Brooklyn Bridge Park
Legal name: Brooklyn Bridge Park Corporation
Nonprofit profile at a glance
- EIN
- 272846763
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Brooklyn, NY, USA
- Phone
- 9297904746
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Physical Fitness and Community Recreational Facilities
Reported finances
- Revenue
- $36,056,842
- Expenses
- $42,869,069
- Assets
- $490,272,335
- Liabilities
- $120,756,879
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- ERIC LANDAU (PRESIDENT)
Highest reported compensation
- ERIC LANDAU (PRESIDENT): $366,437 total reported compensation
- JEFFREY SANDGRUND (COO): $308,700 total reported compensation
- JELANI WATKINS (TREASURER/CFO (OUTGOING)): $303,832 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Brooklyn Bridge Park Corporation operates and maintains Brooklyn Bridge Park, a world-class, 85-acre sustainable waterfront park that is free and open to the public 365 days a year, serving the community and visitors through diverse recreational, cultural, and educational programs.
What it reported doing in 2024
Brooklyn bridge park (bbp), is the not-for-profit entity responsible for the planning, construction, maintenance and operation of brooklyn bridge park, an 85 acre sustainable waterfront park stretching 1.3 miles along brooklyn's east river shoreline. Throughout the year hundreds of thousands of visitors come to the park to experience a diverse array of arts, cultural, and recreational programs.
Operating model
- Revenue model
- Earned-program. 98% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 42
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.5%; rating input score 89
- Program expense ratio: 76.5%; rating input score 76
- Fundraising efficiency: Limited
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -18.9%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 11.44; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 8.3% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: -4.8% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings
Details
- What they do: 8 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 89.5% of revenue deployed · 76.5% of spending went to programs
- Governance: 19 of 19 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $32.8M in reported program spending
- Leadership: top reported pay $366K · 29 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $352K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 8 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 5/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Officer compensation ratio scored 51/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.