CENTRAL PARK CONSERVANCY INC

EIN: 133022855 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$172,923,141
Total Expenses
$166,074,475
Total Assets
$727,092,630
Net Assets
$669,368,098
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
NY
Principal Officer
STEPHEN SPINELLI
Phone
2123106600
Tax Period
2024-07-01 to 2025-06-30

CENTRAL PARK CONSERVANCY INC, founded in 1980, is a major nonprofit in the Recreation & Sports sector that reported $172.9M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $166.1M left a modest 4% surplus.

Mission

ORGANIZATION'S MISSION: THE CENTRAL PARK CONSERVANCY OVERSEES ALL ASPECTS OF THE CARE, MAINTENANCE AND RESTORATION OF NEW YORK'S MOST ICONIC PUBLIC SPACE, CENTRAL PARK. THIS WORK ALLOWS THE PARK'S 843-ACRES TO SERVE AS A SOURCE OF RESPITE AND RELAXATION, IMPACTING THE PHYSICAL AND MENTAL WELL-BEING OF CITY RESIDENTS, AND MORE THAN 40-MILLION PEOPLE WHO VISIT THE PARK EACH YEAR. THE MISSION OF THE CENTRAL PARK CONSERVANCY IS TO PRESERVE AND CELEBRATE CENTRAL PARK AS A SANCTUARY FROM THE PACE AND PRESSURE OF CITY LIFE, ENHANCING THE ENJOYMENT AND WELLBEING OF ALL. OUR GUIDING PRINCIPLE IS THAT CENTRAL PARK IS A MASTERPIECE OF LANDSCAPE ARCHITECTURE CREATED TO PROVIDE A PROFOUNDLY DEMOCRATIC SPACE AND GREEN RESPITE FOR THE CITY AND ALL ITS PEOPLE AND TO ESTABLISH NEW YORK AS ONE OF THE GREAT CITIES OF THE WORLD. THE CONSERVANCY HONORS ITS COMMITMENT TO THIS ICONIC PUBLIC SPACE BY APPLYING ITS DEEP EXPERTISE IN URBAN PARK MANAGEMENT; BY PARTNERING WITH THE COMMUNITY AND THE CITY OF NEW YORK; AND BY MARSHALLING ALL OF THE RESOURCES NECESSARY FOR THE PARK'S LONG-TERM CARE. THE CONSERVANCY'S WORK IS FOUNDED ON THE BELIEF THAT CITIZEN LEADERSHIP AND PRIVATE PHILANTHROPY ARE KEY TO ENSURING THAT THE PARK AND ITS ESSENTIAL PURPOSE ENDURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $110,572,914
Program Service Revenue $29,033,633
Investment Income $34,439,262
Other Revenue $-1,122,668
TOTAL REVENUE $172,923,141

Expense Breakdown

Grants Paid $246,990
Salaries & Benefits $54,993,700
Fundraising Expenses $9,363,431
Program Expenses $131,916,367
Other Expenses $110,581,200
TOTAL EXPENSES $166,074,475

Year-over-Year Comparison

2024 2023 Change
Revenue $172,923,141 $200,192,390 -0.1%
Expenses $166,074,475 $150,328,602 +0.1%
Net Income $6,848,666 $49,863,788 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
55
Independent Members
54
Employees
509
Volunteers
1967

