2016-05-19T15:54:37-05:00 2015-06-30 113518842 MARKS PANETH LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2014-07-01 272846763 BROOKLYN BRIDGE PARK CORPORATION BROO 7182229939 334 FURMAN STREET BROOKLYN NY 11201 REGINA MYER PRESIDENT 7182229939 2016-05-19 1 ROBERT LYONS P00227472 2125038800 2016-05-10 2014 2016-08-17 19:52:53Z BROOKLYN BRIDGE PARK REGINA MYER 334 FURMAN STREET BROOKLYN NY 11201 64279100 0 X WWW.BROOKLYNBRIDGEPARK.ORG X 2010 NY THE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK ("BBP OR THE "CORPORATION"), IS THE ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85-ACRE SUSTAINABLE WATERFRONT PARK STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. THE CORPORATION'S MISSION IS TO CREATE AND MAINTAIN A WORLD CLASS PARK THAT IS A RECREATIONAL, ENVIRONMENTAL AND CULTURAL DESTINATION ENJOYED BY THE RESIDENTS OF, AND VISITORS TO, NEW YORK CITY. THE CORPORATION OPERATES UNDER A MANDATE, EMBODIED BY ITS GENERAL PROJECT PLAN, TO BE FINANCIALLY SELF-SUSTAINING, WHICH INCLUDES THE ACTIVATION OF CERTAIN DEVELOPMENT SITES WITHIN THE PROJECT'S FOOTPRINT. 15 15 57 20 0 0 39441550 30409272 42444583 33828737 30244 34794 15953 6297 81932330 64279100 9200000 0 0 0 2785436 3446458 0 0 0 7307237 9557758 19292673 13004216 62639657 51274884 220532758 268749861 32947004 29889223 187585754 238860638 X THE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK ("BBP OR THE "CORPORATION"), IS THE ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85-ACRE SUSTAINABLE WATERFRONT PARK STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. THE CORPORATION'S MISSION IS TO CREATE AND MAINTAIN A WORLD CLASS PARK THAT IS A RECREATIONAL, ENVIRONMENTAL AND CULTURAL DESTINATION ENJOYED BY THE RESIDENTS OF, AND VISITORS TO, NEW YORK CITY. THE CORPORATION OPERATES UNDER A MANDATE, EMBODIED BY ITS GENERAL PROJECT PLAN, TO BE FINANCIALLY SELF-SUSTAINING, WHICH INCLUDES THE ACTIVATION OF CERTAIN DEVELOPMENT SITES WITHIN THE PROJECT'S FOOTPRINT. 0 0 10296399 33828737 PARK OPERATIONS AND DEVELOPMENT:IN JULY 2014, CONSTRUCTION BEGAN AT 99 PLYMOUTH. THE FORMER NYC DEPARTMENT OF ENVIRONMENTAL PROTECTION MAINTENANCE BUILDING HAS BEEN ADAPTED FOR PARK USE AND PROVIDES COMMUNITY SPACE, AN ENVIRONMENTAL EDUCATION CENTER, AND PUBLIC RESTROOMS. IN JULY 2014, BBP CONDUCTED ITS ANNUAL PARK VISITOR COUNT. BBP ESTIMATES THAT OVER 119,000 VISITORS COME TO THE PARK ON AN AVERAGE SUMMER WEEKEND. WEEKDAY ATTENDANCE IS ESTIMATED AT 25,000 VISITORS PER DAY.IN AUGUST 2014, ALLOY DEVELOPMENT LLC, IN CONJUNCTION WITH MONADNOCK DEVELOPMENT LLC, BEGAN CONSTRUCTION AT THE JOHN STREET DEVELOPMENT SITE. THE RESIDENTIAL DEVELOPMENT WILL INCLUDE APPROXIMATELY 42 RESIDENTIAL UNITS, GROUND FLOOR RETAIL, AND CULTURAL SPACE WHICH WILL BE OCCUPIED BY THE FIRST ANNEX OF THE BROOKLYN'S CHILDREN'S MUSEUM. IN JUNE 2015, EDGEWATER RESOURCES LLC BEGAN CONSTRUCTION OF THE BBP MARINA. THE PLAN ALLOWS FOR 102 SLIPS ON FOUR MAIN FLOATING DOCKS, AND FEATURES A ROBUST COMMUNITY BOATING PROGRAM THAT WILL INCLUDE FREE AND LOW-COST YOUTH BOATING PROGRAMS, AND AT LEAST 150 HOURS ANNUALLY OF FREE PROFESIONAL KAYAK INSTRUCTION. THE MARINA WILL FURTHER BBP'S GOAL OF PROMOTING RECREATIONAL BOATING AND ON-WATER EDUCATIONAL PROGRAMMING. 