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Nonprofiteer
← PHILANTHROPY NEW YORK INC

Form 990 for tax year 2024

Filed by PHILANTHROPY NEW YORK INC.

Totals

Total revenue
$8,085,625
Total expenses
$6,566,521
Contributions and grants received
$7,531,666
Grants paid
$500,000
Program service revenue
$297,919
Investment income
$245,790
Other revenue
$10,250
Total assets, end of year
$13,166,883
Total liabilities, end of year
$2,800,929
Net assets or fund balances, end of year
$10,365,954
Program services expenses (Part IX)
$5,628,854
Management and general expenses
$865,985
Fundraising expenses
$71,682
Program service expenses (Part III)
$5,628,854

Program services were 85.7% 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.

  • 1b · Membership dues

    $2,774,360

  • 1f · All other contributions, gifts and grants

    $4,757,306

  • 2a · Program service revenue: MANAGEMENT FEES

    total $212,049 · related or exempt $212,049

  • 2b · Program service revenue: PROGRAM FEES

    total $85,870 · related or exempt $85,870

  • 3 · Investment income

    total $245,877 · excluded $245,877

  • 6a · Gross rents

    real property $394,172

  • 6b · Less rental expenses

    real property $394,172

  • 6c · Rental income or loss

    real property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,235,360

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

    securities $1,235,447

  • 7c · Gain or loss

    securities -$87

  • 7d · Net gain or loss

    total -$87 · excluded -$87

  • 11a · Other revenue: WEB POSTING FEES

    total $10,250 · excluded $10,250

  • 11e · Other revenue, total

    $10,250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 5 · Compensation of officers, directors and key employees

    total $319,829 · program services $31,983 · management and general $271,854 · fundraising $15,992

  • 7 · Other salaries and wages

    total $1,453,747 · program services $1,329,985 · management and general $108,213 · fundraising $15,549

  • 8 · Pension plan contributions

    total $209,548 · program services $183,841 · management and general $23,087 · fundraising $2,620

  • 9 · Other employee benefits

    total $254,067 · program services $211,463 · management and general $38,875 · fundraising $3,729

  • 10 · Payroll taxes

    total $123,500 · program services $97,007 · management and general $24,401 · fundraising $2,092

  • 11a · Fees: management

    total $329,437 · program services $329,437

  • 11b · Fees: legal

    total $4,035 · program services $3,169 · management and general $798 · fundraising $68

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11d · Fees: lobbying

    total $108,000 · program services $108,000

  • 11f · Fees: investment management

    total $4,643 · management and general $4,643

  • 11g · Fees: other

    total $1,886,855 · program services $1,756,995 · management and general $119,574 · fundraising $10,286

  • 13 · Office expenses

    total $105,967 · program services $76,744 · management and general $27,734 · fundraising $1,489

  • 14 · Information technology

    total $186,925 · program services $173,064 · management and general $12,763 · fundraising $1,098

  • 16 · Occupancy

    total $533,672 · program services $334,556 · management and general $183,342 · fundraising $15,774

  • 17 · Travel

    total $200,558 · program services $191,568 · management and general $8,278 · fundraising $712

  • 19 · Conferences, conventions and meetings

    total $221,292 · program services $215,298 · management and general $5,519 · fundraising $475

  • 22 · Depreciation, depletion and amortization

    total $92,083 · program services $72,322 · management and general $18,196 · fundraising $1,565

  • 23 · Insurance

    total $16,363 · program services $13,422 · management and general $2,708 · fundraising $233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152 · end of year $3,275,363

  • 2 · Savings and temporary cash investments

    beginning of year $3,437,840 · end of year $1,235,003

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,465,000

  • 4 · Accounts receivable

    beginning of year $0 · end of year $11,187

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,150 · end of year $53,693

  • 10a · Land, buildings and equipment: cost or other basis

    $899,946

  • 10b · Land, buildings and equipment: accumulated depreciation

    $850,267

  • 10c · Land, buildings and equipment, net

    beginning of year $141,762 · end of year $49,679

  • 11 · Investments: publicly traded securities

    beginning of year $5,023,259 · end of year $5,034,366

  • 15 · Other assets

    beginning of year $2,131,701 · end of year $2,042,592

  • 17 · Accounts payable and accrued expenses

    beginning of year $163,206 · end of year $166,426

  • 19 · Deferred revenue

    beginning of year $130,869 · end of year $266,431

  • 25 · Other liabilities

    beginning of year $2,420,357 · end of year $2,368,072

  • 27 · Net assets without donor restrictions

    beginning of year $4,532,841 · end of year $4,734,893

  • 28 · Net assets with donor restrictions

    beginning of year $3,529,591 · end of year $5,631,061

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

ENHANCES ABILITY OF ORGANIZATIONAL & INDIVIDUAL PHILANTHROPISTS TO SERVE THE PUBLIC GOOD

  • FISCAL SPONSORSHIP IS A SERVICE PHILANTHROPY NEW YORK OFFERS TO STRENGTHEN THE CAPACITY OF GRANT-MAKING ORGANIZATIONS TO FULFILL THEIR RESPECTIVE MISSIONS TO SERVE THE PUBLIC GOOD. CHARITABLE GROUPS, PROJECTS, AND DONOR COLLABORATIONS ARE OFFERED A TAX-EXEMPT HOME SO THEY CAN FOCUS ON THEIR MISSION AND EFFICIENTLY MANAGE BACK-OFFICE OPERATIONS. PNY PROVIDES ADMINISTRATIVE SERVICES SUCH AS ACCOUNTING, HUMAN RESOURCES, AND GRANTS MANAGEMENT, THEREBY ENABLING THE SPONSORED PROJECT TO FOCUS ON MISSION-RELATED ACTIVITIES SUCH AS PROGRAMMING AND FUNDRAISING.

    Expenses $2,704,052 · Grants $500,000

  • MEMBER ENGAGEMENT AND COMMUNICATIONS: PHILANTHROPY NEW YORK SERVES AS A CONNECTOR, CONSULTANT, AND PROBLEM SOLVER FOR ITS MEMBERS. PHILANTHROPY NEW YORK STAFF CONNECT MEMBERS TO THEIR PEERS AND TO RESEARCH, RESOURCES, AND REPORTS TO ANSWER A MYRIAD OF CHALLENGING QUESTIONS RANGING FROM THE DEEPLY TECHNICAL ASPECTS OF PHILANTHROPY, SUCH AS GRANTS MANAGEMENT TO THE GOVERNANCE AND ENGAGEMENT OF BOARD MEMBERS AND TRUSTEES. PNY PROVIDES A VARIETY OF COHORT EXPERIENCES DESIGNED TO BUILD LEADERSHIP AT EVERY STAGE OF MEMBERS' CAREERS - FROM EARLY TO SEASONED PROFESSIONALS. THE ORGANIZATION UTILIZES ITS COMMUNICATIONS TO AMPLIFY LEARNING FROM PROGRAMS, LIFT THE VOICES OF MEMBERS ON CRITICAL ISSUES, AND SHARE KNOWLEDGE ACROSS THE SECTOR. PNY COMMUNICATIONS SUPPORT POLICY AND ADVOCACY EFFORTS THAT AMPLIFY THE VOICE OF THE FIELD AND ADVOCATE FOR A STRONGER PHILANTHROPIC AND NONPROFIT ECOSYSTEM.

    Expenses $1,025,627

  • LEARNING AND PROGRAMS: PHILANTHROPY NEW YORK'S LEARNING PROGRAMS CONVENE AND CONNECT FUNDERS, SEED CRITICAL CONVERSATIONS, AND BUILD OUR MEMBERS' CAPACITIES IN THEIR ROLES AND IN THEIR WORK IN THE FIELD. THE ORGANIZATION DESIGNS ROBUST LEARNING OPPORTUNITIES THAT EQUIP MEMBERS TO UNDERSTAND AND ADAPT TO SHIFTING NORMS AND EMERGING TRENDS IN THE FIELD. PROGRAMS HELP MEMBERS CULTIVATE KEY SKILLS AND IMPLEMENT PRACTICE MODELS THAT FIT THEIR UNIQUE NEEDS. TOPICS RANGE FROM THE PROFESSIONAL AND LEADERSHIP DEVELOPMENT OF GRANTMAKERS, TO PUBLIC POLICY AND ADVOCACY, TO SPECIFIC FUNDING ISSUES SUCH AS THE ARTS, HEALTH, EDUCATION, JUSTICE REFORM AND THE ENVIRONMENT. WE PRIORITIZE PROGRAMMING THAT HELPS FUNDERS ADDRESS ROOT CAUSES OF INEQUITY THROUGH THEIR PHILANTHROPIC PRACTICES AND LEARNING THAT HELPS MEMBERS OPERATIONALIZE EQUITY COMMITMENTS INTERNALLY.

    Expenses $774,616 · Revenue $85,870

  • PUBLIC POLICY ENGAGEMENT: PHILANTHROPY NEW YORK ENGAGES IN PUBLIC POLICY EFFORTS THAT PROMOTE EFFECTIVE PHILANTHROPY AND BUILD STRONGER COMMUNITIES. THE ORGANIZATION FOSTERS RELATIONSHIPS BETWEEN MEMBERS AND LOCAL AND FEDERAL OFFICIALS TO EXCHANGE KNOWLEDGE AND SHAPE LOCAL, STATE AND FEDERAL LEGISLATION; PROVIDES ANALYSIS, INSIGHTS, AND CALLS TO ACTION VIA COMMUNICATIONS SUCH AS THE PUBLIC POLICY CORNER; AND ISSUES PUBLIC POLICY STATEMENTS SUPPORTING NONPROFITS AND SYSTEMIC CHANGE. PHILANTHROPY NEW YORK ADVOCATES FOR OR AGAINST LEGISLATION AFFECTING NONPROFITS AND FOUNDATIONS, INCLUDING PRESENTING TESTIMONY, VISITING ELECTED OFFICIALS AND SUBMITTING AMICUS BRIEFS. NETWORK BUILDING: PHILANTHROPY NEW YORK FACILITATES FUNDER COLLABORATION BY MANAGING PEER-TO-PEER PROFESSIONAL NETWORKS AND ISSUE-BASED WORKING GROUPS. THESE NETWORKS ARE DESIGNED TO HELP MEMBERS LEARN WHAT'S HAPPENING AT THEIR COLLEAGUES' FOUNDATIONS, EXCHANGE LESSONS LEARNED AND STRATEGIES FOR STRENGTHENING PRACTICE, NAVIGATE THE SECTOR AND FORM LASTING CONNECTIONS THAT IMPROVE THEIR OWN WORK AND THAT OF THE LARGER SECTOR. PEER PROFESSIONAL NETWORKS ARE A PLACE WHERE PARTICIPANTS CAN SHARE ADVICE AND OFFER SUPPORT ON TOPICS AND ISSUES THAT COVER THE FULL SCOPE OF THEIR PROFESSIONAL WORK. PEER NETWORKS ALSO HELP MEMBERS STAY CONNECTED TO EACH OTHER AND ABREAST OF CURRENT ISSUES THAT RELATE TO THEIR WORK. ISSUE-BASED WORKING GROUPS PROVIDE VALUABLE PROFESSIONAL CONNECTIONS, ENABLE MEMBERS TO POOL RESOURCES, DEVELOP COLLABORATIVE FUNDING INITIATIVES AND DRAW ON COLLECTIVE EXPERTISE TO STRATEGIZE AROUND COMPLEX PROBLEMS.

    Expenses $1,124,559 · Revenue $212,049

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

Listed in Part VII

  • Rini Banerjee

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Nicole Hower Buggs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Neill Coleman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Rosanna Aybar

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Jason McGill

    SECRETARY, THRU 05/24

    Total calculated
    $0
    Hours/week
    2
  • Don Chen

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Laura Aden

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Kenneth Austin

    MEMBER, THRU 05/2024

    Total calculated
    $0
    Hours/week
    2
  • Kenya Bryant

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Nishka Chandrasoma

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jenn Ching

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Tanuja Dehne

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Brennan Gang

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Irfan Hasan

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Channon Lucas

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Rickke Mananzala

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Maria Mottola

    MEMBER, THRU 05/2024

    Total calculated
    $0
    Hours/week
    2
  • Jenny Negron

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Heather Nesle

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Mariko Silver

    MEMBER, THRU 09/2024

    Total calculated
    $0
    Hours/week
    2
  • Altaf Rahamatulla

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jose Roman

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Molly Schultz Hafid

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Deborah Velazquez

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Kathryn O'Neal-Dunham

    CEO

    Total calculated
    $319,828
    From this org
    $272,905
    From related orgs
    $0
    Other
    $46,923
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $264,524
    Bonus
    $8,111
    Other
    $270
    Deferred
    $28,074
    Nontaxable benefits
    $18,849
    Filer's total
    $319,828
  • Kristen Ruff

    SENIOR VICE PRESIDENT

    Total calculated
    $245,444
    From this org
    $173,755
    From related orgs
    $0
    Other
    $71,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,781
    Bonus
    $8,794
    Other
    $180
    Deferred
    $19,317
    Nontaxable benefits
    $52,372
    Filer's total
    $245,444
  • Stephanie Boarden

    CHIEF OF STAFF

    Total calculated
    $184,699
    From this org
    $164,704
    From related orgs
    $0
    Other
    $19,995
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,467
    Bonus
    $8,057
    Other
    $180
    Deferred
    $12,467
    Nontaxable benefits
    $7,528
    Filer's total
    $184,699
  • Marlon Williams

    VP OF COLLABORATION & POLICY

    Total calculated
    $209,897
    From this org
    $158,284
    From related orgs
    $0
    Other
    $51,613
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,117
    Bonus
    $7,987
    Other
    $180
    Deferred
    $5,182
    Nontaxable benefits
    $46,431
    Filer's total
    $209,897
  • Yi-Ching Lin

    VP OF LEARNING

    Total calculated
    $198,778
    From this org
    $147,898
    From related orgs
    $0
    Other
    $50,880
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,349
    Bonus
    $4,279
    Other
    $270
    Deferred
    $20,094
    Nontaxable benefits
    $30,786
    Filer's total
    $198,778
  • Donita Volkwijn

    SEN. DIRECTOR, MEMBER ENGAGEMENT

    Total calculated
    $143,864
    From this org
    $122,854
    From related orgs
    $0
    Other
    $21,010
    Hours/week
    40

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

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2024, WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2024 FORM W-2, BOX 5.

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

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202541339349301724

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