Asphalt Green INC: Nonprofit Profile, Financials & Form 990 (EIN 13-6533158)

Revenue by fiscal year
FY2020	$26.4M
FY2021	$15.9M
FY2022	$26.8M
FY2023	$33.6M
FY2024	$34.6M
FY2025	$37.3M

Expenses by fiscal year
FY2020	$28.9M
FY2021	$20.5M
FY2022	$26.8M
FY2023	$30.1M
FY2024	$35.9M
FY2025	$42.5M

Net assets by fiscal year
FY2020	$24.7M
FY2021	$23.7M
FY2022	$24.8M
FY2023	$29.1M
FY2024	$29.3M
FY2025	$24.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1975.

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

Where the money goes

84 cents of each dollar spent went to programs.

84%

13%

Program services 84% · $35.5M Management & general 13% · $5.4M Fundraising 4% · $1.6M

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

40 people listed on the 990; $3.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Jordan Brackett

Chief Executive Officer

$325,549Pt VII · Sec A

Renee a Davis

Chief Development Officer

$248,518Pt VII · Sec A

Pedro F Raicovich

Chief Administrative Officer

$243,480Pt VII · Sec A

Elsa Pereira

Chief Operating Officer

$227,395Pt VII · Sec A

David Rodriguez

SR. Director of Aquatics

$222,126Pt VII · Sec A

David S Byrnes

Chief Marketing Officer

$214,090Pt VII · Sec A

Dean Somer

Chief Financial Officer

$201,060Pt VII · Sec A

Nicole M Lee

Director of Membership and Fitness

$160,889Pt VII · Sec A

Jordan Brackett’s $326K as Chief Executive Officer is at the 51st percentile of top reported officer pay among 290 $10–100M 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
Margaret Siegel	—	—	$181,225	$348,569	$341,361	$369,419
Jordan Brackett	$325,549	$330,153	$101,073	—	—	—
Renee a Davis	$248,518	—	—	—	—	—
Pedro F Raicovich	$243,480	—	—	—	—	—
Renee Davis	—	$236,360	$48,964	—	—	—
Elsa Pereira	$227,395	—	—	—	—	—
David Rodriguez	$222,126	$211,925	$204,618	$195,114	$183,190	$180,640
Marcus Farny	—	$138,814	$220,927	$215,468	$215,560	$219,901

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

Provides free sports, fitness, and aquatic programs to the community.

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Provided by the organization

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3 programs · $35.5M · in their own filed words · FY2024

01

Programs

Includes aquatics, exercise programs, sports, martial arts, and camps. Benefited approximately 8,000 people during the year.

$22.0Mprogram expense

02

Facilities Usage

Includes usage of pool and fitness center. Benefited approximately 11,000 people during the year.

$9.1Mprogram expense

03

Free Community Programs & Usage

Includes usage of pool, field, gym, theater, sports, aquatics and other programs. Benefited approximately 21,000 people during the year.

$4.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

The George E and Annette Cross Murphy Charitable FundFY2024$845K

Gray FoundationFY2024$800K

Fidelity Investments Charitable Gift FundFY2024$269K

Donor Advised Charitable Giving INCFY2024$103K

Mai Family FoundationFY2024$80K

The Trachsel Family FoundationFY2024$50K

Edward T Bedford Foundation ImaFY2024$30K

The New York Community TrustFY2024$20K

Total grants receivedfrom 25 funders$2.3M

See all 25 funders →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$37.3M

Ln 12

Fees for servicesLn 2g$31.2M

Gifts and grantsLn 1h$4.6M

Investment incomeLn 3$1.5M

Money outPt IX

$42.5M

Ln 25

Programscol B$35.5M

Managementcol C$5.4M

Fundraisingcol D$1.6M

Owns and owesPt X

$24.9M

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$40.7M

LiabilitiesLn 26$15.8M

PeoplePt VI, VII

40

listed · VII A

PaidVII A16

Voting boardVI 1a24

IndependentVI 1b24

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.6M

Government grantsLn 1e$294K

Fundraising eventsLn 1c$1.0M

Fees for servicesLn 2g$31.2M

Investment incomeLn 3$1.5M

Gains on assetsLn 7$879K

Total revenueLn 12$37.3M

Assets in detailPt X, end of year

CashLn 1$1.0M

SavingsLn 2$344K

Cash and savings togetherLn 1–2$1.4M

InvestmentsLn 11–13$22.0M

Land, buildings, equipmentLn 10c$11.6M

Other assetsLn 15$2.3M

Total assetsLn 16$40.7M

LiabilitiesLn 26$15.8M

Net assetsLn 32$24.9M

OperationsPt I, VI

EmployeesI 5169

VolunteersI 644

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 FY25	End FY25
Cash and savingsLn 1–2	$6.4M	$1.4M
InvestmentsLn 11–13	$23.2M	$22.0M
Land, buildings, equipmentLn 10c	$10.2M	$11.6M
Total assetsLn 16	$44.6M	$40.7M
LiabilitiesLn 26	$15.2M	$15.8M
Net assetsLn 32	$29.3M	$24.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$20.5M	$17.5M	$2.4M	$627K
Other employee benefitsLn 9	$1.9M	$1.6M	$255K	$63K
Payroll taxesLn 10	$1.6M	$1.4M	$218K	$54K
Legal feesLn 11b	$355K	$38K	$232K	$84K
Accounting feesLn 11c	$83K	$9K	$54K	$20K
Lobbying feesLn 11d	$57K	$29K	$29K
Other fees for servicesLn 11g	$3.1M	$1.9M	$894K	$354K
Office expensesLn 13	$4.5M	$4.5M	$7K	$24K
OccupancyLn 16	$1.4M	$1.4M	$28K	$28K
TravelLn 17	$352K	$306K	$36K	$11K
Depreciation, depletion and amortizationLn 22	$2.2M	$2.1M	$44K	$44K
InsuranceLn 23	$1.4M	$1.3M	$76K	$27K
Other expenses (24a–d)Ln 24	$3.5M	$2.9M	$544K	$33K
All other expensesLn 24e	$1.5M	$679K	$562K	$253K
Total functional expensesLn 25	$42.5M	$35.5M	$5.4M	$1.6M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$37.3M	$42.5M	−$5.1M	$24.9M	990 PDF
FY2024	$34.6M	$35.9M	−$1.3M	$29.3M	990 PDF
FY2023	$33.6M	$30.1M	$3.5M	$29.1M	990 PDF
FY2022	$26.8M	$26.8M	−$26K	$24.8M	990 PDF
FY2021	$15.9M	$20.5M	−$4.6M	$23.7M	990 PDF
FY2020	$26.4M	$28.9M	−$2.5M	$24.7M	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 FY2025 990 (6 parts)

Part I · Summary $37,316,170 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $5,342,987$4,602,321

I-9 Program service revenuePrior year $28,219,958$31,196,280

I-10 Investment incomePrior year $1,074,888$1,517,569

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $34,637,833$37,316,170

I-13 Grants and similar amounts paidPrior year $0$0

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

I-15 Salaries and benefitsPrior year $22,195,028$24,017,889

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $13,718,493$18,444,891

I-18 Total expensesPrior year $35,913,521$42,462,780

I-19 Revenue less expensesPrior year −$1,275,688−$5,146,610

Part VI · Governance 24 of 24 board members independent, 1 to look at

VI-1a Voting members of the governing body24

VI-1b Independent voting members24

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 $37,316,170 across 9 lines filed

VIII-1c Fundraising events$1,007,882

VIII-1e Government grants$293,983

VIII-1f All other contributions, gifts and grants$3,300,456

VIII-1h Total contributions, gifts and grants$4,602,321

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $31,196,280$31,196,280

VIII-3 Investment incomeExcluded from tax $638,087$638,087

VIII-7 Net gain or loss on sales of assetsExcluded from tax $879,482$879,482

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $31,196,280 · Unrelated business $0 · Excluded from tax $1,517,569$37,316,170

Part IX · Statement of functional expenses $42,462,780 across 14 lines filed

IX-7 Other salaries and wagesPrograms $17,452,025 · Management $2,373,216 · Fundraising $627,029$20,452,270

IX-9 Other employee benefitsPrograms $1,605,280 · Management $254,707 · Fundraising $63,294$1,923,281

IX-10 Payroll taxesPrograms $1,370,789 · Management $217,500 · Fundraising $54,049$1,642,338

IX-11b Legal feesPrograms $38,317 · Management $232,135 · Fundraising $84,384$354,836

IX-11c Accounting feesPrograms $8,964 · Management $54,306 · Fundraising $19,741$83,011

IX-11d Lobbying feesPrograms $28,525 · Management $28,525$57,050

IX-11g Other fees for servicesPrograms $1,861,056 · Management $893,532 · Fundraising $353,749$3,108,337

IX-13 Office expensesPrograms $4,478,240 · Management $7,254 · Fundraising $23,867$4,509,361

IX-16 OccupancyPrograms $1,367,287 · Management $28,485 · Fundraising $28,485$1,424,257

IX-17 TravelPrograms $305,664 · Management $36,121 · Fundraising $10,683$352,468

IX-22 Depreciation, depletion and amortizationPrograms $2,122,068 · Management $44,209 · Fundraising $44,210$2,210,487

IX-23 InsurancePrograms $1,264,813 · Management $76,077 · Fundraising $26,616$1,367,506

IX-24 Other expenses (24a–d)Programs $2,906,724 · Management $543,562 · Fundraising $33,293$3,483,579

IX-24e All other expensesPrograms $679,433 · Management $561,706 · Fundraising $252,860$1,493,999

IX-25 Total functional expensesPrograms $35,489,185 · Management $5,351,335 · Fundraising $1,622,260$42,462,780

Part X · Balance sheet $40,722,497 assets, 19 lines filed

X-1 Cash, non-interest-bearingStart of year $237,917$1,027,035

X-2 Savings and temporary cash investmentsStart of year $6,170,886$343,992

X-3 Pledges and grants receivableStart of year $1,274,277$1,658,346

X-4 Accounts receivableStart of year $405,529$690,006

X-9 Prepaid expenses and deferred chargesStart of year $1,521,038$1,010,077

X-10c Land, buildings and equipment, netStart of year $10,234,287$11,643,215

X-11 Publicly traded securitiesStart of year $22,573,611$21,417,837

X-12 Other securitiesStart of year $622,328$590,713

X-15 Other assetsStart of year $1,522,067$2,341,276

X-16 Total assetsStart of year $44,561,940$40,722,497

X-17 Accounts payable and accrued expensesStart of year $4,683,998$5,085,690

X-19 Deferred revenueStart of year $9,189,387$8,646,496

X-24 Unsecured notes and loans payableStart of year $451,697$1,060,502

X-25 Other liabilitiesStart of year $922,975$1,018,835

X-26 Total liabilitiesStart of year $15,248,057$15,811,523

X-27 Net assets without donor restrictionsStart of year $18,511,919$13,196,791

X-28 Net assets with donor restrictionsStart of year $10,801,964$11,714,183

X-32 Total net assets or fund balancesStart of year $29,313,883$24,910,974

X-33 Total liabilities and net assetsStart of year $44,561,940$40,722,497

Part XI · Reconciliation of net assets $24,910,974 net assets at year end

XI-1 Total revenue$37,316,170

XI-2 Total expenses$42,462,780

XI-3 Revenue less expenses−$5,146,610

XI-4 Net assets at start of year$29,313,883

XI-5 Net unrealized gains (losses) on investments$718,253

XI-9 Other changes in net assets$25,448

XI-10 Net assets at end of year$24,910,974

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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