Police Relief Fund Inc
- Assets
- $11.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- New York City, NY
- Founding
- 06/1925
- Data as of
- 12/2021
- EIN
- 23-7331002
Organization Overview
Police Relief Fund Inc is located in New York City, NY. The organization was established in 1925. According to its NTEE Classification (I11) the organization is classified as: Single Organization Support, 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. Police Relief Fund Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Police Relief Fund Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. 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
TO PROVIDE ASSISTANCE TO POLICE OFFICERS OF THE NEW YORK CITY POLICE DEPARTMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DEATH BENEFITS TO POLICE OFFICERS WHO DIE IN THE LINE OF DUTY OR WHILE IN ACTIVE SERVICE.
PROVIDING NON-EMERGENCY AMBULANCE & VAN TRANSPORTATION AND TO PROVIDE MEDICAL EQUIPMENT & SUPPLIES (HOSPITAL BEDS, OXYGEN, ETC.) TO POLICE OFFICERS IN NEED.
PROVIDING FUNDING TO AN INDEPENDENT SECTION 501(C)(3) ORGANIZATION THAT PROVIDES CONFIDENTIAL COUNSELING SERVICES TO POLICE OFFICERS WITH ALCOHOLIC AND OTHER PROBLEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Corey 1st Vice Pres. | OfficerTrustee | 1 | $0 |
Paul Digiacomo 2nd Vice Pres. | OfficerTrustee | 1 | $0 |
Louis Turco Treasurer | OfficerTrustee | 1 | $0 |
Patrick Lynch Secretary | OfficerTrustee | 1 | $0 |
Vincent Vallelong Assist. Sec'y | OfficerTrustee | 1 | $0 |
Keechant Sewell President | OfficerTrustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,163,202 |
| Investment income | $294,777 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $95,888 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,557,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $378,813 |
| Grants and other assistance to domestic individuals. | $680,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $394,106 |
| 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 | $55,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,032 |
| Fees for services: Other | $85,165 |
| Advertising and promotion | $0 |
| Office expenses | $13,381 |
| 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 | $41,456 |
| Insurance | $160,628 |
| All other expenses | $0 |
| Total functional expenses | $1,851,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,528 |
| Savings and temporary cash investments | $149,905 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,484 |
| Net Land, buildings, and equipment | $179,724 |
| Investments—publicly traded securities | $11,037,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,947,456 |
| Accounts payable and accrued expenses | $417,230 |
| 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 | $417,230 |
| Net assets without donor restrictions | $11,530,226 |
| 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 | $11,947,456 |
Grants Awarded
Over the last fiscal year, Police Relief Fund Inc has awarded $453,885 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: TO FUND TREATMENT FOR POLICE OFFICERS WITH PROBLEMS | $423,885 |
Bronx, NY PURPOSE: help organization that helps members of fund | $10,000 |
Bronx, NY PURPOSE: help organization that helps members of fund | $10,000 |
Browns Mills, NJ PURPOSE: help organization that helps members of fund | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Police Relief Fund Inc has recieved totaling $1,606,336.
| Awarding Organization | Amount |
|---|---|
Police Benevolent Assoc Of The City Of New York Inc New York, NY PURPOSE: Program Support | $803,168 |
Police Benevolent Assoc Of The City Of New York Inc New York, NY PURPOSE: Program Support | $803,168 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooklyn Community Bail Fund Inc Brooklyn, NY | $11,608,502 | $3,785,948 |
Police Unity Tour Inc Florham Park, NJ | $3,710,643 | $2,308,229 |
Nassau County Police Department Foundation Inc Garden City, NY | $4,783,921 | $4,138,038 |
Police Relief Fund Inc New York City, NY | $11,947,456 | $1,557,370 |
Police Unity Tour Inc Point Pleasant, NJ | $493,430 | $868,209 |
Philadelphia Police Foundation Philadelphia, PA | $1,821,617 | $1,585,772 |
Silver Shield Foundation Inc New York, NY | $5,350,617 | $1,295,987 |
West End House Support Inc Allston, MA | $12,988,772 | $560,890 |
Pennsylvania Council Of Chief Juvenile Probation Officers West Chester, PA | $449,466 | $366,006 |
Cheltenham Police Pension Fund Inc Elkins Park, PA | $6,240,384 | $328,938 |
Massachusetts Chiefs Of Police Association Foundation Inc South Grafton, MA | $145,780 | $265,746 |
Pbf Holdings Inc Philadelphia, PA | $545,286 | $1,905 |