Governors Island Corporation
Governors Island Corporation
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About this organization
Mission
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 trust's mission is to transform Governors Island into a vibrant year round resource for New York City, making the island a destination with extraordinary public open space, diverse cultural and recreational activities, as well as permanent educational, not-for-profit and commercial facilities.
About
The trust is responsible for the operation, planning and redevelopment of 150 acres of Governors Island. The trust provides ferry, maintenance and security services for the island throughout the year. During the expanded six-month public access season hundreds of thousands of visitors come to the island to experience an array of arts, cultural and recreational programs. Through a $300 million capital program, the trust built 30 acres of new park spaces and brought the island's infrastructure into the 21st century. Capital investments have so far supplied potable water, stabilized historic buildings and rehabilitated the seawall; ongoing projects include updating the electrical and telecom systems and upgrading the ferry docks. In addition, phase 2 of the park, the hills, opened in July 2016.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “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 trust's mission is to transform governors island into a vibrant year round resource for new york city, making the island a destination with extraordinary public open space, diverse cultural and recreational activities, as well as permanent educational, not-for-profit and commercial facilities.”.
When explaining its purpose, the activities were outlined as: “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 transform governors island into a vibrant year-round resource for new york city, making the island a destination with extraordinary public open space, diverse cultural and recreational activities, as well as educational, not-for-profit and commercial facilities.”.
- As per legal reporting requirements, the state of operation for the non-profit is NY.
- The non-profit's address for 2020 is listed as 10 SOUTH STREET SLIP 7, NEW YORK, NY, 10004 in the filing.
- As per the non-profit's form, they have 45 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$4,992,522.
- The organization has 13 independent voting members.
- The organization was formed in 2010.
- The organization pays $4,427,140 in salary, compensation, and benefits to its employees.
- The organization pays $44,010 in fundraising expenses.