Generosity New York Inc
- Assets
- $51.0k
- Revenue
- $820.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Franklin, TN
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-2393529
Organization Overview
Generosity New York Inc is located in Franklin, TN. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Generosity New York Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Generosity New York Inc 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, Generosity New York Inc generated $820.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $832.6k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 4 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
WE STRIVE TO MULTIPLY CHARITABLE RESOURCES BY INSPIRING A CULTURE OF RADICAL GENEROSITY IN GLOBAL MARKETS, STARTING WITH NEW YORK CITY. WE WILL AWAKEN THE HEARTS OF THOSE WITH CAPACITY, AND TEACH THE NEXT GENERATION TO GIVE WITH PURPOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENEROSITY NEW YORK CREATES EXPERIENCES AROUND CHARITABLE GIVING THAT ARE FUN, INFORMED, AND EXPERIENTIAL THAT ARE MEANT TO UNLOCK THE JOY OF GENEROSITY FOR TODAY'S GIVER. THESE EXPERIENCES ARE DELIVERED IN 3 WAYS: 1) CURATED EVENTS THAT PROVIDE A SPACE FOR SAFE, INTELLECTUAL, EXCLUSIVE, AND EXPERIENTIAL LEARNING AND DEVELOPMENT; 2) UNIQUE CONTENT THAT IS RELEVANT, CUTTING EDGE, AND ENTERTAINING EQUIPPING FAMILIES WITH INFORMATION ON WHY TO GIVE, HOW TO GIVE WELL, AND WHERE TO GIVE FOR MAXIMUM IMPACT; 3) PHILANTHROPIC COUNSEL THAT IS SOPHISTICATED AND CUSTOMIZED TO EACH FAMILY, REPRESENTING SOLUTIONS TO MAXIMIZE FAMILY LEGACY AND IMPACT.
GENEROUS.LIFE IS A PLATFORM INTENDED TO REACH, TRANSFORM, AND SERVE LEADERS IN COMMUNITIES ACCROSS THE COUNTRY BY MAXIMIZING THE SOCIAL IMPACT OF THE CHARITABLE CAPITAL THEY RECEIVE AND INCREASE THE GENEROSITY OF THEIR NETWORK.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Smith Managing Dir | Officer | 40 | $236,250 |
Timothy Vickers Director | Officer | 40 | $141,750 |
Brent Blonkvist Board Member | Trustee | 1 | $0 |
Jessica Lindsey Vice Chairman | Trustee | 1 | $0 |
Dg Elmore Board Member | Trustee | 0 | $0 |
Bob Bentson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,905 |
| All other contributions, gifts, grants, and similar amounts not included above | $689,561 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $820,466 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $820,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,250 |
| 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. | $378,000 |
| Compensation of current officers, directors, key employees. | $25,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,668 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,391 |
| Payroll taxes | $25,035 |
| 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 | $0 |
| Fees for services: Other | $74,349 |
| Advertising and promotion | $0 |
| Office expenses | $1,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,191 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $952 |
| Insurance | $7,214 |
| All other expenses | $1,546 |
| Total functional expenses | $832,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,000 |
| 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 | $3,172 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,031 |
| Accounts payable and accrued expenses | $40,878 |
| 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 | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $140,878 |
| Net assets without donor restrictions | -$89,847 |
| 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 | $51,031 |
Grants Awarded
Over the last fiscal year, Generosity New York Inc has awarded $39,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Charleston, SC | | $33,250 |
Tacoma, WA | | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Generosity New York Inc has recieved totaling $217,249.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $188,749 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $28,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Coca Qalicb Inc Saint Louis, MO | $31,981,162 | $1,980,360 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |