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Nonprofiteer
← MADISON SQUARE PARK CONSERVANCY INC

Form 990 for tax year 2025

Filed by MADISON SQUARE PARK CONSERVANCY INC.

Totals

Total revenue
$8,668,145
Total expenses
$6,196,258
Contributions and grants received
$5,630,814
Grants paid
$0
Program service revenue
$2,047,594
Investment income
$667,141
Other revenue
$322,596
Total assets, end of year
$19,396,370
Total liabilities, end of year
$404,147
Net assets or fund balances, end of year
$18,992,223
Program services expenses (Part IX)
$4,466,600
Management and general expenses
$962,876
Fundraising expenses
$766,782
Program service expenses (Part III)
$4,466,600

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $902,326

  • 1e · Government grants (contributions)

    $461,479

  • 1f · All other contributions, gifts and grants

    $4,267,009

  • 2a · Program service revenue: PARK ACTIVITY LICENSES

    total $948,094 · related or exempt $948,094

  • 2b · Program service revenue: PARK USUAGE EVENT FEES

    total $700,000 · related or exempt $700,000

  • 2c · Program service revenue: ARTWORK FEES

    total $357,000 · related or exempt $357,000

  • 2d · Program service revenue: OTHER EVENTS

    total $42,500 · related or exempt $42,500

  • 3 · Investment income

    total $473,228 · excluded $473,228

  • 7a · Gross sales of assets other than inventory

    securities $1,762,439

  • 7b · Less cost or other basis and sales expenses

    securities $1,568,526

  • 7c · Gain or loss

    securities $193,913

  • 7d · Net gain or loss

    total $193,913 · excluded $193,913

  • 8a · Fundraising events: gross income

    $37,543

  • 8a · Fundraising events: contributions included on line 1c

    $902,326

  • 8b · Fundraising events: direct expenses

    $37,543

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: REIMBURSED EXPENSES

    total $322,596 · related or exempt $322,596

  • 11e · Other revenue, total

    $322,596

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $250,000 · program services $183,253 · management and general $35,724 · fundraising $31,023

  • 7 · Other salaries and wages

    total $2,242,309 · program services $1,643,633 · management and general $320,420 · fundraising $278,256

  • 8 · Pension plan contributions

    total $41,695 · management and general $41,695

  • 9 · Other employee benefits

    total $472,237 · program services $287,768 · management and general $150,133 · fundraising $34,336

  • 10 · Payroll taxes

    total $247,017 · program services $187,643 · management and general $24,655 · fundraising $34,719

  • 11c · Fees: accounting

    total $60,610 · management and general $60,610

  • 11f · Fees: investment management

    total $82,375 · management and general $82,375

  • 11g · Fees: other

    total $959,838 · program services $513,309 · management and general $104,227 · fundraising $342,302

  • 13 · Office expenses

    total $51,763 · program services $35,076 · management and general $16,687

  • 17 · Travel

    total $78,384 · program services $67,119 · management and general $5,066 · fundraising $6,199

  • 22 · Depreciation, depletion and amortization

    total $56,708 · management and general $56,708

  • 23 · Insurance

    total $36,714 · program services $36,714

  • 24a · Other expenses: REPAIRS, MAINTENANCE AN

    total $668,518 · program services $606,083 · management and general $48,597 · fundraising $13,838

  • 24b · Other expenses: EXHIBITION INSTALLATION

    total $630,408 · program services $630,408

  • 24c · Other expenses: OTHER EXPENSES

    total $160,858 · program services $141,523 · management and general $4,879 · fundraising $14,456

  • 24d · Other expenses: SUPPLIES

    total $134,296 · program services $122,987 · management and general $10,160 · fundraising $1,149

  • 24e · All other expenses

    total $22,528 · program services $11,084 · management and general $940 · fundraising $10,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,648 · end of year $21,625

  • 3 · Pledges and grants receivable

    beginning of year $102,703 · end of year $801,798

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75,717 · end of year $85,119

