New York Foundling Charitable Corporation
- Assets
- $0.0
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1987
- Data as of
- 06/2019
- EIN
- 13-3318964
Organization Overview
New York Foundling Charitable Corporation is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. New York Foundling Charitable Corporation 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 06/2019, New York Foundling Charitable Corporation generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (19.5%) each year. All expenses for the organization totaled $6.0m during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING & OTHER FACILITIES TO RELATED VOLUNTARY AGENCIES, ALL OF WHICH ARE SPONSORED BY THE SISTERS OF CHARITY, FOR THEIR USE IN FURTHERANCE OF THEIR CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SPACE FOR FACILITIES LOCATED AT 590 AVENUE OF THE AMERICAS, NEW YORK, NY, FLOORS 7 - 14 AND 170 BROWN PLACE, BRONX, NY, THAT ARE LEASED TO THE NEW YORK FOUNDLING, A NOT-FOR-PROFIT MULTIFUNCTIONAL SOCIAL SERVICE AGENCY.
GRANT TO SISTERS OF CHARITY CENTER, A RELATED NOT-FOR-PROFIT ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juanita Luckett Brown Chairperson (thru 6/27/19) | OfficerTrustee | 1 | $0 |
Andrew S Roffe Vice Chair. (thru 6/27/19) | OfficerTrustee | 1 | $0 |
Sr Carol Barnes Sc Treasurer (thru 6/27/19) | OfficerTrustee | 1 | $0 |
Sr Margaret M O'brien Sc Secretary (thru 6/27/19) | OfficerTrustee | 1 | $0 |
Robert E King Jr Trustee (thru 6/27/19) | Trustee | 1 | $0 |
David Mullane Trustee (thru 6/27/19) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,259,573 |
| Investment income | $2,336,964 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $17,806 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,656,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,060,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $36,516 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $113,997 |
| Fees for services: Other | $60,444 |
| Advertising and promotion | $0 |
| Office expenses | $2,915 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $449,579 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,157,944 |
| Insurance | $0 |
| All other expenses | $1,188 |
| Total functional expenses | $5,991,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, New York Foundling Charitable Corporation has awarded $4,060,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NEW YORK FOUNDLING PURPOSE: CAPITAL | $4,000,000 |
SISTER OF CHARITY MINISTRY NETWORK INC PURPOSE: GENERAL support | $60,000 |