2022-05-06T13:39:24-05:00 2021-06-30 141555429 UHY ADVISORS NY INC 1185 AVENUE OF THE AMERICAS 38TH FLOOR NEW YORK NY 10036 990 2020-07-01 136533158 ASPHALT GREEN INC ASPH 6469812237 555 EAST 90TH ST NEW YORK NY 10128 DEAN SOMER CHIEF FINANCIAL OFFICER 6469812237 2022-04-27 1 DEAN SOMER 999009999 CHARLES J SOCKETT P01354431 2123814700 2022-04-27 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z DEAN SOMER 555 EAST 90TH STREET NEW YORK NY 10128 18859344 0 X WWW.ASPHALTGREEN.ORG X 1975 NY SPORT AND FITNESS ORGANIZATION 25 25 586 10 0 0 4665753 2126677 21245012 13056925 475505 667244 0 0 26386270 15850846 0 0 0 0 18392816 12853068 0 0 561707 10526674 7605942 28919490 20459010 -2533220 -4608164 36884689 39826452 12197902 16122958 24686787 23703494 X ASPHALT GREEN, INC. ("ASPHALT GREEN") IS A NEW YORK CITY NOT-FOR-PROFIT ORGANIZATION DEDICATED TO ASSISTING INDIVIDUALS OF ALL AGES AND BACKGROUNDS TO ACHIEVE HEALTH THROUGH A LIFETIME OF SPORTS AND FITNESS. ASPHALT GREEN HAS TWO CAMPUSES IN NEW YORK CITY (THE "CITY"): ONE ON THE UPPER EAST SIDE ("AG") AND THE OTHER IN BATTERY PARK CITY("AGBPC"). THE AG CAMPUS INCLUDES THE GEORGE AND ANNETTE MURPHY CENTER; THE AQUA CENTER (WHICH HOUSES THE CITY'S FIRST INDOOR, OLYMPIC-SIZED POOL OPEN TO THE COMMUNITY AT LARGE); A SUPERTURF PLAYING FIELD; DEKOVATS PARK; AND SUNDIAL PLAZA. PROGRAMS FOR YOUNG PEOPLE ARE DESIGNED TO CHALLENGE THE INTELLECTUAL, CREATIVE AND PHYSICAL ABILITIES OF THE PARTICIPANTS. THE CITY RETAINS OWNERSHIP OF THE AG CAMPUS, AND ASPHALT GREEN IS RESPONSIBLE FOR EQUIPPING, OPERATING AND MAINTAINING THE FACILITIES AND PROVIDING COMMUNITY PROGRAMS. 0 0 3939995 2937824 FACILITIES USAGE - INCLUDES USAGE OF POOL AND FITNESS CENTER. BENEFITED APPROXIMATELY 7,500 PEOPLE DURING THE YEAR. 9011663 9011663 PROGRAMS - INCLUDES AQUATICS, EXERCISE PROGRAMS, SPORTS, MARTIAL ARTS, AND CAMPS. BENEFITED APPROXIMATELY 11,250 PEOPLE DURING THE YEAR. 3488085 52904 FREE COMMUNITY PROGRAMS & USAGE - INCLUDES USAGE OF POOL, FIELD, GYM, THEATER, SPORTS, AQUATICS AND OTHER PROGRAMS. BENEFITED APPROXIMATELY 5,000 PEOPLE DURING THE YEAR. 761068 1054534 OTHER PROGRAM SERVICES INCLUDES THE FOLLOWING: 1) FACILITIES RENTAL - INCLUDES THE RENTAL OF THE POOL, GYM, THEATER, STUDIOS AND ASTROTURF FIELD. 2)THE ASPHALT GREEN BATTERY PARK CITY FACILITY FORMALLY BEGAN ITS OPERATIONS IN JUNE 2013 UNDER AN AMENDED MANAGEMENT-SERVICES AGREEMENT (THE "MARCH 2013 AGREEMENT"). UNDER THIS MARCH 2013 AGREEMENT, BATTERY PARK CITY AUTHORITY LEASED TO ASPHALT GREEN THE PREMISES AS DEFINED IN THE AGREEMENT. THE PREMISES ARE LEASED FOR ATERM OF APPROXIMATELY TEN YEARS, WHICH STARTED ON MAY 1, 2013 AND WILL END IN JUNE 2023, OR ON THE LAST DAY OF ANY EXTENDED TERM PURSUANT TO THE LEASE AGREEMENT. RENTAL PAYMENTS WILL BE CALCULATED ON A FEE STRUCTURE THAT IS BASED ON A PERCENTAGE OF AGPBC'S OPERATING REVENUE AND THE PAYMENTS WILL BEGAN ON JULY 1, 2019. THE ESTIMATED FUTURE MINIMUM RENTAL PAYMENTS, THROUGH FISCAL-YEARS 2021, 2022, 2023, ARE $209,644, $242,881, AND $274,850, RESPECTIVELY, TOTALING $727,735. 