Interchurch Center
- Assets
- $56.6m
- Revenue
- $14.4m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 04/1956
- Data as of
- 12/2023
- EIN
- 13-5657859
Organization Overview
Interchurch Center is located in New York, NY. The organization was established in 1956. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2023, Interchurch Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interchurch Center 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 12/2023, Interchurch Center generated $14.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $13.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. 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
TO PROVIDE AN OFFICE FACILITY WITH A WORKING ENVIRONMENT THAT IS CONDUCIVE TO ECUMENISM AND INTERRELIGIOUS INVOLVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING OPERATIONS:THE INTERCHURCH CENTER ("TIC") IS OWNED, OPERATED AND MANAGED UNDER THE AUSPICES OF SEVERAL CHRISTIAN ORGANIZATIONS, WITH A MISSION TO PROVIDE A WORKING ENVIRONMENT THAT IS CONDUCIVE TO ECUMENICAL AND INTERRELIGIOUS INVOLVEMENT. THE INTERCHURCH CENTER IS ADMINISTERED BY A PRESIDENT/EXECUTIVE DIRECTOR AND A STAFF OF PROFESSIONALS WHO MANAGE THE DAY-TO-DAY OPERATIONS OF ALL PROGRAMS, A LIBRARY AND A TELECOMMUNICATIONS DEPARTMENT. THE OFFICE IS CONCERNED WITH THE GENERAL OPERATIONS OF THE BUILDING AND THE OVERSIGHT OF CAPITAL IMPROVEMENTS TO THE BUILDING. THE INTERCHURCH CENTER EMPLOYS A PROFESSIONAL BUILDING MANAGEMENT FIRM TO SUPERVISE MAINTENANCE, SERVICE PERSONNEL AND THE HOUSEKEEPING FUNCTIONS INVOLVED IN RUNNING A LARGE FACILITY.
OTHER PROGRAM SERVICES:THE INTERCHURCH CENTER PROVIDES PROGRAM SERVICES FOR ALL BUILDING OCCUPANTS TO PARTICIPATE IN. THESE INCLUDE WEEKLY MUSICAL PROGRAMS, MONTHLY ART EXHIBITIONS AND ART GALLERY OPENINGS AND AN ECUMENICAL LIBRARY FOR TENANT USE. THE CENTER IS ALSO HOME TO TWO CHOIRS, COMPOSED OF VOLUNTEER PERSONNEL FROM THE CENTER'S OFFICES WHO PERFORM FOR CONCERTS AND HOLIDAYS. THE CENTER'S CHAPEL IS USED FOR MEMORIAL SERVICES, PROGRAMS AND SERVICES OF WORSHIP. THE CENTER RETAINS THE SERVICES OF AN ART CONSULTANT AND MUSICAL DIRECTOR TO MANAGE THESE PROGRAM AREAS. THE ECUMENICAL LIBRARY PROVIDES A PLACE FOR TENANTS TO PERFORM RESEARCH AND REVIEW CURRENT PERIODICALS ON RELIGION AND THEOLOGY. THE LIBRARY IS SUPERVISED BY A FULL TIME LIBRARIAN AND ARCHIVIST.
TELEPHONE OPERATIONS:THE INTERCHURCH CENTER OFFERS HIGH-SPEED INTERNET ACCESS AND COMMUNICATION SERVICES TO ALL TENANT AGENCIES. THE DEPARTMENT ALSO PROVIDES TECHNICAL SERVICES TO AGENCIES NEEDING TO SCHEDULE CONFERENCE CALLS AND VIDEO CONFERENCING. THE DEPARTMENT IS SUPERVISED BY THE EXECUTIVE DIRECTOR AND TWO CERTIFIED TRAINED TECHNICIANS. THE INTERCHURCH CENTER ALSO RETAINS THE SERVICES OF A DATA CONSULTING FIRM TO ASSIST IN MONITORING THE PERFORMANCE OF ALL OUTSIDE VENDORS WITH REGARD TO ON-GOING MAINTENANCE OF SYSTEMS, WARRANTY PROVISIONS, INSTALLATION/REPAIR QUALITY AND SYSTEM DOCUMENTATION.
THE INTERCHURCH CENTER MANAGES THE RIVERSIDE CAFE, A FULL SERVICE CAFETERIA OPEN MONDAY THROUGH FRIDAY FOR BREAKFAST, LUNCH AND COFFEE SERVICE. THE CAFETERIA IS RUN BY A FOOD SERVICE PROVIDER AND IS AVAILABLE TO ALL TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis Barbarin Chairman | OfficerTrustee | 2 | $0 |
Nancy Benedetto Vice Chair | OfficerTrustee | 2 | $0 |
Geraldine Watson Treasurer | OfficerTrustee | 4 | $0 |
Paul Karssen Board Member, Secretary | OfficerTrustee | 2 | $0 |
Ms Donna-Mari Fieldsa Board Member | Trustee | 2 | $0 |
Mark Adiedo Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Building Services Inc Cleaning Services | 12/30/23 | $2,581,019 |
Aramark Services Inc Food Services | 12/30/23 | $267,598 |
Power Cooling Inc Chiller Install/deinstall | 12/30/23 | $255,115 |
Arabella Advisors Inc Finance And Accounting Services | 12/30/23 | $167,972 |
John Gallin & Son Inc Storefront Entrance | 12/30/23 | $367,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,055,419 |
| Investment income | $396,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,449,679 |
| 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. | $305,527 |
| Compensation of current officers, directors, key employees. | $305,527 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,168,426 |
| Pension plan accruals and contributions | $273,426 |
| Other employee benefits | $813,584 |
| Payroll taxes | $178,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $126,135 |
| Fees for services: Accounting | $37,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,633 |
| Fees for services: Other | $362,507 |
| Advertising and promotion | $0 |
| Office expenses | $389,396 |
| Information technology | $88,151 |
| Royalties | $0 |
| Occupancy | $1,406,554 |
| Travel | $0 |
| 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 | $2,544,874 |
| Insurance | $278,388 |
| All other expenses | $122,965 |
| Total functional expenses | $13,259,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,983,249 |
| Savings and temporary cash investments | $5,830,212 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,536,451 |
| 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 | $42,048 |
| Net Land, buildings, and equipment | $28,737,386 |
| Investments—publicly traded securities | $14,492,967 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $56,622,313 |
| Accounts payable and accrued expenses | $2,693,359 |
| 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 | $2,693,359 |
| Net assets without donor restrictions | $53,928,954 |
| Net assets with donor restrictions | $0 |
| 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 | $56,622,313 |