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Nonprofiteer
← CENTRAL PARK CONSERVANCY INC

Form 990 for tax year 2024

Filed by CENTRAL PARK CONSERVANCY INC.

Totals

Total revenue
$172,923,141
Total expenses
$166,074,475
Contributions and grants received
$110,572,914
Grants paid
$246,990
Program service revenue
$29,033,633
Investment income
$34,439,262
Other revenue
-$1,122,668
Total assets, end of year
$727,092,630
Total liabilities, end of year
$57,724,532
Net assets or fund balances, end of year
$669,368,098
Program services expenses (Part IX)
$131,916,367
Management and general expenses
$24,794,677
Fundraising expenses
$9,363,431
Program service expenses (Part III)
$131,916,367

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MS ELIZABETH W SMITH

    EX-OFFICIO (PRESIDENT/CEO)

    Total calculated
    $1,286,350
    From this org
    $1,211,800
    From related orgs
    $0
    Other
    $74,550
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $709,694
    Bonus
    $322,108
    Other
    $179,998
    Deferred
    $54,542
    Nontaxable benefits
    $20,008
    Filer's total
    $1,286,350

  • MS JUDY HART ANGELO

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JEFF T BLAU

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR FRANK CARONE

    APPOINTED TRUSTEE (MAYORAL)

    Total calculated
    $0
    Hours/week
    1

  • MRS JUDITH M CARSON

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RICHARD CASHIN

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR MARTIN COHEN

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS PAMELA CRAIG

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ANDREW DAVIS

    VICE CHAIR & GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR GAYATRI DEVI

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR ANGELA DIAZ

    APPOINTED TRUSTEE (BOARD)

    Total calculated
    $0
    Hours/week
    1

  • MS SUSAN M DONOGHUE

    EX-OFF.(NYC PARKS) THROUGH 5/31/25

    Total calculated
    $0
    Hours/week
    1

  • DR THELMA DYE

    APPOINTED TRUSTEE (BOARD)

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN EHRENKRANZ

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR BEN ELLENCWEIG

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR GLENN FUHRMAN

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR PAUL GOLDBERGER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR NICHOLAS A GRAVANTE JR

    APPOINTED TRUSTEE (MAYORAL)

    Total calculated
    $0
    Hours/week
    1

  • MR MICHAEL GROBSTEIN

    TREASURER & GENERAL TRUSTE

    Total calculated
    $0
    Hours/week
    1

  • MRS ANNE S HARRISON

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR KENNETH H HEITNER ESQ

    SECRETARY AND GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • MS JANE HELLER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS DAMARIS HERNANDEZ

    APPOINTED TRUSTEE (MAYORAL)

    Total calculated
    $0
    Hours/week
    1

  • MS TRACEY HUFF

    EX-OFFICIO (PRESIDENT OF WOMENS COMM.)

    Total calculated
    $0
    Hours/week
    1

  • MS AMABEL JAMES

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR SANDYE JOHNSON

    APPOINTED TRUSTEE (BOARD)

    Total calculated
    $0
    Hours/week
    1

  • MR THOMAS L KEMPNER JR

    BOARD CHAIR & GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JONATHAN KORNGOLD

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JILL LAFER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS SHELLY LAZARUS

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HON MARK LEVINE

    EX-OFFICIO (MAN. BOR. PRES)

    Total calculated
    $0
    Hours/week
    1

  • MRS CAROL SUTTON LEWIS

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ROBERT C LIEBER

    APPOINTED TRUSTEE (MAYORAL)

    Total calculated
    $0
    Hours/week
    1

  • MR JAY P MANDELBAUM

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS NELLE P MILLER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MRS GILLIAN MINITER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR CLARENCE NESBITT

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR AMELIA OGUNLESI

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS ILA PALIWAL

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS YESIM PHILIP

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JENNY PRICE

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS IRIS RODRIGUEZ-ROSA

    EX-OFF.(P & REC COMM) AS OF 6/1/25

    Total calculated
    $0
    Hours/week
    1

  • MRS SIGRID SCHAFER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR RICHARD G SCHNEIDMAN

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS LAUREEN E SEEGER

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR NORMAN C SELBY

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR ALFRED J SHUMAN

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN STEINHARDT

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS ERANA M STENNETT

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR JOHN STOSSEL

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR HARRY D TAYLOR

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS JUDITH VALE

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS ANNE WILLIAMS-ISOM

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS TOYA WILLIFORD

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR BARRY WOLF

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MS NANAR YOSELOFF

    GENERAL TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MR STEPHEN SPINELLI

    CHIEF FINANCIAL OFFICER

    Total calculated
    $822,650
    From this org
    $746,635
    From related orgs
    $0
    Other
    $76,015
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $484,182
    Bonus
    $153,288
    Other
    $109,165
    Deferred
    $46,290
    Nontaxable benefits
    $29,725
    Filer's total
    $822,650

  • MR CHRISTOPHER ATKINSON

    VICE PRESIDENT OF FINANCE

    Total calculated
    $392,122
    From this org
    $317,825
    From related orgs
    $0
    Other
    $74,297
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $289,500
    Bonus
    $28,325
    Other
    $0
    Deferred
    $42,312
    Nontaxable benefits
    $31,985
    Filer's total
    $392,122

  • MS MARY CARACCIOLI

    CHIEF COMM. & ENG THROUGH 7/5/24

    Total calculated
    $437,432
    From this org
    $379,432
    From related orgs
    $0
    Other
    $58,000
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $244,061
    Bonus
    $88,717
    Other
    $46,654
    Deferred
    $40,002
    Nontaxable benefits
    $17,998
    Filer's total
    $437,432

  • MR ROGER MOSIER

    CHIEF OF PARK OPERATIONS

    Total calculated
    $616,423
    From this org
    $544,054
    From related orgs
    $0
    Other
    $72,369
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $424,324
    Bonus
    $80,145
    Other
    $39,585
    Deferred
    $42,847
    Nontaxable benefits
    $29,522
    Filer's total
    $616,423

  • MS ABIGAIL HEALY

    SENIOR VP FOR PHILANTHROPY

    Total calculated
    $401,736
    From this org
    $337,405
    From related orgs
    $0
    Other
    $64,331
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $308,230
    Bonus
    $29,175
    Other
    $0
    Deferred
    $42,734
    Nontaxable benefits
    $21,597
    Filer's total
    $401,736

  • MS SUZANNE PENNASILICO

    VICE PRESIDENT FOR PEOPLE & CULTURE

    Total calculated
    $406,872
    From this org
    $343,414
    From related orgs
    $0
    Other
    $63,458
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $314,239
    Bonus
    $29,175
    Other
    $0
    Deferred
    $41,861
    Nontaxable benefits
    $21,597
    Filer's total
    $406,872

  • MS SANDRA HUBER

    SENIOR VP FOR CAPITAL PROJECT

    Total calculated
    $409,859
    From this org
    $356,100
    From related orgs
    $0
    Other
    $53,759
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $312,840
    Bonus
    $43,260
    Other
    $0
    Deferred
    $41,449
    Nontaxable benefits
    $12,310
    Filer's total
    $409,859

  • MS MARGARET ASARO

    VP FOR PARK MAINT & FACILITIES

    Total calculated
    $348,283
    From this org
    $295,859
    From related orgs
    $0
    Other
    $52,424
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $270,928
    Bonus
    $24,931
    Other
    $0
    Deferred
    $40,058
    Nontaxable benefits
    $12,366
    Filer's total
    $348,283

  • MR JOSHUA EHRLICH

    VP FOR INFORMATION TECHNOLOGY

    Total calculated
    $359,540
    From this org
    $287,309
    From related orgs
    $0
    Other
    $72,231
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $262,723
    Bonus
    $24,586
    Other
    $0
    Deferred
    $39,829
    Nontaxable benefits
    $32,402
    Filer's total
    $359,540

  • MR DAVID SALTONSTALL

    VP FOR GOVT RELATIONS, POL. & COMM A

    Total calculated
    $341,599
    From this org
    $301,194
    From related orgs
    $0
    Other
    $40,405
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $276,263
    Bonus
    $24,931
    Other
    $0
    Deferred
    $40,058
    Nontaxable benefits
    $347
    Filer's total
    $341,599

