Greyston Foundation Inc is located in Yonkers, NY. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Greyston Foundation Inc employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greyston 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 12/2021, Greyston Foundation Inc generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 6.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREYSTON UNLOCKS THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE ARE LEADING THE EFFORT TO DEVELOP EFFECTIVE SOLUTIONS THAT ADDRESS THE UNDERLYING CAUSES OF EMPLOYMENT CHALLENGES THROUGH OUR NEW GREYSTON EMPLOYMENT OPPORTUNITY CENTER (GEOC.) THE GEOC PROVIDES SERVICES IN FOUR AREAS: INCLUSIVE HIRING SERVICES, TRANSITIONAL EMPLOYMENT, WORKFORCE DEVELOPMENT, AND PROGRAMS FOR YOUNG ADULTS. IN 2021, GREYSTON GENERATED $11.2 MILLION IN POSITIVE ECONOMIC IMPACT IN OUR LOCAL COMMUNITY. INCLUSIVE HIRING SERVICESGREYSTON PROVIDES SUPPORT TO BUSINESSES IN ADOPTING INCLUSIVE HIRING PRACTICES THROUGH MENTORING, AN ELEARNING PORTAL, DATA COLLECTION, AND RECRUITMENT. THESE PROGRAMS ARE DEDICATED TO THE REPLICATION OF GREYSTON'S OPEN HIRING MODEL AND/OR VARIATIONS THEREOF. OUR INCLUSIVE HIRING SERVICES HAVE REALIZED 1,350 NEW JOBS SINCE INCEPTION. INCLUSIVE HIRING HAS BEEN SHOWN TO: REDUCE TIME-TO-HIRE BY 80%, REDUCE HIRING COSTS UP TO 93%, INCREASE POSITIVE PERCEPTION OF WORK CULTURE AND TRUST IN EMPLOYER, AND GENERATE POSITIVE ECONOMIC IMPACT DIRECTLY TO THE LOCAL COMMUNITY.TRANSITIONAL EMPLOYMENTGREYSTON PROVIDE RE-ENTRY SERVICES FOR JUSTICE-INVOLVED INDIVIDUALS, GIVING THEM AN OPPORTUNITY TO REENTER SOCIETY WITH DIGNITY. GREYSTON SERVES AN AVERAGE OF 75 RECENTLY RELEASED CITIZENS ANNUALLY THROUGH OUR APPRENTICESHIP PROGRAMS. THROUGH THESE SERVICES, THE RECIDIVISM RATE AMONG PROGRAM PARTICIPANTS IS 4.2%, COMPARED TO A NATIONAL RATE OF 44%.WORKFORCE DEVELOPMENTGREYSTON PROVIDES INDUSTRY-RECOGNIZED CERTIFICATION, OCCUPATIONAL TRAINING, AND EDUCATION PROGRAMS IN HIGH-DEMAND SECTORS SUCH AS IT, HEALTHCARE, BUSINESS, CONSTRUCTION, SECURITY, AND HOSPITALITY. STUDENTS EARN AN AVERAGE OF 24% ABOVE THE MINIMUM WAGE IN NEW YORK STATE. IN 2021, GREYSTON SERVED 116 INDIVIDUALS WHO COMPLETED WORKFORCE TRAINING. GREYSTON PROVIDED CASE MANAGEMENT SERVICES TO OVER 100 INDIVIDUALS IN 2021. MORE THAN TWO-THIRDS OF CASE MANAGEMENT CLIENTS RECEIVED 2 OR MORE SERVICES.PROGRAMS FOR YOUNG ADULTSGREYSON PROVIDES INTERPERSONAL AND OCCUPATIONAL TRAINING PROGRAMS PAIRED WITH COMPREHENSIVE CASE MANAGEMENT TO YOUNG ADULTS. UPON COMPLETION OF TRAINING, CLIENTS ARE CONNECTED TO INTERNSHIPS, APPRENTICESHIPS, AND/OR JOB PLACEMENT IN ADDITION TO A FULL YEAR OF WRAPAROUND SOCIAL SERVICES. GREYSTON HAS SERVED 248 INDIVIDUALS SERVED SINCE THE PROGRAM'S INCEPTION, 187 PARTICIPANTS RECEIVED NATIONALLY ACCREDITED JOB SKILLS TRAINING, AND 136 GRADUATES PLACED IN FULL-TIME POSITIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Joseph D Kenner President | OfficerTrustee | 32 | $291,831 |
Dorothy P Jennings VP Strategic Programs | 40 | $144,195 | |
Julie A Tedford VP Of Fin & Ops | Officer | 32 | $132,479 |
Kemraj Jewth Corporate Controller | 40 | $103,235 | |
Andrew Yearley Chair | OfficerTrustee | 1 | $0 |
Ty Hookway Treasurer | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Tembo Group Llc Program Consultant | 12/30/19 | $117,000 |
Real Estate Solutions Group Llc Real Estate Consultant | 12/30/19 | $110,404 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $27,681 |
Related organizations | $2,000,000 |
Government grants | $656,845 |
All other contributions, gifts, grants, and similar amounts not included above | $2,113,879 |
Noncash contributions included in lines 1a–1f | $125,734 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,798,405 |
Total Program Service Revenue | $1,026,402 |
Investment income | $161 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $7,491 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,912,916 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $42,871 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $424,311 |
Compensation of current officers, directors, key employees. | $42,223 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,525,509 |
Pension plan accruals and contributions | $38,876 |
Other employee benefits | $102,409 |
Payroll taxes | $152,007 |
Fees for services: Management | $83,895 |
Fees for services: Legal | $83,159 |
Fees for services: Accounting | $19,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $215,328 |
Advertising and promotion | $10,574 |
Office expenses | $208,405 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $63,058 |
Travel | $3,385 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,749 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,237 |
Insurance | $34,437 |
All other expenses | $0 |
Total functional expenses | $3,261,159 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,000 |
Savings and temporary cash investments | $4,553,780 |
Pledges and grants receivable | $1,815,137 |
Accounts receivable, net | $54,370 |
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 | $29,378 |
Net Land, buildings, and equipment | $310,002 |
Investments—publicly traded securities | $0 |
Investments—other securities | $13,232,570 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $168,048 |
Total assets | $20,164,285 |
Accounts payable and accrued expenses | $248,858 |
Grants payable | $0 |
Deferred revenue | $10,000 |
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 | $781,407 |
Total liabilities | $1,040,265 |
Net assets without donor restrictions | $19,124,020 |
Net assets with donor restrictions | $0 |
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 | $20,164,285 |
Over the last fiscal year, we have identified 2 grants that Greyston Foundation Inc has recieved totaling $11,000.
Awarding Organization | Amount |
---|---|
Asis Foundation Los Angeles, CA PURPOSE: GENERAL | $10,000 |
The James And Robin Coogan Foundation Bronxville, NY PURPOSE: UNRESTRICTED | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |