Central Park Conservancy INC FY2020 filing

Tax-deductible

New York, NY501(c)(3)Since 1980Recreation & SportsEIN 13-3022855Revenue $64.7M in FY2020

On file with the IRScentralparknyc.org717 5th Avenue, 10022-8101 · New York, NYTax-exempt since Jan 1980Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$4.1M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $35.1M a year · 23% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.1M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
31
named funders · $385K
Looks good: 31 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$49.6M
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
50
of 52 voting members
Looks good: 50 of 52 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64.7M
Spent
$73.3M
To programs
68%
Net assets
$339.9M
By yearFY2020–FY2025
Revenue
$64.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$64.7M
FY2021$172.7M
FY2022$147.8M
FY2023$148.0M
FY2024$200.2M
FY2025$172.9M
Expenses
$73.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$73.3M
FY2021$81.3M
FY2022$93.5M
FY2023$131.2M
FY2024$150.3M
FY2025$166.1M
Net assets
$339.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$339.9M
FY2021$480.0M
FY2022$504.0M
FY2023$539.0M
FY2024$622.1M
FY2025$669.4M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $50.1M Management & general 21% · $15.5M Fundraising 11% · $7.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

72 people listed on the 990; $4.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Ex-Officio (president & Ceo)
$650,173Pt VII · Sec A
Chief Financial Officer
$495,718Pt VII · Sec A
Ex-Officio (cp Administrator)
$427,340Pt VII · Sec A
VP of Wc & S/E Thru 6/19/19
$348,655Pt VII · Sec A
Chief Communications Officer
$288,193Pt VII · Sec A
VP of Planning, Design & Const
$229,447Pt VII · Sec A
VP of Landscape Managemnent
$227,379Pt VII · Sec A
$223,799Pt VII · Sec A

Ms Elizabeth W Smith’s $1.2M as Ex-Officio (president/Ceo) is at the 38th percentile of top reported officer pay among 21 $100M+ recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ms Elizabeth W Smith$1,211,800$885,583$1,138,875$703,227$560,172$650,173
Mr Stephen Spinelli$746,635$598,178$581,157$539,461$468,958$495,718
Mr Christopher Nolan——$561,545$510,401$438,526$427,340
Mr Roger Mosier$544,054$474,701$422,230———
Ms Andrea Buteau—$434,273$260,437$271,691——
Ms Mary Caraccioli$379,432$424,919$425,398$329,765$295,596$288,193
Ms Georgia Siampalioti——$390,525$85,615——
Ms Abigail Healy$337,405$356,291$364,171$271,094——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reconstructs public spaces and manages significant revenue streams for community projects.

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Provided by the organization

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3 programs · $48.4M · in their own filed words · FY2019
01

As the official manager of central park, the conservancy is responsible for the day-to-day maintenance operation of the park. Activities include: landscape maintenance, playground maintenance, tree care, turf care, and preservation of historic monuments. The conservancy has set new standards in excellence in park care.

$20.9Mprogram expense
02

Design and construction in connection with the restoration of central park as america's foremost urban public space. The conservancy has carried out a restoration management plan for the park, and managed the capital restoration of a number of significant landscapes and facilities.

$20.6Mprogram expense
03

The conservancy's public programs take advantage of the invaluable resources in central park providing education, recreation, and volunteer programs that serve the community. In addition, the conservancy provides services at the five following visitor centers in the park: charles a.

