New York Foundation
- Assets
- $55.3m
- Revenue
- $7.7m
- Investments
- $48.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1950
- Data as of
- 12/2022
- EIN
- 13-5626345
Organization Overview
New York Foundation is located in New York, NY. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. New York Foundation 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 12/2022, New York Foundation generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $10.5m during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, New York Foundation has awarded 920 individual grants totaling $26,308,396. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NEIGHBORHOODS FIRST FUND:SUPPORTS COMMUNITY-BASED ORGANIZATIONS IN NEIGHBORHOODS FACING REZONING.
THE FOUNDATION OPERATES A CAPACITY BUILDING PROGRAM THAT INCLUDES DIRECT SUPPORT TO NONPROFITS THAT PROVIDE ONE-ON-ONE CONSULTATION TO GRANTEE PARTNERS, WORKSHOPS, AND A SMALL GRANTS PROGRAM.
ENGAGE NEW YORK: CONNECTS FUNDERS ACROSS NEW YORK STATE TO INCREASE SUPPORT FOR COMMUNITY AND RESIDENT ENGAGEMENT.
YOUTH ORGANIZING AND CULTURE CHANGE FUND:EMPOWERS YOUNG PEOPLE TO BUILD LOCAL COMMUNITY POWER AND WIN CHANGE FOR COMMUNITIES OF COLOR THROUGH THE ARTS IN NYC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fatima Shama Board Chair Through 6/2022 | 1 | $0 | |
Robert Cordero Board Chair From 7/2022 - 10/2022 | 1 | $0 | |
Rasmina Kirmani-Frye Board Chair As Of 11/2022 | 1 | $0 | |
Gay Young Vice Chair Through 6/2022 | 2 | $0 | |
Gabriel Sayegh Vice Chair As Of 11/2022 | 2 | $0 | |
George Suttles Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joan Byron | 12/30/22 | $139,711 |
Lisa Fasolo Frishman Llc | 12/30/22 | $109,359 |
Clearbrook Llc | 12/30/22 | $55,572 |
Pkf O'connor Davies | 12/30/22 | $51,950 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,985,051 |
| Interest on Savings | $24,015 |
| Dividends & Interest | $991,715 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,594,035 |
| Capital Gain Net Income | $974,811 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,777 |
| Total Revenue | $7,668,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,568 |
| Other employee salaries and wages | $575,899 |
| Pension plans, employee benefits | $230,867 |
| Interest | $41,242 |
| Taxes | $48,626 |
| Depreciation | $34,516 |
| Occupancy | $322,128 |
| Travel, conferences, and meetings | $27,478 |
| Printing and publications | $0 |
| Other expenses | $151,241 |
| Total operating and administrative expenses | $2,423,466 |
| Contributions, gifts, grants paid | $8,057,490 |
| Total expenses and disbursements | $10,480,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,196,664 |
| Savings and temporary cash investments | $1,654,229 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $2,322,327 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,583 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $48,246,066 |
| Net Land, buildings, and equipment | $124,250 |
| Other assets | $1,672,678 |
| Total assets | $55,262,797 |
| Accounts payable and accrued expenses | $84,346 |
| Grants payable | $1,300,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,658,355 |
| Total liabilities | $3,042,701 |
Grants Awarded
Over the last fiscal year, New York Foundation has awarded $8,857,490 in support to 260 organizations.
| Grant Recipient | Amount |
|---|---|
A LITTLE PIECE OF LIGHT INC PURPOSE: TO SUPPORT FORMERLY INCARCERATED WOMEN AND THEIR FAMILIES AND, TO COLLABORATE ON CAMPAIGNS FOR JUSTICE REFORM AND HEALING. | $45,000 |
ACCESS OF WNY INC PURPOSE: TO SUPPORT THE LAUNCH OF A NEW COHORT TRAINING SERIES FOR ORGANIZERS THAT AIMS TO DEVELOP THE LEADERSHIP SKILLS OF ADVOCATES FROM DIFFERENT REGIONS OF THE STATE FOCUSED ON BIPOC LEADERS. | $12,500 |
ADHIKAAR FOR HUMAN RIGHTS AND SOCIAL JUSTICE PURPOSE: TO HIRE A CONSULTANT TO SUPPORT THE LEADERSHIP TRANSITION AND DEPARTURE OF ITS CURRENT EXECUTIVE DIRECTOR IN OCTOBER 2022. | $10,000 |
ADHIKAAR FOR HUMAN RIGHTS AND SOCIAL JUSTICE PURPOSE: MULTI-YEAR UNRESTRICTED SUPPORT TO ADDRESS NEEDS PRESENTED BY THE PANDEMIC AND TO SEIZE OPPORTUNITY FOR A MORE EQUITABLE CITY USING COMMUNITY ORGANIZING AS A CORE STRATEGY. | $40,000 |
ADIRONDACK NORTH COUNTRY ASSOCIATION INC PURPOSE: TO SUPPORT THE 40 ALLIED ORGANIZATIONS IN THE REGION TO RECRUIT AND TRAIN COMMUNITY MEMBERS TO MAKE THE ADIRONDACKS A MORE WELCOMING AND NURTURING ENVIRONMENT FOR COMMUNITIES OF COLOR. | $10,000 |
ADVOCACY INSTITUTE PURPOSE: TO SUPPORT THE LEGISLATIVE ADVOCACY WORK OF SOCIAL JUSTICE AND MOVEMENT-BUILDING ORGANIZATIONS IN NEW YORK CITY. | $70,000 |