10296399 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 9 0 57 1 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X JELANI WATKINS - CHIEF FINANCIAL OF 7187246443 334 FURMAN STREET BROOKLYN NY 11201 ALICIA GLEN CHAIR 1.00 X X 0 0 0 MARGARET ANADU BOARD MEMBER 1.00 X 0 0 0 PETER ASCHKENASY BOARD MEMBER 1.00 X 0 0 0 STEVEN M COHEN BOARD MEMBER 1.00 X 0 0 0 MARTIN CONNOR BOARD MEMBER 1.00 X 0 0 0 HENRY B GUTMAN BOARD MEMBER 1.00 X 0 0 0 EDNA WELLS HANDY BOARD MEMBER 1.00 X 0 0 0 SHARI HYMAN BOARD MEMBER 1.00 X 0 0 0 PTHARA JEPPE BOARD MEMBER 1.00 X 0 0 0 KYLE KIMBALL BOARD MEMBER (FORMER) 1.00 X 0 0 0 STEPHEN LEVIN BOARD MEMBER 1.00 X 0 0 0 STEPHEN MERKEL BOARD MEMBER 1.00 X 0 0 0 DAVID G OFFENSEND BOARD MEMBER 1.00 X 0 0 0 ZEESHAN OTT BOARD MEMBER 1.00 X 0 0 0 JOHN RASKIN BOARD MEMBER (FORMER) 1.00 X 0 0 0 MITCHELL SILVER BOARD MEMBER 1.00 X 0 0 0 DANIEL E SIMMONS BOARD MEMBER (FORMER) 1.00 X 0 0 0 NANETTE SMITH BOARD MEMBER (FORMER) 1.00 X 0 0 0 ANNE STRAHLE BOARD MEMBER (FORMER) 1.00 X 0 0 0 JOANNE WITTY VICE CHAIR 1.00 X X 0 0 0 REGINA MYER PRESIDENT 35.00 X 201792 0 49590 RAAFAT OSMAN TREASURER/CFO (AS OF 3/2/15) 35.00 X 0 0 0 CEDRIC GADDY TREASURER/CFO (THROUGH 12/4/14) 35.00 X 46407 0 23569 SUMA MANDEL SECRETARY/GENERAL COUNSEL 35.00 X 119131 0 30337 DAVID LOWIN VP REAL ESTATE DEVELOPMENT 35.00 X 142227 0 45043 JEFFREY SANDGRUND VICE PRESIDENT - OPERATIONS 35.00 X 136300 0 23657 PATRICIA KIRSHNER VP OF CAPITAL PROJECTS 35.00 X 132146 0 8204 778003 0 180400 5 0 1 0 TURNER CONSTRUCTION COMPANY 375 HUDSON STREET NEW YORK NY 10014 CONSTRUCTION 20419249 KELCO LANDSCAPING AND CONSTRUCTION 40 AUSTIN BOULEVARD COMMACK NY 11725 CONSTRUCTION 7287275 D'ONOFRIO GENERAL CONTRACTORS CORP 202 28TH STREET BROOKLYN NY 11232 CONSTRUCTION 2741336 MICHAEL VAN VALKENBURGH ASSOCIATES INC 16 COURT STREET 11TH FLOOR BROOKLYN NY 11241 ARCHITECT 2207696 STALCO CONSTRUCTION INC 1316 MOTOR PARKWAY ISLANDIA NY 11749 CONSTRUCTION 1465707 16 30409272 30409272 GROUND LEASE RENT 531390 19518227 19518227 PMTS. IN LIEU OF TAXES 531390 12508122 12508122 PERMITS AND OTHER FEES 531390 1623892 1623892 PARKING FEES 531390 178496 178496 33828737 34794 34794 OTHER INCOME 900099 6297 6297 6297 64279100 33828737 0 41091 X 556839 190687 366152 2143156 1105636 1037520 82410 41741 40669 397076 200133 196943 266977 126456 140521 218260 218260 30063 30063 1302558 960754 341804 252758 202470 50288 22617 16486 6131 5588500 5434358 154142 99958 97201 2757 REPAIRS AND MAINTENANCE 657695 657695 SECURITY 582684 582684 UTILITIES 368086 357933 10153 EQUIP. RENTAL/PURCHASES 300624 281176 19448 133955 40989 92966 13004216 10296399 2707817 0 40096028 58938622 30552644 25203751 264833 714386 1458 42510 197816792 13966200 149617795 183850592 220532758 268749861 8320681 7803078 22990455 19999124 1635868 2087021 32947004 29889223 X 0 0 149617795 183850592 37967959 55010046 187585754 238860638 220532758 268749861 51274884 0 X 0 1 X 1 0 X 42593280 40503633 44188548 39441550 30409272 197136283 42593280 40503633 44188548 39441550 30409272 197136283 12956782 184179501 30774 31104 41082 30244 34794 167998 1620 52003 230781 15953 6297 306654 197610935 91756919 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE AND OTHER FEES - 2011 AMOUNT: $ 33,843. 2012 AMOUNT: $ 70,874. 2013 AMOUNT: $ 15,767. MISCELLANEOUS INCOME - 2010 AMOUNT: $ 1,620. 2011 AMOUNT: $ 18,160. 2012 AMOUNT: $ 1,436. 2013 AMOUNT: $ 186. 