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Nonprofiteer
← FOUNDATION FOR ABILITIES FIRST NY

Form 990 for tax year 2023

Filed by FOUNDATION FOR ABILITIES FIRST NY.

Totals

Total revenue
$303,758
Total expenses
$343,851
Contributions and grants received
$221,873
Grants paid
$0
Program service revenue
$0
Investment income
$7,422
Other revenue
$74,463
Total assets, end of year
$516,349
Total liabilities, end of year
$162,343
Net assets or fund balances, end of year
$354,006
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$343,851
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.

  • 1f · All other contributions, gifts and grants

    $221,873

  • 3 · Investment income

    total $7,422 · excluded $7,422

  • 8a · Fundraising events: gross income

    $113,022

  • 8b · Fundraising events: direct expenses

    $40,374

  • 8c · Net income from fundraising events

    total $72,648 · excluded $72,648

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,815 · related or exempt $1,815

  • 11e · Other revenue, total

    $1,815

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,947 · fundraising $127,947

  • 7 · Other salaries and wages

    total $21,543 · fundraising $21,543

  • 8 · Pension plan contributions

    total $6,398 · fundraising $6,398

  • 9 · Other employee benefits

    total $12,672 · fundraising $12,672

  • 10 · Payroll taxes

    total $7,347 · fundraising $7,347

  • 11g · Fees: other

    total $54,392 · fundraising $54,392

  • 13 · Office expenses

    total $11,058 · fundraising $11,058

  • 17 · Travel

    total $851 · fundraising $851

  • 19 · Conferences, conventions and meetings

    total $531 · fundraising $531

  • 24a · Other expenses: OTHER OPERATING COSTS

    total $95,068 · fundraising $95,068

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $4,558 · fundraising $4,558

  • 24c · Other expenses: FOOD

    total $1,486 · fundraising $1,486

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,528 · end of year $228,414

  • 2 · Savings and temporary cash investments

    beginning of year $80,000 · end of year $283,955

  • 9 · Prepaid expenses and deferred charges

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

  • 25 · Other liabilities

    beginning of year $207,409 · end of year $162,343

  • 27 · Net assets without donor restrictions

    beginning of year $46,306 · end of year $180,186

  • 28 · Net assets with donor restrictions

    beginning of year $197,793 · end of year $173,820

Mission and programs · 2023

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 2023 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

  • Renee MacDonald

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Amy Bombardieri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Christopher Gilbert

    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
    $319,334
    From this org
    $0
    From related orgs
    $274,236
    Other
    $45,098
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,541 related
    Bonus
    $0 + $21,695 related
    Other
    $0
    Deferred
    $0 + $13,978 related
    Nontaxable benefits
    $0 + $31,120 related
    Filer's total
    $0 + $319,334 related

  • Joann Parker

    FOUNDATION DIRECTOR

    Total calculated
    $106,214
    From this org
    $0
    From related orgs
    $99,850
    Other
    $6,364
    Hours/week
    40

  • Kim Ryder

    CFO

    Total calculated
    $162,871
    From this org
    $0
    From related orgs
    $131,870
    Other
    $31,001
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,870 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $6,953 related
    Nontaxable benefits
    $0 + $24,048 related
    Filer's total
    $0 + $162,871 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
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423169349301527

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