Form 990 for tax year 2023

Totals

Total revenue

$118,596,237

Total expenses

$98,489,750

Contributions and grants received

$114,690,146

Grants paid

$78,048,564

Program service revenue

$0

Investment income

$3,905,755

Other revenue

$336

Total assets, end of year

$118,681,087

Total liabilities, end of year

$7,623,317

Net assets or fund balances, end of year

$111,057,770

Program services expenses (Part IX)

$91,380,173

Management and general expenses

$6,509,189

Fundraising expenses

$600,388

Program service expenses (Part III)

$91,380,173

Program services were 92.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• TODAY, OUR EDUCATIONAL SYSTEM WORKS WELL FOR FAR TOO FEW CHILDREN IN THE UNITED STATES. THIS FAILURE NOT ONLY DEPRIVES MILLIONS OF CHILDREN OF A LEGITIMATE PATHWAY TO PURSUE GAINFUL EMPLOYMENT AND A PURPOSE-FILLED LIFE, BUT IT IS ALSO A THREAT TO THE WELLBEING OF OUR NATION.TO ADDRESS THESE SYSTEMIC CHALLENGES, CITY FUND INVESTS IN AND SUPPORTS CITY-BASED NONPROFIT ORGANIZATIONS DEDICATED TO INCREASING THE NUMBER OF HIGH-QUALITY PUBLIC SCHOOLS IN THEIR CITIES AND OTHERWISE IMPROVING OUTCOMES FOR ALL CHILDREN. CITY FUND SUPPORTS NONPROFITS THAT SHARE ITS MISSION IN THREE CORE WAYS: ADVISING; FUNDING; AND CONVENING. (CONTINUED ON SCH. O)ADVISING: CITY FUND PROVIDES ADVISING AND COACHING SUPPORT TO THE LEADERS OF CITY-BASED NONPROFIT ORGANIZATIONS AIMING TO IMPROVE PUBLIC SCHOOL OUTCOMES. CITY FUND FOCUSES ITS ADVISING EFFORTS ON CITY-BASED NON-PROFIT ORGANIZATIONS THAT ARE PLAYING A KEY LEADERSHIP ROLEINVESTING IN THE CREATION OF NEW, HIGH-QUALITY PUBLIC SCHOOLS, FUNDING AND DEVELOPING EDUCATOR TALENT PIPELINES, ENGAGING THEIR COMMUNITY, AND SUPPORTING EDUCATION POLICY IMPROVEMENTS.FUNDING: CITY FUND PROVIDES FUNDING TO CITY-BASED NONPROFIT ORGANIZATIONS FOCUSED ON IMPROVING PUBLIC SCHOOLS. THROUGH THIS GRANTMAKING, CITY FUND MAKES STRATEGIC INVESTMENTS IN THE MOST EFFECTIVE, HIGH-IMPACT, OR PROMISING ORGANIZATIONS WORKING ON THE DEVELOPMENT AND GROWTH OF HIGH-QUALITY PUBLIC SCHOOLS AND AFFILIATED EDUCATIONAL PROGRAMMING FOR DISADVANTAGED CHILDREN.CONVENING: CITY FUND ALSO CONVENES CITY-BASED EDUCATION NONPROFIT LEADERS AND OTHER KEY STAKEHOLDERS IN COMMUNITIES OF PRACTICE TO FACILITATE PEER-TO-PEER LEARNING. THESE EVENTS BRING NONPROFIT LEADERS, FUNDERS, AND OTHER STAKEHOLDERS TOGETHER TO LEARN ABOUT DIFFERENT APPROACHES TO IMPROVING PUBLIC EDUCATION. THE CONVENINGS CONSIST OF CONFERENCES, WORKING GROUP MEETINGS, AND OTHER IN-PERSON MEETINGS ACROSS THE COUNTRY. THE PURPOSE OF ALL CONVENINGS IS TO UNITE THOSE WORKING TO IMPROVE OUTCOMES FOR CHILDREN IN ORDER TO SHARE BEST PRACTICES AND NEW INSIGHTS.

