BROOKLYN BRIDGE PARK CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
BROOKLYN BRIDGE PARK CORPORATION (EIN 27-2846763)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-01-31
IRS object ID
201330319349300123
Schema version
2011v1.2
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

FieldValueIRS element (for citing)
Timestamp2013-01-31T12:41:55-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN113518842EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1MARKS PANETH & SHRON LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1685 THIRD AVENUEAddressLine1
CityNEW YORKCity
StateNYState
ZIP Code10017ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN272846763EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1BROOKLYN BRIDGE PARK CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlBROONameControl
Phone7182229939Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1334 FURMAN STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameREGINA MYERName
TitlePRESIDENTTitle
Phone7182229939Phone
Date Signed2013-01-31DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameROBERT R LYONSName
PTINP00227472PTIN
Phone2125038800Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-25 16:41:14ZBuildTS

Form 990 IRS990

Doing Business As DoingBusinessAs

FieldValueIRS element (for citing)
Business Name Line1BROOKLYN BRIDGE PARKBusinessNameLine1
FieldValueIRS element (for citing)
Name Of Principal Officer PersonREGINA MYERNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1334 FURMAN STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode
FieldValueIRS element (for citing)
Gross Receipts48212726GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.BROOKLYNBRIDGEPARKNYC.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2010YearFormation
State Legal DomicileNYStateLegalDomicile
Activity Or Mission DescriptionTHE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK (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.ActivityOrMissionDescription
Nbr Voting Members Governing Body17NbrVotingMembersGoverningBody
Nbr Independent Voting Members17NbrIndependentVotingMembers
Total Nbr Employees13TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year42593280ContributionsGrantsPriorYear
Contributions Grants Current Year40503633ContributionsGrantsCurrentYear
Program Service Revenue Prior Year4856521ProgramServiceRevenuePriorYear
Program Service Revenue CY7625986ProgramServiceRevenueCY
Investment Income Prior Year30774InvestmentIncomePriorYear
Investment Income Current Year31104InvestmentIncomeCurrentYear
Other Revenue Prior Year1620OtherRevenuePriorYear
Other Revenue Current Year52003OtherRevenueCurrentYear
Total Revenue Prior Year47482195TotalRevenuePriorYear
Total Revenue Current Year48212726TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year889935SalariesEtcPriorYear
Salaries Etc Current Year1635695SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2870335OtherExpensePriorYear
Other Expenses Current Year3940093OtherExpensesCurrentYear
Total Expenses Prior Year3760270TotalExpensesPriorYear
Total Expenses Current Year5575788TotalExpensesCurrentYear
Revenues Less Expenses Prior Year43721925RevenuesLessExpensesPriorYear
Revenues Less Expenses CY42636938RevenuesLessExpensesCY
Total Assets BOY67862406TotalAssetsBOY
Total Assets EOY121996387TotalAssetsEOY
Total Liabilities BOY24140481TotalLiabilitiesBOY
Total Liabilities EOY35637524TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY43721925NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY86358863NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Mission DescriptionTHE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK (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.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense4424805Expense
Revenue7625986Revenue
DescriptionIN SEPTEMBER 2011, BBPC OPENED JANE'S CAROUSEL. THE OPENING OF JANE'S CAROUSEL ALSO MARKED THE RE-OPENING OF THE EMPIRE FULTON FERRY SECTION OF THE PARK. THE RENOVATION INCLUDED A NEW PICNIC GROVE, NEW LIGHTING, AN EXPANDED LAWN, INNOVATIVE SUSTAINABILITY MEASURES, ADDITIONAL PLANTINGS AND TREES, A NEW ENTRANCE AT DOCK STREET AND A CONNECTION TO THE MAIN STREET SECTION OF THE PARK.IN DECEMBER 2011, IN PARTNERSHIP WITH BROOKLYN BRIDGE PARK CONSERVANCY AND STORM KING ART CENTER, BBPC ANNOUNCED THE INSTALLATION OF MARK DI SUVERO'S YOGA ON PIER 1. THE INSTALLATION REPRESENTS THE FIRST INITIATIVE IN AN ANTICIPATED ONGOING ARTS PROGRAM IN THE PARK.IN JULY 2011, BBPC CONDUCTED ITS ANNUAL PARK VISITOR COUNT. BBPC ESTIMATED THAT OVER 60,000 VISITORS COME TO THE PARK ON AN AVERAGE SUMMER WEEKEND. WEEKDAY ATTENDANCE IS ESTIMATED AT 11,500 VISITORS PER DAY. IN JANUARY 2012, CONSTRUCTION BEGAN ON PIER 5. PIER 5 IS THE PARK'S FIRST PIER DEDICATED TO ACTIVE RECREATION. PLANS FOR THE PARK'S NEWEST PIER INCLUDE 3 REGULATION SIZE SOCCER FIELDS, MULTIPLE PLAY AREAS, A PARK CONCESSION, AS WELL AS A 30-FOOT WIDE PROMENADE. IN FEBRUARY 2012, BBPC BEGAN CONSTRUCTION ON SQUIBB PARK BRIDGE. THE SQUIBB PARK BRIDGE WILL PROVIDE A VITAL CIRCULATION LINK FOR PEDESTRIANS NEAR THE CENTER OF THE PARK. THE BRIDGE'S PROXIMITY TO THE SURROUNDING COMMUNITY AND TO PUBLIC TRANSPORTATION WILL OFFER PARK VISITORS FROM AROUND THE CITY A CONVENIENT AND DRAMATIC APPROACH TO THE PARK. IN MAY 2012, CONSTRUCTION BEGAN ON THE POP-UP POOL ON THE UPLANDS OF PIER 2. PLANS FOR THIS AREA ALSO INCLUDE A POOL SIDE BEACH AREA, SHOWERS, RESTROOMS, AND A CONCESSION.Description
Total Program Service Expense4424805TotalProgramServiceExpense
Described In501 C31DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Lobbying Activities0LobbyingActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities1ReportOtherLiabilities
Report Fin48 Footnote0ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required1ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Excess Benefit Transaction0ExcessBenefitTransaction
Prior Excess Benefit Transaction0PriorExcessBenefitTransaction
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions1DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org0TransfersToExemptNonChrtblOrg
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10962NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees13NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Quid Pro Quo Contributions0QuidProQuoContributions
Form8282 Property Disposed Of0Form8282PropertyDisposedOf
Funds To Pay Premiums0FundsToPayPremiums
Premiums Paid0PremiumsPaid
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members17NbrVotingGoverningBodyMembers
Number Independent Voting Members17NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties1DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders1MembersOrStockholders
Election Of Board Members1ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons1AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement1RegularMonitoringEnforcement
Whistleblower Policy1WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
States Where Copy Of Return Is FiledNYStatesWhereCopyOfReturnIsFiled
Own WebsiteXOwnWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonCEDRIC GADDY - CFONamePerson
Telephone Number7182229931TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1334 FURMAN STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (23 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensationOfficerOfficerHighest Compensated EmployeeHighestCompensatedEmployee
ROBERT K STEEL
CHAIR1.00X000
PETER ASCHKENASY
BOARD MEMBER1.00X000
ADRIAN BENEPE
BOARD MEMBER1.00X000
ANITA CONTINI
BOARD MEMBER1.00X000
MARTIN CONNOR
BOARD MEMBER1.00X000
PETER DAVIDSON
BOARD MEMBER1.00X000
JUNY FRANCOIS
BOARD MEMBER1.00X000
HENRY B GUTMAN
BOARD MEMBER1.00X000
DAVID G OFFENSEND
BOARD MEMBER1.00X000
SETH PINSKY
BOARD MEMBER1.00X000
JOHN RASKIN
BOARD MEMBER1.00X000
DANIEL E SIMMONS
BOARD MEMBER1.00X000
NANETTE SMITH
BOARD MEMBER3.00X000
ANNE STRAHLE
BOARD MEMBER1.00X000
MATHEW WAMBUA
BOARD MEMBER1.00X000
JOANNE WITTY
BOARD MEMBER1.00X000
STEVEN LEVIN
BOARD MEMBER1.00X000
REGINA MYER
PRESIDENT35.00155000016104X
CEDRIC GADDY
TREASURER/CHIEF FINANCIAL OFFICER35.00841350785X
SUMA MANDEL
SECRETARY/GENERAL COUNSEL35.0043500010700X
DAVID LOWIN
VP REAL ESTATE DEVELOPMENT35.0012107709594X
ELLEN RYAN
VICE PRESIDENT35.00121077011273X
JEFFREY SANDGRUND
DIRECTOR OF OPERATIONS35.0010300007232X
FieldValueIRS element (for citing)
Total Reportable Comp From Org627789TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation55688TotalOtherCompensation
Number Individuals GT100 K4NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K1TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1CityAddressOfContractor/AddressUS/CityStateAddressOfContractor/AddressUS/StateZIP CodeAddressOfContractor/AddressUS/ZIPCodeDescription Of ServicesDescriptionOfServicesCompensationCompensation
SKANSKA USA BUILDING INC
75-20 ASTORIA BLVD SUITE 200ASTORIANY11370CONSTRUCTION20143449
TEKTON CONTRACTING CORP
2464 WENNER PLACEBRONXNY10465CONSTRUCTION1220090
MICHAEL VAN VALKENBURGH ASSOCIATES INC
16 COURT STREET 11TH FLOORBROOKLYNNY11241ARCHITECTURE817322
GARDINER & THEOBALD INC
317 MADISON AVENUE 19TH FLOORNEW YORKNY10017CONSTRUCTION594986
NEW YORK CITY DEPT OF PARKS AND RECREAT
830 FIFTH AVENUENEW YORKNY10021SECURITY512089
FieldValueIRS element (for citing)
Number Of Contractors GT100 K7NumberOfContractorsGT100K
Government Grants26809003GovernmentGrants
All Other Contributions13694630AllOtherContributions
Noncash Contributions13450000NoncashContributions
Total Contributions40503633TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionBusiness CodeBusinessCodeTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
PILOT PAYMENTS53139071152237115223
PERMITS AND OTHER FEES531390510763510763
FieldValueIRS element (for citing)
Total Program Service Revenue7625986TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column31104TotalRevenueColumn
Exclusion$31,104ExclusionAmount

