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← GOTHAM GIVES INC

Form 990 for tax year 2022

Filed by GOTHAM GIVES INC.

What the amendment changed

Compared with the return it replaced , filed 21 November 2023. matched by us Only the Part I totals and the names listed in Part VII 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.

Total revenue
$1,547,226 changed to $1,428,622
Total expenses
$10,529,890 changed to $8,525,888
Contributions and grants received
$1,546,021 changed to $1,521,021
Grants paid
$0 changed to $8,124,626
Investment income
$1,205 changed to -$92,399
Total assets, end of year
$3,156,306 changed to $3,131,306
Total liabilities, end of year
$3,959,978 changed to $7,246,566
Net assets or fund balances, end of year
-$803,672 changed to -$4,115,260
Program services expenses
$5,087,828 changed to $8,374,416
Management and general expenses
$5,406,378 changed to $115,788
Program service expenses (Part III)
$5,087,828 changed to $8,374,416

Totals

Total revenue
$1,428,622
Total expenses
$8,525,888
Contributions and grants received
$1,521,021
Grants paid
$8,124,626
Program service revenue
$0
Investment income
-$92,399
Other revenue
$0
Total assets, end of year
$3,131,306
Total liabilities, end of year
$7,246,566
Net assets or fund balances, end of year
-$4,115,260
Program services expenses (Part IX)
$8,374,416
Management and general expenses
$115,788
Fundraising expenses
$35,684
Program service expenses (Part III)
$8,374,416

Program services were 98.2% 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

    $1,521,021

  • 3 · Investment income

    total $13,653 · excluded $13,653

  • 7a · Gross sales of assets other than inventory

    securities $1,893,948

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

    securities $2,000,000

  • 7c · Gain or loss

    securities -$106,052

  • 7d · Net gain or loss

    total -$106,052 · excluded -$106,052

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,124,626 · program services $8,124,626

  • 5 · Compensation of officers, directors and key employees

    total $339,084 · program services $237,359 · management and general $67,817 · fundraising $33,908

  • 10 · Payroll taxes

    total $16,780 · program services $11,746 · management and general $3,356 · fundraising $1,678

  • 11b · Fees: legal

    total $964 · management and general $964

  • 11c · Fees: accounting

    total $29,941 · management and general $29,941

  • 11g · Fees: other

    total $7,304 · program services $685 · management and general $6,521 · fundraising $98

  • 14 · Information technology

    total $6,143 · management and general $6,143

  • 23 · Insurance

    total $858 · management and general $858

  • 24a · Other expenses: MISCELLANEOUS

    total $188 · management and general $188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,617,726 · end of year $114,287

  • 2 · Savings and temporary cash investments

    beginning of year $2,006,802 · end of year $256,284

  • 3 · Pledges and grants receivable

    beginning of year $500,000 · end of year $525,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,689 · end of year $644

  • 12 · Investments: other securities

    beginning of year $8,273,960 · end of year $2,235,091

  • 17 · Accounts payable and accrued expenses

    end of year $8,460

  • 18 · Grants payable

    beginning of year $4,228,185 · end of year $7,238,106

  • 27 · Net assets without donor restrictions

    beginning of year $7,178,992 · end of year -$4,425,260

  • 28 · Net assets with donor restrictions

    beginning of year $1,000,000 · end of year $310,000

Mission and programs · 2022

Mission

GOTHAM GIVES INVESTS IN INITIATIVES THAT REFLECT THE RICH DIVERSITY OF NEW YORK CITY AND IMPROVE SYSTEMIC EQUITY BY CREATING SOCIAL, EDUCATIONAL, AND CULTURAL OPPORTUNITIES FOR ALL NEW YORKERS.

Activities or mission (Part I)

GOTHAM GIVES INVESTS IN INITIATIVES THAT REFLECT THE RICH DIVERSITY OF NEW YORK CITY.IT AIMS TO IMPROVE SYSTEMIC EQUITY BY CREATING SOCIAL, EDUCATIONAL, AND CULTURAL OPPORTUNITIES FOR ALL NEW YORKERS.

