Overview
What is The Economic Club Of New York?
The Economic Club of New York is a nonprofit, nonpartisan, and nonpolitical organization established over a century ago, situated in New York City. Its primary mission is to foster intellectual discourse and dialogue on social, economic, and political issues, serving as a platform for prominent thought leaders from around the globe to share diverse perspectives in an open environment. By promoting free expression of diverse viewpoints, the club acts as a catalyst for innovation in thought and ideas relevant to the societal challenges at hand. In 2022, over 6,000 individuals attended its 55 signature events, featuring prominent figures such as investor Ray Dalio, Federal Reserve Bank of Cleveland President Loretta Mester, General Mark Milley, and Senator Joe Manchin. Moreover, the club has prioritized speakers who can inform members' perspectives on diversity, equity, and inclusion, including CEOs Thasunda Brown Duckett and Arvind Krishna. The Economic Club of New York is home to 11 employees, committed to fostering meaningful conversations and shaping the discourse on pressing social, economic, and political issues.
Official website here: www.econclubny.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The Economic Club of New York has achieved an impressive 97% rating, reflecting a strong level of accountability and financial health. This score is entirely derived from their Accountability & Finance metrics, indicating that the organization places a significant emphasis on these areas. The charity's fiscal practices are robust, showcasing a commitment to transparency and ethical governance with 100% independent board members and comprehensive financial oversight.
Strengths noted in the evaluation include a solid program expense ratio of 76.58%, which suggests that a significant portion of their budget is directed toward their mission and programs rather than administrative costs. Additionally, their fundraising efficiency is notable, with only $0.002 spent to raise a dollar, indicating effective fundraising strategies that minimize costs. The organization also maintains a favorable liabilities to assets ratio, ensuring financial stability.
While the data reflects no major concerns, the review does not highlight any specific areas for improvement. Overall, The Economic Club of New York demonstrates strong financial practices, governance, and a commitment to transparency, making it a trustworthy nonprofit organization in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Economic Club Of New York legitimate?
The Economic Club Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Economic Club Of New York submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $765,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,032,237
For more financial information, click here
Official website here: www.econclubny.org
What is the mission statement of The Economic Club Of New York?
The Economic Club of New York is a nonprofit, nonpartisan, and nonpolitical organization committed to promoting the exploration and discussion of social, economic, and political issues. Established over a century ago, it has served as a leading public platform for influential thinkers from the United States and around the world. By fostering an environment that encourages the open expression of diverse views and opinions, the club plays a pivotal role in catalyzing innovation in thought and ideas that impact various societal challenges. The club's activities contribute to broadening perspectives and stimulating constructive dialogue on pressing social, economic, and political matters.
Official website here: www.econclubny.org
Who is the CEO of The Economic Club Of New York?
Barbara M Van Allen is the Chair of The Economic Club Of New York. The CEO's salary of The Economic Club Of New York is $746,633 and their total compensation is $765,750.
Official website here: www.econclubny.org
What is the revenue of The Economic Club Of New York?
The Economic Club Of New York's revenue in 2022 was $3,373,402.
Official website here: www.econclubny.org
Who are the executives of The Economic Club Of New York and what are their salaries?
The average compensation at The Economic Club Of New York during 2022 was $163,453. There are 11 employees and 21 volunteers at The Economic Club Of New York.
Here are 29 key members and their salaries (The Economic Club Of New York's CEO's salary is $746,633 and their total compensation is $765,750):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $746,633
- Related: $0
- Other: $19,117
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $198,162
- Related: $0
- Other: $15,580
- Compensation: $178,000
- Related: $0
- Other: $31,265
- Compensation: $155,982
- Related: $0
- Other: $24,448
- Compensation: $132,500
- Related: $0
- Other: $47,630
- Compensation: $129,000
- Related: $0
- Other: $41,520
Official website here: www.econclubny.org
Where can I find the form 990 for The Economic Club Of New York?
The Economic Club Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.econclubny.org
Learn more at the official website: www.econclubny.org
Mission Statement of The Economic Club Of New York
The Economic Club of New York is a distinguished, nonpartisan, and nonpolitical organization with a mission to foster the exploration and discussion of social, economic, and political matters. Established over a century ago, this nonprofit has been serving as a prominent platform for influential thinkers from the United States and beyond. By providing a setting that encourages diverse perspectives and opinions to be shared freely, the Club plays a catalytic role in driving innovation in thought and ideas that significantly impact various social, economic, and political issues present in society. By promoting the open expression of diverse views and opinions, the Economic Club of New York serves as a vital catalyst for intellectual growth and progress.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Economic Club of New York is a premier public forum for thought leaders from the United States and around the world to express diverse views and opinions on social, economic, and political topics. Through its signature events and commitment to diversity, equity, and inclusion, the Club serves as a catalyst for innovation in thought and ideas impacting societal issues. With over a century of history, the Club plays a significant role in fostering dialogue and shaping perspectives on critical issues facing society today.
This information is meant to be a general summary of The Economic Club Of New York. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $187,113
- Program Service Revenue: $937,867
- Gross Receipts: $4,075,886
Assets and Liabilities:
- Total Assets: $8,671,792
- Total Liabilities: $245,892
- Net Assets: $8,425,900
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$724,115
NEW MEMBER INITIATION FEES
Revenue
$129,750
FELLOW PROGRAM
Revenue
$84,002
Organization Details
Founding Year
1907
Phone
(212) 947-7738Principal Officer
Barbara M Van Allen
Main Address
350 FIFTH AVENUE SUITE 5010, NEW YORK, NY, 10118
Website
www.econclubny.orgNTEE Category
Code: V22C - Social research
If you are a representative of The Economic Club Of New York and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.