Nyc & Company Foundation Inc
- Assets
- $317.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1999
- Data as of
- 12/2021
- EIN
- 13-4020446
Organization Overview
Nyc & Company Foundation Inc is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyc & Company 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 12/2021, Nyc & Company Foundation Inc generated $8.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (44.9%) each year. All expenses for the organization totaled $43.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Nyc & Company Foundation Inc has awarded 63 individual grants totaling $1,690,229. 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE NEW YORK CITY'S CULTURAL INSTITUTIONS, HISTORIC LANDMARKS, AND HERITAGE ORGANIZATIONS AND SITES ACROSS ALL FIVE BOROUGHS OF NEW YORK CITY, WITH A VIEW TO BENEFIT THE COMMUNITY AND ENHANCE THE CITY'S WORLDWIDE IMAGE.
Describe the Organization's Program Activity:
Part 3
BOROUGH GRANT PROGRAM/CONTRIBUTIONS:CONTRIBUTING MONEY TO SPECIFIC COMMUNITY PROGRAMS IN NEW YORK CITY'S FIVE BOROUGHS WHICH CAN DRIVE TOURISM. TYPICAL ANNUAL CONTRIBUTION CIRCA $320-$350K FUNDING APPROXIMATELY 60 PROGRAMS ACROSS THE FIVE BOROUGHS.
EDUCATION AND CHARITABLE ORGANIZATION CONTRIBUTIONS:THE FOUNDATION ADMINISTERS A GRANT PROGRAM TO ASSIST NEW YORK CITY'S NON PROFIT ARTS AND CULTURAL ORGANIZATIONS IN THE DEVELOPMENT OF CULTURAL TOURISM RELATED PROJECTS DESIGNED TO ATTRACT VISITORS. THE FOUNDATION FOCUSES ON EDUCATING DOMESTIC AND INTERNATIONAL MARKETS ABOUT THE CULTURAL OPPORTUNITIES AVAILABLE THROUGHOUT NEW YORK CITY. THE FOUNDATION ALSO MAKE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR ORGANIZATION'S MISSION AND SCHOLARSHIPS FUNDS.
Z-CARDS/CULTURE SPOT:PROVISION OF FREE FOLD OUT MAPS ('Z-CARDS') TO LOCAL RESIDENTS AND TOURISTS HIGHLIGHTING THE CITY'S CULTURAL INSTITUTIONS AND OPPORTUNITIES AND HOW TO GET TO THEM. TYPICAL COST CIRCA $100K.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Flateman Director | 1 | $0 | |
Emily Rafferty Director | 1 | $0 | |
Fred Dixon President | 1 | $0 | |
Richard Lovatt Treasurer | 1 | $0 | |
Harold Holzer Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,217 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,217 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $30,650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,898 |
| Total expenses | $43,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $316,900 |
| Other assets | $0 |
| Total assets | $317,900 |
| Total liabilities | $138,814 |
| Net assets or fund balances | $179,086 |
Grants Awarded
Over the last fiscal year, Nyc & Company Foundation Inc has awarded $309,600 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Brooklyn, NY PURPOSE: 2019 ARTS AND CULTURE PROJECT | $55,000 |
Bronx, NY PURPOSE: 2019 PROJECTS | $55,000 |
New York, NY PURPOSE: GENERAL OPERATIONS | $50,000 |
New York, NY PURPOSE: QUEENS SUMMER STAGE | $35,000 |
New York, NY PURPOSE: THE MAYOR'S INDUSTRY FUND FOR 2019 | $25,000 |
Brooklyn, NY PURPOSE: 2019 ARTS AND CULTURE PROJECT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nyc & Company Foundation Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Sybil Trent Nieporent Foundation Inc New York, NY PURPOSE: GENERAL | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |
Unbounded Learning Inc New York, NY | $10,202,052 | $11,682,333 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Great Oaks Foundation Inc New York, NY | $2,451,527 | $9,169,233 |
The New York Opportunity Network Inc New York, NY | $9,128,852 | $11,413,843 |
Mdyhs Inc Brooklyn, NY | $134,976 | $6,680,548 |
East Harlem Tutorial Program Inc New York, NY | $86,316,213 | $22,073,171 |
Icivics Inc Cambridge, MA | $22,668,891 | $21,117,538 |
Coleridge Initiative Incorporated New York, NY | $7,309,753 | $10,132,934 |
Citizen Schools Inc Boston, MA | $5,221,320 | $8,840,523 |
New Jersey Childrens Foundation Newark, NJ | $7,913,501 | $9,796,996 |