Civic Intelligence

Pacific Park Conservancy Inc.

990 • Fiscal year 2021 • EIN 82-2723956

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization ProfileN/A
1 Metrotech Center 18 FLBrooklyn, NY 11201

(718) 559-5115

Siviq Scores

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

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

61st percentile

0.22x

Higher debt load relative to revenue than 61% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Net Margin

40th percentile

6.6%

Higher net margin than 40% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2021 filings • NTEE N • $1M-$5M nonprofits • Source year 2021

Asset Growth

98th percentile

312%

Faster asset growth than 98% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

981%

Faster revenue growth than 98% of similar nonprofits.

2021 filings • NTEE N • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$411,615

Up $311,615 (+312%) from 2020

Net Assets

Up

$171,061

Up $71,061 (+71%) from 2020

Liabilities

Up

$240,554

Up $240,554 from 2020

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin40th percentile

Revenue

Up

$1,080,918

Up $980,918 (+981%) from 2020

Expenses

Up

$1,009,857

Up $1,009,857 from 2020

Net Income

Down

$71,061

Down $28,939 (-29%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$1.5M$1.0M$500K$0Assets 2020: $100,000Liabilities 2020: $0Net Assets 2020: $100,0002020Assets 2021: $411,615Liabilities 2021: $240,554Net Assets 2021: $171,0612021Assets 2022: $551,990Liabilities 2022: $0Net Assets 2022: $551,9902022Assets 2023: $1,006,364Liabilities 2023: $231,815Net Assets 2023: $774,5492023Assets 2024: $1,158,101Liabilities 2024: $356,859Net Assets 2024: $801,2422024

Highlighted filing

2021

Assets$411,615
Liabilities$240,554
Net Assets$171,061
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$1.5M$1.0M$500K$0Revenue 2020: $100,000Expenses 2020: $0Net Income 2020: $100,0002020Revenue 2021: $1,080,918Expenses 2021: $1,009,857Net Income 2021: $71,0612021Revenue 2022: $444,075Expenses 2022: $279,253Net Income 2022: $164,8222022Revenue 2023: $1,024,043Expenses 2023: $657,789Net Income 2023: $366,2542023Revenue 2024: $1,115,783Expenses 2024: $1,091,854Net Income 2024: $23,9292024

Highlighted filing

2021

Revenue$1,080,918
Expenses$1,009,857
Net Income$71,061
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$1,080,918
Mission and Program Overview

Mission

Own, plan, program, operate, maintain, secure, and improve for public recreational and other charitable use, the planned publicly accessible open space being developed as part of the atlantic yards land use improvement and civic project in the borough of brooklyn, new york ("pacific park").

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,000$353,949▲ $253,949
Accounts Receivable-$24,447-
Prepaid Expenses and Deferred Charges-$23,658-
Land, Buildings, and Equipment, Net$0$9,561▲ $9,561
Total Assets$100,000$411,615▲ $311,615
Liabilities
Other Liabilities$0$150,877▲ $150,877
Accounts Payable and Accrued Expenses-$89,677-
Total Liabilities$0$240,554▲ $240,554
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,000$171,061▲ $71,061
Total Net Assets Fund Balance$100,000$171,061▲ $71,061
Total Liabilities and Net Assets / Fund Balance$100,000$411,615▲ $311,615

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$9,561$1,062$10,623
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Ashley CottonChairperson/president
Allen GongDirector
Alyson BehaDirector
Glinda AndrewsDirector
Jen KuangDirector
John BowenDirector
Josie MokDirector
Martin MaherDirector
Peter D FlemingDirector
Scott SolishDirector
Suma MandelDirector
Stephanie RosenbergSecretary
Lemore CzeislerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,080,918
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$71,061

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,080,918
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,080,918
Total Revenue per Form 990
$1,080,918
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,009,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$381,478-$381,478
Fees for Services Legal-$242,010-$242,010
Fees for Services Accounting-$9,000-$9,000
Other Expenses$22,144$1,479-$1,479
Depreciation Depletion-$1,062-$1,062
Total Functional Expenses$374,828$635,029$0$1,009,857

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,009,857
Total Expenses per Audited Statements$1,009,857
Total Expenses per Form 990$1,009,857
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliate$150,877
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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, Part VI, Section B, Line 11B

“The 990 is reviewed by the treasurer and president prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The minutes of the conservancy's reviewing body reviewing a related party transaction, other conflict of interest or potential conflict of interest shall be prepared on a contemporaneous basis and shall contain, as appropriate: (i) the names of the persons who disclosed or otherwise were found to have a conflict of interest or a potential conflict of interest, the nature and material facts of the interest, any action taken to determine whether a conflict of interest was present, and the reviewing body decision as to whether a related party transaction or other conflict of interest in fact existed; (ii) the names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings; (iii) a statement that the transaction was found to be "fair, reasonable and in the corporation's best interest at the time of such determination" (required for related party transactions); and (iv) if the related party has a substantial financial interest in a related party transaction, the minutes must contain the basis for the approval, including a description of the alternative transactions considered.”

Form 990, Part VI, Section C, Line 19

“The conservancy makes its governing documents, conflict of interest policy and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Pacific Park Conservancy Inc
EIN
82-2723956
Phone
7185595115
Address
1 METROTECH CENTER 18 FL, BROOKLYN, NY 11201

Signing Officer

Name
Scott Solish
Title
Director
Phone
7185595115
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Solish
Formed
2017
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
4

Preparer

Firm
Buchbinder Tunick & Co Llp
Address
ONE PENN PLAZA - SUITE 3200, NEW YORK, NY 10119-0002
Preparer
Ted Kirshenbaum
Phone
2126955003
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Item 2C

“The process has not changed from the prior year.”

Raw XML Appendix382 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01009857
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09561
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01062
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt010623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0150877
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01080918
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09561
IRS990ScheduleD/TotalExpensesPerForm990Amt01009857
IRS990ScheduleD/TotalLiabilityAmt0150877
IRS990ScheduleD/TotalRevenuePerForm990Amt01080918
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01080918
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01009857
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE TREASURER AND PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MINUTES OF THE CONSERVANCY'S REVIEWING BODY REVIEWING A RELATED PARTY TRANSACTION, OTHER CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST SHALL BE PREPARED ON A CONTEMPORANEOUS BASIS AND SHALL CONTAIN, AS APPROPRIATE: (I) THE NAMES OF THE PERSONS WHO DISCLOSED OR OTHERWISE WERE FOUND TO HAVE A CONFLICT OF INTEREST OR A POTENTIAL CONFLICT OF INTEREST, THE NATURE AND MATERIAL FACTS OF THE INTEREST, ANY ACTION TAKEN TO DETERMINE WHETHER A CONFLICT OF INTEREST WAS PRESENT, AND THE REVIEWING BODY DECISION AS TO WHETHER A RELATED PARTY TRANSACTION OR OTHER CONFLICT OF INTEREST IN FACT EXISTED; (II) THE NAMES OF THE PERSONS WHO WERE PRESENT FOR DISCUSSIONS AND VOTES RELATING TO THE TRANSACTION OR ARRANGEMENT, THE CONTENT OF THE DISCUSSION, INCLUDING ANY ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE PROCEEDINGS; (III) A STATEMENT THAT THE TRANSACTION WAS FOUND TO BE "FAIR, REASONABLE AND IN THE CORPORATION'S BEST INTEREST AT THE TIME OF SUCH DETERMINATION" (REQUIRED FOR RELATED PARTY TRANSACTIONS); AND (IV) IF THE RELATED PARTY HAS A SUBSTANTIAL FINANCIAL INTEREST IN A RELATED PARTY TRANSACTION, THE MINUTES MUST CONTAIN THE BASIS FOR THE APPROVAL, INCLUDING A DESCRIPTION OF THE ALTERNATIVE TRANSACTIONS CONSIDERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONSERVANCY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, ITEM 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0100000
IRS990/TotalAssetsEOYAmt0411615
IRS990/TotalAssetsGrp/BOYAmt0100000
IRS990/TotalAssetsGrp/EOYAmt0411615
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0635029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0374828
IRS990/TotalFunctionalExpensesGrp/TotalAmt01009857
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0240554
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0240554
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100000
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0171061
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0374828
IRS990/TotalProgramServiceRevenueAmt01080918
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01080918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01080918
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt04
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0100000
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0411615
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 METROTECH CENTER 18 FL
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011201
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT SOLISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07185595115
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PACIFIC PARK CONSERVANCY INC
ReturnHeader/Filer/BusinessNameControlTxt0PACI
ReturnHeader/Filer/EIN0822723956
ReturnHeader/Filer/PhoneNum07185595115
ReturnHeader/Filer/USAddress/AddressLine1Txt01 METROTECH CENTER 18 FL
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0131578842
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BUCHBINDER TUNICK & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE PENN PLAZA - SUITE 3200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0101190002
ReturnHeader/PreparerPersonGrp/PhoneNum02126955003
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TED KIRSHENBAUM
ReturnHeader/ReturnTs02022-11-15T15:11:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SOLISH
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$411,615
Liabilities
$240,554
Net assets
$171,061
Revenue
$1,080,918
Expenses
$1,009,857
Net income
$71,061
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.36$0.80$1.12$1.09$0.02
2023Summary only. Only limited summary data is available for this year.$1.01$0.23$0.77$1.02$0.66$0.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.00$0.55$0.44$0.28$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.24$0.17$1.08$1.01$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.10$0.00$0.10