New York Foundation
- Assets
- $67.4m
- Revenue
- $14.9m
- Investments
- $61.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1950
- Data as of
- 12/2021
- EIN
- 13-5626345
Organization Overview
New York Foundation is located in New York, NY. The organization was established in 1950. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Foundation 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, New York Foundation generated $14.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $9.2m during the year ending 12/2021. While expenses have increased by 15.9% per year over the past 4 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 2019, New York Foundation has awarded 660 individual grants totaling $17,450,906. 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 Program Activity:
NEIGHBORHOODS FIRST FUND:SUPPORTS COMMUNITY-BASED ORGANIZATIONS IN NEIGHBORHOODS FACING REZONING.
THE FOUNDATION OPERATES A CAPACITY BUILDING PROGRAM THAT INCLUDES DIRECT SUPPORT TO NONPROFITS THAT PROVIDE ONE-ON-ONE CONSULTATION TO GRANTEE PARTNERS, WORKSHOPS, AND A SMALL GRANTS PROGRAM.
ENGAGE NEW YORK: CONNECTS FUNDERS ACROSS NEW YORK STATE TO INCREASE SUPPORT FOR COMMUNITY AND RESIDENT ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Mottola Executive Director Through 7/30/21 | 40 | $142,507 | |
Edna Iriarte Program Officer | 40 | $119,121 | |
Zabrina Collazo Program Officer | 40 | $100,318 | |
Isabel Rivera Grants Manager | 40 | $98,296 | |
Melissa Ellison Operations Manager | 40 | $95,876 | |
Rickke Mananzala Executive Director As Of 7/19/21 | 40 | $89,739 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joan Byron | 12/30/21 | $136,581 |
Lisa Fasolo Frishman Llc | 12/30/21 | $105,333 |
Clearbrook Llc | 12/30/21 | $62,663 |
Maria Mottola | 12/30/21 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,824,466 |
| Interest on Savings | $436 |
| Dividends & Interest | $829,762 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,238,070 |
| Capital Gain Net Income | $7,806,524 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,020 |
| Total Revenue | $14,941,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $232,246 |
| Other employee salaries and wages | $449,960 |
| Pension plans, employee benefits | $175,648 |
| Interest | $21,312 |
| Taxes | $134,302 |
| Depreciation | $35,353 |
| Occupancy | $279,644 |
| Travel, conferences, and meetings | $63,481 |
| Printing and publications | $0 |
| Other expenses | $131,651 |
| Total operating and administrative expenses | $2,231,806 |
| Contributions, gifts, grants paid | $6,966,722 |
| Total expenses and disbursements | $9,198,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,634 |
| Savings and temporary cash investments | $2,974,749 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $1,532,776 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $34,065 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $61,931,233 |
| Net Land, buildings, and equipment | $154,461 |
| Other assets | $48,939 |
| Total assets | $67,360,857 |
| Accounts payable and accrued expenses | $55,119 |
| Grants payable | $800,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $202,069 |
| Total liabilities | $1,057,188 |
Grants Awarded
Over the last fiscal year, New York Foundation has awarded $7,001,722 in support to 216 organizations.
| Grant Recipient | Amount |
|---|---|
BRONX PEOPLE'S PLATFORM PURPOSE: TO RE-GRANTED TO ORGANIZATIONS THAT HAVE CONVENED TO CREATE A UNIFIED VISION FOR THE BOROUGH THAT CENTER RACE AND ECONOMIC JUSTICE. | $250,000 |
LONG ISLAND COMMUNITY FOUNDATION PURPOSE: FOR THE GOOD NEIGHBORHOOD FUND, AN INITIATIVE THAT AIMS TO CREATE SYSTEMIC CHANGE THROUGHOUT THE REGION THROUGH PARTICIPATORY GRANT MAKING, LED BY REGIONAL EXPERTS. | $225,000 |
HOUSING JUSTICE FOR ALL PURPOSE: FOR A STATEWIDE COALITION THAT AIMS TO PUT POLICIES IN PLACE THAT PROTECT TENANTS WHOSE HOUSING IS AT RISK DUE TO THE ECONOMIC DOWNTURN AS A RESULT OF THE COVID-19 PANDEMIC. | $150,000 |
BRONX PEOPLE'S PLATFORM PURPOSE: TO SUPPORT THE ENGAGEMENT OF BRONX-BASED GROUPS TO DEVELOP A 30-YEAR RACIAL AND ECONOMIC JUSTICE VISION FOR THE BOROUGH. | $100,000 |
MAKE THE ROAD NEW YORK PURPOSE: FOR THE RIGHT TO A ROOF COALITION, A JOINT PROJECT OF MAKE THE ROAD NY AND THE ASSOCIATION FOR NEIGHBORHOOD HOUSING DEVELOPMENT TO CREATE A HOUSING BLUEPRINT FOR NEW YORK. | $100,000 |
New York, NY PURPOSE: TO ORGANIZE NEW YORKERS TO DEMAND AFFORDABLE HOUSING, A STRONGER SOCIAL SAFETY NET, AND ACCESS TO JOBS. | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that New York Foundation has recieved totaling $3,516,015.
| Awarding Organization | Amount |
|---|---|
Ford Foundation New York, NY PURPOSE: FOR ENGAGE NEW YORK TO STRENGTHEN COMMUNITY ORGANIZING INFRASTRUCTURE IN KEY REGIONS ACROSS NEW YORK STATE AND TO ADVANCE RACIAL EQUITY | $1,500,000 |
Ford Foundation New York, NY PURPOSE: FOR THE NEIGHBORHOODS FIRST FUND TO PROMOTE JUST AND INCLUSIVE LAND USE, HOUSING, PLANNING, AND DEVELOPMENT POLICIES AND PRACTICES IN NYC AND THE NEW YORK METROPOLITAN REGION | $1,000,000 |
Mertz Gilmore Foundation New York, NY PURPOSE: NEIGHBORHOODS FIRST FUND | $200,000 |
Mertz Gilmore Foundation New York, NY PURPOSE: NEIGHBORHOODS FIRST FUND | $200,000 |
Altman Foundation New York, NY PURPOSE: TO SUPPORT THE NEIGHBORHOODS FIRST FUND'S COLLABORATIVE GRANTMAKING | $150,000 |
Mertz Gilmore Foundation New York, NY PURPOSE: NEIGHBORHOODS FIRST FUND | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |