New York Times Neediest Cases Fund
- Assets
- $66.3m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1942
- Data as of
- 02/2022
- EIN
- 13-6066063
Organization Overview
New York Times Neediest Cases Fund is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (T30) the organization is classified as: Public 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 Times Neediest Cases Fund 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 02/2022, New York Times Neediest Cases Fund generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $9.4m during the year ending 02/2022. While expenses have increased by 5.7% per year over the past 7 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 2015, New York Times Neediest Cases Fund has awarded 106 individual grants totaling $65,801,933. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NYTNCF WAS ORIGINATED TO RAISE FUNDS TO PROVIDE TO INDIVIDUALS AND FAMILIES IN DISTRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AMERICA:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
UJA-FEDERATION OF NEW YORK:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
INTERNATIONAL RESCUE COMMITTEE, INC:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
FUNDING ADDITIONAL SOCIAL WELFARE AGENCIES THAT SERVE PEOPLE OF ALL AGES AND BACKGROUNDS IN EVERY BOROUGH OF NEW YORK CITY.BROOKLYN BUREAU OF COMMUNITY SERVICES - $ 881,042CATHOLIC CHARITIES, ARCHDIOCESE OF NY - $ 881,042CITY HARVEST, INC. - $ 200,000CITYMEALS ON WHEELS - $ 200,000CHILDRENS AID SOCIETY - $ 881,042COMMUNITY SERVICE SOCIETY OF NY - $ 881,042FIRST BOOK - $ 881,042HISPANIC FEDERATION, INC. - $ 225,000LITERACY PARTNERS INC - $100,000WORLD CENTRAL KITCHEN, INC. - $ 881,041.95 EDUCATION: SCHOLARSHIPS - $393,741
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Murphy Director/president | OfficerTrustee | 0.3 | $0 |
Hannah Yang Director/vice President | OfficerTrustee | 0.3 | $0 |
Roland Caputo Director/senior VP - Finance | OfficerTrustee | 0.3 | $0 |
Diane Brayton Director/senior VP & Secretary | OfficerTrustee | 0.3 | $0 |
Meredith Kopit Levien Director/chair | OfficerTrustee | 0.3 | $0 |
Brian Rideout Assistant Secretary | Officer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,461,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,461,346 |
| Total Program Service Revenue | $0 |
| Investment income | $881,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,211,232 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,554,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,784,494 |
| Grants and other assistance to domestic individuals. | $393,741 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $138,543 |
| 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 | $39,342 |
| Total functional expenses | $9,356,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,463,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $41,038,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,829,311 |
| Total assets | $66,331,518 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $8,041,375 |
| 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 | $1,000 |
| Total liabilities | $8,042,375 |
| Net assets without donor restrictions | $29,861,016 |
| Net assets with donor restrictions | $28,428,127 |
| 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 | $66,331,518 |
Grants Awarded
Over the last fiscal year, New York Times Neediest Cases Fund has awarded $8,784,472 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO HELP THE NEEDY | $931,042 |
New York, NY PURPOSE: TO HELP THE NEEDY | $921,089 |
New York, NY PURPOSE: TO HELP THE NEEDY | $921,089 |
Washington, DC PURPOSE: TO HELP THE NEEDY | $881,042 |
New York, NY PURPOSE: TO HELP THE NEEDY | $881,042 |
Brooklyn, NY PURPOSE: TO HELP THE NEEDY | $881,042 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Times Neediest Cases Fund has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
A Woodner Fund Inc New York, NY PURPOSE: COMMUNITY FUND DIRECTED BY THE NYT | $2,000 |
Kap 508 Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $2,000 |
Endowment Analysis
| Beg. Balance | $48,008,092 |
| Earnings | $1,019,458 |
| Net Contributions | $21,294 |
| Other Expense | $990,604 |
| Ending Balance | $48,058,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Partnership Schools New York, NY | $64,379,139 | $24,282,663 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
Royal College Of Art Usa Inc New York, NY | $1,933,182 | $14,916,047 |
Imago Dei Fund Boston, MA | $57,020,766 | $29,637,241 |
Boston Charitable Trust Fund Boston, MA | $1,173,216 | $4,494,143 |
Nfa Foundation Inc Norwich, CT | $77,129,817 | $5,415,738 |
American Friends Of B Nai Levy Foundation Brooklyn, NY | $493,786 | $13,431,000 |
Rf Catalytic Capital Inc New York, NY | $241,603,034 | $246,273,218 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
Freedom Fund Brooklyn, NY | $51,719,352 | $51,201,158 |
American Friends Of Leket Israel Inc Teaneck, NJ | $3,165,709 | $12,922,662 |
Provision Ministry Inc Westborough, MA | $833,220 | $12,247,682 |