New England Society In The City Of New York
- Assets
- $2.8m
- Revenue
- $261.0k
- Investments
- $2.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1945
- Data as of
- 12/2021
- EIN
- 13-6111094
Organization Overview
New England Society In The City Of New York is located in New York, NY. The organization was established in 1945. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Society In The City Of New York 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 England Society In The City Of New York generated $261.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $273.7k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY'S MISSION IS TO PROMOTE FRIENDSHIP, CHARITY AND MUTUAL ASSISTANT AMONG AND ON BEHALF OF NEW ENGLANDERS LIVING IN NEW YORK. THE SOCIETY IS ONE OF THE OLDEST CHARITABLE ORGANIZATION'S IN THE UNITED STATES AND WAS FOUNDED IN 1805. TODAY, THE SOCIETY CELEBRATES THE NEW ENGLAND SPIRIT AND HERITAGE THROUGH ITS CHARITABLE WORKS, SOCIAL ACTIVITIES FOR MEMBERS AND GUESTS. ITS PHILANTHROPIC FOCUS IS A SCHOLARSHIP PROGRAM FOR NEW YORK CITY STUDENTS ATTENDING NEW ENGLAND COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS FOR NEW YORK STUDENTS ATTENDING NEW ENGLAND COLLEGES AND UNIVERSITIES. IN 2021, THE NEW ENGLAND SOCIETY SUPPORTED THE EDUCATION OF NUMEROUS STUDENTS.
TO PROMOTE ITS PURPOSE, THE SOCIETY HOLDS VARIOUS EVENTS AND SOCIAL ACTIVITIES FOR MEMBERS AND GUESTS. THESE SOCIAL FUNCTIONS AND DINNERS THROUGHOUT THE YEAR ADD TO THE FUNDS AVAILABLE FOR THE SCHOLARSHIP PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Rimi Von Barton Treasurer/first Vice President | OfficerTrustee | 1 | $0 |
Ellen Scordato President | OfficerTrustee | 2 | $0 |
Danzey Burnham Secretary | OfficerTrustee | 1 | $0 |
Jan Whitman Ogden Assistant Secretary | OfficerTrustee | 1 | $0 |
Kendra Swee Director | Trustee | 1 | $0 |
Anne Teasdale Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $22,105 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,790 |
| Total Program Service Revenue | $48,125 |
| Investment income | $45,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $96,137 |
| Net Income from Fundraising Events | $5,499 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $261,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $51,325 |
| 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 | $127,380 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,795 |
| Advertising and promotion | $6,717 |
| Office expenses | $2,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,250 |
| Insurance | $4,363 |
| All other expenses | $2,451 |
| Total functional expenses | $273,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,404 |
| 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 | $0 |
| Investments—other securities | $2,645,345 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,760,749 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,942,730 |
| Net assets with donor restrictions | $818,019 |
| 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 | $2,760,749 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New England Society In The City Of New York has recieved totaling $1,800.
| Awarding Organization | Amount |
|---|---|
Royce Family Fund Inc Greenwich, CT PURPOSE: GENERAL PURPOSES | $1,300 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $774,436 |
| Earnings | $79,943 |
| Net Contributions | $14,965 |
| Grants | $51,325 |
| Ending Balance | $818,019 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Massachusetts Higher Education Assistance Corporation Boston, MA | $1,090,709,677 | $124,087,298 |
Mastercard Impact Fund Purchase, NY | $207,268,769 | $96,050,288 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Arcus Foundation New York, NY | $264,733,626 | $35,703,685 |
Edward P Evans Andover, MA | $242,161,195 | $13,916,833 |
The Childrens Scholarship Fund New York, NY | $36,136,002 | $24,710,520 |
Math For America Inc New York, NY | $15,709,494 | $20,036,646 |
Ja Worldwide Inc Boston, MA | $14,229,210 | $21,801,943 |
The Posse Foundation Inc New York, NY | $120,660,725 | $44,739,225 |
Inner-City Scholarship Fund Inc New York, NY | $115,829,957 | $24,751,034 |