Riverside Park Conservancy Inc
- Assets
- $11.4m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 80
- Location
- New York, NY
- Founding
- 12/1988
- Data as of
- 12/2021
- EIN
- 13-3443825
Organization Overview
Riverside Park Conservancy Inc is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2021, Riverside Park Conservancy Inc employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Park Conservancy 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 12/2021, Riverside Park Conservancy Inc generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $7.5m during the year ending 12/2021. While expenses have increased by 11.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE MISSION OF THE CONSERVANCY IS TO RESTORE, MAINTAIN, AND IMPROVE RIVERSIDE PARK
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIELD OPERATIONS AND VOLUNTEERS:THESE PROGRAMS INCLUDE MAINTENANCE AND RESTORATION WORK PERFORMED IN THE PARK, EITHER BY PAID STAFF, OUR VOLUNTEERS, OR OUTSIDE CONTRACTORS. THEY CAN INCLUDE HORTICULTURAL RESTORATION AND CARE, BALLFIELD CARE, TENNIS COURT MAINTENANCE, PAINTING, AND SMALL REPAIRS, E.G., BY ELECTRICIANS, PLUMBERS, MASONS, OR OTHERS HIRED BY THE CONSERVANCY. FIELD OPERATIONS ALSO INCLUDES THE PURCHASE OF VEHICLES AND EQUIPMENT TO SUPPORT THIS WORK.
PUBLIC PROGRAMS & EVENTS:THESE PROGRAMS OFFERED TO GENERAL PUBLIC, EITHER FREE OR FOR A FEE. FREE EVENTS MAY INCLUDE CONCERTS, YOGA OUTDOOR MOVIES, CHILDREN'S PROGRAMS, AND LARGE EVENTS SUCH AS THE WESTSIDE COUNTY FAIR, IRISH ARTS FESTIVAL, LITTLE RED LIGHTHOUSE FESTIVAL, AND THE HOLIDAY TREE LIGHTING. EVENTS FOR A FEE MAY INCLUDE ACTIVITIES SUCH AS TENNIS LESSONS AND SPORTS CAMP.
DESIGN AND CONSTRUCTION:THIS REFERS TO CAPITAL IMPROVEMENTS IN THE PARK. FOR 2018 THESE INCLUDED THE RECONSTRUCTION OF THE BLUESTONE STEP-RAMP AT 97TH STREET, INSTALLATION OF NEW PLAYGROUND EQUIPMENT AT THE 83RD STREET PLAYGROUND, RESETTING AND POINTING OF STONE AT THE 102ND ST OVERLOOK AND THE ONGOING RESTORATION OF THE FIELD HOUSE. GENERALLY, THESE ARE PAYMENTS TO OUTSIDE CONTRACTORS BUT MAY ALSO INCLUDE ASSOCIATED COSTS SUCH AS PRINTING AND COPYING DESIGN DRAWINGS, SIGNAGE, PERMIT FEES, AND RELATED POSTAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Garodnick Chief Executive Officer & | Officer | 40 | $300,000 |
Margaret Holen Vice Chair | OfficerTrustee | 1 | $0 |
Micah C Lasher Chairman | OfficerTrustee | 1 | $0 |
John L Mascialino Vice Chair | OfficerTrustee | 1 | $0 |
Adam Zoia Treasurer | OfficerTrustee | 1 | $0 |
April Lane Benson Former Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carlos Oliveira Soccer Academy Sports Camp Providers | 12/30/19 | $188,335 |
Kids Of Summer Sports Camp Providers | 12/30/19 | $266,513 |
Nastasi Builders Llc Construction | 12/30/19 | $144,488 |
Ncheng Llp Accounting | 12/30/19 | $142,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $46,817 |
| Fundraising events | $641,812 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,134,782 |
| Noncash contributions included in lines 1a–1f | $1,509,275 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,823,411 |
| Total Program Service Revenue | $3,459,977 |
| Investment income | $33,279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$103,205 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,288,014 |
| 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. | $300,000 |
| Compensation of current officers, directors, key employees. | $49,351 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,169,284 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $351,273 |
| Payroll taxes | $216,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $175,106 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,280 |
| Advertising and promotion | $0 |
| Office expenses | $193,489 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,752 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,819 |
| Insurance | $15,890 |
| All other expenses | $167,265 |
| Total functional expenses | $7,543,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,066,866 |
| Savings and temporary cash investments | $6,067,343 |
| Pledges and grants receivable | $971,022 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,745 |
| Net Land, buildings, and equipment | $2,483 |
| Investments—publicly traded securities | $2,250,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,373,583 |
| Accounts payable and accrued expenses | $977,571 |
| Grants payable | $0 |
| Deferred revenue | $1,112,221 |
| 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 | $2,089,792 |
| Net assets without donor restrictions | $3,093,491 |
| Net assets with donor restrictions | $6,190,300 |
| 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 | $11,373,583 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Riverside Park Conservancy Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Letzler Family Foundation Las Vegas, NV PURPOSE: TO PROVIDE HORTICULTURAL CARE FOR RIVERSIDE PARK | $500 |
Anthony Ford Charitable Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $500 |
Endowment Analysis
| Beg. Balance | $5,044,018 |
| Earnings | $317,853 |
| Net Contributions | $2,513,459 |
| Other Expense | $1,685,030 |
| Ending Balance | $6,190,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverside Park Conservancy Inc New York, NY | $11,373,583 | $9,288,014 |
Hudson Highlands Fjord Trail Inc Poughkeepsie, NY | $51,752,630 | $44,608,311 |
Populace Inc Burlington, MA | $7,053,458 | $3,527,692 |
Friends Of The Public Garden Inc Boston, MA | $33,599,493 | $7,098,288 |
Foundation For Pennsylvaniawatersheds Johnstown, PA | $2,712,127 | $3,307,572 |
Friends Of Rye Nature Center Inc Rye, NY | $2,439,536 | $2,200,140 |
Planting Fields Foundation Oyster Bay, NY | $28,898,888 | $1,054,105 |
Isaac W Bernheim Trust Pittsburgh, PA | $18,226,582 | $1,565,907 |
Sustainable Pittsburgh Pittsburgh, PA | $1,722,770 | $1,252,857 |
Jenkins Arboretum & Gardens Devon, PA | $25,174,273 | $1,391,960 |
North Branch Nature Center Inc Montpelier, VT | $1,632,113 | $930,075 |
Bayard Cutting Arboretum Endowment Fund Pittsburgh, PA | $12,350,666 | $1,940,943 |