2018-04-10T14:33:17-05:00 2017-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2016-07-01 272683349 GOVERNORS ISLAND CORPORATION GOVE 2124402200 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 MICHAEL SAMUELIAN PRESIDENT 2124402200 2018-04-10 1 ROBERT LYONS P00227472 2125038800 2018-04-10 69.74.165.34 2018-04-10 15:20:26 ED P DC4143E0F2FC185464F95D1D4FA40CD41680502B B8E8917F0931719FE7A109CCAA1C726E9AF7A481 2016 2021-01-29 14:40:06Z THE TRUST FOR GOVERNORS ISLAND MICHAEL SAMUELIAN 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 44846229 0 X WWW.GOVISLAND.COM X 2010 NY THE TRUST FOR GOVERNORS ISLAND (THE "TRUST OR "TGI") IS A NONPROFIT CORPORATION CREATED BY THE CITY OF NEW YORK CHARGED WITH THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A VIBRANT YEAR-ROUND RESOURCE FOR NEW YORK CITY, MAKING THE ISLAND A DESTINATION WITH EXTRAORDINARY PUBLIC OPEN SPACE, DIVERSE CULTURAL AND RECREATIONAL ACTIVITIES, AS WELL AS EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. 11 11 20 11 0 0 51727595 42072494 2459703 2379608 96161 14995 3577 379132 54287036 44846229 0 0 0 0 2555041 2845893 0 0 25513 27792199 32331797 30347240 35177690 23939796 9668539 357982322 358272149 24002038 14623326 333980284 343648823 X THE GOVERNORS ISLAND CORPORATION, DOING BUSINESS AS THE TRUST FOR GOVERNORS ISLAND, IS THE 501(C)(3) NOT-FOR-PROFIT ORGANIZATION CREATED BY THE CITY OF NEW YORK AND CHARGED WITH THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A VIBRANT YEAR ROUND RESOURCE FOR NEW YORK CITY, MAKING THE ISLAND A DESTINATION WITH EXTRAORDINARY PUBLIC OPEN SPACE, DIVERSE CULTURAL AND RECREATIONAL ACTIVITIES, AS WELL AS PERMANENT EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. 0 0 32491617 2379608 THE TRUST IS RESPONSIBLE FOR THE OPERATION, PLANNING AND REDEVELOPMENT OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST PROVIDES FERRY, MAINTENANCE AND SECURITY SERVICES FOR THE ISLAND THROUGHOUT THE YEAR. DURING THE EXPANDED SIX-MONTH PUBLIC ACCESS SEASON HUNDREDS OF THOUSANDS OF VISITORS COME TO THE ISLAND TO EXPERIENCE AN ARRAY OF ARTS, CULTURAL AND RECREATIONAL PROGRAMS. THROUGH A $300 MILLION CAPITAL PROGRAM, THE TRUST BUILT 30 ACRES OF NEW PARK SPACES AND BROUGHT THE ISLAND'S INFRASTRUCTURE INTO THE 21ST CENTURY. CAPITAL INVESTMENTS HAVE SO FAR SUPPLIED POTABLE WATER, STABILIZED HISTORIC BUILDINGS AND REHABILITATED THE SEAWALL; ONGOING PROJECTS INCLUDE UPDATING THE ELECTRICAL AND TELECOM SYSTEMS AND UPGRADING THE FERRY DOCKS. IN ADDITION, PHASE 2 OF THE PARK,THE HILLS, OPENED IN JULY 2016. 32491617 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 20 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X WILLA PADGETT - CHIEF FINANCIAL OFF 2124402227 10 SOUTH STREET SLIP 7 NEW YORK NY 10004 RONAY MENSCHEL CHAIR (FORMER) 1.00 X 0 0 0 ELIZABETH RICHMAN BOARD MEMBER (FORMER) 1.00 X 0 0 0 MARGARET CHIN BOARD MEMBER 1.00 X 0 0 0 CHERYL EFFRON BOARD MEMBER 1.00 X 0 0 0 ALICIA GLEN BOARD MEMBER 1.00 X 0 0 0 PATTI HARRIS BOARD MEMBER (FORMER) 1.00 X 0 0 0 CATHERINE HUGHES