Economic Club Of New York
- Assets
- $9.9m
- Revenue
- $3.5m
- Investments
- $21.7k
- Employees
- 11
- Location
- New York, NY
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 13-1655225
Organization Overview
Economic Club Of New York is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, Economic Club Of New York employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Club Of New York 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, Economic Club Of New York generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ECONOMIC CLUB OF NEW YORK IS A NONPROFIT, NONPARTISAN, NONPOLITICAL ORGANIZATION DEDICATED TO THE PROMOTION OF THE STUDY AND DISCUSSION OF SOCIAL, ECONOMIC AND POLITICAL QUESTIONS. FOR MORE THAN A CENTURY, THE CLUB HAS SERVED AS THE PREMIER PUBLIC FORUM FOR THOUGHT LEADERS OF THE UNITED STATES AND THE WORLD, TO EXPRESS A DIVERSE SET OF VIEWS AND OPINIONS IN A FREE AND OPEN ENVIRONMENT. BY EMBRACING AND PROMOTING FREE EXPRESSION OF DIVERSE VIEWS AND OPINIONS, THE CLUB EFFECTIVELY ACTS AS A CATALYST FOR INNOVATION IN THOUGHT AND IDEAS IMPACTING SOCIAL, ECONOMIC AND POLITICAL ISSUES FACING SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB IS RECOGNIZED AS THE PREMIER PUBLIC FORUM IN THE UNITED STATES FOR THE PROMOTION OF THE STUDY AND DISCUSSION OF ECONOMIC, POLITICAL AND SOCIAL QUESTIONS. IN 2021, THE CLUB HOSTED A TOTAL OF 63 TICKETED EVENTS FEATURING PROMINENT NATIONAL AND INTERNATIONAL LEADERS ATTENDED BY MEMBERS AND THEIR GUESTS AND NUMEROUS MEMBERS OF THE MEDIA. THE CLUB HELPS EDUCATE AND CULTIVATE THE NEXT GENERATION THROUGH MULTIPLE PROGRAMS. THESE INCLUDE ITS ECNY FELLOWS PROGRAM WHICH IS SPECIFICALLY DESIGNED FOR HIGH PERFORMING, MID-CAREER BUSINESS LEADERS, THE CREATION OF A SPECIAL TERM LIMIT MEMBERSHIP CLASS FOR THOSE 45 AND UNDER, AND SPONSORING UNIVERSITY STUDENTS TO ATTEND ITS EVENTS SO THEY CAN ALSO LEARN FROM THE SPEAKERS AND THE DISCUSSION. FOR FISCAL YEAR 2021, THERE WERE 50 ECNY FELLOWS. 2,095 STUDENTS ATTENDED EVENTS; ALL OF WHOM WERE SPONSORED BY THE CLUB.THE BILL GATES/HANK PAULSON WEBINAR WAS THE LARGEST OF 63 TICKETED EVENTS.THE JEROME POWELL WEBINAR WAS THE SECOND LARGEST OF 63 TICKETED EVENTS.THE GINA RAIMONDO LUNCH WAS THE THIRD LARGEST OF 63 TICKETED EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara M Van Allen President & CEO | Officer | 50 | $711,157 |
Celine Clarke Sr. Director Of Operations | 25 | $185,791 | |
Lauren Baer Director Of Events | 40 | $141,634 | |
Elizabeth Simone Controller | 40 | $125,876 | |
Zachary Slates Director Of Finance | 30 | $122,198 | |
Gina Feazelle Director Of Membership & Marketing | 40 | $120,476 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,287,444 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,095,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,383,044 |
| Total Program Service Revenue | $952,400 |
| Investment income | $137,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,243 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,506,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $766,795 |
| Compensation of current officers, directors, key employees. | $153,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $933,171 |
| Pension plan accruals and contributions | $80,778 |
| Other employee benefits | $227,167 |
| Payroll taxes | $100,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,048 |
| Fees for services: Accounting | $20,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,687 |
| Advertising and promotion | $0 |
| Office expenses | $28,795 |
| Information technology | $53,047 |
| Royalties | $0 |
| Occupancy | $99,048 |
| Travel | $163 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,131 |
| Insurance | $23,074 |
| All other expenses | $0 |
| Total functional expenses | $2,672,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $212,183 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,892 |
| Investments—publicly traded securities | $9,473,890 |
| Investments—other securities | $21,660 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,128 |
| Total assets | $9,916,092 |
| Accounts payable and accrued expenses | $97,868 |
| Grants payable | $0 |
| Deferred revenue | $104,123 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,991 |
| Net assets without donor restrictions | $9,714,101 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,916,092 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Economic Club Of New York has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Georgescu Family Foundation Westport, CT PURPOSE: GENERAL USE | $12,000 |
Endowment Analysis
| Beg. Balance | $7,599,514 |
| Earnings | $1,190,459 |
| Net Contributions | $585,000 |
| Other Expense | $126,794 |
| Ending Balance | $9,248,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Institute For Economic Research Inc Great Barrington, MA | $214,395,947 | $3,768,400 |
The Institute For New Economic Thinking Inc New York, NY | $26,645,757 | $24,831,883 |
Council For Economic Education New York, NY | $5,635,385 | $6,851,531 |
Secured Finance Network Inc New York, NY | $3,073,536 | $3,338,734 |
Sifma Foundation For Investor Education Fie Inc New York, NY | $10,781,139 | $4,561,649 |
Economic Club Of New York New York, NY | $9,916,092 | $3,506,192 |
Center For Economic Growth Albany, NY | $2,002,118 | $2,266,001 |
Applied Economics Clinic Arlington, MA | $422,527 | $1,026,764 |
Schumacher Center For A New Economics Great Barrington, MA | $912,234 | $672,691 |
Institute For Economics And Peace New York, NY | $187,362 | $427,518 |
Mainsail Network Inc New York, NY | $57,987 | $204,862 |
Cloud Institute For Sustainability Education Ancram, NY | $83,303 | $249,374 |