Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $9,582,598

• 2a · Program service revenue: Interest income-charitable purpose loans

  total $344,831 · related or exempt $344,831

• 2b · Program service revenue: Royalty income-charitable purpose grants

  total $499,923 · related or exempt $499,923

• 2c · Program service revenue: Recovered cost-charitable purpose loans

  total $522,745 · related or exempt $522,745

• 3 · Investment income

  total $626,500 · excluded $626,500

• 7a · Gross sales of assets other than inventory

  securities $5,830,308

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

  securities $6,270,739

• 7c · Gain or loss

  securities -$440,431

• 7d · Net gain or loss

  total -$440,431 · excluded -$440,431

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,711,651 · program services $5,711,651

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $491,929 · program services $368,531 · management and general $123,398

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $345,790 · program services $299,138 · management and general $46,652

• 8 · Pension plan contributions

  total $18,827 · program services $16,218 · management and general $2,609

• 9 · Other employee benefits

  total $56,155 · program services $48,490 · management and general $7,665

• 10 · Payroll taxes

  total $25,999 · program services $22,238 · management and general $3,761

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $65,386 · program services $5,048 · management and general $60,338

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $22,040 · management and general $22,040

• 11g · Fees: other

  total $1,024,910 · program services $1,023,290 · management and general $1,620

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $12,680 · program services $9,727 · management and general $2,953

• 14 · Information technology

  total $72,889 · program services $68,921 · management and general $3,968

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $65,911 · program services $52,633 · management and general $13,278

• 17 · Travel

  total $465 · program services $432 · management and general $33

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $54,488 · program services $12,325 · management and general $42,163

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $0

• 23 · Insurance

  total $25,424 · program services $7,118 · management and general $18,306

• 24e · All other expenses

  total $12,155 · program services $9,133 · management and general $3,022

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,393,225 · end of year $7,560,249

• 2 · Savings and temporary cash investments

  beginning of year $74,465 · end of year $89,778

• 3 · Pledges and grants receivable

  beginning of year $35,000 · end of year $252,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $33,396 · end of year $43,900

• 11 · Investments: publicly traded securities

  beginning of year $37,909,801 · end of year $29,052,479

• 12 · Investments: other securities

  beginning of year $78,153 · end of year $95,890

• 13 · Investments: program-related

  beginning of year $5,659,225 · end of year $6,911,845

• 15 · Other assets

  beginning of year $25,197 · end of year $36,531

• 17 · Accounts payable and accrued expenses

  beginning of year $66,681 · end of year $79,748

• 25 · Other liabilities

  beginning of year $399,479 · end of year $226,385

• 27 · Net assets without donor restrictions

  beginning of year $40,278,438 · end of year $36,538,777

• 28 · Net assets with donor restrictions

  beginning of year $4,463,864 · end of year $7,197,762

The filer's explanations (Part III)

Part I Line 3

The Organization does not have any employees. The compensation reported in Form 990 Part IX represents the amount of salary and benefit expenses paid by a related entity, The Partnership for New York City, Inc. the Partnership, to its most highly compensated employees. The Partnerships Compensation Committee is an independent committee comprised of members of the Partnerships Board of Directors. The Committee is comprised of individuals unrelated to, and not subject to, the control of management. The Committee members do not have any material financial interest in its transactions. The Committee members do not receive compensation subject to managements approval. The Committee engages a benefit consulting firm on an annual basis to prepare a competitive compensation analysis for the Partnerships most highly compensated employees prior to making its decision. The consultant collects pertinent data of comparable positions at peer organizations and includes the information in a report to the Committee. The comparable data is compensation ordinarily provided by similarly situated organizations which are comparable in size, nature, and operations. The consultant also includes data that describes current year trends in overall staff compensation increases. The final report is provided to and relied upon by the Committee. The Committee maintains adequate and contemporaneous documentation. Terms of the Committees deliberations and its conclusions are agreed upon and recorded in writing prior to the date compensation changes are instituted. The documentation records the decision-making process and the actions of the Committee members.

Part I Line 4b

Kathryn Wylde participates in a nonqualified deferred compensation plan with the New York City Investment Fund Manager, Inc., a related organization. During the year 2022, she did not receive any payments from the plan.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• New York City Investment Fund Manager Inc

  C Corp · manage assets · NY

  Directly controlled by see Part VII