  Expenses $91,380,173 · Grants $78,048,564

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• THE MIND TRUST INC

  $9,133,000

  TO SUPPORT CAPACITY DEVELOPMENT OF SENIOR LEADERSHIP

• EDUCATION FORWARD DC

  $6,836,000

  TO EXPAND ACCESS TO HIGH-QUALITY SCHOOLS FOR DC STUDENTS AND FAMILIES

• NEW JERSEY CHILDRENS FOUNDATION INC

  $6,600,000

  TO SUPPORT GRANTEE'S WORK THAT AIMS TO BUILD AND SUSTAIN THE CONDITIONS FOR EXPANSION OF GREAT PUBLIC SCHOOLS IN NEWARK, NEW JERSEY

• FORT WORTH EDUCATION PARTNERSHIP INC

  $6,000,000

  TO ADVANCE FT. WORTH EDUCATION PARTNERSHIPS GOAL TO ADD 50,000 QUALITY SEATS BY 2035 WITH SUPPORT FOR NONPROFIT SEAT GROWTH, COMMS AND ADVOCACY CAPACITY, EXPANDED VOTER MOBILIZATION EFFORTS, AND INTERNAL OPERATIONS

• CITY EDUCATION PARTNERS

  $4,100,000

  TO SUPPORT GRANTEE'S NON-LOBBY ADVOCACY WORK, INCREASE QUALITY SEATS, STRONGER TALENT, BETTER COMMUNICATIONS, AND GENERAL OPERATIONS

• NEW SCHOOLS FOR NEW ORLEANS

  $3,700,000

  FUND NSNOS WORK TO INCREASE HIGH QUALITY SCHOOL OPTIONS, SUPPORT TEACHER AND LEADER DEVELOPMENT PROGRAMS, AND IMPROVE COMMUNICATIONS STRATEGIES REGARDING OUR UNIQUE ECOSYSTEM OF SCHOOLS

• ROOTED

  $3,400,000

  TO SUPPORT THE EXPANSION OF HIGH QUALITY SCHOOLS, STRONG FAMILY ADVOCACY, AND STRATEGIC COMMUNICATIONS IN DENVER

• BLAQUE KC

  $2,910,000

  TO RE-LAUNCH CHARTER SCHOOL GROWTH IN KANSAS CITY TO INCREASE CHARTER SHARE AND EXPAND QUALITY; TO CONTINUE COALITION BUILDING AND NON-LOBBY ADVOCACY TO BUILD THE EDUCATION ECOSYSTEM IN KANSAS CITY.

• RHODE ISLAND EDUCATION COLLECTIVE INC

  $2,620,000

  TO SUPPORT THE FIRST TWO YEARS OF THE RHODE ISLAND COLLECTIVES OPERATIONS, A NEW NONPROFIT ORGANIZATION THAT WILL BRING PEOPLE, IDEAS, AND CAPITAL TOGETHER TO CREATE A COLLECTIVE EDUCATION AGENDA FOCUSED ON EQUITABLE ACCESS TO HIGH-QUALITY EDUCATION FOR ALL STUDENTS IN RHODE ISLAND.

• REDEFINED ATLANTA

  $2,192,500

  TO EXPAND THE IMPACT OF HIGH-QUALITY AUTONOMOUS SCHOOLS IN ATLANTA'S MOST HISTORICALLY MARGINALIZED AND UNDER-RESOURCED COMMUNITIES

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• CAMPAIGN FOR GREAT PUBLIC SCHOOLS

  501(C)(4) · EDUCATIONAL · DC · controlled entity

  Directly controlled by CITY FUND

Provenance

Return type

form_990

Tax year

2023

Filed

31 March 2025

IRS schema version

2023v6.0

Source object

202530949349300438

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.