2015-02-11T15:26:24-06:00 2014-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2013-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CENT 2123106600 14 East 60Th Street Suite New York NY 10022 STEPHEN SPINELLI CHIEF FINANCIAL OFFICER 2123106600 2015-02-12 2013 2016-02-25 16:41:14Z Mr Douglas Blonsky 14 EAST 60TH STREET New York NY 10022 266262429 false X www.centralparknyc.org X 1979 NY TO RESTORE, MANAGE, AND PRESERVE CENTRAL PARK IN PARTNERSHIP WITH THE PUBLIC, FOR THE ENJOYMENT OF PRESENT AND FUTURE GENERATIONS. 48 45 430 890 0 -250 149212210 37496839 10515605 10984560 7321604 11858938 -113407 -268359 166936012 60071978 102475 141781 0 0 24526503 27528652 92000 75000 6590826 20552243 24506658 45273221 52252091 121662791 7819887 339255857 381009294 7369351 9098611 331886506 371910683 X TO RESTORE, MANAGE, AND PRESERVE CENTRAL PARK, IN PARTNERSHIP WITH THE PUBLIC, FOR THE ENJOYMENT OF PRESENT AND FUTURE GENERATIONS. false false 10585547 1692613 Design and construction in connection with the restoration of central park to the splendor as America's First foremost major urban public space. The conservancy has carried out a restoration management plan for the park, managed the capital restoration of much of the park's landscapes and facilities. 20872176 8263680 As an official manager of central park, the conservancy is responsible for the day to day maintenance operation of the park. Activities include: landscape maintenance, playground maintenance, tree care, turf care, and preservation of historic monuments. The conservancy has set new standards in excellence in park care. It has transformed central park into a model for urban parks worldwide. Helping other parks is a natural extension of the conservancy's core mission. 3737311 141781 1028267 The conservancy's public programs take advantage of the invaluable resources in central park each year providing education, recreation, and volunteer programs that serve children, teenagers, adults, families, community organizations, and schools. In addition, the conservancy provides visitor services at the five centers in the park: Charles A. Dana Discovery Center, North Meadow Recreation Center, Belvedere Castle, Dairy Visitor Center and gift shop, and chess and checkers house. 2499000 37694034 true true false false false false false false false true true true false false true true true false false false true false false true true false false true false true false false false false false false false true true false false false false false false false false true X 163 0 true 430 true false true CJ UK EI false false false true true false false false false X 48 45 true false false false false false false true true false false true true true true true true true true false AL AK AZ AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X STEPHEN SPINELLI 2123106600 14 EAST 60TH STREET New York NY 10022 X Ms Judy Hart Angelo Trustee 1.0 X 0 0 0 Ms Elizabeth Atwood Trustee 1.0 X 0 0 0 Ms Jane Bayard Vice Chair 1.0 X X 0 0 0 Mrs Candice Bergen Trustee (Retired) 1.0 X 0 0 0 Mr Jeff T Blau Trustee 1.0 X 0 0 0 Mr Douglas Blonsky CEO & Park Admin 35.0 X X 624731 0 32004 Hon Gale A Brewer Ex-Officio 1.0 X 0 0 0 Mrs Judy Carson Trustee 1.0 X 0 0 0 Mr Richard M Cashin Trustee 1.0 X 0 0 0 Mr Howard L Clark Jr Trustee (Retired) 1.0 X 0 0 0 Ms Suzanne Cochran Trustee 1.0 X 0 0 0 Mr Martin Cohen trustee 1.0 X 0 0 0 Ms