2017-05-12T06:21:49-05:00 2016-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2015-07-01 133275810 GRAND CENTRAL PARTNERSHIP INC GRAN 2128832420 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 ALFRED C CERULLO III PRESIDENT/CEO 2128832420 2017-05-12 1 WILLIAM SKODY P00631754 2129671100 2017-05-12 2015 2021-01-29 14:40:06Z ALFRED C CERULLO III 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 14299006 0 X WWW.GRANDCENTRALPARTNERSHIP.ORG X 1985 NY PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC. 40 38 162 0 0 0 13378 0 13118811 13173007 323821 307999 265588 253453 13721598 13734459 0 0 0 0 7362810 7422453 0 0 0 5205123 5221566 12567933 12644019 1153665 1090440 20053888 19159958 14515201 12487531 5538687 6672427 X THE GRAND CENTRAL PARTNERSHIP PROVIDES SUPPLEMENTAL PUBLIC SAFETY, SANITATION, STREETSCAPE IMPROVEMENT, VISITOR INFORMATION AND BUSINESS SUPPORT SERVICES, INCLUDING MARKETING AND SPECIAL EVENTS TO BENEFIT PROPERTY OWNERS, BUSINESSES AND RESIDENTS IN A 70 SQUARE BLOCK AREA OF MIDTOWN MANHATTAN. 0 0 3195461 0 0 SANITATION PROGRAM INCLUDES MAINTAINING CLEAN STREETS/CURBS, GRAFFITI REMOVAL AND GARBAGE REMOVAL. 2467987 0 0 PUBLIC SAFETY PROGRAM PROVIDES SUPPLEMENTAL PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED STAFF AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT. 1707200 0 0 CAPITAL IMPROVEMENTS - IMPROVING THE OVERALL APPEARANCE OF THE DISTRICT BY INSTALLING STREETSCAPE AMENITIES SUCH AS PUBLIC FURNITURE AND STREET LIGHTING, AND THE COST OF FINANCING THOSE IMPROVEMENTS 1458786 0 418132 DISTRICT-WIDE MAINTENANCE MAINTAINS PREVIOUSLY INSTALLED CAPITAL IMPROVEMENTS. 1437354 0 298956 EXTERNAL AFFAIRS PROGRAM PROMOTES THE DISTRICT THROUGH RETAIL DEVELOPMENT, FUNDRAISING, SPECIAL EVENTS, TOURISM AND OTHER PUBLIC RELATIONS. 593151 0 0 HORTICULTURE ENHANCES THE DISTRICT THROUGH PLANTINGS AND DECORATIONS. 217355 0 0 SOCIAL SERVICES - VOLUNTARY CONTRIBUTIONS TO A SOCIAL SERVICE PROVIDER TO DEAL WITH THE VARIOUS SOCIAL SERVICE ISSUES IN THE DISTRICT. 3706646 0 717088 11077294 1 0 0 1 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 282 0 1 162 1 0 0 0 0 0 0 0 0 0 0 X 40 38 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2128832420 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 ADAM F ABRAMSON DIRECTOR 0.50 0.50 X 0 0 0 MICHELLE ADAMS VICE CHAIR 0.50 0.50 X X 0 0 0 WILLIAM H ANDERSON DIRECTOR 0.50 0.50 X 0 0 0 ROBERT BILLINGSLEY DIRECTOR 0.50 0.50 X 0 0 0 DENNIS BRADY DIRECTOR 0.50 0.50 X 0 0 0 LOUIS BRAUSE DIRECTOR 0.50 0.50 X 0 0 0 WILLIAM G COHEN DIRECTOR 0.50 0.50 X 0 0 0 PETER S DUNCAN DIRECTOR 0.50 0.50 X 0 0 0 STEVEN DURELS DIRECTOR 0.50 0.50 X 0 0 0 DOUGLAS DURST DIRECTOR 0.50 0.50 X 0 0 0 JOHN J