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Nonprofiteer
← FUND FOR THE CITY OF NEW YORK INC

Form 990 for tax year 2024

Filed by FUND FOR THE CITY OF NEW YORK INC.

Totals

Total revenue
$77,331,393
Total expenses
$67,351,637
Contributions and grants received
$52,182,666
Grants paid
$3,951,031
Program service revenue
$21,278,372
Investment income
$3,870,355
Other revenue
$0
Total assets, end of year
$207,648,900
Total liabilities, end of year
$108,542,003
Net assets or fund balances, end of year
$99,106,897
Program services expenses (Part IX)
$65,710,575
Management and general expenses
$1,176,654
Fundraising expenses
$464,408
Program service expenses (Part III)
$65,710,575

Program services were 97.6% 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.

  • 1e · Government grants (contributions)

    $10,841,030

  • 1f · All other contributions, gifts and grants

    $41,341,636

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $13,798,869 · related or exempt $13,798,869

  • 2b · Program service revenue: FEE FOR SERVICE

    total $7,479,503 · related or exempt $7,479,503

  • 3 · Investment income

    total $3,870,355 · excluded $3,870,355

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,919,031 · program services $3,919,031

  • 3 · Grants to foreign organizations and individuals

    total $32,000 · program services $32,000

  • 5 · Compensation of officers, directors and key employees

    total $7,665,787 · program services $7,554,863 · management and general $110,924

  • 7 · Other salaries and wages

    total $21,146,805 · program services $20,840,808 · management and general $305,997

  • 8 · Pension plan contributions

    total $1,953,302 · program services $1,925,037 · management and general $28,265

  • 9 · Other employee benefits

    total $6,343,277 · program services $6,251,489 · management and general $91,788

  • 10 · Payroll taxes

    total $3,388,637 · program services $3,339,603 · management and general $49,034

  • 11b · Fees: legal

    total $604,476 · program services $596,661 · management and general $7,815

  • 11c · Fees: accounting

    total $240,375 · program services $237,267 · management and general $3,108

  • 11d · Fees: lobbying

    total $99,581 · program services $99,581

  • 11e · Fees: professional fundraising services

    total $464,408 · fundraising $464,408

  • 11g · Fees: other

    total $8,877,541 · program services $8,758,256 · management and general $119,285

  • 12 · Advertising and promotion

    total $158,850 · program services $154,140 · management and general $4,710

  • 13 · Office expenses

    total $1,647,290 · program services $1,593,207 · management and general $54,083

  • 14 · Information technology

    total $1,425,861 · program services $1,378,892 · management and general $46,969

  • 16 · Occupancy

    total $1,651,014 · program services $1,427,489 · management and general $223,525

  • 17 · Travel

    total $609,678 · program services $577,857 · management and general $31,821

  • 19 · Conferences, conventions and meetings

    total $418,264 · program services $412,856 · management and general $5,408

  • 22 · Depreciation, depletion and amortization

    total $94,630 · program services $84,078 · management and general $10,552

  • 23 · Insurance

    total $309,998 · program services $283,563 · management and general $26,435

  • 24a · Other expenses: SUPPLIES

    total $4,619,916 · program services $4,562,981 · management and general $56,935

  • 24b · Other expenses: PROGRAM AWARDS AND STIP

    total $1,680,916 · program services $1,680,916

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,650,828 · end of year $14,558,083

  • 2 · Savings and temporary cash investments

    beginning of year $95,411,262 · end of year $97,144,393

  • 3 · Pledges and grants receivable

    beginning of year $17,002,612 · end of year $17,114,201

  • 4 · Accounts receivable

    beginning of year $118,788 · end of year $511,846

  • 7 · Other notes and loans receivable

    beginning of year $40,533,941 · end of year $61,671,345

  • 9 · Prepaid expenses and deferred charges

    beginning of year $867,209 · end of year $185,970

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

    $7,101,331

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

    $6,770,485

  • 10c · Land, buildings and equipment, net

    beginning of year $425,475 · end of year $330,846

  • 15 · Other assets

    beginning of year $13,117,344 · end of year $16,132,216

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,796,550 · end of year $7,286,462

