2024-09-25T10:18:17-05:00 2023-12-31 222978848 BEDERSON LLP 100 PASSAIC AVENUE - SUITE 310 FAIRFIELD NJ 07004 990 2023-01-01 141859935 MADISON SQUARE PARK CONSERVANCY INC MADI 2125207600 ELEVEN MADISON AVENUE 15FL NEW YORK NY 10010 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 2125207600 2024-09-25 0 MICHAEL CARO JR P01418714 9737363333 2023 2024-08-08 14:25:15Z HOLLY LEICHT-WEINSTEIN ELEVEN MADISON AVENUE 15FL NEW YORK NY 10010 16472742 0 X WWW.MADISONSQUAREPARK.ORG X 2002 NY DEDICATED TO KEEPING HISTORIC MADISON SQUARE PARK A BRIGHT, BEAUTIFUL AND ACTIVE PUBLIC PARK. 25 25 60 476 0 0 3230355 3361793 1333958 1260401 205921 297892 185727 85233 4955961 5005319 0 0 0 0 2821999 3052970 0 0 645073 3949202 2272181 6771201 5325151 -1815240 -319832 14189903 15200530 1344612 1793124 12845291 13407406 X MADISON SQUARE PARK CONSERVANCY, INC. ("MSPC", OR THE ORGANIZATION") IS THE NONPROFIT ORGANIZATION RESPONSIBLE FOR RAISING 100% OF THE FUNDS NEEDED TO OPERATE AND PROGRAM MADISON SQUARE PARK ON BEHALF OF THE CITY OF NEW YORK. MSPC BELIEVES THAT EVERYONE DESERVES ACCESS TO A PARK THAT ALLOWS RECREATION, RESPITE, AND REFLECTION. AS STEWARDS, WE STRIVE TO ENGAGE VISITORS THROUGH VISIONARY CONTEMPORARY ART, BEAUTIFUL GARDENS, INVITING AMENITIES, AND THOUGHT-PROVOKING PROGRAMMING. 0 0 1848483 1324634 THE MADISON SQUARE PARK CONSERVANCY RAISES THE FUNDS THAT SUPPORT THE HORTICULTURE, PARK MAINTENANCE, PARK SECURITY AND A VARIETY OF FREE CULTURAL PROGRAMS FOR ALL AGES. THE CONSERVANCY FUNDS APPROXIMATELY 98% OF THE COST OF PARK MAINTENANCE AND 100% OF THE COST OF SECURITY AND CULTURAL PROGRAMS. APPROXIMATELY 60,000 PEDESTRIANS FLOW THROUGH MADISON SQUARE PARK ON A GIVEN WEEKDAY.OUR MISSION IS TO PROTECT, NURTURE, AND ENHANCE MADISON SQUARE PARK, A DYNAMIC SEVEN-ACRE PUBLIC GREEN SPACE, CREATING AN ENVIRONMENT THAT FOSTERS MOMENTS OF INSPIRATION. AS STEWARDS, WE STRIVE TO ENGAGE THE COMMUNITY THROUGH OUR BEAUTIFUL GARDENS, INVITING AMENITIES, AND WORLD-CLASS PROGRAMMING. WE BELIEVE THAT IN AN URBAN SETTING EVERYONE DESERVES ACCESS TO A PARK THAT ALLOWS FOR RECREATION, RESPITE, AND REFLECTION. 1782049 21000 PUBLIC ART HAS THE ABILITY TO ENRICH, TO FASCINATE, AND TO ASTONISH. SINCE 2004, THE MAD. SQ. ART PROGRAM HAS BEEN PARTNERING WITH ACCLAIMED, VISIONARY ARTISTS TO REALIZE OUTDOOR WORK ON A MONUMENTALSCALE, WORK THAT COMPLEMENTS AND ENHANCES THE ENVIRONMENT. THESE PROJECTS ARE FREE TO THE PUBLIC AND HAVE MADE MADISON SQUARE PARK A WORLD-RENOWNED CULTURAL DESTINATION. IN 2022, THE CONSERVANCY FEATUREDEXHIBITIONS BY CHRISTINA IGLESIAS AND HUGH HAYDEN WITH ON-SITE AND VIRTUAL PROGRAMMING. 