The Partnership For New York City Inc
- Assets
- $50.3m
- Revenue
- $10.3m
- Investments
- $721.4k
- Employees
- 42
- Location
- New York, NY
- Founding
- 04/1996
- Data as of
- 12/2021
- EIN
- 13-3056559
Organization Overview
The Partnership For New York City Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Partnership For New York City Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partnership For New York City 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 12/2021, Partnership For New York City Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. While expenses have increased by 3.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP AND OUTREACH THE PARTNERSHIP IS A NONPROFIT MEMBERSHIP ORGANIZATION COMPRISED OF A SELECT GROUP OF APPROXIMATELY TWO HUNDRED FIFTY CEOS PARTNERS FROM NEW YORK CITYS TOP CORPORATE, PROFESSIONAL SERVICES AND INVESTMENT FIRMS AND REPRESENTATIVES OF THE ENTREPRENEURIAL AND SMALL BUSINESS SECTOR ASSOCIATE PARTNERS. MEMBERS WORK CLOSELY WITH GOVERNMENT, LABOR AND THE NONPROFIT SECTOR TO ENHANCE THE ECONOMY, IMPROVE PUBLIC EDUCATION, AND UPGRADE THE INFRASTRUCTURE OF NEW YORK. THE PARTNERSHIP HOLDS MORE THAN 100 MEETINGS EACH YEAR WITH LEADERS OF GOVERNMENT, BUSINESS, LABOR, AND THE CIVIC SECTOR.
GOVERNMENT AFFAIRS THE PARTNERSHIP IS A RESOURCE TO PUBLIC SECTOR DECISION-MAKERS AT THE CITY, STATE AND FEDERAL LEVELS OF GOVERNMENT, PROVIDING EXPERTISE AND ADVICE ON ISSUES THAT AFFECT ECONOMIC GROWTH, BUSINESS DEVELOPMENT AND JOB CREATION.
RESEARCH AND POLICY THE PARTNERSHIP CONDUCTS RESEARCH, SURVEYS AND ANALYSIS OF ISSUES AND PROJECTS THAT WILL HAVE AN IMPACT ON THE LOCAL AND STATE ECONOMY. IN 2021, THE PARTNERSHIP CONTINUED TO ASSIST THE NEW YORK CITY DEPARTMENT OF EDUCATION DOE ON CAREER AND TECHNICAL EDUCATION INITIATIVES BY INCREASING INDUSTRY ENGAGEMENT OVERALL. THE PARTNERSHIP HOLDS A LEADERSHIP ROLE ON THE CITYWIDE ADVISORY COUNCIL ON CAREER AND TECHNICAL EDUCATION, WHICH PROVIDES INDUSTRY INPUT INTO CURRICULUM, POLICY RECOMMENDATIONS TO SUPPORT CAREER AND TECHNICAL EDUCATION AND ACTS AS AN ONGOING RESOURCE FOR THE DOE. IN 2020-2021, THE PARTNERSHIP CONTINUED ITS WORK IN CORPORATE SOCIAL RESPONSIBILITY WITH A FOCUS ON THE WORK IN EDUCATION AND WORKFORCE DEVELOPMENT THAT INDIVIDUAL MEMBER COMPANIES ARE ALREADY UNDERTAKING. THE PARTNERSHIP WORKED ALONGSIDE THE INCOMING MAYORAL ADMINISTRATION, MEMBER COMPANIES AND PARTNER ORGANIZATIONS TO CREATE A NEW CITY-WIDE FRAMEWORK AS WELL AS A JOB MATCHING PLATFORM TO OPEN THE CITYS EDUCATION AND WORKFORCE DEVELOPMENT ECOSYSTEM TO THE UNEMPLOYED AND UNDEREMPLOYED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn S Wylde President/ceo | OfficerTrustee | 46.95 | $1,342,206 |
Maria Gotsch President - Fund | Officer | $710,856 | |
Anthony Giugliano Chief Financial Officer | Officer | 13.61 | $409,973 |
Jennifer Fine Executive Vice President | 40 | $301,802 | |
Peter M Cohen General Counsel - Fund | $271,504 | ||
Merrill Pond Executive Vice President | 37.8 | $265,332 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,500 |
| Total Program Service Revenue | $7,785,480 |
| Investment income | $1,185,269 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$27,945 |
| Net Gain/Loss on Asset Sales | $1,131,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,277,356 |
| 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. | $2,473,551 |
| Compensation of current officers, directors, key employees. | $355,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,147,433 |
| Pension plan accruals and contributions | $109,593 |
| Other employee benefits | $395,566 |
| Payroll taxes | $170,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,113 |
| Fees for services: Accounting | $181,405 |
| Fees for services: Lobbying | $61,350 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $146,039 |
| Fees for services: Other | $378,146 |
| Advertising and promotion | $0 |
| Office expenses | $101,415 |
| Information technology | $134,377 |
| Royalties | $0 |
| Occupancy | $1,004,981 |
| Travel | $27,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,306 |
| Interest | $3,311 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,223 |
| Insurance | $78,761 |
| All other expenses | $0 |
| Total functional expenses | $7,738,987 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324,045 |
| Savings and temporary cash investments | $745,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $216,613 |
| Net Land, buildings, and equipment | $1,123,168 |
| Investments—publicly traded securities | $44,086,218 |
| Investments—other securities | $721,412 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,018,851 |
| Total assets | $50,256,117 |
| Accounts payable and accrued expenses | $425,792 |
| Grants payable | $0 |
| Deferred revenue | $55,000 |
| 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 | $3,940,027 |
| Total liabilities | $4,420,819 |
| Net assets without donor restrictions | $45,053,477 |
| Net assets with donor restrictions | $781,821 |
| 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 | $50,256,117 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Partnership For New York City Inc has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
New York City Partnership Foundation Inc New York, NY PURPOSE: Civic engagement | $200,000 |
Endowment Analysis
| Beg. Balance | $528,088 |
| Earnings | $124,572 |
| Other Expense | $37,242 |
| Ending Balance | $615,418 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Telecom Infra Project Inc Wakefield, MA | $19,363,144 | $19,879,167 |
Northeast Gas Association Inc Needham, MA | $15,830,312 | $17,592,560 |
International Trademark Association Inc New York, NY | $31,452,258 | $17,397,846 |
American Association Of Advertising Agencies Inc New York, NY | $18,840,338 | $16,325,912 |
Northeast Power Coordinating Council Inc New York, NY | $13,480,521 | $16,289,125 |
The Toy Association Inc New York, NY | $44,631,259 | $11,487,921 |
Philadelphia Industrial Development Corp Philadelphia, PA | $40,435,799 | $13,493,986 |
Private Label Manufacturers Association New York, NY | $11,255,640 | $8,374,810 |
Pocono Mountains Vacation Bureau Inc Stroudsburg, PA | $11,737,684 | $15,325,542 |
Mohawk Valley Health System Utica, NY | $546,149,518 | $137,473,732 |
Acord Corporation Pearl River, NY | $47,591,189 | $27,875,680 |
National Kitchen & Bath Assoc Bethlehem, PA | $28,104,693 | $9,331,415 |