Governors Island Corporation
Also known as The Trust for Governors Island
Governors Island Corporation reported $65.3 million in revenue and $56.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.77 went to program services, $14.11 to management and general costs and $0.12 to fundraising. Its largest source of revenue was contributions and grants: 84.6% of the total. Government grants made up 77.8%. The highest compensation it reported for one person was $344,668 (PRESIDENT/CEO). 25 people received more than $100,000 in reportable compensation. Revenue rose 124% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $56MFor context, the median across 245 covered animal-related charities: $83.96 programs, $9.42 management, $6.62 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $65MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.8% | 82.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 6.5% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.6% | 67.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 77.8% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 14.7% | 19.3% |
| Highest reported compensation Part VII-A, columns D–F | $344,668 | $314,886 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.61% | 1.63% |
| People paid over $100,000 Part VII, line 2 | 25 | 10 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 72.8 | 26.8 |
| Independent voting board members Part VI 1a–1b | 16 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe trust is responsible for the operation, planning and redevelopment of 150 acres of Governors Island. The trust provides ferry, security and maintenance services for the island, its visitors and tenants, as well as the urban assembly harbor school located on the island. Since 2024, Governors Island has been open to the public year round, and every season visitors may experience an array of arts, cultural and recreational programs, as well as food and beverages on offer from island vendors. Through an initial capital improvement program, the trust built 30 acres of new park space, which…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 35.00 hrs/week | $248,023 | $0 | $96,645 | $344,668 |
| CHIEF DEVELOPMENT OFFICER (OUTGOING) Officer, 35.00 hrs/week | $226,024 | $0 | $73,235 | $299,259 |
| GENERAL COUNSEL Officer, 35.00 hrs/week | $204,777 | $0 | $75,245 | $280,022 |
| VP, PUBLIC AFFAIRS Highest compensated employee, 35.00 hrs/week | $187,099 | $0 | $46,166 | $233,265 |
| CFO Officer, 35.00 hrs/week | $201,656 | $0 | $31,553 | $233,209 |
| CHIEF REAL ESTATE OFFICER Officer, 35.00 hrs/week | $161,730 | $0 | $49,721 | $211,451 |
| SENIOR DIRECTOR, FACILITIES Highest compensated employee, 35.00 hrs/week | $147,114 | $0 | $61,070 | $208,184 |
| CHIEF ENGINEER Highest compensated employee, 35.00 hrs/week | $196,186 | $0 | $0 | $196,186 |
25 people received more than $100,000 in reportable compensation from Governors Island Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.3M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 16 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 595
- Volunteers Part I, line 616
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| LIRO GROUP Construction management | $17,884,212 |
| ALLIED UNIVERSAL SECURITY SERVICES Security services | $2,007,240 |
| REICON GROUP LLC Pile cluster rehabilitation | $1,242,120 |
| INTELLIGENT CROWD SOLUTIONS (ICROWD) LLC Emergency medical services | $832,889 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Governors Island Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Governors Island Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Governors Island Corporation spent in FY2025, $85.77 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Detroit Zoological SocietyRoyal Oak, MI · revenue $64M · programs 84.8% · 2024
- Denver Zoological FoundationDenver, CO · revenue $66M · programs 80.0% · 2025
- Arizona Center for Nature ConservationPhoenix, AZ · revenue $64M · programs 82.7% · FY2025
- San Diego Humane Society and SPCASan Diego, CA · revenue $68M · programs 85.6% · FY2025
- The Fort Worth Zoological AssociationFort Worth, TX · revenue $62M · programs 78.5% · FY2025
All animal-related charities · Largest charities in New York
Questions people ask
How much of Governors Island Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Governors Island Corporation reported that 85.8% of its $56.3 million in expenses went to program services, 14.1% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does Governors Island Corporation pay its top executive?
The largest total compensation Governors Island Corporation reported for one person in the fiscal year ending June 30, 2025 was $344,668, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Governors Island Corporation get its money?
Of $65.3 million in revenue in the fiscal year ending June 30, 2025, 84.6% came from contributions and grants (including 77.8% from government grants) and 14.7% from program service revenue (Form 990, Part VIII).
Is Governors Island Corporation a registered charity?
The IRS lists EIN 27-2683349 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611189349301241 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540989349301409 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400729349301130 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321329349302172 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202200839349301000 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120579349300512 · read the filing
All filings for EIN 27-2683349: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.