New York City Mission Society
- Assets
- $52.2m
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 584
- Location
- New York, NY
- Founding
- 06/1942
- Data as of
- 06/2023
- EIN
- 13-5562301
Organization Overview
New York City Mission Society is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. As of 06/2023, New York City Mission Society employed 584 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York City Mission Society 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 06/2023, New York City Mission Society generated $13.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $11.3m during the year ending 06/2023. While expenses have increased by 1.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NYC MISSION SOCIETY IMPROVES THE LIVES OF FAMILIES IN THE CITY'S MOST UNDERSERVED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF POWER ACADEMY AFTERSCHOOL AND FULL-DAY SUMMER CAMP PROGRAM IS TO NARROW THE EDUCATIONAL ACHIEVEMENT GAP. DURING THE ACADEMIC YEAR, MISSION SOCIETY PROVIDED LITERACY AND ENGAGING STEM LEARNING EXPERIENCES TO 756 ELEMENTARY STUDENTS IN POWER ACADEMY PROGRAMMING. 82% OF SURVEYED PARTICIPANTS AGREE THAT THEY HAD A POSITIVE EXPERIENCE WITH POWER ACADEMY. 81% OF SURVEYED STUDENTS AGREE THAT THEY HAVE STRATEGIES TO USE IF THEY GET STUCK ON A WORD OR A MATH PROBLEM.
LEARNING TO WORK INCREASES HIGH SCHOOL GRADUATION RATES BY PROVIDING STUDENTS WITH ACADEMIC SUPPORT, COLLEGE PREPARATION AND GUIDANCE, CAREER TRAINING, AND PAID INTERNSHIPS. AT THE HIGH SCHOOL LEVEL, MISSION PROVIDED CAREER AND WORKFORCE DEVELOPMENT SUPPORT TO 1,633 HIGH SCHOOL STUDENTS IN OUR LEARNING TO WORK PROGRAM. ACROSS PROGRAMS SITES, 261 HIGH SCHOOL STUDENTS WERE PLACED IN INTERNSHIP AND 367 STUDENTS GRADUATED. ADDITIONALLY, 92% OF SURVEYED STUDENTS AGREE THAT THEY HAVE DEVELOPED CAREER GOALS FOR LIFE AFTER HIGH SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elsie Mccabe Thompson President | Officer | 40 | $341,956 |
Sharada Singh SVP Of Finance And Administrat | Officer | 40 | $267,607 |
Richard Lustig SVP Of Human Resources | Officer | 40 | $170,467 |
Valerie Anndenise Brown SVP Of Program Operations | Officer | 40 | $163,563 |
Sara Elghobashy SVP Of External Affairs | 40 | $129,443 | |
Matthew Mamak Chair | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Professional Computer Associates It Services | 6/29/19 | $216,564 |
The Switzer Group Architects | 6/29/19 | $235,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,774,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $447,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,221,974 |
| Total Program Service Revenue | $0 |
| Investment income | $852,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $865,281 |
| Net Gain/Loss on Asset Sales | $497,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,437,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,126,403 |
| Compensation of current officers, directors, key employees. | $148,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,107,863 |
| Pension plan accruals and contributions | $289,909 |
| Other employee benefits | $577,454 |
| Payroll taxes | $515,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $192,198 |
| Fees for services: Other | $326,099 |
| Advertising and promotion | $120 |
| Office expenses | $503,629 |
| Information technology | $144,378 |
| Royalties | $0 |
| Occupancy | $115,156 |
| Travel | $75,921 |
| 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 | $177,228 |
| Insurance | $277,683 |
| All other expenses | $0 |
| Total functional expenses | $11,267,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $859,719 |
| Savings and temporary cash investments | $834,101 |
| Pledges and grants receivable | $3,774,930 |
| 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 | $109,543 |
| Net Land, buildings, and equipment | $578,708 |
| Investments—publicly traded securities | $39,818,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,246,862 |
| Total assets | $52,222,085 |
| Accounts payable and accrued expenses | $602,180 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $602,180 |
| Net assets without donor restrictions | $38,709,986 |
| Net assets with donor restrictions | $12,909,919 |
| 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 | $52,222,085 |