New York Building Congress Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2023, New York Building Congress Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Building Congress Inc 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 12/2023, New York Building Congress Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $4.3m during the year ending 12/2023. While expenses have increased by 4.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NETWORKING EVENTS-FORUMS, LEADERSHIP LUNCH, PUBLICATIONS AND RESEARCH - ANNUAL REPORT, CONSTRUCTION OUTLOOK, UPDATES INDUSTRY ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBER SERVICES INCLUDE INDUSTRY PROMOTION, GOVERNMENT RELATIONS, PUBLIC RELATIONS, MEMBERSHIP DIRECTORY AND OTHER RELATED SERVICES BENEFITTING THE MEMBERS.
THE BREAKFAST MEETINGS PROVIDE A UNIQUE FORUM TO ADVANCE AN INDUSTRY-WIDE AGENDA FOCUSING ON ECONOMIC AND INFRASTRUCTURE INVESTMENT, JOB CREATION AND PROFESSIONAL EXCHANGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ralph J Esposito Chair | OfficerTrustee | 1 | $0 |
Gregory A Kelly First Vice Chair | OfficerTrustee | 1 | $0 |
Joseph J Aliotta Vice Chair | OfficerTrustee | 1 | $0 |
Frank R Alvarado Vice Chair | OfficerTrustee | 1 | $0 |
Elizabeth Crowley Vice Chair | OfficerTrustee | 1 | $0 |
Maureen A Henegan Vice Chair | OfficerTrustee | 1 | $0 |
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 | $2,782,146 |
Investment income | $61,351 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $29,552 |
Net Income from Fundraising Events | $1,492,677 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,366,727 |
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. | $1,124,937 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $972,381 |
Pension plan accruals and contributions | $58,451 |
Other employee benefits | $206,115 |
Payroll taxes | $146,245 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $41,742 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $28,356 |
Fees for services: Other | $282,548 |
Advertising and promotion | $0 |
Office expenses | $227,632 |
Information technology | $71,339 |
Royalties | $0 |
Occupancy | $587,661 |
Travel | $46,141 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $244,191 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,522 |
Insurance | $13,464 |
All other expenses | $19,034 |
Total functional expenses | $4,308,572 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $336,884 |
Savings and temporary cash investments | $119,773 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $127,530 |
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 | $131,612 |
Net Land, buildings, and equipment | $3,021 |
Investments—publicly traded securities | $1,664,955 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,006,418 |
Total assets | $4,390,193 |
Accounts payable and accrued expenses | $705,486 |
Grants payable | $0 |
Deferred revenue | $447,600 |
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 | $2,321,248 |
Total liabilities | $3,474,334 |
Net assets without donor restrictions | $915,859 |
Net assets with donor restrictions | $0 |
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 | $4,390,193 |