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: $3,484,681
Professional Fundraising Fees: $317,933
Other Salaries and Wages: $21,926,918
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
What is the revenue of Fund For The City Of New York Inc?
Fund For The City Of New York Inc's revenue in 2023 was $67,312,664.
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 2023 was $17,089. There are 1487 employees and 50 volunteers at Fund For The City Of New York Inc.
Here are 24 key members and their salaries:
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- Compensation: $351,681
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- Other: $55,647
- Compensation: $221,477
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- Other: $47,016
- Compensation: $267,833
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- Other: $35,966
- Compensation: $164,820
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- Other: $41,350
- Compensation: $300,000
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- Other: $55,203
- Compensation: $228,020
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- Other: $8,936
- Compensation: $200,529
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- Other: $30,301
- Compensation: $192,604
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- Other: $39,606
- Compensation: $190,562
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- Other: $43,924
- Compensation: $184,599
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- Other: $373
- Compensation: $164,617
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- Other: $7,010
- Compensation: $156,250
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- Other: $36,288
- Compensation: $202,500
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- Other: $47,926
- Compensation: $200,000
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- Other: $44,868
- Compensation: $180,135
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- Other: $27,828
- Compensation: $173,125
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- Other: $18,115
- Compensation: $172,500
- Related: $0
- Other: $37,596
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 2023 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $2,095,123
- Program Service Revenue: $14,101,327
- Gross Receipts: $67,312,664
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.
PROGRAM SERVICE REVENUE
Revenue
$8,353,583
FEE FOR SERVICE
Revenue
$5,747,744
Organization Details
Founding Year
1968
Principal Officer
Lisette Nieves
Website
www.fcny.orgNTEE Category
Code: T310 - Philanthropy
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