Foundation For Abilities First Ny
- Assets
- $451.5k
- Revenue
- $361.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Wappingers Falls, NY
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 83-3116304
Organization Overview
Foundation For Abilities First Ny is located in Wappingers Falls, NY. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Foundation For Abilities First NY employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Abilities First NY 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, Foundation For Abilities First NY generated $361.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $453.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE FOUNDATION FOR ABILITIES FIRST NY IS TO GARNER THE FINANCIAL RESOURCES NECESSARY TO MEET THE PROGRAMMATIC INTERESTS AND TO ASSURE THE SUSTAINABILITY OF THE MISSION OF ABILITIES FIRST, INC. FAFNY WILL ESTABLISH A STABLE COMMITMENT OF PHILANTHROPIC SUPPORT, TO ASSURE THE PROGRAMS, SERVICES, AND QUALITY OF LIFE OPPORTUNITIES REMAIN STRONG AND AVAILABLE, AS WELL AS ENSURE THE ORGANIZATION'S FISCAL RESILIENCY DURING UNEXPECTED CHANGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOR ABILITIES FIRST NY, INC. STAFF LEAD THE EFFORTS TO GARNER THE FINANCIAL RESOURCES NECESSARY TO MEET THE PROGRAMMATIC INTERESTS OF THE MISSION OF ABILITIES FIRST, INC. THE PRIMARY ACCOMPLISHMENTS OF THE FOUNDATION OPERATIONS ARE THE PROCUREMENT OF IN-KIND SUPPORT FOR THE OPERATIONAL PROGRAMMATIC NEEDS OF THE AGENCY, AS WELL AS FUNDRAISING INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Mackey Chair | OfficerTrustee | 2 | $0 |
Peter Setaro Vice Chair | OfficerTrustee | 2 | $0 |
Anthony Morando Secretary | OfficerTrustee | 2 | $0 |
Michael Pine Treasurer | OfficerTrustee | 2 | $0 |
David Melby Board Member | Trustee | 2 | $0 |
Renee Macdonald Board Member | Trustee | 2 | $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 | $262,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,051 |
| 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 | $84,464 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $76,759 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,563 |
| Pension plan accruals and contributions | $434 |
| Other employee benefits | $13,856 |
| Payroll taxes | $16,468 |
| 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 | $60,944 |
| Advertising and promotion | $0 |
| Office expenses | $7,664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,424 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $453,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,528 |
| Savings and temporary cash investments | $80,000 |
| 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 | $3,980 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,508 |
| 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 | $207,409 |
| Total liabilities | $207,409 |
| Net assets without donor restrictions | $46,306 |
| Net assets with donor restrictions | $197,793 |
| 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 | $451,508 |