Fund For The City Of New York Inc
- Assets
- $176.7m
- Revenue
- $126.4m
- Investments
- $0.0
- Employees
- 1,173
- Location
- New York, NY
- Founding
- 02/1982
- Data as of
- 09/2021
- 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 09/2021, Fund For The City Of New York Inc employed 1,173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For The City Of New York Inc 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 09/2021, Fund For The City Of New York Inc generated $126.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $118.9m during the year ending 09/2021. While expenses have increased by 10.1% per year over the past 6 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 246 individual grants totaling $20,125,311. 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
2021
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 A BROAD RANGE OF PROGRAMS OF SOCIAL SERVICES, WOMEN, HEALTH, FAMILY AND EDUCATION.
CORE PROGRAM WAS CREATED TO RESPOND TO NONPROFIT CHALLENGES AND OPPORTUNITIES FACING 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 Term 8312020 Chief Executive Officer | Officer | 30 | $325,818 |
Fred Dejohn Chief Financial Officer | Officer | 35 | $275,000 |
Courtney A Bryan Chief Executive Officer | Officer | 35 | $253,333 |
Shoshanah Brown Chief Executive Officer | Officer | 35 | $226,085 |
Liberty Aldrich Term 6102021 Managing Director | Officer | 35 | $226,050 |
Jill E Borrero Vice President | Officer | 30 | $216,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elana Karopkin Lead And Implement Springpoint's Design | 9/29/21 | $357,512 |
Legal Services Of Nyc Provide Legal Services, Consultation, In | 9/29/21 | $300,570 |
Good Life Philanthropic Youth Foundation Implement Mentoring, Entrepreneurship Cl | 9/29/21 | $283,829 |
Bsbc Science Learning Project Management And Development Of Op | 9/29/21 | $2,883,894 |
Ernst & Young Us Llp Intellectial Property Analysis On Studen | 9/29/21 | $1,020,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $76,809,036 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,583,233 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,392,269 |
| Total Program Service Revenue | $11,775,943 |
| Investment income | $269,019 |
| 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 | $126,437,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,898,351 |
| 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. | $4,249,684 |
| Compensation of current officers, directors, key employees. | $34,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,480,749 |
| Pension plan accruals and contributions | $3,633,754 |
| Other employee benefits | $8,576,360 |
| Payroll taxes | $4,625,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $159,543 |
| Fees for services: Accounting | $369,806 |
| Fees for services: Lobbying | $28,346 |
| Fees for services: Fundraising | $119,250 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,821,182 |
| Advertising and promotion | $78,005 |
| Office expenses | $1,767,429 |
| Information technology | $2,060,784 |
| Royalties | $0 |
| Occupancy | $7,128,796 |
| Travel | $129,918 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $483,308 |
| Interest | $204,177 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,487 |
| Insurance | $435,601 |
| All other expenses | $0 |
| Total functional expenses | $118,892,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,854,456 |
| Savings and temporary cash investments | $70,799,468 |
| Pledges and grants receivable | $48,441,076 |
| Accounts receivable, net | $1,807,095 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $36,347,802 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,649,689 |
| Net Land, buildings, and equipment | $725,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,075,632 |
| Total assets | $176,700,276 |
| Accounts payable and accrued expenses | $11,219,501 |
| Grants payable | $1,039,567 |
| Deferred revenue | $9,103,696 |
| 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 | $57,415,242 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $78,778,006 |
| Net assets without donor restrictions | $44,745,670 |
| Net assets with donor restrictions | $53,176,600 |
| 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 | $176,700,276 |
Grants Awarded
Over the last fiscal year, Fund For The City Of New York Inc has awarded $2,906,429 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROMISE PROJECT GRANT | $1,425,000 |
New York, NY PURPOSE: JBRPC GRANT | $230,000 |
Brooklyn, NY PURPOSE: RIGHT TO COUNSEL NYC COALITION GRANT | $182,500 |
New York, NY PURPOSE: JBRPC GRANT | $154,500 |
Brooklyn, NY PURPOSE: RIGHT TO COUNSEL NYC COALITION GRANT | $145,000 |
New York, NY PURPOSE: RIGHT TO COUNSEL NYC COALITION GRANT | $145,000 |
Grants Recieved
Over the last fiscal year, we have identified 137 grants that Fund For The City Of New York Inc has recieved totaling $29,936,032.
| Awarding Organization | Amount |
|---|---|
Robin Hood Foundation New York, NY PURPOSE: POVERTY RELIEF | $2,520,020 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: ON BEHALF OF THE CENTER FOR COURT INNOVATION FOR PROJECT COORDINATION AND TECHNICAL ASSISTANCE TO LOCAL JURISDICTIONS SEEKING TO REDUCE JAIL USE SAFELY AND ADDRESS RACIAL AND ETHNIC DISPARITIES AS PART OF THE SAFETY AND JUSTICE CHALLENGE. | $2,315,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: ON BEHALF OF THE CENTER FOR COURT INNOVATION FOR PROJECT COORDINATION AND TECHNICAL ASSISTANCE TO LOCAL JURISDICTIONS SEEKING TO REDUCE JAIL USE SAFELY AND ADDRESS RACIAL AND ETHNIC DISPARITIES. | $2,315,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: ON BEHALF OF THE CENTER FOR COURT INNOVATION FOR PROJECT COORDINATION AND TECHNICAL ASSISTANCE TO LOCAL JURISDICTIONS SEEKING TO REDUCE JAIL USE SAFELY AND ADDRESS RACIAL AND ETHNIC DISPARITIES. | $2,315,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: ON BEHALF OF THE CENTER FOR COURT INNOVATION FOR PROJECT COORDINATION AND TECHNICAL ASSISTANCE TO LOCAL JURISDICTIONS SEEKING TO REDUCE JAIL USE SAFELY AND ADDRESS RACIAL AND ETHNIC DISPARITIES AS PART OF THE SAFETY AND JUSTICE CHALLENGE. | $2,315,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: ON BEHALF OF THE CENTER FOR COURT INNOVATION FOR PROJECT COORDINATION AND TECHNICAL ASSISTANCE TO LOCAL JURISDICTIONS SEEKING TO REDUCE JAIL USE SAFELY AND ADDRESS RACIAL AND ETHNIC DISPARITIES. | $2,315,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The New York Community Trust New York, NY | $3,500,445,837 | $442,855,899 |
Boston Foundation Inc Boston, MA | $1,683,793,346 | $325,590,260 |
Fund For The City Of New York Inc New York, NY | $176,700,276 | $126,437,231 |
Community Foundation Of New Jersey Morristown, NJ | $853,045,584 | $257,903,592 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Hartford Foundation For Public Giving Hartford, CT | $1,125,106,021 | $82,935,365 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Community Foundation For Greater Buffalo Inc Buffalo, NY | $874,380,305 | $143,802,626 |
Community Foundation For Greater New Haven New Haven, CT | $745,279,119 | $58,670,540 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Federation Of Jewish Communities Of The C I S Inc New York, NY | $45,162,356 | $39,631,208 |
Fairfield Countys Community Foundation Inc Norwalk, CT | $264,164,706 | $42,534,303 |