Alliance For Downtown New York Inc
- Assets
- $22.0m
- Revenue
- $22.7m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1995
- Data as of
- 06/2022
- EIN
- 13-3791550
Organization Overview
Alliance For Downtown New York Inc is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Downtown New York 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 06/2022, Alliance For Downtown New York Inc generated $22.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $21.3m during the year ending 06/2022. While expenses have increased by 1.7% 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 2020, Alliance For Downtown New York Inc has awarded 75 individual grants totaling $800,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ALLIANCE FOR DOWNTOWN NEW YORK, INC. (THE "ALLIANCE") IS TO PROVIDE SERVICE, ADVOCACY, RESEARCH AND INFORMATION TO ADVANCE LOWER MANHATTAN AS A GLOBAL MODEL OF A 21ST CENTURY CENTRAL BUSINESS DISTRICT FOR BUSINESSES, RESIDENTS AND VISITORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SANITATION SERVICES: SEE SCHEDULE O
BUS SERVICE PROVIDING FREE CIRCULATOR BUS SERVICE TO THE LOWER MANHATTAN AND BATTERY PARK CITY COMMUNITIES.GRANTS AND ALLOCATIONS: $-0- EXPENSES: $1,660,163 REVENUE: $632,000OTHER NEIGHBORHOOD SUPPLEMENTAL SERVICES - PUBLIC SPACE BEAUTIFICATION AND ENHANCEMENTS, INCLUDING PARKS AND PLAZAS; INSTALLATION AND MAINTENANCE OF STREET FURNITURE AND FIXTURES, AND HOMELESS OUTREACH SERVICES TO SUPPLEMENT WORK OF THE CITY'S DEPARTMENT OF HOMELESS SERVICESGRANTS AND ALLOCATIONS: $-0- EXPENSES: $2,371,299 REVENUE: $5,800ECONOMIC DEVELOPMENT - THROUGH RESEARCH OF MARKETS AND USER GROUPS, ADVOCACY AND BUSINESS ENGAGEMENT, SEEKS TO RETAIN AND ATTRACT BUSINESSES TO THE DISTRICT.GRANTS AND ALLOCATIONS: $16,000 EXPENSES: $1,608,537 REVENUE: -0-FACILITATION (LMHQ) OPERATION OF A COLLABORATIVE SPACE SERVING AS A MEETING, WORK, EVENT AND PUBLIC PROGRAM PLACE FOR THE LOWER MANHATTAN COMMUNITY.GRANTS AND ALLOCATIONS: $-0- EXPENSES: $1,354,426 REVENUE: $57,064
COMMUNICATIONS, MARKETING AND PROMOTION: SEE SCHEDULE O
PUBLIC SAFETY: SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ric Clark Chairperson | OfficerTrustee | 2 | $0 |
Jeremy Moss Secretary | OfficerTrustee | 1 | $0 |
Allan Sperling Treasurer | OfficerTrustee | 1 | $0 |
Roxanne Earley Director, Appointed By Bill De Blasio | Trustee | 0.5 | $0 |
Rev Michael A Bird Director (started 11/4/21) | Trustee | 0.5 | $0 |
James Katz Left Office 123121 Director, Appointed By Gale Brewer | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Industry Groups Llc Sanitation | 6/29/22 | $2,304,703 |
Universal Protection Service Lp Security | 6/29/22 | $2,060,581 |
Kirshenbaum Bond Senecal & Partners Llc Marketing And Ad Placement | 6/29/22 | $1,100,000 |
American Tour & Travel Inc Bus Service | 6/29/22 | $1,013,670 |
Bowery Residents' Committee Inc Homeless Outreach | 6/29/22 | $291,767 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $409,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $430,106 |
| Total Program Service Revenue | $22,166,138 |
| Investment income | $34,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $45,833 |
| 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 | $22,676,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,000 |
| 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. | $1,210,522 |
| Compensation of current officers, directors, key employees. | $393,153 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,360,209 |
| Pension plan accruals and contributions | $210,696 |
| Other employee benefits | $566,054 |
| Payroll taxes | $403,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,775 |
| Fees for services: Accounting | $29,120 |
| Fees for services: Lobbying | $88,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,347,051 |
| Advertising and promotion | $984,893 |
| Office expenses | $0 |
| Information technology | $391,698 |
| Royalties | $0 |
| Occupancy | $1,985,418 |
| Travel | $46,249 |
| 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 | $411,200 |
| Insurance | $231,683 |
| All other expenses | $386,748 |
| Total functional expenses | $21,320,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,959,045 |
| Savings and temporary cash investments | $13,066,838 |
| Pledges and grants receivable | $0 |
| 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 | $183,359 |
| Net Land, buildings, and equipment | $1,161,523 |
| Investments—publicly traded securities | $4,964,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $641,754 |
| Total assets | $21,977,509 |
| Accounts payable and accrued expenses | $1,624,224 |
| Grants payable | $0 |
| Deferred revenue | $510,453 |
| 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 | $583,629 |
| Total liabilities | $2,718,306 |
| Net assets without donor restrictions | $19,176,203 |
| Net assets with donor restrictions | $83,000 |
| 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 | $21,977,509 |
Grants Awarded
Over the last fiscal year, Alliance For Downtown New York Inc has awarded $140,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
BATTERY DANCE CORPORATION PURPOSE: NEIGHBORHOOD INSTITUTION CULTURAL SUPPORT GRANT IN RESPONSE TO COVID-19 PANDEMIC | $10,000 |
CHINA INSTITUTE IN AMERICA INC PURPOSE: NEIGHBORHOOD INSTITUTION CULTURAL SUPPORT GRANT IN RESPONSE TO COVID-19 PANDEMIC | $10,000 |
GINA GIBNEY DANCE INC PURPOSE: NEIGHBORHOOD INSTITUTION CULTURAL SUPPORT GRANT IN RESPONSE TO COVID-19 PANDEMIC | $10,000 |
LOWER MANHATTAN CULTURAL COUNCIL INC PURPOSE: GRANT IN SUPPORT OF PRODUCTION, PROMOTION AND ADMINISTRATION OF LMCCS RIVER TO RIVER FESTIVAL 2021 | $25,000 |
DESIGN TRUST FOR PUBLIC SPACE INC PURPOSE: SPONSORSHIP OF NEIGHBORHOOD COMMONS PROGRAM | $5,000 |
MUSEUM OF JEWISH HERITAGE A LIVING MEMORIAL TO THE HOLOCAUST PURPOSE: NEIGHBORHOOD INSTITUTION CULTURAL SUPPORT GRANT IN RESPONSE TO COVID-19 PANDEMIC | $10,000 |