Federation Of Protestant Welfare Agencies Inc
- Assets
- $75.4m
- Revenue
- $9.0m
- Investments
- $13.3m
- Employees
- 40
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 12/2022
- EIN
- 13-5562220
Organization Overview
Federation Of Protestant Welfare Agencies Inc is located in New York, NY. The organization was established in 1934. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Federation Of Protestant Welfare Agencies Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Federation Of Protestant Welfare Agencies 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 12/2022, Federation Of Protestant Welfare Agencies Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $11.0m during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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 2014, Federation Of Protestant Welfare Agencies Inc has awarded 140 individual grants totaling $5,697,875. 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
FPWA DISMANTLES THE STRUCTURAL AND SYSTEMIC BARRIERS THAT IMPEDE ECONOMIC SECURITY AND WELL-BEING AND STRENGHTENS THE CAPACITY OF HUMAN SERVICES AGENCIES AND FAITH ORGANIZATIONS SO NEW YORKERS WITH LOWER INCOME CAN THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMSNONPROFITS AND FAITH INSTITUTIONS ARE OFTEN THE FIRST LINE OF DEFENSE IN COMBATTING POVERTY BY PROVIDING CRITICAL SERVICES TO OUR HARDEST-TO-REACH RESIDENTS. OUR NETWORK OF HUMAN SERVICE ORGANIZATIONS AND FAITH INSTITUTIONS OPERATE OVER 1,200 PROGRAMS IN NEIGHBORHOODS THROUGHOUT THE FIVE BOROUGHS OF NEW YORK CITY AND BEYOND. FPWA PROVIDES A RANGE OF GRANTS AND WORKS TO STRENGTHEN THE CAPACITY OF HUMAN SERVICE AGENCIES AND FAITH INSTITUTIONS THROUGH WORKSHOPS AND TRAININGS IN LEADERSHIP DEVELOPMENT, ORGANIZATIONAL MANAGEMENT, AND CIVIC ENGAGEMENT. FPWA EDUCATES LEADERS AND DECISION MAKERS SO THAT THE NEEDS OF OUR NETWORK ARE HEARD IN THE LEGISLATIVE PROCESS AND ADVOCATES ON BEHALF OF OUR AGENCIES AND COMMUNITIES THEY SERVE.
POLICY, ADVOCACY, RESEARCHFPWA'S WORK ADDRESSES THE NEEDS OF NEW YORKERS WITH LOWER INCOMES, ENSURING THAT THERE ARE INCREASING OPPORTUNITIES FOR ECONOMIC SECURITY AND MOBILITY AND ADVOCATES FOR TARGETED INVESTMENTS IN POLICIES THAT CAN MEANINGFULLY DISMANTLE THE SYSTEMIC AND STRUCTURAL BARRIERS THAT MAINTAIN ECONOMIC DEPRIVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonia Yuille-Williams Chair | OfficerTrustee | 1 | $0 |
Bishop Mitchell G Taylor Board Member | Trustee | 1 | $0 |
Derek Ferguson Board Member | Trustee | 1 | $0 |
Dr Terrance Stradford Board Member | Trustee | 1 | $0 |
Jacob Devries Board Member | Trustee | 1 | $0 |
John Ciraulo Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Patrick Germain Theory Of Change Consultant | 12/30/21 | $114,850 |
Mercury Public Affairs Llc Lobbyist Fees/public Relations Consultan | 12/30/21 | $138,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $99,547 |
| Related organizations | $0 |
| Government grants | $4,643,511 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,098,680 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,841,738 |
| Total Program Service Revenue | $192,501 |
| Investment income | $945,333 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,075,669 |
| Net Income from Fundraising Events | -$36,830 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,022,502 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,864,181 |
| Grants and other assistance to domestic individuals. | $507,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,019,795 |
| Compensation of current officers, directors, key employees. | $283,629 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,264,935 |
| Pension plan accruals and contributions | $221,783 |
| Other employee benefits | $398,502 |
| Payroll taxes | $248,815 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,076 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $62,289 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $205,038 |
| Fees for services: Other | $550,406 |
| Advertising and promotion | $78,000 |
| Office expenses | $215,012 |
| Information technology | $51,042 |
| Royalties | $0 |
| Occupancy | $203,872 |
| Travel | $24,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $197,164 |
| Interest | $264,424 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $474,124 |
| Insurance | $110,995 |
| All other expenses | $0 |
| Total functional expenses | $11,026,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,334,955 |
| Savings and temporary cash investments | $744,912 |
| Pledges and grants receivable | $64,333 |
| Accounts receivable, net | $104,648 |
| 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 | $76,278 |
| Net Land, buildings, and equipment | $8,565,831 |
| Investments—publicly traded securities | $36,457,625 |
| Investments—other securities | $13,338,862 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,689,596 |
| Total assets | $75,377,040 |
| Accounts payable and accrued expenses | $965,265 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,328,535 |
| 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 | $1,102,900 |
| Total liabilities | $11,396,700 |
| Net assets without donor restrictions | $43,119,526 |
| Net assets with donor restrictions | $20,860,814 |
| 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 | $75,377,040 |
Grants Awarded
Over the last fiscal year, Federation Of Protestant Welfare Agencies Inc has awarded $80,221 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHINESE AMERICAN PLANNING COUNCIL PURPOSE: GRANT AWARD FOR 'ENDING THE EPIDEMIC' FY 23-24 RECIPIENT | $10,000 |
THE ALLIANCE FOR POSITIVE CHANGE PURPOSE: GRANT AWARD FOR 'ENDING THE EPIDEMIC' FY 23-24 RECIPIENT | $10,000 |
UNITED COMMUNITY CENTERS PURPOSE: GRANT AWARD FOR 'ENDING THE EPIDEMIC' FY 23-24 RECIPIENT | $10,000 |
UW INVOICE RECEIVABLES PURPOSE: THREE BRIEFS ON THE STATE OF NEED -TCL JUN-DEC'23 #06-8341 | $50,221 |