Department of the Treasury Internal Revenue Service
Public Charity Status and Public Support
Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
Attach to Form 990 or Form 990-EZ. See separate instructions. Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
34th Street Partnership Inc
Employer identification number
13-3629973
Part I
Reason for Public Charity Status
(All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2).
f
If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization, check this box
..................................................
g
Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons?
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization?
................
11g(i)
(ii)
A family member of a person described in (i) above?
......................
11g(ii)
(iii)
A 35% controlled entity of a person described in (i) or (ii) above?
................
11g(iii)
h
Provide the following information about the supported organization(s).
(i) Name of supported organization
(ii) EIN
(iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions))
(iv) Is the organization in col. (i) listed in your governing document?
(v) Did you notify the organization in col. (i) of your support?
(vi) Is the organization in col. (i) organized in the U.S.?
(vii) Amount of monetary support
Yes
No
Yes
No
Yes
No
Total
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the
organization failed to qualify under Part III. If the organization fails to
qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....
250,903
199,027
212,918
213,208
212,867
1,088,923
2
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
9,291,500
9,291,368
9,940,000
9,939,530
9,940,000
48,402,398
3
The value of services or facilities furnished by a governmental unit to the organization without charge..
4
Total. Add lines 1 through 3
9,542,403
9,490,395
10,152,918
10,152,738
10,152,867
49,491,321
5
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included
on line 1 that exceeds 2% of the amount shown on line 11, column (f)..
6
Public support. Subtract line 5 from line 4.
49,491,321
Section B. Total Support
Calendar year
(or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
7
Amounts from line 4..
9,542,403
9,490,395
10,152,918
10,152,738
10,152,867
49,491,321
8
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...
38,491
18,427
6,246
3,724
2,894
69,782
9
Net income from unrelated business activities, whether or not the business is regularly carried on..
10
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..
15,185
23,225
15,659
16,935
52,825
123,829
11
Total support (Add lines 7 through 10).
49,684,932
12
Gross receipts from related activities, etc. (see instructions)
..................
12
5,581,632
13
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.................................................
Section C. Computation of Public Support Percentage
14
Public support percentage for 2013 (line 6, column (f) divided by line 11, column (f))
.........
14
99.610 %
15
Public support percentage for 2012 Schedule A, Part II, line 14
...............
15
99.550 %
16a
33 1/3% support test—2013.
If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization
.......................
b
33 1/3% support test—2012.
If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization
.....................
17a
10%-facts-and-circumstances test—2013.
If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization
.....................................................
b
10%-facts-and-circumstances test—2012.
If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part IV how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported organization
................................................
18
Private foundation.
If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions
.....................................................
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization
failed to qualify under Part II. If the organization fails to qualify under
the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
1
Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3
Gross receipts from activities that are not an unrelated trade or business under section 513..
4
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5
The value of services or facilities furnished by a governmental unit to the organization without charge..
6
Total. Add lines 1 through 5.
7a
Amounts included on lines 1, 2, and 3 received from disqualified persons...
b
Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c
Add lines 7a and 7b..
8
Public support (Subtract line 7c from line 6.)
Section B. Total Support
Calendar year (or fiscal year beginning in)
(a) 2009
(b) 2010
(c) 2011
(d) 2012
(e) 2013
(f) Total
9
Amounts from line 6...
10a
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c
Add lines 10a and 10b.
11
Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12
Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)
..
13
Total support. (Add lines 9, 10c, 11, and 12.)..
14
First five years.
If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization,
check this box and stop here.............................................
Section C. Computation of Public Support Percentage
15
Public support percentage for 2013 (line 8, column (f) divided by line 13, column (f))
.........
15
16
Public support percentage from 2012 Schedule A, Part III, line 15
...............
16
Section D. Computation of Investment Income Percentage
17
Investment income percentage for 2013 (line 10c, column (f) divided by line 13, column (f))
......
17
18
Investment income percentage from 2012 Schedule A, Part III, line 17
.............
18
19a
33 1/3% support tests—2013.
If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
........
b
33 1/3% support tests—2012.
If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization
.....
20
Private foundation.
If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions
.....
Schedule A (Form 990 or 990-EZ) 2013
Schedule A (Form 990 or 990-EZ) 2013
Page 4
Part IV
Supplemental Information.
Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
Explanation
Schedule A (Form 990 or 990-EZ) 2013
Additional Data
Software ID:
Software Version:
-
TIN:
SCHEDULE O (Form 990 or 990-EZ)
Department of the Treasury Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public Inspection
Name of the organization
34th Street Partnership Inc
Employer identification number
13-3629973
Return Reference
Explanation
Form 990, Part VI, Section A, line 6
The corporation has five classes of membership: Class A members are owners of record of real property in the district; Class B members are tenants who are occupants pursuant to leases of commercial space in the district; Class C members are tenants who are occupants of dwelling units within the district; Class D membership consists of the Mayor of New York City, the Comptroller of the City of New York, the Borough President of Manhattan and the Speaker of the Council of the City of New York, or each of their designees; Class E members are interested persons not eligible for Class A, B, C or D membership.
Form 990, Part VI, Section A, line 7a
Membership classes A, B, C and E are open to those persons who register at the principal office of the corporation. Membership classes A (owners), B (commercial tenants), C (residents) are eligible to elect the directors of the corporation. Class D members (City officials) are directors of the corporation. Class E members are non-voting. There are no membership fees or dues.
Form 990, Part VI, Section B, line 11
Form 990 is prepared by the corporation's chief financial officer, reviewed by other members of senior management and approved by the president. Prior to filing, a draft copy of the return is e-mailed to each member of the board of directors. Directors are given a period of two weeks to comment on the return. They are instructed to review the form and address any questions or comments to the chief financial officer for consideration of possible chages to the form. Directors are additionally instructed to address any concerns about the form to the president or if appropriate, the chairman of the audit committee.
Form 990, Part VI, Section B, line 12c
Officers, directors and key employees of 34th Street Partnership, Inc., at least annually, receive a copy of the company's conflict of interest policy. They acknowledge, in writing, that they have reviewed the policy, that they agree to abide by it, and that they have disclosed any interests which could create a conflict, as defined in the policy.
Form 990, Part VI, Section B, line 15a
The executive committee of the 34th Street Partnership, Inc. board of directors, along with the executive committees of the affiliated organizations, Bryant Park Corporation and Bryant Park Management Corporation, negotiated the terms of the employment contract of the company's president. The president's current contract commenced on July 1, 2010 and expires on June 30, 2015. Compensation over the four year term of the contract was determined through the joint committees' comparison of the compensation of other large and influential New York City area real estate and not-for-profit organizations and other business improvement district chief executives. An independent firm was retained to compile the comparability data. Compensation for other officers and key employees is determined by the president, and is reviewed and approved by the board of directors along with management's annual budget proposal.
Form 990, Part VI, Section C, line 19
34th Street Partnership, Inc. posts its most recently completed audited financial statements and Form 990 on its website. Corporate governing documents, the conflict of interest policy, financial statements, Form 1023, and Form 990 are all made available to be viewed at the corporation's administrative office, during regular business hours. Additionally, copies of the audited annual financial statements are mailed or e-mailed upon request.
Form 990, Part IX, line 11g
Horticulture design,implementation and maintenance: Program service expenses 743,452. Management and general expenses 0. Fundraising expenses 0. Total expenses 743,452. Construction,operating and service contracts: Program service expenses 131,535. Management and general expenses 0. Fundraising expenses 0. Total expenses 131,535. Real estate, public relations and other: Program service expenses 142,249. Management and general expenses 23,836. Fundraising expenses 0. Total expenses 166,085.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.