Overview
What is New York Communities Organizing Fund Inc?
New York Communities Organizing Fund Inc, based in Brooklyn, New York, is a nonprofit organization dedicated to advocating for workers' rights, particularly in the city's immigrant and communities of color. They have been instrumental in the fight for paid sick days and the minimum wage increase, demonstrating a strong commitment to low-wage workers and their right to a living wage and unionization without retaliation. Their mission extends beyond advocacy, encompassing public education, research, and direct services aimed at empowering low- and moderate-income New Yorkers, ultimately improving their economic security and overall wellbeing. The organization operates within New York State, acting as a voice and a source of support for underserved communities.
Official website here: www.nycofi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating
The New York Communities Organizing Fund Inc has received a 72% rating from Charity Navigator, indicating a mixed performance in accountability and financial practices. The organization shows strong governance with independent board members and effective financial oversight, which demonstrates a commitment to accountability. It adheres to several best practices, including having a conflict of interest policy and whistleblower policy in place.
However, the organization's financial ratios present some concerns. Notably, it scored poorly in the liabilities to assets ratio, fundraising efficiency ratio, and working capital ratio, which may imply challenges in financial sustainability and resource allocation. These deficiencies suggest that while the organization maintains strong governance, it may face difficulties in managing its financial health and fundraising efforts effectively.
Overall, while the New York Communities Organizing Fund Inc exhibits strengths in governance and transparency, its financial metrics indicate areas that require improvement. Stakeholders and potential donors may want to consider these factors when evaluating the organization’s performance and potential impact.
This AI summary has been generated from information found on Charity Navigator.
Is New York Communities Organizing Fund Inc legitimate?
New York Communities Organizing Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Communities Organizing Fund 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: $61,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,603
For more financial information, click here
Official website here: www.nycofi.org
What is the mission statement of New York Communities Organizing Fund Inc?
New York Communities Organizing Fund Inc, as a community-based nonprofit organization, aims to empower low- and moderate-income individuals. They accomplish this by providing public education, advocacy, conducting research, and offering direct services. The primary goal is to improve the economic security and wellbeing of disadvantaged communities, predominantly those of color, throughout New York State. Workers' rights are a significant focus, with the organization standing in solidarity with low-wage workers seeking a living wage and the right to unionize without facing retaliation. They have been at the forefront of initiatives like the Paid Sick Days Fight and the Fight for $15 campaign to raise the minimum wage in the state.
Official website here: www.nycofi.org
Who is the CEO of New York Communities Organizing Fund Inc?
Olivia Leirer is the Co-Executive Director of New York Communities Organizing Fund Inc.
Official website here: www.nycofi.org
What is the revenue of New York Communities Organizing Fund Inc?
New York Communities Organizing Fund Inc's revenue in 2022 was $2,613,799.
Official website here: www.nycofi.org
Who are the executives of New York Communities Organizing Fund Inc and what are their salaries?
There 9 volunteers at New York Communities Organizing Fund Inc.
Here are 11 key members and their salaries:
- Compensation: $25,402
- Related: $0
- Other: $6,096
- Compensation: $23,800
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- Other: $5,712
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- Other: $0
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- Other: $0
Official website here: www.nycofi.org
Where can I find the form 990 for New York Communities Organizing Fund Inc?
New York Communities Organizing Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nycofi.org
Learn more at the official website: www.nycofi.org
Mission Statement of New York Communities Organizing Fund Inc
New York Communities Organizing Fund Inc, a community-based nonprofit organization, is dedicated to empowering low- and moderate-income New Yorkers. Through public education, advocacy, research, and direct services, this nonprofit aims to enhance the economic security and wellbeing of disadvantaged and communities of color across New York State.
At the heart of New York Communities Organizing Fund Inc's mission is the fight for workers' rights. Recognizing the nation's shift towards overworked and underpaid individuals, particularly in cities like New York, the organization has taken a leading role in various campaigns. It spearheaded the Paid Sick Days fight, advocating for the right of workers to take time off when they or their family members are ill. Furthermore, New York Communities Organizing Fund Inc was instrumental in igniting the Fight for $15 campaign, striving to raise the state minimum wage. The organization stands in solidarity with low-wage workers, advocating for their right to a living wage and the freedom to unionize without fear of retaliation.
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Impact
October, 2024
New York Communities Organizing Fund Inc makes a significant impact by empowering low- and moderate-income New Yorkers through a multifaceted approach. Focusing on public education, advocacy, research, and direct services, the organization addresses critical issues affecting workers, particularly those in immigrant and communities of color.
By championing worker's rights, NYCOFI plays a crucial role in advancing initiatives such as the fight for paid sick leave and the campaign for a $15 minimum wage. These efforts are especially vital in a city where the struggle of the overworked and underpaid is starkly visible. NYCOFI not only supports low-wage workers in their quest for fair compensation but also advocates for their right to organize and unionize without fear of retaliation.
Through its community-based initiatives, NYCOFI improves economic security and overall well-being for vulnerable populations across New York State. The organization's commitment to social justice and community empowerment fosters resilience and creates pathways for meaningful change, ultimately contributing to a more equitable society.
This information is meant to be a general summary of New York Communities Organizing Fund 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.
- Gross Receipts: $2,614,517
Assets and Liabilities:
- Total Assets: $1,687,605
- Total Liabilities: $1,323,312
- Net Assets: $364,293
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Organization Details
Founding Year
2010
Phone
(347) 756-4949Principal Officer
Olivia Leirer
Main Address
1 Metrotech Center North 11th FL, Brooklyn, NY, 11201
Website
www.nycofi.orgNTEE Category
Code: S30 - Community improvement
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