New York Community Bank Foundation
- Assets
- $9.6m
- Revenue
- $668.1k
- Investments
- $9.6m
- Employees
- 0
- Location
- Roslyn, NY
- Founding
- 09/1997
- Data as of
- 12/2023
- EIN
- 11-3354472
Organization Overview
New York Community Bank Foundation is located in Roslyn, NY. The organization was established in 1997. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Community Bank Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, New York Community Bank Foundation generated $668.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $711.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New York Community Bank Foundation has awarded 330 individual grants totaling $1,053,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Adams Director | 2 | $0 | |
Thomas Calbrese Board Chair | 2 | $0 | |
James Carpenter Director | 2 | $0 | |
Dominick Ciampa Director | 2 | $0 | |
Thomas Cangemi Director | 2 | $0 | |
John Pinto Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $656,199 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,840 |
| Capital Gain Net Income | $11,840 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $668,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,538 |
| Other employee salaries and wages | $95,664 |
| Pension plans, employee benefits | $25,085 |
| Interest | $211,549 |
| Taxes | $13,950 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,397 |
| Total operating and administrative expenses | $551,583 |
| Contributions, gifts, grants paid | $160,250 |
| Total expenses and disbursements | $711,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $60,358 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,935 |
| Total assets | $9,642,923 |
| Accounts payable and accrued expenses | $28,773 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,958,149 |
| Other liabilities | $133,171 |
| Total liabilities | $3,120,093 |
Grants Awarded
Over the last fiscal year, New York Community Bank Foundation has awarded $160,250 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
ASSOCIAZONE CULTURALE ITALIANA DI NY PURPOSE: SUPPORT CULTURAL EVENTS | $5,000 |
COMMUNITY DEVELOPMENT CORP OF LI PURPOSE: SUPPORT FUNDRAISER | $5,000 |
MOLLOY UNIVERSITY PURPOSE: SUPPORT MARKETING INTERNSHIP PROGRAM | $5,000 |
LI ARTS ALLIANCE PURPOSE: FOR SCHOLAR-ARTIST PROGRAM | $5,000 |
LITTLE FLOWER CHILDRENS SERVICES PURPOSE: FOR INNOVATION FUND | $5,000 |
TIEGERMAN SCHOOL PURPOSE: SUPPORT FUNDRAISER HONORING J. O'DONOVAN | $5,000 |