BOARD MEMBER 1.00 X 0 0 0 JANNO LIEBER BOARD MEMBER (FORMER) 1.00 X 0 0 0 ANDREA BENDER BOARD MEMBER (FORMER) 1.00 X 0 0 0 JUDY RAPFOGEL BOARD MEMBER (FORMER) 1.00 X 0 0 0 WENDY SCHMIDT BOARD MEMBER (FORMER) 1.00 X 0 0 0 CARL WEISBROD CHAIR 1.00 X 0 0 0 KEVIN RYAN BOARD MEMBER 1.00 X 0 0 0 AVI SCHICK BOARD MEMBER 1.00 X 0 0 0 BENJAMIN LAWSKY BOARD MEMBER 1.00 X 0 0 0 SUSAN MERCANDETTI BOARD MEMBER 1.00 X 0 0 0 DANIEL NEIDICH BOARD MEMBER 1.00 X 0 0 0 TOKUMBO SHOBOWALE BOARD MEMBER 1.00 X 0 0 0 MICHAEL SAMUELIAN PRESIDENT & CEO 35.00 X 46635 0 12902 WILLA PADGETT CHIEF FINANCIAL OFFICER 35.00 X 144594 0 59093 JONATHAN MEYERS CHIEF OPERATING OFFICER (FORMER) 35.00 X 136539 0 55389 MARNI FRIEDLANDER GENERAL COUNSEL & SECRETARY 35.00 X 150450 0 9395 ANTHONY DAVIS DIRECTOR OF BUILDINGS AND GND 35.00 X 101550 0 26938 JAMES REED DIRECTOR OF PARK & OPEN SPACE 35.00 X 107614 0 42067 687382 0 205784 5 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET NEW YORK NY 10014 FACILIITES/ CONSTRUCTION MGMT. 7355654 LIRO GROUP ONE STATE STREET PLAZA 28TH FLOOR NEW YORK NY 10004 CONSTRUCTION 4084287 BARD COLLEGE PO BOX 500 ANNANDALE ON HUDSON NY 12504 CURATORIAL SERVICES 118397 3 37192882 4879612 42072494 PERMITS AND OTHER FEES 531390 2379608 2379608 2379608 6995 6995 8000 0 8000 8000 8000 OTHER INCOME 900099 379132 379132 379132 44846229 2379608 0 394127 849076 743978 84908 20190 1362240 1037747 324493 46881 34143 12052 686 465319 362946 98782 3591 122377 97901 23430 1046 23074 23074 370609 338609 32000 95709 95709 615018 553516 61502 26124 26124 17643838 15879454 1764384 72499 65249 7250 FACILITIES MANAGEMENT 13339257 13339257 OTHER EXPENSES 107599 38817 68782 ADMIN FEES 35656 35656 PRINTING AND POSTAGE 2414 2414 35177690 32491617 2660560 25513 11866857 13524655 3013250 1394575 299175 791175 1480 5692 385198706 43435597 342451315 341763109 350245 792943 357982322 358272149 13370200 8213619 10281615 5617168 350223 792539 24002038 14623326 X 0 0 342451315 341763109 -8471031 1885714 333980284 343648823 357982322 358272149 9668539 0 X X 0 1 X 1 1 1 X 112608532 115285763 80776158 51727595 42072494 402470542 112608532 115285763 80776158 51727595 42072494 402470542 402470542 14405 32370 24773 9957 6995 88500 9388 8766 8600 3577 379132 409463 402968505 8642078 0.99880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 7316028 3360380 3955648 377882677 40075217 337807460 341763109 SECURITY DEPOSITS 792539 792539 44846229 0 44846229 0 44846229 35177690 0 35177690 0 35177690 SCHEDULE D, PART VI SCHEDULE D, PART VI - LAND, BUILDINGS, AND EQUIPMENT: THE COST BASIS OF OTHER ASSETS LISTED UNDER 1E INCLUDES CONSTRUCTION IN PROGRESS OF $33,679,820 AND SITE IMPROVEMENTS OF $344,202,857 X X 0 0 0 0 0 0 0 0 0 WILLA PADGETT CHIEF FINANCIAL OFFICER 144594 0 0 0 0 0 20243 0 38850 0 203687 0 0 0 JONATHAN MEYERS CHIEF OPERATING OFFICER (FORMER) 136539 0 0 0 0 0 19116 0 36273 0 191928 0 0 0 MARNI FRIEDLANDER GENERAL COUNSEL & SECRETARY 150450 0 0 0 0 0 9027 0 368 0 159845 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION HAS ONE MEMBER WHICH IS THE INDIVIDUAL HOLDING THE OFFICE OF THE MAYOR OF THE CITY OF NEW YORK (THE "MAYOR"). FORM 990, PART VI, SECTION A, LINE 7A THE MAYOR WILL APPOINT THE DIRECTORS OF THE CORPORATION AS FOLLOWS: (I) EIGHT DIRECTORS, APPOINTED BY THE MAYOR IN HIS OR HER CAPACITY AS MAYOR OF THE CITY; (II) ONE DIRECTOR WHO SHALL RESIDE IN BROOKLYN, APPOINTED BY THE MAYOR IN HIS OR HER CAPACITY AS MAYOR; (III) ONE DIRECTOR UPON THE NOMINATION OF THE STATE ASSEMBLY MEMBER, 64TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES GOVERNORS ISLAND; (IV) ONE DIRECTOR UPON THE NOMINATION OF THE STATE SENATOR, 25TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES GOVERNORS ISLAND; (V) ONE DIRECTOR UPON THE NOMINATION OF THE CHAIR OF MANHATTAN COMMUNITY BOARD 1, OR ANY SUCCESSOR COMMUNITY BOARD THAT INCLUDES GOVERNORS ISLAND; AND (VI) ONE DIRECTOR UPON THE NOMINATION OF THE GOVERNOR OF THE STATE OF NEW YORK. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 WILL BE REVIEWED IN DETAIL BY TGI'S AUDIT AND FINANCE COMMITTEE PRIOR TO FILING THE FORM. ONCE REVIEWED BY THE COMMITTEE, THE FORM 990 WILL BE DISTRIBUTED TO THE FULL BOARD (VIA E-MAIL) FOR ITS REVIEW AND COMMENT, ALSO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C TGI MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY IN PART THROUGH COMPLIANCE WITH NEW YORK CITY CONFLICT OF INTEREST BOARD ("COIB") REQUIREMENTS. TGI EMPLOYEES WHO MEET THE CRITERIA MUST FILE ANNUAL COIB FORMS; MEMBERS OF TGI'S BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLY WITH COIB AND TO FILE ANNUAL COIB FORMS OR EQUIVALENT NEW YORK STATE FORMS. OFFICERS OF THE CORPORATION ARE SUBJECT TO THE RESTRICTIONS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER, WHICH IS THE CITY'S CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE SENIOR MANAGEMENT OF THE GOVERNORS ISLAND CORPORATION D/B/A THE TRUST FOR GOVERNORS ISLAND ("THE TRUST") INCLUDES THE PRESIDENT, CHIEF OPERATING OFFICER, CHIEF FINANCIAL OFFICER, AND GENERAL COUNSEL. THE SALARY OF THE PRESIDENT SHALL BE DETERMINED CONSIDERING COMPENSATION AT OTHER COMPARABLE ORGANIZATIONS IN NEW YORK CITY AS WELL AS FACTORS SUCH AS SKILL, EXPERIENCE, PAST PERFORMANCE, SCOPE OF RESPONSIBILITIES, AND WORK HISTORY. THE SALARY OF OTHER SENIOR MANAGEMENT STAFF SHALL BE DETERMINED BY THE PRESIDENT, CONSIDERING FACTORS SUCH AS EMPLOYEE SKILL, EXPERIENCE, PAST PERFORMANCE, WORK HISTORY AND POSITION. THE POLICIES REGARDING OTHER COMPENSATION (INCLUDING PENSION), TRAVEL, REIMBURSEMENT, TIME AND ATTENDANCE OF SENIOR MANAGEMENT SHALL BE SUBSTANTIALLY SIMILAR TO THE POLICIES OF THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION, AVAILABLE TO ALL EMPLOYEES OF THE TRUST. FORM 990, PART VI, SECTION C, LINE 19 TGI'S CERTIFICATE OF INCORPORATION, BY-LAWS, AUDITED FINANCIAL STATEMENTS AND CODE OF ETHICS (WHICH COVERS CONFLICTS OF INTEREST) ARE POSTED ON ITS WEBSITE. FORM 990, PART XII, LINE 2C THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR HAS NOT BEEN CHANGED FROM THE PRIOR YEAR.