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Nonprofiteer
← N Y A C ATHLETES FUND INC

Form 990 for tax year 2022

Filed by N Y A C ATHLETES FUND INC.

Totals

Total revenue
$183,970
Total expenses
$175,305
Contributions and grants received
$194,400
Grants paid
$85,500
Program service revenue
$0
Investment income
$79,124
Other revenue
-$89,554
Total assets, end of year
$2,813,775
Total liabilities, end of year
$244,259
Net assets or fund balances, end of year
$2,569,516
Program services expenses (Part IX)
$111,604
Management and general expenses
$57,175
Fundraising expenses
$6,526
Program service expenses (Part III)
$111,604

Program services were 63.7% 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.

  • 1c · Fundraising events

    $181,000

  • 1f · All other contributions, gifts and grants

    $13,400

  • 3 · Investment income

    total $52,734 · excluded $52,734

  • 7a · Gross sales of assets other than inventory

    securities $187,445

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

    securities $161,055

  • 7c · Gain or loss

    securities $26,390

  • 7d · Net gain or loss

    total $26,390 · excluded $26,390

  • 8a · Fundraising events: gross income

    $256,800

  • 8a · Fundraising events: contributions included on line 1c

    $181,000

  • 8b · Fundraising events: direct expenses

    $346,354

  • 8c · Net income from fundraising events

    total -$89,554 · excluded -$89,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,500 · program services $85,500

  • 11c · Fees: accounting

    total $21,500 · management and general $21,500

  • 11f · Fees: investment management

    total $32,870 · management and general $32,870

  • 16 · Occupancy

    total $2,700 · management and general $2,700

  • 24a · Other expenses: SECRETARIAL

    total $32,630 · program services $26,104 · fundraising $6,526

  • 24b · Other expenses: ALL OTHER EXPENSES

    total $105 · management and general $105

  • 26 · Joint costs (an allocation of the lines above)

    total $32,630 · program services $26,104 · management and general $0 · fundraising $6,526

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $353,185 · end of year $184,610

  • 4 · Accounts receivable

    beginning of year $114,850 · end of year $307,700

  • 11 · Investments: publicly traded securities

    beginning of year $2,110,773 · end of year $2,321,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $178,137 · end of year $244,259

  • 27 · Net assets without donor restrictions

    beginning of year $2,268,276 · end of year $2,431,737

  • 28 · Net assets with donor restrictions

    beginning of year $132,395 · end of year $137,779

Mission and programs · 2022

Mission

SEE SCHEDULE O

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE FUND SUPPORTS WORTHY ORGANIZATIONS THAT ASSIST NEEDY AND DISADVANTAGED INNER-CITY YOUTH THROUGH SPORTS.

    Expenses $111,604 · Grants $85,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James R Rafferty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Curt R Clausen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Alfred H Green

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Richard M Scarlata

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • John W Neary

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Christopher O Cassell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Regina Conroy-Keller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • John Nonna

    SECRETARY

    Total calculated
    $0
    Hours/week
    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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 July 2024
IRS schema version
2022v5.0
Source object
202411959349300611

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