New York Cares Inc
- Assets
- $12.4m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 102
- Location
- New York, NY
- Founding
- 12/1990
- Data as of
- 09/2023
- EIN
- 13-3444193
Organization Overview
New York Cares Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, New York Cares Inc employed 102 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Cares 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 09/2023, New York Cares Inc generated $11.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $10.1m during the year ending 09/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MEET THE PRESSING COMMUNITY NEEDS BY MOBILIZING CARING NEW YORKERS IN VOLUNTEER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK CARES, INC. (THE ORGANIZATION") MEETS PRESSING COMMUNITY NEEDS BY MOBILIZING THOUSANDS OF CARING NEW YORKERS IN SERVICE EACH YEAR ON: (I) A WIDE VARIETY OF HANDS-ON, YEAR-ROUND VOLUNTEER PROJECTS, (II) CORPORATE-SPONSORED EMPLOYEE ENGAGEMENT OPPORTUNITIES, AND (III) SIGNATURE EVENTS (SUCH AS THE NEW YORK CARES COAT DRIVE, WINTER WISHES, AND STAND WITH STUDENTS). THE ORGANIZATION PARTNERS WITH NONPROFITS, SCHOOLS, AND DISASTER-RELIEF ORGANIZATIONS ("COMMUNITY PARTNERS") TO ADDRESS THEIR ONGOING VOLUNTEER RECRUITMENT NEEDS AND MANAGES TENS OF THOUSANDS OF PROJECTS ANNUALLY THAT SCALE IMPACT TO SERVE COMMUNITIES ACROSS NYC. SEE CONTINUATION IN SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul J Taubman President | OfficerTrustee | 1 | $0 |
Michael Graham Vice President | OfficerTrustee | 1 | $0 |
John B Ehrenkranz Vice President | OfficerTrustee | 1 | $0 |
Neil K Dhar Vice President | OfficerTrustee | 1 | $0 |
Keith A Grossman Secretary | OfficerTrustee | 1 | $0 |
Jeanne Straus Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jg Fundraising Advisors Fund-raising Counsel | 9/29/22 | $130,570 |
Reynolds Associates Staff Recruitment | 9/29/22 | $129,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,724,117 |
| Related organizations | $0 |
| Government grants | $2,300,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,736,946 |
| Noncash contributions included in lines 1a–1f | $477,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,761,959 |
| Total Program Service Revenue | $0 |
| Investment income | $184,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,986 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,944,076 |
| 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. | $641,272 |
| Compensation of current officers, directors, key employees. | $169,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,314,986 |
| Pension plan accruals and contributions | $44,101 |
| Other employee benefits | $533,211 |
| Payroll taxes | $391,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,200 |
| Fees for services: Lobbying | $37,260 |
| Fees for services: Fundraising | $90,106 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $13,509 |
| Advertising and promotion | $75,946 |
| Office expenses | $40,774 |
| Information technology | $642,702 |
| Royalties | $0 |
| Occupancy | $355,381 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,172 |
| Insurance | $91,453 |
| All other expenses | $0 |
| Total functional expenses | $10,070,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305,665 |
| Savings and temporary cash investments | $3,090,287 |
| Pledges and grants receivable | $2,678,391 |
| 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 | $694,255 |
| Net Land, buildings, and equipment | $9,813 |
| Investments—publicly traded securities | $4,644,249 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,422,660 |
| Accounts payable and accrued expenses | $733,171 |
| 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 | $278,395 |
| Total liabilities | $1,011,566 |
| Net assets without donor restrictions | $10,003,411 |
| Net assets with donor restrictions | $1,407,683 |
| 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 | $12,422,660 |