Overview
What is Bryant Park Management Corporation?
Bryant Park Management Corporation is a business improvement district (BID) situated in the vicinity of Bryant Park, New York. Established by property owners in the area, its main objective is to enhance the commercial and physical environment by funding and supporting the approved activities of Bryant Park Corporation. These activities aim to manage, improve, and maintain Bryant Park as a lively, clean, and secure public space. The BID collects assessments, which are levied by the city, to finance various projects such as installing and maintaining park improvements, providing sanitation, ensuring security, maintaining horticulture, organizing public events, and promoting the park. Daily operations include attractions like Le Carousel, the Bryant Park Outdoor Reading Room, Bryant Park Games, performances, and ice skating during winter. Overall, Bryant Park Management Corporation plays a crucial role in preserving and enhancing the charm of Bryant Park for the local community and visitors.
Official website here: www.bryantpark.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
Bryant Park Management Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The overall score is entirely based on its accountability and finance practices, which scored 92%. Key metrics such as a 97% independent board and zero material diversion of assets highlight its robust governance.
The organization excels in financial transparency, demonstrated by its perfect scores in areas such as audit oversight, conflict of interest policies, and documentation of board meeting minutes. Additionally, the organization's liabilities to assets ratio stands at 0.00%, indicating a solid financial position. Its program expense ratio is also commendable at 100.00%, suggesting that all resources are directed towards its mission.
While the organization showcases significant strengths, potential donors may still wish to consider any qualitative feedback from beneficiaries or community members, as the rating primarily focuses on financial and governance metrics. Overall, Bryant Park Management Corporation appears to be a reputable charity that prioritizes responsible management and effective allocation of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Bryant Park Management Corporation legitimate?
Bryant Park Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bryant Park Management Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.bryantpark.org
What is the mission statement of Bryant Park Management Corporation?
Bryant Park Management Corporation's mission is centered around enhancing the commercial and aesthetic aspects of its surrounding area, primarily by supporting the initiatives of Bryant Park Corporation. This business improvement district (BID) aims to maintain and improve Bryant Park, transforming it into a lively, clean, and secure public space. The corporation collects assessments, levied by The City of New York, to finance various approved activities. These activities encompass park enhancements, sanitation, security, horticulture, organizing public events and activities, and promoting the Park and its offerings. Daily activities include Le Carousel, the Bryant Park Outdoor Reading Room, Bryant Park Games, performances, classes, and free ice skating during winter.
Official website here: www.bryantpark.org
Who is the CEO of Bryant Park Management Corporation?
Daniel A Biederman is the President of Bryant Park Management Corporation.
Official website here: www.bryantpark.org
What is the revenue of Bryant Park Management Corporation?
Bryant Park Management Corporation's revenue in 2022 was $2,500,000.
Official website here: www.bryantpark.org
Who are the executives of Bryant Park Management Corporation and what are their salaries?
There 35 volunteers at Bryant Park Management Corporation.
Here are 41 key members and their salaries:
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Official website here: www.bryantpark.org
Where can I find the form 990 for Bryant Park Management Corporation?
Bryant Park Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bryantpark.org
Learn more at the official website: www.bryantpark.org
Mission Statement of Bryant Park Management Corporation
Bryant Park Management Corporation, as a business improvement district (BID), is on a mission to enhance the commercial and physical environment surrounding Bryant Park. This organization, comprised of properties in the area, supports the efforts of Bryant Park Corporation in managing, improving, and maintaining the Park as a lively, clean, and secure public space. To achieve this, Bryant Park Management Corporation relies on assessments, levied and collected by The City of New York, from BID properties. These funds are utilized to fund various approved activities undertaken by Bryant Park Corporation, which primarily involves the management of Bryant Park.
Approved activities under Bryant Park Management Corporation's purview include the installation and maintenance of park improvements, sanitation, security, horticulture, organizing public events and activities, and promoting the Park and its programs. Daily activities in Bryant Park, overseen by Bryant Park Management Corporation, include engaging attractions like Le Carousel, the Bryant Park Outdoor Reading Room, Bryant Park Games, and free ice skating during winter. Furthermore, the Corporation sponsors lunchtime and evening performances and classes, contributing to Bryant Park's vibrant atmosphere.
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Impact
August, 2024
The Bryant Park Management Corporation plays a crucial role in improving the commercial and physical environment in and around Bryant Park in New York City. By supporting the approved activities of the Bryant Park Corporation, this organization helps manage, improve, and maintain Bryant Park as a vibrant, clean, and safe public space.
Through the granting of BID assessments, which are billed and collected by The City of New York, the Bryant Park Management Corporation contributes towards funding various activities such as installation and maintenance of park improvements, sanitation, security, horticulture, public events and activities, and promotion of the Park and its programs.
The daily activities facilitated by the Bryant Park Management Corporation include Le Carousel, the Bryant Park Outdoor Reading Room, Bryant Park Games, lunchtime and evening performances and classes, as well as free ice skating during the winter. These initiatives enhance the overall experience for visitors and residents alike, making Bryant Park a popular destination within the city.
This information is meant to be a general summary of Bryant Park Management Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $2,500,000
- Gross Receipts: $2,500,000
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BID assessments
Revenue
$2,500,000
Organization Details
Founding Year
1983
Phone
(212) 768-4242Principal Officer
Daniel A Biederman
Main Address
1065 Avenue of the Americas 2400, New York, NY, 10018
Website
www.bryantpark.orgNTEE Category
Code: L52Z - Housing
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