N Y A C Athletes Fund Inc
- Assets
- $2.8m
- Revenue
- $184.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1989
- Data as of
- 08/2023
- EIN
- 13-3570181
Organization Overview
N Y A C Athletes Fund Inc is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. N Y A C Athletes Fund 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 08/2023, N Y A C Athletes Fund Inc generated $184.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $175.3k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, N Y A C Athletes Fund Inc has awarded 38 individual grants totaling $442,500. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND SUPPORTS WORTHY ORGANIZATIONS THAT ASSIST NEEDY AND DISADVANTAGED INNER-CITY YOUTH THROUGH SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James R Rafferty President | OfficerTrustee | 3 | $0 |
Curt R Clausen Vice President | OfficerTrustee | 3 | $0 |
Alfred H Green Vice President | OfficerTrustee | 3 | $0 |
Richard M Scarlata Treasurer | OfficerTrustee | 3 | $0 |
John W Neary Vice President | OfficerTrustee | 3 | $0 |
Christopher O Cassell Vice President | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $181,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,400 |
| Total Program Service Revenue | $0 |
| Investment income | $52,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,390 |
| Net Income from Fundraising Events | -$89,554 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,970 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,500 |
| 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 | $0 |
| Fees for services: Accounting | $21,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,870 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,700 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $175,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,610 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $307,700 |
| 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 | $2,321,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,813,775 |
| Accounts payable and accrued expenses | $244,259 |
| 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 | $244,259 |
| Net assets without donor restrictions | $2,431,737 |
| Net assets with donor restrictions | $137,779 |
| 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 | $2,813,775 |
Grants Awarded
Over the last fiscal year, N Y A C Athletes Fund Inc has awarded $57,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AC RUGBY FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
ROBERT RODENKIRCHEN FOUNDATION INC PURPOSE: GENERAL SUPPORT | $6,000 |
INNER CITY HANDBALL PURPOSE: GENERAL SUPPORT | $6,000 |
JIM COUCH FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
WENDY HILLIARD FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |