Governors Island Corporation
86% goes to programs $0 to raise $100 Strong reserves Growing revenue
Governors Island Corporation is a 501(c)(3) organization based in New York, New York, registered in 2010, with $66,092,062 in FY2023 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
10 South Street Slip 7, New York, NY, 10004 EIN 27-2683349 Since 2010
Revenue (FY2023)
$66.1M
▲ 1.4% vs prior year
Animals median: $151K
Expenses (FY2023)
$57.5M
Net assets
$332.7M
Employees
108
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Governors Island Corporation: 86% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating69 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Governors Island Corporation: 69 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Governors Island Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Governors Island Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The trust for governors island (the "trust or "tgi") is a nonprofit corporation created by the city of new york charged with the planning, redevelopment and ongoing operations of 150 acres of governors island. the trust's 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.
Contact & location
- Address
- 10 South Street Slip 7, New York, NY, 10004
- City
- New York
- State
- New York
- Category
- Animal-Related
- Subcategory
- Wildlife Preservation
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $116.5M (FY2013) to $66.1M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $53.3MNet assets $332.7M
Operating margin
13.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$385.9M
Total liabilities
$53.3M
Net assets
$332.7M
Salaries & benefits
$9.6M
17% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $66,092,062▲1.4% | $57,496,596▲6.2% | $332,672,184▲2.7% | $385,935,347▲1.7% | 990 |
| 2022 | $65,206,529▲45.9% | $54,135,369▲16.4% | $323,921,862▲3.5% | $379,526,191▲5.7% | 990 |
| 2021 | $44,688,095▲47.5% | $46,497,602▲6.2% | $312,901,230▼0.1% | $359,077,969▲11.2% | 990 |
| 2020 | $30,303,739▲3.9% | $43,797,262▲5.6% | $313,347,185▼4.1% | $322,866,104▼3.1% | 990 |
| 2019 | $29,173,700▼21.2% | $41,461,042▼1.3% | $326,836,346▼3.6% | $333,239,359▼4.5% | 990 |
| 2018 | $37,007,847▼17.5% | $42,000,369▲19.4% | $339,121,897▼1.3% | $348,900,124▼2.6% | 990 |
| 2016 | $44,846,229▼17.4% | $35,177,690▲15.9% | $343,648,823▲2.9% | $358,272,149▲0.1% | 990 |
| 2015 | $54,287,036▼34.5% | $30,347,240▲15.3% | $333,980,284▲7.7% | $357,982,322▲5.3% | 990 |
| 2014 | $82,898,921▼28.8% | $26,309,801▲63.9% | $310,040,488▲22.3% | $339,898,124▲14.6% | 990 |
| 2013 | $116,469,105 | $16,057,248▲16.4% | $253,451,368▲65.6% | $296,675,095▲57.6% | 990 |
| 2012 | — | $13,796,600▲2.2% | $153,039,511▲185% | $188,187,594▲163% | 990 |
| 2011 | — | $13,495,556 | $53,650,335 | $71,616,437 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Clare Newman — $249,360 (0.43% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Clare Newman | President/ceo | 35 | $249,360 |
| Christopher Tepper | Chief Development Officer | 35 | $227,048 |
| Willa Padgett | Cfo | 35 | $201,135 |
| Daniel Hantman | General Cousel | 35 | $198,402 |
| Roger Kennedy | Chief Engineer | 35 | $186,673 |
| Sarah Krautheim | Vp, Public Affairs | 35 | $169,819 |
| Jenny Staley | Vp Operations (outgoing) | 35 | $166,430 |
| William Johnson | Senior Director | 35 | $162,433 |
| Alexander Brady | Director, Real Estate | 35 | $160,430 |
| Alice Blank | Board Member | 1 | — |
| Alicia Glen | Chair | 1 | — |
| Benjamin Lawsky | Board Member | 1 | — |
| Carl Weisbrod | Board Member | 1 | — |
| Carolee Fink | Board Member | 1 | — |
| Christian Braneon | Board Member | 1 | — |
| Daniel Neidich | Board Member | 1 | — |
| Daniel Squadron | Board Member | 1 | — |
| Gaurav Kapadia | Board Member | 1 | — |
| James Kelly Mcgowan | Board Member | 1 | — |
| Jennifer Rentas | Coo (started 2024) | 35 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Conrad Shipyard LLC | Building the New Vehicle Ferry | $19,817,133 |
| Liro Group | Construction Management | $17,036,198 |
| Allied Universal Security Services | Security Services | $2,007,240 |
| Elliott Bay Design Group | Ferry Construction | $860,719 |
| Risa Heller Communications | Public Affairs Consultants | $155,500 |
Grants received · $9.9M total
12 grants to Governors Island Corporation totaling $9.9M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Amalgamated Charitable Foundation Inc | General operating support | 2024 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $401,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $400,000 |
| Amalgamated Charitable Foundation Inc | General operating support | 2022 | $10,000 |
| Nature Conservancy | Conservation activities | 2022 | $6,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $400,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $400,100 |
| Amalgamated Charitable Foundation Inc | General operating support | 2021 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $401,350 |
| Donor Advised Charitable Giving | Social services/social benefits | 2014 | $7,500,000 |
| Jewish Communal Fund | Unrestricted general support | 2014 | $333,000 |
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Frequently asked questions
- Is Governors Island Corporation a legitimate nonprofit?
- Yes. Governors Island Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-2683349, based in New York, New York. Donations are tax-deductible.
- What is Governors Island Corporation's EIN?
- Governors Island Corporation's Employer Identification Number (EIN) is 27-2683349.
- How much revenue does Governors Island Corporation report?
- Governors Island Corporation reported $66,092,062 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Governors Island Corporation's spending goes to programs?
- Governors Island Corporation spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Governors Island Corporation have?
- CharityIndex grades Governors Island Corporation A, based on program efficiency and fundraising cost.
- How much does Governors Island Corporation's highest-paid employee make?
- The highest reported compensation on Governors Island Corporation's latest Form 990 is $249,360, paid to Clare Newman (President/ceo).
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Data for Governors Island Corporation (EIN 27-2683349) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.