$6.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 31 funders →
Grants paid · 68 grants · $2.2M · 2019–2024
Nyc Department of Parks & RecreationFY2024$91,638
The Public TheaterNY · FY2024$49,570
City Parks Alliance INCDC · FY2024$25,000
New Yorkers for ParksNY · FY2024$20,000
Historic House Trust of New York CityDC · FY2024$5,181
Nyc Department of Parks & RecreationFY2023$93,893
The Public TheaterNY · FY2023$47,410
New Yorkers for ParksNY · FY2023$20,000
City Parks Alliance INCDC · FY2023$18,333
New York City Economic Development CorporationFY2022$250,000
Natural Areas Conservancy INCNY · FY2022$132,000
See all 68 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$64.7M
Ln 12
Gifts and grantsLn 1h$39.9M
Fees for servicesLn 2g$13.1M
Investment incomeLn 3$11.7M
Money outPt IX
$73.3M
Ln 25
Programscol B$50.1M
Managementcol C$15.5M
Fundraisingcol D$7.7M
Owns and owesPt X
$339.9M
net assets · Ln 32
Cash and savingsLn 1–2$86.8M
Total assetsLn 16$389.5M
LiabilitiesLn 26$49.6M
PeoplePt VI, VII
72
listed · VII A
PaidVII A15
Voting boardVI 1a52
IndependentVI 1b50
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39.9M
Noncash giftsLn 1g$708K
Fundraising eventsLn 1c$1.2M
Fees for servicesLn 2g$13.1M
Investment incomeLn 3$11.7M
Gains on assetsLn 7$6.9M
Total revenueLn 12$64.7M
Assets in detailPt X, end of year
CashLn 1$4.0M
SavingsLn 2$82.8M
Cash and savings togetherLn 1–2$86.8M
InvestmentsLn 11–13$266.6M
Land, buildings, equipmentLn 10c$3.3M
Other assetsLn 15$4.1M
Total assetsLn 16$389.5M
LiabilitiesLn 26$49.6M
Net assetsLn 32$339.9M
OperationsPt I, VI
EmployeesI 5376
VolunteersI 61,929
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$63.4M$86.8M
InvestmentsLn 11–13$286.1M$266.6M
Land, buildings, equipmentLn 10c$2.8M$3.3M
Total assetsLn 16$389.0M$389.5M
LiabilitiesLn 26$28.1M$49.6M
Net assetsLn 32$360.8M$339.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$414K$414K
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$3.1M$990K$1.7M$398K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$24.8M$18.4M$3.6M$2.7M
Pension plan contributionsLn 8$1.6M$1.1M$351K$187K
Other employee benefitsLn 9$4.5M$3.1M$859K$483K
Payroll taxesLn 10$2.2M$1.5M$332K$276K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$113K$113K
Lobbying feesLn 11d$218K$218K
Professional fundraising feesLn 11e$398K$398K
Investment management feesLn 11f$4.3M$4.3M
Other fees for servicesLn 11g$10.1M$5.6M$2.9M$1.5M
Advertising and promotionLn 12$205K$27K$21K$157K
Office expensesLn 13$2.6M$2.3M$47K$272K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.8M$1.0M$179K$573K
TravelLn 17$60K$36K$7K$17K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$463K$244K$192K$27K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.1M$862K$227K$56K
InsuranceLn 23$423K$248K$42K$133K
Other expenses (24a–d)Ln 24$12.7M$12.1M$183K$392K
All other expensesLn 24e$2.1M$1.9M$120K$110K
Total functional expensesLn 25$73.3M$50.1M$15.5M$7.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $172.9M$166.1M$6.8M$669.4M 990 PDF
FY2024 $200.2M$150.3M$49.9M$622.1M 990 PDF
FY2023 $148.0M$131.2M$16.8M$539.0M 990 PDF
FY2022 $147.8M$93.5M$54.3M$504.0M 990 PDF
FY2021 $172.7M$81.3M$91.4M$480.0M 990 PDF
FY2020 Viewing $64.7M$73.3M−$8.6M$339.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $64,665,936 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $44,316,472$39,856,615
I-9 Program service revenuePrior year $10,133,628$13,141,325
I-10 Investment incomePrior year $12,889,333$11,694,437
I-11 Other revenuePrior year −$1,667,894−$26,441
I-12 Total revenuePrior year $65,671,539$64,665,936
I-13 Grants and similar amounts paidPrior year $607,231$413,688
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $32,654,160$36,163,280
I-16a Professional fundraising feesPrior year $298,062$398,031
I-17 Other expensesPrior year $43,855,370$36,285,409
I-18 Total expensesPrior year $77,414,823$73,260,408
I-19 Revenue less expensesPrior year −$11,743,284−$8,594,472
Part VI · Governance 50 of 52 board members independent, 1 to look at
VI-1a Voting members of the governing body52
VI-1b Independent voting members50
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $64,665,936 across 12 lines filed
Lines not itemized here account for $635,408 of total revenue; see the IRS return.
VIII-1c Fundraising events$1,240,912
VIII-1f All other contributions, gifts and grants$38,615,703
VIII-1g Noncash contributions (included above)$708,468
VIII-1h Total contributions, gifts and grants$39,856,615
