Ahrc New York City Foundation Inc
- Assets
- $37.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 13-3779611
Organization Overview
Ahrc New York City Foundation Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ahrc New York City Foundation 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 06/2021, Ahrc New York City Foundation Inc generated $3.7m 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 (9.2%) each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR THE EXCLUSIVE BENEFIT OF PEOPLE WITH DEVELOPMENT DISABILITIES IN NYC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AHRC NEW YORK CITY FOUNDATION'S GRANT MAKING IS STRATEGIC AND TARGETED. GRANTS ARE MADE FOR PROJECTS AND PROGRAMS THAT BENEFIT PEOPLE WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES. THE FOUNDATION MADE GRANTS FOR:1) ARTICLE 16 CLINIC RENOVATION,2) INTEGRATED, REGIONAL DAY SERVICES MODEL FOR BROOKLYN,3) STAFF RECRUITMENT AND RETENTION PILOT AND4) ENHANCED USE OF PERSONAL OUTCOME MEASURES FOR PERSON-CENTERED QUALITY IMPROVEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Goodwin Executive Director | Officer | 35 | $208,527 |
Jeanne Sdroulas Vice Chairman Of Board | OfficerTrustee | 1 | $0 |
Joel S Isaacson Chairman Of Board | OfficerTrustee | 5 | $0 |
Stephen Riggio Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Andreas Chrysostomou Board Member | Trustee | 0.5 | $0 |
Gary M Green Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $958,525 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,225,672 |
| Noncash contributions included in lines 1a–1f | $14,038 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,184,197 |
| Total Program Service Revenue | $125,919 |
| Investment income | $455,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $876,890 |
| Net Income from Fundraising Events | $25,862 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,668,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,852,906 |
| 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. | $237,811 |
| Compensation of current officers, directors, key employees. | $59,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,721 |
| Pension plan accruals and contributions | $17,561 |
| Other employee benefits | $16,246 |
| Payroll taxes | $24,515 |
| Fees for services: Management | $105,553 |
| Fees for services: Legal | $3,067 |
| Fees for services: Accounting | $28,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,000 |
| Fees for services: Investment Management | $58,444 |
| Fees for services: Other | $79,106 |
| Advertising and promotion | $0 |
| Office expenses | $33,292 |
| Information technology | $9,899 |
| Royalties | $0 |
| Occupancy | $17,163 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,894 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,956 |
| Insurance | $8,839 |
| All other expenses | $260 |
| Total functional expenses | $2,781,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,152 |
| Savings and temporary cash investments | $710,847 |
| Pledges and grants receivable | $280,598 |
| 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 | $32,205 |
| Net Land, buildings, and equipment | $27,500 |
| Investments—publicly traded securities | $36,679,102 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $37,872,404 |
| Accounts payable and accrued expenses | $15,344 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| 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 | $643,920 |
| Total liabilities | $759,264 |
| Net assets without donor restrictions | $35,478,791 |
| Net assets with donor restrictions | $1,634,349 |
| 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 | $37,872,404 |
Grants Awarded
Over the last fiscal year, Ahrc New York City Foundation Inc has awarded $1,852,906 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $1,727,906 |
New York, NY PURPOSE: SEE PART IV SUPPLEMENTAL INFO | $125,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ahrc New York City Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Waldman Foundation Harrison, NY PURPOSE: GENERAL | $15,000 |
Endowment Analysis
| Beg. Balance | $987,207 |
| Earnings | $244,949 |
| Grants | $50,000 |
| Ending Balance | $1,182,156 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
Hope For Youth Inc Amityville, NY | $10,865,800 | $14,335,992 |
Lauren And Lee Fixel Family Foundation Inc New York, NY | $40,185,371 | $21,974,777 |
Joy In Childhood Foundation Inc Canton, MA | $7,582,989 | $8,931,292 |
Joint Council For Economic Opportunity Of Clinton & Franklin Plattsburgh, NY | $5,357,972 | $10,698,049 |
Health Management Group Ltd Getzville, NY | $13,266,135 | $8,802,636 |
Roy Lichtenstein Foundation New York, NY | $85,182,586 | $2,378,185 |
Mccance Foundation Tr North Scituate, MA | $91,930,926 | $3,999,038 |
Childrens Dyslexia Centers Inc Lexington, MA | $70,604,540 | $15,265,584 |
North Central Area Agency On Aging Inc Hartford, CT | $1,856,134 | $6,505,484 |
Hampton Classic Horse Show Inc Bridgehampton, NY | $1,702,497 | $4,948,481 |
Peggy Mcgrath Rockefeller Foundation New York, NY | $16,278,993 | $1,905,197 |