Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 238,728 | 242,967 | 249,388 | 19,439 | 174,982 | 925,504 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 11,900,000 | 12,320,000 | 13,000,000 | 13,000,000 | 13,000,000 | 63,220,000 |
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 12,138,728 | 12,562,967 | 13,249,388 | 13,019,439 | 13,174,982 | 64,145,504 |
| 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. | 64,145,504 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 12,138,728 | 12,562,967 | 13,249,388 | 13,019,439 | 13,174,982 | 64,145,504 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 15,481 | 41,903 | 28,889 | 1,613 | 720 | 88,606 |
| 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 VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | 64,234,110 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (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.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2017 | (b) 2018 | (c) 2019 | (d) 2020 | (e) 2021 | (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 on 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 VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2021 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2021 |
(iii) Distributable Amount for 2021 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2021 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2021 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2021: | ||||
| a From 2016....... | ||||
| b From 2017....... | ||||
| c From 2018....... | ||||
| d From 2019....... | ||||
| e From 2020....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2021 distributable amount | ||||
|
i
Carryover from 2016 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2021 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2021 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2021, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2021. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2022. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2017..... | ||||
| b Excess from 2018..... | ||||
| c Excess from 2019..... | ||||
| d Excess from 2020..... | ||||
| e Excess from 2021..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| 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 within the district; Class B members are tenants who are occupants pursuant to leases of commercial space within the district; Class C members are occupants of dwelling units within the district; Class D membership consists of the Mayor of the City of New York, the Comptroller of the City of New York, the Speaker of the Council of the City of New York, and the Manhattan Borough President, 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 (owners), B (commercial tenants), C (residents) are eligible to elect 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 11b | 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 is provided to each director. Directors are instructed to review the form and address any questions or comments to the chief financial officer for consideration of possible changes to the form. Directors are further instructed to address any concerns about the form to the president or, if appropriate, to 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 corporation's conflict of interest policy. They are asked to acknowledge, in writing, that they have reviewed the policy, that they agree to abide by it, and that they have disclosed any interest which could create a conflict, as defined by the policy. |
| Form 990, Part VI, Section B, line 15 | The terms of the employment contract of the corporation's president are negotiated by the executive committee of the board of directors. The executive committee considers the reported salaries fo chief executives of other large and influential, New York City area, real estate and not-for-profit organizations, including other business improvement districts and park conservancies, in establishing compensation. The compensation of other officers and key employees are determined by the president, and is reviewed and approved by the board of directors along with management's annual budget. |
| 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, 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. Additonally, copies of annual audited financial statements are mailed or e-mailed upon request. |
| Form 990, Part IX, line 11g | Horticultural installation and maintenance: Program service expenses 736,300. Management and general expenses 0. Fundraising expenses 0. Total expenses 736,300. Artists and performers: Program service expenses 199,854. Management and general expenses 0. Fundraising expenses 0. Total expenses 199,854. Construction trades: Program service expenses 102,658. Management and general expenses 1,306. Fundraising expenses 0. Total expenses 103,964. Security detail: Program service expenses 90,217. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,217. Trash carting: Program service expenses 68,090. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,090. Public relations: Program service expenses 47,922. Management and general expenses 0. Fundraising expenses 0. Total expenses 47,922. Payroll processing: Program service expenses 0. Management and general expenses 44,712. Fundraising expenses 0. Total expenses 44,712. Architects and engineers: Program service expenses 30,902. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,902. Real estate consulting: Program service expenses 28,890. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,890. Website maintenance: Program service expenses 11,890. Management and general expenses 4,445. Fundraising expenses 0. Total expenses 16,335. Risk management consulting: Program service expenses 0. Management and general expenses 11,000. Fundraising expenses 0. Total expenses 11,000. Bond trustee fees: Program service expenses 3,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,800. Others: Program service expenses 4,885. Management and general expenses 2,116. Fundraising expenses 0. Total expenses 7,001. |
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