761068 1054534 17200811 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 57 0 586 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DEAN SOMER 6469812237 555 EAST 90TH ST NEW YORK NY 10128 ANDREW J NUSSBAUM DIRECTOR 2.00 X 0 0 0 KIRSTEN FELDMAN DIRECTOR 2.00 X 0 0 0 CAROLINE HRIBAR CO-CHAIR 2.00 X X 0 0 0 PATRICIA SAUNDERS DIRECTOR 2.00 X 0 0 0 THOMAS NEWMAN DIRECTOR 2.00 X 0 0 0 JON BANNER DIRECTOR 2.00 X 0 0 0 CHRISTA D'ALIMONTE SECRETARY 2.00 X X 0 0 0 JUSTIN DERFNER DIRECTOR 2.00 X 0 0 0 WILLIAM EAKINS DIRECTOR 2.00 X 0 0 0 ANDREA WENNER HOLLANDER DIRECTOR 2.00 X 0 0 0 ALOYSEE JARMOSZUK DIRECTOR 2.00 X 0 0 0 SAMUEL J JEMAL DIRECTOR 2.00 X 0 0 0 EDWARD KOPELOWITZ DIRECTOR 2.00 X 0 0 0 JAMES KINDERKNECT DIRECTOR 2.00 X 0 0 0 ROWDY GAINES DIRECTOR 2.00 X 0 0 0 WENDY SACKS DIRECTOR 2.00 X 0 0 0 DAVID MITNICK DIRECTOR 2.00 X 0 0 0 LIA NEAL DIRECTOR 2.00 X 0 0 0 DAMON PAZZAGLINI DIRECTOR 2.00 X 0 0 0 JOHN PORGES DIRECTOR 2.00 X 0 0 0 TRAVIS RUNDLET DIRECTOR 2.00 X 0 0 0 PAUL SHERRINGTON TREASURER 2.00 X X 0 0 0 LOCKY TRACHSEL VICE CHAIR 2.00 X X 0 0 0 ALBERT ZESIGER DIRECTOR 2.00 X 0 0 0 BARRIE ZESIGER CO-CHAIR 2.00 X X 0 0 0 MARGARET SIEGEL EXECUTIVE DIRECTOR 40.00 X 341361 0 12561 MARCUS FARNY CHIEF OPERATING OFFICER 40.00 X 215560 0 18515 DEAN L SOMER DIRECTOR OF FINANCE 40.00 X 152962 0 9872 SARAH BENNETT CHIEF MARKETING OFFICER 40.00 X 115442 0 5303 PEDRO RAICOVICH CHIEF ADMINISTRATIVE OFFICER 40.00 X 131695 0 21409 DAVID RODRIGUEZ DIRECTOR OF AQUATICS 40.00 X 183190 0 8500 REGINA YOA-REESE DIRECTOR OF HUMAN RESOURCES 40.00 X 129404 0 17533 NANCY YOUNG DIRECTOR OF DEVELOPMENT 40.00 X 121915 0 5937 DAVID LUDWIG DIRECTOR OF COMMUNITY PROGRAMS 40.00 X 127192 0 8357 ADAM PEREZ DIRECTOR OF SOCCER 40.00 X 116327 0 17273 FRANK CAPPOLA DIRECTOR OF SECURITY 40.00 X 103404 0 2871 1738452 0 128131 14 0 1 0 METRO TEAM OUTFITTERS 75 NASSAU TERMINAL ROAD NEW HYDE PARK NY 11040 SPORTS UNIFORMS 166306 1 359183 38134 1729360 106793 2126677 PROGRAMS 713940 9011663 9011663 FACILITIES USAGE 713940 2937824 2937824 FACILITIES RENTAL 532000 1054534 1054534 OTHER PROGRAM SERVICE REVENUE 713940 52904 52904 13056925 406187 406187 3269555 3008498 261057 261057 261057 0 359183 0 0 15850846 13056925 0 667244 1555851 1271082 237399 47370 9498956 7897248 1322496 279212 313343 265221 37325 10797 691936 585670 82423 23843 792982 671198 94459 27325 163337 163337 67000 67000 39250 19625 19625 119386 119386 137481 17502 100007 19972 115138 115138 104194 101425 447 2322 373451 358513 7469 7469 155815 128830 26945 40 6606 6606 4960 4960 2980493 2861274 59609 59610 906942 864758 24045 18139 MAINTENANCE & GROUNDS 720974 518086 192305 10583 OTHER PROGRAM EXPENSES 709139 690299 3039 15801 BUILDING SUPPLIES 318173 305445 6364 6364 CREDIT CARD PROCESSING 222909 215566 2944 4399 460694 307325 124908 28461 20459010 17200811 2696492 561707 3577509 6057908 1378208 1341350 778086 326940 285596 109160 263571 295347 69760749 57064423 15124896 12696326 14386360 17902797 470511 622328 619952 474296 36884689 39826452 2538452 2926935 4943990 6745276 659543 473661 3506590 5506590 549327 470496 12197902 16122958 X 16622880 13990009 8063907 9713485 24686787 23703494 36884689 39826452 X -4608164 3643027 66795 -84951 X 0 1 X 1 0 X 2768413 2980845 4749864 4665753 2193472 17358347 24629654 25044254 25639973 21245012 13056925 109615818 27398067 28025099 30389837 25910765 15250397 126974165 558215 478188 796489 431851 1251654 3516397 245044 639106 647860 1532010 803259 478188 796489 1070957 1899514 5048407 121925758 406169 362025 455644 452025 406161 2082024 191327 151007 5506 0 0 347840 597496 513032 461150 452025 406161 2429864 27995563 28538131 30850987 26362790 15656558 129404029 0.94220 0.94650 0.01880 0.01760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19625 19625 39250 25000000 