Name: Central Park Conservancy Address: 14 East 60th Street
New York, NY 10022 Year, State Incorporated: 1980, New York Stated Purpose: " Works to restore, manage, and preserve Central Park in partnership with the public. "
Central Park Conservancy has developed and implemented a major management and restoration plan; performed major capital improvements; created programs for volunteers and visitors; built an endowment to ensure continued park maintenance; and set new standards of excellence in park care. The Conservancy offers workshops that allow students to examine and explore the park to educate the public. The Conservancy sponsors concerts in the park in order to increase cultural awareness and it also offers students filmmaking opportunities, internships, and restoration projects to build youth leadership skills.
Chief Executive Officer: Douglas Blonsky, President Chair of the Board: Thomas L. Kempner, Jr. Chair's Profession / Business Affiliation: GP
| *Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances. |
Method(s) Used:
direct mail appeals, invitations to fund raising events, print advertisements (newspapers, magazines, etc.), grant proposals, internet, planned giving arrangements, cause-related marketing (i.e. affinity credit cards, consumer product sales, etc. that indicate purchases will benefit your organization)
|
| Fund raising costs were 14.4% of related contributions. (Related contributions, which totaled $34,323,000, are donations received as a result of fund raising activities.) |
|
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
|
| The following information is based on Central Park Conservancy's Audited Financial Statements for the fiscal year ended June 30, 2008. |
|
Source of Funds
| |
|
Contributions
|
$31,034,000
|
|
Net gain on sale of investment
|
22,692,000
|
|
Revenue from the City of New York- Contract Revenue
|
4,786,000
|
|
Revenue from the City of New York- Project Revenue
|
4,085,000
|
|
Special Events
|
3,289,000
|
|
Other
|
2,502,000
|
|
Interest and dividends
|
1,708,000
|
|
Change in value of split interest agreements
|
(31,000)
|
|
Change in unrealized loss on investments
|
(16,619,000)
|
Total Income | $53,446,000
|
Expenses | | | Program Expenses | |
|
Design and Construction
|
$13,836,000
|
|
Horticulture, maintainence and operations
|
13,718,000
|
|
Visitor Services
|
3,580,000
|
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expensesIncome in Excess of Expenses
|
31,134,000
4,955,000
3,497,000
$39,586,000$13,860,000
|
Uses of Funds as a % of Total Expenses
|
Programs: 79%
Fund Raising: 13%
Administrative 9%
|
Roll the cursor over the pie chart to see the dollar amounts.
| Beginning net assets |
$196,777,000 |
| Ending net assets |
210,637,000 |
| Total liabilities |
6,293,000 |
Total assets |
$216,930,000 |
|