Totals
- Total revenue
- $372,288
- Total expenses
- $505,610
- Contributions and grants received
- $399,419
- Grants paid
- $245,000
- Program service revenue
- $0
- Investment income
- $31,438
- Other revenue
- -$58,569
- Total assets, end of year
- $2,014,230
- Total liabilities, end of year
- $66,875
- Net assets or fund balances, end of year
- $1,947,355
- Program services expenses (Part IX)
- $405,917
- Management and general expenses
- $99,693
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $405,917
Program services were 80.3% 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
$317,310
-
1f · All other contributions, gifts and grants
$82,109
-
3 · Investment income
total $20,892 · excluded $20,892
-
7a · Gross sales of assets other than inventory
securities $241,575
-
7b · Less cost or other basis and sales expenses
securities $231,029
-
7c · Gain or loss
securities $10,546
-
7d · Net gain or loss
total $10,546 · excluded $10,546
-
8a · Fundraising events: gross income
$33,328
-
8a · Fundraising events: contributions included on line 1c
$317,310
-
8b · Fundraising events: direct expenses
$91,897
-
8c · Net income from fundraising events
total -$58,569 · excluded -$58,569
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $245,000 · program services $245,000
-
11b · Fees: legal
total $475 · management and general $475
-
11f · Fees: investment management
total $11,515 · management and general $11,515
-
11g · Fees: other
total $100 · program services $50 · management and general $50
-
24a · Other expenses: REIMBURSED EXPENSES TO
total $100,000 · program services $100,000
-
24b · Other expenses: SPECIAL EVENT
total $69,029 · management and general $69,029
-
24c · Other expenses: RESEARCH
total $60,001 · program services $60,001
-
24d · Other expenses: YOUNG PROFESSIONALS PRO
total $17,397 · management and general $17,397
-
24e · All other expenses
total $2,093 · program services $866 · management and general $1,227
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $575,643 · end of year $501,551
-
2 · Savings and temporary cash investments
beginning of year $75,042 · end of year $75,661
-
4 · Accounts receivable
beginning of year $138,750 · end of year $625
-
9 · Prepaid expenses and deferred charges
beginning of year $17,205 · end of year $37,200
-
12 · Investments: other securities
beginning of year $1,736,485 · end of year $1,399,193
-
17 · Accounts payable and accrued expenses
beginning of year $91,717 · end of year $62,500
-
25 · Other liabilities
beginning of year $14,134 · end of year $4,375
-
27 · Net assets without donor restrictions
beginning of year $2,437,274 · end of year $1,947,355
Mission and programs · 2022
Mission
THE ABNY FOUNDATION, INC. (THE "FOUNDATION") WAS CREATED TO PROVIDE FUNDS FOR SOCIAL, EDUCATIONAL, AND CIVIC INITIATIVES THAT ENHANCE THE QUALITY OF LIFE IN THE FIVE BOROUGHS OF NEW YORK CITY.
Activities or mission (Part I)
PROVIDE FUNDS TO ENHANCE THE QUALITY OF LIFE IN NEW YORK CITY.
-
TO PROVIDE GRANTS TO NONPROFIT ORGANIZATIONS AND INITIATIVES THAT MAKE NEW YORK CITY A BETTER PLACE TO LIVE WORK AND VISIT FOR ALL; TO FUND RESEARCH THAT INFORMS ON POLICY; TO BOLSTER CIVIC ENGAGEMENT; AND TO SUPPORT EDUCATIONAL PROGRAMMING FOR CIVICALLY INTERESTED YOUNG PROFESSIONALS AND WOMEN WORKING IN NEW YORK CITY.
Expenses $405,917 · Grants $245,000
As filed on the 2022 return.
Listed in Part VII
-
Steven RubensteinSTEVEN RUBENSTEIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2 + 10 related
-
Alan Van CapelleALAN VAN CAPELLE
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Tonio BurgosTONIO BURGOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LehrmanROBERT LEHRMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Patricia OrnstPATRICIA ORNST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer RaabJENNIFER RAAB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William C RudinWILLIAM C RUDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jill SungJILL SUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa GonzalezTERESA GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Travis TerryTRAVIS TERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dwight McBrideDWIGHT MCBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Melva MillerMELVA MILLER
CEO & SECRETARY
- Total calculated
- $278,035
- From this org
- $0
- From related orgs
- $269,950
- Other
- $8,085
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $244,950 related
- Bonus
- $0 + $25,000 related
- Other
- $0
- Deferred
- $0 + $8,085 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $278,035 related
-
Laura ColacurcioLAURA COLACURCIO
VICE PRESIDENT
- Total calculated
- $147,120
- From this org
- $0
- From related orgs
- $140,300
- Other
- $6,820
- Hours/week
- 5 + 40 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 · Form 990 of other organizations
- 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
-
$15,000
SMALL BUSINESS SUPPORT
-
$15,000
ARTS, CULTURE & ENTERTAINMENT
-
$15,000
SMALL BUSINESS SUPPORT
-
$10,000
WORKFORCE DEVELOPMENT
-
ANDROMEDA COMMUNITY INITIATIVE
$10,000
WORKFORCE DEVELOPMENT
-
$10,000
PUBLIC REALM REVITALIZATION & IMPROVED LIVABILITY
-
CORO NEW YORK LEADERSHIP CENTER
$10,000
SMALL BUSINESS SUPPORT
-
ARTS, CULTURE & ENTERTAINMENT
-
SMALL BUSINESS SUPPORT
-
$10,000
WORKFORCE DEVELOPMENT
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.
-
ASSOCIATION FOR A BETTER NEW YORK INC
501(C)(6) · SEE PART VII · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 September 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312659349300741
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.