Randalls Island Park Alliance Inc
- Assets
- $13.2m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 105
- Location
- New York, NY
- Founding
- 10/1994
- Data as of
- 12/2021
- EIN
- 13-3787630
Organization Overview
Randalls Island Park Alliance Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Randalls Island Park Alliance Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randalls Island 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 12/2021, Randalls Island Park Alliance Inc generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. 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
TO WORK WITH THE CITY OF NEW YORK TO DEVELOP PROGRAMS AND MAINTAIN RANDALL'S ISLAND PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPLEMENT THE CITY BUDGET FOR THE CONTINUED MAINTENANCE ANDIMPROVEMENT OF RANDALL'S ISLAND PARK THROUGH THE FUNDING OF MAINTENANCE AND PARK STAFF AND THE PURCHASE OF SUPPLIES AND EQUIPMENT.
PROVIDE ATHLETIC, ENVIRONMENTAL, AND CULTURAL PROGRAMMING. THESE PROGRAMS PROVIDED SAFE INSTRUCTION FOR APPROXIMATELY 1,400 YOUNG PEOPLE IN 2021 WITH A FOCUS ON YOUTH FROM COMMUNITY-BASED ORGANIZATIONS AND PUBLIC SCHOOLS IN HARLEM AND THE SOUTH BRONX. ADDITIONAL FREE FAMILY-FRIENDLY PROGRAMMING WAS PROVIDED TO OVER 22,000 PEOPLE AT THE PARK DURING 2021.
SUPPLEMENT THE CITY BUDGET FOR THE CONTINUED MAINTENANCE AND IMPROVEMENT OF RANDALL'S ISLAND PARK. IN ADDITION, PROVIDE PROFESSIONAL AND DESIGN SERVICES RELATED TO PARK IMPROVEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maher Deborah President | OfficerTrustee | 55 | $252,476 |
Vazquez Louis Director Of Icahn Stadium | 40 | $150,739 | |
Wilson Anne Sr. Dir. Of Planning | 40 | $138,650 | |
Di Stefano Daeman Chief Financial Officer | Officer | 40 | $137,406 |
Egan Alex Chief Development Officer | 40 | $132,194 | |
Salerno David Deputy Administrator | 40 | $107,002 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Land Tek Group Construction Services | 12/30/18 | $302,272 |
Sprinturf Llc Replacement And Installation Of Turf Fie | 12/30/18 | $1,215,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,535,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,977,799 |
| Noncash contributions included in lines 1a–1f | $8,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,512,914 |
| Total Program Service Revenue | $2,812,108 |
| Investment income | $75,003 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,404,674 |
| 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. | $452,331 |
| Compensation of current officers, directors, key employees. | $247,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,130,044 |
| Pension plan accruals and contributions | $36,975 |
| Other employee benefits | $706,742 |
| Payroll taxes | $319,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,111 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $30,200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,932 |
| Fees for services: Other | $903,914 |
| Advertising and promotion | $58,223 |
| Office expenses | $433,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,996,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $675,688 |
| Savings and temporary cash investments | $5,803,542 |
| Pledges and grants receivable | $1,207,070 |
| 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 | $163,379 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,291,783 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,975 |
| Total assets | $13,239,437 |
| Accounts payable and accrued expenses | $401,571 |
| Grants payable | $0 |
| Deferred revenue | $37,085 |
| 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 | $438,656 |
| Net assets without donor restrictions | $12,288,011 |
| Net assets with donor restrictions | $512,770 |
| 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 | $13,239,437 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Randalls Island Park Alliance Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Fullgraf Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Klipper Family Foundation Woodbury, NY PURPOSE: DONATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Randalls Island Park Alliance Inc New York, NY | $13,239,437 | $9,404,674 |
Tr Park Place Corp Hartford, CT | $326,580 | $4,534,377 |
Army West Point Athletic Association Inc West Point, NY | $11,945,742 | $9,719,506 |
Westchester Parks Foundation Inc Mount Kisco, NY | $3,736,356 | $3,829,268 |
Usga Foundation Liberty Corner, NJ | $5,745,088 | $4,151,896 |
Green Mountain Club Inc Waterbury Center, VT | $15,141,741 | $4,420,217 |
National Rowing Foundation Inc Melrose, MA | $8,809,391 | $2,225,088 |
The Ball Family Foundation King of Prussia, PA | $4,322 | $1,729,500 |
Philly Races Inc Philadelphia, PA | $1,385,166 | $1,813,595 |
Mary A Cunningham Trust Milton, MA | $13,931,409 | $2,252,431 |
Percival P Baxter Trust Uw 14-0068 00-8 Pittsburgh, PA | $55,111,049 | $4,471,251 |
Untermyer Gardens Conservancy Yonkers, NY | $2,212,891 | $1,837,409 |