2013-01-31T12:41:55-06:00 2012-06-30 113518842 MARKS PANETH & SHRON LLP 685 THIRD AVENUE NEW YORK NY 10017 990 2011-07-01 272846763 BROOKLYN BRIDGE PARK CORPORATION BROO 7182229939 334 FURMAN STREET BROOKLYN NY 11201 REGINA MYER 7182229939 2013-01-31 1 ROBERT R LYONS P00227472 2125038800 2011 2016-02-25 16:41:14Z BROOKLYN BRIDGE PARK REGINA MYER 334 FURMAN STREET BROOKLYN NY 11201 48212726 0 X WWW.BROOKLYNBRIDGEPARKNYC.ORG X 2010 NY THE 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. 17 17 13 0 0 0 42593280 40503633 4856521 7625986 30774 31104 1620 52003 47482195 48212726 0 0 0 0 889935 1635695 0 0 0 2870335 3940093 3760270 5575788 43721925 42636938 67862406 121996387 24140481 35637524 43721925 86358863 X THE 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. 0 0 4424805 7625986 IN 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. 4424805 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 2 0 13 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 0 1 1 0 NY X X CEDRIC GADDY - CFO 7182229931 334 FURMAN STREET BROOKLYN NY 11201 ROBERT K STEEL 1.00 X 0 0 0 PETER ASCHKENASY 1.00 X 0 0 0 ADRIAN BENEPE 1.00 X 0 0 0 ANITA CONTINI 1.00 X 0 0 0 MARTIN CONNOR 1.00 X 0 0 0 PETER DAVIDSON 1.00 X 0 0 0 JUNY FRANCOIS 1.00 X 0 0 0 HENRY B GUTMAN 1.00 X 0 0 0 DAVID G OFFENSEND 1.00 X 0 0 0 SETH PINSKY 1.00 X 0 0 0 JOHN RASKIN 1.00 X 0 0 0 DANIEL E SIMMONS 1.00 X 0 0 0 NANETTE SMITH 3.00 X 0 0 0 ANNE STRAHLE 1.00 X 0 0 0 MATHEW WAMBUA 1.00 X 0 0 0 JOANNE WITTY 1.00 X 0 0 0 STEVEN LEVIN 1.00 X 0 0 0 REGINA MYER 35.00 X 155000 0 16104 CEDRIC GADDY 35.00 X 84135 0 785 SUMA MANDEL 35.00 X 43500 0 10700 DAVID LOWIN 35.00 X 121077 0 9594 ELLEN RYAN 35.00 X 121077 0 11273 JEFFREY SANDGRUND 35.00 X 103000 0 7232 627789 0 55688 4 0 1 0 SKANSKA USA BUILDING INC 75-20 ASTORIA BLVD SUITE 200 ASTORIA NY 11370 CONSTRUCTION 20143449 TEKTON CONTRACTING CORP 2464 WENNER PLACE BRONX NY 10465 CONSTRUCTION 1220090 MICHAEL VAN VALKENBURGH ASSOCIATES INC 16 COURT STREET 11TH FLOOR BROOKLYN NY 11241 ARCHITECTURE 817322 GARDINER & THEOBALD INC 317 MADISON AVENUE 19TH FLOOR NEW YORK NY 10017 CONSTRUCTION 594986 NEW YORK CITY DEPT OF PARKS AND RECREAT 830 FIFTH AVENUE NEW YORK NY 10021 SECURITY 512089 7 26809003 13694630 13450000 40503633 PILOT PAYMENTS 531390 7115223 7115223 PERMITS AND OTHER FEES 531390 510763 510763 7625986 31104 31104 OTHER INCOME 900099 52003 52003 52003 48212726 7625986 0 83107 402871 162258 240613 926271 549581 376690 44507 24738 19769 178015 96195 81820 84031 45377 38654 27170 27170 772245 631420 140825 12918 12918 174046 106056 67990 10856 6745 4111 1428601 1385831 42770 60212 57439 2773 REPAIRS AND MAINTENANCE 637949 637949 SECURITY 505907 505907 UTILITIES 146279 141890 4389 EQUIP. RENTAL/PURCHASES 128092 60385 67707 35818 13034 22784 5575788 4424805 1150983 0 913 981 34247530 48757447 179495 177216 4457 1194 74896843 1837294 33430011 73059549 67862406 121996387 4737270 5912763 19396857 29712053 6354 12708 24140481 35637524 X 0 0 33560728 73059549 10161197 13299314 43721925 86358863 67862406 121996387 42636938 0 X 0 1 1 X 0 X 42593280 40503633 83096913 42593280 40503633 83096913 15244753 67852160 30774 31104 61878 1620 52003 53623 83212414 12482507 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ADMINISTRATIVE AND OTHER FEES MISCELLANEOUS INCOME SCHEDULE 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 350687 69303 281384 74546156 1767991 72778165 73059549 OTHER POSTEMPLOYMENT BENEFITS OBLIGATION 12708 12708 48212726 5575788 42636938 42636938 48212726 0 48212726 0 48212726 5575788 0 5575788 0 5575788 X 0 0 0 0 0 0 0 0 0 REGINA MYER 155000 0 0 0 0 0 14904 0 1200 0 171104 0 0 0 X CAROUSEL 2 13450000 APPRAISAL 2 0 0 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): DURING 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. 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) NINE DIRECTORS, AT LEAST THREE OF WHOM SHALL BE EX OFFICIO DIRECTORS; (II) FOUR DIRECTORS, AT LEAST TWO OF WHOM SHALL BE COMMUNITY REPRESENTATIVES, UPON THE NOMINATION OF THE GOVERNOR OF THE STATE OF NEW YORK; (III) ONE DIRECTOR UPON THE NOMINATION OF THE STATE ASSEMBLY MEMBER, 52ND DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (IV) ONE DIRECTOR UPON THE NOMINATION OF THE STATE SENATOR, 25TH DISTRICT, OR ANY SUCCESSOR DISTRICT THAT INCLUDES THE BROOKLYN BRIDGE PARK; (V) ONE DIRECTOR UPON THE NOMINATION OF A MEMBER OF THE NEW YORK CITY COUNCIL TO BE DESIGNATED BY THE SPEAKER OF THE NEW YORK CITY COUNCIL; AND (VI) ONE DIRECTOR UPON THE NOMINATION OF THE PRESIDENT OF THE BROOKLYN BOROUGH. FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE FORM 990 WILL BE REVIEWED BY THE 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 12C BBPC 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 15 THE SENIOR MANAGEMENT OF THE CORPORATION INCLUDES THE PRESIDENT, GENERAL COUNSEL AND CHIEF FINANCIAL OFFICER. THE COMPENSATION OF THE PRESIDENT SHALL BE DETERMINED CONSIDERING FACTORS SUCH AS SKILL, EXPERIENCE, PAST PERFORMANCE, AND WORK HISTORY. THE COMPENSATION OF OTHER SENIOR MANAGEMENT STAFF SHALL BE DETERMINED BY THE PRESIDENT, CONSIDERING FACTORS SUCH AS EMPLOYEE SKILL, EXPERIENCE, PAST PERFORMANCE, WORK HISTORY AND POSITION. FORM 990, PART VI, SECTION C, LINE 19 BBPC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE POSTED ON ITS WEBSITE AND ARE AVAILABLE UPON REQUEST.