Asphalt Green Inc
- Assets
- $39.8m
- Revenue
- $15.9m
- Investments
- $622.3k
- Employees
- 586
- Location
- New York, NY
- Founding
- 12/1975
- Data as of
- 06/2021
- EIN
- 13-6533158
Organization Overview
Asphalt Green Inc is located in New York, NY. The organization was established in 1975. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Asphalt Green Inc employed 586 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asphalt Green 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, Asphalt Green Inc generated $15.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $20.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 6 years. 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
SPORT AND FITNESS ORGANIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES USAGE - INCLUDES USAGE OF POOL AND FITNESS CENTER. BENEFITED APPROXIMATELY 7,500 PEOPLE DURING THE YEAR.
PROGRAMS - INCLUDES AQUATICS, EXERCISE PROGRAMS, SPORTS, MARTIAL ARTS, AND CAMPS. BENEFITED APPROXIMATELY 11,250 PEOPLE DURING THE YEAR.
FREE COMMUNITY PROGRAMS & USAGE - INCLUDES USAGE OF POOL, FIELD, GYM, THEATER, SPORTS, AQUATICS AND OTHER PROGRAMS. BENEFITED APPROXIMATELY 5,000 PEOPLE DURING THE YEAR.
OTHER PROGRAM SERVICES INCLUDES THE FOLLOWING: 1) FACILITIES RENTAL - INCLUDES THE RENTAL OF THE POOL, GYM, THEATER, STUDIOS AND ASTROTURF FIELD. 2)THE ASPHALT GREEN BATTERY PARK CITY FACILITY FORMALLY BEGAN ITS OPERATIONS IN JUNE 2013 UNDER AN AMENDED MANAGEMENT-SERVICES AGREEMENT (THE "MARCH 2013 AGREEMENT"). UNDER THIS MARCH 2013 AGREEMENT, BATTERY PARK CITY AUTHORITY LEASED TO ASPHALT GREEN THE PREMISES AS DEFINED IN THE AGREEMENT. THE PREMISES ARE LEASED FOR ATERM OF APPROXIMATELY TEN YEARS, WHICH STARTED ON MAY 1, 2013 AND WILL END IN JUNE 2023, OR ON THE LAST DAY OF ANY EXTENDED TERM PURSUANT TO THE LEASE AGREEMENT. RENTAL PAYMENTS WILL BE CALCULATED ON A FEE STRUCTURE THAT IS BASED ON A PERCENTAGE OF AGPBC'S OPERATING REVENUE AND THE PAYMENTS WILL BEGAN ON JULY 1, 2019. THE ESTIMATED FUTURE MINIMUM RENTAL PAYMENTS, THROUGH FISCAL-YEARS 2021, 2022, 2023, ARE $209,644, $242,881, AND $274,850, RESPECTIVELY, TOTALING $727,735.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Siegel Executive Director | Officer | 40 | $341,361 |
Marcus Farny Chief Operating Officer | Officer | 40 | $215,560 |
David Rodriguez Director Of Aquatics | Officer | 40 | $183,190 |
Dean L Somer Director Of Finance | Officer | 40 | $152,962 |
Pedro Raicovich Chief Administrative Officer | Officer | 40 | $131,695 |
Regina Yoa-Reese Director Of Human Resources | 40 | $129,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eagle Electrical Contracting Electrician | 6/29/20 | $106,534 |
Venable Llp Legal Fees | 6/29/20 | $148,149 |
Helpern Architects Pc Architects | 6/29/20 | $117,373 |
Metro Team Outfitters Athletic Supplies | 6/29/20 | $242,184 |
The Rainbow Room Space Rental | 6/29/20 | $101,990 |
Metro Team Outfitters Athletic Supplies | 6/29/20 | $242,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $359,183 |
| Related organizations | $0 |
| Government grants | $38,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,729,360 |
| Noncash contributions included in lines 1a–1f | $106,793 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,126,677 |
| Total Program Service Revenue | $13,056,925 |
| Investment income | $406,187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $261,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,850,846 |
| 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. | $1,555,851 |
| Compensation of current officers, directors, key employees. | $237,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,498,956 |
| Pension plan accruals and contributions | $313,343 |
| Other employee benefits | $691,936 |
| Payroll taxes | $792,982 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $163,337 |
| Fees for services: Accounting | $67,000 |
| Fees for services: Lobbying | $39,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,386 |
| Fees for services: Other | $137,481 |
| Advertising and promotion | $115,138 |
| Office expenses | $104,194 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $373,451 |
| Travel | $155,815 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,606 |
| Interest | $4,960 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,980,493 |
| Insurance | $906,942 |
| All other expenses | $460,694 |
| Total functional expenses | $20,459,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,057,908 |
| Savings and temporary cash investments | $1,341,350 |
| Pledges and grants receivable | $326,940 |
| Accounts receivable, net | $109,160 |
| 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 | $295,347 |
| Net Land, buildings, and equipment | $12,696,326 |
| Investments—publicly traded securities | $17,902,797 |
| Investments—other securities | $622,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $474,296 |
| Total assets | $39,826,452 |
| Accounts payable and accrued expenses | $2,926,935 |
| Grants payable | $0 |
| Deferred revenue | $6,745,276 |
| 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 | $473,661 |
| Unsecured mortgages and notes payable | $5,506,590 |
| Other liabilities | $470,496 |
| Total liabilities | $16,122,958 |
| Net assets without donor restrictions | $13,990,009 |
| Net assets with donor restrictions | $9,713,485 |
| 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 | $39,826,452 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asphalt Green Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
Endowment Analysis
| Beg. Balance | $5,408,526 |
| Earnings | $2,361,066 |
| Other Expense | $181,656 |
| Ending Balance | $7,587,936 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side House Inc Bronx, NY | $42,784,414 | $25,630,486 |
Asphalt Green Inc New York, NY | $39,826,452 | $15,850,846 |
Edith And Carl Marks Jewish Community House Of Bensonhurst Inc Brooklyn, NY | $17,259,322 | $10,181,997 |
Springfield Jewish Community Center Inc Springfield, MA | $15,393,582 | $6,006,732 |
Mosholu-Montefiore Community Center Inc Bronx, NY | $20,931,089 | $6,817,607 |
Jewish Community Center Of Atlantic County Margate, NJ | $9,439,064 | $6,677,274 |
Italian Center Of Stamford Inc Stamford, CT | $7,452,060 | $3,304,149 |
Raymond And Mirim Klein Jcc Philadelphia, PA | $5,761,678 | $5,591,664 |
Hale Education Inc Westwood, MA | $13,658,620 | $6,417,685 |
Community Center Of Northern Westchester Inc Katonah, NY | $3,328,800 | $5,498,991 |
Albany Jewish Community Center Albany, NY | $6,414,404 | $4,335,273 |
Mercy Center Inc Bronx, NY | $6,137,597 | $3,436,998 |