GOVERNORS ISLAND CORPORATION: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- GOVERNORS ISLAND CORPORATION (EIN 27-2683349)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-02-15
- IRS object ID
- 201320509349300712
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-02-15T14:07:39-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113518842 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH & SHRON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10017 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 272683349 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GOVERNORS ISLAND CORPORATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | GOVE | NameControl |
| Phone | 2124402200 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LESLIE KOCH | Name |
| Title | PRESIDENT | Title |
| Phone | 2124402200 | Phone |
| Date Signed | 2013-02-19 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ROBERT R LYONS | Name |
| PTIN | P00227472 | PTIN |
| Phone | 2125038800 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-25 16:41:14Z | BuildTS |
Form 990 IRS990
Doing Business As DoingBusinessAs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE TRUST FOR GOVERNORS ISLAND | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LESLIE KOCH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 38058297 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.GOVISLAND.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2010 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | THE TRUST FOR GOVERNORS ISLAND (THE "TRUST" OR "TGI") IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION CREATED BY THE CITY OF NEW YORK THAT IS RESPONSIBLE FOR THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A DESTINATION WITH GREAT PUBLIC OPEN SPACE, AS WELL AS EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. THE TRUST IS BREAKING GROUND ON 30 ACRES OF NEW PARK SPACE SCHEDULED TO OPEN IN 2013 AND PROCEEDING WITH AN AMBITIOUS INFRASTRUCTURE PROGRAM TO READY THE ISLAND FOR EXPANDED TENANCY AND ACTIVITY. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 13 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 13 | NbrIndependentVotingMembers |
| Total Nbr Employees | 19 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 42134293 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 36511792 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 1769582 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1468389 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 29958 | InvestmentIncomePriorYear |
| Investment Income Current Year | 24554 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 53562 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 43933833 | TotalRevenuePriorYear |
| Total Revenue Current Year | 38058297 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1846960 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1750388 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12724279 | OtherExpensePriorYear |
| Other Expenses Current Year | 11745168 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 14571239 | TotalExpensesPriorYear |
| Total Expenses Current Year | 13495556 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 29362594 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 24562741 | RevenuesLessExpensesCY |
| Total Assets BOY | 33086802 | TotalAssetsBOY |
| Total Assets EOY | 71616437 | TotalAssetsEOY |
| Total Liabilities BOY | 3724208 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 17966102 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 29362594 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 53650335 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE TRUST IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION CREATED BY THE CITY OF NEW YORK THAT IS RESPONSIBLE FOR THE PLANNING, REDEVELOPMENT AND ONGOING OPERATIONS OF 150 ACRES OF GOVERNORS ISLAND. THE TRUST'S MISSION IS TO TRANSFORM GOVERNORS ISLAND INTO A DESTINATION WITH GREAT PUBLIC OPEN SPACE, AS WELL AS EDUCATIONAL, NOT-FOR-PROFIT AND COMMERCIAL FACILITIES. THE TRUST IS BREAKING GROUND ON 30 ACRES OF NEW PARK SPACE SCHEDULED TO OPEN IN 2013 AND PROCEEDING WITH AN AMBITIOUS INFRASTRUCTURE PROGRAM TO READY THE ISLAND FOR EXPANDED TENANCY AND ACTIVITY. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 12619154 | Expense |
| Revenue | 1468389 | Revenue |
| Description | TGI MANAGES ALL CURRENT OPERATIONS ON THE ISLAND AND AT THE SAME TIME IS PLANNING FOR ITS REDEVELOPMENT. TGI PROVIDES FERRY, CUSTODIAL, GROUNDS KEEPING AND SECURITY SERVICES FOR THE ISLAND THROUGH A FACILITIES AND CONSTRUCTION MANAGEMENT CONTRACT. THIS CONTRACT ALSO PROVIDES FOR ONGOING REPAIR AND MAINTENANCE WORK, INCLUDING THE PRESERVATION OF HISTORIC STRUCTURES. DURING THE PUBLIC ACCESS SEASON, WHICH RUNS ON WEEKENDS FROM MEMORIAL DAY THROUGH THE END OF SEPTEMBER, HUNDREDS OF THOUSANDS OF NEW YORKERS AND VISITORS COME TO THE ISLAND BY FREE FERRIES FROM MANHATTAN AND BROOKLYN. ONCE ON THE ISLAND, VISITORS EXPERIENCE A DIVERSE ARRAY OF ARTS, CULTURAL AND RECREATIONAL PROGRAMS, THE MAJORITY OF WHICH ARE FREE. TGI IS ALSO REDEVELOPING GOVERNORS ISLAND AND HAS UNDERTAKEN AN AMBITIOUS CAPITAL PROGRAM TO BRING THE ISLAND'S INFRASTRUCTURE INTO TO THE 21ST CENTURY AND BUILD EXTRAORDINARY NEW PARK AND PUBLIC SPACES. THE FIRST PHASE IS PLANNED TO ADD KEY VISITOR AMENITIES THROUGHOUT THE HISTORIC DISTRICT AND 30 NEW ACRES OF PARK ON THE ISLAND'S SOUTHERN END. CAPITAL INVESTMENTS ARE ALSO PLANNED TO BRING POTABLE WATER TO THE ISLAND, UPGRADE ITS ELECTRICAL AND TELECOMMUNICATION SYSTEMS, STABILIZE HISTORIC BUILDINGS, REHABILITATE THE SEAWALL AND STORM WATER SYSTEMS, AND ENSURE SAFE FERRY OPERATIONS AT THE DOCKS ON-ISLAND AND AT THE BATTERY MARITIME BUILDING IN MANHATTAN. | Description |
| Total Program Service Expense | 12619154 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 19 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 13 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 13 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | WILLA PADGETT - CHIEF FINANCIAL OFF | NamePerson |
| Telephone Number | 2124402227 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10 SOUTH STREET SLIP 7 | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10004 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (18 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| RONAY MENSCHEL | |||||||
| CHAIR | 1.00 | X | 0 | 0 | 0 | ||
| ELIZABETH BERGER | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| AMANDA BURDEN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DOUG BLONSKY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| MARK COSTELLO | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| PATTI HARRIS | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JEFFREY H LYNFORD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JULIE MENIN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| SETH PINSKY | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| JUDY RAPFOGEL | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DAVID SALTZMAN | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| DENNIS WALCOTT | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| CARL WEISBROD | |||||||
| BOARD MEMBER | 1.00 | X | 0 | 0 | 0 | ||
| LESLIE KOCH | |||||||
| PRESIDENT | 35.00 | 166819 | 0 | 45584 | X | ||
| JONATHAN MEYERS | |||||||
| CHIEF OPERATING OFFICER/TREASURER | 35.00 | 136864 | 0 | 44877 | X | ||
| PAUL KELLY | |||||||
| GENERAL COUNSEL/SECRETARY | 35.00 | 141209 | 0 | 45871 | X | ||
| WILLA PADGETT | |||||||
| CHIEF FINANCIAL OFFICER | 35.00 | 60388 | 0 | 4049 | X | ||
| TERENCE WILLIAMS | |||||||
| VP, FACILIITES | 35.00 | 111484 | 0 | 38740 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 616764 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 179121 | TotalOtherCompensation |
| Number Individuals GT100 K | 4 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (3 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| TURNER CONSTRUCTION COMPANY | |||||
| 375 HUDSON STREET | NEW YORK | NY | 10014 | FACILIITES/ CONSTRUCTION MGMT. | 12061082 |
| WEST 8 NEW YORK INC | |||||
| 333 HUDSON STREET SUITE 905 | NEW YORK | NY | 10013 | LANDSCAPE ARCHITECTURE | 3691405 |
| AKRF INC | |||||
| 440 PARK AVENUE SOUTH | NEW YORK | NY | 10016 | ENVIRONMENTAL CONSULTATION | 439350 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 3 | NumberOfContractorsGT100K |
| Government Grants | 35636192 | GovernmentGrants |
| All Other Contributions | 875600 | AllOtherContributions |
| Noncash Contributions | 300000 | NoncashContributions |
| Total Contributions | 36511792 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PERMITS AND OTHER FEES | Description |
| Business Code | 531390 | BusinessCode |
| Total Revenue Column | 1468389 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1468389 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1468389 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 24554 | TotalRevenueColumn |
| Exclusion | $24,554 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER INCOME | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 53562 | TotalRevenueColumn |
| Exclusion | $53,562 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 53562 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 38058297 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1468389 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $78,116 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 740970 | Total |
| Program Services | 533764 | ProgramServices |
| Management And General | 207206 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 672481 | Total |
| Program Services | 376494 | ProgramServices |
| Management And General | 295987 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 68347 | Total |
| Program Services | 57374 | ProgramServices |
| Management And General | 10973 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 157908 | Total |
| Program Services | 66549 | ProgramServices |
| Management And General | 91359 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110682 | Total |
| Program Services | 100721 | ProgramServices |
| Management And General | 9961 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 99000 | Total |
| Management And General | 99000 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 25000 | Total |
| Management And General | 25000 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 61708 | Total |
| Program Services | 61708 | ProgramServices |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14258 | Total |
| Management And General | 14258 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 305966 | Total |
| Program Services | 275369 | ProgramServices |
| Management And General | 30597 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5592 | Total |
| Management And General | 5592 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 695085 | Total |
| Program Services | 675946 | ProgramServices |
| Management And General | 19139 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54314 | Total |
| Program Services | 48883 | ProgramServices |
| Management And General | 5431 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| FACILITIES MANAGEMENT | 10404527 | 10404527 | |
| OTHER EXPENSES | 79718 | 17819 | 61899 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13495556 | Total |
