CEC STUYVESANT COVE INC

EIN: 522440116 501(c)(3) Environment

LONG ISLAND CITY, NY

Total Revenue
$5,626,684
Total Expenses
$6,933,534
Total Assets
$7,829,756
Net Assets
$4,580,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NY
Principal Officer
STEPHEN LEVIN
Phone
2125056050
Tax Period
2023-01-01 to 2023-12-31

CEC STUYVESANT COVE INC, founded in 2003, is a community nonprofit in the Environment sector that reported $5.6M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE EDUCATION AND RESOURCES THAT CREATE MORE SUSTAINABLE AND RESILIENT URBAN ENVIRONMENTS. WE CHANGE THE WAY PEOPLE THINK ABOUT ENERGY, SUSTAINABILITY, AND RESILIENCE BY ENGAGING AND EDUCATING A DIVERSE SET OF STAKEHOLDERS.

Program Service Accomplishments

Program 1
Expenses: $5,279,599 Revenue: $1,400,721

OUR PROGRAMS HELP INDIVIDUALS AND COMMUNITIES EXPLORE NEW WAYS OF LIVING AND WORKING THAT ARE MORE ADAPTIVE TO A CHANGING WORLD. WE DO THIS THROUGH A NUMBER OF EDUCATION AND OUTREACH PROGRAMS. OUR...

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OUR PROGRAMS HELP INDIVIDUALS AND COMMUNITIES EXPLORE NEW WAYS OF LIVING AND WORKING THAT ARE MORE ADAPTIVE TO A CHANGING WORLD. WE DO THIS THROUGH A NUMBER OF EDUCATION AND OUTREACH PROGRAMS. OUR LARGEST PROGRAMS ARE: OUR K-12 EDUCATION PROGRAM; HERE COMES SOLAR PROGRAM; GREEN WORKFORCE TRAINING PROGRAM; CLEAN ENERGY COMMUNITIES PROGRAM; AND MANAGEMENT OF STUYVESANT COVE PARK ON THE EAST RIVER AT 23RD STREET IN MANHATTAN. EDUCATION: THROUGH OUR K-12 GREEN DESIGN LAB EDUCATION PROGRAM, WE HAVE REACHED STUDENTS AND TEACHERS IN OVER 1,000 SCHOOLS. OUR K-12 EDUCATION PROGRAM PROVIDES CLASSROOM DELIVERY, FIELD TRIPS, WORK BASED LEARNING, PROFESSIONAL DEVELOPMENT FOR TEACHERS, AND ENVIRONMENTAL STEM CURRICULUM. WE REACH THOUSANDS OF YOUTH PER YEAR WITH HANDS-ON ENVIRONMENTAL STEM EDUCATION PROGRAMMING. HERE COMES SOLAR PROVIDES COMPREHENSIVE TECHNICAL ASSISTANCE TO HIGH-BARRIER MARKETS, INCLUDING COMMUNITY ORGANIZATIONS, AFFORDABLE HOUSING PROVIDERS AND RESIDENTS, AND RENTERS, TO MAKE SOLAR COST-EFFECTIVE AND ACCESSIBLE TO ALL. WE FOCUS ON LOW-INCOME COMMUNITIES AND COMMUNITIES OF COLOR WHO FACE DISPROPORTIONATE CHALLENGES TO ACCESSING THE ECONOMIC BENEFITS OF SOLAR.THE GREEN WORKFORCE PROGRAM PROVIDES UNDER- AND UNEMPLOYED INDIVIDUALS WITH EDUCATION, CERTIFICATIONS AND HANDS-ON EXPERIENCE IN SUSTAINABLE CONSTRUCTION, BUILDING OPERATIONS AND MAINTENANCE, HVAC, ENERGY EFFICIENCY AND SOLAR PV. THE TEAM WORKS IN PARTNERSHIP WITH MANY CBOS AND NONPROFITS ACROSS THE CITY TO PROVIDE A FULL-SERVICE WORKFORCE DEVELOPMENT PROGRAM THAT REACHES OR EXCEEDS A 75% JOB PLACEMENT RATE YEAR-OVER-YEAR.CLEAN ENERGY COMMUNITIES PROGRAMS: THROUGH OUR CLEAN ENERGY COMMUNITIES PROGRAM, WE PROVIDE TECHNICAL ASSISTANCE TO NEW YORK CITY AGENCIES IN ORDER TO REDUCE GREENHOUSE GAS EMISSIONS IN THE PUBLIC AND PRIVATE SECTORS.STUYVESANT COVE PARK: THROUGH PROGRAMMING AT STUYVESANT COVE PARK, A UNIQUE PUBLIC GREEN SPACE ON A FORMER INDUSTRIAL SITE, WE TEACH THE PUBLIC ABOUT INTERDEPENDENCIES OF NATIVE PLANTS, WILDLIFE, AND PEOPLE, AND THE POTENTIAL FOR URBAN ECOLOGICAL RESTORATION AND RENEWAL. THE SOLAR ONE ENVIRONMENTAL EDUCATION CENTER (S1EEC) IS BEING CONSTRUCTED IN STUYVESANT COVE PARK WITH A PROJECTED OPENING IN EARLY 2025. AS CURRENTLY PLANNED, IT WILL BE A FULLY RESILIENT BUILDING WITH PHOTOVOLTAIC SOLAR AND BATTERY STORAGE, WITH CLASSROOMS AND OFFICE SPACE, AND WILL BE AVAILABLE FOR A RANGE OF SPECIAL EVENT PROGRAMMING.

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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 $4,172,349
Program Service Revenue $1,400,721
Investment Income $2,364
Other Revenue $51,250
TOTAL REVENUE $5,626,684

Expense Breakdown

Grants Paid $3,974
Salaries & Benefits $5,097,248
Fundraising Expenses $607,593
Program Expenses $5,279,599
Other Expenses $1,747,589
TOTAL EXPENSES $6,933,534

Year-over-Year Comparison

2023 2022 Change
Revenue $5,626,684 $9,352,375 -0.4%
Expenses $6,933,534 $6,767,514 +0.0%
Net Income $-1,306,850 $2,584,861 -1.5%
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
13
Independent Members
13
Employees
58
Volunteers
105

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
7
$585,906
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE R CROTTY CHAIR 2.00
Officer Director
$0 $0 $0
THOR THORS VICE CHAIR 2.00
Officer Director
$0 $0 $0
ANN DAVLIN SECRETARY 2.00
Officer Director
$0 $0 $0
AMY C POSTER TREASURER 2.00
Officer Director
$0 $0 $0
KARA ALLEN BOARD DIRECTOR (THRU JAN 2023) 1.00
Director
$0 $0 $0
HEATHER BEAUDOIN BOARD DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER CAROLAN BOARD DIRECTOR (THRU JAN 2023) 1.00
Director
$0 $0 $0
MAJORA CARTER BOARD DIRECTOR 1.00
Director
$0 $0 $0
DONNA DE COSTANZO BOARD DIRECTOR 1.00
Director
$0 $0 $0
DAVID EHRENBERG BOARD DIRECTOR 1.00
Director
$0 $0 $0
BRIAN FIELDING BOARD DIRECTOR 1.00
Director
$0 $0 $0
JULIE GALLANTY BOARD DIRECTOR 2.00
Director
$0 $0 $0
PATRICIA MCKINNON GRAYSON BOARD DIRECTOR 2.00
Director
$0 $0 $0
CHRISTOPHER RAUP BOARD DIRECTOR 1.00
Director
$0 $0 $0
STEPHAN ROUNDTREE BOARD DIRECTOR (THRU MAR 2023) 1.00
Director
$0 $0 $0
TERRI RUTTER BOARD DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN LEVIN CHIEF EXECUTIVE OFFICER 35.00
Officer
$235,059 $37,730 $272,789
SARAH PIDGEON CHIEF PROGRAM OFFICER 35.00
Officer
$123,548 $32,840 $156,388
NANCY WEBER CHIEF OPERATING OFFICER 35.00
Officer
$144,158 $12,571 $156,729
SARA RADELET DEVELOPMENT DIRECTOR 35.00
Highest
$135,539 $13,124 $148,663
SHINN YANG SENIOR FINANCE DIRECTOR 35.00
Highest
$112,332 $15,284 $127,616
MAXWELL LEVITZKE SENIOR DIRECTOR, GREEN WORKFORCE 35.00
Highest
$116,431 $1,784 $118,215
ANIKA WISTER-JONES SENIOR DIRECTOR, HERE COMES SOLAR 35.00
Highest
$109,805 $5,260 $115,065
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 $5,626,684 $6,933,534 $7,829,756 $-1,306,850
2022 $9,352,375 $6,767,514 $9,453,918 $2,584,861
2021 $6,047,317 $5,513,532 $4,789,679 $533,785
2020 $3,720,951 $4,071,999 $3,649,934 $-351,048
2019 $4,620,786 $3,993,844 $3,596,358 $626,942
2018 $2,877,421 $3,491,941 $2,909,132 $-614,520
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