CITY PARKS FOUNDATION INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

HEATHER LUBOV

Phone

2123601399

Tax Period

2023-01-01 to 2023-12-31

CITY PARKS FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Recreation & Sports sector that reported $23.4M in total revenue in fiscal year 2023.

Mission

CITY PARKS FOUNDATION IS DEDICATED TO INVIGORATING AND TRANSFORMING PARKS INTO DYNAMIC, VIBRANT CENTERS OF URBAN LIFE THROUGH SPORTS, ARTS, COMMUNITY BUILDING AND EDUCATION PROGRAMS FOR ALL NEW YORKERS. CPF'S PROGRAMS LOCATED IN MORE THAN 400 PARKS, RECREATION CENTERS AND PUBLIC SCHOOLS ACROSS NEW YORK CITY REACH 300,000 PEOPLE EACH YEAR. CPF'S ETHOS IS SIMPLE: THRIVING PARKS MEAN THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $8,513,168 Revenue: $4,826,412

ARTS & CULTURE:CITYPARKS SHOWS PLAYS A CENTRAL ROLE IN ACTIVATING THE ORGANIZATION'S MISSION TO CREATE VIBRANT AND HEALTHY URBAN COMMUNITIES THROUGH DYNAMIC PROGRAMMING IN PARKS FOR ALL NEW YORKERS. CITYPARKS SHOWS BRINGS HUNDREDS OF LIVE MUSIC, DANCE AND THEATER PERFORMANCES TO COMMUNITIES THROUGHOUT NEW YORK CITY'S FIVE BOROUGHS. THE SUMMERSTAGE FESTIVAL TYPICALLY PRESENTS OVER 200 ARTISTS PRESENTING FREE PERFORMANCES AND BENEFIT CONCERTS EACH YEAR IN 15-18 PARKS THROUGHOUT THE CITY, RANGING FROM INDIE, REGGAE, AFROBEAT, SOUL, MODERN DANCE, LATIN AND MUCH MORE. SUMMERSTAGE ANYWHERE PROVIDES ACCESS TO THESE PERFORMANCES TO PEOPLE ACROSS THE GLOBE. THE SWEDISH COTTAGE MARIONETTE THEATRE, HOME TO ONE OF THE LAST PUBLIC MARIONETTE COMPANIES IN THE U.S., PRESENTS MODERN TAKES ON CLASSIC FAIRY TALES, AND THE TRAVELING PUPPETMOBILE PRESENTS FAMILY-FRIENDLY PUPPET SHOWS AND WORKSHOPS OUTDOORS AROUND THE CITY, FREE OF CHARGE.

Program 2

Expenses: $3,344,685 Revenue: $1,350,486

FISCAL SPONSORSHIPS: AS FISCAL SPONSOR FOR A NUMBER OF NEW YORK CITY PARK GROUPS AND DEPARTMENT OF PARKS & RECREATION (DPR) PROGRAMS, CPF HELPS IMPROVE THE APPEARANCE AND USE OF PARKS THROUGH DIRECT PHYSICAL ENHANCEMENTS, ENCOURAGEMENT OF NEIGHBORHOOD VOLUNTEERS, AND INNOVATIONS IN DPR OPERATIONS.

Program 3

Expenses: $2,597,080 Revenue: $0

NYC GREEN FUND:IN COLLABORATION WITH A CONSORTIUM OF LEADING PHILANTHROPIC ORGANIZATIONS, CPF IS THE ADMINISTRATOR OF THE NEW YORK CITY GREEN FUND. THIS FUNDING IS DESIGNATED TO RESPOND TO THE MOST URGENT NEEDS FACING THE GRASSROOTS AND NON-PROFIT STEWARDSHIP ORGANIZATIONS THAT MAINTAIN, PROGRAM AND ACTIVATE NEW YORK CITY OPEN SPACES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,762,698

Program Service Revenue $6,420,244

Investment Income $1,571,665

Other Revenue $-375,206

TOTAL REVENUE $23,379,401

Expense Breakdown

Grants Paid $1,910,367

Salaries & Benefits $10,712,125

Fundraising Expenses $1,053,335

Program Expenses $19,599,238

Other Expenses $10,061,071

TOTAL EXPENSES $22,683,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,379,401	$23,557,745	0.0%
Expenses	$22,683,563	$23,530,346	0.0%
Net Income	$695,838	$27,399	+24.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

526

Volunteers

28485

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

$725,070

Total Directors

$293,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER LUBOV	EXECUTIVE DIRECTOR	40.00	Officer Director	$268,383	$24,767	$293,150
DAVID BARSE	EXECUTIVE CHAIR	5.00	Officer Director	$0	$0	$0
DAVID MOORE	EXECUTIVE CHAIR	5.00	Officer Director	$0	$0	$0
JEAN TROUBH	EXECUTIVE CHAIR	5.00	Officer Director	$0	$0	$0
JOHN TROUBH	EXECUTIVE CHAIR	5.00	Officer Director	$0	$0	$0
ROLAND S MERCHANT JR	CHAIR	5.00	Officer Director	$0	$0	$0
SUSAN K FREEDMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT SAVITT	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LEE SCHALOP	TREASURER	5.00	Officer Director	$0	$0	$0
LARY WOLF	SECRETARY	5.00	Officer Director	$0	$0	$0
STEVEN BEER	DIRECTOR	2.00	Director	$0	$0	$0
SAM BIEDERMAN	DIRECTOR	2.00	Director	$0	$0	$0
GARY R BOIGON	DIRECTOR	2.00	Director	$0	$0	$0
SUZANNE BRUME	DIRECTOR	2.00	Director	$0	$0	$0
MIA CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE CLARK	DIRECTOR	2.00	Director	$0	$0	$0
CLAIRE G PELLEGRINI CLOUD	DIRECTOR	2.00	Director	$0	$0	$0
AVERY CORMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBRA FIFE	DIRECTOR	2.00	Director	$0	$0	$0
JEAN-YVES FILLION	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER FROMMER	DIRECTOR	2.00	Director	$0	$0	$0
GAIL GORDON	DIRECTOR	2.00	Director	$0	$0	$0
OLA HIXON	DIRECTOR	2.00	Director	$0	$0	$0
BILLIE JEAN KING	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA KANTER	DIRECTOR	2.00	Director	$0	$0	$0
JOE KILLIAN	DIRECTOR	2.00	Director	$0	$0	$0
BRENDAN O'ROURKE	DIRECTOR	2.00	Director	$0	$0	$0
DAVID PINTER	DIRECTOR	2.00	Director	$0	$0	$0
ERIC PLANEY	DIRECTOR	2.00	Director	$0	$0	$0
ANDY RAMAMOORTHY	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH SARNOFF	DIRECTOR	2.00	Director	$0	$0	$0
PETER SHAPIRO	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA SICHEL	DIRECTOR	2.00	Director	$0	$0	$0
DR DERECK SKEETE	DIRECTOR	2.00	Director	$0	$0	$0
ALEXANDER SLOANE	DIRECTOR	2.00	Director	$0	$0	$0
GERALD WALKER	DIRECTOR (THRU JUN 2023)	2.00	Director	$0	$0	$0
JASON WARD	DIRECTOR	2.00	Director	$0	$0	$0
HAROLD WEINBERGER	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA WEST	DIRECTOR	2.00	Director	$0	$0	$0
GREG WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY WILKS	DIRECTOR	2.00	Director	$0	$0	$0
ELAINE ZIEMBA	DIRECTOR	2.00	Director	$0	$0	$0
ERICA NEWMAN	CHIEF OPERATING OFFICER	40.00	Officer	$194,796	$17,035	$211,831
SIMON CHU	CHIEF FINANCIAL OFFICER	40.00	Officer	$173,452	$46,637	$220,089
ROSEMARY RAPOSO JORDA	CHIEF MARKETING & DEV. OFFICER	40.00	Highest	$185,303	$35,527	$220,830
MICHAEL SILVERMAN	DIRECTOR OF SPORTS	40.00	Highest	$173,910	$47,453	$221,363
ERIKA ELLIOTT	EXECUTIVE ARTISTIC DIRECTOR	40.00	Highest	$144,055	$43,724	$187,779
JOSY DUSSEK	DIRECTOR OF ARTS OPERATIONS	40.00	Highest	$144,750	$31,786	$176,536
BRYANT BRADSHAW	DIRECTOR OF GIVING & SPECIAL EVENTS	40.00	Highest	$147,157	$16,713	$163,870

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
2024	No data	No data	No data	No data
2023	$23,379,401	$22,683,563	$40,999,442	$695,838
2022	$23,557,745	$23,530,346	$38,165,759	$27,399
2021	$21,146,324	$17,777,998	$46,351,327	$3,368,326
2020	$12,847,845	$14,476,962	$41,025,082	$-1,629,117
2019	$24,265,997	$24,486,424	$38,968,048	$-220,427
2018	$18,780,000	$18,514,697	$37,782,758	$265,303