Overview
What is Iss Of New York Inc?
Iss Of New York Inc is a nonprofit organization established with the primary purpose of serving as an investment vehicle for another 501(c)3 organization named Immigrant Social Services, Inc. (ISS). The main role of Iss Of New York Inc is to manage and invest any surplus funds that ISS may have, with the aim of generating interest or dividends. These proceeds are then utilized to support ISS's non-profit activities. Notably, Iss Of New York Inc also owns the building where ISS operates, but beyond the routine expenses associated with property ownership, the organization remains largely inactive. Its primary function is to act as an investing agent for ISS.
Official website here: www.issnyc.org
Is Iss Of New York Inc legitimate?
Iss Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Iss 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.issnyc.org
What is the mission statement of Iss Of New York Inc?
Iss Of New York Inc was established as a holding company for Immigrant Social Services, Inc. (ISS). Its primary role is to invest any excess funds that ISS may accrue and return any interest or dividends generated from these investments to ISS for its charitable activities. The organization also owns the building where ISS operates, but apart from regular property maintenance costs, it remains inactive. Essentially, Iss Of New York Inc serves as an investment agent for ISS, a non-profit organization. It does not have a separate mission statement of its own, as its purpose is solely to support ISS in its charitable endeavors.
Official website here: www.issnyc.org
Who is the CEO of Iss Of New York Inc?
Sherman Eng is the President of Iss Of New York Inc.
Official website here: www.issnyc.org
What is the revenue of Iss Of New York Inc?
Iss Of New York Inc's revenue in 2022 was $76,500.
Official website here: www.issnyc.org
Who are the executives of Iss Of New York Inc and what are their salaries?
Here are 6 key members and their salaries:
- 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
Official website here: www.issnyc.org
Where can I find the form 990 for Iss Of New York Inc?
Iss Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.issnyc.org
Learn more at the official website: www.issnyc.org
Mission Statement of Iss Of New York Inc
Iss Of New York Inc, established as a holding company for Immigrant Social Services Inc., has a unique mission. Primarily, this organization serves as an investing agent for Immigrant Social Services Inc., a 501(c)3 non-profit organization. Its main objective is to manage any surplus funds Iss may have and utilize the interest or dividends earned to support Iss's ongoing charitable activities. To achieve this, Iss Of New York Inc. purchased the building that houses Immigrant Social Services Inc. Beyond the typical expenses associated with owning the property, this organization remains inactive, focusing solely on its role as an investment manager for Iss.
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
October, 2024
Iss Of New York Inc serves as a critical financial foundation for the operations of Immigrant Social Services, Inc. (ISS). By acting as a holding company, it plays a strategic role in managing investments and maximizing financial resources that support ISS's mission of serving immigrant communities. The organization has invested in the purchase of the building that houses ISS, ensuring stability and continuity for the services offered to its clientele.
While primarily functioning as an investing agent, Iss Of New York Inc's contributions are essential in facilitating the ongoing activities of ISS. The surplus funds and any interest or dividends generated from investments are redirected back to ISS, enabling it to enhance its social services and community support initiatives. This financial structure not only supports ISS's operational needs but also fosters community improvement by empowering immigrants through various resources and assistance programs. In essence, Iss Of New York Inc's impact lies in its ability to provide a solid financial base that underpins meaningful community support and development for immigrant populations in New York.
This information is meant to be a general summary of Iss 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 2022.
- Program Service Revenue: $76,500
- Gross Receipts: $76,500
Assets and Liabilities:
- Total Assets: $1,630,034
- Total Liabilities: $1,760,555
- Net Assets: -$130,521
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.
PROGRAM SERVICE REVENUE
Revenue
$76,500
Organization Details
Founding Year
1994
Phone
(212) 571-1840Principal Officer
Sherman Eng
Main Address
137 HENRY STREET, NEW YORK, NY, 10002
Website
www.issnyc.orgNTEE Category
Code: S47 - Community improvement
If you are a representative of Iss Of New York Inc 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.