Pier55 Inc
- Assets
- $281.4m
- Revenue
- $61.5m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2703610
Organization Overview
Pier55 Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pier55 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, Pier55 Inc generated $61.5m 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 (6.5%) each year. All expenses for the organization totaled $16.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHITECTURE, CONSULTANT, PROFESSIONAL EXPENSES INCURRED TO REDEVELOP AND REDESIGN THE PIER TO PROVIDE FLEXIBLE PARK AND EVENT SPACE.
LITTLE ISLAND IS A NEW PUBLIC PARK, LOCATED IN HUDSON RIVER PARK, WHERE ALL NEW YORKERS AND VISITORS CAN EXPERIENCE NATURE AND ART IN A UNIQUE URBAN OASIS ON THE HUDSON RIVER. THE PARK FEATURES A LUSH, SEASONAL, LANDSCAPE WITH ROLLING HILLS, WINDING PATHWAYS AND DAZZLING VIEWS COUPLED WITH PROGRAMMING THAT INCLUDES MUSIC, DANCE, THEATER, POETRY, COMEDY AND ARTS WORKSHOPS FOR ALL AGES.
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 |
|---|---|---|---|
Patricia Sanatini Executive Director | 40 | $320,385 | |
Celine Armstrong Project Manager | 40 | $294,140 | |
Robert Hammond Director | 5 | $200,000 | |
Laura Clement Chief Operating Officer | 40 | $188,672 | |
Julia Kraus Producer | 40 | $128,808 | |
Olivia Arnow Project Assistant | 40 | $127,820 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Macktez Corporation | 12/30/21 | $368,638 |
Empire Technical Fabrication | 12/30/21 | $869,333 |
Brightview Landscapes Llc | 12/30/21 | $559,975 |
Savory Labs Llc | 12/30/21 | $412,486 |
Prg Scenic Technologies | 12/30/21 | $302,160 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,579,695 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,240 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$363,295 |
| Capital Gain Net Income | $18,816,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $253,579 |
| Other Income | $0 |
| Total Revenue | $61,475,219 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $962,949 |
| Other employee salaries and wages | $4,829,326 |
| Pension plans, employee benefits | $1,064,222 |
| Interest | $0 |
| Taxes | $18,965 |
| Depreciation | $301,998 |
| Occupancy | $199,006 |
| Travel, conferences, and meetings | $55,962 |
| Printing and publications | $43,369 |
| Other expenses | $4,597,933 |
| Total operating and administrative expenses | $16,727,418 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,727,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,545,678 |
| Savings and temporary cash investments | $47,128,291 |
| Net Accounts receivable | $34,354 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,800 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,188,981 |
| Other assets | $226,488,818 |
| Total assets | $281,389,922 |
| Accounts payable and accrued expenses | $460,896 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $460,896 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pier55 Inc has recieved totaling $5,000,000.
| Awarding Organization | Amount |
|---|---|
Herbert Allen Foundation New York, NY PURPOSE: UNSRESTRICTED | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |