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Nonprofiteer
← BRYANT PARK CORPORATION

Form 990 for tax year 2022

Filed by BRYANT PARK CORPORATION.

Totals

Total revenue
$25,563,529
Total expenses
$25,473,015
Contributions and grants received
$7,025,358
Grants paid
$0
Program service revenue
$18,418,192
Investment income
$119,979
Other revenue
$0
Total assets, end of year
$16,011,679
Total liabilities, end of year
$9,966,926
Net assets or fund balances, end of year
$6,044,753
Program services expenses (Part IX)
$23,615,812
Management and general expenses
$1,649,418
Fundraising expenses
$207,785
Program service expenses (Part III)
$23,615,812

Program services were 92.7% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $2,500,000

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $4,525,358

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Winter Village Rink revenue

    total $8,493,013 · related or exempt $8,493,013 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: WV Holiday shops and concessions

    total $3,537,417 · related or exempt $3,537,417 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Park use fees

    total $1,400,869 · related or exempt $1,400,869 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Park restaurant rent

    total $2,490,818 · related or exempt $2,490,818 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Park concessions

    total $2,390,523 · related or exempt $2,390,523 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $105,552 · related or exempt $105,552 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $119,979 · related or exempt $0 · unrelated business $0 · excluded $119,979

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $998,306 · program services $326,822 · management and general $671,484 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $7,190,836 · program services $6,734,656 · management and general $368,990 · fundraising $87,190

  • 8 · Pension plan contributions

    total $158,493 · program services $137,895 · management and general $17,982 · fundraising $2,616

  • 9 · Other employee benefits

    total $1,137,096 · program services $1,081,463 · management and general $55,633 · fundraising $0

  • 10 · Payroll taxes

    total $498,764 · program services $437,815 · management and general $53,983 · fundraising $6,966

  • 11a · Fees: management

    total $608,291 · program services $545,291 · management and general $0 · fundraising $63,000

  • 11b · Fees: legal

    total $27,796 · program services $21,166 · management and general $6,630 · fundraising $0

  • 11c · Fees: accounting

    total $59,488 · program services $0 · management and general $59,488 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $5,845,884 · program services $5,738,027 · management and general $107,857 · fundraising $0

  • 12 · Advertising and promotion

    total $416,615 · program services $406,693 · management and general $9,922 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $8,364 · program services $7,201 · management and general $641 · fundraising $522

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $1,339,214 · program services $1,212,836 · management and general $102,269 · fundraising $24,109

  • 17 · Travel

    total $71,323 · program services $55,155 · management and general $14,565 · fundraising $1,603

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $23,153 · program services $14,153 · management and general $9,000 · fundraising $0

  • 20 · Interest

    total $86,162 · program services $86,162 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $711,184 · program services $709,604 · management and general $1,580 · fundraising $0

  • 23 · Insurance

    total $1,614,081 · program services $1,474,346 · management and general $123,548 · fundraising $16,187

  • 24a · Other expenses: Supplies and equipment

    total $3,132,744 · program services $3,110,348 · management and general $20,829 · fundraising $1,567

  • 24b · Other expenses: Repair and maintenance

    total $524,431 · program services $520,104 · management and general $4,306 · fundraising $21

  • 24c · Other expenses: Park utilities

    total $693,830 · program services $693,830 · management and general $0 · fundraising $0

  • 24d · Other expenses: Uniforms

    total $88,382 · program services $88,382 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $238,578 · program services $213,863 · management and general $20,711 · fundraising $4,004

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,145,887 · end of year $3,152,403

  • 2 · Savings and temporary cash investments

    beginning of year $633,887 · end of year $2,729,957

  • 4 · Accounts receivable

    beginning of year $657,870 · end of year $1,008,785

  • 9 · Prepaid expenses and deferred charges

    beginning of year $319,133 · end of year $518,089

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

    $23,574,176

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

    $18,244,999

  • 10c · Land, buildings and equipment, net

    beginning of year $5,274,834 · end of year $5,329,177

  • 15 · Other assets

    beginning of year $3,411,694 · end of year $3,273,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $930,108 · end of year $1,083,806

  • 19 · Deferred revenue

    beginning of year $1,240,123 · end of year $2,971,500

  • 23 · Secured mortgages and notes payable

    beginning of year $2,550,552 · end of year $2,321,641

  • 25 · Other liabilities

    beginning of year $3,768,283 · end of year $3,589,979

  • 27 · Net assets without donor restrictions

    beginning of year $5,954,239 · end of year $6,044,753

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Create a rich and dynamic, cultural and intellectual, outdoor experience for New Yorkers and visitors by meticulously maintaining and improving Bryant Park as a venue for free events and programs, attracting thousands of patrons at all hours, during all seasons.

Activities or mission (Part I)

Manage and maintain Bryant Park in Midtown Manhattan as a dynamic, clean and safe public space.

  • Winter Village: During the months of November through February, Bryant Park's lawn is transformed into an ice-skating rink, surrounded by a deck for public viewing, a holiday market, a rink-side food hall and service pavilions. Sponsorship of Winter Village provides for free public skating and special programs that draw thousands of visitors to the Park on a daily basis.

    Expenses $11,010,719 · Revenue $12,655,809

  • Park maintenance and sanitation: uniformed sweepers keep the Park free from litter and debris, empty trash receptacles and clean the Park's public restrooms and other facilities.

    Expenses $2,682,575

  • Public events and outdoor reading room: Bryant Park produces and hosts more than 1000 free public events, performances and activities annually. Popular programs include Bryant Park Picnic Performances, the Bryant Park Summer Film Series, Broadway in Bryant Park and Bryant Park Yoga, as well as the Bryant Park Reading Room Author Series and Piano in Bryant Park.

    Expenses $2,409,464 · Revenue $775,490

  • Other Program Services include: Capital projects, the construction, care and maintenance of the Park's physical plant; Park programs management, the oversight of park amenities and daily activities; Security, uniformed officers patrol the Park to deter crime and unsocial behavior and assist patrons; Horticulture, maintenance of the Park's planting beds, borders, planters and over 200 London planetrees; Retail services and promotion of the Park, its programs, amenities and activities; Visitor services and operation of Le Carousel.

    Expenses $7,513,054 · Revenue $7,486,893

As filed on the 2022 return.

Listed in Part VII

  • Daniel A Biederman

    Executive Director

    Total calculated
    $976,390
    From this org
    $517,009
    From related orgs
    $417,493
    Other
    $41,888
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $517,009 + $417,493 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,575 + $4,575 related
    Nontaxable benefits
    $16,369 + $16,369 related
    Filer's total
    $537,953 + $438,437 related

  • Peter Ciriello

    Controller & CFO

    Total calculated
    $316,072
    From this org
    $154,475
    From related orgs
    $152,447
    Other
    $9,150
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $154,475 + $152,447 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,575 + $4,575 related
    Nontaxable benefits
    $0
    Filer's total
    $159,050 + $157,022 related

  • Dan Pisark

    VP Retail Services

    Total calculated
    $284,127
    From this org
    $94,170
    From related orgs
    $172,137
    Other
    $17,820
    Hours/week
    18 + 32 related

    Schedule J breakdown matched by us

    Base
    $94,170 + $172,138 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,261 + $5,275 related
    Nontaxable benefits
    $3,396 + $6,308 related
    Filer's total
    $100,827 + $183,721 related

  • Kevin Ward

    Former VP Security

    Total calculated
    $259,373
    From this org
    $83,630
    From related orgs
    $168,184
    Other
    $7,559
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $83,630 + $168,184 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,558 + $4,947 related
    Nontaxable benefits
    $19 + $37 related
    Filer's total
    $86,207 + $173,168 related

  • Marc Boddewyn

    VP Capital Projects

    Total calculated
    $235,517
    From this org
    $118,109
    From related orgs
    $110,358
    Other
    $7,050
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $118,109 + $110,358 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,600 + $3,450 related
    Nontaxable benefits
    $0
    Filer's total
    $121,709 + $113,808 related

  • Kaitlin Solomon

    VP Operations

    Total calculated
    $188,351
    From this org
    $114,543
    From related orgs
    $69,695
    Other
    $4,113
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $114,543 + $69,695 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,178 + $1,454 related
    Nontaxable benefits
    $289 + $193 related
    Filer's total
    $117,010 + $71,342 related

  • Donald Bussolini

    Former Senior Project Director

    Total calculated
    $172,782
    From this org
    $148,397
    From related orgs
    $15,744
    Other
    $8,641
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $148,397 + $15,744 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,088 + $429 related
    Nontaxable benefits
    $3,711 + $412 related
    Filer's total
    $156,196 + $16,585 related

  • Eric Mueller

    Director Graphic Design

    Total calculated
    $170,760
    From this org
    $130,068
    From related orgs
    $14,160
    Other
    $26,532
    Hours/week
    45 + 5 related

    Schedule J breakdown matched by us

    Base
    $130,068 + $14,160 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,168 + $441 related
    Nontaxable benefits
    $19,730 + $2,192 related
    Filer's total
    $153,966 + $16,793 related

  • Inessa Kanevskaya

    Deputy Controller

    Total calculated
    $169,262
    From this org
    $78,676
    From related orgs
    $76,075
    Other
    $14,511
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $78,675 + $76,075 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,433 + $2,433 related
    Nontaxable benefits
    $4,822 + $4,823 related
    Filer's total
    $85,930 + $83,331 related

  • Quentin Robbins

    VP Visitor Services

    Total calculated
    $157,116
    From this org
    $71,589
    From related orgs
    $47,866
    Other
    $37,661
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $71,589 + $47,866 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,560 + $1,606 related
    Nontaxable benefits
    $20,097 + $13,398 related
    Filer's total
    $94,246 + $62,870 related

  • John Zeitoun

    Director of Partnerships

    Total calculated
    $124,381
    From this org
    $79,945
    From related orgs
    $31,313
    Other
    $13,123
    Hours/week
    35 + 15 related

    Schedule J breakdown matched by us

    Base
    $79,945 + $31,313 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,500 + $983 related
    Nontaxable benefits
    $6,749 + $2,892 related
    Filer's total
    $89,194 + $35,188 related

  • Rachel Zurier

    VP Programming Operations

    Total calculated
    $123,487
    From this org
    $84,493
    From related orgs
    $25,850
    Other
    $13,144
    Hours/week
    37.5 + 12.5 related

    Schedule J breakdown matched by us

    Base
    $84,492 + $25,850 related
    Bonus
    $0
    Other
    $0
    Deferred
    $2,672 + $813 related
    Nontaxable benefits
    $7,244 + $2,415 related
    Filer's total
    $94,408 + $29,078 related

  • Michael Fuchs

    Chairman

    Total calculated
    $0
    Hours/week
    0.2

  • Vikki Barbero

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Douglas Durst

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Stan Herman

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Richard H Levy

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Robert Liberman

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Anthony W Marx

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Abby Milstein

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • George Mihaltses

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Commissioner Sue Donoghue

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Clyde E Rankin III

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.2 related

  • Katharine J Rayner

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Sam Rubin

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Iris Weinshall

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Robert Morelli

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

  • Eli Elefant

    Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 0.1 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202411239349302516

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