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Fund For The City Of New York Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 132612524 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Fund For The City Of New York Inc?

The Fund for the City of New York Inc, established in 1968 through a grant from the Ford Foundation, is a New York-based nonprofit organization with a mission to enhance the quality of life for all New Yorkers. By collaborating with both government entities and nonprofit organizations, the Fund strives to improve their performance and effectiveness. With a team of 1,428 employees, this innovative organization focuses on local, national, and international initiatives to spur growth and strengthen communities, ultimately fostering public trust in justice systems and reducing crime. The Center for Court Innovation, a significant program departed from the Fund as of May 1, 2022.


Official website here: www.fcny.org

What are the reviews and ratings of this charity?

Rating from Charity Navigator: 86% (Three-Star out of Four Star rating)

Fund For The City Of New York Inc has achieved an overall score of 86%, which reflects strong accountability and financial practices. The organization boasts a fully independent board and adheres to robust financial oversight standards, including having no material diversion of assets. Their transparency is further highlighted by well-documented governance policies, such as conflict of interest and whistleblower policies.

Despite its strengths, the organization has some limitations, particularly in fundraising efficiency, where it received a low score. This suggests that while it effectively allocates funds to its programs, the organization may face challenges in generating revenue through fundraising efforts. The program expense ratio is notably high, indicating that a significant portion of its budget is directed towards its mission-related activities.

While the liabilities to assets ratio is moderate, it is worth noting that the organization may need to enhance its fundraising strategies to improve its financial stability in the long term. Overall, Fund For The City Of New York Inc demonstrates a commitment to accountability and effective program delivery, albeit with some areas requiring attention for growth.


This AI summary has been generated from information found on Charity Navigator.

Is Fund For The City Of New York Inc legitimate?

Fund For The City Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For The City Of New York Inc 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: $3,915,777
Professional Fundraising Fees: $219,860
Other Salaries and Wages: $46,776,256

For more financial information, click here


Official website here: www.fcny.org

What is the mission statement of Fund For The City Of New York Inc?

The Fund for the City of New York Inc was established in 1968 with the support of the Ford Foundation. Its mission is geared towards enhancing the quality of life for all New Yorkers by improving the efficiency of government and nonprofit organizations. The organization strives to identify opportunities for progress and works diligently to bring about positive changes within these sectors. The Fund for the City of New York's initiatives extend beyond New York, fostering innovation locally, nationally, and internationally. One of its notable programs is the Center for Court Innovation, which collaborates with the justice system and victims, reduces crime, strengthens neighborhoods, and builds public trust in the justice sector by combining practical action with reflective learning.


Official website here: www.fcny.org

Who is the CEO of Fund For The City Of New York Inc?

Lisette Nieves is the Board Member of Fund For The City Of New York Inc. The CEO's salary of Fund For The City Of New York Inc is $174,051 and their total compensation is $218,939.


Official website here: www.fcny.org

What is the revenue of Fund For The City Of New York Inc?

Fund For The City Of New York Inc's revenue in 2022 was $114,215,839.


Official website here: www.fcny.org

Who are the executives of Fund For The City Of New York Inc and what are their salaries?

The average compensation at Fund For The City Of New York Inc during 2022 was $35,499. There are 1428 employees and 50 volunteers at Fund For The City Of New York Inc.


Here are 29 key members and their salaries (Fund For The City Of New York Inc's CEO's salary is $174,051 and their total compensation is $218,939):


