2014-02-12T12:53:11-06:00 2013-06-30 EISNERAMPER LLP 750 THIRD AVENUE NEW YORK NY 100172703 990 2012-07-01 133022855 Central Park Conservancy Inc % STEPHEN SPINELLI CENT 2123106600 14 East 60Th Street Suite New York NY 10022 stephen spinelli 2123106600 2014-02-12 true 2129498700 2012 2015-11-30 17:44:51Z Mr Douglas Blonsky 14 EAST 60TH STREET New York NY 10022 376863036 false X www.centralparknyc.org X 1979 NY To restore, manage, and enhance central park, in partnership with the public, for the enjoyment of present and future generations. 48 45 318 845 0 -250 32245249 149212210 10528249 10515605 4705029 7321604 -195964 -113407 47282563 166936012 98672 102475 0 0 23074627 24526503 138250 92000 5919281 17004783 20552243 40316332 45273221 6966231 121662791 216837164 339255857 6712736 7369351 210124428 331886506 TO RESTORE, MANAGE, AND PRESERVE CENTRAL PARK, IN PARTNERSHIP WITH THE PUBLIC, FOR THE ENJOYMENT OF PRESENT AND FUTURE GENERATIONS. false false 8191147 4596369 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. In 2012, the projects of note included the restoration of the lake and the landscapes from the metropolitan museum of art to the Harlem Meer. 20157518 5813677 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. 4697348 102475 105559 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. 33046013 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 134 0 true 318 true false true CJ EI UK 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 STEPHEN SPINELLI 2123106600 14 EAST 60TH STREET New York NY 10022 X Ms Judy Hart Angelo 1.0 X Ms Elizabeth Atwood 1.0 X Ms Jane Bayard 1.0 X X Mr Adrian Benepe 1.0 X Mrs Candice Bergen 1.0 X Mr Jeff T Blau 1.0 X Mr Douglas Blonsky 35.0 X X 537293 0 32004 Mrs Judy Carson 1.0 X Mr Richard M Cashin 1.0 X Mr Howard L Clark Jr 1.0 X Ms Suzanne Cochran 1.0 X MR MARTIN COHEN 1.0 X 0 0 0 Ms Judith-Ann Corrente 1.0 X Ms Norma T Dana 1.0 X Mr Gordon J Davis Esq 1.0 X Ms Diana DiMenna 1.0 X Mr Richard Gilder 1.0 X Mr Michael Grobstein 1.0 X X Mrs Anne Harrison 1.0 X Mr William B Harrison Jr 1.0 X Mr Kenneth H Heitner Esq 1.0 X X Ms Jane Heller 1.0 X MS AMABEL JAMES 1.0 X 0 0 0 Mr Thomas L Kempner Jr 1.0 X X MR JONATHAN KORNGOLD 1.0 X 0 0 0 Mrs Sheila Labrecque 1.0 X Ms Jill Lafer 1.0 X Ms Carol Sutton Lewis 1.0 X 0 0 0 Mr William M Lewis Jr 1.0 X Mr Robert C Lieber 1.0 X Mr Jay P Mandelbaum 1.0 X Mrs Leni May 1.0 X Mr Eugene Mercy Jr 1.0 X Mrs Lynden B Miller 1.0 X Ms Gillian Miniter 1.0 X Mr John Paulson 1.0 X Mr Joe L Roby 1.0 X Mr Eric C Rudin 1.0 X Mrs Sigrid Schafer 1.0 X Mrs Donna Schwartz 1.0 X Mr Norman C Selby 1.0 X Mr AJC Smith 1.0 X Mr Donald Smith 1.0 X Mr Michael A Steinberg 1.0 X Mr John Steinhardt 1.0 X Ms Erana M Stennett 1.0 X Mr John Stossel 1.0 X Honorable Scott Stringer 1.0 X Mr Stuart Subotnick 1.0 X Mrs Patsy Tarr 1.0 X Ms Mary Wallach 1.0 X Mr Strauss Zelnick 1.0 X Ms Veronica White 1.0 X Mr Stephen Spinelli 35.0 X 312914 0 40279 Mr Neil Calvanese 35.0 X 234074 0 29881 Mr Christopher Nolan 35.0 X 270015 0 41251 Ms Terri Coppersmith 35.0 X 257091 0 34417 Ms Kathryn Ortiz 35.0 X 169302 0 30839 Mr Frank Locastro 35.0 X 210019 0 16851 Ms Laura Hall 35.0 X 221986 0 14061 Ms Lynn Rothstein 35.0 X 202678 0 17013 MR RUSSELL FREDRICKS 35.0 X 173847 0 14583 MS EMILY CAREY 35.0 X 125827 0 12418 MS LANE ADDONIZIO 35.0 X 150282 0 12374 MS ABIGAIL HEALY 35.0 X 144154 0 12288 MS BETH HASKELL 35.0 X 142890 0 12787 3152372 0 321046 22 false true false EMERALD TREE CARE 26 FOX MEADOW ROAD SCARSDALE NY 10583 TREE CARE 306869 LANDOR ASSOCIATES 15889 COLLECTIONS CENTER DRIVE CHICAGO IL 606930158 industrial design 242995 MSM EMPIRE CONSTRUCTION CORP 128 ROSELLE STREET MINEOLA NY 11501 CONSTRUCTION 265924 