90863 PARK CAPITAL IMPROVEMENTS:MADISON SQUARE PARK STARTED THE CAMPAIGN FOR MADISON SQUARE PARK IN 2017 AND WILL SUPPORT PARK IMPROVEMENT AND TREE FUND. SINCE ITS RESTORATION 20 YEARS AGO, OUR JEWEL OF A PARK HAS BECOME A WELCOME RESPITE AND VIBRANT INSPIRATION FOR MORE THAN 3.5 MILLION VISITORS EACH YEAR - BUT ITS POPULARITY ALSO DRAINS RESOURCES AND STRAINS INFRASTRUCTURE. MOUNTING OPERATIONAL CHALLENGES INCLUDE GARBAGE, RECYCLING, AND PEST MANAGEMENT. UNSIGHTLY DETERIORATION OF AGING HARDSCAPE (PAVERS AND CURBSTONES), FENCING, AND MONUMENTS IS THE RESULT OF DECADES OF WEAR AND TEAR FROM FOOTSTEPS AND WEATHER. INSUFFICIENT ELECTRICAL SUPPLY CREATES LOGISTICAL CHALLENGES AND INCONVENIENCES FORUSERS. THE DOG RUN IS NOT EQUIPPED TO HANDLE THE ENTHUSIASM, WASTE, AND VARIANCE IN SIZES OF ITS CANINE FANS. FINALLY, ONE-THIRD OF THE PARK'S TREES WILL REACH THE END OF THEIR NATURAL LIVES WITHIN THE NEXT 20 YEARS, MAKING SUCCESSION PLANNING AN URGENT NEED. 129288 SUSTAINABILITY:SETTING NEW STANDARDS FOR SUSTAINABILITY IS ESSENTIAL FOR OUR PARK AND OUR PLANET. WE SEE THE EFFECTS OF CLIMATE CHANGE EVERY DAY IN OUR PARK. WE ARE COMMITTED TO BECOMING LEADERS IN SUSTAINABLE PRACTICES. OUR GOAL IS TO REDUCE CARBON EMISSIONS, PROTECT THE PARK'S DELICATE ECOSYSTEM, AND INSPIRE INNOVATION THAT EXTENDS BEYOND OUR BORDERS. 129288 3850683 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 68 0 1 60 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X THE ORGANIZATION 2125207600 ELEVEN MADISON AVENUE 15 FL NEW YORK NY 10010 JOHN BARRY DIRECTOR 1.00 X 0 0 0 SASHA BASS DIRECTOR 1.00 X 0 0 0 HEG CHUNG DIRECTOR 1.00 X 0 0 0 SHEILA KEARNEY DAVIDSON CHAIR 3.00 X X 0 0 0 JESSICA DISTELBURGER DIRECTOR 1.00 X 0 0 0 ERICA DESAI DIRECTOR 1.00 X 0 0 0 STEPHEN FULD DIRECTOR 1.00 X 0 0 0 BASTIAN GERMER DIRECTOR 1.00 X 0 0 0 LAURIE GOLUB DIRECTOR 2.00 X 0 0 0 JORDANA GRUNFELD DIRECTOR 2.00 X 0 0 0 DAVID HIRSH DIRECTOR 1.00 X 0 0 0 SIMON KIM DIRECTOR 1.00 X 0 0 0 ROBERT T LAPIDUS DIRECTOR 2.00 X 0 0 0 LESLIE SPIRA LOPEZ SECRETARY 3.00 X X 0 0 0 WILLIAM LUKASHOK TREASURER 3.00 X X 0 0 0 NEIL LUTHRA DIRECTOR 2.00 X 0 0 0 JOHN MEADOW DIRECTOR 1.00 X 0 0 0 DANNY MEYER DIRECTOR 1.00 X 0 0 0 MICHAEL L KAHN DIRECTOR 1.00 X 0 0 0 SEAN MACLSAAC DIRECTOR 2.00 X 0 0 0 SARAH STEIN-SAPIR DIRECTOR 1.00 X 0 0 0 HILARY SPANN DIRECTOR 1.00 X 0 0 0 CATHERINE SO DIRECTOR 1.00 X 0 0 0 PAUL TETI DIRECTOR 1.00 X 0 0 0 ANTHONY PEREZ DIRECTOR 1.00 X 0 0 0 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 40.00 X 200962 0 2166 BROOKE KAMIN RAPAPORT DIRECTOR AND MARTIN FRIEDMAN SENIOR CURATOR 40.00 X 178200 0 34461 NICOLE RIVERS DIRECTOR OF ADVANCEMENT 40.00 X 126360 0 33179 STEPHANIE LUCAS DIRECTOR OF HORTICULTURE AND OPERATIONS 40.00 X 145800 0 25560 THOMAS REIDY DIRECTOR OF ART OPERATIONS 40.00 X 137604 0 5504 ROSINA ROA DIRECTOR OF FINANCE AND HUMAN RESOURCES 40.00 X 108000 0 26622 896926 0 127492 6 0 1 0 KC FABRICATIONS INC 39 STEVES LANE GARDINER NY 12525 ART EXHIBITIONS FABRICATORS 292180 HUDSON YARDS CATERING LLC UNION SQUARE 147 41ST STREET