  • 18 · Grants payable

    beginning of year $640,000 · end of year $1,154,400

  • 19 · Deferred revenue

    beginning of year $372,257 · end of year $1,081,742

  • 23 · Secured mortgages and notes payable

    beginning of year $73,069,054 · end of year $99,019,399

  • 27 · Net assets without donor restrictions

    beginning of year $42,111,181 · end of year $48,302,725

  • 28 · Net assets with donor restrictions

    beginning of year $48,138,417 · end of year $50,804,172

Mission and programs · 2024

Mission

THE FUND FOR THE CITY OF NEW YORK WAS CREATED IN 1968 TO BE RESPONSIVE TO OPPORTUNITIES TO IMPROVE THE QUALITY OF LIFE FOR ALL NEW YORKERS, AND FOR PEOPLE AND COMMUNITIES BEYOND NEW YORK, BY WORKING TO IMPROVE THE PERFORMANCE OF GOVERNMENT AND NONPROFIT ORGANIZATIONS.

  • CORE PROGRAM CREATED TO RESPOND TO NONPROFIT CHALLENGES AND OPPORTUNITIES FACING NONPROFIT AND PUBLIC AGENCIES THAT DO NOT HAVE IMMEDIATE SOLUTIONS; CASH FLOW LOAN WHICH ANNUALLY PROVIDES LOANS TO NONPROFIT ORGANIZATIONS; SLOAN PUBLIC SERVICE AWARDS PROGRAM WHICH ANNUALLY HONORS SIX UNSUNG HEROS OF NEW YORK CITY GOVERNMENT AND SLOAN AWARDS PROGRAM FOR EXCELLENCE IN TEACHING SERVICE AND MATHEMATICS WHICH HONORS SEVEN TEACHERS EACH YEAR FROM NYC HIGH SCHOOLS. CENTER FOR YOUTH AND THE FUTURE OF WORK. IN PARTNERSHIP WITH NEW YORK UNIVERSITY (NYU), THE FUND'S CENTER FOR YOUTH AND THE FUTURE OF WORK SERVES AS AN "ACTION TANK" THAT PROVIDES RESEARCH, EVALUATION, LEADERSHIP TRAINING AND DEVELOPMENT, AS WELL AS TECHNICAL SUPPORT.

    Expenses $21,011,031 · Revenue $514,727

  • THE FUND CONDUCTS ITS CHARITABLE ACTIVITIES, IN PART, THROUGH ITS PARTNER PROJECT PROGRAM, UNDER WHICH APPROVED CHARITABLE PROGRAMS OPERATE AS PROJECTS OF THE FUND AND ARE SUBJECT TO THE FUND'S OVERSIGHT, FINANCIAL CONTROLS, HUMAN RESOURCES POLICIES, AND ORGANIZATIONAL STRUCTURE AND POLICIES. THE FUND'S PARTNER PROJECT PROGRAMS FOCUS ON A VARIETY OF CHARITABLE ACTIVITIES, SUCH AS COMMUNITY SERVICES, SUPPORTING PARKS, EDUCATION, AND OTHER CHARITABLE PROGRAMS.

    Expenses $44,699,544 · Grants $3,951,031 · Revenue $20,763,645

As filed on the 2024 return.

Listed in Part VII

  • Jomysha Delgado Stephen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Arad

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Tierney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Georgia Boothe

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ester Fuchs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Linda Lausell Bryant

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lisette Nieves

    BOARD MEMBER/PRESIDENT

    Total calculated
    $500,595
    From this org
    $393,291
    From related orgs
    $0
    Other
    $107,304
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $393,291
    Bonus
    $0
    Other
    $0
    Deferred
    $53,767
    Nontaxable benefits
    $53,537
    Filer's total
    $500,595

  • Jill E Borrero

    CHIEF OPERATING OFFICER

    Total calculated
    $299,772
    From this org
    $246,429
    From related orgs
    $0
    Other
    $53,343
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $246,429
    Bonus
    $0
    Other
    $0
    Deferred
    $47,643
    Nontaxable benefits
    $5,700
    Filer's total
    $299,772

  • Aldrin Bonilla

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $363,750
    From this org
    $288,263
    From related orgs
    $0
    Other
    $75,487
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $288,263
    Bonus
    $0
    Other
    $0
    Deferred
    $59,326
    Nontaxable benefits
    $16,161
    Filer's total
    $363,750

  • Juana Rosario

    COMPTROLLER

    Total calculated
    $257,464
    From this org
    $181,725
    From related orgs
    $0
    Other
    $75,739
    Hours/week
    30 + 5 related