  • 10a · Land, buildings and equipment: cost or other basis

    $785,199

  • 10b · Land, buildings and equipment: accumulated depreciation

    $703,903

  • 10c · Land, buildings and equipment, net

    beginning of year $138,004 · end of year $81,296

  • 11 · Investments: publicly traded securities

    beginning of year $15,736,031 · end of year $18,406,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $168,386 · end of year $220,647

  • 19 · Deferred revenue

    beginning of year $525,391 · end of year $183,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,798,829 · end of year $3,637,664

  • 28 · Net assets with donor restrictions

    beginning of year $12,679,497 · end of year $15,354,559

Mission and programs · 2025

Mission

MADISON SQUARE PARK CONSERVANCY IS THE NONPROFIT ENTRUSTED BY THE CITY OF NEW YORK TO OPERATE MADISON SQUARE PARK, A 6.2-ACRE PUBLIC SPACE IN THE HEART OF MANHATTAN. OUR MISSION IS TO CONSERVE, MAINTAIN, AND PROGRAM THIS EVER-EVOLVING HISTORIC GREEN SPACE, INCLUDING RAISING 100% OF THE PARK'S OPERATING BUDGET. ANCHORING A DIVERSE AND VIBRANT LIVE-WORK COMMUNITY, MADISON SQUARE PARK IS BOTH AN INTIMATE NEIGHBORHOOD PARK AND AN INTERNATIONAL DESTINATION FOR 60,000 DAILY VISITORS. IT IS ALSO A PUBLIC GARDEN, URBAN FOREST, WILDLIFE HABITAT, PUBLIC ART EXHIBITION SPACE, A HAVEN FOR CHILDREN AND PETS TO PLAY, AND ONE OF NEW YORK CITY'S MOST TRANSCENDENT AND WELCOMING PLACES.

Activities or mission (Part I)

TO CONSERVE, MAINTAIN AND PROGRAM MADISON SQUARE PARK.

  • PUBLIC ART: IN 2025, MSPC'S PUBLIC ART PROGRAM INCLUDED TWO MAJOR SCULPTURAL COMMISSIONS IN MADISON SQUARE PARK. THE FIRST EXHIBITION WAS FIXED CRANE BY NICOLE EISENMAN, A TOPPLED INDUSTRIAL CRANE EMBELLISHED WITH EVERYDAY OBJECTS. THE SECOND EXHIBITION WAS IMPROVISATIONS IN THE PARK BY LARRY BELL, WITH SIX VIBRANTLY COLORED GLASS CUBES AND NESTED ARRANGEMENTS. THESE EXHIBITIONS WERE ACCOMPANIED BY FREE PROGRAMMING, SUCH AS THE ANNUAL PUBLIC ART SYMPOSIUM AND PUBLIC TOURS.

    Expenses $1,064,172 · Revenue $357,000

  • PARK OPERATIONS & HORTICULTURE: MSPC'S OPERATIONS AND HORTICULTURE TEAMS CARE FOR AND MAINTAIN THE PARK AT THE HIGHEST STANDARD OF CARE FOR OVER 60,000 DAILY VISITORS, INCLUDING PRESERVING THE PARK'S HISTORIC TREE CANOPY; MAINTAINING LUSH LAWNS AND PERENNIAL GARDENS, INCLUDING FIVE PLANT COLLECTIONS SELECTED TO ENSURE BLOOMS IN EVERY SEASON; CURATING SEASONAL FLOWER DISPLAYS; LEADING SUSTAINABILITY INITIATIVES; AND OFFERING FREE PUBLIC PROGRAMS AND TOURS TO EDUCATE AND ENGAGE PARKGOERS OF ALL AGES. MADISON SQUARE PARK IS THE LIVING, BREATHING HEART OF OUR COMMUNITY, ENHANCING THE HEALTH AND WELLBEING OF ALL WHO VISIT AND LIVE OR WORK NEARBY, AS WELL AS PROVIDING SHELTER AND SAFE HABITAT FOR A SURPRISINGLY DIVERSE POPULATION OF WILDLIFE.

