CITY PARKS FOUNDATION INC

EIN: 133561657 501(c)(3) Recreation & Sports

NEW YORK, NY

Total Revenue
$23,379,401
Total Expenses
$22,683,563
Total Assets
$40,999,442
Net Assets
$37,610,907
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
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

TO PROMOTE AND ASSIST IN THE PROGRAMMING AND REVITALIZATION OF NEW YORK CITY'S PARKS AND SUCH OTHER FACILITIES THAT ARE UNDER THE JURISDICTION OF THE NEW YORK CITY DEPARTMENT OF PARKS AND RECREATION ("DPR").

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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 (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
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
41
Independent Members
40
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
12
$725,070
Total Directors
42
$293,150
Key Employees
0
$0
Highest Compensated
5
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
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