BROOKLYN NY 11232 CATERING AND BARTENDING 194894 STAMFORD TENT EVENT SERVICES 84 LENOX AVE STAMFORD CT 06906 TENTING SERVICES 190778 NYC PARKS & RECREATIONS 830 5TH AVE NEW YORK NY 10065 PARK ENFORCEMENT PATROL 187314 4 682644 25000 2654149 3361793 PARK ACTIVITY LICENSES 900099 904401 904401 PARK USUAGE EVENT FEES 900099 320000 320000 ARTWORK FEES 900099 21000 21000 OTHER EVENTS 900099 15000 15000 1260401 273024 273024 10827767 10802899 24868 24868 24868 664524 682644 664524 0 REIMBURSED EXPENSES 713990 85233 85233 85233 5005319 1345634 0 297892 200962 145715 14805 40442 2161408 1567209 159230 434969 43778 43778 430233 244949 120510 64774 216589 155381 16686 44522 63631 63631 54107 54107 444463 285051 132049 27363 49265 29122 20143 47832 41975 3418 2439 29496 29496 88027 88027 42430 17176 25254 EXHIBITION INSTALLATION 842260 842260 PRINTING AND DESIGN 182066 160330 13071 8665 REPAIRS, MAINTENANCE AN 175828 126289 37633 11906 SUPPLIES 159080 147746 8498 2836 93696 57984 28555 7157 5325151 3850683 829395 645073 410491 433728 2202314 796109 418942 13531 13531 512589 491379 771481 556779 214027 214702 9725268 13628248 315574 14189903 15200530 427835 279897 77463 1177867 652000 335360 187314 0 1344612 1793124 X 1404949 1563998 11440342 11843408 12845291 13407406 14189903 15200530 X -319832 1031947 -150000 X X 0 1 X 1 0 X 5650121 4027402 4216914 3230355 3361793 20486585 5650121 4027402 4216914 3230355 3361793 20486585 20486585 345976 391115 350104 232193 273024 1592412 12 12 22079009 0.92790 0.91540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9258566 100000 1166839 213900 10309505 11779262 100000 -1947696 675000 9256566 10988708 790554 11779262 10016870 997970 26132 10988708 9111187 1207612 301929 10016870 0.76418 0.23582 0 0 295930 258938 36992 475551 297841 177710 214702 5983159 1031947 1031947 4951212 54107 54107 5005319 5421044 150000 150000 5271044 54107 54107 5325151 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS CONSIST OF THE FOLLOWING: THE PARK FUND ENDOWMENT WAS ESTABLISHED IN 2002, WITH FUNDS RAISED THROUGH THE ORGANIZATION'S ORIGINAL CAPITAL CAMPAIGN, TO FUND THE MAINTENANCE, BEAUTIFICATION AND PROGRAMMING OF MADISON SQUARE PARK. THE MARTIN FRIEDMAN FUND FOR MADISON SQUARE ART IS A RESTRICTED ENDOWMENT FUND FOR COSTS ASSOCIATED WITH MSPC ART PERSONNEL AND THE PRESENTATION OF ART EXHIBITIONS. THE LEWITT ART FUND ENDOWMENT WAS ESTABLISHED IN 2005 TO FUND THE PRESENTATION OF ART EXHIBITIONS IN MADISON SQUARE PARK. THE BASS TREE FUND ENDOWMENT WAS ESTABLISHED IN 2022 TO FUND THE CARE, CONSERVATION, PLANTING, AND PERPETUATION OF TREES IN MADISON SQUARE PARK. PARTY IN THE PARK 1023270 623093 400177 87813 312364 CELEBRATE BIG APPLE BARBECUE 286148 23411 262737 116142 146595 1 37750 36140 1610 1610 1347168 682644 664524 203955 460569 664524 0 X X X X X 0 0 0 0 0 0 0 0 0 BROOKE