Association For A Better New York Inc
- Assets
- $997.2k
- Revenue
- $1.2m
- Investments
- $468.0k
- Employees
- 7
- Location
- New York, NY
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 13-2672366
Organization Overview
Association For A Better New York Inc is located in New York, NY. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Association For A Better New York Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Association For A Better New York 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 12/2022, Association For A Better New York Inc generated $1.2m 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 (4.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 years. 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
TO PROMOTE THE ECONOMIC CLIMATE OF NEW YORK CITY AND STIMULATE THE INTERESTS OF ITS CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ABNY BREAKFAST AND LUNCHEON EVENTS OFFER MEMBERS AND THE PUBLIC THE OPPORTUNITY TO HEAR FROM LEADERS IN BUSINESS, GOVERNMENT, AND NONPROFIT SECTORS ADDRESSING THE CIVIC ISSUES OF THE DAY.
OTHER MEETINGS AND EVENTS TO EDUCATE NEW YORKERS ON POLICY ISSUES FACING THE CITY AND THE STATE AND TO ALLOW FOR INDIVIDUALS AND ORGANIZATIONS TO MEET TO DISCUSS AND EXCHANGE IDEAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Rubenstein Chairman | OfficerTrustee | 10 | $0 |
Alan Van Capelle Treasurer | OfficerTrustee | 2 | $0 |
Michelle Adams Director | Trustee | 2 | $0 |
Vincent Alvarez Director | Trustee | 2 | $0 |
Gregg Bishop Director | Trustee | 2 | $0 |
Samantha Rudin Earls Director | Trustee | 2 | $0 |
Financial Statements
| 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 | $1,130,675 |
| Investment income | $6,773 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,441 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,241,639 |
| 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. | $410,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,825 |
| Pension plan accruals and contributions | $15,376 |
| Other employee benefits | $46,395 |
| Payroll taxes | $32,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,844 |
| Fees for services: Other | $5,240 |
| Advertising and promotion | $34,062 |
| Office expenses | $1,826 |
| Information technology | $5,185 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,082 |
| Insurance | $6,803 |
| All other expenses | $35,866 |
| Total functional expenses | $1,341,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $216,977 |
| Savings and temporary cash investments | $576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $268,400 |
| 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 | $7,382 |
| Net Land, buildings, and equipment | $6,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $468,002 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,912 |
| Total assets | $997,229 |
| Accounts payable and accrued expenses | $68,931 |
| Grants payable | $0 |
| Deferred revenue | $496,874 |
| 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 | $565,805 |
| Net assets without donor restrictions | $431,424 |
| 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 | $997,229 |