Central Park Conservancy INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)Since 1980Recreation & SportsEIN 13-3022855

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501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$3.8M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.8M
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 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
$22.5M
4% of total assets
Looks good: liabilities are 4% 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
$172.7M
+167% vs prior year
Spent
$81.3M
To programs
66%
Net assets
$480.0M
By yearFY2020–FY2025
Revenue
$172.7M
FY2021▲ +167%
Revenue by fiscal year
FY2020$64.7M
FY2021$172.7M
FY2022$147.8M
FY2023$148.0M
FY2024$200.2M
FY2025$172.9M
Expenses
$81.3M
FY2021▲ +11%
Expenses by fiscal year
FY2020$73.3M
FY2021$81.3M
FY2022$93.5M
FY2023$131.2M
FY2024$150.3M
FY2025$166.1M
Net assets
$480.0M
FY2021▲ +41%
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 FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

66 cents of each dollar spent went to programs.

Program services 66% · $53.8M Management & general 25% · $20.1M Fundraising 9% · $7.4M

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

66 people listed on the 990; $3.8M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Ex-Officio (president & Ceo)
$560,172Pt VII · Sec A
Chief Financial Officer
$468,958Pt VII · Sec A
Ex-Officio (cp Administrator)
$438,526Pt VII · Sec A
Chief Communications Officer
$295,596Pt VII · Sec A
VP of Finance
$257,480Pt VII · Sec A
VP of Landscape Management
$232,028Pt VII · Sec A
$227,539Pt VII · Sec A
VP of Planning, Design & Const
$222,825Pt 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.

See Central Park Conservancy INC executive salaries →

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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.

Provided by the organization

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3 programs · $51.8M · in their own filed words · FY2020
01

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.

$24.7Mprogram expense
02

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.

$23.6Mprogram 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.

$3.5Mprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$172.7M
Ln 12
Gifts and grantsLn 1h$134.5M
Investment incomeLn 3$22.9M
Fees for servicesLn 2g$14.5M
Money outPt IX
$81.3M
Ln 25
Programscol B$53.8M
Managementcol C$20.1M
Fundraisingcol D$7.4M
Owns and owesPt X
$480.0M
net assets · Ln 32
Cash and savingsLn 1–2$102.9M
Total assetsLn 16$502.5M
LiabilitiesLn 26$22.5M
PeoplePt VI, VII
66
listed · VII A
PaidVII A14
Voting boardVI 1a52
IndependentVI 1b50
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$134.5M
Noncash giftsLn 1g$1.6M
Fundraising eventsLn 1c$3.8M
Fees for servicesLn 2g$14.5M
Investment incomeLn 3$22.9M
Other incomeLn 4–11$817K
Gains on assetsLn 7$15.5M
Total revenueLn 12$172.7M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$101.6M
Cash and savings togetherLn 1–2$102.9M
InvestmentsLn 11–13$327.0M
Land, buildings, equipmentLn 10c$2.4M
Other assetsLn 15$4.6M
Total assetsLn 16$502.5M
LiabilitiesLn 26$22.5M
Net assetsLn 32$480.0M
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 FY21End FY21
Cash and savingsLn 1–2$86.8M$102.9M
InvestmentsLn 11–13$266.6M$327.0M
Land, buildings, equipmentLn 10c$3.3M$2.4M
Total assetsLn 16$389.5M$502.5M
LiabilitiesLn 26$49.6M$22.5M
Net assetsLn 32$339.9M$480.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$288K$288K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.7M$673K$1.8M$216K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$24.0M$17.3M$4.0M$2.8M
Pension plan contributionsLn 8$1.3M$895K$264K$144K
Other employee benefitsLn 9$4.5M$3.1M$959K$460K
Payroll taxesLn 10$2.1M$1.4M$360K$266K
Management feesLn 11a$0
Legal feesLn 11b$73K$73K
Accounting feesLn 11c$131K$131K
Lobbying feesLn 11d$260K$260K
Professional fundraising feesLn 11e$342K$342K
Investment management feesLn 11f$8.6M$8.6M
Other fees for servicesLn 11g$9.4M$5.8M$2.3M$1.2M
Advertising and promotionLn 12$415K$20K$275K$120K
Office expensesLn 13$2.4M$2.0M$51K$343K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.9M$1.1M$193K$609K
TravelLn 17$29K$23K$4K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$165K$78K$79K$8K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.2M$1.0M$136K$97K
InsuranceLn 23$591K$352K$57K$182K
Other expenses (24a–d)Ln 24$18.9M$18.2M$227K$514K
All other expensesLn 24e$2.1M$1.6M$386K$102K
Total functional expensesLn 25$81.3M$53.8M$20.1M$7.4M

