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New York BBB Wise Giving Report for
Central Park Conservancy

A BBB Accredited charity

 



Expiration Date:
05/2015
Name:
Central Park Conservancy
Address:
14 East 60th Street
New York, NY 10022
Phone:
212-310-6600
Year, State Incorporated:
1980, New York
Affiliates:
None
Stated Purpose:
" The mission of the Central Park Conservancy is to restore, manage and enhance Central Park in partnership with the public, for the enjoyment of present and future generations. The Conservancy aspires to build a great organization that sets standards and spreads the principles of world-class park management - emphasizing environmental excellence - to improve the quality of open space for the enjoyment of all New Yorkers. The Conservancy is committed to sustaining this operating model to provide a legacy for future generations of Central Park users. "





Evaluation Conclusions
 

              
Central Park Conservancy meets the 20 Standards for Charity Accountability.




Programs
 

              
Conservancy public programs take advantage of the invaluable resources in Central Park, each year providing education, recreation and volunteer programs that serve children, teenagers, adults, families, community organizations and schools. In addition, the Conservancy provides visitor services at the six centers in the Park: Charles A. Dana Discovery Center, Belvedere Castle, Dairy Visitor Center & Gift Shop, Chess & Checkers House and Tavern on the Green Visitor Center & Gift Shop, as well as at the North Meadow Recreation Center.



Governance
 

              
Chief Executive Officer:
Mr. Douglas Blonsky, President & CEO, Central Park Conservancy & CP Administrator
Compensation*:
$493,462
Chair of the Board:
Mr. Thomas L. Kempner, Jr.
Board Size:
45
Paid Staff Size:
306



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, telephone appeals, invitations to fund raising events, 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 13.9% of related contributions. (Related contributions, which totaled $35,882,000, are donations received as a result of fund raising activities.)




Tax Status
 

              
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.




Financial
 

              
The following information is based on Central Park Conservancy's Audited Financial Statements for the fiscal year ended June 30, 2011.

Source of Funds  

Contributions

$29,246,000

Net appreciation in fair value on investments

24,242,000

Contract revenue - NYC

4,148,000

Special events

3,519,000

Project revenue - NYC

3,117,000

Other

2,831,000

Interest and dividends

60,000

Change in value of split-interest agreements

14,000

Total Income

$67,177,000

Program Expenses  

Horticulture, maintenance and operations

$15,502,000

Planning, design and construction

9,033,000

Visitor services

4,607,000
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

29,142,000
4,991,000
5,577,000

$39,710,000

$27,467,000




Uses of Funds as a % of Total Expenses


Programs: 73%  Fund Raising: 13%  Administrative 14% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $187,365,000
Ending net assets 214,832,000
Total liabilities 5,687,000

Total assets

$220,519,000






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.