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Central Park Conservancy INC

Public charity990-T FY2023
DBA: % STEPHEN SPINELLI CFO
Other · NEW YORK, NY · EIN 13-3022855

About

Organization's mission: the central park conservancy oversees ALL aspects of the care, maintenance and restoration of new YORK's most iconic public space, central park. This work allows the park's 843-acres to serve as a source of respite and relaxation, impacting the physical and mental well-being of city residents, and more than 40-million people who visit the park each year. The mission of the central park conservancy is to preserve and celebrate central park as a sanctuary from the PACE and pressure of city life, enhancing the enjoyment and wellbeing of ALL. Our guiding principle is that central park is a masterpiece of landscape architecture created to provide a profoundly democratic space and green respite for the city and ALL its people and to establish new YORK as one of the great cities of the world. The conservancy honors its commitment to this iconic public space by applying its DEEP expertise in urban park management; by partnering with the community and the city of new YORK; and by marshalling ALL of the resources necessary for the park's long-term care. The conservancy's work is founded on the belief that citizen leadership and private philanthropy are key to ensuring that the park and its essential purpose endure. Harlem MEER center: in february 2019, the conservancy entered into pledge agreements with four donors to provide $100 million (collectively) in funding to be paid over a five-year period for the construction, operation and management of a new POOL and ICE RINK. The pledge agreements contained provisions that the conservancy viewed as conditional promises. Pledge payments received prior to meeting conditional promises were recorded as deferred revenue. In fiscal-year 2021, the conservancy MET the donor-imposed conditions to fully recognize pledged contributions in accordance with generally accepted accounting principles. As of JUNE 30, 2024, there were no contributions receivable remaining to be collected from donors.

In care of Stephen Spinelli CFO

Donations are tax-deductible
Category
Other
Employees
499
Volunteers
2,256

Financial Snapshot

FY ending 2024-06-30
Revenue
$200.2M
Expenses
$150.3M
Assets
$677.4M
Liabilities
$55.4M

Financial history

$200.2M$100.1M$0
161718192021222324
RevenueExpenses
Latest FY2024: $200.2M · Avg: $111.0M

Foreign activity (Schedule F)

Total spent abroad$145.6M
Foreign employees0
Foreign offices0
Foreign partnership interestYes
Foreign trust interestNo
RegionActivitySpent
EUROPE
CENTRAL AMERICA / CARIBBEAN
NORTH AMERICA
SUB-SAHARAN AFRICA

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$239K
Grants Given
$10K
CENTRAL PARK CONSERVANCY INC
Your actions

Address

717 5TH Avenue
New YORK, NY, 10022-810

Governance

Voting board members52
Independent members51
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %29.8%
Permanent endowment %42.0%
Endowment held by related orgNo

Fundraising activity (Schedule G)

Uses professional fundraisersYes
Gross fundraising receipts$7.9M
Net to org$7.6M
Retained by contractors$328K
ChannelsMail · Email · In-person · Grant solicitation
Public records
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