Nybdc Charitable Foundation Inc
- Assets
- $3.5m
- Revenue
- $222.4k
- Investments
- $3.5m
- Employees
- 0
- Location
- Albany, NY
- Founding
- 12/2001
- Data as of
- 09/2023
- EIN
- 14-1834499
Organization Overview
Nybdc Charitable Foundation Inc is located in Albany, NY. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Nybdc Charitable 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 09/2023, Nybdc Charitable Foundation Inc generated $222.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $150.4k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nybdc Charitable Foundation Inc has awarded 26 individual grants totaling $1,334,300. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NYBDC CHARITABLE FOUNDATION FUNDS DIRECTOR MATCHING GIFTS AND DIRECTOR DIRECTED GIFTS FOR NEW YORK BUSINESS DEVELOPMENT CORPORATION AND, ITS AFFILIATE, EMPIRE STATE CERTIFIED DEVELOPMENT CORPORATION. THE FOUNDATION FUNDS ADDITIONAL CHARITABLE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS AT THE DISCRETION OF THE FOUNDATION'S BOARD.
THE NYBDC CHARITABLE FOUNDATION FUNDS OTHER SPECIAL GRANTS TO RELIEVE UNEMPLOYMENT, PROVIDE FOR MAXIMUM EMPLOYMENT, ENHANCE JOB OPPORTUNITIES, ASSIST IN LOCATING NEW BUSINESS AND INDUSTRY, AND PROMOTES THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF NEW YORK STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Levy Director | 1 | $0 | |
Patrick J Mackrell Director | 1 | $0 | |
James J Byrnes Director | 1 | $0 | |
Robert W Lazar Director | 1 | $0 | |
Thomas F Goldrick Jr Director | 1 | $0 | |
Gary Berner Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $144,685 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,142 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $222,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $12,878 |
| Total operating and administrative expenses | $17,028 |
| Contributions, gifts, grants paid | $133,350 |
| Total expenses and disbursements | $150,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,382 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,319,257 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,490,058 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $8,000 |
| Total liabilities | $8,000 |
Grants Awarded
Over the last fiscal year, Nybdc Charitable Foundation Inc has awarded $133,350 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS CHARITABLE ENTITIES - DIRECTOR MATCHING GIFTS-UNDER 5000 PURPOSE: VARIOUS DIRECTOR MATCHING GIFTS (ALL $2,500 OR LESS) | $13,350 |
VARIOUS CHARITABLE ENTITIES - DIRECTOR DIRECTED GIFTS-UNDER 5000 PURPOSE: VARIOUS DIRECTOR DIRECTED GIFTS (ALL $2,500 OR LESS) | $97,500 |
OTHER CHARITABLE GIFTS PURPOSE: OTHER GRANTS | $22,500 |