Skip to content
Nonprofiteer
← RILEYS WAY FOUNDATION INC

Form 990 for tax year 2023

Filed by RILEYS WAY FOUNDATION INC.

Totals

Total revenue
$1,309,409
Total expenses
$1,680,380
Contributions and grants received
$1,158,285
Grants paid
$123,390
Program service revenue
$0
Investment income
$91,664
Other revenue
$59,460
Total assets, end of year
$5,421,445
Total liabilities, end of year
$26,562
Net assets or fund balances, end of year
$5,394,883
Program services expenses (Part IX)
$1,397,711
Management and general expenses
$179,871
Fundraising expenses
$102,798
Program service expenses (Part III)
$1,397,711

Program services were 83.2% 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

    $289,950

  • 1f · All other contributions, gifts and grants

    $868,335

  • 3 · Investment income

    total $91,664 · unrelated business $39,917 · excluded $51,747

  • 8a · Fundraising events: gross income

    $75,960

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

    $289,950

  • 8b · Fundraising events: direct expenses

    $16,500

  • 8c · Net income from fundraising events

    total $59,460 · excluded $59,460

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,486 · program services $119,486

  • 2 · Grants to domestic individuals

    total $3,904 · program services $3,904

  • 5 · Compensation of officers, directors and key employees

    total $232,715 · program services $232,715

  • 7 · Other salaries and wages

    total $689,516 · program services $569,626 · management and general $73,778 · fundraising $46,112

  • 9 · Other employee benefits

    total $103,996 · program services $90,476 · management and general $8,320 · fundraising $5,200

  • 10 · Payroll taxes

    total $70,663 · program services $61,477 · management and general $5,653 · fundraising $3,533

  • 11e · Fees: professional fundraising services

    total $45,043 · fundraising $45,043

  • 11g · Fees: other

    total $24,071 · program services $22,333 · management and general $1,738

  • 12 · Advertising and promotion

    total $46,731 · program services $46,731

  • 13 · Office expenses

    total $70,278 · management and general $69,128 · fundraising $1,150

  • 14 · Information technology

    total $8,732 · program services $8,732

  • 16 · Occupancy

    total $17,600 · program services $14,080 · management and general $1,760 · fundraising $1,760

  • 19 · Conferences, conventions and meetings

    total $215,810 · program services $215,810

  • 23 · Insurance

    total $1,791 · management and general $1,791

  • 24a · Other expenses: PAYROLL SERVICE

    total $17,703 · management and general $17,703

  • 24b · Other expenses: OTHER DIRECT PROGRAM CO

    total $12,341 · program services $12,341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,327,581 · end of year $2,534,909

  • 9 · Prepaid expenses and deferred charges

    end of year $61,800

  • 12 · Investments: other securities

    beginning of year $2,610,696 · end of year $2,824,736

  • 17 · Accounts payable and accrued expenses

    end of year $26,562

  • 27 · Net assets without donor restrictions

    beginning of year $4,938,277 · end of year $5,394,883

Mission and programs · 2023

Mission

RILEY'S WAY IS A NON-PROFIT ORGANIZATION IN NEW YORK CITY BUILDING KIND LEADERS FOR A BETTER TOMORROW. RILEY'S WAY WORKS WITH EDUCATORS AND YOUTH TO EMPOWER EMPATHY AND KINDNESS IN TEENS, AND PROVIDE THEM WITH THE INFRASTRUCTURE AND SUPPORT TO BECOME CHANGE-MAKERS AND CREATE LASTING CONNECTIONS IN THEIR COMMUNITIES.

Activities or mission (Part I)

