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Nonprofiteer
← NEW YORK CITY TOURISM FOUNDATION INC

Form 990 for tax year 2022

Filed by NEW YORK CITY TOURISM FOUNDATION INC.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$453,435 changed to $652,641
Total expenses
$414,402 changed to $178,463
Contributions and grants received
$516,550 changed to $716,808
Other revenue
-$63,115 changed to -$64,167
Total assets, end of year
$356,933 changed to $694,299
Total liabilities, end of year
$138,814 changed to $41,036
Net assets or fund balances, end of year
$218,119 changed to $653,263
Program services expenses
$401,313 changed to $165,313
Management and general expenses
$13,089 changed to $13,150
Program service expenses (Part III)
$401,313 changed to $165,313

Totals

Total revenue
$652,641
Total expenses
$178,463
Contributions and grants received
$716,808
Grants paid
$165,313
Program service revenue
$0
Investment income
$0
Other revenue
-$64,167
Total assets, end of year
$694,299
Total liabilities, end of year
$41,036
Net assets or fund balances, end of year
$653,263
Program services expenses (Part IX)
$165,313
Management and general expenses
$13,150
Fundraising expenses
$0
Program service expenses (Part III)
$165,313

Program services were 92.6% 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

    $591,973

  • 1f · All other contributions, gifts and grants

    $124,835

  • 8a · Fundraising events: gross income

    $118,750

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

    $591,973

  • 8b · Fundraising events: direct expenses

    $182,917

  • 8c · Net income from fundraising events

    total -$64,167 · excluded -$64,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,313 · program services $165,313

  • 11c · Fees: accounting

    total $4,175 · management and general $4,175

  • 13 · Office expenses

    total $8,975 · management and general $8,975

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $316,899 · end of year $301,677

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $343,508

  • 15 · Other assets

    beginning of year $1,000 · end of year $49,114

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,814 · end of year $41,036

  • 19 · Deferred revenue

    beginning of year $100,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $179,085 · end of year $653,263

Mission and programs · 2022

Mission

TO SUPPORT AND PROMOTE NEW YORK CITY'S CULTURAL INSTITUTIONS, HISTORIC LANDMARKS, AND HERITAGE ORGANIZATIONS AND SITES, WITH A VIEW TO BENEFIT THE COMMUNITY AND ENHANCE THE CITY'S WORLDWIDE IMAGE.

Activities or mission (Part I)

TO SUPPORT AND PROMOTE NEW YORK CITY'S CULTURAL INSTITUTIONS, HISTORIC LANDMARKS, AND HERITAGE ORGANIZATIONS AND SITES ACROSS ALL FIVE BOROUGHS OF NEW YORK CITY, WITH A VIEW TO BENEFIT THE COMMUNITY AND ENHANCE THE CITY'S WORLDWIDE IMAGE.

  • BOROUGH GRANT PROGRAM/CONTRIBUTIONS:CONTRIBUTING MONEY TO SPECIFIC COMMUNITY PROGRAMS IN NEW YORK CITY'S FIVE BOROUGHS WHICH CAN DRIVE TOURISM. TYPICAL ANNUAL CONTRIBUTION CIRCA $320-$350K FUNDING APPROXIMATELY 60 PROGRAMS ACROSS THE FIVE BOROUGHS.

    Expenses $165,313 · Grants $165,313

  • EDUCATION AND CHARITABLE ORGANIZATION CONTRIBUTIONS:THE FOUNDATION ADMINISTERS A GRANT PROGRAM TO ASSIST NEW YORK CITY'S NON PROFIT ARTS AND CULTURAL ORGANIZATIONS IN THE DEVELOPMENT OF CULTURAL TOURISM RELATED PROJECTS DESIGNED TO ATTRACT VISITORS. THE FOUNDATION FOCUSES ON EDUCATING DOMESTIC AND INTERNATIONAL MARKETS ABOUT THE CULTURAL OPPORTUNITIES AVAILABLE THROUGHOUT NEW YORK CITY. THE FOUNDATION ALSO MAKE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR ORGANIZATION'S MISSION AND SCHOLARSHIPS FUNDS.

  • Z-CARDS/CULTURE SPOT:PROVISION OF FREE FOLD OUT MAPS ('Z-CARDS') TO LOCAL RESIDENTS AND TOURISTS HIGHLIGHTING THE CITY'S CULTURAL INSTITUTIONS AND OPPORTUNITIES AND HOW TO GET TO THEM. TYPICAL COST CIRCA $100K.

As filed on the 2022 return.

Listed in Part VII

  • Fred Dixon

    PRESIDENT

    Total calculated
    $708,359
    From this org
    $0
    From related orgs
    $663,957
    Other
    $44,402
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $535,810 related
    Bonus
    $0 + $107,647 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $8,100 related
    Nontaxable benefits
    $0 + $36,302 related
    Filer's total
    $0 + $708,359 related

  • Harold Holzer

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Charles Flateman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Emily Rafferty

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Lovatt

    TREASURER

    Total calculated
    $435,248
    From this org
    $0
    From related orgs
    $335,790
    Other
    $99,458
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $335,790 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,291 related
    Nontaxable benefits
    $0 + $93,167 related
    Filer's total
    $0 + $435,248 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

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
2022
Filed
11 December 2024
IRS schema version
2022v5.0
Source object
202433469349300743

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