Philanthropy New York Inc
- Assets
- $11.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 02/1980
- Data as of
- 12/2022
- 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 12/2022, Philanthropy New York Inc employed 20 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 12/2022, Philanthropy New York Inc generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $4.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 5 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
ENHANCES ABILITY OF ORGANIZATIONAL & INDIVIDUAL PHILANTHROPISTS TO SERVE THE PUBLIC GOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Austin Chair | OfficerTrustee | 5 | $0 |
Diahann Billings-Burford Vice Chair | OfficerTrustee | 2 | $0 |
Jacqueline Jones Vice Chair | OfficerTrustee | 2 | $0 |
Rosanna Aybar Treasurer | OfficerTrustee | 2 | $0 |
Teresa Younger Secretary | OfficerTrustee | 2 | $0 |
Laura Aden Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Chronicle Of Philantropy Services To Improve Non-profit Communica | 12/30/22 | $113,750 |
Impactfull Inc Project Managers For Fiscal Sponsor Prog | 12/30/22 | $110,000 |
Olo Acupuncture Pllc Health Initiative-acupuncture For First | 12/30/22 | $113,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $192,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,660,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,853,447 |
| Total Program Service Revenue | $104,472 |
| Investment income | $169,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,099,808 |
| 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. | $312,192 |
| Compensation of current officers, directors, key employees. | $63,704 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,469,882 |
| Pension plan accruals and contributions | $135,452 |
| Other employee benefits | $242,521 |
| Payroll taxes | $127,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,138 |
| Fees for services: Accounting | $15,250 |
| Fees for services: Lobbying | $18,959 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,763 |
| Fees for services: Other | $905,235 |
| Advertising and promotion | $0 |
| Office expenses | $21,686 |
| Information technology | $31,771 |
| Royalties | $0 |
| Occupancy | $456,454 |
| Travel | $56,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,799 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,793 |
| Insurance | $19,872 |
| All other expenses | $0 |
| Total functional expenses | $4,015,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152 |
| Savings and temporary cash investments | $4,399,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $47,106 |
| Net Land, buildings, and equipment | $235,815 |
| Investments—publicly traded securities | $4,696,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,229,508 |
| Total assets | $11,608,713 |
| Accounts payable and accrued expenses | $137,739 |
| Grants payable | $0 |
| Deferred revenue | $85,425 |
| 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 | $2,944,184 |
| Total liabilities | $3,167,348 |
| Net assets without donor restrictions | $4,167,706 |
| Net assets with donor restrictions | $4,273,659 |
| 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 | $11,608,713 |