Civic Intelligence

Washington Square Park Conservancy Inc.

990 • Fiscal year 2014 • EIN 46-1406128

Jul 01, 2013 to Jun 30, 2014 • Filed on Oct 20, 2014

PO Box 1624 Cooper Station10276

(917) 561-7754

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.26x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

0.18x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Net Margin

93rd percentile

37%

Higher net margin than 93% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Top Officer Pay

87th percentile

$0

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • NTEE N • <$500k nonprofits • Source year 2014

Asset Growth

97th percentile

391%

Faster asset growth than 97% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

314%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • NTEE N • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$118,945

Up $94,707 (+391%) from 2013

Net Assets

Up

$87,945

Up $63,707 (+263%) from 2013

Liabilities

Up

$31,000

Up $31,000 from 2013

Revenue

Up

$171,740

Up $130,240 (+314%) from 2013

Expenses

Up

$108,033

Up $90,771 (+526%) from 2013

Net Income

Up

$63,707

Up $39,469 (+163%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2013: $24,238Liabilities 2013: $0Net Assets 2013: $24,2382013Assets 2014: $118,945Liabilities 2014: $31,000Net Assets 2014: $87,9452014Assets 2015: $388,574Liabilities 2015: $129,000Net Assets 2015: $259,5742015Assets 2016: $406,030Liabilities 2016: $185,792Net Assets 2016: $220,2382016Assets 2017: $750,759Liabilities 2017: $89,459Net Assets 2017: $661,3002017Assets 2018: $723,402Liabilities 2018: $78,325Net Assets 2018: $645,0772018Assets 2019: $1,082,698Liabilities 2019: $297,441Net Assets 2019: $785,2572019Assets 2020: $740,708Liabilities 2020: $137,412Net Assets 2020: $603,2962020Assets 2021: $781,558Liabilities 2021: $185,062Net Assets 2021: $596,4962021Assets 2022: $715,346Liabilities 2022: $117,443Net Assets 2022: $597,9032022Assets 2023: $4,672,217Liabilities 2023: $227,223Net Assets 2023: $4,444,9942023Assets 2024: $4,526,445Liabilities 2024: $363,002Net Assets 2024: $4,163,4432024Assets 2025: $3,862,886Liabilities 2025: $389,403Net Assets 2025: $3,473,4832025

Highlighted filing

2014

Assets$118,945
Liabilities$31,000
Net Assets$87,945

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $41,500Expenses 2013: $17,262Net Income 2013: $24,2382013Revenue 2014: $171,740Expenses 2014: $108,033Net Income 2014: $63,7072014Revenue 2015: $380,600Expenses 2015: $208,971Net Income 2015: $171,6292015Revenue 2016: $248,062Expenses 2016: $287,398Net Income 2016: -$39,3362016Revenue 2017: $684,654Expenses 2017: $243,592Net Income 2017: $441,0622017Revenue 2018: $443,626Expenses 2018: $459,849Net Income 2018: -$16,2232018Revenue 2019: $895,332Expenses 2019: $755,152Net Income 2019: $140,1802019Revenue 2020: $637,485Expenses 2020: $819,446Net Income 2020: -$181,9612020Revenue 2021: $716,825Expenses 2021: $723,625Net Income 2021: -$6,8002021Revenue 2022: $828,067Expenses 2022: $826,660Net Income 2022: $1,4072022Revenue 2023: $4,738,736Expenses 2023: $1,027,500Net Income 2023: $3,711,2362023Revenue 2024: $1,211,391Expenses 2024: $1,699,221Net Income 2024: -$487,8302024Revenue 2025: $978,504Expenses 2025: $1,828,762Net Income 2025: -$850,2582025

Highlighted filing

2014

Revenue$171,740
Expenses$108,033
Net Income$63,707
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Oct 20, 2014
Return Version
2013v3.1
Gross Receipts
$184,155
Mission and Program Overview

Mission

Wspc provides funds to nyc parks department to support staffing and supplies for washington square park.