Tom's Truck Sales LLC 8620 Quarry Road MANASSAS VA 20110 SALES 210720 ABIGAIL KIRSCH CULINARY PRODUCTS 81 HIGHLAND AVENUE TARRYTOWN NY 10591 CULINARY 165875 14 4510904 144701306 1197865 149212210 PROGRAM FEES 713990 31985 31985 GARDEN RENTAL FEES 713990 73574 73574 CONTRACT REVENUE 713990 5813677 5813677 PROJECT REVENUE 713990 4596369 4596369 10515605 4293482 4293482 0 0 0 0 0 212006000 208977878 3028122 3028122 3028122 375205 4510904 685000 -309795 -309795 0 460163 264146 196017 196017 MISCELLANEOUS 900099 371 371 371 166936012 10442031 7281771 102475 102475 0 0 0 2173756 826465 907151 440140 0 17084455 12993030 1918031 2173394 1155567 809941 206789 138837 2496403 1787034 435468 273901 1616322 1195367 212932 208023 0 0 107500 107500 0 92000 92000 988066 988066 3738335 2445805 627820 664710 55826 140 33719 21967 3498671 2719860 39504 739307 0 0 1388122 480764 254789 652569 38200 23960 9539 4701 0 86636 45153 21358 20125 0 0 695506 500609 96336 98561 381982 264285 74379 43318 CONSTRUCTION AND DESIGN 4707258 4707258 EQUIPMENT AND MAINTENANCE 885522 566339 194950 124233 LANDSCAPE 3183414 3183414 PRINTING AND PUBLICATIONS 385647 184864 64900 135883 411558 209250 114696 87612 45273221 33046013 6307927 5919281 5796810 6039579 49732712 21250704 10222655 62385100 7773762 8083766 0 0 0 0 0 0 153585 146252 742192 743656 8748664 4784770 2999623 3963894 136486991 172717943 1300000 62005000 0 0 0 0 1628834 1919963 216837164 339255857 4647311 4732310 0 0 150000 150000 0 0 0 0 0 0 0 0 0 0 1915425 2487041 6712736 7369351 X 71233505 78407426 57691529 168220473 81199394 85258607 210124428 331886506 216837164 339255857 X 121662791 130145 -30858 X false true X true false X 22505933 32399034 33376498 32245249 49212210 169738924 0 477350 484681 492377 417771 277761 2149940 22983283 32883715 33868875 32663020 49489971 171888864 2421703 169467161 2577535 1730002 1171252 1227336 4293482 10999607 0 119546 18229 89416 2820 371 230382 183118853 49609769 0.92545 0.93699 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 134419313 33210000 14858000 6322000 176165313 146695313 1853000 -7796000 6333000 134419313 125201313 2215000 24248000 4969000 146695313 119488788 4276230 5422776 3986481 125201313 155049950 3127250 -34426042 4262370 119488788 0.28230 0.48400 0.23370 false false 1656830 614787 1042043 6050264 3547393 2502871 1041570 622590 418980 3963894 LIMITED PARTNERSHIPS 62005000 F 62005000 0 DEFERRED GIFT ANNUITY LIABILIT 702283 DEFERRED COMPENSATION PLAN 457 813281 DEFERRED COMPENSATION 971477 2487041 X 167155280 130145 843901 -30858 943188 166212092 988066 -264146 723920 166936012 45393202 843901 843901 44549301 988066 -264146 723920 45273221 FIN 48 Form 990, Schedule D, Part X 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, 2013 AND 2012. Endowments Form 990, Schedule D, Part V 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. OTHER REVENUE (GAIN) FORM 990, SCHEDULE D, PART XI, LINE 8 AND PART XII, LINE 2D CHANGE IN SPLIT INTEREST ($30,858). Other Expenses FORM 990, SCHEDULE D, PART XII, LINE 4b and PART XIII, LINE 2d Cost of goods sold included in expenses for financial statement reporting that have been included in revenue for Form 990, Part VIII, Line 10b: $264,146. Central America and the Caribbean Investments 56189802 Europe (Including Iceland and Greenland) Investments 6285376 62475178 62475178 false false false false true false X X X X X X true Lukens Company 2800 Shirlington Road Arlington VA 22206 Prof Fundraiser false 5058355 92000 4966355 5058355 92000 4966355 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 3090847 2853847 237000 375427 Fall Gala 898120 814520 83600 57104 4 897142 842537 54605 252469 4886109 4510904 375205 685000 685000 -309795 true Black Rock Forest Consortium 129 CONTINENTAL ROAD CORNWALL NY 12518 133536463 501(c)(3) 15300 Program Support New Yorkers for Parks 355 Lexington Ave New York NY 10017 136167879 501(c)(3) 10000 Program Support CENTRAL PARK MEDICAL UNIT PO BOX 440 NEW YORK NY 10028 112516283 501(c)(3) 30000 PROGRAM SUPPORT American Society of Lanscape Architects 148 West 37th Street NEW YORK NY 10018 530259019 501(c)(3) 13000 Program support 23 0 USE OF GRANT FUNDS FORM 990, SCHEDULE I, PART I, LINE 2 The Conservancy provides assistance to a small number of mission related organizations. In all instances, the Conservancy partners with these organizations and directly observes the application and use of the funds. X X X X X false false false false false false false false false Mr Douglas Blonsky 537293 0 0 0 0 0 30000 0 2004 0 569297 0 0 0 Mr Stephen Spinelli 312914 0 0 0 0 0 30000 0 10279 0 353193 0 0 0 Mr Neil Calvanese 234074 0 0 0 0 0 29254 0 627 0 263955 0 0 0 Mr Christopher Nolan 270015 0 0 0 0 0 30000 0 11251 0 311266 0 0 0 Ms Terri Coppersmith 257091 0 0 0 0 0 30000 0 4417 0 291508 0 0 0 Ms Kathryn Ortiz 169302 0 0 0 0 0 25355 0 5484 0 200141 0 0 0 Mr Frank Locastro 210019 0 0 0 0 0 12490 0 4361 0 226870 0 0 0 Ms Laura Hall 221986 0 0 0 0 0 11098 0 2963 0 236047 0 0 0 Ms Lynn Rothstein 202678 0 0 0 0 0 12454 0 4559 0 219691 0 0 0 MR RUSSELL FREDRICKS 173847 0 0 0 0 0 9031 0 5552 0 188430 0 0 0 MS LANE ADDONIZIO 150282 0 0 0 0 0 7815 0 4559 0 162656 0 0 0 MS ABIGAIL HEALY 144154 0 0 0 0 0 7871 0 4417 0 156442 0 0 0 MS BETH HASKELL 142890 0 0 0 0 0 7354 0 5433 0 155677 0 0 0 Compensation 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 55953 Investment Management Fees false John Paulson Trustee 563211 Investment Management Fees false John Paulson Investment Form 990, Schedule L, Part V During fiscal year 2013, john paulson and paulson family foundation made an aggregate contribution of $100,000,000 to the Conservancy and john paulson required that of his gift of $50,000,000 be invested in specific alternative funds that are managed by his firm and charged usual and customary fees. X 42 1197865 FMV 0 false true false Review of FORM 990 Form 990, Part VI, Line 11A Central park conservancy's form was prepared by the independent tax preparer based on information provided by the organization's finance and management personnel. THE FORM 990 WAS REVIEWED BY THE ORGANIZATION'S MANAGEMENT PRIOR TO FILING THE RETURN WITH THE IRS. ON FEBRUARY 4, 2014, CENTRAL PARK CONSERVANCY'S CHAIRMAN, TREASURER, CHAIRMAN OF THE finance COMMITTEE, AND GENERAL COUNSEL MET WITH MANAGEMENT AND EISNERAMPER LLP TO REVIEW THE FORM 990. SUBSEQUENTLY, THE 990 WAS PROVIDED TO THE BOARD for review prior to its filing. Conflict of Interest Policy Form 990, Part VI, Line 12C 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 headquarters. Compensation Form 990, Part VI, Line 15 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. Governing Documents Form 990, Part VI, Line 19 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. BOARD RELATIONSHIPS FORM 990, PARTVI, LINE 2 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 2013: 1. Ms. Jane Heller business relationship with Ms. Judy Angelo Hart, Ms. Leni May. 2. Mr. Howard L. Clark Jr. Family relationship with Ms. Jean Clark 3. Mr. John Steinhardt business relationship with Mr. Thomas Kempner 4. Mr. Jay P. Mandelbaum business relationship with Mr. Richard Cashin 5. Mrs. Donna Schwartz family relationship with one of the Conservancy's portfolio managers, Mr. Marvin Schwartz. 6. Mrs. Anne Harrison family relationship w/ Mr. William B.Harrison Jr. Other Changes in net assets Form 990, Part xi, line 9 CHANGE IN SPLIT INTEREST ($30,858).