Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $854,395

• 1e · Government grants (contributions)

  $85,768

• 1f · All other contributions, gifts and grants

  $27,350,805

• 1g · Noncash contributions included above

  $1,161

• 3 · Investment income

  total $1,764,567 · excluded $1,764,567

• 5 · Royalties

  total $84,020 · excluded $84,020

• 7a · Gross sales of assets other than inventory

  securities $40,910,140

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

  securities $25,087,018

• 7c · Gain or loss

  securities $15,823,122

• 7d · Net gain or loss

  total $15,823,122 · excluded $15,823,122

• 11a · Other revenue: OTHER INCOME

  total $4,554 · excluded $4,554

• 11e · Other revenue, total

  $4,554

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,226,421 · program services $14,226,421

• 2 · Grants to domestic individuals

  total $4,535,376 · program services $4,535,376

• 3 · Grants to foreign organizations and individuals

  total $1,451,446 · program services $1,451,446

• 5 · Compensation of officers, directors and key employees

  total $1,291,563 · program services $732,185 · management and general $483,617 · fundraising $75,761

• 7 · Other salaries and wages

  total $3,642,731 · program services $2,065,058 · management and general $1,363,995 · fundraising $213,678

• 8 · Pension plan contributions

  total $460,862 · program services $289,496 · management and general $140,677 · fundraising $30,689

• 9 · Other employee benefits

  total $697,791 · program services $476,372 · management and general $175,016 · fundraising $46,403

• 10 · Payroll taxes

  total $340,999 · program services $213,171 · management and general $105,686 · fundraising $22,142

• 11b · Fees: legal

  total $17,110 · program services $544 · management and general $16,566

• 11c · Fees: accounting

  total $69,399 · program services $12,000 · management and general $57,399

• 11f · Fees: investment management

  total $568,958 · management and general $568,958

• 11g · Fees: other

  total $1,227,294 · program services $986,185 · management and general $233,064 · fundraising $8,045

• 12 · Advertising and promotion

  total $97,687 · program services $95,437 · management and general $2,250

• 13 · Office expenses

  total $184,845 · program services $80,540 · management and general $96,215 · fundraising $8,090

• 14 · Information technology

  total $981,125 · program services $318,268 · management and general $642,494 · fundraising $20,363

• 16 · Occupancy

  total $248,730 · program services $36,592 · management and general $212,138

• 17 · Travel

  total $435,389 · program services $336,103 · management and general $99,166 · fundraising $120

• 19 · Conferences, conventions and meetings

  total $1,226,727 · program services $637,694 · management and general $587,046 · fundraising $1,987

• 22 · Depreciation, depletion and amortization

  total $341,500 · program services $308,557 · management and general $25,697 · fundraising $7,246

• 23 · Insurance

  total $77,429 · program services $10,999 · management and general $66,430

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $144,151 · program services $12,197 · management and general $124,515 · fundraising $7,439

• 24b · Other expenses: PRINTING AND PUBLISHING

  total $116,826 · program services $115,710 · management and general $1,116

• 24c · Other expenses: LICENSES, TAXES, AND GI

  total $19,002 · program services $912 · management and general $16,737 · fundraising $1,353

• 24d · Other expenses: RECRUITING COSTS

  total $9,337 · management and general $9,337

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,338,090 · end of year $12,237,938

• 3 · Pledges and grants receivable

  beginning of year $9,281,734 · end of year $10,120,730

• 4 · Accounts receivable

  beginning of year $344,683 · end of year $243,380

• 9 · Prepaid expenses and deferred charges

  beginning of year $44,497 · end of year $37,212

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

  $7,313,090

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

  $5,805,791

• 10c · Land, buildings and equipment, net

  beginning of year $1,746,192 · end of year $1,507,299

• 11 · Investments: publicly traded securities

  beginning of year $54,649,883 · end of year $65,662,079

• 12 · Investments: other securities

  beginning of year $114,188,492 · end of year $110,356,567

• 15 · Other assets

  beginning of year $136,235 · end of year $111,963

• 17 · Accounts payable and accrued expenses

  beginning of year $765,966 · end of year $787,513

• 18 · Grants payable

  beginning of year $11,367,367 · end of year $8,808,488

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,269,719 · end of year $1,193,241

• 27 · Net assets without donor restrictions

  beginning of year $90,098,309 · end of year $99,711,969

• 28 · Net assets with donor restrictions

  beginning of year $82,228,445 · end of year $89,775,957

The filer's explanations (Part III)

PART I, LINE 1A

THE BOARD OF DIRECTORS HAVE AN EMPLOYMENT AGREEMENT WITH THE PRESIDENT OF THE COUNCIL THAT PROVIDES FOR ALL ASPECTS OF THE PRESIDENT'S COMPENSATION AND BENEFITS PACKAGE. THE EXECUTIVE COMMITTEE OF THE BOARD ANNUALLY REVIEWS AND APPROVES ANY REVISION OF EMPLOYEE COMPENSATION. WHEN CONSIDERING THE COMPENSATION OF THE PRESIDENT AND TOP MANAGEMENT, THE EXECUTIVE COMMITTEE REVIEWS REPORTS OF NATIONAL SALARY SURVEYS OF NON-PROFIT ORGANIZATIONS PROVIDED TO IT PERIODICALLY, WHICH INCLUDE SPECIFIC DATA RELATING TO THE NEW YORK METROPOLITAN AREA. IN ADDITION, WHEN CONSIDERING COMPENSATION OF THE PRESIDENT, THE EXECUTIVE COMMITTEE REVIEWS COMPENSATION PAID TO CEOS OF SPECIFIC NON-PROFIT ORGANIZATIONS DEEMED COMPARABLE TO THE COUNCIL IN RELATION TO SIMILAR MISSIONS, SCOPE AND SIZE. HOUSING ALLOWANCE: THE PRESIDENT OF THE COUNCIL IS PROVIDED WITH A HOUSING ALLOWANCE IN THE NEW YORK CITY AREA WHICH IS APPROVED AT THE DISCRETION OF THE BOARD.