The organization works with the new york city parks department and neighborhood groups to ensure that washington square park continues as a diverse and historical urban green space through engaging volunteers and raising funds to keep the park clean, safe and beautiful.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$24,238$118,945▲ $94,707
Total Assets$24,238$118,945▲ $94,707
Liabilities
Accounts Payable and Accrued Expenses-$31,000-
Total Liabilities$0$31,000▲ $31,000
Net Assets / Fund Balance
Unrestricted Net Assets$24,238$87,945▲ $63,707
Total Net Assets Fund Balance$24,238$87,945▲ $63,707
Total Liabilities and Net Assets / Fund Balance$24,238$118,945▲ $94,707
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$175,155
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-3,415
All Other Contributions
$131,285
Change in Net Assets
$63,707
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$79,000
Other Expenses$29,033
Total Fundraising Expense$5,167
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$79,000--$79,000
Information Technology-$8,864$969$9,833
Advertising-$2,063$759$2,822
Insurance-$1,396-$1,396
Office Expenses-$1,186-$1,186
Other Expenses$1,000$430$750$750
Fees for Services Accounting-$750-$750
All Other Expenses-$70-$70
Total Functional Expenses$88,107$14,759$5,167$108,033
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
13-6400434--Maint., Horticulture$79,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,415
Fundraising Gross Income$9,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$52,870$9,000$6,465$2,535
Total Events$52,870$9,000$12,415$-3,415
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

Broad authority was delegated to the executive committee to manage day to day activities of wspc.

Form 990, Page 6, Part VI, Line 4

Revised bylaws were approved october 2013 which expanded the board.

Form 990, Page 6, Part VI, Line 9

Mitchell silver the arsenal @ central park new york, ny 100065 william castro 24 west 61st street, 5th floor new york, ny 10065 margaret chin (or designee) member of new york city council new york, ny 10007 maria derr -designee of david gruber community board 2 representative new york, ny 10011

Form 990, Page 6, Part VI, Line 11B

A copy of the tax return is presented to the treasurer for preliminary review and then to the audit committee prior to filing along with the board's approval.

Form 990, Page 6, Part VI, Line 12C

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. Once facts are presented, the interested party is removed from discussion and the rest of the board determines if a conflict exists. If it is determined that the member/interested party has failed to disclose an actual or possible conflict of interest, the board will take appropriate disciplinary and corrective action.

Form 990, Page 6, Part VI, Line 15A

There are no employees of wspc but the office of executive director is filled by an employee of the city, subject to the approval of the city's conflicts of interest board(coib) who is responsible for the day-to-day operational management of the park. No compensation from wspc was paid to the executive director. In addition, nyc parks department allocated a portion of the grant money to a summer playground associate.

Form 990, Page 6, Part VI, Line 19

Available upon request and on wspc website.

Filing and Contact Details

Filer

EIN
46-1406128
Phone
9175617754

Signing Officer

Name
Gwen Evans - Treasurer
Title
Veronica Bulgari - President
Phone
9175617754
Signed
2014-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Gwen Evans Veronica Bulgari
Formed
2012
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
9
Employees
0
Volunteers
30

Preparer

Preparer
Jeffrey Shavelson
Phone
5165792880
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization works with the new york city parks department and neighborhood groups to ensure that washington square park continues as a diverse and historical urban green space through engaging volunteers and raising funds to keep the park clean, safe and beautiful.

Form 990, Page 1, Part I, Line 6

For the fiscal year ending june 30, 2014, wspc volunteers contributed 96 hours helping to plant and maintain the gardens within the park.

Form 990, Page 12, Part XII, Line 1

The organization utilized the cash basis of reporting for its' initial return filed for the year ended june 30, 2013. For the year ended june 30, 2014 the organization utilized the accrual method which reflects income and expenses on its' books.

