2025-02-24T18:13:24-06:00 2024-06-30 133597814 SKODY SCOT & CO CPAS PC 520 EIGHTH AVE SUITE 2200 NEW YORK NY 10018 990 2023-07-01 133275810 GRAND CENTRAL PARTNERSHIP INC GRAN 2128832420 122 EAST 42ND STREET 601 NEW YORK NY 10168 ALFRED C CERULLO III PRESIDENT & C.E.O. 2128832420 2025-02-24 1 1 WILLIAM SKODY P00631754 2129671100 2025-02-24 2023 2025-03-06 01:10:19Z ALFRED C CERULLO III 122 EAST 42ND STREET 601 NEW YORK NY 10168 14173361 0 X WWW.GRANDCENTRALPARTNERSHIP.ORG X 1985 NY PROMOTE THE VITALITY AND ECONOMIC GROWTH OF A BUSINESS IMPROVEMENT DISTRICT LOCATED IN NYC. 36 30 126 30 0 0 58875 100500 13157460 13139767 92101 633094 196286 261655 13504722 14135016 28825 0 0 0 7786766 8361037 0 0 0 4927572 4706908 12743163 13067945 761559 1067071 17506496 18266440 6833933 6526806 10672563 11739634 X THE GRAND CENTRAL PARTNERSHIP PROVIDES SUPPLEMENTAL PUBLIC SAFETY, SANITATION, STREETSCAPE IMPROVEMENT, VISITOR INFORMATION AND BUSINESS SUPPORT SERVICES, INCLUDING MARKETING AND SPECIAL EVENTS TO BENEFIT PROPERTY OWNERS, BUSINESSES AND RESIDENTS IN A 70 SQUARE BLOCK AREA OF MIDTOWN MANHATTAN. 0 0 3918356 SANITATION - MAINTAINING CLEAN STREETS/CURBS, LITTER AND GRAFFITI REMOVAL. 2088019 430395 DISTRICT-WIDE MAINTENANCE - IMPROVING AND MAINTAINING THE OVERALL APPEARANCE OF THE DISTRICT BY INSTALLING STREETSCAPE AMENITIES SUCH AS PUBLIC FURNITURE AND STREET LIGHTING, AND THE COST OF FINANCING THOSE IMPROVEMENTS. 3128680 PUBLIC SAFETY - PROVIDING INCREASED PUBLIC SECURITY THROUGH A COMBINATION OF UNIFORMED OFFICERS AND A WORKING RELATIONSHIP WITH THE NEW YORK CITY POLICE DEPARTMENT AND OTHER PUBLIC AND PRIVATE LAW ENFORCEMENT. 306195 TOURIST GREETERS - PROVIDING INFORMATION, BROCHURES AND MAPS, AND TOURS TOVISITORS, WORKERS, RESIDENTS AND OTHERS, AT MULTIPLE LOCATIONS IN THE DISTRICT. 631913 HORTICULTURE ENHANCES THE DISTRICT THROUGH PLANTINGS AND DECORATIONS. 198940 SOCIAL SERVICES - CONTRACTING WITH A HOMELESS OUTREACH ORGANIZATION TO PROVIDE AT-RISK INDIVIDUALS WITH CRISIS INTERVENTION SERVICES SUCH AS EMERGENCY MEDICAL AND MENTAL HEALTH ASSISTANCE, FOOD, CLOTHING, AND TEMPORARY AND LONG-TERM HOUSING. 982485 EXTERNAL AFFAIRS - PROMOTING THE DISTRICT THROUGH CORPORATE COMMUNICATIONS, SOCIAL MEDIA AND PUBLIC RELATIONS CAMPAIGNS; RETAIL AND COMMERCIAL BUSINESS SUPPORT; MARKETING; SPONSORSHIP OPPORTUNITIES AND SPECIAL EVENTS; AND THE COMPILATION OF DEMOGRAPHIC AND OTHER KEY DATA ABOUT THE MIDTOWN EAST NEIGHBORHOOD. 2119533 11254588 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 74 0 1 126 1 0 0 0 0 0 0 0 0 0 0 X 36 30 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NY X THE ORGANIZATION 2128832420 122 EAST 42ND STREET 601 NEW YORK NY 10168 PETER S KALIKOW CHAIR 0.50 0.50 X X 0 0 0 MICHELLE ADAMS VICE CHAIR 0.50 0.50 X X 0 0 0 JAMES WHELAN SECRETARY 0.50 0.50 X X 0 0 0 JOHN L MASCIALINO TREASURER 0.50 0.50 X X 0 0 0 ABY ROSEN DIRECTOR 0.50 0.50 X 0 0 0 ADAM F ABRAMSON DIRECTOR 0.50 0.50 X 0 0 0 ALAN WIENER DIRECTOR 0.50 0.50 