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,141,325$13,141,325
VIII-3 Investment incomeExcluded from tax $4,813,553$4,813,553
VIII-5 RoyaltiesExcluded from tax $41,019$41,019
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,880,884$6,880,884
VIII-8 Net income from fundraising eventsExcluded from tax −$671,861−$671,861
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$40,271 · Excluded from tax $9,264−$31,007
VIII-12 Total revenueRelated to mission $13,141,325 · Unrelated business −$40,271 · Excluded from tax $11,708,267$64,665,936
Part IX · Statement of functional expenses $73,260,408 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $413,688$413,688
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $989,658 · Management $1,741,312 · Fundraising $398,190$3,129,160
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $18,416,258 · Management $3,630,783 · Fundraising $2,708,260$24,755,301
IX-8 Pension plan contributionsPrograms $1,101,464 · Management $350,673 · Fundraising $186,792$1,638,929
IX-9 Other employee benefitsPrograms $3,142,164 · Management $859,498 · Fundraising $482,512$4,484,174
IX-10 Payroll taxesPrograms $1,548,203 · Management $331,512 · Fundraising $276,001$2,155,716
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $113,000$113,000
IX-11d Lobbying feesManagement $218,071$218,071
IX-11e Professional fundraising feesFundraising $398,031$398,031
IX-11f Investment management feesManagement $4,331,077$4,331,077
IX-11g Other fees for servicesPrograms $5,630,633 · Management $2,904,302 · Fundraising $1,522,530$10,057,465
IX-12 Advertising and promotionPrograms $26,855 · Management $20,756 · Fundraising $157,219$204,830
IX-13 Office expensesPrograms $2,324,519 · Management $46,950 · Fundraising $272,036$2,643,505
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,038,593 · Management $178,925 · Fundraising $572,561$1,790,079
IX-17 TravelPrograms $36,158 · Management $6,746 · Fundraising $17,395$60,299
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $244,318 · Management $191,728 · Fundraising $27,408$463,454
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $862,152 · Management $227,075 · Fundraising $55,960$1,145,187
IX-23 InsurancePrograms $248,497 · Management $41,661 · Fundraising $133,317$423,475
IX-24 Other expenses (24a–d)Programs $12,144,123 · Management $183,432 · Fundraising $392,349$12,719,904
IX-24e All other expensesPrograms $1,884,578 · Management $120,423 · Fundraising $110,062$2,115,063
IX-25 Total functional expensesPrograms $50,051,861 · Management $15,497,924 · Fundraising $7,710,623$73,260,408
Part X · Balance sheet $389,474,475 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $1,758,817$3,993,659
X-2 Savings and temporary cash investmentsStart of year $61,651,335$82,783,300
X-3 Pledges and grants receivableStart of year $19,925,052$18,892,182
X-4 Accounts receivableStart of year $11,564,901$8,517,591
X-8 Inventories for sale or useStart of year $236,898$200,009
X-9 Prepaid expenses and deferred chargesStart of year $1,197,618$1,150,263
X-10c Land, buildings and equipment, netStart of year $2,835,376$3,281,062
X-11 Publicly traded securitiesStart of year $82,515,851$51,732,310
X-12 Other securitiesStart of year $203,545,287$214,825,380
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $3,759,062$4,098,719
X-16 Total assetsStart of year $388,990,197$389,474,475
X-17 Accounts payable and accrued expensesStart of year $9,491,857$6,313,006
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $13,112,871$31,864,186
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$5,374,163
X-25 Other liabilitiesStart of year $5,538,638$6,013,919
X-26 Total liabilitiesStart of year $28,143,366$49,565,274
X-27 Net assets without donor restrictionsStart of year $95,774,694$89,247,878
X-28 Net assets with donor restrictionsStart of year $265,072,137$250,661,323
X-32 Total net assets or fund balancesStart of year $360,846,831$339,909,201
X-33 Total liabilities and net assetsStart of year $388,990,197$389,474,475
Part XI · Reconciliation of net assets $339,909,201 net assets at year end
XI-1 Total revenue$64,665,936
XI-2 Total expenses$73,260,408
XI-3 Revenue less expenses−$8,594,472
XI-4 Net assets at start of year$360,846,831
XI-5 Net unrealized gains (losses) on investments−$12,318,296
XI-9 Other changes in net assets−$24,862
XI-10 Net assets at end of year$339,909,201

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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