New York Road Runners Inc
- Assets
- $107.2m
- Revenue
- $104.9m
- Investments
- $5.5m
- Employees
- 720
- Location
- New York, NY
- Founding
- 03/2008
- Data as of
- 03/2020
- EIN
- 13-2949483
Organization Overview
New York Road Runners Inc is located in New York, NY. The organization was established in 2008. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, New York Road Runners Inc employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Road Runners 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 03/2020, New York Road Runners Inc generated $104.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $103.1m during the year ending 03/2020. While expenses have increased by 5.3% 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, New York Road Runners Inc has awarded 105 individual grants totaling $13,196,785. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
NYRR'S MISSION IS TO HELP & INSPIRE PEOPLE THROUGH RUNNING VIA EVENTS, PROGRAMS & RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TCS NYC MARATHON:IN FISCAL YEAR 2022, NYRR HELD THE 50TH RUNNING OF THE NEW YORK CITY MARATHON, WHICH WAS AT A LOWER THEN NORMAL CAPACITY (ABOUT 50%) DUE TO THE ONGOING RESTRICTIONS ISSUED BY STATE AND LOCAL GOVERNMENTS REGARDING LARGE PUBLIC GATHERINGS. THE EVENT INCLUDED RESOLUTION RUNNERS (PEOPLE WHO OPTED TO RECEIVE COMPLIMENTARY GUARANTEED ENTRANCE INTO THE 2021 EVENT FROM THE 2020 CANCELLATION PROCESS). THE MARATHON WAS HELD ON NOVEMBER 7, 2021 WITH OVER 25,000 RUNNERS FROM OVER 90 COUNTRIES, ALL 50 STATES, INCLUDING D.C. AND PUERTO RICO, FINISHING THE RACE.
OTHER COMMUNITY EVENT:IN FISCAL YEAR 2022, 133,000 RUNNERS PARTICIPATED IN APPROXIMATELY 29 IN-PERSON NYRR EVENTS, INCLUDING A WIDE VARIETY OF RACES OF VARYING DISTANCES THROUGHOUT THE FIVE BOROUGHS OF NEW YORK CITY. EVENTS INCLUDED 2 OF THE FIVE BOROUGH SERIES (BRONX 10M AND NYC HALF) AS THE OTHER 3 RACES WERE CANCELED DUE TO THE ONGOING IMPACT OF THE PANDEMIC (BROOKLYN HALF, QUEENS 10MILER, STATEN ISLAND HALF), AND 27 WEEKLY AND NYRR HERITAGE RACES. AN ADDITIONAL 110,000 PEOPLE PARTICIPATED IN VIRTUAL RACES ONLINE FROM ALL AROUND THE WORLD.
YOUTH AND COMMUNITY PROGRAM SERVICES:NYRR PROVIDES YOUTH AND COMMUNITY PROGRAMS THAT DEVELOP EVERY GENERATION OF RUNNER, HELPING CREATE A HEALTHY AND MORE ACTIVE NEW YORK CITY AND BEYOND. OUR PROGRAMS PROVIDE RESOURCES AND OPPORTUNITIES TO ENGAGE RUNNERS OF ALL AGES AND ABILITIES. RISING NEW YORK ROAD RUNNERS SUPPORTS SCHOOLS WITH CURRICULUM, ACTIVITIES, AND RESOURCES TO PROMOTE PHYSICAL LITERACY AND BUILD THE FRAMEWORK FOR YOUTH MOVEMENT. OUR OTHER YOUTH PROGRAMS INCLUDE A YOUTH WHEELCHAIR RACE TRAINING PROGRAM; RUN FOR THE FUTURE, WHICH PROVIDES RUNNING, HEALTH, AND FITNESS TRAINING TO HIGH SCHOOL GIRLS, AND OUR YOUTH AMBASSADOR PROGRAM WHICH HELPS YOUNG PEOPLE BUILD PUBLIC SPEAKING SKILLS THROUGH SPEAKING OPPORTUNITIES AT NYRR EVENTS.
