Plumbing Industry Promotion Fund Of New York City
- Assets
- $4.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1968
- Data as of
- 12/2022
- EIN
- 13-6272083
Organization Overview
Plumbing Industry Promotion Fund Of New York City, operating under the name Of New York City, is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Of New York City is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Of New York City generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 0.5% per year over the past 8 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 2014, Of New York City has awarded 12 individual grants totaling $222,420. 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
INDUSTRY ADVOCACY AND PROMOTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO INCREASE PUBLIC AWARENESS TO THE DIRECT RELATIONSHIP BETWEEN GOOD HEALTH AND GOOD PLUMBING THROUGH PUBLIC INFORMATION PROGRAMS.
TO SUPPORT WORTHY CHARITABLE ORGANIZATIONS.
THE ORGANIZATION'S PUBLIC INFORMATION PROGRAMS EDUCATE AND ACQUAINT ENGINEERS, ARCHITECTS, PUBLIC OFFICIALS, CONTRACTORS, BUILDERS, OWNERS OF RESIDENCES, MULTIPLE DWELLING AND COMMERCIAL PREMISES, AND THE PUBLIC AT LARGE WITH STANDARDS AND OBJECTIVES OF THE INDUSTRY.
THE ORGANIZATION'S COLLEGE SCHOLARSHIP PROGRAM ANNUALLY AWARDS EACH RECIPIENT UP TO $2,000 PER YEAR FOR UP TO 4 YEARS OF UNDERGRADUATE STUDY. DURING THE YEAR, THE ORGANIZATION PROVIDED SCHOLARSHIPS FOR 24 COLLEGE STUDENTS. THE ORGANIZATION ALSO RECEIVED TEMPORARILY RESTRCITED CONTRIBUTIONS OF $35,500 IN 2016 EARMARKED BY DONOR FOR SCHOLARSHIPS FOR THE TOP GRADUATE OR GRADUATES OF THE LOCAL #1 PLUMBERS TRADE EDUCATION SCHOOL. SCHOLARSHIP RECIPIENTS WILL BE AWARDED UP TO $2,000 TOTAL EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Maniuszko Chairman | OfficerTrustee | 1 | $0 |
Vincent Aspromonte Sr Secretary | OfficerTrustee | 1 | $0 |
Marc Breslaw Vice Chairman | OfficerTrustee | 1 | $0 |
Lawrence Martino Jr Trustee | Trustee | 1 | $0 |
Terence O'brien Administrator | Officer | 4 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,196,978 |
| Investment income | $36,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,233,552 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,500 |
| Grants and other assistance to domestic individuals. | $86,000 |
| 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 | $83,664 |
| Fees for services: Accounting | $10,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,000 |
| Office expenses | $69,377 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $216,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,795 |
| Interest | $0 |
| Payments to affiliates | $1,682,000 |
| Depreciation, depletion, and amortization | $1,938 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,295,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,055,651 |
| Savings and temporary cash investments | $1,002,470 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,474 |
| 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 | $237,187 |
| Net Land, buildings, and equipment | $5,841 |
| Investments—publicly traded securities | $1,997,609 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,466,232 |
| Accounts payable and accrued expenses | $63,664 |
| 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 | $63,664 |
| Net assets without donor restrictions | $4,379,068 |
| Net assets with donor restrictions | $23,500 |
| 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 | $4,466,232 |
Grants Awarded
Over the last fiscal year, Plumbing Industry Promotion Fund Of New York City has awarded $50,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SPECIAL OLYMPICS NEW YORK PURPOSE: CONTRIBUTION | $10,000 |
THE MICHAEL J FOX FOUNDATION PURPOSE: CONTRIBUTION | $10,300 |
ACDS INC PURPOSE: CONTRIBUTION | $10,000 |
ALZHEIMERS FOUNDATION OF AMERICA PURPOSE: CONTRIBUTION | $10,000 |
SUNRISE DAY CAMPS ASSOCIATION PURPOSE: CONTRIBUTION | $10,000 |