| Program Services | 12619154 | ProgramServices |
| Management And General | 876402 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11856419 | BOY |
| EOY | 17685402 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 7422976 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 104898 | BOY |
| EOY | 228742 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9544 | BOY |
| EOY | 3138 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 47536897 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 1285718 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21115941 | BOY |
| EOY | 46251179 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 25000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33086802 | BOY |
| EOY | 71616437 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3383304 | BOY |
| EOY | 10066145 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 173171 | BOY |
| EOY | 7703768 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 167733 | BOY |
| EOY | 196189 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3724208 | BOY |
| EOY | 17966102 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28041926 | BOY |
| EOY | 46251179 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1320668 | BOY |
| EOY | 7399156 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 29362594 | BOY |
| EOY | 53650335 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33086802 | BOY |
| EOY | 71616437 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 24562741 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -275000 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 42134293 | CurrentTaxYearMinus1Year |
| Current Tax Year | 36511792 | CurrentTaxYear |
| Total | 78646085 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 42134293 | CurrentTaxYearMinus1Year |
| Current Tax Year | 36511792 | CurrentTaxYear |
| Total | 78646085 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 78646085 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | 29958 | CurrentTaxYearMinus1Year |
| Current Tax Year | 24554 | CurrentTaxYear |
| Total | 54512 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | 53562 | CurrentTaxYear |
| Total | 53562 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 78754159 | TotalSupport |
| Gross Receipts From Admissions Etc | 3237971 | GrossReceiptsFromAdmissionsEtc |
| First5 Years170 | X | First5Years170 |
| General Explanation | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1 | OtherCostOrOtherBasis |
| Book Value | 1 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 5711460 | OtherCostOrOtherBasis |
| Depreciation | 941727 | Depreciation |
| Book Value | 4769733 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 41825436 | OtherCostOrOtherBasis |
| Depreciation | 343991 | Depreciation |
| Book Value | 41481445 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 46251179 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OTHER POSTEMPLOYMENT BENEFITS OBLIGATION | Description |
| Amount | $196,189 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 196189 | TotalOfAmounts |
| Total Revenue | 38058297 | TotalRevenue |
| Total Expenses | 13495556 | TotalExpenses |
| Excess Or Deficit For Year | 24562741 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -275000 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -275000 | TotalAdjustments |
| Excess Or Deficit Per FS | 24287741 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 38058297 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 38058297 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 38058297 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 13770556 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 275000 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 275000 | ExpensesNotRptdF990 |
| Expenses Subtotal | 13495556 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 13495556 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | Identifier |
| Explanation | UNREALIZED LOSS ON INVESTMENT 275,000. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LESLIE KOCH | |||||||||||||
| 166819 | 0 | 0 | 0 | 0 | 0 | 20388 | 0 | 25196 | 0 | 212403 | 0 | 0 | 0 |
| JONATHAN MEYERS | |||||||||||||
| 136864 | 0 | 0 | 0 | 0 | 0 | 19681 | 0 | 25196 | 0 | 181741 | 0 | 0 | 0 |
| PAUL KELLY | |||||||||||||
| 141209 | 0 | 0 | 0 | 0 | 0 | 20675 | 0 | 25196 | 0 | 187080 | 0 | 0 | 0 |
| TERENCE WILLIAMS | |||||||||||||
| 111484 | 0 | 0 | 0 | 0 | 0 | 13628 | 0 | 25112 | 0 | 150224 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 300000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | FAIR MARKET VALUE | MethodOfDeterminingRevenues |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | TO SUPPORT ITS ACTIVITIES, THE CORPORATION ENTERED INTO A CONTRACT WITH THE NEW YORK CITY ECONOMIC DEVELOPMENT CORPORATION ("EDC"), A NOT-FOR-PROFIT LOCAL DEVELOPMENT CORPORATION AND A COMPONENT UNIT OF THE CITY OF NEW YORK. UNDER THE TERMS SET FORTH IN THE AGREEMENT, EDC IS TO PROVIDE THE CORPORATION WITH PROFESSIONAL, CLERICAL AND TECHNICAL ASSISTANCE IT NEEDS TO ACCOMPLISH ITS OBJECTIVES. THESE SERVICES INCLUDE ACCOUNTING, HUMAN RESOURCES, BANKING SERVICES, MANAGEMENT INFORMATION, COMPLIANCE AND SIMILAR SERVICES. | |
| 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 11 | 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, 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 AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE. TGI'S CONFLICT OF INTEREST POLICY HAS NOT YET BEEN POSTED. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -275,000. | CHANGES IN NET ASSETS OR FUND BALANCES: |
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