Central Park Conservancy INC: FY2023 Nonprofit Profile & Form 990 (EIN 13-3022855)

Revenue by fiscal year
FY2020	$64.7M
FY2021	$172.7M
FY2022	$147.8M
FY2023	$148.0M
FY2024	$200.2M
FY2025	$172.9M

Expenses by fiscal year
FY2020	$73.3M
FY2021	$81.3M
FY2022	$93.5M
FY2023	$131.2M
FY2024	$150.3M
FY2025	$166.1M

Net assets by fiscal year
FY2020	$339.9M
FY2021	$480.0M
FY2022	$504.0M
FY2023	$539.0M
FY2024	$622.1M
FY2025	$669.4M

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

74 cents of each dollar spent went to programs.

74%

17%

Program services 74% · $96.8M Management & general 17% · $22.4M Fundraising 9% · $12.1M

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

70 people listed on the 990; $6.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Ms Elizabeth W Smith

Ex-Officio (president/Ceo)

$1,138,875Pt VII · Sec A

Mr Stephen Spinelli

Chief Financial Officer

$581,157Pt VII · Sec A

Mr Christopher Nolan

Chief Landscape Architect

$561,545Pt VII · Sec A

Ms Mary Caraccioli

Chief Communications & Eng

$425,398Pt VII · Sec A

Mr Roger Mosier

Chief of Park Oper. as of 1/30/22

$422,230Pt VII · Sec A

Ms Georgia Siampalioti

Chief of Strategic, Thru 10/1/22

$390,525Pt VII · Sec A

Ms Abigail Healy

Senior Vice President for Philanthropy and Co-Camp

$364,171Pt VII · Sec A

Ms Renee Porter

VP for Finance, Thru 1/20/23

$342,842Pt 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

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
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 · $93.5M · in their own filed words · FY2022

01

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

$54.9Mprogram expense

02

As the official manager of central park, the conservancy is responsible for the day-to-day maintenance and 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.

$33.1Mprogram expense

03

The conservancy 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 following five visitor centers in the park: charles a.

$5.5Mprogram 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

Mhk FoundationFY2025$200K

T Rowe Price Program for Charitable Giving INCFY2025$36K

Epstein PhilanthropiesFY2025$30K

Ruth Lazarus Charitable TrFY2025$25K

Hayden Harmen Foundation LtdFY2025$14K

The Ayco Charitable FoundationFY2025$10K

Umalinda Private FoundationFY2025$10K

Georgescu Family FoundationFY2025$8K

Total grants receivedfrom 31 funders$385K

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

Central Park Medical Unit INCNY · FY2024$25,000

New Yorkers for ParksNY · FY2024$20,000

American Society of Landscape Architects New York ChapterNY · FY2024$10,600

The Corbin Hill Food Project INCNY · FY2024$9,000

Historic House Trust of New York CityDC · FY2024$5,181

Nyc Department of Parks & RecreationFY2023$93,893

The Public TheaterNY · FY2023$47,410

Central Park Medical Unit INCNY · FY2023$25,000

New Yorkers for ParksNY · FY2023$20,000

City Parks Alliance INCDC · FY2023$18,333

American Society of Landscape Architects New York ChapterNY · FY2023$10,400

The Corbin Hill Food Project INCNY · FY2023$9,000

New York City Economic Development CorporationFY2022$250,000

Natural Areas Conservancy INCNY · FY2022$132,000

Fund for the City of New York INCNY · FY2022$100,000

See all 68 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$148.0M

Ln 12

Gifts and grantsLn 1h$84.5M

Fees for servicesLn 2g$39.6M

Investment incomeLn 3$24.4M

Money outPt IX

$131.2M

Ln 25

Programscol B$96.8M

Managementcol C$22.4M

Fundraisingcol D$12.1M

Owns and owesPt X

$539.0M

net assets · Ln 32

Cash and savingsLn 1–2$90.9M

Total assetsLn 16$590.4M

LiabilitiesLn 26$51.4M

PeoplePt VI, VII

70

listed · VII A

PaidVII A16

Voting boardVI 1a54

IndependentVI 1b53

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$84.5M

Noncash giftsLn 1g$1.6M

Fundraising eventsLn 1c$6.4M

Fees for servicesLn 2g$39.6M

Investment incomeLn 3$24.4M

Gains on assetsLn 7$10.7M

Total revenueLn 12$148.0M

Assets in detailPt X, end of year

CashLn 1$27.9M

SavingsLn 2$63.0M

Cash and savings togetherLn 1–2$90.9M

InvestmentsLn 11–13$374.7M

Land, buildings, equipmentLn 10c$8.8M

Other assetsLn 15$24.7M

Total assetsLn 16$590.4M

LiabilitiesLn 26$51.4M

Net assetsLn 32$539.0M

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$90.9M	$90.9M
InvestmentsLn 11–13	$366.4M	$374.7M
Land, buildings, equipmentLn 10c	$1.7M	$8.8M
Total assetsLn 16	$524.6M	$590.4M
LiabilitiesLn 26	$20.6M	$51.4M
Net assetsLn 32	$504.0M	$539.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$769K	$769K
Pay of current officers, directors and key staffLn 5	$4.9M	$1.6M	$2.7M	$637K
Other salaries and wagesLn 7	$31.3M	$22.8M	$5.1M	$3.4M
Pension plan contributionsLn 8	$2.5M	$1.4M	$837K	$244K
Other employee benefitsLn 9	$4.7M	$3.3M	$732K	$627K
Payroll taxesLn 10	$2.8M	$1.9M	$594K	$312K
Legal feesLn 11b	$34K		$34K
Accounting feesLn 11c	$121K		$121K
Lobbying feesLn 11d	$242K		$242K
Professional fundraising feesLn 11e	$553K			$553K
Investment management feesLn 11f	$7.6M		$7.6M
Other fees for servicesLn 11g	$13.1M	$8.3M	$2.1M	$2.7M
Advertising and promotionLn 12	$717K	$109K	$562K	$45K
Office expensesLn 13	$4.9M	$4.0M	$84K	$871K
OccupancyLn 16	$3.5M	$2.0M	$351K	$1.1M
TravelLn 17	$80K	$55K	$8K	$17K
Conferences, conventions and meetingsLn 19	$664K	$260K	$383K	$22K
Depreciation, depletion and amortizationLn 22	$1.3M	$964K	$87K	$211K
InsuranceLn 23	$1.1M	$445K	$378K	$245K
Other expenses (24a–d)Ln 24	$48.8M	$48.1M	$242K	$515K
All other expensesLn 24e	$1.6M	$890K	$259K	$475K
Total functional expensesLn 25	$131.2M	$96.8M	$22.4M	$12.1M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$172.9M	$166.1M	$6.8M	$669.4M	990 PDF
FY2024	$200.2M	$150.3M	$49.9M	$622.1M	990 PDF
FY2023 Viewing	$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	$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 FY2023 990 (6 parts)

Part I · Summary $147,958,188 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $120,014,289$84,508,659

I-9 Program service revenuePrior year $14,090,747$39,596,034

I-10 Investment incomePrior year $13,217,499$24,431,620

I-11 Other revenuePrior year $469,514−$578,125

I-12 Total revenuePrior year $147,792,049$147,958,188

I-13 Grants and similar amounts paidPrior year $365,286$768,606

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $39,776,447$46,108,729

I-16a Professional fundraising feesPrior year $461,633$553,055

I-17 Other expensesPrior year $52,882,793$83,770,391

I-18 Total expensesPrior year $93,486,159$131,200,781

I-19 Revenue less expensesPrior year $54,305,890$16,757,407

Part VI · Governance 53 of 54 board members independent, 1 to look at

VI-1a Voting members of the governing body54

VI-1b Independent voting members53

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 $147,958,188 across 11 lines filed

Lines not itemized here account for $732,657 of total revenue; see the IRS return.

VIII-1c Fundraising events$6,447,170

VIII-1f All other contributions, gifts and grants$78,061,489

VIII-1g Noncash contributions (included above)$1,646,768

VIII-1h Total contributions, gifts and grants$84,508,659

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,596,034$39,596,034

VIII-3 Investment incomeExcluded from tax $13,693,043$13,693,043

VIII-5 RoyaltiesExcluded from tax $52,317$52,317

VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,738,577$10,738,577

VIII-8 Net income from fundraising eventsExcluded from tax −$1,819,182−$1,819,182

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$258,728 · Excluded from tax $714,811$456,083

VIII-12 Total revenueRelated to mission $39,596,034 · Unrelated business −$258,728 · Excluded from tax $24,112,223$147,958,188

Part IX · Statement of functional expenses $131,200,781 across 21 lines filed

IX-1 Grants to domestic organizationsPrograms $768,606$768,606

IX-5 Pay of current officers, directors and key staffPrograms $1,565,219 · Management $2,696,015 · Fundraising $637,363$4,898,597

IX-7 Other salaries and wagesPrograms $22,753,773 · Management $5,064,276 · Fundraising $3,446,069$31,264,118

IX-8 Pension plan contributionsPrograms $1,435,643 · Management $836,791 · Fundraising $244,321$2,516,755

IX-9 Other employee benefitsPrograms $3,303,341 · Management $732,212 · Fundraising $627,258$4,662,811

IX-10 Payroll taxesPrograms $1,860,403 · Management $593,662 · Fundraising $312,383$2,766,448

IX-11b Legal feesManagement $34,386$34,386

IX-11c Accounting feesManagement $121,000$121,000

IX-11d Lobbying feesManagement $241,890$241,890

IX-11e Professional fundraising feesFundraising $553,055$553,055

IX-11f Investment management feesManagement $7,609,161$7,609,161

IX-11g Other fees for servicesPrograms $8,290,335 · Management $2,107,164 · Fundraising $2,729,496$13,126,995

IX-12 Advertising and promotionPrograms $109,268 · Management $562,216 · Fundraising $45,128$716,612

IX-13 Office expensesPrograms $3,968,006 · Management $83,902 · Fundraising $871,167$4,923,075

IX-16 OccupancyPrograms $2,029,176 · Management $351,432 · Fundraising $1,107,776$3,488,384

IX-17 TravelPrograms $55,482 · Management $7,712 · Fundraising $16,502$79,696

IX-19 Conferences, conventions and meetingsPrograms $259,649 · Management $382,564 · Fundraising $21,769$663,982

IX-22 Depreciation, depletion and amortizationPrograms $964,101 · Management $86,730 · Fundraising $210,818$1,261,649

IX-23 InsurancePrograms $444,733 · Management $378,038 · Fundraising $245,370$1,068,141

IX-24 Other expenses (24a–d)Programs $48,053,814 · Management $241,981 · Fundraising $515,495$48,811,290

IX-24e All other expensesPrograms $889,796 · Management $259,142 · Fundraising $475,192$1,624,130

IX-25 Total functional expensesPrograms $96,751,345 · Management $22,390,274 · Fundraising $12,059,162$131,200,781

Part X · Balance sheet $590,446,635 assets, 20 lines filed

X-1 Cash, non-interest-bearingStart of year $3,977,057$27,909,586

X-2 Savings and temporary cash investmentsStart of year $86,927,044$63,021,514

X-3 Pledges and grants receivableStart of year $48,444,745$60,292,771

X-4 Accounts receivableStart of year $10,723,913$28,246,262

X-8 Inventories for sale or useStart of year $198,336$257,995

X-9 Prepaid expenses and deferred chargesStart of year $2,110,755$2,406,073

X-10c Land, buildings and equipment, netStart of year $1,710,073$8,832,505

X-11 Publicly traded securitiesStart of year $162,404,697$132,658,088

X-12 Other securitiesStart of year $203,955,297$242,091,488

X-15 Other assetsStart of year $4,104,397$24,730,353

X-16 Total assetsStart of year $524,556,314$590,446,635

X-17 Accounts payable and accrued expensesStart of year $15,371,133$18,301,287

X-19 Deferred revenueStart of year $120,745$1,125,670

X-24 Unsecured notes and loans payableStart of year $137,440$0

X-25 Other liabilitiesStart of year $4,951,452$31,982,633

X-26 Total liabilitiesStart of year $20,580,770$51,409,590

X-27 Net assets without donor restrictionsStart of year $143,184,580$139,987,095

X-28 Net assets with donor restrictionsStart of year $360,790,964$399,049,950

X-32 Total net assets or fund balancesStart of year $503,975,544$539,037,045

X-33 Total liabilities and net assetsStart of year $524,556,314$590,446,635

Part XI · Reconciliation of net assets $539,037,045 net assets at year end

XI-1 Total revenue$147,958,188

XI-2 Total expenses$131,200,781

XI-3 Revenue less expenses$16,757,407

XI-4 Net assets at start of year$503,975,544

XI-5 Net unrealized gains (losses) on investments$18,415,027

XI-9 Other changes in net assets−$110,933

XI-10 Net assets at end of year$539,037,045

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Central Park Conservancy INC FY2023 filing

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