Brooklyn Bridge Park Corporation
- Assets
- $410.5m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 67
- Location
- Brooklyn, NY
- Founding
- 03/2011
- Data as of
- 06/2021
- EIN
- 27-2846763
Organization Overview
Brooklyn Bridge Park Corporation, operating under the name Brooklyn Bridge Park, is located in Brooklyn, NY. The organization was established in 2011. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2021, Brooklyn Bridge Park employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brooklyn Bridge Park 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, Brooklyn Bridge Park generated $25.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $31.9m 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
THE BROOKLYN BRIDGE PARK CORPORATION, D/B/A BROOKLYN BRIDGE PARK ("BBP"), IS THE ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85-ACRE SUSTAINABLE WATERFRONT PARK STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. BBP'S MISSION IS TO CREATE AND MAINTAIN A WORLD CLASS PARK THAT IS A RECREATIONAL, ENVIRONMENTAL AND CULTURAL DESTINATION ENJOYED BY THE RESIDENTS OF, AND VISITORS TO, NEW YORK CITY. BBP OPERATES UNDER A MANDATE, EMBODIED BY ITS GENERAL PROJECT PLAN, TO BE FINANCIALLY SELF-SUSTAINING, WHICH INCLUDES THE ACTIVATION OF CERTAIN DEVELOPMENT SITES WITHIN THE PROJECT'S FOOTPRINT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKLYN BRIDGE PARK (BBP), IS THE NOT-FOR-PROFIT ENTITY RESPONSIBLE FOR THE PLANNING, CONSTRUCTION, MAINTENANCE AND OPERATION OF BROOKLYN BRIDGE PARK, AN 85 ACRE SUSTAINABLE WATERFRONT PAKR STRETCHING 1.3 MILES ALONG BROOKLYN'S EAST RIVER SHORELINE. THROUGHOUT THE YEAR HUNDREDS OF THOUSANDS OF VISITORS COME TO THE PARK TO EXPERIENCE A DIVERSE ARRAY OF ARTS, CULTURAL, AND RECREATIONAL PROGRAMS. ONGOING PROJECTS THROUGH THE YEAR INCLUDE CONSTRUCTION OF THE PIER 2 UPLANDS WHICH WILL ADD 3.4 ACRES OF PARKLAND TO BBP. THE MAIN FEATURE OF THIS SECTION WILL BE A WATER GARDEN CONTAINING PIER REMNANTS AND AN EXCITING WATER PLAY FEATURE. ADJACENT TO THE WATER FEATURE WILL BE A 6,300 SQUARE FOOT LAWN FEATURING A SEATING AREA MADE FROM SALVAGED GRANITE.
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 |
|---|---|---|---|
Eric Landau President | Officer | 35 | $227,950 |
David Lowin Evp | 35 | $182,246 | |
Jeffrey Sandgrund COO | 35 | $181,869 | |
Sarah Krauss Chief Of Staff & Vp, Pub. | 35 | $175,729 | |
Jelani Watkins Treasurer/cfo | Officer | 35 | $169,506 |
Amy Lojek Secretary/general Counsel | Officer | 35 | $157,793 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Starr Industries Llc Construction Services | 6/29/21 | $155,040 |
Reicon Group Llc Construction Services | 6/29/21 | $13,398,757 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,281,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,281,494 |
| Total Program Service Revenue | $20,773,333 |
| Investment income | $256,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,310,971 |
| 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. | $705,643 |
| Compensation of current officers, directors, key employees. | $431,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,098,040 |
| Pension plan accruals and contributions | $256,126 |
| Other employee benefits | $1,023,841 |
| Payroll taxes | $507,555 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,843 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,289,007 |
| Advertising and promotion | $0 |
| Office expenses | $561,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,127,342 |
| Travel | $52,936 |
| 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 | $15,887,012 |
| Insurance | $257,239 |
| All other expenses | $0 |
| Total functional expenses | $31,878,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,692,013 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $464,299 |
| 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 | $121,096 |
| Net Land, buildings, and equipment | $284,657,791 |
| Investments—publicly traded securities | $27,638,074 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $82,955,304 |
| Total assets | $410,528,577 |
| Accounts payable and accrued expenses | $14,712,196 |
| Grants payable | $0 |
| Deferred revenue | $4,190,893 |
| 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 | $7,366,056 |
| Total liabilities | $26,269,145 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $284,657,791 |
| Retained earnings, endowment, accumulated income, or other funds | $99,601,641 |
| Total liabilities and net assets/fund balances | $410,528,577 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brooklyn Bridge Park Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
New York University New York, NY PURPOSE: SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Bridge Park Corporation Brooklyn, NY | $410,528,577 | $25,310,971 |
Inspirica Inc Stamford, CT | $38,438,849 | $9,454,101 |
Rewarding Environments For Adultliving Inc Elmont, NY | $6,389,376 | $6,709,006 |
Harlem Lacrosse And Leadership Corporation New York, NY | $2,915,816 | $6,267,239 |
Community Rowing Inc Brighton, MA | $16,273,081 | $6,722,803 |
Josiah Willard Hayden Recreation Center Inc Lexington, MA | $26,597,268 | $5,479,768 |
Monroe Community Sports Centre Corporation Rochester, NY | $10,874,985 | $2,546,542 |
Pilgrim Skating Arena Inc Hingham, MA | $11,883,485 | $3,566,472 |
Section Viii Of The New York State Public High Sch Athletic Assn Inc Garden City, NY | $2,112,612 | $1,625,215 |
St George Community Center I Inc Brooklyn, NY | $100,070 | $1,691,089 |
Knox Inc Hartford, CT | $1,543,474 | $1,697,399 |
Atlantic City Sports Commission Inc Atlantic City, NJ | $24,469 | $1,394,636 |