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 Viewing $172.7M$81.3M$91.4M$480.0M 990 PDF
FY2020 $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 FY2021 990 (5 parts)
Part I · Summary $172,706,409 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,856,615$134,489,583
I-9 Program service revenuePrior year $13,141,325$14,467,308
I-10 Investment incomePrior year $11,694,437$22,932,602
I-11 Other revenuePrior year −$26,441$816,916
I-12 Total revenuePrior year $64,665,936$172,706,409
I-13 Grants and similar amounts paidPrior year $413,688$288,164
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $36,163,280$34,513,840
I-16a Professional fundraising feesPrior year $398,031$342,000
I-17 Other expensesPrior year $36,285,409$46,146,533
I-18 Total expensesPrior year $73,260,408$81,290,537
I-19 Revenue less expensesPrior year −$8,594,472$91,415,872
Part VIII · Statement of revenue $172,706,409 across 12 lines filed
Lines not itemized here account for $114,828 of total revenue; see the IRS return.
VIII-1c Fundraising events$3,807,186
VIII-1f All other contributions, gifts and grants$130,682,397
VIII-1g Noncash contributions (included above)$1,649,197
VIII-1h Total contributions, gifts and grants$134,489,583
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,467,308$14,467,308
VIII-3 Investment incomeExcluded from tax $7,463,182$7,463,182
VIII-5 RoyaltiesExcluded from tax $19,534$19,534
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $15,469,420$15,469,420
VIII-8 Net income from fundraising eventsExcluded from tax −$185,915−$185,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $848,221 · Excluded from tax $20,248$868,469
VIII-12 Total revenueRelated to mission $14,467,308 · Unrelated business $848,221 · Excluded from tax $22,901,297$172,706,409
Part IX · Statement of functional expenses $81,290,537 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $288,164$288,164
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $673,071 · Management $1,790,589 · Fundraising $216,307$2,679,967
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $17,278,309 · Management $3,954,733 · Fundraising $2,760,396$23,993,438
IX-8 Pension plan contributionsPrograms $894,877 · Management $264,500 · Fundraising $143,512$1,302,889
IX-9 Other employee benefitsPrograms $3,060,399 · Management $958,599 · Fundraising $459,557$4,478,555
IX-10 Payroll taxesPrograms $1,433,262 · Management $359,952 · Fundraising $265,777$2,058,991
IX-11a Management fees$0
IX-11b Legal feesManagement $73,182$73,182
IX-11c Accounting feesManagement $131,200$131,200
IX-11d Lobbying feesManagement $260,354$260,354
IX-11e Professional fundraising feesFundraising $342,000$342,000
IX-11f Investment management feesManagement $8,558,347$8,558,347
IX-11g Other fees for servicesPrograms $5,841,100 · Management $2,321,283 · Fundraising $1,239,824$9,402,207
IX-12 Advertising and promotionPrograms $20,249 · Management $274,736 · Fundraising $120,007$414,992
IX-13 Office expensesPrograms $2,032,223 · Management $51,018 · Fundraising $343,101$2,426,342
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,103,383 · Management $192,738 · Fundraising $608,763$1,904,884
IX-17 TravelPrograms $22,988 · Management $3,984 · Fundraising $2,323$29,295
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $77,666 · Management $79,313 · Fundraising $7,648$164,627
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $1,004,415 · Management $136,213 · Fundraising $97,017$1,237,645
IX-23 InsurancePrograms $352,480 · Management $56,740 · Fundraising $181,569$590,789
IX-24 Other expenses (24a–d)Programs $18,155,123 · Management $226,628 · Fundraising $513,803$18,895,554
IX-24e All other expensesPrograms $1,569,627 · Management $385,701 · Fundraising $101,787$2,057,115
IX-25 Total functional expensesPrograms $53,807,336 · Management $20,079,810 · Fundraising $7,403,391$81,290,537
Part X · Balance sheet $502,467,688 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $3,993,659$1,278,082
X-2 Savings and temporary cash investmentsStart of year $82,783,300$101,597,662
X-3 Pledges and grants receivableStart of year $18,892,182$56,536,022
X-4 Accounts receivableStart of year $8,517,591$7,188,658
X-8 Inventories for sale or useStart of year $200,009$159,776
X-9 Prepaid expenses and deferred chargesStart of year $1,150,263$1,661,848
X-10c Land, buildings and equipment, netStart of year $3,281,062$2,407,113
X-11 Publicly traded securitiesStart of year $51,732,310$93,799,982
X-12 Other securitiesStart of year $214,825,380$233,203,576
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $4,098,719$4,634,969
X-16 Total assetsStart of year $389,474,475$502,467,688
X-17 Accounts payable and accrued expensesStart of year $6,313,006$9,838,103
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $31,864,186$1,251,696
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $5,374,163$5,504,903
X-25 Other liabilitiesStart of year $6,013,919$5,894,111
X-26 Total liabilitiesStart of year $49,565,274$22,488,813
X-27 Net assets without donor restrictionsStart of year $89,247,878$107,037,769
X-28 Net assets with donor restrictionsStart of year $250,661,323$372,941,106
X-32 Total net assets or fund balancesStart of year $339,909,201$479,978,875
X-33 Total liabilities and net assetsStart of year $389,474,475$502,467,688
Part XI · Reconciliation of net assets $479,978,875 net assets at year end
XI-1 Total revenue$172,706,409
XI-2 Total expenses$81,290,537
XI-3 Revenue less expenses$91,415,872
XI-4 Net assets at start of year$339,909,201
XI-5 Net unrealized gains (losses) on investments$48,727,505
XI-9 Other changes in net assets−$73,703
XI-10 Net assets at end of year$479,978,875

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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