New York Bar Foundation
- Assets
- $11.9m
- Revenue
- $633.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, NY
- Founding
- 01/1958
- Data as of
- 12/2022
- EIN
- 14-6029915
Organization Overview
New York Bar Foundation is located in Albany, NY. The organization was established in 1958. According to its NTEE Classification (I12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Bar 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 12/2022, New York Bar Foundation generated $633.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New York Bar Foundation has awarded 509 individual grants totaling $4,650,542. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S PRIMARY EXEMPT PURPOSE IS TO ADVANCE LEGAL RESEARCH AND (CONTINUTED ON SCHEDULE O) EDUCATION, TO IMPROVE THE ADMINISTRATION OF JUSTICE, TO PROMOTE PROFESSIONAL ETHICS AND RESPONSIBILITY AND SERVICE TO THE PUBLIC. TO CULTIVATE THE PRESERVATION OF THE HISTORY AND TRADITIONS OF THE LAW, THE COURTS AND THE LEGAL PROFESSION. TO ENCOURAGE BETTER PUBLIC UNDERSTANDING OF OUR LEGAL HERITAGE. TO AID IN MAKING LEGAL INSTITUTIONS MORE RESPONSIVE TO THE PUBLIC INTEREST. TO SPONSOR STUDIES, CONFERENCES, PUBLICATIONS, AND ANY AND ALL OTHER MEANS OF DISCOURSE, COMMUNICATION, AND EXCHANGE OF IDEAS APPROPRIATE TO THE FOREGOING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
>> AWARDS AND GRANTS: THE FOUNDATION MAKES VARIOUS PROGRAM SERVICE AWARDS AND GRANTS TO CHARITABLE AND OTHER TAX-EXEMPT ORGANIZATIONS. INDIVIDUAL AWARDS AND GRANTS IN EXCESS OF $5,000 ARE DETAILED, ALONG WITH OTHER RELEVANT INFORMATION OF THE GRANTEE/ORGANIZATION, ON FORM 990, SCHEDULE I, PART II.>> CY PRES ADMINISTRATION: THE FOUNDATION HAS, FROM TIME TO TIME, RECEIVED DISTRIBUTIONS OF VARIOUS CY PRES (AND SPECIAL COURT ORDERED) FUNDS RELATING TO UNCLAIMED AND UNDISTRIBUTED MONIES AVAILABLE UNDER VARIOUS CLASS ACTION SETTLEMENTS. THE COURT'S APPROVAL OF THESE SETTLEMENTS GENERALLY PROVIDES THAT THE FOUNDATION WILL OVERSEE AND ADMINISTER THEIR DISTRIBUTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla M Palumbo President | OfficerTrustee | 8 | $0 |
Hon Cheryl E Chambers Vice President | OfficerTrustee | 7 | $0 |
Martin Minkowitz Treasurer | OfficerTrustee | 6 | $0 |
Pamela Mcdevitt Secretary | OfficerTrustee | 2 | $0 |
Lucia B Whisenand Asst. Secretary | OfficerTrustee | 5 | $0 |
Susan B Lindenauer Chief Publicity Officer | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $124,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $391,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,364 |
| Total Program Service Revenue | $0 |
| Investment income | $302,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$65,084 |
| Net Gain/Loss on Asset Sales | -$119,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $633,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $876,053 |
| 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. | $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 | $76,566 |
| Fees for services: Other | $99,492 |
| Advertising and promotion | $6,126 |
| Office expenses | $7,988 |
| Information technology | $47,474 |
| Royalties | $0 |
| Occupancy | $6,150 |
| Travel | $970 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,197 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,452,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,622 |
| Savings and temporary cash investments | $224,522 |
| 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 | $25,641 |
| Net Land, buildings, and equipment | $27,608 |
| Investments—publicly traded securities | $7,561,461 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,592,532 |
| Total assets | $11,884,386 |
| Accounts payable and accrued expenses | $2,820 |
| Grants payable | $0 |
| Deferred revenue | $3,825 |
| 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 | $6,645 |
| Net assets without donor restrictions | $10,759,566 |
| Net assets with donor restrictions | $1,118,175 |
| 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 | $11,884,386 |
Grants Awarded
Over the last fiscal year, New York Bar Foundation has awarded $342,523 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS JUSTICE BROOKLYN PURPOSE: ACCESS JUSTICE BROOKLYN HOMEOWNER ASSISTANCE PROGRAM | $7,437 |
BROOKLYN DEFENDER SERVICES PURPOSE: CIVIL JUSTICE AFFORDABLE HOUSING SPECIALIST | $6,937 |
BOYS AND GIRLS REPUBLIC PURPOSE: THE BOYS AND GIRLS REPUBLIC (BGR) SELF-GOVERNMENT PROGRAM FOR AT-RISK YOUTH | $5,437 |
BROOKLYN LAW SCHOOL PURPOSE: SURVIVORS JUSTICE PROJECT | $5,437 |
CABRINI IMMIGRANT SERVICES OF NYC PURPOSE: IMMIGRATION LEGAL SERVICES PROGRAM | $6,937 |
CENTER FOR FAMILY REPRESENTATION (CFR) PURPOSE: INTERDISCIPLINARY CIVIL DEFENSE TEAMS FOR HOUSING AND PUBLIC BENEFITS | $6,937 |