Overview
What is Brooklyn Bridge Park Corporation?
The Brooklyn Bridge Park Corporation, also known as Brooklyn Bridge Park (BBP), functions as the entity responsible for the planning, construction, maintenance, and operation of Brooklyn Bridge Park. This 85-acre sustainable waterfront park spans 1.3 miles along Brooklyn's East River shoreline and attracts hundreds of thousands of visitors throughout the year. The organization's mission is to create a public space that connects people, nature, and the waterfront through inclusive, innovative, and sustainable management and design. The Brooklyn Bridge Park Corporation operates under a mandate to be financially self-sustaining and activates certain development sites within the project's footprint. Based in Brooklyn, New York, the nonprofit employs a workforce of 83 individuals.
Official website here: www.brooklynbridgepark.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
Brooklyn Bridge Park Corporation has achieved a remarkable Four-Star rating from Charity Navigator, reflecting an impressive commitment to accountability and finance management. The organization scored a total of 96% in these areas, indicating strong financial health and effective oversight practices. This high score is particularly noteworthy as it is based solely on the accountability and finance metrics, showcasing the organization's transparency and responsible use of funds.
The nonprofit boasts a fully independent board, with all eight members meeting this criterion, thereby ensuring unbiased governance. Additionally, it has robust financial oversight mechanisms in place, including an Audit and Oversight Committee that has received full marks. The organization has also demonstrated responsible asset management, with no material diversions reported, further enhancing its credibility.
While the rating highlights significant strengths, such as an exceptional program expense ratio of 86.57%, which indicates that a large majority of funds are directed towards programs rather than administrative costs, there are no noted limitations in the data that would detract from its overall strong performance. Overall, Brooklyn Bridge Park Corporation stands out as a fiscally responsible nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn Bridge Park Corporation legitimate?
Brooklyn Bridge Park Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn Bridge Park 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:
Executive Compensation: $791,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,158,466
For more financial information, click here
Official website here: www.brooklynbridgepark.org
What is the mission statement of Brooklyn Bridge Park Corporation?
The Brooklyn Bridge Park Corporation, also known as Brooklyn Bridge Park (BBP), is in charge of the planning, construction, maintenance, and operation of an 85-acre waterfront park spanning 1.3 miles along Brooklyn's shoreline. Their mission is to create an exceptional public space that brings together people, nature, and the waterfront through inclusive, innovative, and sustainable management and design. Operating under a mandate to be financially self-sustaining, BBP activates certain development sites within the park to achieve this goal.
Official website here: www.brooklynbridgepark.org
Who is the CEO of Brooklyn Bridge Park Corporation?
Eric Landau is the Director of Brooklyn Bridge Park Corporation.
Official website here: www.brooklynbridgepark.org
What is the revenue of Brooklyn Bridge Park Corporation?
Brooklyn Bridge Park Corporation's revenue in 2022 was $31,802,513.
Official website here: www.brooklynbridgepark.org
Who are the executives of Brooklyn Bridge Park Corporation and what are their salaries?
The average compensation at Brooklyn Bridge Park Corporation during 2022 was $59,633. There are 83 employees and 17 volunteers at Brooklyn Bridge Park Corporation.
Here are 28 key members and their salaries:
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- Compensation: $181,280
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- Other: $42,451
Official website here: www.brooklynbridgepark.org
Where can I find the form 990 for Brooklyn Bridge Park Corporation?
Brooklyn Bridge Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brooklynbridgepark.org
Learn more at the official website: www.brooklynbridgepark.org
Mission Statement of Brooklyn Bridge Park Corporation
Brooklyn Bridge Park Corporation, or BBP, is a dedicated entity responsible for the planning, construction, maintenance, and operation of Brooklyn Bridge Park. This 85-acre sustainable waterfront park, located along Brooklyn's East River shoreline, stretches 1.3 miles and connects people, nature, and the waterfront through inclusive, innovative, and sustainable management and design. BBP's mission is to provide an exceptional public space by embodying its financial self-sustaining mandate, as outlined in its General Project Plan. This mandate includes the activation of certain development sites within the park's footprint. BBP's commitment to its mission is reflected in its efforts to create a vibrant, inclusive, and accessible space for the community, where people can enjoy the natural beauty of the waterfront and engage in various activities. The park's design prioritizes sustainability and innovation, ensuring that it remains a vital and appealing destination for visitors. Through its inclusive management practices, BBP aims to create a space where all individuals feel welcome and valued, fostering a sense of community and connection. The park's sustainable features, such as green spaces, rain gardens, and solar panels, contribute to its long-term viability and its role as a model for sustainable urban development.
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Impact
October, 2024
Brooklyn Bridge Park Corporation plays a pivotal role in transforming and enhancing the urban landscape of Brooklyn through the development and management of Brooklyn Bridge Park. Spanning 85 acres along the East River shoreline, the park serves as a vital green space, fostering community connection and engagement with nature.
The park attracts hundreds of thousands of visitors each year, offering a diverse range of arts, cultural, and recreational programs that enrich the local community. By prioritizing inclusive and innovative design, the park creates a welcoming environment for people of all backgrounds, encouraging outdoor activities and interaction with the waterfront.
Moreover, Brooklyn Bridge Park Corporation operates with a commitment to sustainable management, ensuring the park remains financially self-sustaining while preserving its natural beauty and accessibility. This balance of sustainability, community engagement, and innovative programming enhances the quality of life in Brooklyn, making the park a cherished asset for both residents and visitors alike.
This information is meant to be a general summary of Brooklyn Bridge Park 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.
- Investment Income: $44,346
- Program Service Revenue: $28,521,769
- Gross Receipts: $31,802,513
Assets and Liabilities:
- Total Assets: $531,969,185
- Total Liabilities: $145,290,774
- Net Assets: $386,678,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PMTS. IN LIEU OF TAXES
Revenue
$16,485,096
INTERST INCOME - LEASE
Revenue
$8,095,978
PERMITS AND OTHER FEES
Revenue
$1,987,080
GROUND LEASE RENT
Revenue
$1,953,615
Organization Details
Founding Year
2010
Phone
(718) 222-9939Principal Officer
Eric Landau
Main Address
334 FURMAN STREET, BROOKLYN, NY, 11201
Website
www.brooklynbridgepark.orgNTEE Category
Code: N30 - Recreation
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