Federation Of Protestant Welfare Agencies Inc
- Assets
- $89.9m
- Revenue
- $9.0m
- Investments
- $7.2m
- Employees
- 42
- Location
- New York, NY
- Founding
- 11/1934
- Data as of
- 12/2021
- 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 12/2021, Federation Of Protestant Welfare Agencies Inc employed 42 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 12/2021, Federation Of Protestant Welfare Agencies Inc generated $9.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $7.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Federation Of Protestant Welfare Agencies Inc has awarded 124 individual grants totaling $2,187,808. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FPWA PROMOTES THE SOCIAL AND ECONOMIC WELL-BEING OF GREATER NEW YORK'S MOST VULNERABLE AND FPWA HAS BEEN WORKING SINCE 1922 TO IMPROVE THE LIVES OF LOW-INCOME NEW YORKERS. OUR NETWORK OF HUMAN SERVICE ORGANIZATIONS AND CHURCHES OPERATE OVER 1,200 PROGRAMS IN NEIGHBORHOODS THROUGHOUT THE FIVE BOROUGHS OF NEW YORK CITY AND BEYOND. TOGETHER, WE SERVE OVER 1.5 MILLION LOW-INCOME NEW YORKERS OF ALL AGES, ETHNICITIES AND FAITHS EACH YEAR. WE ADVOCATE FOR POLICIES TO ENSURE ALL NEW YORKER'S CAN AFFORD THEIR BASIC NEEDS AND HAVE ACCESS TO OPPORTUNITIES FOR UPWARD MOBILITY. ADDITIONALLY, WE PROVIDE OUR MEMBER AGENCIES WITH GRANTS, TRAININGS AND PROFESSIONAL DEVELOPMENT TO STRENGTHEN THEIR ORGANIZATIONS AND THE COMMUNITIES THEY SERVE.
Describe the Organization's Program Activity:
PROGRAMSOUR NETWORK OF HUMAN SERVICE ORGANIZATIONS AND CHURCHES OPERATE OVER 1,200 PROGRAMS IN NEIGHBORHOODS THROUGHOUT THE FIVE BOROUGHS OF NEW YORK CITY AND BEYOND. WE HELP OUR MEMBER AGENCIES BY PROVIDING THEM WITH GRANTS, TRAININGS, AND PROFESSIONAL DEVELOPMENT TO SUPPORT STRENGTHENING PROGRAMS THAT ADVANCE OPPORTUNITIES FOR LOW INCOME NEW YORKERS. WE HELP STRENGTHEN THEIR OPERATIONS BY PROVIDING MANAGEMENT ASSISTANCE AND WORKSHOPS. 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 THE CLIENTS THEY SERVE.
POLICY, ADVOCACY, RESEARCH FPWA'S WORK ADDRESSES THE BASIC NEEDS OF LOW-INCOME NEW YORKERS, ENSURES THAT THERE ARE INCREASING OPPORTUNITIES FOR ECONOMIC STABILITY AND MOBILITY AND ADVOCATES FOR TARGETED INVESTMENTS IN POLICIES THAT CAN MEANINGFULLY ALLEVIATE POVERTY WHILE OPENING THE DOORS TO OPPORTUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Jones Austin CEO & Executive Director | Officer | 35 | $328,442 |
Catherine Carpentieri Chief Development & Commun | 35 | $207,804 | |
Alexandros Hatzakis Chief Operations Officer | Officer | 35 | $179,799 |
Frank Dimaiuta Chief Financial Officer | Officer | 35 | $175,600 |
Emily C Miles Chief Progm & Policy Off (outgoing) | 35 | $122,097 | |
Amy Brenna Director Of Communication | 35 | $120,530 |
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 | $0 |
| Related organizations | $0 |
| Government grants | $1,911,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,566,688 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,478,075 |
| Total Program Service Revenue | $88,573 |
| Investment income | $1,013,209 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,403,316 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,007,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $665,000 |
| Grants and other assistance to domestic individuals. | $792,004 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $809,255 |
| Compensation of current officers, directors, key employees. | $220,342 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,198,848 |
| Pension plan accruals and contributions | $175,562 |
| Other employee benefits | $454,615 |
| Payroll taxes | $220,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,014 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $63,540 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $182,446 |