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IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0ANNUAL BENEFIT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MAINT., HORTICULTURE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10NYC PARKS DEPARTMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine20THE ARSENAL - CENTRAL PARK
IRS990ScheduleI/RecipientTable/RecipientEIN0136400434
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10830 FIFTH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/City0NEW YORK CITY
IRS990ScheduleI/RecipientTable/USAddress/State0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode010065
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0USE OF GRANT FUNDS - FORM 990, SCHEDULE I PART 1 LINE 2: WSPC PROVIDES MONIES TO NYC PARKS DEPARTMENT AND OBSERVES THE APPLICATION AND USE OF THE FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WORKS WITH THE NEW YORK CITY PARKS DEPARTMENT AND NEIGHBORHOOD GROUPS TO ENSURE THAT WASHINGTON SQUARE PARK CONTINUES AS A DIVERSE AND HISTORICAL URBAN GREEN SPACE THROUGH ENGAGING VOLUNTEERS AND RAISING FUNDS TO KEEP THE PARK CLEAN, SAFE AND BEAUTIFUL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FOR THE FISCAL YEAR ENDING JUNE 30, 2014, WSPC VOLUNTEERS CONTRIBUTED 96 HOURS HELPING TO PLANT AND MAINTAIN THE GARDENS WITHIN THE PARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BROAD AUTHORITY WAS DELEGATED TO THE EXECUTIVE COMMITTEE TO MANAGE DAY TO DAY ACTIVITIES OF WSPC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVISED BYLAWS WERE APPROVED OCTOBER 2013 WHICH EXPANDED THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MITCHELL SILVER THE ARSENAL @ CENTRAL PARK NEW YORK, NY 100065 WILLIAM CASTRO 24 WEST 61ST STREET, 5TH FLOOR NEW YORK, NY 10065 MARGARET CHIN (OR DESIGNEE) MEMBER OF NEW YORK CITY COUNCIL NEW YORK, NY 10007 MARIA DERR -DESIGNEE OF DAVID GRUBER COMMUNITY BOARD 2 REPRESENTATIVE NEW YORK, NY 10011
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE TAX RETURN IS PRESENTED TO THE TREASURER FOR PRELIMINARY REVIEW AND THEN TO THE AUDIT COMMITTEE PRIOR TO FILING ALONG WITH THE BOARD'S APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. ONCE FACTS ARE PRESENTED, THE INTERESTED PARTY IS REMOVED FROM DISCUSSION AND THE REST OF THE BOARD DETERMINES IF A CONFLICT EXISTS. IF IT IS DETERMINED THAT THE MEMBER/INTERESTED PARTY HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, THE BOARD WILL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THERE ARE NO EMPLOYEES OF WSPC BUT THE OFFICE OF EXECUTIVE DIRECTOR IS FILLED BY AN EMPLOYEE OF THE CITY, SUBJECT TO THE APPROVAL OF THE CITY'S CONFLICTS OF INTEREST BOARD(COIB) WHO IS RESPONSIBLE FOR THE DAY-TO-DAY OPERATIONAL MANAGEMENT OF THE PARK. NO COMPENSATION FROM WSPC WAS PAID TO THE EXECUTIVE DIRECTOR. IN ADDITION, NYC PARKS DEPARTMENT ALLOCATED A PORTION OF THE GRANT MONEY TO A SUMMER PLAYGROUND ASSOCIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AVAILABLE UPON REQUEST AND ON WSPC WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE ORGANIZATION UTILIZED THE CASH BASIS OF REPORTING FOR ITS' INITIAL RETURN FILED FOR THE YEAR ENDED JUNE 30, 2013. FOR THE YEAR ENDED JUNE 30, 2014 THE ORGANIZATION UTILIZED THE ACCRUAL METHOD WHICH REFLECTS INCOME AND EXPENSES ON ITS' BOOKS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 1A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/USAddress/State0NY
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IRS990/WebsiteAddressTxt0WASHINGTONSQUAREPARKCONSERVANCY.ORG
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ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GWEN EVANS - TREASURER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VERONICA BULGARI - PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09175617754
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine10WASHINGTON SQUARE PARK CONSERVANCY
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10SHAVELSON NEUMAN & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1030 JERICHO EXECUTIVE PLZ STE 200E
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0JERICHO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NY

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