New York Times Neediest Cases Fund
- Assets
- $58.7m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1942
- Data as of
- 02/2023
- EIN
- 13-6066063
Organization Overview
New York Times Neediest Cases Fund, operating under the name New York Times Communities Fund, is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (T30) the organization is classified as: Public 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 Times Communities Fund 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 02/2023, New York Times Communities Fund generated $6.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $8.5m during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Times Communities Fund has awarded 106 individual grants totaling $65,973,532. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NYTNCF WAS ORIGINATED TO RAISE FUNDS TO PROVIDE TO INDIVIDUALS AND FAMILIES IN DISTRESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEEDING AMERICA:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
FUNDING ADDITIONAL SOCIAL WELFARE AGENCIES THAT SERVE PEOPLE OF ALL AGES AND BACKGROUNDS IN EVERY BOROUGH OF NEW YORK CITY.BROOKLYN BUREAU OF COMMUNITY SERVICES - $ 652,263CATHOLIC CHARITIES, ARCHDIOCESE OF NY - $ 679,611CITY HARVEST, INC. - $ 250,000CITYMEALS ON WHEELS - $ 250,000CHILDRENS AID SOCIETY - $ 657,335COMMUNITY SERVICE SOCIETY OF NY - $ 652,062FIRST BOOK - $ 650,062HISPANIC FEDERATION, INC. - $ 650,062LITERACY PARTNERS INC - $125,000THE NEW YORK SOCIETY FOR THE PREVENTION OF CRUELTY TO CHILDREN - $ 100,000OPERATION WARM - $ 50,000OTHER - $1,308,426EDUCATION: SCHOLARSHIPS - $305,645
UJA-FEDERATION OF NEW YORK:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
INTERNATIONAL RESCUE COMMITTEE, INC:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Brayton Director/senior VP & Secre | OfficerTrustee | 0.3 | $0 |
Eileen Murphy Director/president | OfficerTrustee | 0.3 | $0 |
Hannah Yang Director/vice President | OfficerTrustee | 0.3 | $0 |
James Dryfoos Director | Trustee | 0.3 | $0 |
Meredith Kopit Levien Director/chair | OfficerTrustee | 0.3 | $0 |
Roland Caputo Director/senior VP - Finan | OfficerTrustee | 0.3 | $0 |
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 | $6,567,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,567,918 |
| Total Program Service Revenue | $0 |
| Investment income | $895,798 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,262,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,200,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,019,659 |
| Grants and other assistance to domestic individuals. | $305,645 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $145,545 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $32,432 |
| Total functional expenses | $8,503,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,511,915 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $38,275,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,912,793 |
| Total assets | $58,700,182 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $6,711,232 |
| 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 | $96,783 |
| Total liabilities | $6,808,015 |
| Net assets without donor restrictions | $26,426,277 |
| Net assets with donor restrictions | $25,465,890 |
| 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 | $58,700,182 |
Grants Awarded
Over the last fiscal year, New York Times Neediest Cases Fund has awarded $6,711,236 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BROOKLYN BUREAU OF COMMUNITY SERVICES PURPOSE: TO HELP THE NEEDY | $652,263 |
CHILDREN'S AID SOCIETY THE PURPOSE: TO HELP THE NEEDY | $657,336 |
CATHOLIC CHARITIES ARCHDIOCESE OF NY PURPOSE: TO HELP THE NEEDY | $679,611 |
CITYMEALS ON WHEELS PURPOSE: TO HELP THE NEEDY | $250,000 |
CITY HARVEST INC PURPOSE: TO HELP THE NEEDY | $250,000 |
COMMUNITY SERVICE SOCIETY OF NY PURPOSE: TO HELP THE NEEDY | $652,063 |