2011-05-11T16:42:57-05:00 2010-06-30 SKODY SCOT & CO CPAS PC 352 SEVENTH AVE 9TH FL NEW YORK NY 10001 990 2009-07-01 133275810 GRAND CENTRAL PARTNERSHIP INC GRAN 2128832420 122 EAST 42ND STREET No 601 NEW YORK NY 10168 ALFRED CERULLO 2128832420 2011-05-11 1 William Skody 2129671100 2009 2016-02-24 21:20:13Z ALFRED CERULLO 122 EAST 42ND STREET No 601 NEW YORK NY 10168 12714909 0 X www.grandcentralpartnership.org X 1985 NY PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC. 45 41 154 0 0 0 62601 15000 11852501 11914734 443511 299578 211150 194517 12569763 12423829 0 0 7022054 7246134 0 0 5911115 5911633 12933169 13157767 -363406 -733938 26893188 24688121 23528235 22057093 3364953 2631028 The Grand Central Partnership provides supplemental sanitation, public safety, streetscape improvement, visitor information and commercial support services to property owners, businesses and residents in a 70-block area of Midtown Manhattan. 0 0 2482750 PUBLIC IMPROVEMENTS IS DESIGNED TO IMPROVE THE OVERALL APPEARANCE OF THE DISTRICT THROUGH A COMBINATION OF PROJECTS INCLUDING INSTALLATION AND MAINTENANCE OF PUBLIC FIXTURES 2780411 PUBLIC SAFETY PROGRAM PROVIDES SUPPLEMENTAL PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED GUARDS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT 3254944 SANITATION PROGRAM INCLUDES MAINTAINING CLEAN STREETS/ CURBS AND GARBAGE REMOVAL 1185718 360006 DISTRICT-WIDE MAINTENANCE MAINTAINS PREVIOUSLY INSTALLED CAPITAL IMPROVEMENTS 203564 SOCIAL SERVICES - VOLUNTARY CONTRIBUTIONS TO A SOCIAL SERVICE PROVIDER TO DEAL WITH THE VARIOUS SOCIAL SERVICE ISSUES IN THE DISTRICT 948724 185000 CORPORATE AFFAIRS PROGRAM PROMOTES THE DISTRICT THROUGH RETAIL DEVELOPMENT, FUNDRAISING, SPECIAL EVENTS, TOURISM AND OTHER PUBLIC RELATIONS 786547 HORTICULTURE ENHANCES THE DISTRICT THROUGH PLANTINGS AND DECORATIONS 3124553 545006 11642658 1 1 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 47 0 1 154 1 0 0 0 0 0 0 0 0 45 41 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 0 1 1 1 0 NY X The Organization 2128832420 122 EAST 42ND STREET No 601 NEW YORK NY 10168 MICHELLE ADAMS 0.50 X 0 0 0 ALAN B ABRAMSON 0.50 X 0 0 0 WILLIAM H ANDERSON 0.50 X 0 0 0 ANTHONY S BIANCO 0.50 X 0 0 0 LOUIS BRAUSE 0.50 X 0 0 0 WILLIAM G COHEN III 0.50 X 0 0 0 PETER S DUNCAN 0.50 X 0 0 0 DOUGLAS D DURST 0.50 X 0 0 0 SCOTT STRINGER 0.50 X 0 0 0 JOHN J GILBERT III 0.50 X 0 0 0 STEPHEN L GREEN 0.50 X 0 0 0 DAVID R GREENBAUM 0.50 X 0 0 0 PETER S KALIKOW 0.50 X X 0 0 0 RICHARD KALIKOW 0.50 X 0 0 0 BRUCE NEVINS 0.50 X 0 0 0 ABY ROSEN 0.50 X 0 0 0 IRVING SCHNEIDER 0.50 X 0 0 0 STEVEN SPINOLA 0.50 X X 0 0 0 GEORGE P TWILL 0.50 X X 0 0 0 JOHN J WHALEN 0.50 X 0 0 0 ALAN WIENER 0.50 X 0 0 0 John C Liu 0.50 X 0 0 0 JOHN DONAHUE 0.50 X 0 0 0 MARLA MILLER 0.50 X 0 0 0 MORRIS MOINIAN 0.50 X 0 0 0 ANDREW COHEN 0.50 X 0 0 0 PETER MALKIN 0.50 X 0 0 0 HOWARD MILSTEIN 0.50 X 0 0 0 ANTHONY WESTREICH 0.50 X 0 0 0 ROBERT BILLINGSLEY 0.50 X 0 0 0 JOHN MASCIALINO 0.50 X 0 0 0 MICHAEL BLOOMBERG 0.50 X 0 0 0 CHRISTINE C QUINN 0.50 X 0 0 0 Susan Mendik 0.50 X 0 0 0 DENNIS FRIEDRICH 0.50 X 0 0 0 DAVID V POLITANO 0.50 X 0 0 0 DANIEL R GARODNICK 0.50 X 0 0 0 JOHN BICK 0.50 X 0 0 0 GEORGE KURTH 0.50 X 0 0 0 ROBERT MIDGETTE 0.50 X 0 0 0 Jay Walder 0.50 X 0 0 0 ANDREW LEVIN 0.50 X 0 0 0 KEITH SCHWARTZ 0.50 X 0 0 0 DENNIS BRADY 0.50 X 0 0 0 MARK C GROSSICH 0.50 X 0 0 0 ALFRED CERULLO III 45.00 X X 425823 0 12404 ROBERT ADINOLFI 45.00 X X 148153 0 25312 PETER LEMPIN 45.00 X X 201268 0 4077 MARC WURZEL 45.00 X X 170718 0 10969 945962 0 52762 4 0 1 0 GPS INDUSTRIES INC 26 Railroad Ave Babylon NY 11702 LANDSCAPING/MAINTENANCE 307086 THE HELIX GROUP 122 EAST 42ND ST NEW YORK NY 10168 CONSTRUCTION/MAINTENANCE 291639 THE LANDTEK GROUP INC 225 COUNTYLINE RD AMITYVILLE NY 11701 PLANTING/MAINTENANCE 265414 Hellman Electric Corporation 855 Brush Avenue Bronx NY 10465 ConstrUCTION/MAINTENANCE 131913 Littler Mendelson PC 900 Third Avenue New York NY 10022 Legal 117510 5 15000 15000 TAX ASSESSMENTS 900099 11564245 11564245 OTHER FEES & CONTRACTS 900099 350489 350489 11914734 299578 299578 350000 155483 194517 194517 194517 135597 135597 0 12423829 12109251 0 299578 1090930 677724 413206 4579557 4240258 339299 49676 31016 18660 1088959 1012480 76479 437012 395006 42006 120997 120997 40232 40232 6774 6774 1363582 1363582 397012 341316 55696 44496 44496 780610 394529 386081 1085375 1085375 1401468 1398623 2845 425889 372815 53074 MAINTENANCE, REPAIRS, C 148258 142568 5690 PROGRAM EXPENSES 59493 24668 34825 Event expenses 34656 34656 EQUIPMENT 2791 271 2520 13157767 11642658 1515109 0 4976089 4301751 26486 62265 271920 276286 37779883 21437312 17724263 16342571 3197756 3058525 696674 646723 26893188 24688121 582631 496817 158234 168686 22254745 20888965 532625 502625 23528235 22057093 X 3364953 2631028 3364953 2631028 26893188 24688121 X 0 1 1 X 0 X 43200 23500 17875 62601 15000 162176 11857643 11895292 11885182 11852501 11914734 59405352 11900843 11918792 11903057 11915102 11929734 59567528 59567528 513141 619664 572430 443511 299578 2448324 62015852 1898615 0.96050 0.95870 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6774 6774 13150993 13157767 807888 201972 0 0 790101 801521 796658 807888 3196168 4794252 0 0 0 6774 6774 197525 200380 199165 201972 799042 1198563 0 0 0 0 0 2338871 1321384 1017487 379151 379151 0 35061861 19736777 15325084 16342571 Certificates of deposit 3058525 F 3058525 ACCRUED INTEREST 502625 502625 12423829 13157767 -733938 13 13 -733925 12423842 13 13 12423829 0 12423829 13157767 0 13157767 0 13157767 FUNDRAISING EVENT 135597 135597 135597 135597 135597 135597 135597 0 X X X X 0 0 0 0 0 0 0 0 0 ALFRED CERULLO III 425823 0 0 0 0 0 4900 0 7504 0 438227 0 0 0 ROBERT ADINOLFI 148153 0 0 0 0 0 3058 0 22254 0 173465 0 0 0 PETER LEMPIN 201268 0 0 0 0 0 4077 0 0 0 205345 0 0 0 