Overview
What is Gracie Mansion Conservancy?
Gracie Mansion Conservancy is a nonprofit organization situated in New York City, specifically at 88TH STREET AND EAST END AVENUE. The primary objective of this organization is to preserve and maintain Gracie Mansion, a historical public landmark with significant value. As the official residence of the Mayor of New York City, the conservancy seeks to restore the structure to its former glory and enhance its historical significance. The conservancy also installs artworks and other items to provide visitors and students with a vivid depiction of New York City's rich history. Moreover, they offer educational services, such as publications and tours, to engage the public and foster knowledge about the city's past. The team consists of 2 dedicated individuals committed to this mission.
Official website here: www.nyc.gov/gracie
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star Rating)
The Gracie Mansion Conservancy has earned a significant Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an overall score of 93%, the organization demonstrates strong governance practices, evidenced by 100% of its board members being independent and the absence of any material diversion of assets. These elements contribute to a trustworthy environment for donors and stakeholders alike.
The conservancy maintains a positive financial profile, as seen in its program expense ratio of 67.19%, indicating that a substantial portion of its budget is dedicated to its programs. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower policies, which further enhance its operational integrity. Its low liabilities to assets ratio of 4.63% suggests sound financial management and stability.
While the organization excels in financial accountability, the program expense ratio could see improvement to optimize funding allocation for its mission. Nevertheless, the overall strengths presented in its governance and financial practices position the Gracie Mansion Conservancy as a commendable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Gracie Mansion Conservancy legitimate?
Gracie Mansion Conservancy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gracie Mansion Conservancy 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: $84,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,885
For more financial information, click here
Official website here: www.nyc.gov/gracie
What is the mission statement of Gracie Mansion Conservancy?
The Gracie Mansion Conservancy's mission is centered around raising funds to restore, preserve, and maintain the historic Gracie Mansion, a significant public landmark. The conservancy also aims to showcase the rich history of New York City by installing artwork and other items within the mansion. This historical site serves not only as a residence for the city's mayor but also as an educational resource, offering publications and tours for the visiting public and students. The conservancy's educational services are designed to enhance understanding and appreciation of New York City's history. This mission is crucial in ensuring that future generations can continue to learn from and be inspired by the city's past.
Official website here: www.nyc.gov/gracie
Who is the CEO of Gracie Mansion Conservancy?
Rhonda Binda is the Executive Director of Gracie Mansion Conservancy.
Official website here: www.nyc.gov/gracie
What is the revenue of Gracie Mansion Conservancy?
Gracie Mansion Conservancy's revenue in 2022 was $58,327.
Official website here: www.nyc.gov/gracie
Who are the executives of Gracie Mansion Conservancy and what are their salaries?
The average compensation at Gracie Mansion Conservancy during 2022 was $68,846. There are 2 employees and 2 volunteers at Gracie Mansion Conservancy.
Here are 8 key members and their salaries:
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- Compensation: $142,308
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Official website here: www.nyc.gov/gracie
Where can I find the form 990 for Gracie Mansion Conservancy?
Gracie Mansion Conservancy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nyc.gov/gracie
Learn more at the official website: www.nyc.gov/gracie
Mission Statement of Gracie Mansion Conservancy
Gracie Mansion Conservancy, a dedicated nonprofit organization, is committed to raising funds for the restoration, preservation, and maintenance of the historic Gracie Mansion. This 18th-century structure, serving as the official residence of New York City's mayor, holds significant historic value. The conservancy's mission extends beyond mere restoration; it involves installing artwork and various items to showcase New York City's rich history, making it an enlightening experience for visiting public and students. Furthermore, Gracie Mansion Conservancy provides educational services, including publications and tours, ensuring that the historical significance of the mansion is not lost on its visitors. By offering such resources, the conservancy aims to promote a deeper understanding and appreciation of New York City's past.
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Impact
August, 2024
Gracie Mansion Conservancy's impact is in the restoration, preservation, and maintenance of the historic Gracie Mansion in New York City. They raise funds to support these efforts, ensuring that this significant public landmark, built in 1799, retains its historical value. Additionally, the Conservancy installs artworks and items that showcase the rich history of New York City for the public and students. Through educational services like publications and tours, they enhance the understanding and appreciation of the city's cultural heritage.
This information is meant to be a general summary of Gracie Mansion Conservancy. 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: $3,552
- Gross Receipts: $58,327
Assets and Liabilities:
- Total Assets: $634,868
- Total Liabilities: $1,064
- Net Assets: $633,804
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Organization Details
Founding Year
1981
Phone
(212) 570-4773Principal Officer
Rhonda Binda
Main Address
88TH STREET AND EAST END AVENUE, NEW YORK, NY, 10128
Website
www.nyc.gov/gracieNTEE Category
Code: A82 - Arts
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