2026-09-09T15:34:48-05:00 2025-12-31 222978848 BEDERSON LLP 100 PASSAIC AVENUE - SUITE 310 FAIRFIELD NJ 07004 990 2025-01-01 141859935 MADISON SQUARE PARK CONSERVANCY INC MADI 2125207600 PO BOX 1814 NEW YORK NY 10159 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 2125207600 2026-09-09 MICHAEL CARO JR P01418714 9737363333 2025 HOLLY LEICHT-WEINSTEIN 11 MADISON AVENUE NEW YORK NY 10010 10274214 0 X WWW.MADISONSQUAREPARK.ORG X 2002 NY TO CONSERVE, MAINTAIN AND PROGRAM MADISON SQUARE PARK. 24 24 65 616 0 0 6487216 5630814 1522610 2047594 557590 667141 159380 322596 8726796 8668145 0 0 0 0 3272100 3253258 0 0 766782 4100022 2943000 7372122 6196258 1354674 2471887 16172103 19396370 693777 404147 15478326 18992223 X 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. 0 0 1064172 357000 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. 2906053 1970690 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. 202242 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. 294133 42500 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. 294133 42500 4466600 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 54 0 1 65 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 X 24 24 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 11 MADISON AVENUE 15 FL NEW YORK NY 10010 JOHN BARRY TRUSTEE 2.00 X 0 0 0 SASHA BASS TRUSTEE 1.00 X 0 0 0 HEG CHUNG COMMITTEE CO-CHAIR 2.00 X X 0 0 0 SHEILA KEARNEY DAVIDSON CHAIR 3.00 X X 0 0 0 JESSICA DISTELLBERGER TRUSTEE 1.00 X 0 0 0 ERICA DESAI COMMITTEE CHAIR 1.00 X X 0 0 0 TERRY GOULARD DIRECTOR 1.00 X 0 0 0 LEO VILLAREAL TRUSTEE 1.00 X 0 0 0 CHERYL JAMES TRUSTEE 1.00 X 0 0 0 JORDANA GRUNFELD VICE CHAIR 1.00 X X 0 0 0 DAVID HIRSH TRUSTEE 1.00 X 0 0 0 SIMON KIM TRUSTEE 2.00 X 0 0 0 ROBERT T LAPIDUS TRUSTEE 1.00 X 0 0 0 LESLIE SPIRA LOPEZ TRUSTEE 1.00 X 0 0 0 WILLIAM LUKASHOK TREASURER 2.00 X X 0 0 0 NEIL LUTHRA TRUSTEE 1.00 X 0 0 0 JOHN MEADOW TRUSTEE 1.00 X 0 0 0 DANNY MEYER TRUSTEE 1.00 X 0 0 0 MICHAEL L KAHN TRUSTEE 1.00 X 0 0 0 SEAN MACISAAC SECRETARY 1.00 X X 0 0 0 SARAH STEIN-SAPIR TRUSTEE 1.00 X 0 0 0 HILARY SPANN TRUSTEE 1.00 X 0 0 0 CATHERINE SO TRUSTEE 1.00 X 0 0 0 PAUL TETI TRUSTEE 1.00 X 0 0 0 RONALD PIZZUTI COMMITTEE CHAIR 1.00 X X 0 0 0 EDWARD PICCINICH TRUSTEE 1.00 X 0 0 0 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 40.00 X 250000 0 8000 STEPHANIE LUCAS DIRECTOR OF HORTICULTURE A 40.00 X 168644 0 30604 THOMAS REIDY DIRECTOR OF ART OPERATIONS 40.00 X 157690 0 6007 ROSINA ROA DIRECTOR OF FINANCE AND HU 40.00 X 136290 0 26129 712624 0 70740 4 0 1 0 A BULFAMANTE LLC 33 BOND ST NEW YORK NY 10012 LANDSCAPING SERVICES 297317 MATTHEWS NIELSON LA PC 147 41ST STREET BROOKLYN NY 11232 MASTER PLAN PROJECT 172311 MICAELA BIRMINGHAM 99 WESTOVER ROAD STAMFORD CT 06902 SPONSORSHIPS AND MARKETING ACTIVITIES 168974 3 902326 461479 4267009 5630814 PARK ACTIVITY LICENSES 900099 948094 948094 PARK USUAGE EVENT FEES 900099 700000 700000 ARTWORK FEES 900099 357000 357000 OTHER EVENTS 900099 42500 42500 2047594 473228 473228 1762439 1568526 193913 193913 193913 37543 902326 37543 0 REIMBURSED EXPENSES 713990 322596 322596 322596 8668145 2370190 0 667141 X 250000 183253 35724 31023 2242309 1643633 320420 278256 41695 41695 472237 287768 150133 34336 247017 187643 24655 34719 60610 60610 82375 82375 959838 513309 104227 342302 51763 35076 16687 78384 67119 5066 6199 56708 56708 36714 36714 REPAIRS, MAINTENANCE AN 668518 606083 48597 