GILBERT III DIRECTOR 0.50 0.50 X 0 0 0 DAVID GREENBAUM DIRECTOR 0.50 0.50 X 0 0 0 MARK GROSSICH DIRECTOR 0.50 0.50 X 0 0 0 N RICHARD KALIKOW DIRECTOR 0.50 0.50 X 0 0 0 PETER S KALIKOW CHAIR 0.50 0.50 X X 0 0 0 ANDREW D LEVIN DIRECTOR 0.50 0.50 X 0 0 0 PATRICK LEYDEN DIRECTOR 0.50 0.50 X 0 0 0 JOHN L MASCIALINO DIRECTOR 0.50 0.50 X 0 0 0 PETER L MALKIN DIRECTOR 0.50 0.50 X 0 0 0 DUNCAN MCCUAIG DIRECTOR 0.50 0.50 X 0 0 0 SUSAN MENDIK DIRECTOR 0.50 0.50 X 0 0 0 MARLA MILLER DIRECTOR 0.50 0.50 X 0 0 0 HOWARD P MILSTEIN DIRECTOR 0.50 0.50 X 0 0 0 MAURICE MOINIAN DIRECTOR 0.50 0.50 X 0 0 0 BRUCE NEVINS DIRECTOR 0.50 0.50 X 0 0 0 TRACEY OLIVER DIRECTOR 0.50 0.50 X 0 0 0 LAURA PALOMBO DIRECTOR 0.50 0.50 X 0 0 0 DAVID V POLITANO DIRECTOR 0.50 0.50 X 0 0 0 THOMAS PRENDERGAST DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL J REGAN DIRECTOR 0.50 0.50 X 0 0 0 ABY ROSEN DIRECTOR 0.50 0.50 X 0 0 0 DAVID ROSENBERG DIRECTOR 0.50 0.50 X 0 0 0 NORMAN STURNER DIRECTOR 0.50 0.50 X 0 0 0 GEORGE P TWILL TREASURER 0.50 0.50 X X 0 0 0 JOHN J WHALEN DIRECTOR 0.50 0.50 X 0 0 0 ALAN WIENER DIRECTOR 0.50 0.50 X 0 0 0 BILL DE BLASIO DIRECTOR 0.50 0.50 X 0 0 0 SCOTT STRINGER DIRECTOR 0.50 0.50 X 0 0 0 GALE BREWER DIRECTOR 0.50 0.50 X 0 0 0 DANIEL GARODNICK DIRECTOR 0.50 0.50 X 0 0 0 ALFRED C CERULLO III PRESIDENT 45.00 5.00 X 455320 0 14308 PETER LEMPIN 1ST VICE PRESIDENT 45.00 5.00 X 217803 0 4383 MARC WURZEL ASSISTANT SECRETARY 45.00 5.00 X 194920 0 9657 ROBERT ADINOLFI ASSISTANT TREASURER 45.00 5.00 X 170664 0 29052 ROCHELLE PATRICOF 2ND VICE PRESIDENT 45.00 5.00 X 176636 0 29174 LINDSAY E EASON DIRECTOR OF FIELD OPERATIONS 45.00 5.00 X 128533 0 0 STEVEN SCHWARTZ ASSISTANT COMPTROLLER 45.00 5.00 X 101139 0 11068 1445015 0 97642 7 0 1 0 CITY 1 MAINTENANCE INC 98 4TH ST STE 313 BROOKLYN NY 11231 CONSTRUCTION/MAINTENANCE 600912 E-J ELECTRIC INSTALLATION CO 46-41 VERNON BLVD LONG ISLAND CITY NY 11101 ELECTRICAL CONTRACTING 139104 LITTLER MENDELSON PC PO BOX 45547 SAN FRANCISCO CA 94145 LEGAL SERVICES 114912 ATLANTIC MAINTENANCE CORP 154 CONOVER STREET BROOKLYN NY 11231 SANITATION SERVICES 100177 4 TAX ASSESSMENTS 900099 12709372 12709372 OTHER FEES & CONTRACTS 900099 463635 463635 13173007 308599 308599 400000 146547 253453 253453 253453 417400 418000 -600 -600 -600 13734459 13426460 0 307999 X 1176430 1023243 153187 4739880 4122682 617198 44027 32014 12013 870629 784470 86159 591487 541498 49989 30788 28628 2160 35112 35112 11751 10071 1680 1463204 1399441 63763 543289 513096 30193 846697 408793 437904 465862 465862 1248892 1246716 2176 407891 360573 47318 MAINTENANCE 107435 104056 3379 PROGRAM & OTHER EXPENSE 60645 36151 24494 12644019 11077294 1566725 0 29614 4180127 2842916 76007 100557 