMS QUESTIONNAIRES, AND NOTING TO ALLOW THE ORGANIZATION TO MONITOR POTENTIAL CONFLICTS AND ANY CHANGES IN DISCLOSED INFORMATION. ANY CONFLICT IS REVIEWED BY THE BOARD BEFORE A DECISION IS MADE AS TO WHETHER TO APPROVE THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THIS REVIEW INCLUDES RESEARCHING FORM 990S ON GUIDESTAR, COLLECTING AND CONSIDERING BENCHMARKING DATA FROM PEER ORGANIZATIONS, HIRING EXECUTIVE SEARCH FIRMS TO SOURCE CANDIDATES AND PROVIDE COMPARABILITY DATA AND DOCUMENTING THE DECISION MADE BY THE DECISION MAKER (EG MEETING MINUTES OF BOARD OR COMMITTEE, OFFER LETTERS, ETC.). FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE CONTRACTORS - SANITATION: PROGRAM SERVICE EXPENSES 135,983. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,983. OUTSIDE CONTRACTORS - LANDSCAPING: PROGRAM SERVICE EXPENSES 280,402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 280,402. OUTSIDE CONTRACTORS - MARKETING AND COMMUNICATIONS: PROGRAM SERVICE EXPENSES 365,804. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 365,804. OUTSIDE CONTRACTORS - SECURITY: PROGRAM SERVICE EXPENSES 94,498. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 94,498. OUTSIDE CONTRACTORS - CAPITAL AND DEVELOPMENT PROJECTS: PROGRAM SERVICE EXPENSES 1,830,100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,830,100. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 99,228. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 99,228. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.