Norma T Dana Trustee 1.0 X 0 0 0 Mr Richard Gilder Trustee 1.0 X 0 0 0 Mr Bennett Goodman Trustee 1.0 X 0 0 0 Mr Michael Grobstein Treasurer 1.0 X X 0 0 0 Ms Anne Harrison Ex-Officio (Retired) 1.0 X 0 0 0 Mr William B Harrison Jr Trustee (Retired) 1.0 X 0 0 0 Mr Kenneth H Heitner Esq Secretary & General Counsel 1.0 X X 0 0 0 Ms Jane Heller Trustee 1.0 X 0 0 0 Ms Amabel James Trustee 1.0 X 0 0 0 Mr Thomas L Kempner Jr Board Chairman 1.0 X X 0 0 0 Mr Jonathan Korngold Trustee 1.0 X 0 0 0 Mrs Sheila Labrecque Trustee 1.0 X 0 0 0 Ms Jill Lafer Trustee 1.0 X 0 0 0 Mrs Carol Sutton Lewis trustee 1.0 X 0 0 0 Mr Robert C Lieber Trustee 1.0 X 0 0 0 Mr Jay P Mandelbaum Trustee 1.0 X 0 0 0 Mrs Karen T May EX-OFFICIO 1.0 X 0 0 0 Mrs Leni May Trustee 1.0 X 0 0 0 Mr Eugene Mercy Jr Trustee 1.0 X 0 0 0 Mrs Lynden B Miller Trustee 1.0 X 0 0 0 Mrs Gillian Miniter Trustee 1.0 X 0 0 0 Mr John Paulson Trustee 1.0 X 0 0 0 Ms Deborah Roberts Trustee 1.0 X 0 0 0 Mr Joe L Roby Trustee 1.0 X 0 0 0 Mr Eric C Rudin Trustee 1.0 X 0 0 0 Mrs Sigrid Schafer Trustee 1.0 X 0 0 0 Mrs Donna Schwartz Trustee 1.0 X 0 0 0 Mr Norman C Selby Trustee 1.0 X 0 0 0 Mr Alfred J Shuman Trustee 1.0 X 0 0 0 Hon Mitchell J Silver EX-OFFICIO 1.0 X 0 0 0 Hon Scott Stringer Ex-Officio (Retired) 1.0 X 0 0 0 Mr AJC Smith TRUSTEE 1.0 X 0 0 0 Mr Donald Smith Trustee 1.0 X 0 0 0 Ms Elizabeth W Smith Trustee 1.0 X 0 0 0 Mr Michael A Steinberg Trustee 1.0 X 0 0 0 Mr John Steinhardt Trustee 1.0 X 0 0 0 Ms Erana M Stennett Trustee 1.0 X 0 0 0 Mr John Stossel Trustee 1.0 X 0 0 0 Mr Stuart Subotnick Trustee 1.0 X 0 0 0 Mrs Patsy Tarr Trustee 1.0 X 0 0 0 Ms Mary Wallach Trustee 1.0 X 0 0 0 Ms Veronica White Ex-Officio (Retired) 1.0 X 0 0 0 Mr Stephen Spinelli CFO and VP for Administration 35.0 X 347467 0 40279 Mr Neil Calvanese VP for Operations 35.0 X 258332 0 30627 Mr Christopher Nolan VP for Planning, Desig & Const 35.0 X 298142 0 41251 Ms Terri Lynn Coppersmith VP for Visitor Experience 35.0 X 274381 0 34417 Ms Kathryn Ortiz Controller 35.0 X 173622 0 31098 Mr Frank Locastro VP for Operations Management 35.0 X 216719 0 32703 Ms Laura Hall VP for Dev, WC & Special Event 35.0 X 242456 0 17627 Ms Jane McIntosh VP for Philanthropy 35.0 X 93042 0 10377 Mr Russell Fredericks Chief of Operations 35.0 X 156262 0 21428 Mr Lane N Addonizio Assoc. VP for Planning 35.0 X 155068 0 11585 Ms Sara C Miller Assoc. VP for Park Info & Hist 35.0 X 150606 0 27376 Ms Andrea N Sexton Chief of Staff 35.0 X 122955 0 25267 Ms Abigail D Healy Assoc VP for Development 35.0 X 128591 0 22276 3242374 0 378315 25 false true false MSM EMPIRE CONSTRUCTION CORP 128 ROSELLE STREET MINEOLA NY 11501 CONSTRUCTION 2218127 Almstead Tree Co 58 Beechwood Avenue NEW ROCHELLE NY 10801 Tree Services 1512841 UA Construction Corp 267 Hurton Street BROOKLYN NY 11222 construction 1442469 FGI Corp 1901 Amethyst Street BRONX NY 10462 construction 506094 Landscape Forms PO Box 78000 DETROIT MI 482780073 Industrial Fabricato 584378 55 4965397 32531442 1911843 37496839 PROGRAM FEES 713990 965567 965567 GARDEN RENTAL FEES 713990 62700 62700 CONTRACT REVENUE 713990 8263680 8263680 PROJECT REVENUE 713990 1692613 1692613 10984560 4721588 4721588 0 0 0 0 0 212006000 204868650 7137350 7137350 7137350 355085 4965397 1060000 -704915 -704915 0 698357 261801 436556 436556 0 60071978 10921860 11653279 141781 141781 0 0 0 2528892 931313 987700 609879 0 18865053 14586756 1953595 2324702 1232340 848815 200035 183490 3685178 2589230 554018 541930 1217189 902029 157580 157580 0 0 135648 135648 0 75000 75000 2269621 2269621 3120646 1694725 735222 690699 84276 5515 46295 32466 4330156 3465032 33101 832023 0 0 1547317 601120 299190 647007 44139 32372 5041 6726 0 121126 72622 22926 25578 0 0 908392 586452 220035 101905 417311 327225 36952 53134 CONSTRUCTION AND DESIGN 6260372 6260372 EQUIPMENT AND MAINTENANCE 1700835 1698815 338 1682 LANDSCAPE 1772906 1772906 PRINTING AND PUBLICATIONS 372209 241239 31707 99263 1421704 935715 278227 207762 52252091 37694034 7967231 6590826 6039579 8421005 21250704 35821033 62385100 44031830 8083766 8532488 0 0 0 0 0 0 146252 250640 743656 829275 9990170 5693161 3963894 4297009 172717943 173380982 62005000 103217849 0 0 0 0 1919963 2227183 339255857 381009294 4732310 6176554 0 0 150000 150000 0 0 0 0 0 0 0 0 0 0 2487041 2772057 7369351 9098611 X 78407426 82220377 168220473 200983873 85258607 88706433 331886506 371910683 339255857 381009294 X 7819887 32265080 -60790 X false true X true false X 32399034 33376498 32245249 49212210 37496839 184729830 0 484681 492377 417771 277761 248063 1920653 32883715 33868875 32663020 49489971 37744902 186650483 2704322 183946161 1730002 1171252 1227336 4293482 4721588 13143660 0 18229 89416 2820 371 110836 199904979 148081777 0.92017 0.92545 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 176165313 2002000 28082000 6295000 199954313 134419313 33210000 14858000 6322000 176165313 146695313 1853000 -7796000 6333000 134419313 125201313 2215000 24248000 4969000 146695313 119488788 4276230 5422776 3986481 125201313 0.28290 0.44370 0.27340 false false 1826825 0 1826825 6944205 5693161 1251044 1219140 0 1219140 4297009 LIMITED PARTNERSHIPS 103217849 F 103217849 0 DEFERRED GIFT ANNUITY LIABILIT 696359 DEFERRED COMPENSATION PLAN 457 1069202 DEFERRED COMPENSATION 1006496 2772057 X 90971986 32265080 703538 -60790 32907828 58064158 2269621 -261801 2007820 60071978 50947809 703538 703538 50244271 2269621 -261801 2007820 52252091 Form 990, Schedule D, Part X FIN 48: THE CONSERVANCY FOLLOWS ASU NO. 2009-06, IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE AMENDMENTS FOR NONPUBLIC ENTITIES (ASU 2009-06), IN CONJUNCTION WITH ITS ADOPTION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (NOW INCLUDED IN ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740-10, INCOME TAXES - OVERALL). THE CONSERVANCY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE CONSERVANCY'S EXEMPT PURPOSE IS SUBJECT TO TAX. THE CONSERVANCY DID NOT HAVE ANY UNRELATED BUSINESS INCOME TAX LIABILITY FOR THE YEARS ENDING JUNE 30, 2014 AND 2013. Form 990, Schedule D, Part V Endowments: The conservancy endowment funds are available to support the following purposes: Horticulture, Maintenance, Preservation, Visitor Services and Public Programs, and General Programs of the Conservancy. FORM 990, SCHEDULE D, PART XI, LINE 8 AND PART XII, LINE 2D OTHER REVENUE (GAIN): CHANGE IN SPLIT INTEREST ($60,790). FORM 990, SCHEDULE D, PART XII, LINE 4b and PART XIII, LINE 2d Other Expenses: Cost of goods sold included in expenses for financial statement reporting that have been included in revenue for Form 990, Part VIII, Line 10b: $261,801. Central America and the Caribbean Investments 71961021 Europe (Including Iceland and Greenland) Investments 9786822 81747843 81747843 false false false false true false