Prospect Park Alliance Inc
- Assets
- $34.5m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 202
- Location
- Brooklyn, NY
- Founding
- 03/1987
- Data as of
- 06/2021
- EIN
- 11-2843763
Organization Overview
Prospect Park Alliance Inc is located in Brooklyn, NY. The organization was established in 1987. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Prospect Park Alliance Inc employed 202 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Park Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Prospect Park Alliance Inc generated $14.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IN PARTNERSHIP WITH THE CITY OF NEW YORK AND THE COMMUNITY, THE PROSPECT PARK ALLIANCE RESTORES, DEVELOPS, AND OPERATES PROSPECT PARK FOR THE ENJOYMENT OF ALL BY CARING FOR THE NATURAL ENVIRONMENT, PRESERVING HISTORIC DESIGN, AND SERVING THE PUBLIC THROUGH FACILITIES AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VISITOR SERVICES AND EVENTS: PROSPECT PARK RECEIVES MORE THAN 10 MILLION VISITS EACH YEAR AND THE ALLIANCE SERVES VISITORS TO THE PARK BY OFFERING A VARIETY OF FEE-BASED RECREATIONAL ACTIVITIES, PUBLIC AND PRIVATE EVENTS, AND FOOD SERVICE OPERATIONS. RECREATIONAL ACTIVITIES INCLUDE A YEAR-ROUND TENNIS CENTER AND CAROUSEL RIDES IN THE SUMMER. FOOD AND BEVERAGE SERVICES ARE AVAILABLE FOR REFRESHMENT, PRIVATE EVENTS MAY BE HELD AT A NUMBER OF DIFFERENT LOCATIONS, AND PUBLIC EVENTS ARE COORDINATED THROUGHOUT THE YEAR. THE ALLIANCE SUBLICENSES THE LEFRAK CENTER AND WORKS CLOSELY WITH THE OPERATOR TO PROVIDE A VARIETY OF YEAR ROUND RECREATIONAL ACTIVITIES.
DESIGN AND CONSTRUCTION: PROSPECT PARK ALLIANCE RESTORES THE LANDSCAPE AND BUILDINGS WITHIN THE PARK WHILE PRESERVING THE HISTORIC DESIGN. PROJECTS ARE TAKEN THROUGH A DESIGN AND APPROVAL PROCESS, IN PARTNERSHIP WITH THE CITY OF NEW YORK DEPARTMENT OF PARKS AND RECREATION, AND ARE SUPERVISED DURING CONSTRUCTION BY PROSPECT PARK ALLIANCE. PROJECTS DESIGNED BY PROSPECT PARK ALLIANCE HAVE WON A NUMBER OF PRESTIGIOUS AWARDS.
FIELD OPERATIONS: PROSPECT PARK ALLIANCE PARTNERS WITH THE CITY OF NEW YORK DEPARTMENT OF PARKS AND RECREATION (NYC PARKS) IN CARING FOR THE PARK'S NATURAL ENVIRONMENT. THE LANDSCAPE MANAGEMENT TEAM MONITORS, RESTORES AND MAINTAINS 250 ACRES OF NATURAL AREAS, COORDINATING VOLUNTEERS AND THE ALLIANCE'S WOODLANDS YOUTH CREW IN THIS WORK. THE ALLIANCE ALSO PROVIDES MAINTENANCE STAFF, SUPPLEMENTING THE STAFF OF NYC PARKS IN CLEANING THE PARK AS WELL AS PROVIDING A CREW TO MAKE REPAIRS.
PROSPECT PARK ALLIANCE OFFERS EDUCATIONAL PROGRAMS TEACHING VISITORS ABOUT THE NATURAL WORLD AND ITS STEWARDSHIP, HELPING TO SUPPORT THE ALLIANCE'S MISSION TO MAINTAIN THE PARK AS A RESOURCE FOR NEW YORK CITY, ESPECIALLY THOSE NEW YORKERS FROM UNDERSERVED AND LOW TO MID-INCOME NEIGHBORHOODS. THE PARK'S AUDUBON CENTER AND LEFFERTS HISTORIC HOUSE MUSEUM PROVIDE IMPORTANT EDUCATIONAL AND CULTURAL PROGRAMMING. PROSPECT PARK ALSO HAS A VERY ACTIVE VOLUNTEER CORPS THAT IS MADE UP OF COMMUNITY MEMBERS WHO DONATE THEIR TIME AND ENERGY AND ARE CRITICAL TO THE ONGOING MAINTENANCE AND RESTORATION OF THE PARK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Donoghue President / Ex-Officio Board Member | OfficerTrustee | 40 | $263,154 |
James Snow Chief Operating Officer / Chief Financial Officer | OfficerTrustee | 40 | $213,951 |
Christian Zimmerman VP For Capital And Landscape Mgmt | Officer | 40 | $154,998 |
Susan Sharer VP For Development | Officer | 40 | $136,700 |
Maria Carrasco VP For Public Programs | 40 | $116,150 | |
Charles R Jacob III Vice Chairman / Board Member | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orr Group Inc Fundraising Consulting Services | 6/29/21 | $101,330 |
Aceum Partners Llc Hr Consulting | 6/29/21 | $151,657 |
Barnhart Restoration And Design Corp General Contracting | 6/29/21 | $363,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $602,732 |
| Fundraising events | $541,176 |
| Related organizations | $0 |
| Government grants | $1,823,090 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,187,656 |
| Noncash contributions included in lines 1a–1f | $558,186 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,154,654 |
| Total Program Service Revenue | $4,539,393 |
| Investment income | $655,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $228,664 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $41,438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,619,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $805,509 |
| Compensation of current officers, directors, key employees. | $357,836 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,064,387 |
| Pension plan accruals and contributions | $72,657 |
| Other employee benefits | $747,495 |
| Payroll taxes | $351,350 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $111,860 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,394,240 |
| Advertising and promotion | $14,287 |
| Office expenses | $81,982 |
| Information technology | $139,917 |
| Royalties | $0 |
| Occupancy | $471,262 |
| Travel | $119 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,773 |
| Interest | $45 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,648 |
| Insurance | $296,387 |
| All other expenses | $76,314 |
| Total functional expenses | $9,660,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,456,733 |
| Savings and temporary cash investments | $4,798,315 |
| Pledges and grants receivable | $2,828,624 |
| Accounts receivable, net | $1,077,578 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,437 |
| Prepaid expenses and deferred charges | $141,386 |
| Net Land, buildings, and equipment | $175,927 |
| Investments—publicly traded securities | $22,868,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,614 |
| Total assets | $34,463,999 |
| Accounts payable and accrued expenses | $1,774,408 |
| Grants payable | $0 |
| Deferred revenue | $1,117,556 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,891,964 |
| Net assets without donor restrictions | $23,586,814 |
| Net assets with donor restrictions | $7,985,221 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,463,999 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Prospect Park Alliance Inc has recieved totaling $56,809.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $10,000 |
Aquidneck Foundation Chestnut Hill, MA PURPOSE: UNRESTRICTED CONTRIBUTION | $10,000 |
Association Of Charles Evans Housing Foundation New York, NY PURPOSE: CHARITABLE GIVING | $5,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,049 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $1,760 |
Endowment Analysis
| Beg. Balance | $20,015,371 |
| Earnings | $4,628,619 |
| Net Contributions | $155,270 |
| Other Expense | -$1,783,211 |
| Ending Balance | $26,582,471 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |