Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,968,592

• 1f · All other contributions, gifts and grants

  $12,736,737

• 1g · Noncash contributions included above

  $1,222,644

• 2a · Program service revenue: ROOM DONATION REVENUE

  total $190,329 · related or exempt $190,329

• 2b · Program service revenue: SERVICE FEE REVENUE

  total $47,950 · related or exempt $47,950

• 3 · Investment income

  total $673,644 · unrelated business $2,500 · excluded $671,144

• 7a · Gross sales of assets other than inventory

  securities $16,166,104

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

  securities $15,723,615

• 7c · Gain or loss

  securities $442,489

• 7d · Net gain or loss

  total $442,489 · unrelated business $18 · excluded $442,471

• 8a · Fundraising events: gross income

  $863,586

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

  $2,968,592

• 8b · Fundraising events: direct expenses

  $1,015,879

• 8c · Net income from fundraising events

  total -$152,293 · excluded -$152,293

• 11a · Other revenue: OTHER

  total $319,028 · related or exempt $319,028

• 11b · Other revenue: SODA MACHINE

  total $4,373 · excluded $4,373

• 11e · Other revenue, total

  $323,401

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,687,621 · program services $1,149,898 · management and general $892,043 · fundraising $645,680

• 7 · Other salaries and wages

  total $6,850,738 · program services $4,783,928 · management and general $389,504 · fundraising $1,677,306

• 8 · Pension plan contributions

  total $396,145 · program services $265,564 · management and general $23,064 · fundraising $107,517

• 9 · Other employee benefits

  total $931,142 · program services $586,437 · management and general $86,868 · fundraising $257,837

• 10 · Payroll taxes

  total $724,836 · program services $434,539 · management and general $98,721 · fundraising $191,576

• 11f · Fees: investment management

  total $225,365 · management and general $225,365

• 11g · Fees: other

  total $1,224,572 · program services $822,006 · management and general $86,617 · fundraising $315,949

• 13 · Office expenses

  total $2,628,106 · program services $1,163,061 · management and general $86,051 · fundraising $1,378,994

• 16 · Occupancy

  total $421,163 · program services $419,057 · management and general $2,106

• 17 · Travel

  total $23,178 · program services $18,975 · management and general $1,433 · fundraising $2,770

• 20 · Interest

  total $225,629 · program services $224,501 · management and general $1,128

• 22 · Depreciation, depletion and amortization

  total $1,358,520 · program services $1,351,749 · management and general $6,771

• 23 · Insurance

  total $332,720 · program services $331,056 · management and general $1,664

• 24a · Other expenses: FAMILY EXPENSE

  total $4,614,716 · program services $4,614,716

• 24b · Other expenses: IND. FUND. EXPENSES

  total $1,795,322 · fundraising $1,795,322

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $402,494 · program services $400,482 · management and general $2,012

• 24d · Other expenses: SECURITY

  total $186,465 · program services $185,533 · management and general $932

• 24e · All other expenses

  total $112,687 · program services $58,127 · management and general $7,068 · fundraising $47,492

• 26 · Joint costs (an allocation of the lines above)

  total $910,200 · program services $181,477 · management and general $0 · fundraising $728,723

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $880,024 · end of year $1,629,363

• 2 · Savings and temporary cash investments

  beginning of year $7,797,349 · end of year $3,489,353

• 3 · Pledges and grants receivable

  beginning of year $1,057,955 · end of year $3,054,972

• 4 · Accounts receivable

  end of year $63,143

• 9 · Prepaid expenses and deferred charges

  beginning of year $578,767 · end of year $357,649

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

  $75,767,195

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

  $46,129,788

• 10c · Land, buildings and equipment, net

  beginning of year $29,798,460 · end of year $29,637,407

• 11 · Investments: publicly traded securities

  beginning of year $31,908,892 · end of year $28,757,727

• 12 · Investments: other securities

  beginning of year $53,366,757 · end of year $57,552,760

• 15 · Other assets

  beginning of year $936,874 · end of year $1,030,249

• 17 · Accounts payable and accrued expenses

  beginning of year $3,197,698 · end of year $3,729,660

• 19 · Deferred revenue

  beginning of year $592,122 · end of year $628,632

• 23 · Secured mortgages and notes payable

  beginning of year $7,792,663 · end of year $7,463,681

• 27 · Net assets without donor restrictions

  beginning of year $113,432,148 · end of year $111,802,241

• 28 · Net assets with donor restrictions

  beginning of year $1,310,447 · end of year $1,948,409

The filer's explanations (Part III)

PART I, LINE 1A

DUES FOR THE NY ATHLETIC CLUB ('NYAC") FOR RICK MARTIN, DIRECTOR OF DEVELOPMENT, ARE PAID BY THE ORGANIZATION. HIS MEMBERSHIP ALLOWS THE HOUSE TO HOLD SPECIAL EVENTS AT THE NYAC SUCH AS THE GREEK CHRISTMAS PARTY, BUILDERS OF HOPE EVENT, AND OTHERS AS WELL.

PART I, LINE 4B

THE ORGANIZATION PARTICIPATES IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN, HOWEVER, THERE WERE NO CONTRIBUTIONS TO THE PLAN DURING THE YEAR.

PART I, LINE 7

THE AMOUNTS REPORTED ON PART II, COLUMN B (II) REPRESENT BONUSES AND INCENTIVES APPROVED BY THE BOARD.

PART II, LINE B (III)

THE AMOUNTS IN COLUMN B(III) INCLUDE CONTRIBUTIONS TO A 457(B) RETIREMENT PLAN FOR CERTAIN PEOPLE, GROUP TERM INSURANCE AND FOR RUTH BROWNE IT INCLUDES A TRAVEL STIPEND.