SCHEDULE F, PART I, LINE 3 Foreign Investments: The Organization maintains investments in foreign partnerships such as the Cayman Islands, Ireland, and Europe. All related filings for these investments are completed appropriately and timely filed. X X X X X X true Lukens Company 2800 Shirlington Road Arlington VA 22206 Prof Fundraiser false 4807432 75000 4732832 4807432 75000 4732832 AL AK AZ AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI FLO Luncheon 3257858 3042258 215600 401619 Fall Gala 984249 904564 79685 371338 2 1078375 1018575 59800 287043 5320482 4965397 355085 1060000 1060000 -704915 true Central Park Medical Unit PO Box 440 New York NY 10028 112516283 501(c)(3) 30000 Program Support Museum for the City of New York 1220 Fifth Avenue New York NY 10029 131624098 501(c)(3) 25000 Program Support Black Rock Forest Consortium 129 Continental Road Cornwall NY 12518 133536463 501(c)(3) 15606 PROGRAM SUPPORT Columbia Trustees PO Box 29789 NEW YORK NY 100879789 133559809 501(c)(3) 15000 Program support Macaulay Honors College 35 W 67th Street New York NY 10023 020534583 501(c)(3) 10000 Program support City Parks Alliance 121 Avenue of the Americas New York NY 10013 800015566 501(c)(3) 10000 Program support New Yorkers for Parks 457 Madison Avenue New York NY 10022 136167879 501(c)(3) 10000 Program Support National Association for Olmsted parks 1111 16th Street NW Washington DC 20036 133052765 501(c)(3) 6000 Program support 8 0 FORM 990, SCHEDULE I, PART I, LINE 2 The Conservancy provides assistance to a small number of mission related organizations with which it partners with. The grants are determined and administered in conformance with our collaborative non-profit support policy. X X X X X false false false false false false false false false Mr Douglas Blonsky CEO & Park Admin 624731 0 0 0 0 0 30000 0 2004 0 656735 0 0 0 Mr Stephen Spinelli CFO and VP for Administration 347467 0 0 0 0 0 30000 0 10279 0 387746 0 0 0 Mr Neil Calvanese VP for Operations 258332 0 0 0 0 0 30000 0 627 0 288959 0 0 0 Mr Christopher Nolan VP for Planning, Desig & Const 298142 0 0 0 0 0 30000 0 11251 0 339393 0 0 0 Ms Terri Lynn Coppersmith VP for Visitor Experience 274381 0 0 0 0 0 30000 0 4417 0 308798 0 0 0 Ms Kathryn Ortiz Controller 173622 0 0 0 0 0 25614 0 5484 0 204720 0 0 0 Mr Frank Locastro VP for Operations Management 216719 0 0 0 0 0 28342 0 4361 0 249422 0 0 0 Ms Laura Hall VP for Dev, WC & Special Event 242456 0 0 0 0 0 14663 0 2964 0 260083 0 0 0 Mr Russell Fredericks Chief of Operations 156262 0 0 0 0 0 15052 0 6379 0 177693 0 0 0 Mr Lane N Addonizio Assoc. VP for Planning 155068 0 0 0 0 0 5209 0 6376 0 166653 0 0 0 Ms Sara C Miller Assoc. VP for Park Info & Hist 150606 0 0 0 0 0 21000 0 6376 0 177982 0 0 0 Ms Abigail D Healy Assoc VP for Development 128591 0 0 0 0 0 15900 0 6376 0 150867 0 0 0 Form 990, Schedule J, Part I, Question 3 The compensation and management development committee which is comprised of independent members of the governing board engaged independent expert compensation consultants to evaluate executive compensation levels and establish peer group based benchmarks related to the organization's mission. Trustees routinely evaluate management performance and compensation to ensure that the compensation process is appropriate and designed to attract and retain the best talent in the industry. The committee documents compensation