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionOTHER INCOMEDescription
Business Code900099BusinessCode
Total Revenue Column52003TotalRevenueColumn
Exclusion$52,003ExclusionAmount
FieldValueIRS element (for citing)
Total Other Revenue52003TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column48212726TotalRevenueColumn
Related Or Exempt Function Income7625986RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion$83,107ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total402871Total
Program Services162258ProgramServices
Management And General240613ManagementAndGeneral

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total926271Total
Program Services549581ProgramServices
Management And General376690ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

FieldValueIRS element (for citing)
Total44507Total
Program Services24738ProgramServices
Management And General19769ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total178015Total
Program Services96195ProgramServices
Management And General81820ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total84031Total
Program Services45377ProgramServices
Management And General38654ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total27170Total
Management And General27170ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total772245Total
Program Services631420ProgramServices
Management And General140825ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total12918Total
Management And General12918ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total174046Total
Program Services106056ProgramServices
Management And General67990ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total10856Total
Program Services6745ProgramServices
Management And General4111ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total1428601Total
Program Services1385831ProgramServices
Management And General42770ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total60212Total
Program Services57439ProgramServices
Management And General2773ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
REPAIRS AND MAINTENANCE637949637949
SECURITY505907505907
UTILITIES1462791418904389
EQUIP. RENTAL/PURCHASES1280926038567707

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total35818Total
Program Services13034ProgramServices
Management And General22784ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total5575788Total
Program Services4424805ProgramServices
Management And General1150983ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY913BOY
EOY981EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY34247530BOY
EOY48757447EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY179495BOY
EOY177216EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY4457BOY
EOY1194EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis74896843LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec1837294LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY33430011BOY
EOY73059549EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY67862406BOY
EOY121996387EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY4737270BOY
EOY5912763EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY19396857BOY
EOY29712053EOY

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
BOY6354BOY
EOY12708EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY24140481BOY
EOY35637524EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY

Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund

FieldValueIRS element (for citing)
BOY33560728BOY
EOY73059549EOY

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY10161197BOY
EOY13299314EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY43721925BOY
EOY86358863EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY67862406BOY
EOY121996387EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses42636938ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review0AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year42593280CurrentTaxYearMinus1Year
Current Tax Year40503633CurrentTaxYear
Total83096913Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year42593280CurrentTaxYearMinus1Year
Current Tax Year40503633CurrentTaxYear
Total83096913Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total15244753AmountsSubstContributorsTotal
Public Support Total17067852160PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year30774CurrentTaxYearMinus1Year
Current Tax Year31104CurrentTaxYear
Total61878Total