MARC WURZEL 170718 0 0 0 0 0 3465 0 7504 0 181687 0 0 0 GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC 133520221 38526CCA4 2004-02-26 28658371 FULL BOND DISCLOSURE ON GCPDMA 990 #13-3520221 0 0 28658371 27764481 299152 2004 0 1 1 1 ROBERT BILLINGSLEY BOARD DIRECTOR - is also VP of Colliers ABR 275216 OFFICE RENTAL - Colliers ABR is the managing agent of 122 E 42nd St and collects rent from the organization for leasing the space for our executive offices. 0 PETER MALKIN BOARD DIRECTOR 43037 OUTSIDE SPACE - THE ORGANIZATION LEASES EXTERIOR SPACE ON A COMMERCIAL OFFICE BUILDING RELATED TO A BOARD MEMBER. 0 JAY WALDER BOARD DIRECTOR - is also CEO AND CHAIRMAN of THE MTA 34076 EVENT SPACE - THE ORGANIZATION UTILIZES EVENT SPACE IN THE GRAND CENTRAL TERMINAL. 0 MICHAEL BLOOMBERG BOARD DIRECTOR - is THE MAYOR OF THE CITY OF NEW YORK 239527 ECO DEV SPACE - THE ORGANIZATION LEASES ECONOMICE DEVELOPMENT SPACE FROM THE CITY OF NEW YORK. 0 Form 990, Part VI, Section A, line 6 MEMBERSHIP TO THE ORGANIZATION OCCURS WITH ELECTION TO THE BOARD. Form 990, Part VI, Section A, line 7a MEMBERS ELECT THE BOARD OF DIRECTORS AT EVERY OTHER ANNUAL MEETING. Form 990, Part VI, Section B, line 11 THE 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED. Form 990, Part VI, Section B, line 12c THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. Form 990, Part VI, Section B, line 15 THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA. Form 990, Part VI, Section C, line 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. SCHEDULE L INDIRECT TRANSACTIONS The Organization leases space owned by the City of New York under the Pershing Square viaduct to develop and operate a restaurant. The Organization pays rent, additional rent, and makes a payment in lieu of taxes (PILOT) to the City under the lease. Representatives of the City serve as Directors of this Organization. THE ORGANIZATION uses space in the Main Concourse of Grand Central Terminal, and in the Grand Central Neighborhood Alliance Office that is under the control of the Metropolitan Transportation Authority (MTA). A representative from the MTA serves as a board member of the Organization. Additionally, the Organization rented space in Grand Central Terminal for a special event. SCHEDULE R RELATED ORGANIZATIONS GCP-GCDMA relationship Pursuant to a management agreement dated July 1991 between Grand Central District Management Association (GCDMA) and Grand Central Partnership (GCP), GCDMA retains GCP to administer the required supplemental services, and turns over all assessment revenues to GCP to finance the delivery of such services in the Grand Central Business Improvement District. GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 133520221 PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUSINESS IMPROVEMENT DISTRIC NY 501(c)(3) 170(B)(1) (A)(VI) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION R 10666004