determinations in the committee minutes. Marvin Schwartz Spouse-D Schwartz Trustee 51721 Investment Management Fees false John Paulson Trustee 2404308 Investment Management Fees false X 67 1911843 FMV false true false Form 990, Part VI, Line 11A Review of Form 990: Central park conservancy's form 990 was prepared by EisnerAmper, LLP, the independent tax preparer, based on information provided by the organization's finance and management personnel. ON FEBRUARY 3, 2015, EisnerAmper LLP met with the CONSERVANCY'S CHAIRMAN, TREASURER, CHAIRMAN OF THE AUDIT COMMITTEE, Chairman of the Finance Committee, and Management tO REVIEW THE FORM 990. SUBSEQUENTLY, THE 990 WAS PROVIDED TO THE BOARD for review prior to filing the return with the IRS. Form 990, Part VI, Line 12C Conflict of Interest Policy: The Central Park Conservancy ratifies the conflict of interest policy annually. Each trustee, officer, and key employee is required to sign a copy of the policy and provide a certified acknowledgement that they have read and disclosed any conflicts. Copies of these signed policies along with trustee disclosures are kept on file at the central park conservancy's offices. Form 990, Part VI, Line 15 Compensation: The compensation and management development committee which is comprised of independent members of the governing board engaged independent expert compensation consultants to evaluate executive compensation levels and establish peer group based benchmarks related to the organization's mission. Trustees routinely evaluate management performance and compensation to ensure that the compensation process is appropriate and designed to attract and retain the best talent in the industry. The committee documents compensation determinations in the committee minutes. Form 990, Part VI, Line 9 Governing Documents: The by-laws, annual reports, audited financial statements, IRS Form 990 documents, conflict of interest policy and privacy policy of the central park conservancy are all available online at www.centralparknyc.org. Form 990, Part VI, Line 2 Board Relationships: A relationship questionnaire is distributed to the Conservancy's Board of Trustees on an annual basis. The following trustees disclosed inter-board relationships during fiscal-year 2014: 1. Ms. Jane Heller business relationship with Ms. Judy Hart Angelo & Ms. Leni May. 2. Mr. Howard L. Clark Jr. Family relationship with Ms. Jean Clark 3. Mrs. Donna Schwartz family relationship with one of the Conservancy's portfolio managers, Mr. Marvin Schwartz. 4. Mrs. Anne Harrison family relationship w/ Mr. William B.Harrison Jr. Form 990 Part XI, Line 9 Other Changes in net assets: CHANGE IN SPLIT INTEREST ($60,790). Form 990, Part III, Line 4d Program Services: Central Park Conservancy Institute for Urban Parks is the educational arm of Central Park Conservancy. The Institute develops programs designed to foster a deeper appreciation for urban parks and shares the Conservancy's world-class management and stewardship practices. Through the Institute for Urban Parks, Central Park Conservancy is training and teaching urban park professionals and park stewards, globally. Locally, through the Institute, Central Park Conservancy is working alongside NYC Parks' and Recreation staff in other parks throughout the five boroughs to share our best practices in park management with them and the volunteers that support them.