The Mayors Fund To Advance New York City
- Assets
- $28.5m
- Revenue
- $18.6m
- Investments
- $0.0
- Employees
- 22
- Location
- New York, NY
- Founding
- 04/1995
- Data as of
- 06/2021
- EIN
- 13-3783906
Organization Overview
The Mayors Fund To Advance New York City is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Mayors Fund To Advance New York City employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mayors Fund To Advance New York City 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 06/2021, Mayors Fund To Advance New York City generated $18.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $27.9m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mayors Fund To Advance New York City has awarded 45 individual grants totaling $2,385,000. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MAYOR'S FUND TO ADVANCE NEW YORK CITY SERVES AS THE PRIMARY VEHICLE FOR NEW YORK CITY'S BUSINESS, FOUNDATIONAL AND PHILANTHROPIC COMMUNITIES TO ENGAGE CITY GOVERNMENT, CONTRIBUTE TO PUBLIC PROGRAMS AND ENHANCE OUR CITY'S ABILITY TO SERVE ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTIONS TO CARE - CONNECTIONS TO CARE (C2C), A $30 MILLION, FIVE-YEAR INITIATIVE THAT IS PART OF THE THRIVENYC PROGRAM LAUNCHED BY MAYOR'S FUND BOARD CHAIR CHIRLANE MCCRAY IN 2015. THROUGH CONNECTIONS TO CARE, WE ARE PARTNERING WITH COMMUNITY ORGANIZATIONS ACROSS THE FIVE BOROUGHS TO INTEGRATE MENTAL HEALTH SKILLS INTO THEIR WORK BY TAPPING INTO THE EXPERTISE OF MENTAL HEALTH PROVIDERS (MHPS).
THE COVID-19 EMERGENCY RELIEF FUND SUPPORTS HEALTH CARE WORKERS, LOCAL BUSINESSES, DISPLACED HOURLY WORKERS, FAMILIES, YOUTHS, AND VULNERABLE NEW YORKERS EXPERIENCING THE UNPRECEDENTED IMPACTS OF COVID-19.
PROGRAMS SITTING WITHIN NEW YORK CITY SERVICE, AN OFFICE OF THE MAYOR, INCLUDE OPERATION AMERICORPS AND CIVIC CORPS. THESE INITIATIVES PROMOTE VOLUNTEERISM, ENGAGE NEW YORKERS IN SERVICE, BUILD VOLUNTEER CAPACITY AND MOBILIZE THE POWER OF VOLUNTEERS AND NATIONAL SERVICE MEMBERS TO IMPACT NYC'S GREATEST NEEDS.
THE FUND, WORKING CLOSELY WITH CITY AGENCIES AND THE MAYOR'S OFFICE, ENGAGES PHILANTHROPY, THE BUSINESS SECTOR, CIVIC INVESTORS, AND THE BROADER PUBLIC IN SUPPORT OF INNOVATIVE PROGRAMS AND PROJECTS THAT ADDRESS SOME OF THE MOST PRESSING ISSUES FACING NEW YORK CITY RESIDENTS AND COMMUNITIES. WITH A BROAD AIM OF ADDRESSING ISSUES AROUND ACCESS, OPPORTUNITY, AND EQUITY, AREAS OF SPECIFIC FOCUS INCLUDE, BUT ARE NOT LIMITED TO: YOUTH AND WORKFORCE DEVELOPMENT, HEALTH, EDUCATION AND THE ARTS, SUPPORTING IMMIGRANT COMMUNITIES, FINANCIAL EMPOWERMENT, AND TECHNOLOGY AND GOVERNMENT EFFICIENCIES. THE NATURE AND HISTORY OF THE MAYOR'S FUND'S OPERATIONS MAKES IT UNIQUELY QUALIFIED TO ASSIST THE CITY IN THESE ENDEAVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Toya Williford Executive Director (thru 11/20) | Officer | 40 | $170,183 |
Daniele Baierlein Co-Executive Director | Officer | 40 | $149,619 |
Sinead Keegan Director Of Social Innovation Fund | 40 | $127,700 | |
Brigit Beyea Social Innovation Fund, Deputy Dir | 40 | $126,952 | |
Leah Prestamo Legal Counsel & Dir Of Prgms/policy | 40 | $125,004 | |
Jorge Luis Paniagua Valle Co-Executive Director | Officer | 40 | $119,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $700,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,539,598 |
| Noncash contributions included in lines 1a–1f | $145,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,239,598 |
| Total Program Service Revenue | $0 |
| Investment income | $371,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,611,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| 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. | $816,935 |
| Compensation of current officers, directors, key employees. | $107,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $935,723 |
| Pension plan accruals and contributions | $23,802 |
| Other employee benefits | $396,479 |
| Payroll taxes | $90,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $83,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $15,889 |
| All other expenses | $0 |
| Total functional expenses | $27,871,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,090,164 |
| Pledges and grants receivable | $1,507,367 |
| 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 | $206,462 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,714,756 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,518,749 |
| Accounts payable and accrued expenses | $10,510,118 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $0 |
| Total liabilities | $10,660,118 |
| Net assets without donor restrictions | $0 |
| 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 | $17,858,631 |
| Total liabilities and net assets/fund balances | $28,518,749 |
Grants Awarded
Over the last fiscal year, The Mayors Fund To Advance New York City has awarded $150,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: CONNECTIONS TO CARE | $50,000 |
Brooklyn, NY PURPOSE: CONNECTIONS TO CARE | $50,000 |
Brooklyn, NY PURPOSE: CONNECTIONS TO CARE | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Mayors Fund To Advance New York City has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
John W Hill Hill And Knowlton Foundation New York, NY PURPOSE: TO SUPPORT THE MAYORS FUND TO ADVANCE NEW YORK CITY | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Core Services Group Inc Brooklyn, NY | $39,760,197 | $115,882,548 |
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Quincy Community Action Programs Inc Quincy, MA | $14,865,186 | $43,148,267 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
Community Action Pioneer Valley Inc Greenfield, MA | $7,969,732 | $29,838,934 |