New York Cares Inc
- Assets
- $12.7m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 91
- Location
- New York, NY
- Founding
- 12/1990
- Data as of
- 09/2021
- 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 09/2021, New York Cares Inc employed 91 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 09/2021, New York Cares Inc generated $10.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $8.9m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEW YORK CARES MEETS PRESSING COMMUNITY NEEDS BY MOBILIZING CARING NEW YORKERS IN VOLUNTEER SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW YORK CARES' IMPACT PROGRAMS MEET THE CRITICAL NEEDS OF ESPECIALLY VULNERABLE POPULATIONS, SERVING 100,000+ NEW YORKERS AND DELIVERING 33 MILLION MEALS TO INDIVIDUALS EXPERIENCING FOOD INSECURITY EVERY YEAR. OUR PROGRAMS HARNESS THE POWER, PASSION, AND SKILLS OF 20,000 VOLUNTEERS ANNUALLY, AND RUN AT 650 NONPROFIT ORGANIZATION AND PUBLIC SCHOOLS SITES. OUR PROGRAMS COMBAT THE ROOT CAUSES OF INEQUITY, HELPING LOW-INCOME TEENS ACCESS SUPPORTS AS THEY APPLY TO COLLEGE; PROVIDING ACADEMIC TUTORING FOR CHILDREN FACING BARRIERS IN THE EDUCATION SYSTEM; DISTRIBUTING FOOD TO FOOD INSECURE FAMILIES, PROVIDING WELLNESS SERVICES FOR ISOLATED SENIORS AND VETERANS; AND SO MUCH MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Bagley Executive Director | Officer | 40 | $298,382 |
Edward Lada Chief Finance & Ops Officer | Officer | 40 | $201,222 |
David Deluca Chief Program Officer | 40 | $160,049 | |
Jennifer Beirne Chief Development Officer | 40 | $153,803 | |
Nyisha Holliday Chief Talent Officer | 40 | $137,101 | |
Sharon Knieper Dir, Information Technology | 40 | $129,947 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,401,602 |
| Related organizations | $0 |
| Government grants | $1,134,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,189,820 |
| Noncash contributions included in lines 1a–1f | $343,007 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,726,253 |
| Total Program Service Revenue | $0 |
| Investment income | $77,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,969 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,937,710 |
| 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. | $540,530 |
| Compensation of current officers, directors, key employees. | $43,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,204,333 |
| Pension plan accruals and contributions | $56,519 |
| Other employee benefits | $728,340 |
| Payroll taxes | $370,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,925 |
| Fees for services: Accounting | $41,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $66,703 |
| Fees for services: Investment Management | $15,224 |
| Fees for services: Other | $281,232 |
| Advertising and promotion | $67,385 |
| Office expenses | $121,385 |
| Information technology | $435,245 |
| Royalties | $0 |
| Occupancy | $552,946 |
| 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 | $33,579 |
| Insurance | $76,250 |
| All other expenses | $0 |
| Total functional expenses | $8,851,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,834 |
| Savings and temporary cash investments | $4,341,525 |
| Pledges and grants receivable | $1,666,789 |
| 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 | $451,763 |
| Net Land, buildings, and equipment | $51,735 |
| Investments—publicly traded securities | $5,022,734 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,673,380 |
| Accounts payable and accrued expenses | $554,126 |
| 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 | $340,138 |
| Total liabilities | $894,264 |
| Net assets without donor restrictions | $9,498,900 |
| Net assets with donor restrictions | $2,280,216 |
| 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 | $12,673,380 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New York Cares Inc has recieved totaling $30,370.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Sanguinity Foundation Setauket, NY PURPOSE: CHARITABLE CONTRIBUTION | $5,370 |
Endowment Analysis
| Beg. Balance | $4,410,132 |
| Earnings | $282,066 |
| Ending Balance | $4,692,198 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York Cares Inc New York, NY | $12,673,380 | $10,937,710 |
Team Impact Quincy, MA | $6,365,715 | $6,936,504 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Philadelphia, PA | $10,104,275 | $5,797,166 |
Donors Of Color Network Inc Brooklyn, NY | $9,312,843 | $11,449,203 |
Bain Capital Childrens Charity Ltd Boston, MA | $1,752,324 | $1,635,369 |
Volunteer Service Bureau Of Westchester Inc Tarrytown, NY | $1,300,599 | $1,573,164 |
Volunteer Center Of Bergen County Inc Hackensack, NJ | $1,011,526 | $1,519,256 |
Rsvp Volunteers King Of Prussia, PA | $564,421 | $1,056,707 |
Servants Inc Red Lion, PA | $201,163 | $976,458 |
Cusack Community Service Corporation Albany, NY | $3,241 | $179 |
Prime Produce Limited New York, NY | $1,278,363 | $1,790,350 |
American Friends Of Ruach Tova Inc South Orange, NJ | $54,972 | $390,990 |