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← AHRC NEW YORK CITY FOUNDATION INC

Form 990 for tax year 2023

Filed by AHRC NEW YORK CITY FOUNDATION INC.

Totals

Total revenue
$3,056,295
Total expenses
$7,903,204
Contributions and grants received
$1,504,230
Grants paid
$6,771,427
Program service revenue
$865,485
Investment income
$824,143
Other revenue
-$137,563
Total assets, end of year
$38,080,588
Total liabilities, end of year
$4,994,819
Net assets or fund balances, end of year
$33,085,769
Program services expenses (Part IX)
$6,913,738
Management and general expenses
$251,493
Fundraising expenses
$737,973
Program service expenses (Part III)
$6,913,738

Program services were 87.5% 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

    $1,121,469

  • 1f · All other contributions, gifts and grants

    $382,761

  • 2a · Program service revenue: SPECIAL NEEDS ADMIN REVENUE

    total $865,485 · related or exempt $865,485

  • 3 · Investment income

    total $572,193 · excluded $572,193

  • 7a · Gross sales of assets other than inventory

    securities $5,274,721

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

    securities $5,022,771

  • 7c · Gain or loss

    securities $251,950

  • 7d · Net gain or loss

    total $251,950 · excluded $251,950

  • 8a · Fundraising events: gross income

    $256,769

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

    $1,121,469

  • 8b · Fundraising events: direct expenses

    $394,332

  • 8c · Net income from fundraising events

    total -$137,563 · excluded -$137,563

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,771,427 · program services $6,771,427

  • 5 · Compensation of officers, directors and key employees

    total $234,833 · program services $58,708 · management and general $58,708 · fundraising $117,417

  • 7 · Other salaries and wages

    total $193,903 · program services $48,476 · management and general $48,476 · fundraising $96,951

  • 8 · Pension plan contributions

    total $1,689 · program services $422 · management and general $422 · fundraising $845

  • 9 · Other employee benefits

    total $40,043 · program services $10,011 · management and general $10,011 · fundraising $20,021

  • 10 · Payroll taxes

    total $30,852 · program services $7,713 · management and general $7,713 · fundraising $15,426

  • 11a · Fees: management

    total $135,269 · fundraising $135,269

  • 11c · Fees: accounting

    total $37,559 · management and general $37,559

  • 11e · Fees: professional fundraising services

    total $78,000 · fundraising $78,000

  • 11f · Fees: investment management

    total $69,150 · management and general $69,150

  • 11g · Fees: other

    total $84,895 · fundraising $84,895

  • 13 · Office expenses

    total $35,007 · program services $1,281 · management and general $2,563 · fundraising $31,163

  • 14 · Information technology

    total $34,235 · program services $8,559 · management and general $8,559 · fundraising $17,117

  • 16 · Occupancy

    total $19,559 · program services $4,890 · management and general $4,890 · fundraising $9,779

  • 17 · Travel

    total $19,082 · program services $67 · management and general $67 · fundraising $18,948

  • 19 · Conferences, conventions and meetings

    total $67,135 · fundraising $67,135

  • 22 · Depreciation, depletion and amortization

    total $3,816 · program services $954 · management and general $954 · fundraising $1,908

  • 23 · Insurance

    total $9,878 · program services $494 · management and general $988 · fundraising $8,396

  • 24a · Other expenses: BANK, LICENSES & FEES

    total $30,678 · program services $699 · management and general $1,396 · fundraising $28,583

  • 24e · All other expenses

    total $6,194 · program services $37 · management and general $37 · fundraising $6,120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $801,499 · end of year $105,249

  • 2 · Savings and temporary cash investments

    beginning of year $707,280 · end of year $344,681

  • 3 · Pledges and grants receivable

    beginning of year $43,866 · end of year $54,296

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,234 · end of year $45,493

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

    $46,740

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

    $37,706

  • 10c · Land, buildings and equipment, net

    beginning of year $12,850 · end of year $9,034

  • 11 · Investments: publicly traded securities

    beginning of year $33,653,730 · end of year $37,521,835

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,572 · end of year $39,872

  • 19 · Deferred revenue

    beginning of year $100,000 · end of year $100,000

  • 25 · Other liabilities

    beginning of year $1,582,921 · end of year $4,854,947

  • 27 · Net assets without donor restrictions

    beginning of year $32,290,517 · end of year $31,520,424

  • 28 · Net assets with donor restrictions

    beginning of year $1,182,449 · end of year $1,565,345

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO RAISE FUNDS FOR THE EXCLUSIVE BENEFIT OF PEOPLE WITH DEVELOPMENT DISABILITIES IN NYC.

  • THE AHRC NEW YORK CITY FOUNDATION'S GRANT MAKING IS STRATEGIC AND TARGETED. GRANTS ARE MADE FOR PROJECTS AND PROGRAMS THAT BENEFIT PEOPLE WHO ARE NEURODIVERSE.THE FOUNDATION MADE GRANTS FOR:1) RENOVATIONS IN RESIDENCES2) ADDRESSING FRONTLINE STAFFING SHORTAGE3) DEVELOPING AN INDEPENDENT LIVING MODEL FOR RESIDENTIAL SERVICES

    Expenses $6,913,738 · Grants $6,771,427 · Revenue $865,485

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

Listed in Part VII

  • Mitchell Bloomberg

    CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    5

  • Jeanne Sdroulas

    VICE CHAIR OF BOARD

    Total calculated
    $0
    Hours/week
    1 + 1.4 related

  • Stephen Riggio

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Angelo Aponte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.7 related

  • Kenneth Arbeeny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Andreas Chrysostomou

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 1.4 related

  • Ken Colao

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jerry Gottlieb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael A Happel

    BOARD MEMBER (THRU 02/24)

    Total calculated
    $0
    Hours/week
    0.5

  • Caroline Hirsch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Joel S Isaacson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5 + 0.5 related

  • Elizabeth Ann Kahane

    BOARD MEMBER (THRU 10/23)

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Purce

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Sheinman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jennifer Goodwin

    EXECUTIVE DIRECTOR

    Total calculated
    $256,316
    From this org
    $0
    From related orgs
    $231,972
    Other
    $24,344
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $220,326 related
    Bonus
    $0
    Other
    $0 + $11,646 related
    Deferred
    $0 + $8,765 related
    Nontaxable benefits
    $0 + $15,579 related
    Filer's total
    $0 + $256,316 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

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I:
THE FOUNDATION DOES NOT DIRECTLY COMPENSATE ANY OF THE INDIVIDUALS LISTED IN FORM 990, PART VII AND SCHEDULE J. EXECUTIVE DIRECTOR, JENNIFER GOODWIN, RECEIVES HER WAGES FROM NYSARC, INC. NYC CHAPTER FOR THE SERVICES SHE RENDERS AS EXECUTIVE DIRECTOR OF THE FOUNDATION. MS. GOODWIN'S COMPENSATION IS DETERMINED BY THE FOUNDATION'S BOARD OF DIRECTORS (AS OUTLINED IN THE FOUNDATION'S SCHEDULE O, PART V, LINE 15 NARRATIVE).

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202511299349304026

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