    Schedule J breakdown matched by us

    Base
    $181,725
    Bonus
    $0
    Other
    $0
    Deferred
    $43,508
    Nontaxable benefits
    $32,231
    Filer's total
    $257,464

  • Andrew Walrond

    VICE PRESIDENT OF LOAN PRO

    Total calculated
    $226,052
    From this org
    $173,649
    From related orgs
    $0
    Other
    $52,403
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $173,649
    Bonus
    $0
    Other
    $0
    Deferred
    $34,730
    Nontaxable benefits
    $17,673
    Filer's total
    $226,052

  • Mizue Aizeki

    EXECUTIVE DIRECTOR

    Total calculated
    $266,967
    From this org
    $170,993
    From related orgs
    $0
    Other
    $95,974
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,993
    Bonus
    $0
    Other
    $0
    Deferred
    $45,149
    Nontaxable benefits
    $50,825
    Filer's total
    $266,967

  • Fred Dejohn

    CHIEF FINANCIAL OFFICER

    Total calculated
    $428,998
    From this org
    $329,986
    From related orgs
    $0
    Other
    $99,012
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $329,986
    Bonus
    $0
    Other
    $0
    Deferred
    $63,499
    Nontaxable benefits
    $35,513
    Filer's total
    $428,998

  • John Konarski

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $233,809
    From this org
    $178,134
    From related orgs
    $0
    Other
    $55,675
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $178,134
    Bonus
    $0
    Other
    $0
    Deferred
    $26,720
    Nontaxable benefits
    $28,955
    Filer's total
    $233,809

  • James Ryan

    EXECUTIVE DIRECTOR

    Total calculated
    $285,231
    From this org
    $216,882
    From related orgs
    $0
    Other
    $68,349
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $216,882
    Bonus
    $0
    Other
    $0
    Deferred
    $52,188
    Nontaxable benefits
    $16,161
    Filer's total
    $285,231

  • Miriam Feldblum

    EXECUTIVE DIRECTOR

    Total calculated
    $281,907
    From this org
    $214,386
    From related orgs
    $0
    Other
    $67,521
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $214,386
    Bonus
    $0
    Other
    $0
    Deferred
    $32,158
    Nontaxable benefits
    $35,363
    Filer's total
    $281,907

  • Blake Ratner

    EXECUTIVE DIRECTOR

    Total calculated
    $322,736
    From this org
    $221,595
    From related orgs
    $0
    Other
    $101,141
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $221,595
    Bonus
    $0
    Other
    $0
    Deferred
    $52,660
    Nontaxable benefits
    $48,481
    Filer's total
    $322,736

  • Kai Feder

    CHIEF OPERATING OFFICER

    Total calculated
    $292,226
    From this org
    $195,223
    From related orgs
    $0
    Other
    $97,003
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $195,223
    Bonus
    $0
    Other
    $0
    Deferred
    $42,522
    Nontaxable benefits
    $54,481
    Filer's total
    $292,226

  • Benjamin Garcia

    EXECUTIVE DIRECTOR

    Total calculated
    $305,288
    From this org
    $248,572
    From related orgs
    $0
    Other
    $56,716
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $248,572
    Bonus
    $0
    Other
    $0
    Deferred
    $55,357
    Nontaxable benefits
    $1,359
    Filer's total
    $305,288

  • Coleen Stevens Porcher

    EXECUTIVE DIRECTOR

    Total calculated
    $305,412
    From this org
    $247,224
    From related orgs
    $0
    Other
    $58,188
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $247,224
    Bonus
    $0
    Other
    $0
    Deferred
    $37,084
    Nontaxable benefits
    $21,104
    Filer's total
    $305,412

  • David Cole

    CHIEF OPERATING OFFICER

    Total calculated
    $296,045
    From this org
    $206,706
    From related orgs
    $0
    Other
    $89,339
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,706
    Bonus
    $0
    Other
    $0
    Deferred
    $35,858
    Nontaxable benefits
    $53,481
    Filer's total
    $296,045

  • Lola Simpson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $213,729
    From this org
    $168,663
    From related orgs
    $0
    Other
    $45,066
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $168,663
    Bonus
    $0
    Other
    $0
    Deferred
    $29,234
    Nontaxable benefits
    $15,832
    Filer's total
    $213,729