297995 247513 38909518 29687759 10537298 9221759 4688486 6467786 273975 249813 20053888 19159958 604220 730638 702484 355359 12979772 11188559 228725 212975 14515201 12487531 X 5538687 6672427 5538687 6672427 20053888 19159958 1090440 43300 0 X 0 1 X 1 0 X 14638 6397 8947 13378 43360 12697426 12709372 12709354 12706984 12709372 63532508 12712064 12715769 12718301 12720362 12709372 63575868 63575868 210872 170178 252223 323821 308599 1265693 71178 1357 21273 93808 64935369 3322096 0.97910 0.97960 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 71,178. 2013 AMOUNT: $ 1,357. 2014 AMOUNT: $ 21,273. 0 11751 11751 12632268 12644019 782201 195550 0 0 788033 791966 778397 782201 3140597 4710896 9689 9247 8756 11751 39443 197008 197992 194599 195550 785149 1177724 0 0 0 0 PAGE 2 - LINES 1B AND 2C WHILE GCP IS NOT ENGAGED IN DIRECT LOBBYING ACTIVITIES, THE AMOUNTS REFLECTED ON SCHEDULE C PAGE 2 IS THE PORTION OF DUES PAID TO OTHER ORGANIZATIONS THAT ENGAGE IN LOBBYING ACTIVITIES. 2338872 1734698 604174 379151 379151 0 36191495 27573910 8617585 9221759 CERTIFICATES OF DEPOSIT 6467786 F 6467786 ACCRUED BOND INTEREST 212975 212975 13777759 43300 43300 13734459 0 13734459 12644019 0 12644019 0 12644019 X X X X 0 0 0 0 0 0 0 0 0 ALFRED C CERULLO III PRESIDENT 430000 0 0 0 25320 0 5300 0 9008 0 469628 0 0 0 PETER LEMPIN 1ST VICE PRESIDENT 217803 0 0 0 0 0 4383 0 0 0 222186 0 0 0 MARC WURZEL ASSISTANT SECRETARY 194920 0 0 0 0 0 0 0 9657 0 204577 0 0 0 ROBERT ADINOLFI ASSISTANT TREASURER 170664 0 0 0 0 0 3567 0 25485 0 199716 0 0 0 ROCHELLE PATRICOF 2ND VICE PRESIDENT 176636 0 0 0 0 0 3689 0 25485 0 205810 0 0 0 A GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC 133520221 38526CCN6 2013-12-18 14886334 FULL BOND DISCLOSURE ON GCPDMA 990 #13-3520221 0 0 0 A 14886334 14692578 193756 2014 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 PETER L MALKIN BOARD DIRECTOR 35182 OUTSIDE SPACE - THE ORGANIZATION LEASES EXTERIOR SPACE FOR SUPPLEMENTAL PUBLIC LIGHTING, AND PAYS ONLY FOR RELATED ELECTRICAL COSTS, ON A COMMERCIAL OFFICE BUILDING RELATED TO A BOARD MEMBER. 0 BILL DE BLASIO BOARD DIRECTOR - IS THE MAYOR OF THE CITY OF NEW YORK 251774 ECO DEV SPACE - THE ORGANIZATION LEASES ECONOMIC DEVELOPMENT SPACE FROM THE CITY OF NEW YORK. 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP TO THE ORGANIZATION OCCURS WITH ELECTION TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT EVERY OTHER ANNUAL MEETING. MEMBERS MAY FILL VACANCIES OR REMOVE A BOARD MEMBER AT ANY ANNUAL OR REGULAR MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11 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, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE CONTRACTORS - SANITATION: PROGRAM SERVICE EXPENSES 103,133. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,133. OUTSIDE CONTRACTORS - EXTERNAL AFFAIRS: PROGRAM SERVICE EXPENSES 150,411. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,411. OUTSIDE CONTRACTORS - DISTRICT-WIDE MAINTENANCE: PROGRAM SERVICE EXPENSES 705,486. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 705,486. OUTSIDE CONTRACTORS - HORTICULTURE: PROGRAM SERVICE EXPENSES 278,713. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278,713. OUTSIDE CONTRACTORS - SOCIAL SERVICES: PROGRAM SERVICE EXPENSES 105,580. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 105,580. OUTSIDE CONTRACTORS - OTHER: PROGRAM SERVICE EXPENSES 2,388. MANAGEMENT AND GENERAL EXPENSES 57,895. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,283. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 53,730. MANAGEMENT AND GENERAL EXPENSES 5,868. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 59,598. SCHEDULE L THE ORGANIZATION LEASES SPACE OWNED BY THE CITY OF NY UNDER THE PERSHING SQUARE VIADUCT WHICH WAS DEVELOPED FOR THE OPERATION OF A RESTAURANT. THE ORGANIZATION PAYS RENT, ADDITIONAL RENT, AND MAKES A PAYMENT IN LIEU OF TAXES (PILOT) TO THE CITY UNDER THE LEASE. REPRESENTATIVES OF THE CITY OF NEW YORK SERVE AS DIRECTORS OF THIS ORGANIZATION. THE ORGANIZATION USES SPACE IN THE MAIN CONCOURSE OF GRAND CENTRAL TERMINAL, AND IN THE GRAND CENTRAL NEIGHBORHOOD ALLIANCE OFFICE THAT IS UNDER THE CONTROL OF THE METROPOLITAN TRANSPORTATION AUTHORITY (MTA). THOMAS PRENDERGAST FROM THE MTA SERVES AS A BOARD MEMBER OF THE ORGANIZATION. ROBERT L BILLINGSLEY, A BOARD MEMBER, IS ALSO A VICE PRESIDENT OF CASSIDY TURLEY, A REAL ESTATE MANAGEMENT FIRM. CASSIDY TURLEY IS THE MANAGING AGENT OF 122 EAST 42ND STREET AND COLLECTS RENT FROM THE ORGANIZATION FOR LEASING THE SPACE FOR OUR EXECUTIVE OFFICES. THE ORGANIZATION, COLLABORATED WITH METROPOLITAN TRANSIT AUTHORITY/METRONORTH RAILROAD TO HELP FINANCE AND INSTALL DECORATIVE LED LIGHTING AND ILLUSTRATIVE SIGNAGE ON PERSHING SQUARE VIADUCT. SCHEDULE R GCP-GCDMA RELATIONSHIP PURSUANT TO A MANAGEMENT AGREEMENT DATED JULY 1991 BETWEEN GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION (GCDMA) AND GRAND CENTRAL PARTNERSHIP (GCP), GCDMA RETAINS GCP TO ADMINISTER THE REQUIRED SUPPLEMENTAL SERVICES, AND TURNS OVER ALL ASSESSMENT REVENUES TO GCP TO FINANCE THE DELIVERY OF SUCH SERVICES IN THE GRAND CENTRAL BUSINESS IMPROVEMENT DISTRICT. GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 133520221 PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUS. IMPROVEMENT DISTRICT. NY 501(C)(3) 170(B)(1) (A)(VI) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION S 12269716 CASH