Other Income170 OtherIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year1620CurrentTaxYearMinus1Year
Current Tax Year52003CurrentTaxYear
Total53623Total
FieldValueIRS element (for citing)
Total Support83212414TotalSupport
Gross Receipts From Admissions Etc12482507GrossReceiptsFromAdmissionsEtc
First5 Years170XFirst5Years170
General ExplanationSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE AND OTHER FEES MISCELLANEOUS INCOMEGeneralExplanation
General ExplanationSCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: BBPC RECEIVED DONATIONS TOTALING $234,630 AND $3,224,371, RESPECTIVELY, DURING THE YEARS ENDED JUNE 30, 2012 AND 2011 FROM A SINGLE DONOR. SUCH FUNDS WERE USED BY BBPC TO REHABILITATE THE EMPIRE FULTON FERRY SECTION OF THE PARK. DURING THE YEAR ENDED JUNE 30, 2012, BBPC RECEIVED A DONATION OF A RESTORED 1920'S CAROUSEL ("JANE'S CAROUSEL") ALONG WITH A STRUCTURE IN WHICH JANE'S CAROUSEL IS HOUSED FROM THE SAME DONOR. BBPC RECORDED SUCH DONATED ASSETS AT THEIR ESTIMATED FAIR VALUE OF $13,450,000. SUCH FAIR VALUE WAS BASED UPON INDEPENDENT APPRAISALS.GeneralExplanation

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis350687OtherCostOrOtherBasis
Depreciation69303Depreciation
Book Value281384BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis74546156OtherCostOrOtherBasis
Depreciation1767991Depreciation
Book Value72778165BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings73059549TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

FieldValueIRS element (for citing)
DescriptionOTHER POSTEMPLOYMENT BENEFITS OBLIGATIONDescription
Amount$12,708Amount
FieldValueIRS element (for citing)
Total Of Amounts12708TotalOfAmounts
Total Revenue48212726TotalRevenue
Total Expenses5575788TotalExpenses
Excess Or Deficit For Year42636938ExcessOrDeficitForYear
Excess Or Deficit Per FS42636938ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt48212726TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal48212726RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form99048212726TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt5575788TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal5575788ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form9905575788TotalExpensesPerForm990

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalXBoardOrCommitteeApproval
Severance Payment0SeverancePayment
Supplemental Nonqual Retire Plan0SupplementalNonqualRetirePlan
Equity Based Comp Arrangement0EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org0CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs0CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org0CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs0CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments0AnyNonFixedPayments
Initial Contract Exception0InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII

FieldValueIRS element (for citing)
Name PersonREGINA MYERNamePerson
Base Compensation Filing Org155000BaseCompensationFilingOrg
Comp Based On Related Orgs0CompBasedOnRelatedOrgs
Bonus Filing Org0BonusFilingOrg
Bonus Related Orgs0BonusRelatedOrgs
Other Compensation Filing Org0OtherCompensationFilingOrg
Other Compensation Related Orgs0OtherCompensationRelatedOrgs
Deferred Comp Filing Org14904DeferredCompFilingOrg
Deferred Comp Related Orgs0DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org1200NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs0NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org171104TotalCompensationFilingOrg
Total Compensation Related Orgs0TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org0CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs0CompReportPrior990RelatedOrgs

Schedule M IRS990ScheduleM

Other Non Cash Contributions Table OtherNonCashContributionsTable

FieldValueIRS element (for citing)
Non Cash CheckboxXNonCashCheckbox
DescriptionCAROUSELDescription
Number Of Contributions2NumberOfContributions
Noncash Contribs Rptd F99013450000NoncashContribsRptdF990
Method Of Determining RevenuesAPPRAISALMethodOfDeterminingRevenues
FieldValueIRS element (for citing)
Number Of8283 Received2NumberOf8283Received
Any Property That Must Be Held0AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGifts
Third Parties Used0ThirdPartiesUsed

Form990 Schedule M Part II Form990ScheduleMPartII

FieldValueIRS element (for citing)
IdentifierMETHOD FOR DETERMINING NUMBER OF CONTRIBUTORS:Identifier
Return ReferencePART I, COLUMN (B):ReturnReference
ExplanationDURING THE YEAR ENDED JUNE 30, 2012, BBPC RECEIVED A DONATION OF A RESTORED 1920'S CAROUSEL AND A STRUCTURE IN WHICH THE CAROUSEL IS HOUSED FROM A DONOR. SEPARATE FORMS 8283 WERE RECEIVED FOR THE CAROUSEL AND THE STRUCTURE.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (7 entries)

Return ReferenceReturnReferenceExplanationExplanation
FORM 990, PART VI, SECTION A, LINE 3TO 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 6THE 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 7ATHE 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 11A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE BBPC 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 12CBBPC 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, BBPC COMPLIES WITH NEW YORK CITY CONFLICTS OF INTEREST BOARD ("COIB") REQUIREMENTS. BBPC EMPLOYEES WHO MEET THE CRITERIA MUST FILE ANNUAL COIB FORMS; MEMBERS OF BBPC'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 15THE 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 19BBPC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE AND ARE AVAILABLE UPON REQUEST.

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