KAMIN RAPAPORT DIRECTOR AND MARTIN FRIEDMAN SENIOR 178200 0 0 0 0 0 7128 0 27333 0 212661 0 0 0 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 200962 0 0 0 0 0 0 0 2166 0 203128 0 0 0 STEPHANIE LUCAS DIRECTOR OF HORTICULTURE AND OPERATI 145800 0 0 0 0 0 5832 0 19728 0 171360 0 0 0 NICOLE RIVERS DIRECTOR OF ADVANCEMENT 126360 0 0 0 0 0 5054 0 28125 0 159539 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, BUSINESS OPERATIONS MANAGER, TREASURER, AND THE AUDIT, FINANCE AND INVESTMENT COMMITTEE. THE FINAL 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PER THE ORGANIZATION'S BY-LAWS, A CONFLICT OF INTEREST IS DEEMED TO EXIST WHENEVER AN INDIVIDUAL IS IN THE POSITION TO APPROVE OR INFLUENCE CORPORATION POLICIES OR ACTIONS WHICH INVOLVE OR COULD ULTIMATELY HARM OR BENEFIT FINANCIALLY: A. THE INDIVIDUAL; B. ANY MEMBER OF HIS IMMEDIATE FAMILY; OR C. ANY ORGANIZATION IN WHICH HE OR AN IMMEDIATE FAMILY MEMBER IS A DIRECTOR, TRUSTEE, OFFICER, MEMBER, PARTNER OR MORE THAN 10% SHAREHOLDER. A DIRECTOR OR OFFICER WHO HAS OR LEARNS ABOUT A POTENTIAL CONFLICT OF INTEREST SHOULD DISCLOSE PROMPTLY TO THE SECRETARY OF THE CORPORATION THE MATERIAL FACTS SURROUNDING ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST. FOLLOWING RECEIPT OF INFORMATION CONCERNING A CONTRACT OR TRANSACTION INVOLVING A POTENTIAL CONFLICT OF INTEREST, THE BOARD WILL CONSIDER THE MATERIAL FACTS CONCERNING THE PROPOSED CONTRACT OR TRANSACTION AND WILL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE CORPORATION AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTEREST OF THE CORPORATION. ANY CONTRACT OR TRANSACTIONS MUST BE APPROVED BY A VOTE WITHOUT COUNTING THE VOTE(S) OF INTERESTED PARTIES. WHEN/IF SUCH ISSUES ARISE, THEY ARE BROUGHT TO THE ATTENTION OF THE EXECUTIVE COMMITTEE FOR VETTING AND, IF DEEMED NECESSARY, WOULD BE BROUGHT TO THE ATTENTION OF THE FULL BOARD. ANY INTERESTED PARTIES WOULD BE RECUSED FROM SUCH DISCUSSIONS WHEN APPLICABLE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE VETS AND APPROVES COMPENSATION PACKAGES FOR THE PRESIDENT/EXECUTIVE DIRECTOR ON AN ANNUAL BASIS. THE COMMITTEE REVIEWS A COMPENSATION CHART REPRESENTING SENIOR LEADERSHIP POSITIONS IN SIMILARLY SIZED ORGANIZATIONS IN NYC. THIS CHART IS UPDATED ANNUALLY WITH CURRENT INFORMATION THROUGH REVIEW OF GUIDESTAR, 990'S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, AND PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE ON MSPC'S WEBSITE. FORM 990, PART XI, LINE 9: USE OF FACILITIES UNDER LONG-TERM LEASE -150,000. FORM 990, PART XII, LINE 2C: THE AUDIT IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, BUSINESS OPERATIONS MANAGER, TREASURER, AND THE AUDIT, FINANCE AND INVESTMENT COMMITTEE AND RECOMMENDS THAT IT BE APPROVED BY THE BOARD OF DIRECTORS. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.