N Y A C Athletes Fund Inc
- Assets
- $3.1m
- Revenue
- $244.0k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1989
- Data as of
- 08/2021
- 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 08/2021, N Y A C Athletes Fund Inc generated $244.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $173.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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 27 individual grants totaling $310,500. 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
2021
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 W O'brien President | OfficerTrustee | 3 | $0 |
Alfred H Green Vice President | OfficerTrustee | 3 | $0 |
John J Mcdermott Vice President | OfficerTrustee | 3 | $0 |
Charles P Menges Vice President | OfficerTrustee | 3 | $0 |
Valentine J Taubner Vice President | OfficerTrustee | 3 | $0 |
Richard M Scarlata Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,476 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,476 |
| Total Program Service Revenue | $0 |
| Investment income | $68,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,750 |
| Net Income from Fundraising Events | -$69,682 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $243,982 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,000 |
| 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 | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,372 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $173,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $124,738 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $320,150 |
| 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 | $2,634,579 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,079,467 |
| Accounts payable and accrued expenses | $226,156 |
| 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 | $226,156 |
| Net assets without donor restrictions | $2,687,710 |
| Net assets with donor restrictions | $165,601 |
| 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 | $3,079,467 |
Grants Awarded
Over the last fiscal year, N Y A C Athletes Fund Inc has awarded $62,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $10,000 |
Woodside, NY PURPOSE: GENERAL SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that N Y A C Athletes Fund Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
William L Edwards And Mary Ann Edwards Foundation Palm Beach Gardens, FL PURPOSE: FURTHER EXEMPT PURPOSE | $250 |
Endowment Analysis
| Beg. Balance | $147,922 |
| Earnings | $17,679 |
| Ending Balance | $165,601 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usta Player Development Incorporated White Plains, NY | $604,131 | $13,893,000 |
America East Boston, MA | $5,719,263 | $6,183,979 |
United States Equestrian Team Foundation Inc Gladstone, NJ | $30,191,062 | $5,247,335 |
Laureus Sport For Good Foundation Of America New York, NY | $6,727,173 | $4,372,530 |
Far Hills Race Meeting Association Inc Far Hills, NJ | $7,235,904 | $3,433,382 |
Open Squash Inc New York, NY | $5,357,253 | $1,806,431 |
American Platform Tennis Association Inc Pittsburgh, PA | $1,547,528 | $1,984,678 |
Hayden Synchronized Skating Teams Inc Woburn, MA | $867,521 | $1,759,773 |
Connecticut State Golf Association Inc Rocky Hill, CT | $2,099,281 | $1,823,029 |
New York Yacht Club Regatta Association Inc New York, NY | $782,002 | $1,482,419 |
Kasparov Chess Foundation Inc Montville, NJ | $7,558,285 | $1,748,219 |
Pittsburgh Elite Volleyball Association Pittsburgh, PA | $538,474 | $1,020,631 |