The New York Foundling
- Assets
- $316.0m
- Revenue
- $265.3m
- Investments
- $31.6m
- Employees
- 3,086
- Location
- New York, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 13-1624123
Organization Overview
The New York Foundling is located in New York, NY. The organization was established in 1946. 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 06/2022, New York Foundling employed 3,086 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. New York Foundling 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 06/2022, New York Foundling generated $265.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $219.6m during the year ending 06/2022. While expenses have increased by 7.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENTAL DISABILITIES - THE FOUNDLING PROVIDES SUPPORT FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES THROUGHOUT THE NEW YORK METROPOLITAN AREA, REACHING MORE THAN 1000 ADULTS AND CHILDREN EVERY YEAR. OUR PROGRAMS CREATE A SUPPORTIVE AND NURTURING ENVIRONMENT, HELPING THE PEOPLE WE SERVE STRIVE TOWARD INDEPENDENCE AND BECOME THRIVING MEMBERS OF THEIR COMMUNITIES.
CHILD WELFARE - THE FOUNDLING IS KNOWN LOCALLY, NATIONALLY, AND INTERNATIONALLY FOR OUR EVIDENCE-BASED PROGRAMS FOR CHILDREN, ADOLESCENTS, AND FAMILIES. EVIDENCE-BASED PROGRAMS ARE PROVEN TO BE THE MOST EFFECTIVE PROGRAMS TO STRENGTHEN FAMILIES AND PREVENT THE NEED FOR CHILD WELFARE SYSTEM INVOLVEMENT. THE SUCCESS OF THESE PROGRAMS RESULT IN MAJOR TAXPAYER SAVINGS, AND, MOST IMPORTANTLY, KEEPS FAMILIES SAFE, SUPPORTED, AND TOGETHER.
EDUCATION - AT THE NEW YORK FOUNDLING, WE SEE EDUCATION AS THE PATHWAY TO INDEPENDENCE. ALL OF OUR PROGRAMS LAY THE GROUNDWORK FOR HEALTHY DEVELOPMENT, WELLBEING, AND SELF-DETERMINATION BY TEACHING CRITICAL LIFE AND LEARNING SKILLS. WE UNDERSTAND THAT EDUCATION IS MUCH MORE THAN WHAT HAPPENS IN A CLASSROOM, AND INCLUDES FAMILIES LEARNING TO COMMUNICATE, INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES LEARNING JOB SKILLS, AND CHILDREN WHO HAVE EXPERIENCED TRAUMA LEARNING STUDY SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Baccaglini CEO Thru 1/22 (see Sch O) | Officer | 35 | $570,385 |
Jill Gentile Sr. VP Developmental Disab. | Officer | 35 | $287,201 |
Michael Kurtz Sr. VP & CFO | Officer | 35 | $286,169 |
Joseph Saccoccio Sr. VP - Medical Programs | Officer | 35 | $282,258 |
Carmen Jirau Rivera Executive VP & Cpo | Officer | 35 | $276,239 |
Ruth Gerson Sr. VP Mental Health Services | Officer | 35 | $246,938 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Worldwide Janitorial Service Janitorial Service | 6/29/22 | $1,198,038 |
Mg Security Services Llc Security | 6/29/22 | $858,250 |
Pride Healthcare Staffing Solutions | 6/29/22 | $750,437 |
Fft Partners Llc Consulting | 6/29/22 | $692,485 |
Seilevel Partners Lp Legal | 6/29/22 | $641,740 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $657,941 |
| Related organizations | $0 |
| Government grants | $93,209,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,410,986 |
| Noncash contributions included in lines 1a–1f | $3,059,033 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $101,278,646 |
| Total Program Service Revenue | $117,069,603 |
| Investment income | $3,905,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $37,402,091 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,298,147 |
| 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. | $2,606,839 |
| Compensation of current officers, directors, key employees. | $1,465,051 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,566,821 |
| Pension plan accruals and contributions | $3,529,116 |
| Other employee benefits | $11,443,774 |
| Payroll taxes | $12,736,439 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $697,040 |
| Fees for services: Accounting | $364,157 |
| Fees for services: Lobbying | $72,242 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $449,213 |
| Fees for services: Other | $7,850,364 |
| Advertising and promotion | $0 |
| Office expenses | $6,637,208 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,154,944 |
| Travel | $3,314,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $914,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,520,441 |
| Insurance | $2,473,047 |
| All other expenses | $6,386,841 |
| Total functional expenses | $219,576,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,752,004 |
| Savings and temporary cash investments | $3,354,443 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,814,656 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $540,000 |
| Inventories for sale or use | $44,029 |
| Prepaid expenses and deferred charges | $1,084,713 |
| Net Land, buildings, and equipment | $80,789,044 |
| Investments—publicly traded securities | $138,315,553 |
| Investments—other securities | $31,644,837 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,661,983 |
| Total assets | $316,001,262 |
| Accounts payable and accrued expenses | $26,989,023 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,153,312 |
| Escrow or custodial account liability | $473,854 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,113,404 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,183,955 |
| Total liabilities | $89,913,548 |
| Net assets without donor restrictions | $211,740,930 |
| Net assets with donor restrictions | $14,346,784 |
| 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 | $316,001,262 |