25039250 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 63792 60050 60050 39250 223142 250000 250000 250000 250000 1000000 1500000 63792 60050 60050 39250 223142 5408526 2361066 181656 7587936 5139006 438936 169416 5408526 4522008 777702 160704 5139006 4222097 461269 161358 4522008 3889531 501602 169036 4222097 0.27434 0.72566 0 0 46194112 39285947 6908165 17015734 12740902 4274832 6550903 5037574 1513329 12696326 DEFERRED RENT LIABILITY 470496 470496 X 19441282 3643027 66795 3709822 15731460 119386 119386 15850846 20424575 84951 84951 20339624 119386 119386 20459010 PART X, LINE 2: ASPHALT GREEN FOLLOWS THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (THE "FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. FOR ASPHALT GREEN, ASC TOPIC 740 IS POTENTIALLY APPLICABLE TO THE INCURRENCE OF UNRELATED BUSINESS INCOME ATTRIBUTABLE TO THE RENTAL OF CERTAIN FACILITIES. HOWEVER, DUE TO ITS GENERAL NOT-FOR-PROFIT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT ANTICIPATED TO HAVE, A MATERIAL IMPACT ON ASPHALT GREEN'S FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE INCUDED IN AUDITED FINANCIALS BUT NOT INCLUDED IN RETURN PART V, LINE 4 TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT SUCH AS SPORTS AND FITNESS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. BENEFIT 359183 359183 359183 359183 X 0 0 0 0 0 0 0 1 0 MARGARET SIEGEL EXECUTIVE DIRECTOR 336722 0 0 0 4639 0 7258 0 5303 0 353922 0 0 0 MARCUS FARNY CHIEF OPERATING OFFICER 210018 0 0 0 5542 0 4390 0 14125 0 234075 0 0 0 DAVID RODRIGUEZ DIRECTOR OF AQUATICS 175311 0 0 0 7879 0 2659 0 5841 0 191690 0 0 0 DEAN L SOMER DIRECTOR OF FINANCE 148965 0 0 0 3997 0 3169 0 6703 0 162834 0 0 0 PEDRO RAICOVICH CHIEF ADMINISTRATIVE OFFICER 128653 0 0 0 3042 0 2632 0 18777 0 153104 0 0 0 PART I, LINE 3 COMPENSATION PROCEDURES: THE EVALUATION WAS UNDERTAKEN BY THE COMPENSATION COMMITTEE. THE RESULTS OF THE EVALUATION AND REVIEW WERE SHARED AND DISCUSSED WITH OTHER BOARD MEMBERS. PART I, LINE 7 DISCRETIONARY BONUSES ARE AWARDED TO EXECUTIVE DIRECTORS, TOP MANAGEMENT, FULL-TIME AND PART-TIME EMPLOYEES BASED ON THE LEVEL OF THE EMPLOYEE'S POSITION, THE PERFORMANCE OF THE EMPLOYEE AGAINST PREDETERMINED AND AGREED-UPON PERFORMANCE OBJECTIVES AND THE PERFORMANCE OF THE ORGANIZATION VERSUS THE ANNUAL BUDGET APPROVED BY THE BOARD OF DIRECTORS PRIOR TO THE START OF THE FISCAL YEAR. X 6 106793 FMV 0 0 1 PART I, LINE 32B: ASPHALT GREEN USES ITS BROKER TO SELL DONATED SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR RELATIONSHIPS: BARRIE AND ALBERT ZESIGER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF 990: A COPY OF THE 990 IS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING, AND IS REVIEWED IN DETAIL BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C MONITORING OF CONFLICT OF INTEREST POLICY: ON AN ANNUAL BASIS, ASPHALT GREEN REQUIRES THAT ALL DIRECTORS, OFFICERS AND SENIOR MANAGEMENT SIGN THE CONFLICT OF INTEREST POLICY FORM. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCEDURES: THE EVALUATION WAS UNDERTAKEN BY THE COMPENSATION COMMITTEE. THE RESULTS OF THE EVALUATION AND REVIEW WERE SHARED AND DISCUSSED WITH THE OTHER BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF DOCUMENTS: ASPHALT GREEN WILL PROVIDE THE AUDITED FINANCIAL STATEMENTS UPON FORMAL WRITTEN REQUEST. FORM 990, PART XI, LINE 9: BAD DEBTS INCLUDED IN THE AUDITED FINANCIALS BUT NOT INCLUDED IN THE RETURN -84,951.