  • Teresa Carta

    EXECUTIVE DIRECTOR

    Total calculated
    $301,846
    From this org
    $199,991
    From related orgs
    $0
    Other
    $101,855
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,991
    Bonus
    $0
    Other
    $0
    Deferred
    $49,874
    Nontaxable benefits
    $51,981
    Filer's total
    $301,846

  • Jenin Sabbah

    DIRECTOR OF ECOSYSTEM DEVELOPMENT

    Total calculated
    $251,340
    From this org
    $184,492
    From related orgs
    $0
    Other
    $66,848
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $184,492
    Bonus
    $0
    Other
    $0
    Deferred
    $27,674
    Nontaxable benefits
    $39,174
    Filer's total
    $251,340

  • Grace Rauh

    EXECUTIVE DIRECTOR

    Total calculated
    $322,720
    From this org
    $225,490
    From related orgs
    $0
    Other
    $97,230
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $225,490
    Bonus
    $0
    Other
    $0
    Deferred
    $45,549
    Nontaxable benefits
    $51,681
    Filer's total
    $322,720

  • Gregory Morris

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $244,914
    From this org
    $184,992
    From related orgs
    $0
    Other
    $59,922
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $184,992
    Bonus
    $0
    Other
    $0
    Deferred
    $27,749
    Nontaxable benefits
    $32,173
    Filer's total
    $244,914

  • Elizabeth Berman

    VP HOUSING

    Total calculated
    $270,379
    From this org
    $199,991
    From related orgs
    $0
    Other
    $70,388
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,991
    Bonus
    $0
    Other
    $0
    Deferred
    $41,333
    Nontaxable benefits
    $29,055
    Filer's total
    $270,379

  • Tracy Jenkins

    EXECUTIVE DIRECTOR

    Total calculated
    $259,989
    From this org
    $259,989
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $259,989
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $259,989

  • Katie Napolitano

    EXECUTIVE DIRECTOR

    Total calculated
    $309,129
    From this org
    $259,989
    From related orgs
    $0
    Other
    $49,140
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $259,989
    Bonus
    $0
    Other
    $0
    Deferred
    $21,666
    Nontaxable benefits
    $27,474
    Filer's total
    $309,129

  • Elina Alayeva

    DIRECTOR

    Total calculated
    $319,184
    From this org
    $219,990
    From related orgs
    $0
    Other
    $99,194
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $219,990
    Bonus
    $0
    Other
    $0
    Deferred
    $43,998
    Nontaxable benefits
    $55,196
    Filer's total
    $319,184

  • Patricia Moles

    PROGRAM DIRECTOR

    Total calculated
    $266,684
    From this org
    $204,162
    From related orgs
    $0
    Other
    $62,522
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $204,162
    Bonus
    $0
    Other
    $0
    Deferred
    $30,624
    Nontaxable benefits
    $31,898
    Filer's total
    $266,684

  • Jeffrey Sudmyer

    DIRECTOR

    Total calculated
    $294,954
    From this org
    $208,491
    From related orgs
    $0
    Other
    $86,463
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $208,491
    Bonus
    $0
    Other
    $0
    Deferred
    $43,849
    Nontaxable benefits
    $42,614
    Filer's total
    $294,954

  • Stefanie Blouin

    SENIOR DIRECTOR

    Total calculated
    $255,326
    From this org
    $206,991
    From related orgs
    $0
    Other
    $48,335
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $206,991
    Bonus
    $0
    Other
    $0
    Deferred
    $32,174
    Nontaxable benefits
    $16,161
    Filer's total
    $255,326

  • April McKoy

    SENIOR DIRECTOR

    Total calculated
    $205,991
    From this org
    $199,991
    From related orgs
    $0
    Other
    $6,000
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,991
    Bonus
    $0
    Other
    $0
    Deferred
    $6,000
    Nontaxable benefits
    $0
    Filer's total
    $205,991

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 · Independent compensation consultant
  • 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INTERNATIONAL CENTRE FOR CIVIC INNOVATION INC

    IMPROVING THE PERFORMANCE OF GOVERNMENT AND NONPROFIT ORGS. WORLDWIDE · UK · income -$672 · assets $5,722,593

    Directly controlled by FUND FOR THE CITY OF NEW YORK INC

Provenance

Return type
form_990
Tax year
2024
Filed
12 August 2026
IRS schema version
2024v5.5
Source object
202622279349300912

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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