Overview
What is Ea Foundation Of Ny Inc?
Ea Foundation of NY Inc is a supporting organization, headquartered in New York City, specifically at 197 East Broadway, New York, NY 10002. Its primary role is to aid the Educational Alliance, a nonprofit organization, through grant support and various other activities. As a Type I supporting organization, Ea Foundation of NY Inc operates exclusively for the benefit of the Educational Alliance, managing the premises where the latter provides services to New York City residents. The foundation engaged in an NMTC transaction, acting as a Qualified Active Low-Income Business, to further its mission as a nonprofit corporation.
Official website here: www.edalliance.org
Is Ea Foundation Of Ny Inc legitimate?
Ea Foundation Of Ny Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ea Foundation Of Ny 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.edalliance.org
What is the mission statement of Ea Foundation Of Ny Inc?
Ea Foundation of Ny Inc operates as a supporting organization, primarily benefiting the Educational Alliance. Its primary mission is to manage the premises where the Educational Alliance provides services to New York City residents. The foundation holds title to the facilities, including a community facility condominium at 179 Henry Street, which was transferred to it by Alliance Holdings, an affiliate of the Educational Alliance. Additionally, the foundation entered into a New Markets Tax Credit (NMTC) transaction, acting as a Qualified Active Low-Income Business (QALICB), engaging in activities that further its purpose as a nonprofit corporation. The foundation's activities are geared towards supporting the Educational Alliance's mission of providing essential services.
Official website here: www.edalliance.org
Who is the CEO of Ea Foundation Of Ny Inc?
Anya Hoerburger is the President & Ceo of Ea Foundation Of Ny Inc. The CEO's salary of Ea Foundation Of Ny Inc is $0 and their total compensation is $426,031.
Official website here: www.edalliance.org
What is the revenue of Ea Foundation Of Ny Inc?
Ea Foundation Of Ny Inc's revenue in 2022 was $852,000.
Official website here: www.edalliance.org
Who are the executives of Ea Foundation Of Ny Inc and what are their salaries?
There 2 volunteers at Ea Foundation Of Ny Inc.
Here are 6 key members and their salaries (Ea Foundation Of Ny Inc's CEO's salary is $0 and their total compensation is $426,031):
- Compensation: $0
- Related: $395,441
- Other: $30,590
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $212,199
- Other: $6,540
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $237,973
- Other: $22,351
- Compensation: $0
- Related: $192,088
- Other: $39,766
Official website here: www.edalliance.org
Where can I find the form 990 for Ea Foundation Of Ny Inc?
Ea Foundation Of Ny Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.edalliance.org
Learn more at the official website: www.edalliance.org
Mission Statement of Ea Foundation Of Ny Inc
The Ea Foundation of NY Inc, functioning as a Type I supporting organization, is dedicated solely to benefiting the Educational Alliance, Inc. Its primary mission involves managing the premises where the Educational Alliance provides services to New York City residents. The Foundation holds the title to these facilities, which were transferred to it by Alliance Holdings, an affiliate of the Educational Alliance. Additionally, the Foundation assumes ownership of the Community Facility Condominium located at 179 Henry Street, along with the remaining portion of the premises at the same location, following a transfer of fee title from the Educational Alliance. In its role as a Qualified Active Low Income Business (QALICB), as defined in Reg. 1.4SD(D)(4)(I), the Ea Foundation of NY Inc actively conducts a trade or business that aligns with its nonprofit corporation purpose. This mission encompasses the active management of the facilities, ensuring they continue to serve the residents of New York City effectively.
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Impact
October, 2024
Ea Foundation Of NY Inc plays a significant role in enhancing educational opportunities and community services in New York City. By operating as a supporting organization to the Educational Alliance, the foundation provides crucial funding through grants and various supporting activities, ensuring that resources are available for educational initiatives.
The foundation manages vital premises that serve as a community facility, allowing the Educational Alliance to conduct essential services for residents. Through its ownership of the property at 179 Henry Street, the foundation not only supports the operational needs of the Educational Alliance but also anchors a hub for educational programming and community engagement.
Engagement in the New Markets Tax Credit (NMTC) transaction as a Qualified Active Low Income Business (QALICB) underscores its commitment to fostering economic opportunity while enhancing educational outcomes. This strategic involvement further amplifies its impact, allowing the foundation to contribute to the greater well-being of the community, particularly for low-income residents.
Overall, Ea Foundation Of NY Inc significantly contributes to empowering residents through education and support services, fostering a more resilient and vibrant community in New York City.
This information is meant to be a general summary of Ea Foundation Of Ny 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: $852,000
- Gross Receipts: $852,000
Assets and Liabilities:
- Total Assets: $43,386,975
- Total Liabilities: $334,319
- Net Assets: $43,052,656
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$852,000
Organization Details
Founding Year
2012
Phone
(212) 780-2300Principal Officer
Anya Hoerburger
Main Address
197 EAST BROADWAY, NEW YORK, NY, 10002
Website
www.edalliance.orgNTEE Category
Code: B19 - Education
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