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Nonprofiteer
← THE BRONX FOUNDATION INC

Form 990 for tax year 2024

Filed by THE BRONX FOUNDATION INC.

Totals

Total revenue
$2,128,622
Total expenses
$3,353,844
Contributions and grants received
$1,901,761
Grants paid
$1,578,184
Program service revenue
$0
Investment income
$69,443
Other revenue
$157,418
Total assets, end of year
$4,921,911
Total liabilities, end of year
$248,590
Net assets or fund balances, end of year
$4,673,321
Program services expenses (Part IX)
$2,054,690
Management and general expenses
$804,075
Fundraising expenses
$495,079
Program service expenses (Part III)
$2,054,690

Program services were 61.3% 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.

  • 1c · Fundraising events

    $305,000

  • 1e · Government grants (contributions)

    $30,000

  • 1f · All other contributions, gifts and grants

    $1,566,761

  • 3 · Investment income

    total $69,483 · excluded $69,483

  • 7a · Gross sales of assets other than inventory

    securities $354,702

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

    securities $354,742

  • 7c · Gain or loss

    securities -$40

  • 7d · Net gain or loss

    total -$40 · excluded -$40

  • 8a · Fundraising events: gross income

    $432,906

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

    $305,000

  • 8b · Fundraising events: direct expenses

    $275,488

  • 8c · Net income from fundraising events

    total $157,418 · excluded $157,418

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,578,184 · program services $1,578,184

  • 5 · Compensation of officers, directors and key employees

    total $189,231 · program services $47,308 · management and general $56,769 · fundraising $85,154

  • 7 · Other salaries and wages

    total $325,975 · program services $143,764 · management and general $92,286 · fundraising $89,925

  • 9 · Other employee benefits

    total $15,479 · program services $5,741 · management and general $4,478 · fundraising $5,260

  • 10 · Payroll taxes

    total $37,560 · program services $13,930 · management and general $10,866 · fundraising $12,764

  • 11b · Fees: legal

    total $32,382 · management and general $32,382

  • 11c · Fees: accounting

    total $194,108 · management and general $194,108

  • 11d · Fees: lobbying

    total $60,000 · fundraising $60,000

  • 11g · Fees: other

    total $683,620 · program services $206,200 · management and general $277,488 · fundraising $199,932

  • 12 · Advertising and promotion

    total $11,904 · program services $882 · management and general $8,073 · fundraising $2,949

  • 13 · Office expenses

    total $10,501 · program services $147 · management and general $2,668 · fundraising $7,686

  • 14 · Information technology

    total $54,531 · program services $88 · management and general $45,785 · fundraising $8,658

  • 16 · Occupancy

    total $20,914 · program services $7,796 · management and general $8,745 · fundraising $4,373

  • 17 · Travel

    total $56,622 · program services $6,842 · management and general $38,664 · fundraising $11,116

  • 19 · Conferences, conventions and meetings

    total $52,399 · program services $43,808 · management and general $7,324 · fundraising $1,267

  • 23 · Insurance

    total $14,425 · management and general $14,425

  • 24a · Other expenses: LICENSES AND FEES

    total $13,332 · management and general $7,337 · fundraising $5,995

  • 24e · All other expenses

    total $2,677 · management and general $2,677

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,892,102 · end of year $2,412,293

  • 2 · Savings and temporary cash investments

    beginning of year $1,852,748 · end of year $1,913,519

  • 3 · Pledges and grants receivable

    beginning of year $577,265 · end of year $321,345

  • 4 · Accounts receivable

    beginning of year $600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,955 · end of year $16,837

  • 11 · Investments: publicly traded securities

    end of year $233,959

  • 15 · Other assets

    beginning of year $26,458 · end of year $23,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,073 · end of year $86,090

  • 18 · Grants payable

    beginning of year $342,500 · end of year $162,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,043,105 · end of year $3,794,867

  • 28 · Net assets with donor restrictions

    beginning of year $1,855,450 · end of year $878,454

Mission and programs · 2024

Mission

THE BRONX COMMUNITY FOUNDATION SUPPORTS AND INVESTS IN COMMUNITY POWER TO ERADICATE INEQUITY AND BUILD SUSTAINABLE FUTURES FOR ALL BRONXITES.

