Asphalt Green Inc
- Assets
- $36.4m
- Revenue
- $26.8m
- Investments
- $622.3k
- Employees
- 395
- Location
- New York, NY
- Founding
- 12/1975
- Data as of
- 06/2022
- 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 06/2022, Asphalt Green Inc employed 395 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 06/2022, Asphalt Green Inc generated $26.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $26.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew J Nussbaum Director | Trustee | 2 | $0 |
Kirsten Feldman Director | Trustee | 2 | $0 |
Caroline Hribar Co-Chair | OfficerTrustee | 2 | $0 |
Patricia Saunders Director | Trustee | 2 | $0 |
Thomas Newman Director | Trustee | 2 | $0 |
Jon Banner Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metro Team Outfitters Sports Uniforms | 6/29/22 | $288,296 |
Zubatkin Owner Representation Building Project Management | 6/29/22 | $237,016 |
Musco Sports Lighting Manufacture Of Field Lighting | 6/29/22 | $172,260 |
Aspen Leadership Group Executive Search And Consulting | 6/29/22 | $163,907 |
Uhy Advisors Accounting Services | 6/29/22 | $140,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $997,115 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,526,018 |
| Total Program Service Revenue | $22,562,477 |
| Investment income | $406,050 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,317,099 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,811,644 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,883,837 |
| Pension plan accruals and contributions | $1,102,675 |
| Other employee benefits | $2,067,275 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $31,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $653,558 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $657,238 |
| Travel | $278,180 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,862,737 |
| Insurance | $1,054,467 |
| All other expenses | $1,279,010 |
| Total functional expenses | $26,837,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,051,163 |
| Savings and temporary cash investments | $868,883 |
| Pledges and grants receivable | $309,348 |
| Accounts receivable, net | $294,664 |
| 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 | $351,567 |
| Net Land, buildings, and equipment | $10,829,044 |
| Investments—publicly traded securities | $15,705,689 |
| Investments—other securities | $622,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $408,566 |
| Total assets | $36,441,252 |
| Accounts payable and accrued expenses | $3,232,603 |
| Grants payable | $0 |
| Deferred revenue | $7,803,876 |
| 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 | $71,816 |
| Unsecured mortgages and notes payable | $56,003 |
| Other liabilities | $524,568 |
| Total liabilities | $11,688,866 |
| Net assets without donor restrictions | $16,634,280 |
| Net assets with donor restrictions | $8,118,106 |
| 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 | $36,441,252 |