Jomysha Delgado Stephen Start 10202 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Arad (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Buchman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Steinberger Term 52022 (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Georgia Boothe (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ester Fuchs (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Lausell Bryant (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisette Nieves (Board Member/ President)
  • Compensation: $344,952
  • Related: $0
  • Other: $59,368
Jill E Borrero (Vice President Of Finance And Operations)
  • Compensation: $218,183
  • Related: $0
  • Other: $46,542
Aldrin Bonilla (Executive Vice President)
  • Compensation: $262,708
  • Related: $0
  • Other: $36,584
Juana Rosario (Comptroller & Director)
  • Compensation: $161,667
  • Related: $0
  • Other: $48,051
Courtney Bryan (Chief Executive Officer)
  • Compensation: $324,080
  • Related: $0
  • Other: $59,009
Fred Dejohn (Chief Financial Officer)
  • Compensation: $287,500
  • Related: $0
  • Other: $61,773
Erasma Beras-Monticciolo (Executive Director)
  • Compensation: $240,000
  • Related: $0
  • Other: $24,000
Shoshanah Brown (Chief Executive Officer)
  • Compensation: $231,266
  • Related: $0
  • Other: $23,127
Alex Zablocki (Executive Director)
  • Compensation: $200,000
  • Related: $0
  • Other: $20,855
Jose Ortiz (Executive Director)
  • Compensation: $195,608
  • Related: $0
  • Other: $0
Jethro Antoine (Deputy Director)
  • Compensation: $195,045
  • Related: $0
  • Other: $49,513
James Ryan (Executive Director)
  • Compensation: $194,052
  • Related: $0
  • Other: $30,675
Blake Ratner (Executive Director)
  • Compensation: $185,285
  • Related: $0
  • Other: $50,036
Miriam Feldblum (Executive Director)
  • Compensation: $180,956
  • Related: $0
  • Other: $49,922
John Konarski (Chief Executive Officer)
  • Compensation: $174,051
  • Related: $0
  • Other: $44,888
Steven Toledo (Chief Operating Officer)
  • Compensation: $155,775
  • Related: $0
  • Other: $27,899
Andrew Walrond (Vice President Of Loan Program)
  • Compensation: $151,563
  • Related: $0
  • Other: $45,184
Jeffrey Sudmyer (Director)
  • Compensation: $221,267
  • Related: $0
  • Other: $47,822
Elina Alayeva (Director)
  • Compensation: $200,000
  • Related: $0
  • Other: $52,488
James Brodick (Director)
  • Compensation: $190,767
  • Related: $0
  • Other: $20,677
Aaron Arnold (Director)
  • Compensation: $183,088
  • Related: $0
  • Other: $27,795
Dipal Shah (Chief Of Staff)
  • Compensation: $175,168
  • Related: $0
  • Other: $29,584


Official website here: www.fcny.org

Where can I find the form 990 for Fund For The City Of New York Inc?

Fund For The City Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fcny.org

Learn more at the official website: www.fcny.org

Mission Statement of Fund For The City Of New York Inc

The Fund for the City of New York Inc, founded in 1968 by the Ford Foundation, is committed to enhancing the lives of all New Yorkers. By focusing on the improvement of government and nonprofit organizations' performance, this esteemed organization strives to create lasting opportunities for the city's residents.

In essence, the Fund for the City of New York Inc serves as a catalyst for positive change. Its mission lies in responding to opportunities to elevate the quality of life for New Yorkers. Through its efforts, this organization aims to strengthen neighborhoods, reduce crime, and foster public trust in the justice system. The Fund for the City of New York Inc's innovative approach involves a combination of action and reflection, enabling it to spark transformative improvements both locally and beyond.

The Center for Court Innovation, a partner program of the Fund for the City of New York Inc, has made significant strides in accomplishing these goals. This program has contributed to the justice system by helping victims, reducing crime, and improving public trust. The Center for Court Innovation's unique methodology of reflecting on and learning from their actions allows them to pioneer groundbreaking initiatives that resonate not only in New York but also internationally. As of May 1, 2022, the Center for Court Innovation departed as a partner program of the Fund for the City of New York Inc. Despite this change, the Fund for the City of New York Inc remains steadfast in its mission to improve the lives of New Yorkers by fostering the growth and effectiveness of both government and nonprofit organizations.

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Impact




October, 2024

The Fund for the City of New York, established in 1968, has made significant strides in enhancing the quality of life for New Yorkers by focusing on the performance of government and related organizations. Through its initiatives, the Fund aims to respond to emerging opportunities that directly impact communities.

One key area of impact is the Center for Court Innovation, which works to reform the justice system, reduce crime, and bolster public trust. By addressing the needs of victims and the broader community, the Center fosters a collaborative environment that encourages innovative practices in justice. This initiative not only supports victims but also strengthens neighborhoods, contributing to safer and more resilient communities.

Overall, the Fund's efforts in promoting effective governance and innovative solutions play a crucial role in driving positive change throughout New York City, ultimately benefiting all its residents.




This information is meant to be a general summary of Fund For The City Of New York Inc. 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.

Revenue
$114,215,839 (2022)
Expenses
$128,254,981 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $128,215
  • Program Service Revenue: $11,776,345
  • Gross Receipts: $114,215,839

Assets and Liabilities:

  • Total Assets: $170,389,317
  • Total Liabilities: $86,724,943
  • Net Assets: $83,664,374

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FEE FOR SERVICE

Revenue

$6,112,461

PROGRAM SERVICE REVENUE

Revenue

$5,663,884

Organization Details

Founding Year

1968

Principal Officer

Lisette Nieves

Main Address

121 SIXTH AVENUE 6TH FLOOR, NEW YORK, NY, 10013

NTEE Category

Code: T310 - Philanthropy

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