GOVERNORS ISLAND CORPORATION Charity Report

Public IRS 990 nonprofit record

GOVERNORS ISLAND CORPORATION

EIN 27-2683349 · Wildlife Preservation & Protection (D30)

What they do

THE GOVERNORS ISLAND CORPORATION, DOING BUSINESS AS THE TRUST for GOVERNORS ISLAND, is THE 501(C)(3) NOT-FOR-PROFIT ORGANIZATION CREATED BY THE CITY of NEW YORK and CHARGED WITH THE PLANNING, REDEVELOPMENT and ONGOING OPERATIONS of 150 ACRES of GOVERNORS ISLAND. THE TRUSTS MISSION is to REALIZE THE FULL POTENTIAL of GOVERNORS ISLAND for THE INSPIRATION and ENJOYMENT of ALL NEW YORKERS, DEMONSTRATING A BOLD VISION for PUBLIC SPACE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

73.94%of revenue went to mission work85.8% of expenses · Program services

0.10%of revenue went to fundraising0.1% of expenses

$86.21spent for every $100 of revenueRevenue covered expenses this year.

12.17%of revenue went to management and office costs14.1% of expenses

$7.13in assets for every $1 spent this yearSome assets cannot be spent right away.

84.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $344,668 for CLARE NEWMAN (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$65,325,995

Mission workProgram services$48,299,44873.94% of revenue85.8% of expenses

ManagementOffice and general costs$7,947,83412.17% of revenue14.1% of expenses

FundraisingAsking for donations$67,5230.10% of revenue0.1% of expenses

Revenue left after expensesReported annual surplus$9,011,19013.79% of revenueShown in gray on the chart

Total expenses$56,314,80586.21% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.8% mission · 14.1% management · 0.1% fundraisingTotal expenses: 86.21% of revenue

2023Expense mix: 85.6% mission · 14.3% management · 0.1% fundraisingTotal expenses: 86.99% of revenue

2022Expense mix: 85.0% mission · 14.9% management · 0.1% fundraisingTotal expenses: 83.02% of revenue

2021Expense mix: 86.6% mission · 13.3% management · 0.1% fundraisingTotal expenses: 104.05% of revenue

2020Expense mix: 86.6% mission · 13.3% management · 0.1% fundraisingTotal expenses: 144.53% of revenue

2019Expense mix: 86.1% mission · 13.8% management · 0.1% fundraisingTotal expenses: 142.12% of revenue

2018Expense mix: 87.6% mission · 12.3% management · 0.1% fundraisingTotal expenses: 113.49% of revenue

2016Expense mix: 92.4% mission · 7.6% management · 0.1% fundraisingTotal expenses: 78.44% of revenue

Money in and money out

Revenue$65,325,995

Expenses$56,314,805

Annual surplus $9,011,190 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$48,299,448 · 85.8% of expenses

Management and office costs$7,947,834 · 14.1% of expenses

Fundraising$67,523 · 0.1% of expenses

See all reported dollar amounts

Revenue$65,325,995

Expenses$56,314,805

Assets$401,467,685

Income$65,341,356

Contributions$55,283,313

Mission work (program services)$48,299,448

Fundraising$67,523

Management and general$7,947,834

Executive compensation (total)$29,857,636

Stocks and bonds$8,903,739

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CLARE NEWMANPRESIDENT/CEO · 35 hrs/week $344,668Base $248,023 · Other $96,645

CHRISTOPHER TEPPERCHIEF DEVELOPMENT OFFICER (OUTGOING) · 35 hrs/week $299,259Base $226,024 · Other $73,235

DANIEL HANTMANGENERAL COUNSEL · 35 hrs/week $280,022Base $204,777 · Other $75,245

SARAH KRAUTHEIMVP, PUBLIC AFFAIRS · 35 hrs/week $233,265Base $187,099 · Other $46,166

WILLA PADGETTCFO · 35 hrs/week $233,209Base $201,656 · Other $31,553

ALEXANDER BRADYCHIEF REAL ESTATE OFFICER · 35 hrs/week $211,451Base $161,730 · Other $49,721

ANDRE BELLSENIOR DIRECTOR, FACILITIES · 35 hrs/week $208,184Base $147,114 · Other $61,070

ROGER KENNEDYCHIEF ENGINEER · 35 hrs/week $196,186

WILLIAM JOHNSONSENIOR DIRECTOR · 35 hrs/week $185,420Base $162,796 · Other $22,624

JENNIFER RENTASCOO · 35 hrs/week $161,299Base $144,502 · Other $16,797

ANDRE SHKOZAASST. CHIEF ENGINEER · 35 hrs/week $157,246

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

CLARE NEWMANPRESIDENT/CEO

CHRISTOPHER TEPPERCHIEF DEVELOPMENT OFFICER (OUTGOING)

DANIEL HANTMANGENERAL COUNSEL

SARAH KRAUTHEIMVP, PUBLIC AFFAIRS

WILLA PADGETTCFO

ALEXANDER BRADYCHIEF REAL ESTATE OFFICER

ANDRE BELLSENIOR DIRECTOR, FACILITIES

ROGER KENNEDYCHIEF ENGINEER

WILLIAM JOHNSONSENIOR DIRECTOR

JENNIFER RENTASCOO

ANDRE SHKOZAASST. CHIEF ENGINEER

SUSAN MERCANDETTIBOARD MEMBER

TIM CAWLEYBOARD MEMBER

TOKUMBO SHOBOWALEBOARD MEMBER

WENDY BRAWERBOARD MEMBER

RICHARD CORMANBOARD MEMBER

GAURAV KAPADIABOARD MEMBER

MICHAEL OPPENHEIMERBOARD MEMBER

MARC NORMANBOARD MEMBER

KAREN HOPKINSBOARD MEMBER (OUTGOING)

JAMES KELLY MCGOWANBOARD MEMBER (OUTGOING)

EB KELLYBOARD MEMBER

DANIEL SQUADRONBOARD MEMBER (OUTGOING)

DANIEL NEIDICHBOARD MEMBER

CHRISTIAN BRANEONBOARD MEMBER

CAROLEE FINKBOARD MEMBER

CARL WEISBRODBOARD MEMBER

BENJAMIN LAWSKYBOARD MEMBER

ALICIA GLENCHAIR

ALICE BLANKBOARD MEMBER

About this charity

Recognized since: January 2010
Location: 10 SOUTH STREET SLIP 7, NEW YORK, NY 10004-1921
County: New York
In care of: % PAUL KELLY
Primary officer: CLARE NEWMAN, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(212) 440-2200

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Wildlife Preservation & Protection (D30)
IRS tax category: Wildlife Preservation & Protection