2014 AMOUNT: $ 6,297. INSURANCE PROCEEDS - 2012 AMOUNT: $ 158,471. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24159775 1008750 23151025 905738 485352 420386 172751279 12472098 160279181 183850592 OTHER POSTEMPLOYMENT BENEFITS OBLIGATION 63098 SECURITY DEPOSITS 2023923 2087021 64279100 0 64279100 0 64279100 13004216 0 13004216 0 13004216 X 0 0 0 0 0 0 0 0 0 REGINA MYER PRESIDENT 201792 0 0 0 0 0 26587 0 23003 0 251382 0 0 0 DAVID LOWIN VP REAL ESTATE DEVELOPMENT 142227 0 0 0 0 0 19402 0 25641 0 187270 0 0 0 JEFFREY SANDGRUND VICE PRESIDENT - OPERATIONS 136300 0 0 0 0 0 15441 0 8216 0 159957 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) NINE DIRECTORS, AT LEAST THREE OF WHOM SHALL BE EX OFFICIO DIRECTORS; (II) FOUR DIRECTORS, AT LEAST TWO OF WHOM SHALL BE COMMUNITY REPRESENTATIVES, UPON THE NOMINATION OF THE GOVERNOR OF THE STATE OF NEW YORK; (III) ONE DIRECTOR UPON THE NOMINATION OF THE STATE ASSEMBLY MEMBER, 52ND DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (IV) ONE DIRECTOR UPON THE NOMINATION OF THE STATE SENATOR, 25TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (V) ONE DIRECTOR UPON THE NOMINATION OF A MEMBER OF THE NEW YORK CITY COUNCIL TO BE DESIGNATED BY THE SPEAKER OF THE NEW YORK CITY COUNCIL; AND (VI) ONE DIRECTOR UPON THE NOMINATION OF THE PRESIDENT OF THE BROOKLYN BOROUGH. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE BBP AUDIT AND FINANCE COMMITTEE PRIOR TO FILING THE FORM. ONCE REVIEWED BY THE COMMITTEE, THE FORM 990 WILL BE DISTRIBUTED TO THE FULL BOARD FOR ITS REVIEW AND COMMENT, ALSO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BBP MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY REQUIRING EACH DIRECTOR TO COMPLETE A CONFLICT DISCLOSURE STATEMENT PROMPTLY AFTER APPOINTMENT AND ANNUALLY THEREAFTER. THE POLICY PROVIDES THAT IF A DIRECTOR VIOLATES ANY OF THE PROVISIONS OF THE POLICY, SUCH DIRECTOR SHALL BE SUBJECT TO AN APPROPRIATE REMEDY UNDER THE CIRCUMSTANCES, AND IN ADDITION TO ANY PENALTY CONTAINED IN ANY PROVISION OF LAW, THE DIRECTOR MAY BE SUBJECT AT THE BOARD'S DISCRETION, TO REMOVAL FOR CAUSE. OFFICERS OF THE CORPORATION ARE ALSO SUBJECT TO THE RESTRICTIONS SET FORTH IN CHAPTER 68 OF THE CITY CHARTER, WHICH IS THE CITY CONFLICT OF INTEREST POLICY. ADDITIONALLY, BBP COMPLIES WITH NEW YORK CITY CONFLICTS OF INTEREST BOARD ("COIB") REQUIREMENTS. BBP EMPLOYEES WHO MEET THE CRITERIA MUST FILE ANNUAL COIB FORMS; MEMBERS OF BBP'S BOARD OF DIRECTORS ARE ALSO REQUIRED TO COMPLY WITH COIB AND TO FILE ANNUAL COIB FORMS OR EQUIVALENT NEW YORK STATE FORMS. FORM 990, PART VI, SECTION B, LINE 15 THE SENIOR MANAGEMENT OF THE CORPORATION INCLUDES THE PRESIDENT, GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER. THE COMPENSATION OF THE PRESIDENT SHALL BE DETERMINED CONSIDERING FACTORS SUCH AS SKILL, EXPERIENCE, PAST PERFORMANCE, AND WORK HISTORY. THE COMPENSATION OF OTHER SENIOR MANAGEMENT STAFF SHALL BE DETERMINED BY THE PRESIDENT, CONSIDERING FACTORS SUCH AS EMPLOYEE SKILL, EXPERIENCE, PAST PERFORMANCE, WORK HISTORY AND POSITION. FORM 990, PART VI, SECTION C, LINE 19 BBP'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE AND ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING AND OTHER FEES: PROGRAM SERVICE EXPENSES 960,754. MANAGEMENT AND GENERAL EXPENSES 341,804. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,302,558.