13838 EXHIBITION INSTALLATION 630408 630408 OTHER EXPENSES 160858 141523 4879 14456 SUPPLIES 134296 122987 10160 1149 22528 11084 940 10504 6196258 4466600 962876 766782 119648 21625 102703 801798 75717 85119 785199 703903 138004 81296 15736031 18406532 16172103 19396370 168386 220647 525391 183500 693777 404147 X 2798829 3637664 12679497 15354559 15478326 18992223 16172103 19396370 X 2471887 1192010 -150000 X X 0 1 X 1 0 X 4216914 3230355 3361793 6487216 5630814 22927092 4216914 3230355 3361793 6487216 5630814 22927092 22927092 350104 232193 273024 448926 473228 1777475 12 322596 322608 25027175 0.91610 0.92630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11535944 400000 1655937 207260 13384621 10309505 250000 1188447 212008 11535944 9258566 100000 1166839 213900 10309505 11779262 100000 -1947696 675000 9256566 10988708 790554 11779262 0.61476 0.38524 0 0 295930 295930 0 489269 407973 81296 81296 9910495 1192010 132715 1324725 8585770 82375 82375 8668145 6396598 282715 282715 6113883 82375 82375 6196258 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS CONSIST OF THE FOLLOWING: THE PARK FUND 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 WAS ESTABLISHED IN 2005 TO FUND THE PRESENTATION OF ART EXHIBITIONS IN MADISON SQUARE PARK. THE BASS TREE FUND WAS ESTABLISHED IN 2022 TO FUND THE CARE, CONSERVATION, PLANTING, AND PERPETUATION OF TREES IN MADISON SQUARE PARK. THE SASHA AND EDWARD P. BASS ARTIST TRUSTEE FUND WAS ESTABLISHED IN 2025 TO FUND A ROTATING BOARD SEAT TO BE FILLED BY ALUMNI ARTISTS OF THE MSPC PUBLIC ART PROGRAM. EACH YEAR, MSPC WILL DISTRIBUTE UP TO 5% OF THE TOTAL VALUE OF THE FUND TO COVER THE SEAT'S ANNUAL DUES. TEXAS TOAST 221514 193315 28199 28199 TASTE OF ASIA 541005 537423 3582 3582 1 177350 171588 5762 5762 939869 902326 37543 37543 37543 0 X X X X X 0 0 0 0 0 0 0 0 0 HOLLY LEICHT-WEINSTEIN EXECUTIVE DIRECTOR 200000 0 50000 0 0 0 8000 0 0 0 258000 0 0 0 STEPHANIE LUCAS DIRECTOR OF HORTICULTURE A 160613 0 8031 0 0 0 6425 0 24179 0 199248 0 0 0 THOMAS REIDY DIRECTOR OF ART OPERATIONS 150181 0 7509 0 0 0 6007 0 0 0 163697 0 0 0 ROSINA ROA DIRECTOR OF FINANCE AND HU 129800 0 6490 0 0 0 1950 0 24179 0 162419 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR, DIRECTOR OF FINANCE AND HUMAN RESOURCES, TREASURER; AND THE AUDIT, FINANCE AND INVESTMENT COMMITTEE. THE FINAL 990 IS PROVIDED TO THE BOARD OF TRUSTEES 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 ORGANIZATION'S EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED, DELIBERATED, AND APPROVED BY THE EXECUTIVE COMMITTEE. THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR USING COMPARABILITY 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 IX, LINE 11G PROGRAM RELATIONS SERVICES: PROGRAM SERVICE EXPENSES 46,400. MANAGEMENT AND GENERAL EXPENSES 17,750. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,150. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 83,614. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 83,614. OTHER PROFESSIONAL FEES AND CONSULTANTS: PROGRAM SERVICE EXPENSES 383,295. MANAGEMENT AND GENERAL EXPENSES 86,477. FUNDRAISING EXPENSES 342,302. TOTAL EXPENSES 812,074. 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, DIRECTOR OF FINANCE AND HUMAN RESOURCES, TREASURER; AND THE AUDIT, FINANCE AND INVESTMENT COMMITTEE AND RECOMMENDS THAT IT BE APPROVED BY THE BOARD OF TRUSTEES. THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS.