Fund For The City Of New York Inc
- Assets
- $150.7m
- Revenue
- $97.5m
- Investments
- $0.0
- Employees
- 1,150
- Location
- New York, NY
- Founding
- 02/1982
- Data as of
- 09/2019
- EIN
- 13-2612524
Organization Overview
Fund For The City Of New York Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2019, Fund For The City Of New York Inc employed 1,150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Fund For The City Of New York Inc generated $97.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $91.9m during the year ending 09/2019. While expenses have increased by 6.6% per year over the past 5 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.
Since 2015, Fund For The City Of New York Inc has awarded 169 individual grants totaling $14,172,523. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE FUND FOR THE CITY OF NEW YORK WAS CREATED IN 1968 BY THE FORD FOUNDATION TO BE RESPONSIVE TO OPPORTUNITIES TO IMPROVE THE QUALITY OF LIFE FOR ALL NEW YORKERS BY WORKING TO IMPROVE THE PERFORMANCE OF GOVERNMENT AND NONPROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER FOR COURT INNOVATION PROGRAM HELPS THE JUSTICE SYSTEM AND VICTIMS, REDUCE CRIME, STRENGTHEN NEIGHBORHOODS AND IMPROVE PUBLIC TRUST IN JUSTICE. THE CENTER COMBINES ACTION AND REFLECTION TO SPARK INNOVATION LOCALLY, NATIONALLY AND INTERNATIONALLY.
PARTNER PROGRAM PROVIDES FISCAL, ADMINISTRATIVE AND HUMAN RESOURCES ASSISTANCE TO MORE THAN 70 NONPROFIT PROJECTS THAT FOCUS ON BROAD RANGE OF PROGRAMS OF SOCIAL SERVICES, WOMEN, HEALTH, FAMILY AND EDUCATION.
CORE PROGRAM CREATED TO RESPOND TO NONPROFIT CHALLENGES AND OPPORTUNITIES FACTING NONPROFIT AND PUBLIC AGENCIES THAT DO NOT HAVE IMMEDIATE SOLUTIONS; CASH FLOW LOAN WHICH ANNUALLY PROVIDES LOANS TO NONPROFIT ORGANIZATIONS; SLOAN PUBLIC SERVICE AWARDS PROGRAM WHICH ANNUALLY HONORS SIX UNSUNG HEROS OF NEW YORK CITY GOVERNMENT AND SLOAN AWARDS PROGRAM FOR EXCELLENCE IN TEACHING SERVICE AND MATHEMATICS WHICH HONORS SEVEN TEACHERS EACH YEAR FROM NYC HIGH SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mccormick President/chief Financial Officer | OfficerTrustee | 30 | $323,870 |
Gregory A Berman Executive Director - Cci | Officer | 35 | $302,264 |
Fred Dejohn Chief Financial Officer | Officer | 35 | $266,233 |
Earle Walker Executive Director - Regio | Officer | 35 | $261,697 |
Talia Milgrom-Elcott Executive Director - 100ki | Officer | 35 | $257,043 |
Liberty Aldrich Managing Director/gen. Cou | 35 | $208,529 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northwestern University Curriculum Development, Research | 9/29/19 | $434,188 |
Learning Tapestry Inc Curriculum Development, Research | 9/29/19 | $333,738 |
Reboot Develop Peer Mentorship Program | 9/29/19 | $273,115 |
Bsbc Science Learning Program Management, Curriculum Developme | 9/29/19 | $1,487,252 |
Older Adults Technology Services Senior Education, Wellness And Education | 9/29/19 | $356,464 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,062,838 |
| Investment income | $679,159 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $97,537,375 |
| Statement of Expenses | |
|---|---|
| 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. | $2,509,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,909,649 |
| Pension plan accruals and contributions | $3,021,680 |
| Other employee benefits | $7,024,671 |
| Payroll taxes | $3,525,797 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $73,484 |
| Fees for services: Accounting | $284,347 |
| Fees for services: Lobbying | $85,070 |
| Fees for services: Fundraising | $117,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,154,752 |
| Advertising and promotion | $108,071 |
| Office expenses | $2,498,327 |
| Information technology | $1,002,643 |
| Royalties | $0 |
| Occupancy | $5,485,034 |
| Travel | $2,116,473 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $336,688 |
| Interest | $1,594,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,367 |
| Insurance | $310,344 |
| All other expenses | $0 |
| Total functional expenses | $91,896,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,787,883 |
| Savings and temporary cash investments | $49,883,977 |
| Pledges and grants receivable | $48,217,017 |
| Accounts receivable, net | $1,038,418 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,744,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $192,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,875,123 |
| Total assets | $150,667,930 |
| Accounts payable and accrued expenses | $9,012,781 |
| Grants payable | $841,000 |
| Deferred revenue | $0 |
| 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 | $63,611,165 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,464,946 |
| Net assets without donor restrictions | $34,232,259 |
| Net assets with donor restrictions | $32,200,232 |
| Capital stock or trust principal, or current funds | $10,770,493 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $77,202,984 |
Grants Awarded
Over the last fiscal year, Fund For The City Of New York Inc has awarded $2,717,360 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROMISE PROJECT | $1,124,500 |
New York, NY PURPOSE: JAMAICA BAY ROCKAWAY PARKS CONSERVANCY | $361,000 |
Brooklyn, NY PURPOSE: RIGHT TO COUNSEL NYC GRANT | $217,750 |
New York, NY PURPOSE: RIGHT TO COUNSEL NYC GRANT | $183,000 |
Brooklyn, NY PURPOSE: RIGHT TO COUNSEL NYC GRANT | $180,250 |
Bronx, NY PURPOSE: RIGHT TO COUNSEL NYC GRANT | $148,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Fund For The City Of New York Inc has recieved totaling $902,972.
| Awarding Organization | Amount |
|---|---|
Viking Global Foundation Inc Greenwich, CT PURPOSE: GENERAL SUPPORT | $150,000 |
National Court Appointed Special Advocate Association Seattle, WA PURPOSE: PASS THROUGH | $96,210 |
New York State Health Foundation New York, NY PURPOSE: HEALTHY NEIGHBORHOODS FUND | $93,750 |
New York State Health Foundation New York, NY PURPOSE: NEAR WESTSIDE PEACEMAKING PROJECT | $80,000 |
Jewish Communal Fund New York, NY PURPOSE: General support | $70,251 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $66,821 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The New York Community Trust New York, NY | $3,147,967,984 | $358,337,719 |
Boston Foundation Inc Boston, MA | $1,201,631,617 | $182,767,888 |
Fund For The City Of New York Inc New York, NY | $150,667,930 | $97,537,375 |
Pittsburgh Foundation Pittsburgh, PA | $1,226,779,411 | $88,473,154 |
Community Foundation Of New Jersey Morristown, NJ | $530,172,076 | $121,914,293 |
Hartford Foundation For Public Giving Hartford, CT | $1,063,228,767 | $86,652,679 |
Community Foundation For Greater New Haven New Haven, CT | $645,643,145 | $61,621,081 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $567,602,647 | $60,605,250 |
Philadelphia Foundation Philadelphia, PA | $414,429,037 | $79,448,283 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $26,629,624 | $39,688,864 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $359,660,040 | $29,115,427 |
Catholic Charities Of Buffalo Buffalo, NY | $40,602,638 | $30,165,350 |