Broadway Cares-Equity Fights Aids Inc
- Assets
- $14.1m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 129
- Location
- New York, NY
- Founding
- 01/1994
- Data as of
- 09/2022
- EIN
- 13-3458820
Organization Overview
Broadway Cares-Equity Fights Aids Inc is located in New York, NY. The organization was established in 1994. 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 09/2023, Broadway Cares-Equity Fights Aids Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broadway Cares-Equity Fights Aids 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 09/2022, Broadway Cares-Equity Fights Aids Inc generated $24.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $26.5m during the year ending 09/2022. While expenses have increased by 3.4% 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.
Since 2015, Broadway Cares-Equity Fights Aids Inc has awarded 3,361 individual grants totaling $123,110,987. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT GRANTS TO AIDS SERVICE ORGANIZATIONS TO PROVIDE DIRECT SERVICES, FOOD SERVICES, EMERGENCY ASSISTANCE AND HARM REDUCTION TO PERSONS LIVING WITH HIV/AIDS AND TO PROMOTE PREVENTION PROGRAMS AND RESEARCH. GRANTS IN SUPPORT OF RELATED WOMEN'S HEALTH PROGRAMS AND FOR HEALTH CLINIC FACILITIES FOR THE UNINSURED IN THE ENTERTAINMENT INDUSTRY. GRANTS ARE MADE TO OVER 500 ORGANIZATIONS NATIONWIDE.
OUTREACH PROGRAMS TO PROVIDE INFORMATION, INCREASE AWARENESS, AND PROMOTE PUBLIC SUPPORT FOR MEN, WOMEN AND FAMILIES LIVING WITH AND/OR AFFECTED BY HIV/AIDS. THESE PROGRAMS ARE NATIONWIDE AND PROMOTE RED RIBBON RETAIL ITEMS, THEATER COMMUNITY OUTREACH ACTIVITIES, SCHOOL AND COLLEGE THEATER PROGRAM OUTREACH, AND DANCE STUDIO AND CONVENTION PROGRAM OUTREACH. THESE PROGRAMS REACH THOUSANDS OF YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Arthur Trustee | Trustee | 2 | $0 |
Cornelius Baker Trustee | Trustee | 2 | $0 |
Joseph Benincasa Chairman Nominating Committee | OfficerTrustee | 2 | $0 |
David Binder Trustee | Trustee | 2 | $0 |
Philip Birsh Treasurer/chairman Audit Committee | OfficerTrustee | 2 | $0 |
Chris Boneau Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,967,980 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,829,967 |
| Noncash contributions included in lines 1a–1f | $365,884 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,797,947 |
| Total Program Service Revenue | $0 |
| Investment income | $19,943 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,581 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,168 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,900,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,803,549 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $238,050 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $558,077 |
| Compensation of current officers, directors, key employees. | $97,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,754,448 |
| Pension plan accruals and contributions | $300,824 |
| Other employee benefits | $1,069,699 |
| Payroll taxes | $359,858 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,576 |
| Advertising and promotion | $308,010 |
| Office expenses | $356,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $892,002 |
| Travel | $115,811 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,357 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,936 |
| Insurance | $41,277 |
| All other expenses | $251,595 |
| Total functional expenses | $26,500,540 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,761,419 |
| Savings and temporary cash investments | $11,154,629 |
| Pledges and grants receivable | $277,437 |
| Accounts receivable, net | $28,414 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $334,576 |
| Prepaid expenses and deferred charges | $180,082 |
| Net Land, buildings, and equipment | $92,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $224,338 |
| Total assets | $14,053,532 |
| Accounts payable and accrued expenses | $194,293 |
| 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 | $0 |
| Total liabilities | $194,293 |
| Net assets without donor restrictions | $13,004,865 |
| Net assets with donor restrictions | $854,374 |
| 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 | $14,053,532 |
Grants Awarded
Over the last fiscal year, Broadway Cares-Equity Fights Aids Inc has awarded $16,331,653 in support to 463 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCING CONNECTICUT TOGETHERNAT'L WORKING POSITIVE COALITION PURPOSE: UNRESTRICTED GENERAL SUPPORT | $12,500 |
ADVOCATES FOR YOUTH PURPOSE: UNRESTRICTED GENERAL SUPPORT | $20,000 |
AID UPSTATE PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
AIDS ACTION BALTIMORE INC PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
1 IN 6 INC PURPOSE: UNRESTRICTED GENERAL SUPPORT | $11,000 |
2ND ACT ORG PURPOSE: UNRESTRICTED GENERAL SUPPORT | $7,500 |