Philanthropy New York Inc
- Assets
- $10.5m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 02/1980
- Data as of
- 12/2021
- EIN
- 13-3001403
Organization Overview
Philanthropy New York Inc is located in New York, NY. The organization was established in 1980. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Philanthropy New York Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropy New York 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 12/2021, Philanthropy New York Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCES ABILITY OF ORGANIZATIONAL & INDIVIDUAL PHILANTHROPISTS TO SERVE THE PUBLIC GOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLABORATIVE PROGRAMS: PHILANTHROPY NEW YORK SERVES AS A FISCAL SPONSOR TO THREE INDEPENDENT FUNDER PROJECTS, EACH OF WHICH INCLUDE PNY MEMBERS, THAT HELP TO ADVANCE CRITICALLY IMPORTANT ISSUES IN THE FIELD. THESE PROJECTS INCLUDE FUNDERS WORKING ON ISSUES RELATED TO THE DEVELOPMENT OF ASSETS, ADVANCING THE CAREERS OF BLACK PROFESSIONALS IN PHILANTHROPY, BOARD DEVELOPMENT, AND OTHER CRITICAL TOPICS.
MEMBER SERVICES: PHILANTHROPY NEW YORK FACILITATES FUNDER EDUCATION, COLLABORATION, AND LEADERSHIP DEVELOPMENT BY MANAGING PEER-TO-PEER ROLE-BASED NETWORKS, ISSUE-BASED WORKING GROUPS, EDUCATIONAL PROGRAMS AND LEADERSHIP DEVELOPMENT PROGRAMS. IN 2020, PHILANTHROPY HELD 336 PROGRAMS, WHICH INCLUDED 42 IN-PERSON EVENTS AND 294 VIRTUAL EVENTS, IN LIGHT OF WORKING REMOTELY DUE TO THE PANDEMIC. THESE PROGRAMS ADDRESSED THE PROFESSIONAL AND LEADERSHIP DEVELOPMENT OF GRANTMAKERS, PUBLIC POLICY AND TOPICS RELATED TO MEMBER FUNDING PRIORITIES. SINCE PHILANTHROPY NEW YORK HAS MADE A COMMITMENT TO RACIAL EQUITY, WE HAVE ALSO SOUGHT TO ENSURE THAT PROGRAMS INCLUDE AN EQUITY LENS ON THE ISSUES PRESENTED.
COMMUNICATIONS AND PUBLIC POLICY: PHILANTHROPY NEW YORK ENGAGES IN POLICY WORK THAT HELPS OUR MEMBERS INTERPRET AND ACT ON KEY ISSUES RELATED TO HEALTH, EDUCATION, JUSTICE REFORM AND THE ENVIRONMENT. PHILANTHROPYNEW YORK CONNECTS MEMBERS TO POLICYMAKERS AND ACTS ON LOCAL, STATE, AND FEDERAL PUBLIC POLICY ISSUES THAT PROMOTE A HEALTHY NONPROFIT FIELD AND BUILD STRONGER MORE EQUITABLE SYSTEMS AND COMMUNITIES.PHILANTHROPY NEW YORK'S COMMUNICATIONS ACTIVITIES ARE A KEY ELEMENT TO ADVANCING OUR VISION OF A MORE EQUITABLE AND SUSTAINABLE SOCIETY. WE COMMUNICATE WITH FUNDERS TO ENGAGE THEM IN EDUCATIONAL PROGRAMS, SHARE KNOWLEDGE ACROSS THE SECTOR, ANDAMPLIFY CRITICAL ISSUES RELATED TO RACIAL EQUITY AND SOCIAL POLICY. CORE COMMUNICATIONS INCLUDE A WEEKLY NEWSLETTER, QUARTERLY CEO MESSAGE, CURATED OPINION PIECES FROM ACROSS THE PHILANTHROPIC SECTOR, OUR WEBSITE, AND A MODEST SOCIAL MEDIA PRESENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn O'neal-Dunham Chief Executive Officer | Officer | 55 | $243,534 |
Kristin Ruff Senior Vice President | 55 | $175,240 | |
Marlon H Williams Vice President Of Collaboration & Policy | 45 | $144,692 | |
Hajrina Shehu Vice President Of Finance | 45 | $132,952 | |
Yi-Ching Vice President Of Member Ser | 45 | $128,861 | |
Ronna Brown President (retired) | Officer | 55 | $47,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $196,575 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,615,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,811,874 |
| Total Program Service Revenue | $49,768 |
| Investment income | $106,239 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $83,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,060,793 |
| 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. | $530,971 |
| Compensation of current officers, directors, key employees. | $115,618 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,734 |
| Pension plan accruals and contributions | $88,600 |
| Other employee benefits | $132,274 |
| Payroll taxes | $108,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,100 |
| Fees for services: Accounting | $14,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,277 |
| Fees for services: Other | $394,773 |
| Advertising and promotion | $0 |
| Office expenses | $23,564 |
| Information technology | $25,028 |
| Royalties | $0 |
| Occupancy | $307,447 |
| Travel | $28,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,267 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,103 |
| Insurance | $19,108 |
| All other expenses | $0 |
| Total functional expenses | $3,075,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $168 |
| Savings and temporary cash investments | $3,907,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,800 |
| 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 | $110,402 |
| Net Land, buildings, and equipment | $764,734 |
| Investments—publicly traded securities | $5,690,651 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,485,290 |
| Accounts payable and accrued expenses | $207,840 |
| Grants payable | $0 |
| Deferred revenue | $86,925 |
| 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 | $1,074,986 |
| Total liabilities | $1,369,751 |
| Net assets without donor restrictions | $4,860,314 |
| Net assets with donor restrictions | $4,255,225 |
| 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 | $10,485,290 |
Grants Recieved
Over the last fiscal year, we have identified 74 grants that Philanthropy New York Inc has recieved totaling $1,754,580.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $300,000 |
Booth Ferris Foundation Chicago, IL PURPOSE: GENERAL | $218,100 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO PROVIDE GENERAL OPERATING SUPPORT FOR THE CHRONICLE OF PHILANTHROPY. | $75,000 |
Robert Sterling Clark Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $55,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE NEW PARTNERSHIP FOR NEW YORK'S FUTURE INITIATIVE | $50,000 |
The Wallace Foundation New York, NY PURPOSE: FOR GENERAL OPERATING SUPPORT. | $49,250 |
Endowment Analysis
| Beg. Balance | $5,934,025 |
| Net Contributions | $2,414,419 |
| Other Expense | $1,504,167 |
| Ending Balance | $6,844,277 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philanthropy New York Inc New York, NY | $10,485,290 | $4,060,793 |
Grantmakers In The Arts Bronx, NY | $3,825,984 | $2,308,802 |
New England Health Care Emp Union & Ct Nursing Hm Traing & Upgd Fnd Hartford, CT | $1,960,905 | $2,104,080 |
Western New York Grantmakers Association Inc Syracuse, NY | $1,728,088 | $1,086,609 |
Foundation Financial Officers Group Inc Mt Royal, NJ | $1,027,476 | $966,195 |
National Association Of Corporate Directors Boston, MA | $1,367,793 | $869,422 |
Massachusetts Charitable Mechanic Association Quincy, MA | $4,186,500 | $833,377 |
University Associates Philanthropic Foundation Inc New York, NY | $31,741 | $11,696 |
New York Medical College Voluntary Employees Beneficiary Association Pittsburgh, PA | $4,020,995 | $563,233 |
Long Island Networking Elite Inc Huntington, NY | $42,869 | $337,964 |
Association Of Fundraising Professionals New York, NY | $462,920 | $209,001 |
Saranac Lake Voluntary Health Association Inc Saranac Lake, NY | $2,884,234 | $339,547 |