  • INVESTING IN KNOWLEDGE. THE CHARITY INTENDS TO PROVIDE GRANTS TO ORGANIZATIONS IN NEW YORK CITY TO FURTHER IMPROVE EDUCATIONAL OPPORTUNITIES AND OUTCOMES FOR STUDENTS IN NEW YORK CITY. ONE OF THE KEY WAYS THE CHARITY INTENDS TO FURTHER THIS CHARITABLE PURPOSE IS BY PROVIDING GRANTS TO ORGANIZATIONS, PROGRAMS, AND SCHOOLS TO ACCOMPLISH THE ESTABLISHMENT OF A CITYWIDE PROGRAM DESIGNED TO PROVIDE COMPREHENSIVE, UNIVERSAL ACCESS TO COMPUTER SCIENCE EDUCATION TO PUBLIC SCHOOL STUDENTS IN THE NEW YORK CITY PUBLIC SCHOOL SYSTEM AT EACH SCHOOL LEVEL (ELEMENTARY, MIDDLE AND HIGH SCHOOL) BY YEAR 2025. AS PART OF THIS WORK, THE CHARITY WILL HOST A COMPUTER SCIENCE OPPORTUNITY FAIR, AN EVENT TO INTRODUCE PUBLIC SCHOOL STUDENTS TO OPPORTUNITIES AVAILABLE TO THEM IN THE TECH WORKPLACE AND IN HIGHER EDUCATION. THE CHARITY WILL SEEK SPONSORSHIPS TO UNDERWRITE THE FAIR'S EXPENSES.IN ADDITION, THE CHARITY INTENDS TO PROVIDE SCHOLARSHIP OPPORTUNITIES FOR PUBLIC SCHOOL EDUCATORS IN NEW YORK CITY TO FURTHER THEIR EDUCATION. FOR EXAMPLE, THE CHARITY PLANS TO PROVIDE GRANTS TO TEACHERS IN THE NEW YORK CITY PUBLIC SCHOOL SYSTEM TO SUPPORT THE TUITION OF THESE SELECT TEACHERS TO ATTEND TRAINING COURSES AT VARIOUS SELECT PROGRAMS AND UNIVERSITIES IN THE NEW YORK CITY AREA. WITH AN EMPHASIS ON SELECTING DIVERSE CANDIDATES, THESE SCHOLARSHIPS WILL ALLOW EDUCATORS TO FURTHER IMPROVE THEIR TOOLS AND SKILLS IN TEACHING AND MENTORING PUBLIC SCHOOL STUDENTS IN NEW YORK CITY.

    Expenses $4,712,828 · Grants $4,463,038

  • EXPANDING CULTURAL OPPORTUNITIES. GOTHAM GIVES INVESTS IN ART ORGANIZATIONS AND THOSE THAT EXPAND OPPORTUNITIES FOR OPEN SPACE.

    Expenses $3,436,588 · Grants $3,436,588

  • EMPOWERING OUR COMMUNITIES. THE CHARITY PLANS TO PROVIDE GRANTS TO ORGANIZATIONS THAT FURTHER THE CHARITY'S EXEMPT PURPOSES OF SUPPORTING PROGRAMS THAT BENEFIT THE NEEDIEST NEW YORKERS, INVESTING IN EFFORTS AND PROGRAMS THAT PROMOTE GENDER AND RACIAL EQUITY.

    Expenses $225,000 · Grants $225,000

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

Listed in Part VII

  • Joanne Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Sarah M Holloway

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Fred Wilson

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Jennifer S Klopp

    EXECUTIVE DIRECTOR

    Total calculated
    $339,084
    From this org
    $320,000
    From related orgs
    $0
    Other
    $19,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,084
    Filer's total
    $339,084

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

  • 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
SALARY PAYMENTS TO KEY EMPLOYEE

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
2022
Filed
20 November 2024
IRS schema version
2022v5.0
Source object
202423259349300202

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