Overview
What is The Mayor's Fund To Advance New York City?
The Mayor's Fund to Advance New York City is a nonprofit organization based in New York City, specifically at 253 Broadway, 6th Floor, New York, NY 10007. It functions as a bridge between the city government and the business, foundational, and philanthropic communities. The Mayor's Fund uniquely combines the reach of government with the flexibility of the private sector to support New Yorkers and the city, fostering innovative public-private partnerships to address critical city needs. Recently, they secured a $1.5 million grant to expand the implementation of two STEM-related initiatives, Exploring Futures and College Now for Careers, benefiting middle and high school students over the next three years.
Official website here: www.nyc.gov/fund
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star Rating)
The Mayor's Fund To Advance New York City has achieved a high rating of 95% from Charity Navigator, reflecting strong accountability and financial health. The organization boasts 100% independent board members and has received full marks for its audit and oversight processes, indicating a high level of transparency and proper governance practices. The lack of any material diversion of assets further underscores its commitment to ethical financial management.
With an impressive program expense ratio of 96.85%, a minimal fundraising efficiency ratio of $0.02, and a liabilities to assets ratio of 10.90%, the organization effectively directs its resources towards impactful programs and services. This financial efficiency suggests a well-managed nonprofit that prioritizes its mission over administrative costs. The Mayor's Fund also maintains robust policies for conflict of interest and whistleblower protections, further reinforcing its integrity.
While the available data highlights the organization's strengths, it does not address any specific challenges or areas for improvement. Overall, the Mayor's Fund To Advance New York City stands out as a highly rated nonprofit, dedicated to serving the community with a transparent and efficient operational framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Mayor's Fund To Advance New York City legitimate?
The Mayor's Fund To Advance New York City is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mayor's Fund To Advance New York City 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: $880,487
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,061
For more financial information, click here
Official website here: www.nyc.gov/fund
What is the mission statement of The Mayor's Fund To Advance New York City?
The Mayor's Fund To Advance New York City functions as the primary bridge between New York City government and its business, foundational, and philanthropic communities. Uniquely positioned to combine the vast reach of government with the entrepreneurial spirit of the private sector, the Mayor's Fund forges innovative public-private partnerships to address critical city needs. By leveraging a deep well of civic goodwill, the organization supports New Yorkers and New York City, enhancing the city's ability to serve its residents. Through these collaborations, the Mayor's Fund aims to create meaningful change, enriching the lives of those within the city.
Official website here: www.nyc.gov/fund
Who is the CEO of The Mayor's Fund To Advance New York City?
Marcella Tillett is the Chair of The Mayor's Fund To Advance New York City.
Official website here: www.nyc.gov/fund
What is the revenue of The Mayor's Fund To Advance New York City?
The Mayor's Fund To Advance New York City's revenue in 2022 was $19,417,548.
Official website here: www.nyc.gov/fund
Who are the executives of The Mayor's Fund To Advance New York City and what are their salaries?
The average compensation at The Mayor's Fund To Advance New York City during 2022 was $76,896. There are 14 employees and 6 volunteers at The Mayor's Fund To Advance New York City.
Here are 12 key members and their salaries:
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- Compensation: $53,751
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- Other: $4,200
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- Compensation: $164,077
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- Other: $21,749
- Compensation: $161,958
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- Other: $38,548
- Compensation: $112,638
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- Other: $29,398
- Compensation: $138,897
- Related: $0
- Other: $21,149
- Compensation: $124,320
- Related: $0
- Other: $45,399
- Compensation: $124,846
- Related: $0
- Other: $27,080
Official website here: www.nyc.gov/fund
Where can I find the form 990 for The Mayor's Fund To Advance New York City?
The Mayor's Fund To Advance New York City's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyc.gov/fund
Learn more at the official website: www.nyc.gov/fund
Mission Statement of The Mayor's Fund To Advance New York City
The Mayor's Fund to Advance New York City serves as a bridge between New York City's government and its business, foundational, and philanthropic communities. Uniquely positioned at the intersection of government and the private sector, this organization leverages the City's vast goodwill to support New Yorkers and New York City. By fostering innovative public-private partnerships, The Mayor's Fund addresses critical city needs with the financial backing of traditional philanthropy and private sector civic investors.
In essence, The Mayor's Fund to Advance New York City is a catalyst for positive change in the City, using the unparalleled reach of government alongside the flexibility and entrepreneurial spirit of the private sector. Through its strategic initiatives, the organization supports New Yorkers in various ways, enhancing the City's ability to serve its residents effectively. By engaging city government and harnessing the power of the business community, The Mayor's Fund fosters a collaborative environment that benefits the city on multiple levels.
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Impact
October, 2024
The Mayor's Fund To Advance New York City plays a crucial role in connecting the city's business, philanthropic, and foundational sectors with local government, enabling them to actively contribute to public programs and enhance the city’s capacity to serve its residents. By leveraging this collaboration, the Fund supports innovative public-private partnerships that address pressing needs in the community.
One of its significant initiatives includes a $1.5 million grant secured in partnership with the Mayor's Office of Youth Employment, aimed at expanding STEM-related programs—Exploring Futures and College Now for Careers—over the next three years. This initiative focuses on providing middle and high school students with essential skills and resources, preparing them for successful futures in science, technology, engineering, and mathematics fields.
Through its efforts, the Mayor's Fund fosters a spirit of civic engagement and support, helping to drive meaningful change and community improvement in New York City.
This information is meant to be a general summary of The Mayor's Fund To Advance New York City. 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: $216,408
- Gross Receipts: $19,417,548
Assets and Liabilities:
- Total Assets: $17,518,316
- Total Liabilities: $2,238,907
- Net Assets: $15,279,409
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Organization Details
Founding Year
1994
Phone
(212) 442-6357Principal Officer
Marcella Tillett
Main Address
253 BROADWAY 6TH FL, NEW YORK, NY, 10007
Website
www.nyc.gov/fundNTEE Category
Code: S20Z - Community improvement
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