New Life Of New York City Inc
- Assets
- $5.3m
- Revenue
- $517.9k
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 12/1973
- Data as of
- 09/2023
- EIN
- 23-7344354
Organization Overview
New Life Of New York City Inc is located in New York, NY. The organization was established in 1973. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 09/2023, New Life Of New York City Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Of New York City 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, New Life Of New York City Inc generated $517.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $1.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW LIFE ENGAGES NYC YOUTH IN HEALTHY RELATIONSHIPS THROUGH ACADEMICS, ARTS, ATHLETICS AND SPIRITUAL FORMATION.NEW LIFE VALUES INCLUDE: COMPASSION, COMMITMENT, LONGEVITY, SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASKETBALL TOURNAMENTSWE WERE ABLE TO PARTNER WITH CHOSEN NYC AND THE HAMILTON FISH RECREATION CENTER TO COORDINATE DIFFERENT BASKETBALL TOURNAMENTS IN THE SUMMER OF 2022. WE HAD OVER 10 TO 15 TEAMS PARTICIPATE AND WERE ABLE TO HAVE SEVERAL TOURNAMENTS AND GIVE OUT TROPHIES. THIS COLLABORATION ALLOWED NEW LIFE TO SPONSOR THE COMMUNITY IN ITS EFFORTS TO BRING QUALITY BASKETBALL PROGRAMMING TO NEW YORK CITY TEENAGERS.SUMMER CAMPWE PARTICIPATED IN THE JUNIOR HIGH AND HIGH SCHOOL CAMPS. WE TOOK OVER 40 NEW LIFERS TO EXPERIENCE THE CAMP IN VIRGINIA. IT WAS OUR FIRST TIME THERE AND SO WE HAD A LOT OF OBSTACLES AND CHALLENGES, BUT THE KIDS WERE ABLE TO EXPERIENCE HORSEBACK RIDING, AND OTHER ACTIVITIES NORMALLY NOT FOUND AT LAKE CHAMPION.GIFTS TO THE CITY BROOKLYN AND LESTHE FOCUS OF THIS EVENT WAS TO HIGHLIGHT OUR SERVICE PILLAR, AND WE DID JUST THAT. THE STAFF, YOUNG PEOPLE, AND VOLUNTEERS MADE ASSIGNMENTS A BREEZE. IT WAS A GREAT TIME WITH LOTS OF NEW LIFERS WANTING TO VOLUNTEER. WE ALSO COLLABORATED WITH TOYS FOR TOTS AND BEST BUY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chip Dillion Chairman | OfficerTrustee | 2 | $0 |
Annette Cutino Secretary | OfficerTrustee | 2 | $0 |
Sawyer Rice Treasurer | OfficerTrustee | 2 | $0 |
Zach Lembke Board Member | Trustee | 2 | $0 |
Mark Atkinson Board Member | Trustee | 1 | $0 |
Daniel Marte Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,729 |
| Related organizations | $0 |
| Government grants | $150,940 |
| All other contributions, gifts, grants, and similar amounts not included above | $164,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,204 |
| Total Program Service Revenue | $2,786 |
| Investment income | $208,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,909 |
| Net Income from Fundraising Events | -$27,364 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $517,912 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $358,708 |
| Compensation of current officers, directors, key employees. | $142,139 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $560,124 |
| Pension plan accruals and contributions | $6,397 |
| Other employee benefits | $109,333 |
| Payroll taxes | $85,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,900 |
| Fees for services: Accounting | $31,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,604 |
| Advertising and promotion | $30,843 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,378 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,823 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,988 |
| Insurance | $25,544 |
| All other expenses | $81,937 |
| Total functional expenses | $1,649,235 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $390 |
| Savings and temporary cash investments | $59,356 |
| 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 | $3,014,637 |
| Investments—publicly traded securities | $2,250,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,864 |
| Total assets | $5,333,059 |
| Accounts payable and accrued expenses | $39,595 |
| 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 | $39,595 |
| Net assets without donor restrictions | $5,254,077 |
| Net assets with donor restrictions | $39,387 |
| 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 | $5,333,059 |