Asphalt Green Inc
Nonprofit profile at a glance
- EIN
- 136533158
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 6469812237
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Recreational Centers
Reported finances
- Revenue
- $37,316,170
- Expenses
- $42,462,780
- Assets
- $40,722,497
- Liabilities
- $15,811,523
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
40 people listed
Executive titles in this filing
- JORDAN BRACKETT (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- JORDAN BRACKETT (CHIEF EXECUTIVE OFFICER): $370,846 total reported compensation
- PEDRO F RAICOVICH (CHIEF ADMINISTRATIVE OFFICER): $280,993 total reported compensation
- RENEE A DAVIS (CHIEF DEVELOPMENT OFFICER): $272,564 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Asphalt green, inc. ("asphalt green") is a New York city not-for-profit organization dedicated to transforming lives and building community through sports, fitness, and play for all. Asphalt green has two campuses in New York city (the "city"): one on the upper east side ("ag") and the other in battery park city("agbpc"). The ag campus includes the george and annette murphy center; the aqua center (which houses the city's first indoor, olympic-sized pool open to the community at large); a superturf playing field; dekovats park; and sundial plaza. Programs for young people are designed to challenge the intellectual, creative and physical abilities of the participants. The city retains ownership of the ag campus, and asphalt green is responsible for equipping, operating and maintaining the facilities and providing community programs.
What it reported doing in 2024
Free community programs & usage - includes usage of pool, field, gym, theater, sports, aquatics and other programs. Benefited approximately 21,000 people during the year.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 22
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.4%; rating input score 97
- Program expense ratio: 83.6%; rating input score 84
- Fundraising efficiency: $2.84 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -13.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 97.4% of revenue deployed · 83.6% of spending went to programs
- Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $35.5M in reported program spending
- Leadership: top reported pay $371K · 40 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.7M reported
- Consistency: 31 of 31 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 10/100.
- High — Sustainability: Operating margin scored 7/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.