New York Community Bank Foundation
- Assets
- $12.9m
- Revenue
- $714.3k
- Investments
- $12.8m
- Employees
- 0
- Location
- Roslyn, NY
- Founding
- 09/1997
- Data as of
- 12/2021
- 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 12/2021, New York Community Bank Foundation generated $714.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $724.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, New York Community Bank Foundation has awarded 184 individual grants totaling $632,150. 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 |
|---|---|---|---|
Marian Conway Executive Director | 37.5 | $131,600 | |
James Carpenter Director | 2 | $0 | |
James O'donovan Director | 2 | $0 | |
Dominick Ciampa Director | 2 | $0 | |
Thomas Cangemi Director | 2 | $0 | |
Michael Levine Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10 |
| Dividends & Interest | $714,290 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $714,300 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $131,600 |
| Other employee salaries and wages | $91,020 |
| Pension plans, employee benefits | $23,458 |
| Interest | $65,732 |
| Taxes | $33,253 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,682 |
| Total operating and administrative expenses | $407,945 |
| Contributions, gifts, grants paid | $316,300 |
| Total expenses and disbursements | $724,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $75,550 |
| 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 | $6,203 |
| Total assets | $12,907,454 |
| Accounts payable and accrued expenses | $26,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,705,299 |
| Other liabilities | $223,002 |
| Total liabilities | $3,955,114 |
Grants Awarded
Over the last fiscal year, New York Community Bank Foundation has awarded $316,300 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
CN GUIDANCE & COUNSELING PURPOSE: 2021 GENERAL OPERATING SUPPORT | $5,000 |
FAMILY SERVICE LEAGUE PURPOSE: SUPPORT SUMMER CAMP & SPONSOR FUNDRAISING EVENTS | $5,000 |
AMERICAN RED CROSS-LI PURPOSE: SUPPORT VIRTUAL FUNDRAISING | $5,000 |
GIRLS INC LI PURPOSE: SUPPORT ECONOMIC LITERACY PROGRAM & GIRLS EXPERIENCE | $5,000 |
FLUSHING WILLETS POINT CORONA CDC PURPOSE: SUPPORT FUNDRAISER | $5,000 |
FARMS FOR CITY KIDS PURPOSE: SUPPORT STUDENTS FROM QUEENS' ATTENDENCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Longwood Gardens Inc Kennett Square, PA | $1,437,882,296 | $93,650,257 |
Peoples United Community Foundation Bridgeport, CT | $0 | $2,660,856 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |