Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $652,640

• 3 · Investment income

  total $409,856 · excluded $409,856

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

  other assets $51,548

• 7c · Gain or loss

  other assets -$51,548

• 7d · Net gain or loss

  total -$51,548 · excluded -$51,548

• 11a · Other revenue: OTHER INCOME

  total $811,210 · related or exempt $811,210

• 11e · Other revenue, total

  $811,210

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 $775,642 · management and general $775,642

• 8 · Pension plan contributions

  total $14,106 · management and general $14,106

• 9 · Other employee benefits

  total $96,861 · management and general $96,861

• 10 · Payroll taxes

  total $32,685 · management and general $32,685

• 11g · Fees: other

  total $313,930 · management and general $313,930

• 12 · Advertising and promotion

  total $15,000 · management and general $15,000

• 13 · Office expenses

  total $6,449 · management and general $6,449

• 16 · Occupancy

  total $29,487 · management and general $29,487

• 19 · Conferences, conventions and meetings

  total $570 · management and general $570

• 22 · Depreciation, depletion and amortization

  total $33,357 · management and general $33,357

• 23 · Insurance

  total $17,125 · management and general $17,125

• 24a · Other expenses: DISSOLUTION EXPENSES

  total $12,690,610 · management and general $12,690,610

• 24b · Other expenses: SETTLEMENT EXPENSES

  total $533,716 · management and general $533,716

• 24c · Other expenses: CONSULTANTS AND CONTRAC

  total $41,467 · management and general $41,467

• 24d · Other expenses: OTHER EXPENSES

  total $20,969 · management and general $20,969

• 24e · All other expenses

  total $43,281 · management and general $43,281

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $61,701 · end of year $161,315

• 2 · Savings and temporary cash investments

  beginning of year $1,303,993 · end of year $12,400,800

• 3 · Pledges and grants receivable

  beginning of year $16,749

• 4 · Accounts receivable

  end of year $5,512

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $84,905 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $12,355,311 · end of year $0

• 15 · Other assets

  beginning of year $265,865 · end of year $140,500

• 17 · Accounts payable and accrued expenses

  beginning of year $745,427 · end of year $17,517

• 25 · Other liabilities

  beginning of year $0 · end of year $12,690,610

• 27 · Net assets without donor restrictions

  beginning of year $10,269,138 · end of year $0

• 28 · Net assets with donor restrictions

  beginning of year $3,073,959 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE PRESIDENT OF PROGRAMS & OPERATION AND PRESIDENT OF DEVELOPMENT & COMMUNICATIONS IS REVIEWED ANNUALLY BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES USING COMPARABLE NATIONAL, REGIONAL AND LOCAL DATA PUBLISHED ON WEB SEARCHES AND ACTUAL 990S FROM SIMILAR ORGANIZATIONS IN NEW YORK CITY. COMPENSATION FOR KEY EMPLOYEES ARE REVIEWED BY THE PERSONNEL COMMITTEE. COMPENSATION IS DETERMINED BY THE CORPORATION'S BUDGET, SALARY RANGE OF THE INDUSTRY, AND STAFF MEMBER'S PERFORMANCE.