  • MS SYLVIA TSEN

    VP FOR BUSINESS SOLUTIONS

    Total calculated
    $316,892
    From this org
    $263,923
    From related orgs
    $0
    Other
    $52,969
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $241,923
    Bonus
    $22,000
    Other
    $0
    Deferred
    $38,083
    Nontaxable benefits
    $14,886
    Filer's total
    $316,892

  • MS LEAH CATHERINE DAY

    CHIEF OF STAFF & VP OF STR. INIT.

    Total calculated
    $400,367
    From this org
    $325,770
    From related orgs
    $0
    Other
    $74,597
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $283,359
    Bonus
    $42,411
    Other
    $0
    Deferred
    $42,195
    Nontaxable benefits
    $32,402
    Filer's total
    $400,367

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION AND MANAGEMENT DEVELOPMENT GROUP OF THE EXECUTIVE COMMITTEE WHICH IS COMPRISED OF INDEPENDENT MEMBERS OF THE GOVERNING BOARD ENGAGED INDEPENDENT EXPERT COMPENSATION CONSULTANTS TO EVALUATE EXECUTIVE COMPENSATION LEVELS AND ESTABLISH PEER-GROUP-BASED BENCHMARKS RELATED TO THE ORGANIZATION'S MISSION. TRUSTEES ROUTINELY EVALUATE MANAGEMENT PERFORMANCE AND COMPENSATION TO ENSURE THAT THE COMPENSATION PROCESS IS APPROPRIATE AND DESIGNED TO ATTRACT AND RETAIN THE BEST TALENT IN THE INDUSTRY. THE COMMITTEE DOCUMENTS COMPENSATION DETERMINATIONS IN THE COMMITTEE MINUTES.
PART I, LINE 4B
THERE IS A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FOR CERTAIN EXECUTIVES OF THE CONSERVANCY. CONTRIBUTIONS TO THE PLAN MADE BY THE CONSERVANCY DURING CALENDAR YEAR 2024 TOTALED $493,500.
SCHEDULE J, PART I, QUESTION 7
LONG-TERM COMPENSATION PROGRAM: THE CONSERVANCY RECOGNIZES THE INVALUABLE CONTRIBUTION OF ITS CURRENT SENIOR MANAGEMENT TEAM TO ITS ACHIEVEMENTS THUS FAR. IN ORDER TO ENSURE THE RETENTION OF THIS TALENTED TEAM AND TO FOSTER THE ATTRACTION AND DEVELOPMENT OF FUTURE LEADERS, THE ORGANIZATION HAS IMPLEMENTED A COMPREHENSIVE COMPENSATION PROGRAM. THIS PROGRAM IS DESIGNED TO: (I) ALIGN REMUNERATION WITH PERFORMANCE METRICS TIED TO THE CONSERVANCY'S STRATEGIC PLAN AND OVERARCHING OBJECTIVES. (II) OFFER A COMPETITIVE COMPENSATION PACKAGE, COMPRISING BASE PAY, BONUSES, AND MULTI-YEAR LONG-TERM INCENTIVES, COMMENSURATE WITH ORGANIZATIONS OF SIMILAR PROFILE. AS SUCH, THE CONSERVANCY'S COMPENSATION FRAMEWORK IS STRUCTURED TO (I) DRIVE AND INCENTIVIZE PRESENT HIGH-PERFORMANCE STANDARDS, (II) ACKNOWLEDGE AND REWARD THE EXPERTISE AND TENURE OF OUR TEAM MEMBERS, AND (III) PROVIDE MULTI-YEAR LONG-TERM INCENTIVES AIMED AT RETAINING KEY MANAGEMENT PERSONNEL. THE MULTI-YEAR LONG-TERM INCENTIVES ARE REFLECTED UNDER "OTHER REPORTABLE COMPENSATION" ON SCHEDULE J, PART II.

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2025
IRS schema version
2024v5.5
Source object
202640759349300914

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