Overview
What is New York Road Runners Inc C/O Finance Department?
New York Road Runners Inc CO Finance Department is a part of the New York Road Runners (NYRR), a nonprofit organization located at 156 West 56th Street in New York City, New York. NYRR is dedicated to inspiring and helping people through running, offering various events, programs, and resources for individuals of all ages and abilities. In Fiscal Year 2022, they held the 50th running of the New York City Marathon, where about half the usual number of runners participated due to public gathering restrictions. This event included Resolution Runners, who received complimentary guaranteed entrance from the previous year's cancellation process. The TCS New York City Marathon drew over 25,000 runners from 90 countries, all 50 states, including D.C., and Puerto Rico. NYRR's mission encompasses year-round events, youth and community programs, virtual offerings, and associated resources to support and motivate individuals in their running journeys. The organization employs a total of 720 people.
Official website here: www.nyrr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
New York Road Runners Inc's Finance Department has achieved an impressive 93% overall rating from Charity Navigator, indicating strong performance in accountability and finance. The organization boasts an excellent program expense ratio of 86.09%, highlighting its commitment to directly funding its programs rather than administrative costs. Additionally, the fundraising efficiency ratio of $0.022 demonstrates effective management of fundraising expenses, ensuring that a significant portion of donations goes toward mission-related activities.
The organization excels in its culture and community engagement, receiving a perfect score of 100 in this area. This reflects a robust feedback collection and usage process, ensuring that stakeholder voices are heard and considered in decision-making. Such practices not only foster transparency but also enhance community trust in the organization.
While the financial metrics are strong, the working capital ratio of 0.98 years suggests that the organization may need to improve its liquidity to ensure sustainability in times of financial uncertainty. Nonetheless, the overall performance reflects a well-managed nonprofit with a clear focus on its mission and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is New York Road Runners Inc C/O Finance Department legitimate?
New York Road Runners Inc C/O Finance Department is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Road Runners Inc C/O Finance Department 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: $1,235,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,047,451
For more financial information, click here
Official website here: www.nyrr.org
What is the mission statement of New York Road Runners Inc C/O Finance Department?
New York Road Runners Inc's Finance Department is dedicated to helping and inspiring people through the medium of running. They achieve this mission by organizing year-round events, implementing youth and community programs, providing virtual offerings, and offering resources for individuals of all ages and abilities. In the fiscal year 2022, they successfully held the 50th running of the New York City Marathon, which included runners from over 90 countries and all 50 states. Despite the ongoing restrictions on large public gatherings, about 25,000 runners finished the race, including resolution runners who received complimentary guaranteed entrance due to the 2020 cancellation process.
Official website here: www.nyrr.org
Who is the CEO of New York Road Runners Inc C/O Finance Department?
Jeanmarie Cooney is the Chairman/Board Member of New York Road Runners Inc C/O Finance Department. The CEO's salary of New York Road Runners Inc C/O Finance Department is $198,000 and their total compensation is $215,100.
Official website here: www.nyrr.org
What is the revenue of New York Road Runners Inc C/O Finance Department?
New York Road Runners Inc C/O Finance Department's revenue in 2022 was $85,041,605.
Official website here: www.nyrr.org
Who are the executives of New York Road Runners Inc C/O Finance Department and what are their salaries?
The average compensation at New York Road Runners Inc C/O Finance Department during 2022 was $25,393. There are 720 employees and 9746 volunteers at New York Road Runners Inc C/O Finance Department.
Here are 39 key members and their salaries (New York Road Runners Inc C/O Finance Department's CEO's salary is $198,000 and their total compensation is $215,100):
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- Compensation: $198,000
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- Compensation: $256,029
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- Other: $23,915
Official website here: www.nyrr.org
Where can I find the form 990 for New York Road Runners Inc C/O Finance Department?
New York Road Runners Inc C/O Finance Department's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyrr.org
Learn more at the official website: www.nyrr.org
Mission Statement of New York Road Runners Inc C/O Finance Department
New York Road Runners Inc, or NYRR, is a mission-driven organization that aims to help and inspire individuals through running. They accomplish this goal through a year-round calendar of events, community and youth programs, virtual offerings, and associated resources for people of all ages and abilities.
NYRR's most iconic event is the TCS New York City Marathon. In the fiscal year 2022, NYRR marked the 50th anniversary of this renowned race, which saw a reduced capacity due to ongoing restrictions related to large public gatherings. Despite the limitations, the marathon attracted over 25,000 runners from nearly every country and all 50 states, including Washington D.C. and Puerto Rico. Resolution Runners, those who had received complimentary guaranteed entry from the 2020 cancellation process, were also part of the race. The marathon took place on November 7, 2021, with a global participant base eager to cross the finish line.
NYRR's impact extends beyond marathons, as they offer a range of programs designed to engage and support the community. Their commitment to youth and community initiatives enables them to make a difference in the lives of many. While the specifics of their programs are not mentioned in the provided information, it can be inferred that they have a substantial reach and positive influence on their participants.
In summary, New York Road Runners Inc is a dynamic organization that empowers individuals through the transformative power of running. Their calendar of events, community and youth programs, virtual offerings, and resources cater to people of all ages and abilities, fostering a spirit of self-improvement and inclusivity. Their flagship event, the TCS New York City Marathon, is a testament to their dedication and commitment to inspiring and helping people reach their goals.
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Impact
October, 2024
New York Road Runners Inc. significantly influences the running community and promotes health and fitness across diverse demographics. Through events, programs, and resources, NYRR inspires countless individuals to engage in running, fostering a culture of fitness and community connection.
One of the organization's hallmark events, the TCS New York City Marathon, exemplifies this impact. In its 50th running in fiscal year 2022, the marathon adapted to ongoing restrictions, accommodating around 25,000 runners from over 90 countries despite a limited capacity. This adaptability ensured that the event not only continued but showcased resilience and perseverance, allowing participants to experience the camaraderie and excitement of marathon running.
Beyond the marathon, NYRR offers year-round events and community programs designed to engage runners of all ages and abilities. Their initiatives create opportunities for youth and community participation, promoting physical activity while instilling values of determination and achievement. Through these efforts, NYRR plays a vital role in integrating running into the lives of countless individuals, enhancing community health and well-being.
This information is meant to be a general summary of New York Road Runners Inc C/O Finance Department. 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: $3,446,794
- Program Service Revenue: $29,639,180
- Gross Receipts: $94,844,552
Assets and Liabilities:
- Total Assets: $136,231,172
- Total Liabilities: $53,741,215
- Net Assets: $82,489,957
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT ENTRY REVENUE
Revenue
$25,269,508
MARATHON AUXILIARY REVENUE
Revenue
$3,842,809
CLASSES REVENUE
Revenue
$489,440
Organization Details
Founding Year
1979
Phone
(646) 758-9739Principal Officer
Jeanmarie Cooney
Main Address
156 WEST 56TH STREET, NEW YORK, NY, 100193800
Website
www.nyrr.orgNTEE Category
Code: N70 - Recreation
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