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 12/2022, Partnership For New York City Inc employed 38 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 12/2022, Partnership For New York City Inc generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. 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
THE PARTNERSHIP IS A NONPROFIT MEMBERSHIP ORGANIZATION COMPRISED OF BUSINESS LEADERS WHO SHARE A COMMITMENT TO THE ECONOMIC WELL-BEING OF NEW YORK CITY AND STATE. MEMBERS WORK CLOSELY WITH GOVERNMENT, LABOR AND THE NONPROFIT SECTOR TO ADVANCE POLICIES AND PROJECTS THAT SUPPORT ECONOMIC GROWTH, IMPROVE PUBLIC EDUCATION, AND UPGRADE THE INFRASTRUCTURE. THE PARTNERSHIP IS A RESOURCE TO PUBLIC SECTOR DECISION-MAKERS AT THE CITY STATE, AND FEDERAL LEVELS OF GOVERNMENT, PROVIDING INFORMATION AND ANALYSIS IN ADDITION TO EXPERTISE AND ADVICE ON ISSUES THAT AFFECT ECONOMIC GROWTH, BUSINESS DEVELOPMENT, AND JOB CREATION. THE PARTNERSHIP CONDUCTS RESEARCH, SURVEYS, AND ANALYSIS OF ISSUES AND PROJECTS THAT WILL HAVE AN IMPACT ON THE LOCAL AND STATE ECONOMY. THE PRODUCTS OF ITS WORK ARE USED TO EDUCATE THE PUBLIC AND POLICY-MAKERS.
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 CITY'S 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 90 MEETINGS EACH YEAR WITH LEADERS OF GOVERNMENT, BUSINESS, LABOR, AND THE CIVIC SECTOR.
PROGRAM SERVICE EXPENSES: $382,120, GRANTS AND ALLOCATIONS: 0, REVENUE: 0 TRANSIT INNOVATION PARTNERSHIP (THE TIP), INCLUDED THE TRANSIT TECH LAB, CO-FOUNDED BY THE MTA AND THE PARTNERSHIP FUND FOR NEW YORK CITY TO MAKE NEW YORK THE GLOBAL LEADER IN PUBLIC TRANSIT, PROVIDES A PATHWAY FOR GROWTH-STAGE COMPANIES TO EFFICIENTLY SOLVE PUBLIC TRANSPORTATION CHALLENGES. WINNERS OF PREVIOUS COMPETITIONS INCLUDE REMIX, A COLLABORATIVE DIGITAL PLATFORM USED TO REDESIGN THE BUS ROUTES, AXON VIBE, WHICH BUILT THE ESSENTIAL CONNECTOR SMARTPHONE APP TO HELP ESSENTIAL WORKERS PLAN JOURNEYS DURING OVERNIGHT SUBWAY DISINFECTION CLOSURES, AND NAVILENS, WHICH ENABLES VISUALLY IMPAIRED AND LIMITED ENGLISH PROFICIENCY NEW YORKERS TO BETTER NAVIGATE THE SUBWAY AND BUS SYSTEMS.
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 2022, THE PARTNERSHIP CONTINUED TO ASSIST THE NEW YORK CITY PUBLIC SCHOOLS (NYCPS) ON CAREER-CONNECTED LEARNING INITIATIVES BY INCREASING INDUSTRY ENGAGEMENT OVERALL. THE PARTNERSHIP HOLDS A LEADERSHIP ROLE ON THE CITYWIDE STUDENT PATHWAYS ADVISORY COUNCIL, WHICH PROVIDES INDUSTRY INPUT INTO CURRICULUM, POLICY RECOMMENDATIONS TO SUPPORT CAREER-CONNECTED LEARNING AND ACTS AS AN ONGOING RESOURCE FOR NYCPS. IN 2022, THE PARTNERSHIP CONTINUED ITS WORK IN CORPORATE SOCIAL RESPONSIBILITY WITH A FOCUS ON SUPPORTING THE WORK IN EDUCATION AND WORKFORCE DEVELOPMENT THAT INDIVIDUAL MEMBER COMPANIES ARE ALREADY UNDERTAKING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kathryn S Wylde President/ceo | OfficerTrustee | 47.42 | $1,453,273 |
Albert Bourla Co-Chair | Trustee | 0.2 | $0 |
Rob Speyer Co-Chair | Trustee | 0.2 | $0 |
Jane Fraser Vice Chair | Trustee | 0.2 | $0 |
Kewsong Lee Vice Chair | Trustee | 0.2 | $0 |
Kevin P Ryan Vice Chair | Trustee | 0.25 | $0 |
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 | $8,944,480 |
Investment income | $833,397 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$39,334 |
Net Gain/Loss on Asset Sales | $121,080 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,070,648 |
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. | $2,607,263 |
Compensation of current officers, directors, key employees. | $946,007 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,091,573 |
Pension plan accruals and contributions | $108,882 |
Other employee benefits | $387,270 |
Payroll taxes | $159,388 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $186,767 |
Fees for services: Lobbying | $32,750 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $133,279 |
Fees for services: Other | $264,935 |
Advertising and promotion | $2,500 |
Office expenses | $115,145 |
Information technology | $202,660 |
Royalties | $0 |
Occupancy | $882,744 |
Travel | $50,005 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,903 |
Interest | $2,773 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $127,219 |
Insurance | $88,936 |
All other expenses | $0 |
Total functional expenses | $7,649,704 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,320,168 |
Savings and temporary cash investments | $1,955,741 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $75,000 |
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 | $205,235 |
Net Land, buildings, and equipment | $937,871 |
Investments—publicly traded securities | $37,440,396 |
Investments—other securities | $885,142 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,353,375 |
Total assets | $55,172,928 |
Accounts payable and accrued expenses | $448,507 |
Grants payable | $0 |
Deferred revenue | $200,000 |
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 | $12,883,249 |
Total liabilities | $13,531,756 |
Net assets without donor restrictions | $41,091,483 |
Net assets with donor restrictions | $549,689 |
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 | $55,172,928 |