    Expenses $2,906,053 · Revenue $1,970,690

  • PARK CAPITAL PROJECTS: IN APRIL 2025, MSPC ISSUED A REQUEST FOR PROPOSALS FOR A MULTIDISCIPLINARY TEAM TO CONDUCT A MASTER PLAN FOR THE SOUTHEASTERN PORTION OF THE PARK. A TEAM LED BY MATHEWS NIELSEN LANDSCAPE ARCHITECTS AND TENBERKE WAS HIRED IN SEPTEMBER 2025 TO STUDY AND MAKE RECOMMENDATIONS FOR UPGRADING THE PARK'S INFRASTRUCTURE, SITING A PARK OPERATIONS CENTER, AND RESTORING THE TREE CANOPY ON THE CONCESSION GRAVEL AREA.

    Expenses $202,242

  • MSPC HOSTS A BROAD RANGE OF FREE PUBLIC PROGRAMS YEAR ROUND. HIGHLIGHTS IN 2025 INCLUDED 80 PUBLIC PROGRAMS, 30 ASSOCIATED WITH GARDENS OF RENEWAL, A SPECIAL HORTICULTURE EXHIBITION FEATURING A MEDITATION SPIRAL COMPRISED OF ENDANGERED NATIVE PLANTS AND A CHILDREN'S GARDEN WITH A LIBRARY, STAGE AND PLAY STRUCTURES; A SUMMER COMEDY CONCERT AND THREE INSTRUMENTAL CONCERTS CURATED BY CARNEGIE HALL CITYWIDE CONCERTS; MONTHLY GARDEN, ART AND HISTORY TOURS; OUR ANNUAL "BARK IN THE PARK" DAY OF PET-FRIENDLY ACTIVITIES; AND OUR 113TH HOLIDAY TREE LIGHTING AND MUSICAL CELEBRATION.

    Expenses $294,133 · Revenue $42,500

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN BARRY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SASHA BASS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEG CHUNG

    COMMITTEE CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • SHEILA KEARNEY DAVIDSON

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • JESSICA DISTELLBERGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERICA DESAI

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • TERRY GOULARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LEO VILLAREAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHERYL JAMES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JORDANA GRUNFELD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID HIRSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SIMON KIM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ROBERT T LAPIDUS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LESLIE SPIRA LOPEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM LUKASHOK

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • NEIL LUTHRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN MEADOW

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DANNY MEYER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL L KAHN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEAN MACISAAC

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SARAH STEIN-SAPIR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HILARY SPANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CATHERINE SO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL TETI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RONALD PIZZUTI

    COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD PICCINICH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HOLLY LEICHT-WEINSTEIN

    EXECUTIVE DIRECTOR

    Total calculated
    $258,000
    From this org
    $250,000
    From related orgs
    $0
    Other
    $8,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    $50,000
    Other
    $0
    Deferred
    $8,000
    Nontaxable benefits
    $0
    Filer's total
    $258,000

  • STEPHANIE LUCAS

    DIRECTOR OF HORTICULTURE A

    Total calculated
    $199,248
    From this org
    $168,644
    From related orgs
    $0
    Other
    $30,604
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,613
    Bonus
    $8,031
    Other
    $0
    Deferred
    $6,425
    Nontaxable benefits
    $24,179
    Filer's total
    $199,248

  • THOMAS REIDY

    DIRECTOR OF ART OPERATIONS

    Total calculated
    $163,697
    From this org
    $157,690
    From related orgs
    $0
    Other
    $6,007
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,181
    Bonus
    $7,509
    Other
    $0
    Deferred
    $6,007
    Nontaxable benefits
    $0
    Filer's total
    $163,697

  • ROSINA ROA

    DIRECTOR OF FINANCE AND HU

    Total calculated
    $162,419
    From this org
    $136,290
    From related orgs
    $0
    Other
    $26,129
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $129,800
    Bonus
    $6,490
    Other
    $0
    Deferred
    $1,950
    Nontaxable benefits
    $24,179
    Filer's total
    $162,419

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
9 September 2026
IRS schema version
2025v4.2
Source object
202642529349302004

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