OTHER PROGRAM SERVICES INCLUDE PUBLICATIONS, CLASSES AND MERCHANDISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kerin Hempel Ceo/board Member | OfficerTrustee | 40 | $544,046 |
Jeanmarie Cooney SVP Of Finance/asst. Treasurer | Officer | 40 | $281,516 |
Erica Edwards-O'neal Svp Culture, Diversity, Equity & Inc. | 40 | $256,582 | |
James Heim Former Svp Events Race Dir. Of Mar. Thru Mar 2021 | 0 | $256,029 | |
Jeffery Carnevale Svp, It & Information Officer | 40 | $246,603 | |
Christine Burke Svp Strategic Partnerships & Runner Prod. | 40 | $243,729 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
45 Live Inc Production Of Nyc Marathon Broadcast | 3/30/22 | $1,875,000 |
Proskauer Rose Llp Legal Counsel | 3/30/22 | $868,930 |
Stran Promotional Solutions Youth Incentives And Race Products | 3/30/22 | $1,118,384 |
Icreon Holdings Inc Consulting And Tech Development | 3/30/22 | $864,169 |
Nyc Department Of Finance Nypd Traffic Fees | 3/30/22 | $851,869 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,864,383 |
| Investment income | $1,613,616 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,816,219 |
| Net Rental Income | $1,595,682 |
| Net Gain/Loss on Asset Sales | $1,290,762 |
| Net Income from Fundraising Events | $26,425 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,850,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $314,135 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,494,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,704,350 |
| Pension plan accruals and contributions | $1,044,260 |
| Other employee benefits | $2,268,196 |
| Payroll taxes | $1,955,352 |
| Fees for services: Management | $136,012 |
| Fees for services: Legal | $460,487 |
| Fees for services: Accounting | $663,626 |
| Fees for services: Lobbying | $78,055 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $169,687 |
| Fees for services: Other | $736,205 |
| Advertising and promotion | $1,616,540 |
| Office expenses | $1,220,353 |
| Information technology | $4,977,474 |
| Royalties | $0 |
| Occupancy | $4,359,301 |
| Travel | $523,083 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $170,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,633,536 |
| Insurance | $1,908,351 |
| All other expenses | $0 |
| Total functional expenses | $103,051,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,334,215 |
| Savings and temporary cash investments | $1,615,109 |
| Pledges and grants receivable | $623,392 |
| Accounts receivable, net | $11,521,786 |
| 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 | $2,012,055 |
| Investments—publicly traded securities | $56,796,203 |
| Investments—other securities | $5,531,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,156,497 |
| Accounts payable and accrued expenses | $19,410,527 |
| Grants payable | $0 |
| Deferred revenue | $42,764,609 |
| 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 | $62,175,136 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $44,981,361 |
Grants Awarded
Over the last fiscal year, New York Road Runners Inc has awarded $635,683 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANTS AWARDED TO THE ARMORY FOUNDATION TO SPONSOR A VARIETY OF EDUCATIONAL & RECREATIONAL SPORTS AND FITNESS PROGRAMS FOR PERSONS OF ALL AGES AND BACKGROUNDS. NYRR IS PERIODICALLY INVOLVED IN VARIOUS EVENTS AND THE PROGRAMS TO HELP INSPIRE PEOPLE, OF ALL AGES AND ABILITIES, TO MAINTAIN A FIT AND HEALTHY LIFESTYLE THROUGH RUNNING. | $525,683 |
New York, NY PURPOSE: GRANT AWARDED TO THE CENTRAL PARK CONSERVANCY TO BECOME A FOUNDING MEMBER OF THE CENTRAL PARK CONSERVANCY BUSINESS LEADERSHIP COUNCIL. THIS MEMBERSHIP STRENGTHENS THE PARTNERSHIP BETWEEN THE TWO ORGANIZATIONS FOR THE BENEFIT OF THE ENTIRE NEW YORK CITY COMMUNITY. NYRR HOSTS MANY EVENTS THROUGHOUT THE YEAR IN CENTRAL PARK TO FURTHER ITS MISSION TO HELP INSPIRE PEOPLE, OF ALL AGES AND ABILITIES, TO MAINTAIN A FIT AND HEALTHY LIFESTYLE THROUGH RUNNING. | $100,000 |
HARLEM RUN LLC PURPOSE: GRANT AWARDED TO THE HARLEM RUN, LLC TO SPONSOR THE "HARLEM RUN HOUSE" POP-UP EVENT IN NOVEMBER 2021 THAT PROVIDED A RUNNING GROUP TO RESIDENTS IN HARLEM, NEW YORK. THIS SPONSORSHIP SUPPORTED HARLEM RUNS AND THE SIX-DAY SUMMIT OF CELEBRATION AND ACTIVITIES WITH A FOCUS ON NYRR'S MISSION TO HELP AND INSPIRE PEOPLE OF ALL AGES AND ABILITIES TO MAINTAIN A FIT AND HEALTHY LIFESTYLE THROUGH RUNNING. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Road Runners Inc has recieved totaling $25,250.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Becker Family Foundation Oakton, VA PURPOSE: TEAM FOR KIDS OPERATIONAL SUPPORT. | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Road Runners Inc New York, NY | $107,156,497 | $104,850,571 |
The Union League Of Philadelphia Philadelphia, PA | $166,421,963 | $49,124,019 |
New York Athletic Club New York, NY | $79,824,386 | $36,957,466 |
University Club New York, NY | $61,571,312 | $30,883,399 |
Baltusrol Golf Club Springfield, NJ | $73,541,672 | $26,510,520 |
Country Club Chestnut Hill, MA | $75,043,157 | $30,549,304 |
Winged Foot Golf Club Inc Mamaroneck, NY | $47,661,307 | $23,506,154 |
New York Yacht Club New York, NY | $54,553,348 | $22,663,268 |
Canoe Brook Country Club Summit, NJ | $49,012,793 | $22,669,304 |
Glen Oaks Club Inc Old Westbury, NY | $13,779,705 | $20,068,781 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Sleepy Hollow Country Club Westchester Scarborough, NY | $36,824,085 | $23,136,850 |