X 0 0 0 ANDREW D LEVIN DIRECTOR 0.50 0.50 X 0 0 0 BRAD LANDER DIRECTOR 0.50 0.50 X 0 0 0 BRADLEY KATZ DIRECTOR 0.50 0.50 X 0 0 0 DAVID BRAUSE DIRECTOR 0.50 0.50 X 0 0 0 DIMITRIS NAKOS DIRECTOR 0.50 0.50 X 0 0 0 DONALD SVOBODA DIRECTOR 0.50 0.50 X 0 0 0 DOUGLAS DURST DIRECTOR 0.50 0.50 X 0 0 0 DUNCAN MCCUAIG DIRECTOR 0.50 0.50 X 0 0 0 ERIC ADAMS DIRECTOR 0.50 0.50 X 0 0 0 FRANCES A DELGORIO DIRECTOR 0.50 0.50 X 0 0 0 FRED POSNIAK DIRECTOR 0.50 0.50 X 0 0 0 GABRIEL DAGAN DIRECTOR 0.50 0.50 X 0 0 0 GLEN J WEISS DIRECTOR 0.50 0.50 X 0 0 0 HOWARD P MILSTEIN DIRECTOR 0.50 0.50 X 0 0 0 JANNO LIEBER DIRECTOR 0.50 0.50 X 0 0 0 JONATHAN KALIKOW DIRECTOR 0.50 0.50 X 0 0 0 KEITH POWERS DIRECTOR 0.50 0.50 X 0 0 0 MARK GROSSICH DIRECTOR 0.50 0.50 X 0 0 0 MARK LEVINE DIRECTOR 0.50 0.50 X 0 0 0 MICHAEL J REGAN DIRECTOR 0.50 0.50 X 0 0 0 NICHOLAS MARTIN DIRECTOR 0.50 0.50 X 0 0 0 PATRICK LEYDEN DIRECTOR 0.50 0.50 X 0 0 0 PETER S DUNCAN DIRECTOR 0.50 0.50 X 0 0 0 ROBERT BILLINGSLEY DIRECTOR 0.50 0.50 X 0 0 0 SARAH MURRAY DIRECTOR 0.50 0.50 X 0 0 0 SCOTT RECHLER DIRECTOR 0.50 0.50 X 0 0 0 STEVEN DURELS DIRECTOR 0.50 0.50 X 0 0 0 SUSAN MENDIK DIRECTOR 0.50 0.50 X 0 0 0 WILLIAM G COHEN DIRECTOR 0.50 0.50 X 0 0 0 ALFRED C CERULLO III PRESIDENT & C.E.O. 45.00 5.00 X 635390 0 25476 ROCHELLE PATRICOF VP FOR ADMIN & OPERATIONS/DEPUTY GEN. COUNSEL 45.00 5.00 X 245806 0 56427 ROBERT ADINOLFI C.F.O. & ASSISTANT TREASURER 45.00 5.00 X 222844 0 57774 MARC WURZEL GENERAL COUNSEL & ASSISTANT SEC. 45.00 5.00 X 274009 0 21477 LINDSAY E EASON DIR. OF FIELD OPERATIONS 45.00 5.00 X 157500 0 3150 KENT GRZECZKA DIRECTOR OF CAPITAL MAINTENANCE 45.00 5.00 X 121107 0 41069 ALBERTA ANCRUM DEPUTY DIR. OF FIELD OPERATIONS 45.00 5.00 X 122531 0 17333 RYAN PUKOS DIRECTOR OF DATA & PUBLIC AFFAIRS 45.00 5.00 X 117960 0 37181 1897147 0 259887 8 0 1 0 0 100500 100500 ASSESSMENT REVENUE 900099 12709372 12709372 OTHER FEES & CONTRACTS 900099 430395 430395 13139767 633094 633094 300000 38345 261655 261655 261655 14135016 13139767 0 894749 X 1658541 1442937 215604 5024139 4352645 671494 32112 29315 2797 478824 437117 41707 1167421 1065735 101686 15339 15339 35750 35750 16984 16984 1647905 1606838 41067 115144 86367 28777 953039 431126 521913 823678 799679 23999 576928 519601 57327 SUPPLIES EXP. 313505 303281 10224 MEETINGS & SPONSORSHIPS 113019 94110 18909 MAINTENANCE EXP. 55384 53120 2264 DUES & MEMBERSHIPS 40233 32717 7516 13067945 11254588 1813357 0 107411 274000 5674742 1178624 179509 149244 380432 242770 41273842 39897909 2088757 1375933 2895551 9430076 6180094 5615793 17506496 18266440 414310 597066 86295 86295 6333328 5843445 6833933 6526806 X 10595716 11597887 76847 141747 10672563 11739634 17506496 18266440 1067071 0 X X 0 1 X 1 0 X 1554870 35482 77040 58875 100500 1826767 12709372 12709372 12709372 12709372 12709372 63546860 14264242 12744854 12786412 12768247 12809872 65373627 65373627 433999 541209 672384 288387 894749 2830728 68204355 2514493 0.95850 0.96350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16984 16984 13050961 13067945 803397 200849 0 0 816410 785543 787158 803397 3192508 4788762 9392 11423 13159 16984 50958 204103 196386 196790 200849 798128 1197192 0 0 0 0 PAGE 2 - LINES 1B AND 2C WHILE GCP IS NOT ENGAGED IN DIRECT LOBBYING ACTIVITIES, IT DOES PAY MEMBERSHIP DUES TO ORGANIZATIONS THAT WE UNDERSTAND ENGAGE IN LOBBYING ACTIVITIES. 40914692 39582753 1331939 146257 146257 0 212893 168899 43994 1375933 CERTIFICATES OF DEPOSIT 9430076 F 9430076 SECURITY DEPOSITS 116780 RIGHT-OF-USE ASSET - OPERATING LEASES 5499013 5615793 LEASE LIABILITY - OPERATING LEASES 5843445 5843445 14135016 0 14135016 0 14135016 13067945 0 13067945 0 13067945 X X X X 0 0 0 0 0 0 0 0 0 ALFRED C CERULLO III PRESIDENT & C.E.O. 619988 0 0 0 15402 0 6600 0 18876 0 660866 0 0 0 ROCHELLE PATRICOF VP FOR ADMIN & OPERATIONS/DEPUTY GEN 245806 0 0 0 0 0 5118 0 51309 0 302233 0 0 0 ROBERT ADINOLFI C.F.O. & ASSISTANT TREASURER 222844 0 0 0 0 0 4544 0 53230 0 280618 0 0 0 MARC WURZEL GENERAL COUNSEL & ASSISTANT SEC. 274009 0 0 0 0 0 1978 0 19499 0 295486 0 0 0 LINDSAY E EASON DIR. OF FIELD OPERATIONS 157500 0 0 0 0 0 3150 0 0 0 160650 0 0 0 KENT GRZECZKA DIRECTOR OF CAPITAL MAINTENANCE 121107 0 0 0 0 0 2636 0 38433 0 162176 0 0 0 RYAN PUKOS DIRECTOR OF DATA & PUBLIC AFFAIRS 117960 0 0 0 0 0 2520 0 34661 0 155141 0 0 0 ERIC ADAMS BOARD DIRECTOR - IS THE MAYOR OF THE CITY OF NEW YORK 739015 ECO DEV SPACE - THE ORGANIZATION LEASES ECONOMIC DEVELOPMENT SPACE FROM THE CITY OF NEW YORK. 0 HOWARD MILSTEIN BOARD DIRECTOR 4866 OUTSIDE SPACE-THE ORGANIZATION LEASES EXTERIOR SPACE FOR SUPPLEMENTAL PUBLIC LIGHTING, AND PAYS ONLY FOR RELATED ELECTRICAL COST, ON A COMMERCIAL OFFICE BUILDING RELATED TO A BOARD MEMBER. 0 STEVEN DURELS BOARD DIRECTOR 6131 OUTSIDE SPACE-THE ORGANIZATION LEASES EXTERIOR SPACE FOR SUPPLEMENTAL PUBLIC LIGHTING, AND PAYS ONLY FOR RELATED ELECTRICAL COST, ON A COMMERCIAL OFFICE BUILDING RELATED TO A BOARD MEMBER. 0 JAMES WHELAN BOARD DIRECTOR 27300 THE ORGANIZATION ATTENDED AN EVENT AND PAYS DUES TO AN ENTITY WHICH THE BOARD MEMBER SERVES AS THE PRESIDENT. 0 ROBERT BILLINGSLEY BOARD DIRECTOR 450084 ROBERT L BILLINGSLEY, A BOARD MEMBER, IS ALSO A VICE PRESIDENT OFCUSHMAN & WAKEFIELD, A REAL ESTATE MANAGEMENT FIRM. CUSHMAN & WAKEFIELD IS THE MANAGING AGENT OF 122 EAST 42ND STREET AND COLLECTS RENT FROM THE ORGANIZATION FOR LEASING THE SPACE FOR OUR EXECUTIVE OFFICES. 0 FRED POSNIAK BOARD DIRECTOR 4387 OUTSIDE SPACE-THE ORGANIZATION LEASES EXTERIOR SPACE FOR SUPPLEMENTAL PUBLIC LIGHTING, AND PAYS ONLY FOR RELATED ELECTRICAL COST, ON A COMMERCIAL OFFICE BUILDING RELATED TO A BOARD MEMBER. 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP TO THE ORGANIZATION OCCURS WITH ELECTION TO THE BOARD. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS AT EVERY OTHER ANNUAL MEETING. MEMBERS MAY FILL VACANCIES OR REMOVE A BOARD MEMBER AT ANY ANNUAL OR REGULAR MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE 990 HAS BEEN REVIEWED BY A GROUP OF PERSONS AUTHORIZED TO REVIEW FINANCIAL AND AUDIT MATTERS PRIOR TO FILING. THE FINAL 990 (FILED WITH THE IRS) WILL BE AVAILABLE AT THE NEXT MEETING OF THE BOARD FOR INSPECTION. IN ADDITION, UPON REQUEST OF ANY BOARDMEMBER, A COPY WILL BE PROVIDED. IF THERE ARE ANY MATERIAL CHANGES, AN AMENDED 990 WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENFORCES THE CONFLICT OF INTEREST POLICY BY MONITORING KNOWN RELATIONSHIPS, QUESTIONNAIRES, AND NOTING ANY CHANGES IN DISCLOSED INFORMATION. FORM 990, PART VI, SECTION B, LINE 15 THIS REVIEW INCLUDES RESEARCHING GUIDESTAR, 990S, NY NON-PROFIT NETWORK ANNUAL SALARY SURVEY, PHONE CALLS TO OTHER ORGANIZATIONS TO COLLECT DATA AND ULTIMATELY APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE, OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE CONTRACTORS - SANITATION: PROGRAM SERVICE EXPENSES 150,968. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,968. OUTSIDE CONTRACTORS - EXTERNAL AFFAIRS: PROGRAM SERVICE EXPENSES 341,304. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 341,304. OUTSIDE CONTRACTORS - DISTRICT-WIDE MAINTENANCE: PROGRAM SERVICE EXPENSES 649,255. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 649,255. OUTSIDE CONTRACTORS - HORTICULTURE: PROGRAM SERVICE EXPENSES 302,422. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 302,422. OUTSIDE CONTRACTORS - SOCIAL SERVICES: PROGRAM SERVICE EXPENSES 52,075. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,075. OUTSIDE CONTRACTORS - PUBLIC SAFETY: PROGRAM SERVICE EXPENSES 101,714. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 101,714. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 9,100. MANAGEMENT AND GENERAL EXPENSES 41,067. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,167. FORM 990. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. SCHEDULE L THE ORGANIZATION LEASES SPACE OWNED BY THE CITY OF NY UNDER THE PERSHING SQUARE VIADUCT WHICH WAS DEVELOPED FOR THE OPERATION OF A RESTAURANT. THE ORGANIZATION PAYS RENT, ADDITIONAL RENT, AND MAKES A PAYMENT IN LIEU OF TAXES (PILOT) TO THE CITY UNDER THE LEASE. REPRESENTATIVES OF THE CITY OF NEW YORK SERVE AS DIRECTORS OF THIS ORGANIZATION. SCHEDULE R GCP-GCDMA RELATIONSHIP PURSUANT TO A MANAGEMENT AGREEMENT DATED JULY 1991 BETWEEN GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION (GCDMA) AND GRAND CENTRAL PARTNERSHIP (GCP), GCDMA RETAINS GCP TO ADMINISTER THE REQUIRED SUPPLEMENTAL SERVICES, AND TURNS OVER ALL ASSESSMENT REVENUES TO GCP TO FINANCE THE DELIVERY OF SUCH SERVICES IN THE GRAND CENTRAL BUSINESS IMPROVEMENT DISTRICT. GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION INC 122 EAST 42ND STREET NO 601 NEW YORK NY 10168 133520221 PROMOTE THE VITALITY AND ECONOMIC GROWTH OF THE BUS. IMPROVEMENT DISTRICT. NY 501(C)(3) 170(B)(1) (A)(VI) GRAND CENTRAL PARTNERSHIP INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 GRAND CENTRAL DISTRICT MANAGEMENT ASSOCIATION S 12709372