Economic Club Of New York

Organization Overview

Economic Club Of New York is located in New York, NY. The organization was established in 1938. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2023, Economic Club Of New York employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Club Of New York 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 12/2023, Economic Club Of New York generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ECONOMIC CLUB OF NEW YORK IS A NONPROFIT, NONPARTISAN, NONPOLITICAL ORGANIZATION DEDICATED TO THE PROMOTION OF THE STUDY AND DISCUSSION OF SOCIAL, ECONOMIC AND POLITICAL QUESTIONS. FOR MORE THAN A CENTURY, THE CLUB HAS SERVED AS THE PREMIER PUBLIC FORUM FOR THOUGHT LEADERS OF THE UNITED STATES AND THE WORLD, TO EXPRESS A DIVERSE SET OF VIEWS AND OPINIONS IN A FREE AND OPEN ENVIRONMENT. BY EMBRACING AND PROMOTING FREE EXPRESSION OF DIVERSE VIEWS AND OPINIONS, THE CLUB EFFECTIVELY ACTS AS A CATALYST FOR INNOVATION IN THOUGHT AND IDEAS IMPACTING SOCIAL, ECONOMIC AND POLITICAL ISSUES FACING SOCIETY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SIGNATURE LUNCHEONS AND OTHER EVENT TYPES: IN 2023, MORE THAN 5,000 MEMBERS AND GUESTS ATTENDED OUR 50 SIGNATURE EVENTS WHICH, AMONG MANY OTHERS, INCLUDED CONVERSATIONS WITH THE CHAIR OF THE FEDERAL RESERVE OF THE UNITED STATES JEROME POWELL, PRIME MINISTER OF JAPAN FUMIO KISHIDA, FORMER CEO OF XPO LOGISTICS BRAD JACOBS, AND HENRY KISSINGER. IN ADDITION, THE CLUB RECOGNIZED FORMER CEO OF MICROSOFT BILL GATES WITH THE PETERSON LEADERSHIP EXCELLENCE AWARD. IN ADDITION TO ITS REGULAR PROGRAMMING, THE CLUB LAUNCHED THE NYC ROUNDTABLE SERIES AT THE END OF 2022, AND EQUITY & INCLUSION PROGRAMMING IN 2020, BOTH OF WHICH CONTINUE TODAY.


MEMBERSHIP, CENTENNIAL & SALON: FOR OVER 117 YEARS, THE CLUB'S MEMBERS, DRAWN FROM SENIOR PUBLIC AND PRIVATE LEADERS, HAVE HAD THE OPPORTUNITY TO ENGAGE WITH EXPERT GUEST SPEAKERS INCLUDING ECONOMIC POLICYMAKERS, BUSINESS LEADERS AND GOVERNMENT OFFICIALS. THE CENTENNIAL SOCIETY IS CONSIDERED THE FINANCIAL BACKBONE OF THE CLUB AND PROVIDES A FORUM FOR OUR MOST ACTIVE MEMBERS TO CONNECT WITH EACH OTHER AND TO PROMOTE THE CLUB AS THE PREMIER NONPOLITICAL PUBLIC FORUM FOR THOUGHT LEADERS TO EXPRESS DIVERSE VIEWS AND OPINIONS IN A FREE AND OPEN ENVIRONMENT. CENTENNIAL SOCIETY MEMBERS ALSO HAVE THE OPPORTUNITY TO PARTICIPATE IN A SPECIAL OFF-THE-RECORD SALON SERIES. SALON SERIES SPEAKERS IN 2023 INCLUDED WILLIAM DUDLEY, FUMIO KISHIDA AND MEMBERS OF THE US HOUSE SELECT COMMITTEE ON THE CHINESE COMMUNIST PARTY.


NEXT GENERATION: THE CLUB IS COMMITTED TO DEVELOPING TALENTED BUSINESS AND ECONOMIC LEADERS THROUGHOUT THE VARIOUS STAGES OF THEIR CAREERS. THIS PIPELINE INCLUDES COMPLIMENTARY EVENT TICKETS FOR STUDENTS, SPECIALIZED PROGRAMMING FOR RISING EXECUTIVES WITH 7 TO 15 YEARS OF EXPERIENCE (ECNY FELLOWS), AND A TERMED MEMBERSHIP FOR MID-LEVEL EXECUTIVES UNDER THE AGE OF 45 (ASSOCIATE MEMBERS). IN 2023, NEARLY 2,200 STUDENTS FROM MORE THAN 15 COLLEGES AND UNIVERSITIES ATTENDED ECNY EVENTS. THE 71 FELLOWS OF THE CLASS OF 2023 WERE ALSO THE INAUGURAL COMPETITORS IN THE ECNY INNOVATION AND SOCIAL IMPACT CHALLENGE PROGRAM. ASSOCIATE MEMBERS ARE MID-LEVEL EXECUTIVES UNDER THE AGE OF 45 WHO GAIN ACCESS TO THE CLUB'S NETWORKING RESOURCES AND UNPARALLELED EVENTS FOR A 5-YEAR TERM. IN 2023, THE CLUB HAD 115 ASSOCIATE MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
John C Williams
Chair
$0
Dan Schulman
Vice Chair
$0
Robert Steel
Vice Chair
$0
Ajay Baga
Vice Chair
$0
Marie-Josee Kravis
Chair Emeritus
$0
Edward Cox
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,470,283
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,115,450
Noncash contributions included in lines 1a–1f $70,664
Total Revenue from Contributions, Gifts, Grants & Similar$2,585,733
Total Program Service Revenue$1,758,298
Investment income $252,010
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $175,031
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,771,072

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