Totals
- Total revenue
- $482,885
- Total expenses
- $442,470
- Contributions and grants received
- $315,057
- Grants paid
- $120,000
- Program service revenue
- $0
- Investment income
- $68,069
- Other revenue
- $99,759
- Total assets, end of year
- $2,401,287
- Total liabilities, end of year
- $2,873
- Net assets or fund balances, end of year
- $2,398,414
- Program services expenses (Part IX)
- $290,712
- Management and general expenses
- $151,758
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $290,712
Program services were 65.7% 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.
-
1b · Membership dues
$3,822
-
1c · Fundraising events
$281,235
-
1f · All other contributions, gifts and grants
$30,000
-
3 · Investment income
total $36,377 · excluded $36,377
-
7a · Gross sales of assets other than inventory
securities $313,531
-
7b · Less cost or other basis and sales expenses
securities $281,839
-
7c · Gain or loss
securities $31,692
-
7d · Net gain or loss
total $31,692 · excluded $31,692
-
8a · Fundraising events: gross income
$199,518
-
8a · Fundraising events: contributions included on line 1c
$281,235
-
8b · Fundraising events: direct expenses
$99,759
-
8c · Net income from fundraising events
total $99,759 · excluded $99,759
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $120,000 · program services $120,000
-
11f · Fees: investment management
total $16,934 · management and general $16,934
-
12 · Advertising and promotion
total $294 · program services $147 · management and general $147
-
24a · Other expenses: SHARED SERVICES
total $150,000 · program services $150,000
-
24b · Other expenses: EVENT EXPENSES
total $134,112 · management and general $134,112
-
24c · Other expenses: RESEARCH PROJECT
total $20,000 · program services $20,000
-
24d · Other expenses: MISCELLANEOUS
total $1,130 · program services $565 · management and general $565
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $389,209 · end of year $362,077
-
2 · Savings and temporary cash investments
beginning of year $91,564 · end of year $99,055
-
4 · Accounts receivable
beginning of year $625 · end of year $12,110
-
11 · Investments: publicly traded securities
beginning of year $1,732,290 · end of year $1,928,045
-
17 · Accounts payable and accrued expenses
end of year $2,873
-
25 · Other liabilities
beginning of year $7,501 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,206,187 · end of year $2,398,414
Mission and programs · 2025
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.
-
PROVIDED GRANTS TO NONPROFIT ORGANIZATIONS AND INITIATIVES THAT MAKE NEW YORK CITY A BETTER PLACE TO LIVE WORK AND VISIT FOR ALL; FUNDED RESEARCH THAT INFORMS ON POLICY; BOLSTERED CIVIC ENGAGEMENT; AND SUPPORTED EDUCATIONAL PROGRAMMING FOR CIVICALLY INTERESTED YOUNG PROFESSIONALS AND WOMEN WORKING IN NEW YORK CITY.
Expenses $290,712 · Grants $120,000
As filed on the 2025 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
-
Jennifer RaabJENNIFER RAAB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jill SungJILL SUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia OrnstPATRICIA ORNST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert LehrmanROBERT LEHRMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Teresa GonzalezTERESA GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Travis TerryTRAVIS TERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William C RudinWILLIAM C RUDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Veronica SullivanVERONICA SULLIVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew S WashingtonMATTHEW S WASHINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chad PurkeyCHAD PURKEY
INTERIM EXECUTIVE DIRECTOR (TILL MAY)
- Total calculated
- $178,542
- From this org
- $0
- From related orgs
- $164,937
- Other
- $13,605
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $156,937 related
- Bonus
- $0 + $8,000 related
- Other
- $0
- Deferred
- $0 + $13,605 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $178,542 related
-
Emma PfohmanEMMA PFOHMAN
CHIEF EXECUTIVE OFFICER
- Total calculated
- $149,249
- From this org
- $0
- From related orgs
- $149,249
- Other
- $0
- 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
None.
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
- ASSOCIATION FOR A BETTER NEW YORK (RELATED ORGANIZATION) SETS THE COMPENSATION FOR THE INTERIM EXECUTIVE DIRECTOR. THE RELATED ORGANIZATION USES THE FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD TO DETERMINE THIS COMPENSATION.
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
-
$10,000
WORKFORCE DEVELOPMENT
-
WORKFORCE DEVELOPMENT
-
WORKFORCE DEVELOPMENT
-
$7,500
WORKFORCE DEVELOPMENT
-
$7,500
WORKFORCE DEVELOPMENT
-
$7,500
WORKFORCE DEVELOPMENT
-
$7,500
WORKFORCE DEVELOPMENT
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
- 2025
- Filed
- 25 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202622609349301707
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