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← FOUNDATION FOR ABILITIES FIRST NY

Form 990 for tax year 2024

Filed by FOUNDATION FOR ABILITIES FIRST NY.

What the amendment changed

Compared with the return it replaced , filed 11 November 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$465,840
Total expenses
$400,807
Contributions and grants received
$416,319
Grants paid
$0
Program service revenue
$0
Investment income
$45,080
Other revenue
$4,441
Total assets, end of year
$930,327
Total liabilities, end of year
$201,366
Net assets or fund balances, end of year
$728,961
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$400,807
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $103,629

  • 1f · All other contributions, gifts and grants

    $312,690

  • 3 · Investment income

    total $45,080 · excluded $45,080

  • 8a · Fundraising events: gross income

    $61,702

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

    $103,629

  • 8b · Fundraising events: direct expenses

    $61,702

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $4,441 · related or exempt $4,441

  • 11e · Other revenue, total

    $4,441

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $170,584 · fundraising $170,584

  • 8 · Pension plan contributions

    total $3,136 · fundraising $3,136

  • 9 · Other employee benefits

    total $10,193 · fundraising $10,193

  • 10 · Payroll taxes

    total $12,617 · fundraising $12,617

  • 11f · Fees: investment management

    total $21,708 · fundraising $21,708

  • 11g · Fees: other

    total $10,404 · fundraising $10,404

  • 13 · Office expenses

    total $17,486 · fundraising $17,486

  • 17 · Travel

    total $1,160 · fundraising $1,160

  • 23 · Insurance

    total $5,492 · fundraising $5,492

  • 24a · Other expenses: OTHER OPERATING COSTS

    total $147,538 · fundraising $147,538

  • 24b · Other expenses: FOOD

    total $489 · fundraising $489

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $228,414 · end of year $577,526

  • 2 · Savings and temporary cash investments

    beginning of year $283,955 · end of year $345,921

  • 4 · Accounts receivable

    end of year $2,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,980 · end of year $3,980

  • 25 · Other liabilities

    beginning of year $162,343 · end of year $201,366

  • 27 · Net assets without donor restrictions

    beginning of year $180,186 · end of year $554,873

  • 28 · Net assets with donor restrictions

    beginning of year $173,820 · end of year $174,088

Mission and programs · 2024

Mission

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.

  • 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.

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

Listed in Part VII

  • Joshua Mackey

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Peter Setaro

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Anthony Morando

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Michael Pine

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • David Melby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jacob Friedman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Amy Bombardieri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michael Mazzuca

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Brianna McKee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Carla Alfieri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Marlo Delarosa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • John Farina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Michelle Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jeffery Fox

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $365,636
    From this org
    $0
    From related orgs
    $317,009
    Other
    $48,627
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,259 related
    Bonus
    $0 + $45,750 related
    Other
    $0
    Deferred
    $0 + $15,850 related
    Nontaxable benefits
    $0 + $32,777 related
    Filer's total
    $0 + $365,636 related
  • Joann Parker

    FOUNDATION DIRECTOR

    Total calculated
    $121,127
    From this org
    $0
    From related orgs
    $114,065
    Other
    $7,062
    Hours/week
    40
  • Kim Ryder

    CHIEF FINANCIAL OFFICER

    Total calculated
    $175,300
    From this org
    $0
    From related orgs
    $154,065
    Other
    $21,235
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $142,065 related
    Bonus
    $0 + $12,000 related
    Other
    $0
    Deferred
    $0 + $7,703 related
    Nontaxable benefits
    $0 + $13,532 related
    Filer's total
    $0 + $175,300 related

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 committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations 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
2024
Filed
29 January 2026
IRS schema version
2024v5.5
Source object
202610309349302001

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