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Nonprofiteer
← THE BRONX FOUNDATION INC

Form 990 for tax year 2023

Filed by THE BRONX FOUNDATION INC.

Totals

Total revenue
$1,008,438
Total expenses
$2,546,024
Contributions and grants received
$923,912
Grants paid
$720,020
Program service revenue
$0
Investment income
$25,710
Other revenue
$58,816
Total assets, end of year
$6,368,128
Total liabilities, end of year
$469,573
Net assets or fund balances, end of year
$5,898,555
Program services expenses (Part IX)
$1,549,518
Management and general expenses
$513,972
Fundraising expenses
$482,534
Program service expenses (Part III)
$1,549,518

Program services were 60.9% 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

    $16,800

  • 1e · Government grants (contributions)

    $66,345

  • 1f · All other contributions, gifts and grants

    $840,767

  • 1g · Noncash contributions included above

    $43,020

  • 3 · Investment income

    total $25,710 · excluded $25,710

  • 8a · Fundraising events: gross income

    $82,673

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

    $16,800

  • 8b · Fundraising events: direct expenses

    $23,857

  • 8c · Net income from fundraising events

    total $58,816 · excluded $58,816

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $701,840 · program services $701,840

  • 2 · Grants to domestic individuals

    total $18,180 · program services $18,180

  • 5 · Compensation of officers, directors and key employees

    total $300,000 · program services $75,000 · management and general $90,000 · fundraising $135,000

  • 7 · Other salaries and wages

    total $298,769 · program services $101,796 · management and general $86,521 · fundraising $110,452

  • 10 · Payroll taxes

    total $40,246 · program services $13,712 · management and general $11,655 · fundraising $14,879

  • 11c · Fees: accounting

    total $113,240 · management and general $113,240

  • 11d · Fees: lobbying

    total $68,405 · fundraising $68,405

  • 11e · Fees: professional fundraising services

    total $65,109 · fundraising $65,109

  • 11g · Fees: other

    total $785,426 · program services $574,181 · management and general $137,180 · fundraising $74,065

  • 12 · Advertising and promotion

    total $20,613 · program services $11,705 · management and general $8,619 · fundraising $289

  • 13 · Office expenses

    total $11,935 · program services $2,143 · management and general $3,312 · fundraising $6,480

  • 14 · Information technology

    total $34,932 · program services $1,071 · management and general $29,028 · fundraising $4,833

  • 17 · Travel

    total $37,785 · program services $34,006 · management and general $3,510 · fundraising $269

  • 19 · Conferences, conventions and meetings

    total $24,008 · program services $15,414 · management and general $8,518 · fundraising $76

  • 23 · Insurance

    total $11,868 · management and general $11,868

  • 24a · Other expenses: LICENSES AND FEES

    total $12,464 · management and general $9,787 · fundraising $2,677

  • 24e · All other expenses

    total $1,204 · program services $470 · management and general $734

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,835,227 · end of year $3,892,102

  • 2 · Savings and temporary cash investments

    beginning of year $1,827,042 · end of year $1,852,748

  • 3 · Pledges and grants receivable

    beginning of year $923,968 · end of year $577,265

  • 4 · Accounts receivable

    beginning of year $0 · end of year $600

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,918 · end of year $18,955

  • 15 · Other assets

    beginning of year $27,958 · end of year $26,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $152,972 · end of year $127,073

  • 18 · Grants payable

    beginning of year $30,000 · end of year $342,500

  • 27 · Net assets without donor restrictions

    beginning of year $4,361,285 · end of year $4,043,105

  • 28 · Net assets with donor restrictions

    beginning of year $3,074,856 · end of year $1,855,450

Mission and programs · 2023

Mission

THE BRONX COMMUNITY FOUNDATION SUPPORTS AND INVESTS IN COMMUNITY POWER TO ERADICATE INEQUITY AND BUILD SUSTAINABLE FUTURES FOR ALL BRONXITES.

Activities or mission (Part I)

THE BRONX COMMUNITY FOUNDATION (BXCF) IS THE FIRST AND ONLY COMMUNITY FOUNDATION IN THE BRONX, SOLELY DEDICATED TO DELIVERING RESOURCES TO THE BOROUGH.

  • DELIVERING RESOURCES TO THE BRONX COMMUNITY VIA FOUR PILLARS OF SUSTAINABILITY: COMMUNITY, EQUITY & JUSTICE, ECONOMIC SECURITY, AND HEALTH.IN DECEMBER/JANUARY 2023, BXCF HIRED HESTER STREET TO PLAN AND CONDUCT COMMUNITY ENGAGEMENTS THROUGH THE BOROUGH FOR STRATEGIC PLANNING. THE GOAL WAS TO DEVELOP A COMMUNITY-DRIVEN NEEDS ASSESSMENT AND REPORT TO INFORM BXCF'S STRATEGIC PLAN TO BUILD A BRONX COMMUNITY FOUNDATION FOR, BY AND ALL ABOUT THE BRONX. WE WORKED WITH NON-PROFIT ORGANIZATIONS TO CO-DESIGN AND CO-HOST THE SESSIONS TO OVER 1,000 BRONX RESIDENTS. THESE SESSIONS WERE HELD OVER THE SPRING AND SUMMER OF 2023. IN SPRING 2023, BXCF LAUNCHED THE BXCF EQUITY AND JUSTICE GRANT/ASYLUM SEEKERS APPLICATION FOR NON-PROFIT ORGANIZATIONS TO RECEIVE FUNDING TO PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES SEEKING ASYLUM. THE GRANT FUNDING PRIORITIES WERE: LEGAL SERVICES, WRAP-AROUND SUPPORT SERVICES AND HOUSING SUPPORT. BXCF GRANTED $25,000 TO 5 ORGANIZATIONS IN JUNE 2023. IN FALL 2023, BXCF LAUNCHED A COMMUNITY-DRIVEN, PARTICIPATORY GRANTS PORTFOLIO PROVIDING FINANCIAL RESOURCES TO BRONX ORGANIZATIONS TO BUILD CAPACITY, FUND INNOVATIVE PROGRAMS AND ADDRESS SOCIAL AND ECONOMIC CHALLENGES THAT ADDRESS HOUSING, HEALTH CARE, FOOD SECURITY, EDUCATION, JOB, CAREER SKILLS AND DIGITAL EQUITY. BXCF GRANTED $25,000 TO 14 ORGANIZATIONS IN DECEMBER 2023.

    Expenses $1,549,518 · Grants $720,020

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

Listed in Part VII

  • Derrick Lewis

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Desmon Lewis

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jason Duchin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carlos Moreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Seitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raquel Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Woo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • German Soto Sanchez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jacques Degraff 62023-122023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Blake 62023-122023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alta Edwards Through May 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carson Gardner Through May 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meisha Ross Porter

    PRESIDENT AND CEO

    Total calculated
    $300,000
    From this org
    $300,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $300,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $300,000

  • Erika Freund

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $143,000
    From this org
    $143,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433189349304048

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

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