SEE PART III LINE 1 AND SCHEDULE O

  • THE RILEY'S WAY FOUNDATION, INC. (THE "FOUNDATION") WAS ESTABLISHED ON AUGUST 19, 2014. THE FOUNDATION DEVELOPS PROGRAMMING AND PROVIDES GRANT FUNDING FOR THE PURPOSE OF EMPHASIZING THE VALUE OF KINDNESS AND EMPATHY AMONG HIGH SCHOOL AND COLLEGE STUDENTS IN ORDER TO INVEST IN AND SUPPORT THE NEXT GENERATION OF KIND LEADERS. THE FOUNDATION PROVIDES SEED FUNDING FOR COMMUNITY BASED SOCIAL IMPACT PROJECTS, LEADERSHIP TRAINING AND SKILL BUILDING CURRICULUM, LEADERSHIP RETREATS, COACHING AND 1:1 PROJECT SUPPORT, AND A COMMUNITY OF PRACTICE FOR YOUNG LEADERS (AGES 13-22). THE FOUNDATION HAS THREE ESTABLISHED PROGRAMS INCLUDING THE CALL FOR KINDNESS, COUNCILS AND CHAPTERS, AND YOUTH LEADERSHIP RETREATS. IN 2023, THE CALL FOR KINDNESS FUNDED 35 HIGH SCHOOL AND COLLEGE PROJECTS AND 5 CONTINUATION PROJECTS, WHICH INCLUDED 100 FELLOWS NATIONWIDE. PROJECTS TACKLED A RANGE OF SOCIAL ISSUES SUCH AS ENVIRONMENTAL JUSTICE, MENTAL HEALTH, FOOD INSECURITY, AND HOMELESSNESS. OUR NEW YORK CITY BASED COUNCIL PROGRAM HAD ROUGHLY 100 HIGH SCHOOL GIRLS THIS YEAR FROM SIX DIFFERENT SCHOOL THAT WORKED TOGETHER ON VARIOUS ISSUES IN THEIR COMMUNITY SUCH AS FOOD INSECURITY AND EDUCATION EQUITY. OUR YOUTH LEADERSHIP RETREAT BROUGHT TOGETHER NEARLY 100 YOUNG LEADERS FROM HIGH SCHOOLS AROUND THE COUNTRY TO BUILD LEADERSHIP SKILL TOGETHER FOR A WEEKEND AT A CAMP IN NEW YORK AND NETWORK WITH EACH OTHER THROUGH PROGRAMING AND OTHER VIRTUAL EVENTS THROUGHOUT THE YEAR.

    Expenses $1,397,711 · Grants $123,390

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ian Sandler

    BOARD CHAIR & CO-PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • MacKenzie Sandler

    BOARD CO-CHAIR & CO-FOUNDER

    Total calculated
    $0
    Hours/week
    1
  • Amy Bersh

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Brian Potash

    DIRECTOR, TREASURER & FINANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Scott Eisenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jordan Freundlich

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Noah Heller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Horner

    DIRECTOR, GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Mindy Jacobs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Kerstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Yolanda Marshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Laura Rebell Gross

    DIRECTOR & CHAIR OF DEI CO

    Total calculated
    $0
    Hours/week
    1
  • Terry Kaplan

    DIRECTOR & CHIEF CREATIVE OFFICER

    Total calculated
    $0
    Hours/week
    1
  • Katie Leonberger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Eric Frank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lindsey Levine

    DIRECTOR & CHAIR OF DEVELO

    Total calculated
    $0
    Hours/week
    1
  • Oseloka Idigbe

    DIRECTOR & CHAIR OF PROGRA

    Total calculated
    $0
    Hours/week
    1
  • Lauren Kaplan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gia Gambino

    DIRECTOR & YOUTH ADVISORY

    Total calculated
    $0
    Hours/week
    1
  • Agha Haider

    DIRECTOR & YOUTH ADVISORY

    Total calculated
    $0
    Hours/week
    1
  • Rob Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Natalie Silverstein

    DIRECTOR, DEVELOPMENT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Morgan Elwyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Christine O'Connell

    EXECUTIVE DIRECTOR

    Total calculated
    $232,715
    From this org
    $206,202
    From related orgs
    $0
    Other
    $26,513
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $206,202
    Bonus
    $0
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $4,013
    Filer's total
    $232,715

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 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

The filer's explanations (Part III)

PART I, LINE 3
THE PROCESS FOR DETERMINING COMPENSATION IS BASED ON SALARY GUIDELINES BASED ON ESTABLISHED RANGES FOR DIFFERENT ROLES/TITLES AND YEARS OF EXPERIENCE. WE USE NY BASED NONPROFIT SALARY REPORTS TO SET THESE BASELINES, WHICH ARE APPROVED BY THE BOARD. RAISES ARE SUGGESTED BY THE EXECUTIVE DIRECTOR/CEO AND THEN APPROVED BY THE BOARD'S EXECUTIVE COMMITTEE. THE EXECUTIVE DIRECTOR/CEO'S SALARY AND ANY ANNUAL RAISES ARE SET BY THE BOARD CHAIR, FINANCE CHAIR, AND GOVERNANCE CHAIR (COMPENSATION COMMITTEE) AND ARE ALSO COMPARED WITH THE NY BASED NONPROFIT SALARY REPORT FOR ORGANIZATIONS OUR SIZE. RAISES FOR EMPLOYEES AND CEO GENERALLY RANGE EACH YEAR FROM 0-5% BASED ON PERFORMANCE AS WELL AS EQUITY FACTORS (E.G., LOWEST PAID EMPLOYEES GETTING A HIGHER PERCENTAGE OR MAKING ADJUSTMENTS BASED ON INDUSTRY NORMS).

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403199349302470

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

The source document this was parsed from is served over the API, which is where bulk and document access live.