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Nonprofiteer
← THE NEW YORK TIMES COMMUNITIES FUND

Form 990 for tax year 2024

Filed by THE NEW YORK TIMES COMMUNITIES FUND.

Totals

Total revenue
$11,554,537
Total expenses
$8,697,265
Contributions and grants received
$7,795,775
Grants paid
$8,488,602
Program service revenue
$0
Investment income
$3,758,762
Other revenue
$0
Total assets, end of year
$72,889,166
Total liabilities, end of year
$8,521,001
Net assets or fund balances, end of year
$64,368,165
Program services expenses (Part IX)
$8,488,602
Management and general expenses
$208,663
Fundraising expenses
$0
Program service expenses (Part III)
$8,488,602

Program services were 97.6% 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.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,795,775

  • 3 · Investment income

    total $1,184,515 · excluded $1,184,515

  • 7a · Gross sales of assets other than inventory

    securities $21,511,499

  • 7b · Less cost or other basis and sales expenses

    securities $18,937,252

  • 7c · Gain or loss

    securities $2,574,247

  • 7d · Net gain or loss

    total $2,574,247 · excluded $2,574,247

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,393,552 · program services $8,393,552

  • 2 · Grants to domestic individuals

    total $95,050 · program services $95,050

  • 11f · Fees: investment management

    total $170,000 · management and general $170,000

  • 24a · Other expenses: CREDIT CARD PROCESSING

    total $38,663 · management and general $38,663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,968,545 · end of year $7,095,713

  • 3 · Pledges and grants receivable

    beginning of year $546,105

  • 11 · Investments: publicly traded securities

    beginning of year $45,567,659 · end of year $48,796,806

  • 15 · Other assets

    beginning of year $15,862,607 · end of year $16,996,647

  • 18 · Grants payable

    beginning of year $8,377,728 · end of year $7,521,035

  • 25 · Other liabilities

    beginning of year $0 · end of year $999,966

  • 27 · Net assets without donor restrictions

    beginning of year $30,307,670 · end of year $33,220,380

  • 28 · Net assets with donor restrictions

    beginning of year $29,259,518 · end of year $31,147,785

Mission and programs · 2024

Mission

THE FUND WAS ORIGINATED BY ADOLPH OCHS SULZBERGER, THEN PUBLISHER OF THE NEW YORK TIMES, TO RAISE FUNDS TO PROVIDE TO INDIVIDUALS AND FAMILIES IN DISTRESS. THE FUND'S BOARD OF DIRECTORS SELECTS CERTAIN NON-PROFIT ORGANIZATIONS IN THE NEW YORK METROPOLITAN AREA TO RECEIVE FUNDING. THOSE NON-PROFIT ORGANIZATIONS AND THEIR EXEMPT PURPOSES ARE LISTED ON PAGE 2, PART III, LINE 4 (ITEMS A - D) AS PART OF THE STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS.

Activities or mission (Part I)

NYTCF WAS ORIGINATED TO RAISE FUNDS TO PROVIDE TO INDIVIDUALS AND FAMILIES IN DISTRESS.

  • FEEDING AMERICA:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.

    Expenses $726,506 · Grants $726,506

  • UJA-FEDERATION OF NEW YORK:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.

    Expenses $726,506 · Grants $726,506

  • CATHOLIC CHARITIES, ARCHDIOCESE OF NY:PROVIDES ASSISTANCE TO THE NEEDY IN NYC.

    Expenses $726,506 · Grants $726,506

  • FUNDING ADDITIONAL SOCIAL WELFARE AGENCIES THAT SERVE PEOPLE OF ALL AGES AND BACKGROUNDS IN EVERY BOROUGH OF NEW YORK CITY.CAMFED - $ 726,506CITY HARVEST, INC. - $ 250,000CITYMEALS ON WHEELS - $ 250,000CHILDRENS AID SOCIETY - $ 726,506FIRST BOOK - $ 726,506HISPANIC FEDERATION, INC. - $ 726,506ONE GOAL - $ 726,506PERSCHOLAS - $ 726,506BROOKLYN CHILDREN'S THEATRE - $ 100,000COLLEGE ACCESS - $ 250,000FRESH YOUTH BACK TO SCHOOL DRIVE - $ 5,000LITERACY PARTNERS - $ 100,000READING PARTNERS - $ 500,000RED HOOK INITIATIVE - $ 100,000SITUATION PROJECT - $ 50,000YOUNG AND HEALTHY - $ 250,000EDUCATION: SCHOLARSHIPS - $ 95,050

    Expenses $6,309,084 · Grants $6,309,084

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Diane Brayton

    DIRECTOR/SENIOR VP & SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Eileen Murphy

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3
  • Hannah Yang

    DIRECTOR/CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • James Dryfoos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Larry Gilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Marcia Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Nicolas Kristof

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3
  • Amanda Schwarzenbart

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Brian Rideout

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Elizabeth Holland

    VICE PRESIDENT, PROGRAM ADMINISTRATION

    Total calculated
    $0
    Hours/week
    0.3
  • Mehal Naik

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.3
  • Michael Brown

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.3
  • Pamela Sukhnandan

    DEPUTY PROGRAM ADMINISTRATOR

    Total calculated
    $0
    Hours/week
    0.3
  • R Anthony Benten

    SENIOR VP, FINANCE & TREASURER

    Total calculated
    $0
    Hours/week
    0.3

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.

Grants on this return

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE NEW YORK TIMES COMPANY

    C · PUBLISHING · NY

Provenance

Return type
form_990
Tax year
2024
Filed
15 January 2026
IRS schema version
2024v5.5
Source object
202610159349301811

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