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$3,554,977
Total Directors
56
$1,286,350
Key Employees
3
$1,218,467
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS ELIZABETH W SMITH EX-OFFICIO (PRESIDENT/CEO) 35.00
Officer Director
$1,211,800 $74,550 $1,286,350
MS JUDY HART ANGELO GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR JEFF T BLAU GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR FRANK CARONE APPOINTED TRUSTEE (MAYORAL) 1.00
Director
$0 $0 $0
MRS JUDITH M CARSON GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR RICHARD CASHIN GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR MARTIN COHEN GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS PAMELA CRAIG GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR ANDREW DAVIS VICE CHAIR & GENERAL TRUSTEE 1.00
Officer Director
$0 $0 $0
DR GAYATRI DEVI GENERAL TRUSTEE 1.00
Director
$0 $0 $0
DR ANGELA DIAZ APPOINTED TRUSTEE (BOARD) 1.00
Director
$0 $0 $0
MS SUSAN M DONOGHUE EX-OFF.(NYC PARKS) THROUGH 5/31/25 1.00
Director
$0 $0 $0
DR THELMA DYE APPOINTED TRUSTEE (BOARD) 1.00
Director
$0 $0 $0
MR JOHN EHRENKRANZ GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR BEN ELLENCWEIG GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR GLENN FUHRMAN GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR PAUL GOLDBERGER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR NICHOLAS A GRAVANTE JR APPOINTED TRUSTEE (MAYORAL) 1.00
Director
$0 $0 $0
MR MICHAEL GROBSTEIN TREASURER & GENERAL TRUSTE 1.00
Officer Director
$0 $0 $0
MRS ANNE S HARRISON GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR KENNETH H HEITNER ESQ SECRETARY AND GENERAL COUNSEL 1.00
Officer Director
$0 $0 $0
MS JANE HELLER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS DAMARIS HERNANDEZ APPOINTED TRUSTEE (MAYORAL) 1.00
Director
$0 $0 $0
MS TRACEY HUFF EX-OFFICIO (PRESIDENT OF WOMENS COMM.) 1.00
Director
$0 $0 $0
MS AMABEL JAMES GENERAL TRUSTEE 1.00
Director
$0 $0 $0
DR SANDYE JOHNSON APPOINTED TRUSTEE (BOARD) 1.00
Director
$0 $0 $0
MR THOMAS L KEMPNER JR BOARD CHAIR & GENERAL TRUSTEE 1.00
Officer Director
$0 $0 $0
MR JONATHAN KORNGOLD GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS JILL LAFER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS SHELLY LAZARUS GENERAL TRUSTEE 1.00
Director
$0 $0 $0
HON MARK LEVINE EX-OFFICIO (MAN. BOR. PRES) 1.00
Director
$0 $0 $0
MRS CAROL SUTTON LEWIS GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR ROBERT C LIEBER APPOINTED TRUSTEE (MAYORAL) 1.00
Director
$0 $0 $0
MR JAY P MANDELBAUM GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS NELLE P MILLER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MRS GILLIAN MINITER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR CLARENCE NESBITT GENERAL TRUSTEE 1.00
Director
$0 $0 $0
DR AMELIA OGUNLESI GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS ILA PALIWAL GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS YESIM PHILIP GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS JENNY PRICE GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS IRIS RODRIGUEZ-ROSA EX-OFF.(P & REC COMM) AS OF 6/1/25 1.00
Director
$0 $0 $0
MRS SIGRID SCHAFER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR RICHARD G SCHNEIDMAN GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS LAUREEN E SEEGER GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR NORMAN C SELBY GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR ALFRED J SHUMAN GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN STEINHARDT GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS ERANA M STENNETT GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR JOHN STOSSEL GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR HARRY D TAYLOR GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS JUDITH VALE GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS ANNE WILLIAMS-ISOM GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS TOYA WILLIFORD GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR BARRY WOLF GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MS NANAR YOSELOFF GENERAL TRUSTEE 1.00
Director
$0 $0 $0
MR STEPHEN SPINELLI CHIEF FINANCIAL OFFICER 35.00
Officer
$746,635 $76,015 $822,650
MR CHRISTOPHER ATKINSON VICE PRESIDENT OF FINANCE 35.00
Officer
$317,825 $74,297 $392,122
MS MARY CARACCIOLI CHIEF COMM. & ENG THROUGH 7/5/24 35.00
Officer
$379,432 $58,000 $437,432
MR ROGER MOSIER CHIEF OF PARK OPERATIONS 35.00
Officer
$544,054 $72,369 $616,423
MS ABIGAIL HEALY SENIOR VP FOR PHILANTHROPY 35.00
Key Emp
$337,405 $64,331 $401,736
MS SUZANNE PENNASILICO VICE PRESIDENT FOR PEOPLE & CULTURE 35.00
Key Emp
$343,414 $63,458 $406,872
MS SANDRA HUBER SENIOR VP FOR CAPITAL PROJECT 35.00
Key Emp
$356,100 $53,759 $409,859
MS MARGARET ASARO VP FOR PARK MAINT & FACILITIES 35.00
Highest
$295,859 $52,424 $348,283
MR JOSHUA EHRLICH VP FOR INFORMATION TECHNOLOGY 35.00
Highest
$287,309 $72,231 $359,540
MR DAVID SALTONSTALL VP FOR GOVT RELATIONS, POL. & COMM A 35.00
Highest
$301,194 $40,405 $341,599
MS SYLVIA TSEN VP FOR BUSINESS SOLUTIONS 35.00
Highest
$263,923 $52,969 $316,892
MS LEAH CATHERINE DAY CHIEF OF STAFF & VP OF STR. INIT. 35.00
Highest
$325,770 $74,597 $400,367
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $172,923,141 $166,074,475 $727,092,630 $6,848,666
2024 $200,192,390 $150,328,602 $677,422,729 $49,863,788
2023 $147,958,188 $131,200,781 $590,446,635 $16,757,407
2022 $147,792,049 $93,486,159 $524,556,314 $54,305,890
2021 $172,706,409 $81,290,537 $502,467,688 $91,415,872
2020 $64,665,936 $73,260,408 $389,474,475 $-8,594,472
2019 $65,671,539 $77,414,823 $388,990,197 $-11,743,284
2018 $68,185,959 $69,312,753 $391,516,936 $-1,126,794
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