| Fees for services: Other | $588,786 |
| Advertising and promotion | $93,909 |
| Office expenses | $195,549 |
| Information technology | $17,401 |
| Royalties | $0 |
| Occupancy | $179,599 |
| Travel | $15,161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,925 |
| Interest | $147,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $474,022 |
| Insurance | $102,808 |
| All other expenses | $0 |
| Total functional expenses | $7,545,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,647 |
| Savings and temporary cash investments | $2,171,342 |
| Pledges and grants receivable | $1,300,147 |
| Accounts receivable, net | $530 |
| 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 | $86,656 |
| Net Land, buildings, and equipment | $9,018,454 |
| Investments—publicly traded securities | $51,275,019 |
| Investments—other securities | $7,225,897 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,192,783 |
| Total assets | $89,939,475 |
| Accounts payable and accrued expenses | $281,440 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,681,650 |
| 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 | $1,470,400 |
| Total liabilities | $11,433,490 |
| Net assets without donor restrictions | $53,351,651 |
| Net assets with donor restrictions | $25,154,334 |
| 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 | $89,939,475 |
Grants Awarded
Over the last fiscal year, Federation Of Protestant Welfare Agencies Inc has awarded $630,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: NYS VACCINE CORE CONVENER INITIAL CONTRACT EXECUTION PAYMENT | $75,000 |
New York, NY PURPOSE: NYS VACCINE CORE CONVENER INITIAL CONTRACT EXECUTION PAYMENT | $75,000 |
THE CENTRAL FAMILY LIFE CENTER INC PURPOSE: VACCINE PROGRAM OUTREACH COHORT 1- 1/2 GRANT | $25,000 |
Brooklyn, NY PURPOSE: VACCINE PROGRAM OUTREACH COHORT 1- 1/2 GRANT | $20,000 |
Bronx, NY PURPOSE: VACCINE PROGRAM OUTREACH COHORT 1- 1/2 GRANT | $20,000 |
67TH PRECINCT CLERGY COUNCIL INC PURPOSE: VACCINE PROGRAM OUTREACH COHORT 1- 1/2 GRANT | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Federation Of Protestant Welfare Agencies Inc has recieved totaling $192,500.
| Awarding Organization | Amount |
|---|---|
Hagedorn Fund Chicago, IL PURPOSE: GENERAL | $110,000 |
Altman Foundation New York, NY PURPOSE: TO PROVIDE CAPACITY-BUILDING AND EDUCATIONAL SUPPORT FOR THE ADVANCEMENT OF EQUITY-ORIENTED LEADERSHIP AND SERVICE DELIVERY AT NONPROFIT MEMBER ORGANIZATIONS | $60,000 |
Schwartz Fam Foundation Tr New York, NY PURPOSE: TO SUPPORT THE GENERAL PURPOSE FUND | $12,500 |
Debs Foundation New York, NY PURPOSE: FOR THE ORGANIZATION'S CHARITABLE USE | $10,000 |
Endowment Analysis
| Beg. Balance | $21,488,372 |
| Earnings | $2,178,315 |
| Other Expense | $358,106 |
| Ending Balance | $23,308,581 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse Guild International Inc New York, NY | $511,507,297 | $10,629,551 |
North Star Fund Inc New York, NY | $26,831,975 | $32,265,698 |
United Way Of Bergen County Paramus, NJ | $30,271,619 | $16,270,987 |
United Way Of Buffalo And Erie County Buffalo, NY | $31,555,637 | $14,020,396 |
United Way Of Long Island Deer Park, NY | $13,444,061 | $14,770,315 |
United Way Of Berks County Reading, PA | $37,493,734 | $14,271,656 |
Wellington Management Foundation Boston, MA | $61,260,814 | $15,149,104 |
Keren Hayeshivot Trust Brooklyn, NY | $1,238,192 | $11,653,329 |
Jewish Federation Of Northern New Jersey Inc Paramus, NJ | $65,504,215 | $14,848,347 |
Ovarian Cancer Research Fund Inc New York, NY | $32,985,153 | $13,088,201 |
United Way Of Tri County Inc Framingham, MA | $6,314,872 | $10,584,211 |
United Way Of Greater New Haven Inc New Haven, CT | $7,094,504 | $11,335,998 |