New York City Partnership Foundation Inc
- Assets
- $43.4m
- Revenue
- $7.2m
- Investments
- $79.2k
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 13-3202011
Organization Overview
New York City Partnership Foundation Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York City Partnership Foundation 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 12/2023, New York City Partnership Foundation Inc generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $9.0m during the year ending 12/2023. While expenses have increased by 16.2% per year over the past 6 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.
Since 2020, New York City Partnership Foundation Inc has awarded 21 individual grants totaling $14,551,447. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE ECONOMY OF NEW YORK CITY AND CONTRIBUTE DIRECTLY TO PROJECTS THAT CREATE JOBS, IMPROVE ECONOMICALLY DISTRESSED COMMUNITIES AND STIMULATE NEW BUSINESS CREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PORTFOLIO PROGRAM SERVICES PROVIDED FINANCIAL ASSISTANCE IN THE FORM OF LOANS TO EXISTING PROJECTS IN NEW YORK CITY. DURING 2023, OUR INNOVATION LABS STRATEGY ADVANCED THE APPLICATION OF NEW TECHNOLOGIES TO ADDRESS URBAN CHALLENGES, INCLUDING HELPING GOVERNMENT AGENCIES DELIVER SERVICES MORE EFFECTIVELY. INNOVATION LABS HAVE BEEN ESTABLISHED IN CRITICAL SECTORS WHERE TRANSFORMATIVE TECHNOLOGY SOLUTIONS CAN HAVE THE GREATEST IMPACT ON CITY INFRASTRUCTURE AND PUBLIC SERVICES AND THE NEW YORKERS WHO RELY ON THEM.
GRANTS TO AFFILIATE SUPPORTED THE PARTNERSHIP FOR NEW YORK CITY INC. POLICY DEVELOPMENT AND ANALYSIS ACTIVITIES RELATED TO ISSUES SUCH AS ECONOMIC DEVELOPMENT, EDUCATIONAL JOB CREATION, TRANSPORTATION, ENVIRONMENTAL SUSTAINABILITY, AND PUBLIC EDUCATION IN NEW YORK CITY.
THE DAVID ROCKEFELLER FELLOWS WAS ESTABLISHED IN 1989 AS A TRIBUTE TO THE CIVIC LEADERSHIP OF THE PARTNERSHIP FOR NEW YORK CITYS FOUNDING CHAIRMAN, AND TO EDUCATE AND ENGAGE A RISING GENERATION OF PRIVATE SECTOR LEADERS IN THE CIVIC NEEDS OF NEW YORK CITY SO THEY WILL BE ABLE TO TAKE AN ACTIVE ROLE IN SHAPING NEW YORK CITYS FUTURE. EACH YEAR APPROXIMATELY 30 FELLOWS ARE SELECTED TO PARTICIPATE IN MEETINGS AND SITE VISITS THAT WILL PROVIDE A NETWORK FOR PERSONAL LEADERSHIP DEVELOPMENT AND TO HELP FELLOWS BECOME AWARE OF THE OPPORTUNITIES FOR PUBLIC-PRIVATE PARTNERSHIPS AND THE BENEFITS OF THE PARTNERSHIPS BETWEEN THE CITY AND THEIR BUSINESS. THE FELLOWS MEET WITH A NUMBER OF CEOS FROM MEMBER COMPANIES OF THE PARTNERSHIP FOR NEW YORK CITY, INC., A RELATED ENTITY. THE PROGRAM COUNTS OVER 500 ALUMNI, MOST OF WHOM REMAIN ACTIVE IN ORGANIZATION ACTIVITIES ON AN ONGOING BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn S Wylde Vice President And Director | OfficerTrustee | 1.5 | $0 |
Maria Gotsch President And Director | OfficerTrustee | 15.92 | $0 |
Anthony Giugliano Treasurer | Officer | 4.5 | $0 |
Merrill Pond Executive Vice President - Partnership | $0 | ||
Jennifer Fine Executive Vice President - Partnership | $0 | ||
Peter M Cohen Secretary | Officer | 4.31 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Our Man In Havana Llc We Love Nyc Educational Campaign Consultant | 12/30/23 | $311,145 |
Grain Group Llc We Love Nyc Educational Campaign Consultant | 12/30/23 | $393,125 |
Girl And The Bay Llc We Love Nyc Educational Campaign Consultant | 12/30/23 | $101,292 |
Maryamb Llc We Love Nyc Educational Campaign Consultant | 12/30/23 | $1,801,434 |
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 | $5,453,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,453,600 |
| Total Program Service Revenue | $241,906 |
| Investment income | $1,344,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $176,189 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,216,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,145,816 |
| 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. | $717,710 |
| Compensation of current officers, directors, key employees. | $120,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,050 |
| Pension plan accruals and contributions | $21,607 |
| Other employee benefits | $64,514 |
| Payroll taxes | $32,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $787 |
| Fees for services: Accounting | $77,574 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,483 |
| Fees for services: Other | $2,961,831 |
| Advertising and promotion | $38,493 |
| Office expenses | $31,041 |
| Information technology | $127,450 |
| Royalties | $0 |
| Occupancy | $139,646 |
| Travel | $8,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $31,180 |
| All other expenses | $30,757 |
| Total functional expenses | $8,999,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,640,202 |
| Savings and temporary cash investments | $5,759,872 |
| Pledges and grants receivable | $4,000 |
| 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 | $80,213 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $31,001,204 |
| Investments—other securities | $79,205 |
| Investments—program-related | $3,811,365 |
| Intangible assets | $0 |
| Other assets | $24,031 |
| Total assets | $43,400,092 |
| Accounts payable and accrued expenses | $100,012 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $449,862 |
| Total liabilities | $549,874 |
| Net assets without donor restrictions | $37,739,335 |
| Net assets with donor restrictions | $5,110,883 |
| 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 | $43,400,092 |
Grants Awarded
Over the last fiscal year, New York City Partnership Foundation Inc has awarded $4,145,816 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE PARTNERSHIP FOR NEW YORK CITY INC PURPOSE: Policy development | $200,000 |
BREAKING GROUND HOUSING DEVELOPMENT FUND CORPORATION PURPOSE: Homeless Assistance Fund | $3,945,816 |