Activities or mission (Part I)

THE BRONX COMMUNITY FOUNDATION (BXCF) IS THE FIRST AND ONLY COMMUNITY FOUNDATION IN THE BRONX, SOLELY DEDICATED TO DELIVERING RESOURCES TO THE BOROUGH.

  • IN Q1 OF 2024, THE FOUNDATION LAUNCHED A SAFETY AND SECURITY PROGRAM FUNDING THE INSTALLATION OF SECURITY EQUIPMENT IN SMALL BUSINESS GROCERY SHOPS, CALLED BODEGA'S, IN THE BRONX. SECURITY EQUIPMENT WERE INSTALLED IN OVER 100 BODEGAS, IMPROVING SAFETY AND DETERRENCE OF CRIMINAL ACTIVITIES. POSITIVE FEEDBACK FROM BODEGA OWNERS REGARDING THE ENHANCED SAFETY FEATURES. THE FOUNDATION PARTNERED WITH NON-PROFIT ORGANIZATIONS AS WELL AS SECURITY PROVIDER TO STREAMLINE VENDOR AND BODEGA SELECTION, AND ENSURE ACCOUNTABLE OPERATIONS AND INSTALLATION OF EQUIPMENT. $317,025 WAS DISTRIBUTED IN THE FIRST TWO PHASES. WE EXPECT TO HAVE ADDITIONAL PHASES IN THE FUTURE.IN Q2 AND Q3 OF 2024, THE FOUNDATION LAUNCHED A COMMUNITY-DRIVEN, PARTICIPATORY GRANTS PROCESS FOCUSED ON SUPPORTING ASSYLUM SEEKERS IN THE BRONX. THE FOCUS WAS TO ADDRESS CRITICAL NEEDS FACED BY ASYLUM SEEKERS IN THE BRONX BY SUPPORTING GRASSROOTS ORGANIZATIONS THAT PROVIDE HOUSING, ADVOCACY, LEGAL SERVICES, JOB TRAINING, AND WRAPAROUND SUPPORT. $200,000 WAS DISTRIBUTED TO 10 ORGANIZATIONS.IN SPRING 2024, BXCF LAUNCHED A PROCESS TO PROVIDE FUNDING TO EDUCATIONAL INSTITUTIONS WITH FUNDING FROM THE ICHIGO FOUNDATION. THE PURPOSE WAS TO ACHIEVE SUPPORT FOR OPERATIONS AND ONGOING EDUCATIONAL PROGRAMS. BXCF GRANTED $755,000 TO 8 ORGANIZATIONS.

    Expenses $2,054,690 · Grants $1,578,184

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DERRICK LEWIS

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DESMON LEWIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RAQUEL THOMPSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • BRYAN WOO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GERMAN SOTO SANCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JASON DUCHIN THRU OCTOBER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARLOS MORENO THRU OCTOBER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN SEITZ THRU JULY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEISHA ROSS PORTER THRU AUGUST

    PRESIDENT AND CEO

    Total calculated
    $189,231
    From this org
    $189,231
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $189,231
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $189,231

  • ERIKA FREUND THRU SEPTEMBER

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $126,281
    From this org
    $126,281
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MICHELLE PEREZ THRU JANUARY

    DIRECTOR OF OPERATIONS

    Total calculated
    $109,621
    From this org
    $109,621
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • OSARUMWENSE PAT-OSAGIE THRU JANUARY

    PROGRAM DIRECTOR

    Total calculated
    $103,376
    From this org
    $103,376
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
16 November 2025
IRS schema version
2024v5.2
Source object
202523219349306177

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